How cards work

At CaixaBank we offer a wide variety of cards so you can choose the one that best suits your financial needs.

  • How do credit cards work??

With a credit card, you pay for your purchases without using your account balance. Your card has an assigned credit limit (a maximum monthly amount you can spend) and at the end of the agreed settlement period (usually each month) you have to pay the amount you have used for your purchases. You can customise the repayment terms for your credit card and pay off what you have spent weekly, monthly, or another specific day you determine ( every time you have €500 available, for example). If you pay off all your credit by the agreed payment date you do not pay interest.

On the other hand, you can change the payment method of your card to deferred payment (paying only an amount of the (used) credit every month) -+ info in Deferred payment (Revolving) - or payment in instalments (dividing the payment of a specific purchase over several months). In both cases you will have to pay interest.

You can see the usual prices for frequent banking services (Annex 1) at https://www.caixabank.es/particular/general/tarifascomisiones_es.html

In the following video we explain how and when to use a credit card with the end of the month payment modality or when changing it to deferred payment:

  • In addition to credit cards, we also have debit and prepaid cards. Do you know about them?

With your debit card you pay for your purchases using your account balance. You thus need to link an account to the card (the account does not necessarily have to be a CaixaBank account). If you plan to use a debit card for your purchases, it is important to know that if you do not have money in the account, you will not be able to make purchases, as purchases are charged instantly against the account balance. With the debit card you can make purchases (in physical shops and online) and withdraw cash from ATMs. 

A prepaid card (also called a wallet card) is similar to a debit card because when you pay for purchases you use your own money and not the money we lend you (as when using a credit card). Unlike the debit card, however, the prepaid card is not associated with any bank account. It is simply a card onto which you reload money (whatever amount you want) and that you can use until the balance loaded has been used up. You can reload the balance again as many times as you like, so you can always control your spending. 

If you are not yet sure what card you need, in these two videos we explain each type of card and its particular characteristics to help you decide:

Sign up process

Discover what each of the cards is like

Here we answer the most common questions

Useful links

You can obtain more information about cards by accessing these useful links:

Do you want to check how much you know about cards? Take our quiz

1. With a credit card with the end-of-month payment modality

I pay for purchases with my account balance when making them

I pay for purchases on credit and repay the credit drawn down with the balance of my account at the end of the agreed settlement period. With interest

I pay for purchases on credit and repay the credit drawn down with the balance of my account at the end of the agreed settlement period. Without interest

2. Paying with a credit card means paying interest:

True. Paying on credit means paying associated interest

False. I will never pay associated interest

It depends. If I repay all the credit drawn down during the settlement period, I will not pay interest at the end of the agreed settlement period. If I choose to pay by deferred payment, paying a monthly fee for this, I will pay interest

3. A revolving card is:

A deferred payment card that involves paying interest

A card that allows me to pay on credit without interest

A debit card

4. Can I start contracting a card and think about it before signing?

 

Yes. We will maintain the financial conditions offered to you for three days

No. Once you start the contracting process, you must finish it by signing the contract. If you leave it half-way, you must start again