New Cembra Mastercard

Finance, Taxes, Banking, Insurance and Retirement
21
Cembra was the backend for the Migros card, handling all the transactions and splitting the commission with them. Until Migros decided to drop Cembra and go with their own card through their own bank. The share price dropped substantially on the news and I guess this is Cembra now fighting back.

22
According to this to me it looks like the new card is mostly full of disadvantages. Especially their foreign currency fees are huge, definitely no online outside of CH purchases to be made.

If you forget to make the monthly payment the fees are huge... overall advantages seem negligible as compared to potential downsides...

23
comparing with the old COMULUS cc, almost all charges increased (e.g., payment reminder increased to 30.- from 20.-) .

Comparing with Swisscard cashback duo cc, I do not see any advantage. Similar high charges. American Express cc is accepted by coop/migros/sbb as well with 1% cashback.

24
Huh! Looks to me to be the otherway around?

25
Cembra sent me the new card in the mail without me doing anything. Not sure I want it and find this annoying as now have to go through the hassle of canceling it.

In the meantime got the new Cumulus from Migros, straightforward online process, not difficult at all. Took a couple of weeks start to end.

26
I got the new card and was happy to receive it without doing anything. You can simply destroy the card if you don't want it.

27
What do you mean?

28
Yep, idea being that people who have their Cumulus registered at lots of online places might keep the Cembra card as the account number is the same.

29
I think you might be misunderstanding it as I did initially.

The new cembra Mastercard is replacing the old cumulus Mastercard but Migros has introduced a new card which has better conditions than the cembra card.

30
Can I still use the old Cembra Cumulus Mastercard to to collect Migros points until end of its validity ?

.. Or do I have to switch to the new Cembra Certo! card (which has arrived unsolicited in the mail) which would give me the equivalent 1% cashback or apply for the new Migros bank Cumulus Visa card which offers 2x points for the first year ?

31
I will not switch to the new Cembra Certo card that they habe sent me, but will continue to use "old" one until valid but I too don't understand if there is any points still there....

32

Yes you can, you do not have to switch now. You can use the Cembra Cumulus Mastercard until it expires.

33
anyone have any issues getting the 1% credit for Airbnb? i've had a few payments already via the airbnb app with the credit card but the credit is still showing up as $0.

34
I would suggest to wait for the invoice and to contact them if the figures don't add up.

I somehow had a similar problem with the migros counter.