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Our Take on LOEB Club Visa Card
0.5% cashback on everything. Including fees, cash withdrawals, and interest. That's genuinely unusual.
The LOEB Club Visa offers something rare: cashback that applies to all transactions, including categories most cards exclude. At zero annual cost, you get 2% back at LOEB stores plus 0.5% on everything else. The inclusive cashback scope makes this unique among free cards.
Why the Cashback Scope Matters
Most cards exclude cash withdrawals, FX fees, and interest charges from rewards. This one doesn't. 0.5% cashback applies to all transactions without exclusions. If you withdraw CHF 500 cash abroad, you earn CHF 2.50 back (plus the normal FX fees, but still). If you carry a balance, the interest you pay earns cashback.
At LOEB, you earn 2 Gold points per CHF 1 (2% effective discount). CHF 2,000 annual LOEB spending = CHF 40 back. Combined with 0.5% everywhere else, the returns add up without thinking about categories.
What Actually Stands Out
The all-inclusive cashback is the differentiator. Every transaction counts. No exclusions, no asterisks. This is genuinely rare. CHF 3,000 purchase protection adds value for larger purchases. Free emergency card replacement once yearly provides peace of mind.
Apple Pay, Google Pay, Samsung Pay, and Garmin Pay all work. Unlimited free additional cards for family members. The card costs nothing to hold.
What Most Reviews Miss
The 2% FX fee is average, which partially offsets the international cashback benefit. For pure foreign spending optimization, Cornèrcard (1.2% FX) beats this. But the 0.5% cashback on the FX fee itself partially compensates.
0.5% is lower than premium cashback cards (Certo One offers 1% everywhere). The value proposition is the inclusive scope, not the rate. If you want maximum cashback percentage, other cards win. If you want universal application with zero complexity, this is compelling.
The Bottom Line
A uniquely inclusive free cashback card for LOEB shoppers and simplicity seekers. The all-transaction cashback is rare and valuable for those who want every franc to count. Compare alternatives in our best cashback credit cards in Switzerland guide.
Verdict: Worth having for the unique cashback scope. Excellent as a free secondary card with no exclusions.
PROS
- No annual fee
- 2 welcome bonus points
- Apple Pay compatible
- Contactless payments for convenient transactions
- 2 points per 1 franc spent
- 0.5% cashback
- Free emergency credit card once per year for members
CONS
- High foreign exchange fee (2%)
- No travel insurance
- No medical coverage
- No airport lounge access
- No concierge service
Card Details
At a Glance
Annual fee
Free
Rewards rate
2% cashback
FX Fee
2%
Welcome bonus
2 pts/1000CHF Points
Fees & Costs
Fees & Costs
First year annual fee
No annual fee
Annual fee (after first year)
No annual fee
Foreign exchange fee
2%
Cash Withdrawal (Domestic)
4% (min CHF 10)
Cash Withdrawal (International)
6% (min CHF 10)
Late Payment Fee
CHF 20
Additional Cards
-
Rewards Program
Rewards Program
Rewards type
cashback
Base rewards rate
2 %
Welcome bonus
2 pts/1000CHF Points
Earn 2% cashback on all purchases
Insurance & Protection
Insurance & Protection
Travel insurance coverage
No travel insurance
Medical insurance coverage
No medical coverage
Purchase protection
CHF 3'000
Card Features
Card Features
Card Network
Visa
Card Type
Standard
Currency
CHF
Minimum income requirement
No income requirement
Monthly spending limit
CHF 10'000
Airport lounge access
Concierge service
Key Features
- 2 points per 1 franc spent
- 0.5% cashback
- Free emergency credit card once per year for members
- Multiple mobile payment options (Samsung Pay, Apple Pay, Google Pay, Garmin Pay)
- 24-hour customer service support
Calculate If This Card Is Worth It for You
= CHF 30'000/year
You Pay
CHF 0
per year
You Get Back
CHF 630
estimated value
Bottom Line
+CHF 630
in your pocket
Annual calculation:
CHF 30'000/yr × 2%
Move the slider to see how your spending affects the card's value. Miles: 1.5 ct, points: 1 ct.
Rating by Category
Compare to Other Cards
Frequently Asked Questions
- What's unusual about the LOEB Club cashback structure?
- You earn 0.5% on every transaction the card processes, including cash withdrawals, foreign exchange, fees, interest charges, and even gambling. Virtually every other Swiss credit card excludes those categories from rewards. The 0.5% won't recoup the cost of a cash advance, but it's a rare structural quirk worth knowing about.
- How do I get the most value at LOEB stores?
- 2 Gold points per franc at LOEB, effectively 2% on LOEB purchases versus 0.5% everywhere else. A CHF 200 shop at LOEB earns CHF 4 back; the same spend at Coop earns CHF 1. Concentrate clothing and homeware buys at LOEB if you have one nearby (Bern, Thun); elsewhere this card is a flat 0.5% performer.
- How many partner cards can I add for free?
- Unlimited, no fee. That's rare even within the cashback segment (where the average supplementary fee runs around CHF 22). Useful for consolidating household spending onto one LOEB account and pooling Gold points for bigger redemptions.
How We Rated This Card
Wondering why LOEB Club Visa Card got its score? We rate Cashback cards using a weighted formula. Here's what counts:
Same formula for every card in this category. No exceptions.
See our full rating methodologyReady to Apply?
Apply for the LOEB Club Visa Card today and start enjoying its benefits.