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Are you looking for a payment solution that is simple, secure, and works entirely through your smartphone? The FLORIN+ card from the MyWage platform may be exactly what you are looking for. In this article, we will explore in detail the main features, financial advantages, application requirements, and how this product works.
Getting to Know the FLORIN+ Mastercard
This is a credit card created by Novum Bank, a licensed and regulated institution within the European Union. This product was specifically designed for workers living in Germany who want a versatile card with fast approval and 100% digital management, without the need to open a traditional bank account.
The proposal is simple: provide a modern payment method that integrates perfectly with your smartphone while maintaining security and flexibility.
Main Advantages
No Annual Fee
Unlike many cards on the market, this one does not charge an annual fee. You can keep the card active indefinitely without any maintenance costs.
Instant Digital Card
As soon as your application is approved, you immediately receive a virtual version of the card in your app. This digital version works instantly for online shopping, transfers, and payments through Apple Pay or Google Pay. Meanwhile, the physical card is produced and shipped by mail, arriving in approximately 14 business days.
Generous Credit Limit
The card offers an initial limit that can reach up to €4,000. This amount is calculated individually according to your financial profile, credit history, and repayment capacity. As you use the card responsibly and pay your bills on time, the limit may increase.
Interest-Free Period
If you pay your full statement balance within the established deadline, you can enjoy up to 7 weeks without interest charges. This is an attractive feature for those seeking payment flexibility.
Installment Payment Options
You do not always need to pay everything at once. If you prefer, you can split your statement into multiple installments. However, interest will be charged on the remaining balance.
Advanced Online Shopping Protection
The card uses 3D Secure technology, an additional security system that protects your online transactions against fraud and unauthorized use.
Euro Transactions Without Extra Fees
All purchases within the eurozone (denominated in €) do not incur any additional conversion fees. For purchases in other currencies, a small exchange fee applies.
Integration with Digital Wallets
You can add the card to both Apple Pay and Google Pay, allowing fast and secure contactless payments simply by tapping your smartphone.
Complete Fees and Features Table
Feature
Information
Annual Fee
None. Completely free
Cash Withdrawals
Allowed, but subject to a 3% fee (minimum €3 per withdrawal)
Cashback Program
Not offered as an integrated benefit
Maximum Credit Limit
€4,000 (determined through credit analysis)
International Purchases (outside the EU)
Allowed with a 2.99% fee on the amount
Monthly Maintenance Fee
Free, with no maintenance costs
Installment Payments
Available, with annual interest rates of 24.6%
Additional Cards
Not available. Only one card per cardholder
Mobile Compatibility
Apple Pay and Google Pay
What You Need to Know About Cash Withdrawals
One limitation of this card is the cost of withdrawing money from ATMs. The 3% fee (with a minimum of €3) makes withdrawals quite expensive, especially for small and frequent transactions.
For this reason, it is recommended to use the card directly for purchases and avoid cash withdrawals whenever possible.
Requirements to Get the Card
To apply and be approved for this credit option, you must meet specific criteria:
Be at Least 18 Years Old
The card is only issued to adults over 18 years old.
Residence in Germany
You must be officially registered as a resident in Germany with a valid address.
Minimum Income
You must prove a monthly income of at least €500 from formal employment (official work contract). Income from freelance work or informal activities does not qualify.
Identity Verification
During the application process, you will complete a video verification. You will need a smartphone and a valid identification document available.
Credit Check
Novum Bank will check your Schufa profile (Germany’s credit bureau). Your financial history will be analyzed, including outstanding debts or negative records.
Can You Be Approved with Bad Credit History?
The answer is: not guaranteed. If you have a negative Schufa history, overdue debts, or credit restrictions, your application may be rejected.
Approval is always subject to Schufa analysis. Applicants with higher-risk profiles may be denied.
If this is your case, consider:
Resolving outstanding debts first
Waiting a few months for negative records to become less recent
Trying again later
How the Application Process Works
The process is completely digital and only takes a few minutes:
Step 1: Initial Registration
You access the MyWage platform and complete a form with your basic personal information: name, date of birth, address, phone number, and employment details.
