If you're looking for a credit card that isn't tied to a checking account—and you love to travel—the Consors Finanz Mastercard could be a great choice for you. First things first: To avoid any confusion, please note that the Consors Finanz Mastercard is NOT the same as the Consorsbank credit card, as the latter is issued by a different banking institution with a similar name.
Both Consors Finanz (formerly known as “Commerz Finanz”) and Consorsbank are part of the French banking giant BNP Paribas, but they operate completely independently of each other. Below, you'll find the key topics about the Consors Finanz credit card that we’ll cover in detail.
- Background information about Consors Finanz
- All relevant benefits you’ll enjoy as a Consors Finanz Mastercard holder, such as a comprehensive insurance package and more
- Advanced security features when using the Consors Finanz Mastercard
- Fees & terms you can expect with this credit card
- Eligibility requirements for applying for the Consors Finanz Mastercard
- Step-by-step guide to applying for the Consors Finanz credit card
- Important contact details
- Our conclusion
Consors Finanz at a Glance
Consors Finanz is a registered trademark of BNP Paribas S.A. German Branch (a public limited company under French law). The company specializes in consumer loans – particularly for retail and online transactions – as well as financing sales for car, caravan, and motorcycle dealerships.
Their product portfolio includes installment loans, credit card products with credit lines, bullet loans, as well as supplementary insurance and other products offered in partnership with others. Distribution partners include retailers, banks, and insurers of all sizes.
With the launch of their financial Mastercard, the bank now offers a new credit card product that is affordable while combining all the benefits of a traditional bank credit card.
The Benefits of the Consors Finanz Mastercard
This distinction is important because the Consors Finanz Mastercard can only be applied for in conjunction with a valid checking account. However, you can apply for the Consors Finanz Mastercard completely independently of a checking account. If you wish, you also have the option to link it to an existing checking account at your bank.
The Consors Mastercard offers many advantages, such as an exceptionally long repayment period of up to 105 days—a duration you won’t find with any other credit card.
Additionally, withdrawals over 300 euros are theoretically free of charge. However, this only applies if the amount withdrawn is immediately repaid by bank transfer. As a special offer for new customers, you’ll also receive a welcome bonus of 50 euros, which is credited after you use your Consors Mastercard for the first time.
Perfect for Travel
The Consors Finanz Mastercard comes with a standout advantage: there are no foreign currency fees. This feature, combined with an extended repayment period, is something you’ll rarely find with other free credit cards.
With the Consors Finanz Mastercard, you'll have the perfect companion for your trips, especially if you plan to shop a lot or need access to larger sums of money while you're away. If you go over your planned budget, the extended repayment period of up to 105 days really pays off, since unlike with an overdraft, no interest is charged during this time.
That’s why the Consors Finanz Mastercard is perfect for anyone who wants to enjoy an unforgettable vacation and spend a little extra—without having to rely on an overdraft or a higher account limit. Since the Consors Finanz Mastercard saves you the usual interest charges, it’s not really intended for day-to-day use or regular vacations.
Top Security Standards with 3D Secure
When it comes to managing finances, security is absolutely essential in the banking and financial sector. The Consors Finanz Mastercard is committed to this, providing a host of security features such as an EMV chip to protect against misuse and card data fraud, as well as the 3D Secure feature for safe online payments.
If you frequently shop online, the Consors Finanz Mastercard could be the ideal credit card for you, offering maximum convenience as a secure payment method for your online purchases. Especially when it comes to security, the Consors Finanz Mastercard leaves nothing to be desired—whether you prefer to shop offline or online.
The so-called 3D Secure process—which is mandatory for European online merchants—consistently protects your card information while you shop online, right through to checkout and payment. This means your sensitive data is always kept safe and highly encrypted, wherever you use your Consors Finanz credit card.
Attention!
There is one small drawback that unfortunately isn’t immediately obvious. According to official standards, the Consors Finanz Mastercard is not actually a true credit card; instead, it is officially considered and offered as an installment loan.
The principle is easy to explain: with its Mastercard, Consors Finanz basically provides you with a perpetual installment loan; otherwise, the card would simply be called the “Consors Finanz Credit Card”. In practice, this small but important detail generally doesn’t make much difference — but it can matter when it comes to your Schufa score (credit rating).
For instance, if you have an existing line of credit of €5,000 — which matches the card’s maximum credit limit — this can negatively impact your credit rating or Schufa score. It’s important to keep this in mind before applying and making your final decision.
What Are the Requirements for Applying for the Consors Finanz Mastercard?
The requirements for applying for the Consors Finanz Mastercard are pretty much the same as those at other banks. However, there is an advantage – you can link the Consors Finanz credit card to your existing current account.
The most important requirement is that you must have an active current or salary account at a German bank in order to apply for the credit card at all. In addition, you’ll need to show proof of an active and permanent employment relationship by providing three pay slips, as well as proof of your main residence in Germany. Only customers who are of legal age can apply for a credit card.
It’s also important to note that—just like with any other credit card—a good credit rating is a basic requirement for successfully applying for the Consors Finanz Mastercard. You’ll find out why a good credit rating plays such a crucial role in the next section.
Creditworthiness is an important factor
If you always pay your bills on time, never receive payment reminders, and have no outstanding payments with collection agencies or other unusual payment obligations, you most likely have a high credit rating or credit score.
This credit score is determined individually for each person by the Schutzgemeinschaft für allgemeine Kreditsicherung, better known as Schufa, as well as other independent credit protection agencies like CRIF. This means that if you have a good rating with these credit agencies, you don’t have to worry about your application being rejected.
Generally, your bank advisor will carry out all the necessary checks to determine whether you qualify for a credit card. The exact process for these checks is largely confidential. However, it’s safe to assume that your advisor will obtain all relevant credit information from the agencies. If you pass this check, there’s nothing stopping you from getting your Consors Finanz Gold Visa Card.
How to Apply for the Consors Finanz Mastercard
As mentioned earlier, the Consors Finanz Mastercard is a stand-alone product. This means you can use the credit card with your existing current account. To apply for the card, you must be of legal age (at least 18 years old), have a permanent residence in Germany, and show proof of a regular income.
First, you'll be asked to fill out the form with your personal details, such as your name, address, contact information, and information about your occupation and finances. At the end, you'll receive a brief summary of all the details you've entered, which you can review and confirm before submitting them to the bank.
If your application is approved, you’ll soon receive a confirmation email. Your Consors Finanz Mastercard will then be sent to the address you provided within a few days. For security reasons, the card's PIN code will be sent separately, usually a few days after your new credit card arrives.
Contact Information
The customer service team at Consors Finanz is known for providing excellent advice, no matter what your inquiry is about. Please keep in mind that for more detailed questions, you should call customer service during regular business hours. However, if you have an emergency—such as needing to block your credit card—you can reach the team on weekends as well.
If you have further questions about the Consors Finanz Mastercard, you can contact customer service by phone at 02 03/34 69 54-02 or in writing at the following address: Consors Finanz, Schwanthalerstraße 31, 80336 Munich.
Conclusion
Since the Consors Finanz Mastercard is one of the credit cards in Germany with somewhat complex terms and conditions, you should definitely take the time to thoroughly read through the terms and conditions of Consors Finanz. However, if you are comfortable dealing with the various minor drawbacks of this credit card, the Consors Finanz credit card could be a suitable product for you, which you can use alongside your existing current account.
Note: Applying for and using a credit card often involves risks, so you should always make sure to stay up to date on the latest terms and conditions. For more information, please visit the page with the bank’s General Terms and Conditions.
