Credit Cards and Mobile Payments Statistics
The following Statistical Data have been accumulated from researching the internet of governmental and institutional resources, including but not limited to – Statista.com, Consumer Financial Protection Bureau, The Nilson Report, McKinsey & Company- Global Payment Report 2019, European Central Bank, TCdata 360, Cardrates.com, Debt.org
Source: Multifacetedgirl/ pixabay.com
More Americans are Visa cardholders than Mastercard or American Express in 2019. Visa is the most popular credit card company in the world (123 countries).
Source: Peggy_Marco/ pixabay.com
World’s first cashless country. 80% of Swedes use a card to pay for purchases. Even Swedish children use debit cards to pay for purchases.
Source: QuinceCreative/ pixabay.com
In the Euro Area (Data of 2018), point of sale (POS) terminals have increased by 11.2% (10.5 million) as well as an increase in number of cards issued with payment function 4% (544Million) and increase in card transactions by 13% (total value €8 trillion) with average value per transaction of 44€.
Source: 12019/ pixabay.com
American household credit card debt continues to grow. Since 2015 to Q2 2019 it has increased by 31% . As of June 2019, the average credit card debt per household is $8,398. That is a total of 128 million Americans carrying a total of $1.07 trillion in credit card debt as of June 2019.
Source: Kjrstie/ pixabay.com
Alaska residents of all states in the US, carried the highest average of credit card debt among the states $10,685. The lowest being Iowa with an average household credit card debt $6726 in 2019.
Source: Open Clipart-Vectors/pixabay.com
Highest country ranking for people over 15+ years who have a credit card is 58% ( Data from2017).
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Popular Credit Cards for Travel and Shopping
Popular Credit Cards for Travel and Shopping
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Updated July 12, 2020
Wells Fargo Propel American Express® Card
Annual Fee $0
Bonus Sign Up 20,000 points when you spend $1,000 in the first 3 months of account opening ($200 cash value), Introductory APR 0% on purchases and balance transfers for 12 months
Winner: NerdWallet’s Best-Of-Award for 2 years
Foreign transaction fees 0%
Returned Payment/Check Fees up to $37
Returned Payment/Check Fees up to $37
Purchases Introductory Offer 0% APR for first year, after 1 year 14.99%- 24.99% APR
Balance Transfers 0% Introductory APR for 12 months, after 1 year APR 14.99%- 24.99% Balance transfer fee $5 or 3% of transaction amount in first 120 days of account opening, after that $5 or 5% transaction amount
Cash Advance 23.99%- 25.99% APR Cash Advance Fee $10 or 5% transaction amount
Overdraft Protection Advances 23.99%- 25.99% APR Overdraft Protection Advances Fees $12.50 for total daily advance amount is $50 or less, $20 for total daily advance amount is more than $50
Minimum Interest Charge $1.00 if you are charged interest
Late Fees up to $37
Bonus Points/ Cash Back earn 3X points in categories restaurants, gas stations, transit, flights, hotels, car rentals and select online streaming services , earn 1X points on all other purchases, Unlimited points to earn, No expiration
Redeem points for travel (through Go Far Rewards, No blackout dates), cash redeemable in $25 increments only by phone/online and $20 cash reward increments by Well Fargo Debit/ATM card, gift cards. Note- Must have at least 2,500 points before redeeming.
Travel Insurance Protection Yes/ Car Rental Insurance Yes/ Shopping Protection Yes/ Extended Warranty/ Cell phone Protection Yes with less a $25 deductible and maximum benefit limit $600 per claim, twice/year and also Entertainment tickets through American Express Pre-sales.
Recommended as best card for no fee travel credit card with high rewards /cash back for variety of spending categories and flexible redemption options.
