REKA card user reviews

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  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

What is your take on the REKA payment card? Is it useful in Switzerland? Does it save money like REKA checks?

 
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  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4017

Hi there,

The REKA card is a debit card which can be used to settle payments at REKA partner merchants.

The main benefit of using this card is that you get a 2% discount on the face value of your money when you load your card via online banking, postal deposit slip, Posfinance card or American Express credit card. Example: CHF 980 buys CHF 1000 worth of Reka credit. You pay regular tag prices when you use the card at REKA partners with no markup.

Another advantage is that you do not lose money on unexact payments. Because merchants do not always give you change when you use REKA checks worth more than the purchases you make, you can end up losing money. This doesn't happen when you pay with the REKA card.

However, there are a few disadvantages to using the REKA card as opposed to REKA checks:

1. You can potentially get bigger discounts on REKA checks. For example, if you are a Coop Supercard member, you get a 3% discount on REKA checks purchased at Coop stores. Manor Mycard holders also get a 3% discount on REKA checks purchased at Manor or Jumbo.

2. Using a REKA card generates records of your purchase behaviour. Using REKA checks, on the other hand, does not.

3. Credit cannot be bartered or sold the way that REKA checks can. You can convert your REKA card credit into REKA checks, but a fee of CHF 10 is charged.

4. The card has an annual fee of CHF 12 (CHF 6 for supplementary cards). You don't pay an annual fee to use REKA checks.

Important: REKA money - either in the card or check form - is only accepted by specific merchants in Switzerland. You cannot use a REKA card to settle payments outside of Switzerland or at Swiss merchants which are not REKA partners.

Best regards from Moneyguru

More on this topic:
Swiss credit card comparison
11 Tips for Getting Cheaper Hotel Stays
Cheaper Skiing in Switzerland: 11 Tips
How to Use Swiss Credit Cards to Save on Car Rentals

 
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  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4017

You can find detailed information about using the Reka card in the guide to using Reka money in Switzerland.