What is a Visa card payment

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Questions about credit cards

How does a credit card work?

Credit cards are issued by banks or credit institutions. As the holder of a credit card, you have a monthly credit limit with which you can make payments worldwide. How high this credit limit is is contractually stipulated at many credit institutions. With some credit card companies and banks, the amount depends on your income. The credit card can also be linked directly to your checking account. Another variant is the prepaid credit card, which is managed on a credit basis.

Most credit institutions and banks create a monthly statement that summarizes all of your expenses since the last invoice. The total at the end of the settlement is called the total balance. Often this amount is paid by means of a SEPA direct debit or by bank transfer. If the outstanding balance is paid in full on the respective due date, no interest will be charged. Many banks and credit institutions now offer their customers the option of paying the outstanding card balance in installments. In this case, interest will be charged on the outstanding amounts. In the case of a credit card with a current account, the sales are debited directly to the current account. With the prepaid credit card, the sales are offset directly against the credit on the card.

Where can I pay by credit card?

As a credit card holder, you can make cashless payments anywhere in the world. Credit cards are specially designed for international payment transactions and so they are accepted far more often abroad than giro cards. The ICS Visa World Card is one of the most widely accepted credit cards worldwide. The credit card is a popular and secure means of payment, especially when booking hotel rooms, flights and rental cars, but also at petrol stations and restaurants. With your ICS Visa credit card you can pay wherever the Visa acceptance mark is shown. Of course also in Germany, where credit card payments are now one of the most common payment methods.

You can also withdraw cash from many ATMs abroad with a credit card. Depending on the card and bank, costs may be incurred. With the ICS Visa World Card you do not pay any fees for cash withdrawals abroad, for example. There is only the fee for foreign assignments of 2% of sales in countries without the national currency, the euro. In addition, the ATM operator may charge fees that are not reimbursed by ICS, regardless of ICS.

What is the difference between a credit card and a checking card?

The checking card is also often called a bank card and is directly linked to your checking account. For payments or withdrawals, you have the amount in your account at the time. Depending on the bank or your income, there is also a so-called overdraft facility, i.e. an amount by which you can "overdraw" your account. If you pay with your giro card or withdraw money, the amount will usually be debited from your account within a few days. The use of bank cards is often limited to a specific, locally restricted payment network. If you would like to use the card abroad, this is often only possible to a limited extent or only in certain countries.

In these cases, credit cards are an interesting alternative. In contrast to bank cards, credit cards are also accepted abroad. You can use them to withdraw money as well as to pay for goods and services.

Who can apply for a credit card?

In order to be able to apply for a credit card in Germany, you have to meet three basic requirements in most cases.

Residence in Germany

To apply for a credit card from a German credit card company or a German bank, you must have registered your place of residence in Germany. The main reason for this are liability claims by the banks, which otherwise cannot be asserted.

Minimum age 18 years

In Germany you must be of legal age in most cases to apply for a credit card, as minors are not yet considered legally competent persons under German law. Other requirements apply to prepaid credit cards. Young people aged 14 and over can apply for this.


The creditworthiness describes the ability and willingness of a debtor to meet his future payment obligations in full and on time. Only applicants who can prove their creditworthiness can receive a credit card in Germany. The credit check is usually based on the check of income and salary, as well as using the Schufa information or other credit agencies. This is a specific number of points on a scale from 1 to 100, which is made up of several personal details and your individual credit history. The lower the Schufa value, the less creditworthy an applicant is. Credit institutions and banks protect themselves against payment defaults by checking the creditworthiness. Other criteria apply to prepaid credit cards, as these are managed on a credit basis and therefore there is no risk for the bank.

Apply for the Visa World Card