The Credit Card Sweden page will tell you most, if not all, you need to know about credit cards. This information is helpful and will make your path to financial security easier if you are living in or visiting Sweden. It never gets better if you already know that it is possible to take out a loan and have the money made available on a card. Now let's learn what credit cards are all about…one…two…done? gooo…!
All about credit cards for you in Sweden
As an expat in Sweden, you need to know that cash transactions are not common there. Just as a functioning bank account guarantees you ease in handling your finances, a credit card and debit card are also very important.
When you are in Sweden, you will find that it is common to pay by credit card at most stores and establishments. You can usually apply for and receive a credit card that is linked to a checking account. You can then get a prepaid credit card that is not linked to a checking account. With a prepaid credit card in Sweden, you can spend the money you already have on the card. With a current account in Sweden, you are eligible to receive a credit card.
You can choose your preferred credit card company and bank from a list of many providers in Sweden. There are several banks and credit card companies operating in Sweden. It is important to do your research beforehand so that you only sign up for a credit card that suits your personal needs.
What you need to know about getting a credit card in Sweden
To obtain a credit card in Sweden, you must first open a regular bank account. So the requirements for opening such a regular bank account apply. For example, you will need a Swedish personal identification number. The credit card and the bank account must then be linked together. With a bank account linked to your credit card, you will save yourself the costs that are incurred every time you use your credit card.
In general, a credit card in Sweden offers the advantages that a bank account does not have. For example, you will benefit from low introductory rates or the ability to pay over a longer period of time. The prepaid credit card is another special card that you will be happy to use. With the prepaid credit card you can load and use money.
Credit card companies in Sweden
As already indicated, it is important to critically choose the credit card provider that suits your individual needs. While there are many such merchants in Sweden, some of the best known and verified include Marginalen Bank, Kortio, ICA Banks, Bank Norwegian, Nordea, Swedbank, N26 and Bank Norwegian SE.
Even though we are happy to inform you about which credit card companies to choose from in Sweden, you have to make a conscious decision yourself about which company suits you exactly. Pay attention to what the costs are, how much credit you need, and which places accept it.
Now you can choose the best credit card company yourself
As you will surely learn, these listed banks and credit card issuers in Sweden offer quality and excellent customer service in a very reliable way. Although it's not easy to say which of the credit card providers in Sweden is the best choice for you, it's worth noting that the N26 online bank is most commonly used by expats. It offers clear contracts for non-Swedish speakers and is used by most expats.
Another reliable merchant for credit cards in Sweden is Norwegian Bank. Although the bank is based in Norway, it has proven to be reliable in Scandinavia. It offers consumers loans, credit cards and savings accounts. You can be sure to trust the bank because of its large market presence and reliability. It has been in operation since 2007.
As mentioned above, each bank has its own regulations for credit cards, so it is important that you evaluate the benefits of choosing one provider over another. For example, if you want to get a credit card from the Norwegian bank, you must live in Sweden, have a work permit and be over 23 years old. A typical benefit of a Norwegian Bank credit card is that you don't have to pay anything for it. Essentially, the credit card offers up to 6 weeks of interest-free credit and no cash withdrawal fee.
Important credit card information for you
The most widely used credit cards in Sweden are Mastercard and Visa. This means that if you are the holder of a card such as American Express, you may face certain difficulties in making transactions or payments in most of Sweden. There it is advisable that you get a local prepaid credit card. If you meet all the requirements for a local credit card, you can easily apply for the card online, and it will be sent to your home address.