The credit card with own checking account / bank account
Many banks also offer a new credit card to new customers with the opening of a checking account. These are usually the credit cards of MasterCard and Visa, which offer their products according to the principle of association via banks. With the credit card with checking account, the opened account is used at the same time as a reference account from which all expenses incurred via the credit card are withdrawn. For customers, the credit card with checking account can offer some advantages. As a rule, they have the same contact person for both financial products and can also keep an eye on their credit card sales with a look at their checking account.
Charge-Card in combination with checking account
Most often, the checking account is combined with a so-called charge card. Depending on the credit rating, the banks provide the customer with an interest-free credit line that they can use at their discretion over the course of a month. At the end of the month, the customer receives the billing and the transactions are debited from the checking account in an amount.
Real credit card with checking account
Compared to the charge card, the customer receives a special type of installment credit with a classic credit card, which does not have to be repaid at the end of each month. As with the charge card, the customer is provided with a credit-related credit facility that he can exploit as needed. At the end of the month, the customer must repay installments of between 5 and 50 percent of the loan amount. The banks also allow their customers to make special payments at any time. One disadvantage of the so-called revolving credit card, however, are the high interest rates that are calculated after the expiration of four weeks on the outstanding amount. They ensure that the risk of over-indebtedness in this form of credit card with current account is particularly great.
Debit card with checking account
If you want to play it safe, you can combine your checking account with a debit card. Unlike the charge card or traditional credit card, the debit card does not provide real credit. However, with the ability to pay cashless almost anywhere, it includes the basic function of a credit card. The biggest difference compared to a charge card and a credit card with checking account is the method of billing: The transactions made with the debit card are paid directly by the current account. The risk of debt usually does not exist, because only with the debit card can be paid if money is in the checking account.
Prepaid card with checking account
For job seekers, students, recipients of Hartz IV benefits and persons with negative private credit bureau, banks usually do not offer a credit card with current account. An alternative, however, may be the prepaid credit card. It combines the basic features of a true credit card with full cost control. In order for the prepaid credit card to be used for payments, money must first be transferred from the checking account to the card. If there is no money on the card, the prepaid card will not work. This limits the possible damage caused by theft or loss of the card.