At Iberia Finance, our credit cards are designed to work seamlessly with your account, so you can see your spending, track your budget, and manage repayments all in one place.
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The Cards We Offer
We keep our range simple and focused. Rather than flooding the market with dozens of variations, we offer a small number of cards, each built for a different type of user.
The Standard Card is our everyday card. It is designed for people who want a reliable, low-cost card for daily spending, with no annual fee and clear terms. It is a good fit if you mainly use your card for groceries, transport, subscriptions, and online purchases.
The Plus Card is built for people who travel or spend across currencies. It offers better exchange rates, no foreign transaction fees up to a monthly threshold, and additional travel-related benefits. If you regularly pay in more than one currency, this card is likely the better choice.
The Premium Card is our top-tier option. It includes higher credit limits, enhanced rewards, airport lounge access, travel insurance, and priority support. It carries a monthly or annual fee, but for frequent travellers and high spenders, the benefits often outweigh the cost.
Each card is available as a physical card, a virtual card, or both. Virtual cards are issued instantly and can be used for online payments, subscriptions, and anywhere you want an extra layer of security.
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How Our Credit Cards Work
When you apply for an Iberia Finance credit card, we assess your application based on your income, your existing financial commitments, your account history with us, and information from credit reference agencies. If approved, you receive a credit limit, which is the maximum amount you can borrow at any one time.
When you make a purchase, the amount is added to your balance. Each month, we send you a statement showing your transactions, your current balance, the minimum payment due, and the payment due date.
You can choose to pay the full balance, which means no interest is charged on purchases. You can pay the minimum, which keeps your account in good standing but means interest accrues on the remaining balance. Or you can pay any amount in between.
We also give you tools in the app to set spending limits, freeze your card, categorise your spending, and receive real-time notifications, so you always know where you stand.
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How We Use Credit Cards in Our Ecosystem
At Iberia Finance, the credit card is not a standalone product. It is one part of a connected financial experience.
Because your card is linked to your Iberia Finance account, your card spending feeds directly into your budgeting tools. If you set a monthly budget for dining, for example, your card transactions are automatically counted against it. If you are saving towards a goal, you can see how your card spending affects your progress.
Your card also works with our payment controls. You can whitelist trusted merchants and blacklist ones you do not want to use. You can set custom limits for different categories. You can freeze your card instantly if it is lost or if you notice something suspicious.
We also use card data, in anonymised and aggregated form, to improve our services and to detect fraud. This is done in accordance with our Privacy Policy and GDPR Compliance Statement.
In short, we use the credit card as a tool that helps you understand and control your money, not as a way to encourage you to spend beyond your means.
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How We Price Our Credit Cards
Pricing is where many credit card providers lose trust, so we try to be as clear as possible.
There is no annual fee on the Standard Card. The Plus Card has a modest annual fee, and the Premium Card has a higher annual fee that reflects the additional benefits it includes. These fees are shown clearly before you apply and are charged annually unless stated otherwise.
Interest is charged on any balance you carry beyond the interest-free period. Our rates are competitive and are disclosed in your card agreement and in the app. If you pay your full balance each month, you pay no interest on purchases.
Cash withdrawals typically carry a fee and accrue interest from the day of withdrawal, as is standard across the industry. We disclose this clearly so there are no surprises.
Foreign transactions on the Standard Card carry a small conversion margin. The Plus and Premium Cards offer more favourable rates, with the Premium Card offering the best terms for frequent travellers.
Late payments may incur a fee, and repeated late payments may affect your credit rating. We would rather help you avoid this than profit from it, so we send reminders and offer flexibility where we can.
All fees and charges are listed in our Pricing page and in your card agreement. If anything is unclear, you can contact us at [email protected] and we will explain it.
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Rewards and Benefits
We believe rewards should be simple and genuinely useful. Depending on your card, you may earn:
– Cashback on everyday spending
– Points that can be redeemed for travel or statement credit
– Discounts with selected partners
– Travel insurance and purchase protection
– Airport lounge access on the Premium Card
Rewards are credited automatically and can be viewed in the app. There are no confusing tier systems or hidden expiration dates. What you earn is yours.
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Security and Protection
Security is built into every Iberia Finance credit card.
Every card is protected by encryption and real-time fraud monitoring. You can freeze and unfreeze your card instantly in the app. You can set spending limits and receive alerts for every transaction. Virtual cards add an extra layer of protection for online spending.
If your card is lost or stolen, you can report it in the app and we will issue a replacement. You are protected against unauthorised transactions in accordance with applicable law and card network rules.
We also monitor for suspicious activity and may contact you if we notice something unusual. This is done to protect you, not to inconvenience you.
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Applying for a Credit Card
Applying for an Iberia Finance credit card takes only a few minutes. You can apply through the app or on our website.
You will need to provide some personal and financial information, and we may ask for supporting documents. We run a credit check as part of the application, and we assess affordability to make sure the card is right for you.
Most decisions are made quickly, though some applications take longer if we need additional information. If approved, your virtual card is issued instantly and your physical card is delivered to your registered address.
If we decline your application, we will tell you why where we are permitted to do so, and you can contact us if you have questions.
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Using Your Card Responsibly
A credit card is a tool, and like any tool, it works best when used responsibly.
We encourage you to pay your full balance each month where possible, to set a budget and stick to it, and to use our app tools to stay on top of your spending. If you find yourself struggling, contact us early. We would rather work with you than see you fall into debt.
We do not encourage overspending, and we do not design our products to trap people in cycles of debt. Our goal is to give you a card that supports your financial life, not one that complicates it.
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Fees at a Glance
To summarise, the main fees you may encounter are:
– Annual fee, depending on your card
– Interest on carried balances
– Cash withdrawal fees
– Foreign transaction margin, depending on your card
– Late payment fees
– Replacement card fees
Full details are available on our Pricing page and in your card agreement. If you have any questions, contact [email protected].
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Contact Us
For all credit card inquiries:
Email: [email protected]
Subject Line: “Credit Card Inquiry”
Support: Available 24/7
For billing and pricing:
Email: [email protected]
For general support:
Email: [email protected]
For careers:
Email: [email protected]
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Final Thoughts
A credit card should give you flexibility, protection, and clarity. At Iberia Finance, we have built our cards to do exactly that, with transparent pricing, useful tools, and none of the hidden tricks that make credit cards frustrating.
Whether you are choosing your first card or looking for something better than what you have now, we are here to help you use credit well, and to make your financial life simpler in the process.
