Mediolanum Credit Card Mediolanum Credit Card Prestige
A plan byMediolanum Credit Card · Mastercard
The Mediolanum Credit Card is Banca Mediolanum's charge card (technically issued by Nexi), reserved to holders of a Banca Mediolanum account or SelfyConto. It settles monthly with an option to spread purchases into instalments ("Easy Shopping"). The Classic version costs €40/year, dropping to €20 when paired with SelfyConto and to €0 for under-30s (first year free for everyone); the Prestige costs €80/year with a higher credit limit. Non-euro purchases carry a 2.5% FX fee. No structural cashback.
Mediolanum Credit Card Prestige
- Annual price
- €80
What's included
- 1st year free; then €80/year
- Higher credit limit (up to €10,000)
- 2.5% FX · Easy Shopping instalments
Data & conditions
| Network | Mastercard |
|---|---|
| Card type | Revolving credit |
| Backing | Unsecured |
| APR | 15.91% (variable) |
| Credit limit | €10,000 |
| Issuing bank | Banca Mediolanum |
| Issuance fee | Free |
| Annual fee | €80/year |
| ATM withdrawal | Free |
| FX markup | 2.5% |
| Cashback | Not disclosed |
| Contactless | Yes |
| Virtual card | Yes |
| KYC | Full |
| Privacy | 2/10 |
| Supported countries | EEA · 1+ countries |
| Funding / solidity | Banca italiana quotata (gruppo Mediolanum) · carta di credito da conto |
| Regulator | Banca d'Italia (vigilanza bancaria) / BCE |
| Segment | B2C |
| Funding / solidity | Listed Italian bank (Mediolanum group) · account-linked credit card |
| MiCA / License status | Banca (Banca Mediolanum S.p.A., vigilanza Banca d'Italia / BCE) Supervised bank (Banca Mediolanum, Bank of Italy / ECB) |
Strengths
- First year free; Classic fee halved to €20 with SelfyConto and waived for under-30s
- "Easy Shopping" instalment option with occasional zero-rate promotions
- Issued on Nexi infrastructure with app and integrated security controls
- Prestige version with a higher credit limit for bigger spenders
- No notable sovereignty advantage documented.
Weaknesses
- Requires a Banca Mediolanum account or SelfyConto: not available on its own
- 2.5% FX fee, in line with the expensive cards
- No cashback or structural reward on spending
- Using instalments (Easy Shopping) the APR can reach 15.91%
- Traditional credit card: not self-custody — the account requires full KYC, a credit check, and can be closed or reported to credit bureaus by the issuer.
- Full KYC required: verified identity, zero pseudonymity.
- Funds can be frozen at the platform’s discretion.
- Subject to regulation (Supervised bank (Banca Mediolanum, Bank of Italy / ECB)): reporting to authorities and freezes on order.
- FATF-aligned jurisdiction: strong cooperation with authorities.
Verdict
A classic bank credit card whose cost depends heavily on your profile: free the first year, €20 with SelfyConto or €0 for under-30s, but the full €40/year for the ordinary customer, with 2.5% FX and no cashback. The Easy Shopping instalment option is convenient but can cost up to a 15.91% APR. Overall an honest card with no distinctive edge: average rating (3.1/C), rewarding only the transparency of its terms.
A credit card is a credit line, not custody of funds: there is neither self-custody nor a user balance here. It is a fully tracked and censorable instrument — full KYC, a Banca Mediolanum issuer (a supervised Italian bank, Nexi processing) that profiles transactions and can suspend the line or close the relationship. On the sovereignty lens it is the opposite of trustless tools: no anonymity, no censorship resistance.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
How much does the Mediolanum Credit Card cost?
The Classic costs €40/year, dropping to €20 with SelfyConto and €0 for under-30s; the first year is free for everyone. The Prestige costs €80/year. Always check the conditions on the current Information Sheet.
What fees apply abroad and if I pay in instalments?
Non-euro purchases carry a 2.5% fee. If you spread purchases into instalments with Easy Shopping, the Information Sheet quotes a maximum APR of 15.91%.
Sources
- Official service page Data verified on Jul 12, 2026