Migros Bank Mastercard Gold

Choose Surprize or Cumulus rewards. CHF 250,000 medical coverage. 20,000 welcome points.

The Migros Bank Mastercard Gold offers unique flexibility: choose between Surprize points (general redemption) or Cumulus rewards (Migros ecosystem). At CHF 200 annually, you get solid gold-tier insurance, your preferred loyalty program, and a substantial welcome bonus. The program choice distinguishes this from single-track competitors.

Is CHF 200 Worth It?

The math depends on your spending and loyalty preferences. 1 point per CHF 1 spent on either Surprize or Cumulus. CHF 20,000 annual spending = 20,000 points worth roughly CHF 100-200 depending on redemption choices. The 20,000 welcome points (worth CHF 100+) effectively halves the first-year cost.

CHF 250,000 medical coverage abroad would cost CHF 100-150 standalone. CHF 20,000 trip cancellation adds another CHF 30-50 in insurance value. The combined rewards and insurance comfortably exceed the CHF 200 fee for travelers who spend CHF 15,000+ annually.

What Actually Stands Out

The program choice is genuinely valuable. If you're deep in the Migros ecosystem, Cumulus integration lets you earn grocery rewards on all spending. If you prefer flexible redemption (travel, gift cards, merchandise), Surprize offers more options. You're not locked into one path.

The 1.75% FX fee is better than average (most gold cards charge 2%). Apple Pay, Google Pay, Samsung Pay, and Garmin Pay all work. The card functions well both as a Migros-focused tool and as general-purpose gold card.

What Most Reviews Miss

No lounge access at this tier. If airport comfort matters, you'll need to add Priority Pass separately or choose a card that includes it. The insurance is solid, but the lifestyle benefits are limited compared to premium cards.

Migros Bank cards don't require Migros banking. You can hold the card without moving your primary banking. However, if you do bank with Migros, integration between accounts adds convenience.

The Bottom Line

A flexible gold card for those who value choosing their loyalty program. The CHF 250,000 medical coverage is competitive, the welcome bonus is generous, and the program flexibility is unique. If you want lounge access, look elsewhere. Compare alternatives in our best premium credit cards in Switzerland guide.

Verdict: Good value for travelers who want solid insurance and flexibility between Cumulus or Surprize. The welcome bonus makes year one especially attractive.