Flexible repayment credit card

Choose between different credit cards

• All payments that you make with your credit card are collected by the credit card provider and by yours on the agreed date account debited. This option has the advantage that you can see at a glance what you have spent on what amount.
• On the other hand, with this option you must always have enough capital in your account so that the direct debit can also be carried out by the credit card company. As an alternative to this payment option, some credit card providers are now offering a credit card with flexible repayment.

Agree on the possibility of flexible repayment

In contrast to the immediate payment of the credit card bill, you can use a Credit card Agree with flexible repayment when and in what amount the credit card statement should be paid. There are both advantages and disadvantages to this:

• If you agree with your credit card provider that you pay the credit card bill in installments, then you could lose track of things relatively quickly. If you are only paying a credit card statement in installments, it is not particularly difficult to keep track of things. However, if there are additional bills that you would like to pay in installments, then these can be changed Collect installment amounts to a not inconsiderable amount, but regularly every month from your account is debited.
• The credit card providers charge for the installment payment interest charges. As a rule, these interest rates are much higher than the interest rates for the Banks are. For this reason, you should find out about the interest rates from the credit card company and your bank beforehand. It could be cheaper for you if you take out a small loan from your bank and use it to pay your credit card bill.


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• The possibility of paying the credit card bill in installments encourages you to buy items that you couldn't actually afford at the moment. This increases the risk of getting into debt.
• Should the money be tight at a certain point in time - for example, because the motor vehicleinsurance has been debited - then the flexible repayment offers a good chance of not having to overdraw your own account.
• Furthermore, many credit card providers offer their customers to choose the amount to be repaid themselves. It goes without saying that the amount must not fall below a certain amount. This also prevents the current account from being overdrawn.