[Review] Boursorama Ultim card + Referral link to get 130€
To be sponsored when you create an account at Boursorama and get 130 €, click here.
In addition to offering very interesting banking services for travelers, neo-banks such as N26 and Revolut have another merit: they force other banks to wake up
It is now the Boursorama bank that is issuing a new card: the Boursorama Ultim card, very interesting for travelers.
It interests me all the more since Boursorama has been my main bank for several years.
EDIT December 2020: Boursorama has just launched the big sister of the Ultim card: the Ultim Metal card. The Ultim Metal card costs 9,90 € / month and doesn’t bring much new. But to make room for it, Boursorama had the bad idea to downgrade the Ultim offer. Withdrawals at the ATMs in foreign currency are now limited to 3 per month. Beyond that, it will be necessary to pay 1.69% in fees. The Boursorama Ultim card being 100% free, it remains interesting but it was better before 😉
How much does the Boursorama Ultim card cost?
First interesting information: the Boursorama Ultim card is free of charge and this without any condition of resources (which is the case for other cards at Boursorama).
Only constraint: you must make at least one payment per month (withdrawal, online payment, TPE…) with the card. In the case of constraint, you will be subject to a “penalty” of 9 €. This isn’t very constraining, unless you stay for a long period in a country where bank cards are little used.
When creating your account, you will need to make a first payment of 500 €.
Withdrawal fees ? Payment fees ? Exchange rate applied ?
It’s all good!
Withdrawals are free, in France and abroad.
Payments are free of charge, in France and abroad.
There is still a ceiling of €920 withdrawal over 7 days and €3,000 payment over 30 days. This should be enough in most cases but it is still to be known.
The exchange rate that is applied is the official Visa rate, without Boursorama margin.
EDIT December 2020: withdrawals in foreign currency are now limited to 3 per month. Beyond that, 1.69% fees will be charged.
Visa or Mastercard?
The Boursorama Ultim card is a Visa card.
Insurance limited to 90 days
Like most bank cards, the Boursorama Ultim card entitles you to insurance.
Classically, you are only covered for the first 90 days abroad. It is therefore essential to take out specialized insurance such as Chapka for a long trip.
A mobile application not fantastic
Although it has evolved recently, Boursorama’s mobile application isn’t as fluid and does not offer as many possibilities as N26 and Revolut
You can still change the limits of payments and withdrawals, block your credit card if necessary, …
The biggest flaw in my opinion: 3D secure isn’t managed through the application. Boursorama will send you validation codes by SMS, so you absolutely must keep a French number
Another point: Boursorama does not send you a notification every time there is a movement on your account (payment made, money withdrawal, transfer received, …). Notifications which are very convenient on N26 or Revolut.
A rather long account opening procedure
Even if everything is done online, the procedure for opening an account to obtain a Boursorama Ultim card is more constraining than with neo-banks such as N26 or Revolut.
Boursorama will ask you for a copy of your identity document, a bank account number, proof of address. These documents will then have to be validated.
Once the validation is done, you must make a transfer of 500 € to your account to validate the registration (this amount will obviously be available as soon as the Boursorama account is opened).
So the whole procedure takes a good week, there is still some work to do to match the ultra simplified process of the competitors.
This is a French account
N26 is a German bank, Revolut is an English bank, so you have to declare these foreign accounts to the tax authorities.
It’s not very complicated but it’s still a constraint.
Since Boursorama is a French bank, you won’t have this constraint with the Ultim card.
Compatible with Apple Pay / Google Pay / Samsung Pay
For the most technophiles among you, the Boursorama Ultim card is compatible with the main telephone payment solutions, I think it’s great too.
A sponsorship offer that can bring you 130 €
Already having a Boursorama account, I can sponsor you.
By being my godchild, you will receive €80 when you open the account plus €50 if you decide to make Boursorama your main bank.
That is a total of 130 € very appreciable.
To be sponsored, you can click here.
A very nice packaging and design
Even if it’s not very useful, receiving a beautiful object is always nice. The packaging of the card is very neat and the design of the card is very nice and original.
In conclusion
The Boursorama Ultim card will probably become very popular among travelers.
- It is 100% free as long as you use it at least once a month
- No withdrawal or payment fees in France or abroad
- The real exchange rate applies
- It is a French bank
- It is compatible with Apple Pay, Google Pay, Samsung Pay
Only small defects :
- Payment and withdrawal limits may be a little tight on the day you have big expenses to make
- The mobile application is still perfectible
Apart from these two little flaws, it’s all good!
To be sponsored when you create an account at Boursorama and get 130 €, click here.
FAQ