Step 2: Video Verification
You will be asked to complete a video identification call. During this step, you show your ID document (passport or ID card) to the camera. This usually takes between 2 and 5 minutes.
Step 3: Credit Analysis
Novum Bank checks your Schufa report based on the information you provided. This process can take a few hours up to one business day.
Step 4: Response
You will receive an email informing you whether you were approved or rejected. If approved, your digital card becomes available for immediate use. If rejected, you will receive an explanation of the reason.
Step 5: Receiving the Physical Card
If approved, the plastic card will be mailed to you and should arrive within 10 to 14 days.
After Approval: What to Do Next
Activate Your Digital Card
As soon as you receive approval confirmation, the virtual card is already active in your app. You can start shopping immediately.
Wait for the Physical Card
The plastic card will arrive by mail. Once received, you will need to activate it. Usually, this is done directly through the app.
Configure Your Payment Methods
Add the card to Apple Pay or Google Pay according to your preference. This makes purchases even more convenient.
Understand Your Credit Limit
Your initial limit will be displayed in the app. Use this amount as a reference for your purchases. Remember: the more responsibly you use the card, the higher your future limit may become.
Know Your Payment Deadlines
Understand exactly when your monthly statement is due. Try to pay the full balance to benefit from the interest-free period.
Advantages and Disadvantages: A Summary
Advantages:
No annual fees
Fast approval (sometimes on the same day)
Digital card available immediately
Easy management through the app
Compatible with Apple Pay and Google Pay
Up to 7 weeks interest-free
Generous credit limit compared to other options
Disadvantages:
High ATM withdrawal fee (3%, minimum €3)
High installment interest rates (24.6% annually)
No integrated cashback program
No additional cards for dependents
No travel insurance benefits
Requires proof of formal income
Who Is This Card Best For?
People Who Prefer Digital Solutions
If you like managing finances through your smartphone and want to avoid bureaucracy, this is your card.
Formally Employed Workers in Germany
Do you have an official employment contract? Then you already meet one of the main requirements.
People Who Want Fast Approval
If you need a card within hours instead of days or weeks, FLORIN+ delivers exactly that.
Shoppers Within the Eurozone
Are most of your purchases in euros? Then you benefit from zero conversion fees.
People Seeking Payment Flexibility
Do you want the freedom to choose between paying in full or in installments? This card offers that flexibility.
Security-Conscious Users
The 3D Secure technology provides peace of mind for online shopping.
Comparison with Other Options
Different cards offer different benefits. FLORIN+ stands out because of its speed, lack of annual fees, and digital management. However, it does not offer cashback or rewards points like some alternatives.
The right choice depends on your priorities: if you want simplicity and speed, it is excellent. If your focus is earning points or cashback, there may be better alternatives.
Frequently Asked Questions
How Long Does It Take to Receive the Card?
Approval can happen the same day. The physical card arrives within 10 to 14 business days after approval.
Can I Withdraw Cash Without Paying Fees?
Technically yes, but the 3% fee makes it expensive. It is recommended to use the card directly for purchases.
What Is the Maximum Credit Limit?
The limit can reach up to €4,000, but your specific amount depends on your individual credit analysis.
Can I Use It Everywhere?
Yes, it is a Mastercard and works wherever Mastercard is accepted. It also works with Apple Pay and Google Pay.
Is There a Daily Transaction Limit?
There is no limit on the number of transactions, only the credit limit available on your card.
How Can I Increase My Limit?
By using the card regularly and paying your bills on time, Novum Bank may automatically increase your limit after a few months of positive history.
Is It Possible to Have More Than One Card?
No, the program only allows one card per cardholder. Additional cards are not available.
Conclusion
The MyWage FLORIN+ Mastercard is a modern and practical option for people seeking a hassle-free credit card. Its biggest strengths are speed, ease of smartphone management, and the absence of annual fees.
If you are formally employed in Germany, have a good credit history, and want a card that works primarily through your smartphone, this is a sensible choice.
However, if your priorities are earning rewards points, getting cashback, or enjoying benefits such as travel insurance, you may want to explore other options.