Bank of America Premium Rewards
Annual fee $95
Bonus Points Offer 50,000 ($500 value) when you spend $3000 in purchases in first 90 days of opening account
Winner of BEST Rewards Credit Card, USA Today
No Introductory APR
Foreign transaction fees 0%
Purchases Variable 15.99% – 22.99% APR
Balance Transfers Variable 15.99% – 22.99% APR Balance Transfer Fee $10 or 3% oftransaction amount
Cash Advance Variable 18.99% – 25.99% APR Based on creditworthiness when open account for Direct Deposit and Check Cash Advances
Cash Advance Fee $10 – $12 or 3- 5% of transaction amount
Bank Cash Advances 27.24% (Cash Advance types: ATM, Over-the-Counter, Same-Day Online, Overdraft Protection and Cash Equivalents
Penalty up to 29.99% APR (applied when you make a late payment)
Late fees up to $40 Returned Payment fees up to $29
Bonus Points/ Cash Back Unlimited Points to earn, No expiration on points, 2 points/$1 spent on travel and dining purchases, 1.5 points/$ spent on all other purchases
Travel statement credit Up to $200 in combined Airline Incidental and TSA Pre✓®/ Global Entry statement credits
Travel Insurance Protection Yes, Travel Insurance Protection, Shopping Protection, Visa Signature Services
Recommended as one of the Best Premium Travel Credit Cards out there.
Apple Card
Annual Fee $0
Offer Interest-free Monthly Installments with your next iPhone for 24 months, Also Limited Time offer until 6/30/2020, $50 signup in Daily Cash Apple Card when you buy $50 at Walgreens within first 30 days of opening your account
Foreign transaction fees 0%
Purchases APR 10.99% – 21.99%
No Late fees, No returned payment fees, No over-the-limit fees
Monthly Installments APR 12.49% – 23.49%
Penalty Fees 0%
Balance Transfers APR – Not offered
Cash Advance Variable APR – Not offered
Points Offer/ Cash Back 3% purchases from Apple (Apple Store, Apple.com, App Store, iTunes), using Apple Card with Apple Pay at Uber, Uber Eats, Walgreens, Duane Reade, Nike and T-Mobile US. 2% purchases using Apple Pay, 1% all other purchases using Apple Card.
Daily Cash (redeem any amount as soon as earned starting at $1) is transferable via ACH Bank Transfer 1-3 business days or debit card -1% (of transfer amount) instant transfer to a debit card fee. No expiration.
Features Spending History Real-time, Spending Trends weekly or monthly, Map your Spending, Colorized categories, Smart Payment suggestions, Instant purchase notification, Apple Card payment due end of the month, customer support by texting 24/7,
Mastercard benefits for Apple Card customers include Zero Liability Protection, ID Theft Protection, Complimentary membership ShopRunner, Complementary access Mastercard® Travel & Lifestyle Services
Travel Insurance Protection/ Rental Insurance/Worldwide Concierge Services/Phone Protection – No
Apple-designed Titanium Credit Card issued by Goldman Sachs Bank USA, Salt Lake City Branch and Mastercard as Global Payment Network. The Apple Cash Card issued by Green Dot Bank, Member FDIC.
Recommended for the first time user credit card that are budget savvy with one of best in low annual percentage rate (APR).
Uber Visa Card
Annual Fee $0
Bonus $100 Uber Cash after spending $500 on purchases in the first 90 days
Foreign transaction fees 0%
Purchases Variable APR 15.74%, 21.74%, 26.49%
Balance Transfer APR 15.74%, 21.74%, 26.49% Balance Transfer Fees $10 or 3% of transfer amount
Cash Advance Variable APR 26.74% Cash Advance fee $10 or 3% of transfer amount
Late Fees $39 (varies by state)
Returned Payment Fee $39
Minimum Interest Charge $0.50, if you have an interest charge
Points Offer 5% cash back in Uber Cash on Uber, Uber Eats and JUMP purchases. 3% cash back on Hotels and vacation rentals, airfare and restaurant, fast-food restaurants and bars. 1% cash back on everywhere that is not included in the other categories. Cash Back can be redeemed for products and services in the Uber apps. No expiration.
Travel Insurance Protection – As Uber Platinum Visa Cardmember, Auto Rental Collison Damage Waiver is offered for most vehicles for rental periods within your country of residence for 15 consecutive days or out of residence country for 31 consecutive days. Roadside Assistance Program offered. As a Uber Visa Signature Cardmember included additionally Travel and Emergency Assistance Service, up to $1500 Trip Cancellation and Trip Interruption Insurance, and Travel Accident Insurance.
