As we have seen through these pages, revolving credit today exists mainly in two forms; the one allowing the transfer of funds from the cash reserve to the bank account, and the one, more practical and more reactive, of using the sums made available in the revolving credit through the use of the credit card, thanks to the option “on credit”.
And so it is this second way that we are going to speak here. Indeed, while many finance companies still prefer the traditional system, banks have opted mainly for the blue card option. Among the banks mentioned on this site, all, without exception, favor this behavior. It is true that it is much simpler and less anxious to know that one has funds immediately, even if one knows that one will have to pay interest on the sums used, in case of serious unforeseen events or requiring an immediate reaction.
What are the revolving credit cards?
First of all, it’s important to understand that these blue cards work like conventional credit cards. Whether Visa or Mastercard, they have exactly the same functions. In addition to the payment and withdrawal, the insurance included with the subscription of these credit cards are as complete in their version backed by the revolving credit, as in their normal version.
In fact, these cards have something extra. Thanks to an option or an extension (free) subscribed with your advisor, you can then pay or withdraw money on credit. The funds will not be debited from the current account, but from the revolving loan account. And the sums debited there will give rise to monthly payments on your current account, so as to replenish the reserve of money.
Of the institutions we talked about, almost all have their credit card option. The People’s Bank and the Savings Bank offer exactly the same benefits, with their Facelia and Izicarte cards. It must be said that the two entities are grouped within the BPCE group, and it makes sense to find in each of them identical products, marketed under a different name. It even goes to the word game surrounding the name of the service. Bank Hume opted for the French language (Easy = Facelia) when the savings bank chose English (Easy = Izicarte). But both names voluntarily show that the use of the thing is simple.
Postecbank was simple, precisely. By not giving a particular name to his credit card. This is just an extension to settle or withdraw directly on revolving credit.
Regarding the name of the card, it is unclear what wanted to play the Credit Agricole. The fact remains that the name of the credit option on the credit card is quite complicated to say: Cart’Lib. Like what, the game of abbreviations is not always about …
Like Banque Postale, the LCL did not think it necessary to baptize its credit card option. We will simply note that this possibility exists, as in others.
Are credit cards blue bank specific?
At first glance one could lean for an answer in the affirmative. However, this is not the case systematically. For example, if funding agencies do not always offer credit card backing, they can still do so. This is the case of Calimme. Thus, the CreditCole subsidiary distributes its own Visa cards, which it named after its revolving loan: Agile. In fact, for any revolving subscribed, you have the possibility to use it directly with the linked Visa card. Be careful though, we are not in online banks, and these blue cards have a cost, including at Calimme.
So, if you have to subscribe to a revolving credit from your bank, the added option will not increase the annual fee for the credit card you already have. But if you have to subscribe to the same revolving loan from a finance company, consider that you will also have to pay the linked blue card you receive. It is often offered the first year. But not the following years.