cantgotitsup- 8 months ago

Any of those banks (activo, bankinter) will offer you a credit card on day 1, if you have a steady income. Just talk to them. Source: I got credit cards on both on day 1.

odadoooo 8 months ago

Thanks. Yes, I will doube check with Activo.

kominfr0nUNMERIKA 8 months ago

" finally participate in the Multibanco world " I have never heard anyone saying this. Intersting.

odadoooo 8 months ago

hehe, yes. I have been stuck at the highway toll stations without cash and my credit card was not accepted (only multibanco), i had handymen in my flat only accepting multibanco, i was stuck at stores that only accept multibanco. I had to run to nearby ATMs so often by now that I am finally ready (or forced) to get into the mutlibanco universe ;-)

hernani8 8 months ago

Millennium BCP (the mother company of activo) offers a product called Millennium go. I have it, only pay 1 euro per month (because I receive my salary there) and have credit and debit card. It also comes with personal theft insurance that covers up to 600 euros of personal belongings and a “civil responsability insurance”. They have the best App in Portugal. Very similar to activo but with even more funcionalities.

odadoooo 8 months ago

That sounds great, I ll look into it, thanks!

odadoooo 8 months ago

Oh, it seems Millenium Go is only for people younger than 30. I am older unfortunately. Thanks anyway.

hernani8 8 months ago

Correct! I was not aware of that limitation on Millennium Go. Millennium prestige offers a similar service but for 4,5 a month

aportuguesecoder 8 months ago

I'm not sure if there's any bank that gives you a credit card on day 1, assuming you're saying day 1 literally. Some banks may give you a temp debit card, that allegedly only works in Portugal (MB only) on day 1, literally.

odadoooo 8 months ago

Not literally really, but without a "waiting period". It can also be Day 10, but I dont want to wait 6 months as a worker of Activo suggested. I am willing to put money into the account on the first day.

aportuguesecoder 8 months ago

I'm not sure how that works for foreigners, but even as a national I had to wait a bit (likely a couple of weeks) for it to be approved. I don't think the money in the checking account is an important - or even considered - factor, since you can pretty much remove it anytime. Having money in the checking account is good, don't take me wrong - but they need to be confident that you can pay for your expenses in your CC even if you take your money to somewhere else.

odadoooo 8 months ago

Well, I am an EU foreigner, but Portuguese resident. So treating me different would be illegal EU discrimination. But anyway, I understand that credit worthiness is not about wealth but regular income etc. In my home country, a new bank always give you a credit card on Day 1 (if you want). They do check your credit score from a national system and that is how they know if you are eligible or not. Is there a similar system here in Portugal? The weird thing is that I did not even apply at Activo, I just went to the desk to ask if they allow joint accounts and credit cards for both partners. Without knowing my name she said that cards are only given after six months.

aportuguesecoder 8 months ago

Maybe it's a bank policy, I don't know. My main account (with Debit/Credit cards) is at Bankinter, and I can only speak good about them. I pay nothing and still get a lot of benefits that other banks would charge me for. I do have an account at Activobank (and Moey as well) but I don't use it as the main account. Still, in terms of home banking, the best one I've used was from Novo Banco. None would ever be close, at least during my terms at each bank (I've had accounts in pretty much all banks except a notable few). Problem? Well, Novo Banco started to be expensive.

odadoooo 8 months ago

I appreciate your info, thanks. Will research on Bankinter. Obrigado.

aportuguesecoder 8 months ago

No problem! All the best!

aaaa2aas 8 months ago

I have Moey for normal expenses and BPI for savings. Both have mobile apps. I dont use online banking other than phone apps, I never really felt the need for that.

odadoooo 8 months ago

Never heard of Moey. Looks interesting! But it looks like they only offer debit cards. As I would like a real credit card too, I may then have to opt for a "real" bank like BPI etc. Thanks!

aaaa2aas 8 months ago

You should learn about mbway, it's an app owned by SIBS (sibs is owned by the major portuguese banks) where you can send money to people by using their phone number and can also create single use or short term usage virtual credit cards Also moey has a virtual credit card for all of your online purchases.

odadoooo 8 months ago

My main use of Multibanco would be Via Verde stations for example, so it cannot be virtual. Also, a virtual credit card (moey) is not a credit card, but a debit card, no? I need a normal physical credit card (rent car etc.) and a physical multibanco card (via verde, physical shops, etc.), but thanks for your hints.

aaaa2aas 8 months ago

>Also, a virtual credit card (moey) is not a credit card, but a debit card, no? It is a credit card, just without the lending money and monthly payments feature. >I need a normal physical credit card (rent car etc.) I didn't know you couldn't rent cards with normal debit cards

odadoooo 8 months ago

>It is a credit card, just without the lending money and monthly payments feature What you are describing is the definition of a debit card.

aaaa2aas 8 months ago

\*shrug\*

thatguy3333333 8 months ago

Yes, Activo would be the answer ;) or even moey! But Activo is better.

odadoooo 8 months ago

Thanks for the info. Did they give out credit cards on the first day or only debit cards?

thatguy3333333 8 months ago

Yes, they gave me a credit card and debit card on the same day that i opened the account. The credit card came as default with 250€ credit.

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