Supplemental Mobile Phone Protection Insurance coverage up to $600 theft/damage for cell phone
Uber Credit Card is issued by Barclays pursuant to a license by Visa USA Incorporated. These are the new product changes to the Uber Visa Credit Offer and the existing Uber Credit Card customers will be converted to the new benefits in 2020 depending on date of account opening and account status.
Recommended for Uber Aficionados and has one of the best welcome bonus offers for a no annual fee travel credit card
Chase Freedom Unlimited® Card
Annual Fee $0
Bonus Cash Back Offer $200 Cash Back after you spend $500 on purchases in the first 3 months of account opening
Foreign transaction fees 3%
Purchases Variable APR 14.99%- 23.74%
Bonus Sign Up Offer Introductory APR 0% Balance Transfer for the first 15 months of account opening, Intro APR 0% Purchase for the first 15 months, My Chase Plan Fee 0% while in Intro Purchase APR period
Balance Transfer Fee Introductory Fee $5 or 3% of each transfer amount for transfers made within 60 days of account opening, after that $5 or 5% of each transaction amount
My Chase Loan APR 14.99% – 23.74% My Chase Plan Fee 1.72% each purchase amount transaction selected to My Chase Plan
Balance Transfers APR 14.99% – 23.74% Balance Transfer Fee $5 or 5% of transfer amount
Cash Advance APR 24.99% Cash Advance Fee $10 or 5% of transaction amount
Late fees up to $39
Returned Payment Fees up to $39
Over-the Credit-Limit Fee None
Minimum Interest Charge None
Returned Check Fee None
Maximum APR 29.99%
Points Offer/Cash Back Earn unlimited 1.5% Cash Back on every purchase. Rewards do not expire . No minimum to redeem for cash back as cash, gift cards, travel or service/products through Chase Ultimate Rewards®
Travel Insurance Protection Yes /Shopping Protection Yes – Zero Liability Protection, Fraud Protection and Alerts, Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Trip/Baggage Delay Reimbursement, Travel Emergency Assistance Services, Purchase Protection up to 120 days/up to $500 per claim/ $50,000 per account, Extended Warranty Protection
Features $1 Cash Back rewards = 100 points, Customer support 24/7
Perks Complimentary 3 months of DashPass/ 50% Discounted DashPass from DoorDash for 9 months, 3.5% Cash Back on qualifying Lyft rides through 03/2022, earn $100 for each friend referral’s approved card (up to $500 per year)
Recommended a great value and sign-up bonus card with flexible Cash Back, just a best total value travel and spending credit card.
Disney® Visa® Card
Annual Fee $0
Bonus Sign Up Offer $50 statement credit after first purchase with new Disney Visa Card
Foreign transaction fees 3%
Purchases APR 15.99%
Annual Membership Fee for Disney Premier Visa Card $49
Bonus Sign Up Offer Disney Premier Visa Card $200 statement credit on $500 purchases in first 3 months of account opening
Special Vacation Financing Promotional 0% APR for select Disney Vacation Packages Financing for 6 months, after that APR 15.99%
Balance Transfers APR 15.99% Balance Transfer Fee $5 or 3% of transfer amount
My Chase Loan APR 15.99% My Chase Loan Fee 1.72% of the purchase amount transaction to My Chase Plan
Cash Advance APR 24.99% Cash Advance Fee $10 or 3% of transaction amount
Late Payment Fees up to $15 (balances less than $100), up to $27 (balances $100-$250), up to $37 (balances more than$250)
Returned Payment Fees up to $37
Over-the- Credit-Limit Fee None
Returned Check Fee None
Points Offer earn 1% (or $0.01) in Disney Rewards Dollar for every $1 spent in qualifying purchases at Disney locations or at gas stations, grocery stores or restaurants, (for Disney Premier Visa Cardmembers – 2% in Disney Rewards Dollar for every $1 spent). Redeem for Disney goods and services at most Disney Locations. (for Disney Premier Visa Cardmembers ONLY can redeem the Rewards Dollars for Airline Statement Credit towards any airline travel purchased with this card – minimum $50 request), Customer Service 24/7 available. Note – Order a Disney Redemption Card at least 3 weeks prior to park/ resort visit to make redeeming dollars easier and Reward Dollars in your account that are not transferred to a Redemption Card or applied as Airline Statement Credit will expire 5 years after the month they were first earned. Reward Dollars transferred from Account to a Redemption Card will never expire.
