- Up to 5.000 € limit with instant online verification
- Digital credit card available right after application in the app
- Flexible repayment
- Apple Pay & Google Pay
Ferratum Credit Card Review: Our Assessment for 2026
The Ferratum Credit Card (now operating under the Multitude brand) is a Mastercard credit card designed for customers who may not qualify for mainstream bank cards — including those with SCHUFA entries. In this review, we analyse the card’s features, costs, application process, and who it’s actually suitable for.
Ferratum (Multitude Bank p.l.c.) is primarily known in Germany for its short-term micro-loans through the Ferratum XpressCredit product. The credit card is an extension of their service portfolio, targeting customers who need a payment card with a flexible credit line rather than a traditional bank product.
Ferratum Credit Card: Key Features at a Glance
How We Rate the Ferratum Credit Card
Costs and Fees: What Does the Ferratum Card Cost?
The Ferratum Credit Card’s fee structure has changed over time as the company rebranded from Ferratum Bank to Multitude Bank. Here’s what you need to know about the current cost structure:
The card may carry an annual fee depending on the specific plan offered at the time of application. Unlike fully free cards like the TF Bank Mastercard Gold, the Ferratum card’s value proposition is less about zero fees and more about accessibility — the ability to get a real Mastercard credit card when other providers have rejected you.
Foreign transaction fees and ATM withdrawal charges may apply depending on your plan. Always check the current fee schedule on the Ferratum/Multitude website before applying, as these can change.
Tip from GIROMATCH
If you qualify for a free credit card (like the TF Bank Mastercard Gold or Instabank Credit Card), try those first. The Ferratum card makes most sense if other applications have been rejected due to SCHUFA issues — it serves as a fallback option where mainstream cards aren’t available.
The Application Process
Applying for the Ferratum Credit Card follows a similar process to their loan products:
Step 1: Online application — Complete the application form on the Ferratum/Multitude website. You’ll provide personal details, address, employment and income information.
Step 2: Credit assessment — Ferratum reviews your application. Unlike traditional banks that rely heavily on SCHUFA scores, Ferratum uses its own risk assessment model that considers additional factors beyond your credit bureau data.
Step 3: Identity verification — Complete Video-Ident or another accepted identification method.
Step 4: Card delivery — Once approved, your Mastercard is shipped to your registered address. Virtual card access may be available sooner for online payments.
Pros and Cons of the Ferratum Credit Card
Advantages
- Available to customers with SCHUFA issues — one of the few real credit cards accessible in this situation
- Mastercard network — accepted at millions of merchants worldwide
- Fully digital application process
- Part of a regulated EU bank (Multitude Bank, MFSA-licensed)
- Own credit scoring beyond SCHUFA — considers your full financial picture
- Can help rebuild credit history with responsible usage
Disadvantages
- May carry annual fees (unlike free alternatives like TF Bank)
- Foreign transaction and ATM fees may apply
- Credit limit is typically modest at first
- Interest rates on revolving balances tend to be higher than mainstream bank cards
- Customer service primarily in German
- Fee structure has changed with rebranding — always check current terms
Who Is the Ferratum Credit Card Best For?
The Ferratum Credit Card fills a specific niche in the German market:
People with SCHUFA problems: If negative SCHUFA entries have blocked you from getting a credit card elsewhere, Ferratum is one of the legitimate options. They assess risk more holistically than traditional banks.
Credit rebuilders: Using a real credit card responsibly — making purchases and paying on time — can help improve your credit profile over time. The Ferratum card gives you this opportunity when others won’t.
Existing Ferratum customers: If you already have a relationship with Ferratum through their loan products, the credit card can be a natural extension with a simplified application process.
Not ideal for: Users with good credit who qualify for free premium cards, frequent international travellers who need zero foreign transaction fees, or anyone looking for rewards/cashback programs. In those cases, the TF Bank Mastercard Gold or other free cards on our comparison are better choices.
Ferratum vs. Alternatives
About Ferratum / Multitude Bank
| Company name | Multitude Bank p.l.c. |
| Company type | Bank |
| Address | Not available |
| Website | ferratum.de/ |
| service.de@ferratumbank.com | |
| Phone | Not available |
| Not available | |
| Hours | Not available |
| Social Media | Not available |
| English support | No |
| Specialty | Sofort über Geld verfügen |
| Commercial register | Not available |
| AEMIP member | No |
Ferratum was founded in 2005 in Helsinki, Finland and has since grown into Multitude SE, a publicly listed European fintech group. The banking operations run through Multitude Bank p.l.c., licensed and regulated by the Malta Financial Services Authority (MFSA). The company operates in over 20 countries and serves millions of customers across Europe.
In Germany, Ferratum/Multitude is best known for its XpressCredit micro-loan product, which has been available since 2012. The credit card was added later as part of the company’s broader financial services portfolio.
Frequently Asked Questions
Yes. The Ferratum/Multitude credit card is specifically designed to be accessible for customers with SCHUFA issues. The company uses its own risk assessment model that goes beyond traditional SCHUFA scoring, considering additional factors like income stability and payment behavior.
Yes. Ferratum operates through Multitude Bank p.l.c., a licensed bank regulated by the Malta Financial Services Authority (MFSA). The parent company, Multitude SE, is publicly listed on the Helsinki stock exchange. The company has been operating in Germany since 2012 and serves millions of customers across Europe.
Ferratum rebranded to Multitude in recent years. Ferratum was the original brand name; Multitude SE is now the parent company, and Multitude Bank p.l.c. is the banking entity. The products and services remain essentially the same — the Ferratum credit card and XpressCredit loans continue under the Multitude umbrella.
The online application takes about 10–15 minutes. After submitting your application and completing identity verification (Video-Ident), you typically receive a decision within a few business days. Card delivery takes an additional 5–10 business days after approval.
If you have a reasonable credit history, yes — cards like the TF Bank Mastercard Gold (free, with travel insurance) or the Advanzia Mastercard Gold offer more features at no cost. However, these cards require a standard credit check. The Ferratum card’s advantage is accessibility for customers who’ve been rejected elsewhere.
Our Verdict: Is the Ferratum Credit Card Worth It?
The Ferratum Credit Card is a solid fallback option for people who can’t get a credit card through mainstream channels. If SCHUFA issues are blocking you, it’s one of the few legitimate paths to a real Mastercard. The trade-off is potentially higher costs compared to free cards like TF Bank.
Our recommendation: try free cards first (TF Bank, Advanzia, Barclays). If those reject you, Ferratum is a legitimate next step. Use it responsibly to build your credit profile, and you may qualify for better cards in the future.
Updated: Mai 2026
