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Updated 22. June 2026
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Credit card overview
Netkredit24 Mastercard
Netkredit24 Mastercard is a Mastercard for Germany with a credit limit of up to €4,000. The annual fee is €0. Purchases can be interest-free for up to 56 days. The stated borrowing rate is 24.79%.
Card details
Representative example according to PAngV: For a credit line and net loan amount of €1,000 used in full from the first day and repaid in 12 equal monthly payments, the effective annual interest rate is 24.60%. The total amount for purchases is €1,124.28. For cash withdrawals, the total amount is €1,140.29.
The Netkredit24 Mastercard is a revolving credit card issued for the German market, positioned as an accessible option for people who want a no-annual-fee card with a straightforward credit line. It runs on the Mastercard network, which gives it broad acceptance across Germany and internationally. The card is a true credit card — not a prepaid or debit card — meaning purchases are billed to a credit account and interest applies if the balance is not cleared in full.
As a free credit card, the Netkredit24 Mastercard carries no annual fee, not just in the first year but on an ongoing basis. That said, the interest rate on carried balances is notably high, which makes the cost of revolving credit significant if the monthly balance is not repaid in full.
Key Details
The Netkredit24 Mastercard is a revolving credit card. This means cardholders can carry a balance from month to month, but interest accrues on any outstanding amount. The card is not a charge card, which would require full repayment each month, and it is not a prepaid card, which would require loading funds in advance.
The card supports Google Pay and Apple Pay, making it compatible with contactless mobile payments on Android and iOS devices. Samsung Pay is not supported. There is no free additional card available on this account.
Fees, Interest Rates and Limits
| Feature | Detail |
|---|---|
| Annual fee | €0 (no annual fee) |
| First year free | Yes — and every subsequent year |
| Card network | Mastercard |
| Interest rate (purchases) | Up to 24.79% effective annual rate |
| Interest rate (minimum) | 24.60% effective annual rate |
| Interest-free period | Up to 56 days |
| Maximum credit limit | €4,000 |
| Cash withdrawal fee | 0% – 3% |
| Foreign currency / transaction fee | 0% – 2.99% |
| Invoice fee | €0 |
| Reminder fee | €0 |
| Late payment fee | €0 |
| Overdraft fee | €0 |
| Repayment type | Revolving credit |
| Free additional card | Not available |
| Google Pay | Yes |
| Apple Pay | Yes |
| Samsung Pay | No |
Representative Loan Example
According to the mandatory PAngV disclosure: for a credit line and net loan amount of €1,000 used in full from the first day and repaid in 12 equal monthly payments, the effective annual interest rate is 24.60%. The total amount for purchases is €1,124.28. For cash withdrawals, the total amount is €1,140.29.
This example illustrates how quickly interest accumulates at this rate. A €1,000 balance costs over €124 in interest over 12 months when repaid in equal instalments. Cash withdrawals are slightly more expensive than purchases under the same conditions.
Interest Rate in Context
An effective annual interest rate of up to 24.79% is at the higher end of the German credit card market. Many standard revolving credit cards in Germany carry rates between 18% and 22%. The Netkredit24 Mastercard’s rate is above that range, which is a meaningful consideration for anyone who does not plan to repay the full balance each month.
The interest-free period of up to 56 days applies when the full balance is paid by the due date. If only a partial payment is made, interest typically applies to the remaining balance from the transaction date. Cardholders who pay in full each month avoid interest entirely and benefit from the card at no cost.
Fees in Detail
Cash Withdrawal Fees
The cash withdrawal fee is stated as 0% to 3%. The exact rate applied to a specific cardholder or transaction is not further specified in the provided card information. Cash withdrawals on credit cards in Germany typically attract both a percentage fee and sometimes a minimum charge. Interest on cash withdrawals also usually begins immediately, without an interest-free period — this is standard practice for revolving credit cards in Germany.
The PAngV example confirms that cash withdrawals result in a higher total repayment amount than purchases under the same conditions, which reflects the typical cost structure of credit card cash advances.
Foreign Currency Fees
The foreign currency fee is stated as 0% to 2.99%. This range means the card may or may not be cost-free for international spending, depending on the individual terms applied. Cardholders who travel frequently or shop in non-euro currencies should confirm the exact rate before relying on this card as a travel credit card. A fee of up to 2.99% on every foreign currency transaction can add up quickly on a longer trip.
No Administrative Fees
The card charges no invoice fee, no reminder fee, no late payment fee and no overdraft fee. These zero-fee positions are notable. Many German credit cards charge reminder or late payment fees when a payment is missed. The absence of such fees reduces the administrative cost of holding the card, though the high interest rate remains the primary cost driver for anyone carrying a balance.