Redeem Reward Dollars toward Airline Travel Not available
Travel Insurance Protection not offered but The Disney Chase Signature Visa Credit Card does offer travel insurance and signature card services.
Perks include 10% Merchandise Savings and 10% discounts at most restaurants. Also discounts for guided tour, spa and salon at Disney Theme Parks and Resorts, as well as Character Experience Photo Opportunity, Also earn 100 Disney Rewards Dollars for each friend referral’s approved Disney Visa Card (up to 5 friends/year), invitation Cardmember events at Disney Store.
The Disney Visa Credit Card and Disney Premier Visa Card are issued by JP Morgan Chase Bank, NA.
Recommended as a good card for Disney Aficionados and for planning a big vacation to Disney theme parks/ resorts with more time to pay
Amazon Rewards Visa Signature Card
Annual Fee $0
Bonus Sign Up $50 Amazon gift card instantly upon approval
Foreign transaction fees 0%
Purchases APR 14.24% – 22.24%
Balance Transfers APR 14.24% – 22.24% Balance Transfer Fee $5 or 5% of transfer amount
My Chase Loan APR 14.24% – 22. 24% My Chase Plan Fee 1.72% of purchase transaction amount to My Chase Plan
Cash Advance Variable APR 24.99% Cash Advance Fee $10 or 5% transaction amount
Maximum APR 29.99% to Purchase/My Chase Loan/ Balance Transfer/ Cash Advance
Minimum Interest Charge None
Return Check Fee None
Late fee up to $39
Return payment fee up to $39
Points Offer/Cash Back 3% (or 5% back with eligible Prime membership) purchases from Amazon.com and Whole Foods Market 2% Restaurants, Gas stations and Drug stores, 1% all other purchases
Redeem points – no minimum balance to redeem, redeem through purchases at Amazon.com, Cash Back, gift cards and travel (through Chase Travel Center 1-855-234-2538), no expiration on points
Travel Insurance Protection Yes, as well as Auto Rental Collision Damage Waiver, Shopping Protection (Zero Fraud Liability), book accommodation in Visa Signature® Luxury Hotel Collection, complimentary Visa Signature® Concierge Service
Issued by JP Morgan Chase Bank, NA and Visa Global Payment Network and so it can be used anywhere Visa is accepted.
Recommended for Amazon Aficionados that love to online shopping with flexible redemption options who are not interested in Prime Membership.
Marvel Mastercard
Annual Fee $0
Bonus Sign Up $25 Statement credit after first purchase with new card
Foreign Transaction Fees 3%
Purchases APR 14.99%, 19.99%, 24.99%
Balance Transfers Not offered
Cash Advance 29.99% APR Cash Advance fee $10 or 5 transaction amount
Late Fees up to $27 (if paid total minimum payment prior 6 billing cycles), $37 (if failed to pay total minimum payment in any of the prior billing cycles)
Minimum Interest Charge $2 of interest in any billing cycle with interest remaining
Points Offer/ Cash Back earn 3% on dining, entertainment/ Amusement Parks, online at Marvel.com and Marvel’s Official Merchandise Booths. Earn 1% on all other purchases. Cash Back will be paid as statement credit.
Perks- 10% off purchases at MarvelShop.com or Marvel Avengers S.T.A.T.I.O.N., Free Shipping from MarvelShop.com at selected times of the year, free 3 months Marvel Unlimited membership with access to digital comics online subscription to 25,000+ Marvel Comics.
