Because of the often higher income, credit card providers often offer doctors interesting offers. Higher availability limits and premium additional services are not uncommon.
The advantages of a credit card
All medical professions, especially doctors, can get special conditions when opening and managing a current account at selected banks that specialize in the medical professions. The differences in credit cards are sometimes manageable, and what matters most are the services that are offered together with the credit card.
It is particularly important that all acceptance points worldwide can pay without additional fees. During a vacation and thus a break from the responsible everyday life of the medical profession, this ensures that they do not have to restrict themselves abroad.
Advantages of credit cards for medical professionals are therefore particularly evident in the usually high availability limits, which are based on the equally high salary of doctors. The cards can be used on holiday or on international business trips due to the worldwide use of the cards. Those who travel abroad particularly often should make sure that withdrawing cash is associated with little or no fees. In the event of a loss, it is good to know that the credit card has a zero liability clause, which ensures that unauthorized payments do not have to be carried out independently, provided the loss is reported in good time.
Many of the offers also include additional partner cards, which are valid at least for the spouse or wife, regardless of their profession. Some providers even offer two more partner cards for their own children. These offers are optional, but usually involve either reduced or omitted annual fees.
Prepaid or full credit card?
In the case of doctors, this question can be answered quite simply: it must be a full credit card!
Prepaid cards are primarily suitable for people with poor creditworthiness or for adolescents or young adults, but neither applies to the medical profession. Also, because doctors like to spend their time away from work abroad, the amount of available funds must also be large enough to be able to use the credit card to pay for at least the hotel, flight and expenses on site.
What are the expected costs?
The costs are set by the bank and secondly by the credit card institute, for example Visa or MasterCard. As a rule, both appreciate the good creditworthiness of the doctors, especially in combination with the very secure professional situation. Doctors can therefore expect credit cards with no annual fees.
Many providers even advertise other attractive benefits , such as certain bonuses or a cashback program. In some cases, credit cards for doctors also cooperate with other companies or service providers, where discounts are granted when paying with a credit card. With regard to the cost structure and the conditions, doctors can therefore draw on their full resources and use the entire breadth of the market.
What other extras should you look out for?
The benefits and extras, along with their importance, are always a question of personal preferences. Due to the often high availability limit, doctors should ensure that the cards have the appropriate security standard. Contactless payments without entering a PIN are usually only possible for small amounts, for example up to a maximum of 25 or 40 USD, depending on the conditions of the provider.
It is also helpful to look out for insurance policies that may be provided with your credit card. This is not occupational insurance, but above all policies for stays abroad could be interesting, especially if they also cover the protection of family members.
Careful documentation of credit card sales must also be given, because doctors can also claim many costs as a freelance tax. Via connected online banking, you also keep an overview of your expenses and balances, also between patients and a stressful and responsible everyday work routine. You should be able to choose the PIN yourself on the credit card.
Please note that the choice of credit cards for doctors is relatively limited and this is usually only given by banks that only look after clients from health care professions. Therefore, it is usually necessary to demonstrate that you are a medical doctor in order to enjoy all the benefits and benefits.