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Old 25.10.2019, 12:02
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Credit card deposit required by bank

I just got my B permit after 3 years of G one.
I used to have a Mastercard from my Swiss bank and i was told that, since i was a commuter, I had to leave a deposit for the top up amount of my credit card.
The bank now says that i still need to wait for another year of B permit in order to free my deposit.
Is this common with other banks as well? In alternative what credit card do you suggest?

Thanks!
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Old 25.10.2019, 12:10
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Re: Credit card deposit required by bank

Yes it is quite normal. You could try Corner Card but I suspect they will have the same rule.
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Old 25.10.2019, 13:11
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Re: Credit card deposit required by bank

Yes, is the one i have at the moment...
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Old 25.10.2019, 13:42
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Re: Credit card deposit required by bank

Both Migros and Coop have credit cards. Try them.
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Old 25.10.2019, 13:46
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Re: Credit card deposit required by bank

It may depend on the volume of money moving back and forth onto your account regularly.

When I arrived to Lausanne 9 years ago (B permit), I was brought to UBS (now I know I shouldn't have gone there, it's too expensive...), and they issued my credit card without holding back any kind of deposit.
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Old 28.10.2019, 12:07
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Re: Credit card deposit required by bank

If you hold a credit card issued by the same bank which provides your checking account, you won't normally have to secure your credit card with collateral. If you get a credit card from a third-party card issuer, then securing your line of credit is fairly standard as a C permit holder because the chance that you will leave Switzerland with unpaid card debt is higher.
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Old 28.10.2019, 15:22
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Re: Credit card deposit required by bank

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I was brought to UBS (now I know I shouldn't have gone there, it's too expensive...),
Which bank would you recommend now?
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Old 28.10.2019, 16:57
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Re: Credit card deposit required by bank

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Which bank would you recommend now?
Probably PostFinance or the cantonal bank available in your location. (Combined with a Migros or Coop credit card, if it's not provided in the "low-cost package" of the bank.)

I used to pay like 20 CHF per month to UBS (OK, it included 2 debit and 2 credit cards, and a savings account as well), which is too much, comparing to other options.
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Old 28.10.2019, 17:45
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Re: Credit card deposit required by bank

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Which bank would you recommend now?

If you have 25k and a saving account at Postfinance you pay nothing at all.


I think you are allowed to make few transfers each month but please ask Postfinance how many.



If you want a card, it costs 30 Francs and when it expires, they give you a new one, for free.


I was afraid they will ask 5 Francs each month starting January 2019 but in my case, there is no fee at all.



"Sparkonto", this is what I have.
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Old 28.10.2019, 20:48
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Re: Credit card deposit required by bank

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I used to pay like 20 CHF per month to UBS (OK, it included 2 debit and 2 credit cards, and a savings account as well), which is too much, comparing to other options.

I pay 10 to UBS for the same. I would also change but just haven't got round to it.
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Old 29.10.2019, 13:11
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Re: Credit card deposit required by bank

ZKB didn't want to give my female Polish co-worker a credit card right away.


She was furious ;-)


Was let go in the probation period though, so ZKB was onto something.
Or just a case of a broken clock being right twice a day.
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Old 30.10.2019, 13:17
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Re: Credit card deposit required by bank

Thank you For the info henrikh and filmliebhaber
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