Special discount on Marvel Unlimited or Marvel Digital Comics,20% off tickets to Marvel Avengers S.T.A.T.I.O.N. at box office (not online and up to 4 tickets per cardholder)
Travel Insurance Protection No
Issued by Synchrony Bank pursuant to a license by Mastercard.
Recommended for Marvel Superheroes Aficionados!
Discover it® Cash Back Card
Annual Fee $0
Bonus Sign Up 0% introductory APR for 14 months
Foreign Transaction Fees 0%
Purchases APR 11.99% – 22.99%
Balance Transfers APR 11.99% – 22.99%
Balance Transfer Fee 3% Introductory Fee when posted by September 10, 2020 with 0% APR balance transfer, after that Balance Transfer Fee 5% of transfer amount
Cash Advance APR 24.99% Cash Advance Fee $10 or 5% transaction amount
Minimum Interest Charge $0.50 if you are charged interest
Late Fees First time none, after that up to $40
Returned payment Fee up to $40
Points Offer/ Cash Back – earn 5% cash back at different shopping categories at different times of the year (Amazon.com Target and Walmart.com, grocery stores, drugstores, gas stations, restaurants, PayPal) up to $1,500. Also, earn unlimited 1% cash back on all other purchases. For new card members cashback match promotional offer will be posted to the account after first 12 consecutive billing periods of the cash back rewards that was earned, will be matched. No expiration and redeem in any amount.
Travel Insurance Protection No/ Purchase Protection No/ Discover® Identity Alerts Yes
Recommended as one of the best credit cards in everyday spending and cash back in rotating rewards categories
American Express Blue Cash Preferred® Card
Annual Fee $95
Bonus Sign Up Offer $300 back as statement credit when you spend $1,000 in purchases in first 3 months of account opening
Foreign transaction fees 2.7%
Purchases APR 12.99%- 23.99%
Bonus Sign Up Intro APR 0% on Purchases and Balance Transfer for 12 months. Also 0% Introductory Plan Fee on each purchase moved into the plan in first 12 months.
Impact of COVID-19: December 1, 2019 – May 31, 2020 for eligible Card accounts approved, the Welcome Bonus Offer extended additional 3 months
Balance Transfers APR 12.99%- 23.99% Balance Transfer Fee $5 or 3% of transfer amount
Cash Advance APR 25.24% Cash Advance Fee $10 or 5% of transaction amount
Penalty APR 29.24%, if make one or more late payments or returned payment.
Late Fees up to $40
Returned Payment Fee up to $40
Over-the-Limit Fee None
Points Offer/ Cash Back- earn 6% cash back at supermarkets up to $6,000 in purchases/year, after that, 1% cash back. 6% cash back on select US streaming subscriptions. 3% Cash back on transit, gas stations. 1% Cash Back on all other purchases. Reward Dollars are redeemed as statement credit with minimum balance $25. Some times offered other options to redeem such as gift cards or merchandise.
Travel Insurance Protection Yes (Travel Accident Insurance, Global Assist® Hotline, Car Rental Loss and Damage Insurance, Roadside Assistance, Entertainment Access)/ Shopping Protection- Yes (Return Protection limited to purchases up to 90 days and $300 per item and up to $1,000 per card member per year).
Perks- Free membership ShopRunner, Destination Family with bookings made through American Express Travel), Lowest Hotel Rates Guarantee.
Features fixed monthly plan for big purchases with no interest charges, just a fixed monthly fee. After first year of account opening with 0% plan fee, each purchase moved into a plan will have a plan fee 1.19% of purchase. Customer service 24/7, online chat available
Recommended as one of the best value in cash back rewards credit card especially for groceries, public transportation and gas
Citi Prestige® Travel Rewards Card
Annual Fee $495 and Authorized User Annual Fee $75
Bonus points sign up 50,000 after spending $4,000 within 3 months opening account.
Foreign Transaction Fee 0%
Purchases APR 16.99% – 23.99%
$500 redeemable in travel with no blackout dates when booked through ThankYou Travel Center.
