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  #81  
Old 25.11.2009, 15:43
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Re: Credit Cards

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I'm happy with Migros's MasterCard deal.

www.mmastercard.ch

Have a reasonable limit, it doesn't cost anything and they can swipe the back of the card for my Cumulus points. APR is currently 9.9% id you don't pay back the full amount each month.

It isn't flashy, but it does what it says on the tin.
Same here. For me the Migros Mastercard deal is the best.
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  #82  
Old 25.11.2009, 15:54
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Re: Swiss Credit Cards

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service charge with 1.50% means that if I buy something for $100 it costs me $101.50? crazy
What is rather more crazy is that at time of writing $101.50 is only CHF101.62! A great time to be buying things in Dollars and I don't care about a 1.5% currency charge - have seen much worse e.g. 3.33% from banks in other countries.
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  #83  
Old 25.11.2009, 16:00
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Re: Swiss Credit Cards

i put the dollar sign in there by habit

if I buy something for CHF 100, then it's 100 or 101.50? what is the service charge?
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  #84  
Old 25.11.2009, 16:07
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Re: Swiss Credit Cards

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i put the dollar sign in there by habit

if I buy something for CHF 100, then it's 100 or 101.50? what is the service charge?
I don't know what this service charge is. I misunderstood your point and thought you referred to foreign currency handling fee.

I do know that some of the pre-paid credit cards charge a 1% loading fee. Quite ridiculous. Instead I have a free Coop Supercard Mastercard with a far from super CHF 1,500 limit on it. I can then over pay for free to create an effective credit limit sufficient to cover the deposit on a small rental car here (which with some companies can be CHF 2,500!!!) i.e. can make the ridiculous credit limit work for me by treating the card like a prepaid card but without the corresponding service charges. the only downside with this card is that it is mired in the dark ages and one has to await one's monthly statement to check the charges - no internet access :-(

Quite what anyone expects someone to do with CHF 1,500 in this country is beyond me.
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  #85  
Old 16.04.2010, 17:36
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Re: Swiss Credit Cards

I just got hit by my first LSV for my credit card and I don't get paid for another 2 weeks. I find it completely bizarre that they took the money from my account before I even received the statement. At home you get a letter to the door at least a week (if not two) before any money is deducted from your account giving you notice what's going to happen and time to make sure that the money is in the account.
When I went to the bank to sort it out (& it was easily sorted out), I asked about monitoring the card using internet banking, I was told that this wasn't possible! Talk about mental! I thought my bank before I came here was stuck in the stone-age using abacus' to keep track of accounts....

In summary, if you're going to get a credit card make sure to find out exactly when you'll be paying and don't assume that they'll do something sensible like notify you of the amount and date before implementing a direct debit.
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  #86  
Old 16.04.2010, 18:06
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Re: Swiss Credit Cards

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I just got hit by my first LSV for my credit card and I don't get paid for another 2 weeks. I find it completely bizarre that they took the money from my account before I even received the statement. At home you get a letter to the door at least a week (if not two) before any money is deducted from your account giving you notice what's going to happen and time to make sure that the money is in the account.
When I went to the bank to sort it out (& it was easily sorted out), I asked about monitoring the card using internet banking, I was told that this wasn't possible! Talk about mental! I thought my bank before I came here was stuck in the stone-age using abacus' to keep track of accounts....

In summary, if you're going to get a credit card make sure to find out exactly when you'll be paying and don't assume that they'll do something sensible like notify you of the amount and date before implementing a direct debit.
It depends on what you sign up for. I have a Visa with Jelmoli and they bill me by post and show a minimum payment I can make. The payment is made by me and not automatically debeited...
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  #87  
Old 16.04.2010, 18:13
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Re: Swiss Credit Cards

To add to what AbFab wrote, if you've come from the UK you also need to realise that credit cards in CH operate more like end of month debit cards.

This means that payment for goods is delayed to the end of the month, unlike the UK, when the payment is usually made a month later.
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  #88  
Old 16.04.2010, 18:38
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Re: Swiss Credit Cards

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I don't know what this service charge is. I misunderstood your point and thought you referred to foreign currency handling fee.

I do know that some of the pre-paid credit cards charge a 1% loading fee. Quite ridiculous. Instead I have a free Coop Supercard Mastercard with a far from super CHF 1,500 limit on it. I can then over pay for free to create an effective credit limit sufficient to cover the deposit on a small rental car here (which with some companies can be CHF 2,500!!!) i.e. can make the ridiculous credit limit work for me by treating the card like a prepaid card but without the corresponding service charges. the only downside with this card is that it is mired in the dark ages and one has to await one's monthly statement to check the charges - no internet access :-(

Quite what anyone expects someone to do with CHF 1,500 in this country is beyond me.
I was told that in Switzerland one is assigned a credit limit of, say, 20,000 CHF and that the consumer can be applied to one or many credit cards.

Then there is Amex. A foreign Amex can be moved to any other country, and your experience with them will follow, as will online accessibility.
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  #89  
Old 16.04.2010, 18:44
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Re: Swiss Credit Cards

This weeks Saldo magazine compared Swiss credit cards.

And the winner is:

Jemoli Bonus Card Visa
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  #90  
Old 16.04.2010, 21:38
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Re: Swiss Credit Cards

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This weeks Saldo magazine compared Swiss credit cards.

