Openbank is a digital bank in Spain backed by Banco Santander. In Spain, the best-known credit-card option promoted by Openbank is the Openbank Credit Card Open Credit (Visa).
This guide explains the application steps, the information you usually need, and how interest rates (TIN/TAE) change.
What credit card is Openbank offering in Spain?
The Open Credit Openbank Credit Card is its core credit-card product in Spain.
It is marketed as a Visa credit card, and Openbank presents it as having no issuance, maintenance, or renewal fee.
The main idea of the card is flexibility: you can pay in full each month, split purchases into instalments, or use a revolving-style payment plan.
| Pros | Cons |
|---|---|
| Flexible payment options: pay in full, instalments (“Aplaza tu compra”), or revolving-style monthly instalments. | Instalment interest can apply, which increases total cost. |
| Digital-first management via app/web, with a guided online application flow and electronic signing. | If you choose small monthly instalments, repayment can take longer and you may pay more interest overall. |
| Openbank markets no issuance/maintenance/renewal fee for the card (per its official product description). | Cash withdrawal on credit carries a fee plus possible ATM-owner fees. |
| No Openbank commission for foreign currency purchases (per Openbank), which can help when spending abroad. | Exchange rate cost may still apply because Visa may add a margin over the ECB rate (so “no bank commission” doesn’t always mean “no FX cost”). |
| Optional travel subscription can bundle travel-related perks while active (if you want extras). | The travel subscription is paid, so it adds a recurring cost if you activate it. |
Interest rates in Spain (TIN and TAE)
Openbank explains that the cost of borrowing depends on the payment method selected.
This matters because “credit card interest” is not always one fixed number.
It can change if you switch from paying in full to instalments or revolving repayment.
Below are the representative rates Openbank publishes for its Open Credit card, depending on how you pay:
Pay in full at the end of the month (representative example)
0% TIN and 0% TAE in the representative example for paying the balance in full at month-end.
This option is generally the simplest way to avoid interest, as long as you pay the statement balance on time.
“Aplaza tu compra” instalments (2 to 36 months)
For splitting eligible purchases into instalments, Openbank publishes a representative example of 14.00% TIN (annual) and 14.93% TAE.
Openbank also indicates that instalments may be available for purchases over a minimum amount (commonly shown as over €30).
It can be spread across 2 to 36 months, managed inside the app or web banking.
Revolving repayment (paying monthly instalments)
For revolving-style repayment, Openbank publishes a separate representative example showing:
18.00% TIN (annual) and 19.56% TAE.
Openbank also warns that paying smaller instalments can increase the total interest paid, because the balance can take longer to clear.
One-month instalment option (representative example)
Openbank also shows representative examples where a one-month split can carry:
0% TIN and 0% TAE in certain scenarios.
Fees and common costs to check
Even if a card has no issuance or renewal fee, other costs can apply depending on how you use it.
- Cash withdrawal at credit: Openbank lists a 3.90% fee (minimum €3.90) for withdrawing cash on credit, and notes the ATM owner may charge an additional fee that is shown before confirming the withdrawal.
- Foreign currency purchases: Openbank states it does not charge a commission for paying in foreign currency, but notes that Visa may apply a margin over the European Central Bank exchange rate.
- Transfers between the card and a current account: Openbank describes fee scenarios depending on the direction/type of transfer and notes that minimum fees may apply.
Openbank also describes an optional monthly travel subscription of €2.99/month that can include certain travel-related benefits while active.
As always, it’s important to read the conditions to understand what is included, eligibility limits, and when coverage applies.
How to apply for the Openbank credit card
Openbank describes a digital application flow for the Open Credit card and presents it as a four-step process.
While screens can change over time, the core steps are typically:
Step 1: Simulate and choose your repayment method
You start by simulating the card conditions and selecting the payment method you want (for example, pay in full, instalments, or revolving repayment).
This step is where you should pay close attention, because your repayment method strongly affects your interest rate.
Step 2: Fill in your details and select the linked account
Openbank’s process indicates you will confirm personal details and choose the account linked to the card.
You will also confirm delivery details so the bank can send the physical card if applicable.
Step 3: Review the pre-contractual documents
Openbank indicates you will be shown the product’s pre-contractual information during the application.
This is where you verify the repayment mode, interest rates, representative examples, fees, and key conditions.
Step 4: Confirm and sign electronically
Openbank’s flow ends with an electronic signature.
Openbank also notes that the outcome depends on a risk assessment and that some customers have pre-approved limits.
What you should prepare before applying
To avoid delays, it helps to have your core details ready, since digital applications usually ask for:
- Personal identification details (as requested in the form)
- Contact information (phone and email)
- Address details (for delivery and verification)
- Bank/account information, if required for linking the card to an account
During the application, focus on the repayment method and conditions you select.
Many cost surprises happen when applicants choose a revolving repayment option without fully understanding the long-term cost.
Openbank phone numbers and addresses (Spain)
Openbank publishes contact lines for customers and non-customers.
Phone (as published by Openbank)
Customers: +34 91 177 33 10 and 900 22 32 42
Non-customers: +34 91 177 33 37 and 900 36 53 66
Addresses published by Openbank (Madrid)
Paseo de la Castellana 134, 28046 Madrid
Plaza de Santa Bárbara 2, 28004 Madrid (commonly listed as the company’s registered address)
If you are applying and something in the online form is unclear, using the official phone lines is the safest way to confirm what Openbank requires.
Conclusion
The Openbank credit card process in Spain is built around a digital application and flexible repayment options.
Openbank’s own representative examples show 0% TIN/TAE when paying in full at month-end.
If you want to apply, follow the four-step flow, read the pre-contractual information carefully, and choose the payment method that fits.
Disclaimer: This article is for general information and does not constitute financial advice. Always check Openbank’s official product documents and pre-contractual information during the application, because rates, fees, and conditions can change and may vary by repayment option.