Eligibility and Approval
Basic Requirements
| Requirement | Detail |
|---|---|
| Minimum age | 18 years |
| Minimum annual income | €6,000 |
| Payment defaults allowed | No |
| Residency requirement | Not stated in the provided card information |
| German bank account required | Not stated in the provided card information |
SCHUFA and Credit History
Payment defaults are not permitted for this card. In the German credit system, this means applicants with negative SCHUFA entries — such as unpaid debts, insolvency records or court judgements — are unlikely to be approved. The SCHUFA is Germany’s primary credit reference agency, and most credit card issuers check it as part of the application process.
The minimum annual income of €6,000 is relatively low compared to many German credit cards, which often require €12,000 or more. This makes the Netkredit24 Mastercard potentially accessible to part-time workers or those with modest incomes, provided their credit history is clean. For more detail on what German issuers typically look for, the guide on how to apply for a credit card in Germany covers the standard process and documentation.
Credit Limit
The maximum credit limit is €4,000. The actual limit offered to an individual applicant will depend on their income, creditworthiness and the issuer’s internal assessment. A €4,000 ceiling is moderate — sufficient for everyday spending and occasional larger purchases, but not suited to high-volume business or travel spending.
The credit limit is a revolving facility, meaning it replenishes as repayments are made. Spending €500 and repaying it in full restores €500 of available credit.
Repayment
The Netkredit24 Mastercard operates as a revolving credit card. Cardholders can choose to repay the full balance each month, avoiding interest entirely, or make partial payments and carry the remaining balance forward. When a balance is carried, interest at up to 24.79% per year applies.
Paying only the minimum required each month on a revolving credit card at this interest rate will result in a significant total interest cost over time. The PAngV example — showing €124.28 in interest on a €1,000 balance repaid over 12 months — gives a concrete illustration of this cost. Cardholders who cannot commit to full monthly repayment should weigh this carefully before applying.
Mobile Payments
The card supports Google Pay and Apple Pay. Both allow contactless payments via smartphone or smartwatch at any terminal that accepts Mastercard contactless. Samsung Pay is not supported. There is no mention of a virtual card feature in the provided card information.
Mastercard Acceptance in Germany
Mastercard is one of the two dominant card networks in Germany alongside Visa. It is accepted at the vast majority of card-accepting merchants in Germany and internationally. American Express has more limited acceptance in Germany, particularly at smaller retailers and restaurants, so Mastercard’s broad reach is a practical advantage for everyday use.
In Germany, many transactions — particularly at supermarkets, petrol stations and online retailers — are processed via girocard (the domestic debit network) rather than Mastercard. However, Mastercard is accepted at most international chains, hotels, airlines and e-commerce platforms.
Pros and Cons
| Pros | Cons |
|---|---|
| No annual fee | High interest rate of up to 24.79% |
| No late payment fee | Foreign currency fee of up to 2.99% — not confirmed as zero |
| No reminder or invoice fees | Cash withdrawal fee of up to 3% |
| Up to 56 interest-free days | No free additional card |
| Google Pay and Apple Pay supported | Samsung Pay not supported |
| Low minimum income requirement (€6,000/year) | No payment defaults allowed — clean credit history required |
| Mastercard network — wide acceptance | Maximum credit limit of €4,000 |
Who This Card May Suit
The Netkredit24 Mastercard may suit individuals who want a no-fee Mastercard for everyday spending and who are confident they will repay the full balance each month. In that scenario, the high interest rate is irrelevant, and the card costs nothing to hold.
It may also appeal to people with a modest income who struggle to meet the higher income thresholds of other German credit cards. The €6,000 annual income minimum is accessible to part-time employees and those in lower-income brackets, as long as their SCHUFA record is clean.
It is less suitable for people who expect to carry a balance regularly, use the card heavily abroad, or need a high credit limit. Those looking for a card specifically optimised for international spending should compare options listed among travel credit cards in Germany before deciding.
Things to Check Before Applying
The cash withdrawal fee and foreign currency fee are each stated as a range (0%–3% and 0%–2.99% respectively). The exact rate that applies to a given cardholder is not specified in the provided card information. Applicants should confirm the precise fees that will apply to their account before using the card for cash withdrawals or foreign currency transactions.
Residency requirements and whether a German bank account is mandatory for the direct debit repayment are not stated in the provided card information. These are standard requirements for most German credit cards and should be confirmed directly with the issuer.
Terms, fees and interest rates are subject to change. The figures above reflect the card information provided at the time of writing.