Balance Transfers APR 16.99% – 23.99% , balance transfers completed within 2 months of account opening Fee $5 or 3% of amount transferred
Cash Advances APR 25.24% Fee $10 or 5% of amount of cash advance
Citi Flex Plan APR 16.99% – 23.99%
Penalty APR up to 29.99%
Late Fees up to $40
Returned Payment Fee up to $40
Rewards Points Offer/ Cash Back 5X points for Air Travel and Restaurants, 3X points for Hotels and Cruise Lines, 1X all other purchases. Note No expiration for ThankYou Points, however shared points expire 90 days after shared date and 60 days for a closed account
Travel Benefits include VIP lounges access, Global Entry or TSA Pre✓® Application Fee Credit up to $100/5 years, Travel credit up to $250/ calendar year, Hotel 4th night complimentary stay with booking at ThankYou.com, Points Transfer to selected airline loyalty programs
Travel Insurance Protection No as of September 22, 2019 (Worldwide Car Rental Insurance, Baggage / Trip Delay Protection, Roadside Assistance Dispatch Service, Travel & Emergency Assistance)
More Perks Citi Prestige Concierge, Banking Relationship Annual Credit – Citigold clients can earn $145 statement credit automatically, Cell Phone protection up to $1500/ 12 months and maximum liability $1000/ claim when pay your monthly bill using this card, Citi Entertainment special access to purchase tickets
Security Features include Identity Theft Solutions, $0 Liability on Unauthorized Purchases, Fraud Detection and Early Warning
Recommended for frequent travelers
Capital One Quicksilver® Rewards Card
Annual Fee $0
Bonus Sign Up Offer $150 cash after spending $500 within 3 months from opening account.
Foreign Transaction Fee $0
Purchases APR 15.49%,21.49%, 25.49%
Introductory Offer 0% APR for Purchases and Balance Transfer for the first 15 months of account opening
Balance Transfers APR 15.49%, 21.49%, 25.49% Fee 3% of each amount transferred
Cash Advance 25.49% Fee $10 or 3% of cash advance amount
Penalty Fees Late Fees up to $39
Points Offer/ Cash Back Rewards 1.5% cash back. Rewards do not expire, Note: no rotating bonus categories
Travel Insurance Protection Yes, Travel Accident Insurance, 24-hour Travel Assistance for card replacement and cash advance, Complimentary Concierge Service
Other Perks Extended Warranty on Purchases, Wikibuy (online shopping tool), Paribus (online savings tool), Access to Culinary, Music and Sports events
Security Features Virtual Card Numbers and Account alerts from Eno® , $0 Fraud Liability, CreditWise®
Recommended as an everyday no annual fee cash back rewards and international travel credit card
Schwab Bank High Yield Investor Checking® Account
Schwab Bank Visa® Platinum debit card
Charles Schwab Bank Investor checking account is FDIC insured, fee-free when linked to a Schwab One® brokerage account (Investing Account) at the same time.
There is no minimum Balance Required ($0) to waive monthly fee when apply also for the brokerage account.
Fees no minimum to open account, monthly fees none, overdraft fee none when covered by linked Schwab brokerage or Schwab Bank savings account
Fees Yes for returned checks due to insufficient funds $25 each with maximum $100 per day, fee for returned deposit $5 each, rush delivery for debit cards $15+, cashier’s check request $10 per check
Current Interest rate and Annual Percentage Yield (APY) is 0.03%
Online banking- free bill pay, transfers domestic only with no fee, Schwab Mobile Deposit service, free standard checks, link to compatible mobile devices for contactless payments.
ATM withdrawals unlimited within USA and foreign countries, no foreign transaction fees or currency conversion fees, automatically reimbursed fees charged by other banks, daily limit for Charles Schwab debit card is $1,000, no fee for debit card and replacements.
Free Service included travel and emergency services assistance, Price protection, Warranty manager
Fund your account? Through mobile check deposit, direct deposit, mail deposit, wire transfers, ACH transfers from linked bank account or Schwab accounts
NOTE: Account opening in the first 30 days of the deposit/ transfer can take up to 5 business days before the funds become available. Also, not all Schwab branches can accept deposits or help with bank transactions
Recommended as one of the best online checking account and debit card for overseas travel.
