Swissquote card usecase

[Onassis]

As someone who has tons of EMI accounts and cards but primarily uses Revolut with its Premium plan (due to no-fees currency exchange), I simply fail to see the point of getting a Swissquote card, especially considering it costs 100 EUR/CHF/USD per year.

Am I missing anything?

 

[Sols]

AFAIK, Revolut's cards have lower transaction limits since they are debit cards. If you need to make a payment over a few thousand EUR/CHF/USD, would you be able to do that with a Revolut card? For example, no problem paying for a 12,000 EUR/CHF flight or hotel/resort stay with a Swissquote card.

And I think you get reduced trading fees from using the card with Swissquote.

For just currency conversion (and perhaps limited to smaller transactions), there is perhaps no advantage.

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This is the probably the answer to your question.

 

[PinkCat]

I've paid up to 8k EUR with revolut card online, no problem.
About swissquote, I thought they are primary trading platform, not bank? In other threads here they say they accept incoming wires only from accounts under your own name, so no actual transactional bank?
Is that true and other than having high limits why is their card good?

 

[Sols]

PinkCat said:
About swissquote, I thought they are primary trading platform, not bank? In other threads here they say they accept incoming wires only from accounts under your own name, so no actual transactional bank?
Click to expand...

Swissquote is indeed not suitable as a transactional bank for transacting with third parties.

PinkCat said:
Is that true and other than having high limits why is their card good?
Click to expand...

Maybe if you trade a lot with Swissquote, the 0.50% or 1.00% trading credit makes it worthwhile?

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This is the probably the answer to your question.