"Switzerland is a country full of banks". Although this is a joke, Switzerland's banking industry is really developed. According to the proportion of population, Switzerland has the largest number of banks. As early as 1999, there were 334 banks and 2,98 branches in China, with an average of 1 bank branch for every 2,3 people. One in every 7 residents works in a bank, and the banking industry has created 11% of GDP. Due to the developed banking industry, almost everyone in Switzerland has several bank cards.
In Switzerland, savings cards similar to domestic debit cards not only don't charge an annual fee, but even don't charge the cost of the card. Correspondingly, the functions of this card are naturally less, and it is mainly used for depositing and withdrawing money.
Swiss credit cards not only charge an annual fee, but also are naturally expensive because of their complete functions. Take UBS, the largest bank in Switzerland, as an example. The management fee for a conventional credit card is 5 Swiss francs in the first year and 1 Swiss francs every year from the second year. The annual fee of a gold card is twice that of an ordinary credit card, that is, 1 Swiss francs in the first year and 2 Swiss francs in the second year. If you apply for a Visa card with a foreign currency account, it will cost 65 euros in the first year and 13 euros in the second year.
in addition to the traditional inherent functions such as deposit and withdrawal, overdraft, etc., the credit card of UBS has many additional functions such as accident insurance and car rental guarantee. Users who hold a UBS credit card will automatically get a free travel accident insurance. If the cardholder goes out by public transport and suffers from accidental disability or death, he can get a compensation of up to 3, Swiss francs, and those who hold a gold card can get a compensation of up to 6, Swiss francs. The credit card issued by UBS can be used all over the world, and enjoys a high degree of credibility. It can rent a car at a preferential price without guarantee in many cities around the world. Credit cards are also available for paying rent, utilities and inviting guests to dinner. UBS's credit card can also be used as a half-price card for railways and highways after paying relevant fees.