Capital One® 360 Checking® Account
360 Checking MasterCard® Debit Card
Fees no monthly recurring charges, no maintenance fees, open account with no minimum balance, free first book of checks (afterwards $7 per 50 quantity /$11 per 100 quantity checkbook), free incoming domestic wire transfer.
ATM withdrawal 38,000 fee- free ATMs nationally through AllPoint ATM network, ATM withdrawal are limited $1,00 per day. Total card purchases and withdrawals are limited to $5,000 per day.
Foreign Transaction fees none with debit card use abroad
Overdraft Protection 4 options Auto-Decline, Next Day Grace, Overdraft Line of Credit, and Free Savings Transfer.
Fees Yes, Rush Debit Card delivery $25, Overdraft Protection – Next Day Grace $35 per overdraft transaction (up to 4 times a day), outgoing domestic wire transfer up to $30,cashier’s check $20 online with overnight shipping/$10 in branch, Stop payment $25, Statement copy charge $5 per statements within 2 years
Current Interest Rate and Annual Percentage Rate (APY) 0.10% with account balances $0 – $100,000+
Online Banking FDIC insured– bill pay, mobile deposit check and 4 optional overdraft protection plans, automatic deposits, track My Savings Goal progress, Instant alerts, “Send Money with Zelle” (person-to-person transfer)
Transfer funds? Cash deposits and Wire Transfer funds available same business day, checks available up to 5 days, ACH deposits available second business day, Mobile deposits available next business day
Recommended as the best in overall online checking account for overseas travel with great tools, good customer support and flexible overdraft feature.
Chime Online Banking
Fees no monthly maintenance fees, no service fees,
Minimum balance required none, No deposit required
Foreign transaction fees none
Overdraft fees none up to $100 without charging a fee (SpotMe – a fee-free service within the app for Chime members with total monthly direct deposits $500+. Chime will spot you up to your limit when your debit card purchase exceeds your balance.)
Online Banking Transfer money for free between friends with Chime Bank accounts, send and deposit checks, pay bills
Automatic Savings automatically round up when you make a purchase or pay a bill and moves it into the autmatic saving account app. Limit to number of transfers from Savings Account to a Spending Account to 6 per month. Remember as with federal regulations that once you close your Savings Account, cannot open a new one for 90 days. Current interest rate and Annual Percentage Yield (APY) 0.01%
ATM withdrawals at 38,000+ fee-free MoneyPass® & Visa® Plus Alliance ATMs, (ATM Finder in the Chime app), free debit card/ replacement
Features track account balances, notifications for debit card transactions, send money instantly, deposit paper checks with photo, direct deposit and get paid up to 2 days earlier depending on payer’s support.
Recommended for best in online banking for saving with a friendly SpotMe no-fee overdraft feature up to $100
N26 Online Banking
Fees Basic accounts no monthly fees, no minimum balance,
2 Premium accounts N26 Metal, N26 Black
Foreign transaction fee none
ATM withdrawals get 2 free/month
N26 Business Account for freelancers and self-employed free to open with no account management fees, offer free ATM withdrawals in all currencies and 0.1% cash back on all purchases
Berlin- Based Fin tech company came to USA in August 2019. USA N26 debit cards work on the Visa Newtwork unike its European branch that works on the Mastercard Network.Also, In USA, N26 partnered with Axos Bank, so Axos is your bank FDIC insured and N26 act as mediators between customers and their banks.
Transfer money Apps (with optional debit cards)
Source: Mohamed_Hassan/ pixabay.com
Money Transfer Apps make sending money and receiving money in
different currencies and countries all over the world, fast and flexible.
They offer a more user friendly interface with instant notifications, as well as saving you time and money with more reasonable fees. Many make shopping online easier, since you can use these apps with contactless payment of a stored card, bank account, credit/debit/ prepaid cards or even offer a digital credit line.
Although these online money transfer services are relatively safe, there are always concerns about being secure with your data.
Tips for Using Credit and Debit Cards while Traveling Abroad
Santorini, Greece. Source: Micelleraponi/ pixabay.com