And the winner is:

Jemoli Bonus Card Visa
Hurrah! I have said it's a good 'un here before. Free is you spend more than CHF300/year (now that's not that hard, is it?)

Looks good too all in gold. Used it round the world including USA & Oz. Only had one add incident in the 5 years I've had when a waitress in Graubunden handed it back say I had inadvertently given her my Jelmoli Bonus Card (customer loyalty card)...
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  #91  
Old 16.04.2010, 21:57
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Re: Swiss Credit Cards

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I just got hit by my first LSV for my credit card and I don't get paid for another 2 weeks. I find it completely bizarre that they took the money from my account before I even received the statement.
That is how LSV works. Lesson learnt?

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At home you get a letter to the door at least a week (if not two) before any money is deducted from your account giving you notice what's going to happen and time to make sure that the money is in the account.
Welcome abroad, hopefully sooner or later your news home!

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When I went to the bank to sort it out (& it was easily sorted out), I asked about monitoring the card using internet banking, I was told that this wasn't possible! Talk about mental! I thought my bank before I came here was stuck in the stone-age using abacus' to keep track of accounts....
The issue is fortunately limited to credit cards, regular accounts are usually accessible by e-banking. Some banks offer e-banking for credit cards, e.g. UBS (for customers stupid enough to remain with UBS).

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In summary, if you're going to get a credit card make sure to find out exactly when you'll be paying and don't assume that they'll do something sensible like notify you of the amount and date before implementing a direct debit.
That's the reason why I never use LSV.

Martin
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  #92  
Old 22.04.2010, 17:56
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Re: Swiss Credit Cards

Sparky101,

Going back to your previous post.

There is a more convenient way to manage/control automatic payments (LSV's) from your bank account.

I personally would not sign up for any of this LSV carry on.

Most of the swiss current accounts offer a payment service whereby u can automatically receive the bill from your Credit Card Co, etc. and u have the opportunity then to accept it, defer payment to another date, etc.

I think it is called E-billing at most banks.
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  #93  
Old 25.05.2010, 16:49
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Re: Swiss Credit Cards

If applying for either jelmoli visa or migro mastercard today online does anyone know how long it takes to come through, going on holiday in 5 weeks and would be best to take a credit card too for that just incase situation. UK citizen with B permit.

thanks
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  #94  
Old 25.05.2010, 16:55
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Re: Swiss Credit Cards

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If applying for either jelmoli visa or migro mastercard today online does anyone know how long it takes to come through, going on holiday in 5 weeks and would be best to take a credit card too for that just incase situation. UK citizen with B permit.
Back in November 2006, I mailed my Migros credit card application on 10th, received a confirmation on 22th, the PIN on 23th and the card on 27th.

Martin
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Old 02.06.2010, 15:52
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Re: Swiss Credit Cards

I got my Jemoli in about 3 weeks. But you can always call them and ask.
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  #96  
Old 03.06.2010, 10:20
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Re: Swiss Credit Cards

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That is how LSV works. Lesson learnt?
Martin
No, it's not really how it works (or how it should work). I have a visa with UBS. Billing period is from 10 to 10 each month. I then get a detailed statement around the 12th with a notice to immediately communicate any unauthorized transaction.
My LSV is debited on 25th, the same day when salary comes. Works perfectly every time.

It is quite expensive though. 100CHF a year + 1% commission on every international transaction.

I'm considering switching to Postfinance Visa Gold. They apparently refund 0.75% of the transaction value, back to the account. This brings the costs down significantly, according to comparis. Does anybody have experience with that? Does it work as advertised?
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  #97  
Old 03.06.2010, 10:30
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Re: Swiss Credit Cards

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I have a German one which is free and gives u 1 mile for every Euro spent.

Plus for 60€ I can have car rental insurance coverage.

All that with a foreign exchange fee of ony 0.9%

I have looked around here, but only can't find anything similar
If you have a Miles & More Gold Card you can get a Visa from Cornèr Banca for free. 1 mile for 2 francs spent, no annual fee, 0.9% forex charges. Be careful with the "free" offers from Migros, etc. as they have very high forex charges.
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  #98  
Old 03.06.2010, 11:17
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Re: Swiss Credit Cards

Is there any difference between the PostFinance standard and gold cards aside from the cashback amount (and snob factor)? Are credit limits on the gold card higher?
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  #99  
Old 03.06.2010, 11:40
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Re: Swiss Credit Cards

No significant differences other than the higher cost of Visa Gold, and better bonus (0.75% instead of 0.5%). Gold calculated better at Comparis.ch, considering my annual spendings.

Still, I just checked their Forex rates and they are about 1% worse comparing to UBS. All in all not a good deal, unless you mainly use your card within Switzerland.
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  #100  
Old 21.01.2011, 17:21
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Re: Swiss Credit Cards

Just a word of advice - avoid Swisscard (Credit Suisse, Coop card provider) by all means. They are so rude. I called them regularly and repeatedly to change my address where the bills should be sent (they got it only 4th or 5th time), but in the meantime I received the bills with delays. And after that every time I have a problem with the cards, they give me a lecture first on how I should pay my bills on time. Feels like secondary school again. Horrible customer service. Try Jelmoli cards, not without problems, but the tone is more client-oriented.
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