Best credit card Sweden
At Kreditio you will find the best credit card of 2025. Compare all credit cards in Sweden in our updated and current top lists, guides, tables and reviews.
Written by: Oliver Ivanovic
Reviewed by: Tomas Andersson
Which is the best credit card in Sweden?
The best credit card in Sweden 2025 is the Bank Norwegian credit card according to us at Kreditio. The card has a minimum of 0.5% cashback on all purchases and up to 5% CashPoints on airline tickets with Norwegian. It comes with comprehensive travel insurance, and the card has a 0% withdrawal fee and a 0 SEK annual fee.
Best credit cards in Sweden
Bank Norwegian Credit Card: Best Overall Credit Card
The Norwegian credit card is the winner in our test for March 2025. What we like about the card is that the bonus is good, the fees are low and the terms are favorable.
| Annual fee: | 0 kr |
| Max credit: | 150 000 kr |
| Interest rate: | 21,99 % |
| Interest-free days: | 45 dagar |
The Bank Norwegian credit card is a travel card that gives you a 0.5% bonus on all purchases and up to 5% bonus on airline tickets with the airline Norwegian.
The bonus on Norwegian airline tickets is as listed below:
- Norwegian Lowfare: 3%
- Norwegian Lowfare+: 4%
- Norwegian Flex: 5%
The card has no annual fee and no withdrawal fee, but has a currency surcharge of 1.75%. The low fees for use abroad and the high bonus on airfare make the Norwegian card ideal for travel.
It also comes with comprehensive travel insurance, which is valid if you pay for at least 50% of your trip with the card. The travel insurance covers the cardholder, spouse or partner and children under 21 years of age. The insurance is valid for up to 90 days and includes cancellation cover up to SEK 50,000.
Borrowing costs money! If you cannot repay the debt on time, you risk getting a payment remark. This can lead to difficulties in renting housing, taking out subscriptions, and getting new loans. For support, turn to the budget and debt advice in your municipality. Contact details can be found at konsumentverket.se
Re:member Flex: Best Credit Card for cash back
Re:member Flex is the best credit card for cash back. It offers up to 25% cash back at over 300 online stores. The cash back is deducted directly at the time of purchase in the form of a discount and you have to shop through the Remember Rewards points portal to get the cash back.
| Annual fee: | 0 kr |
| Max credit: | 120 000 kr |
| Interest rate: | 9,74 – 22,90 % |
| Interest-free days: | Upp till 56 dagar |
Re:member Flex is a low APR option suitable for those with a high credit rating. The interest rate is between 9.74 – 22.90% and the effective interest rate is 8.10 – 19.84%. Since it is an individual interest rate that is set based on your creditworthiness, the card is most favorable for those with a stable economy. Otherwise, the credit card has no annual fee, 56 interest-free days and a credit limit of SEK 120,000.
When it comes to online shopping, we would recommend Re:member Flex because it offers up to 25% discount on 300 online stores. This discount can save you a lot of money in the long run.
In the list below, we have collected some examples of discounts via Remember Reward.
- CDON.com: Up to 8% discount.
- Amazon: 5% discount.
- Electrolux: 4% discount.
- Firstvet: 7% discount.
- Hotels.com: 7% discount.
- Strawberry: 7% discount.
Another advantage is their security, as the credit card comes with many different insurances. The insurances included are travel insurance with cancellation cover, excess cover and ID protection insurance.
Borrowing costs money! If you cannot repay the debt on time, you risk getting a payment remark. This can lead to difficulties in renting housing, taking out subscriptions, and getting new loans. For support, turn to the budget and debt advice in your municipality. Contact details can be found at konsumentverket.se
Coop Mastercard: Best Credit Card for Groceries
Coop Mastercard is the best credit card for groceries. The card gives up to 5.5% bonus at Coop and 0.5% bonus on purchases outside Coop. The bonus points can be converted into vouchers that can be used at Coop’s grocery stores.
| Annual fee: | 0 kr första året, därefter 295 kr |
| Max credit: | 150 000 kr |
| Interest rate: | 19,25 % |
| Interest-free days: | 55 dagar |
Coop Mastercard is a perfect food card for you as a Coop customer. You can collect up to 5.5 points per krona for purchases at Coop, while you get 0.5 points per krona for other purchases. The points can then be used to get discounts and other benefits at Coop.
One of the disadvantages of the card is that the annual fee is only free for the first year. However, they have 55 interest-free days, which offers you the flexibility to pay for your purchases at no additional cost during this period. They also have a high credit limit of £150,000, which can be very useful for those who want a larger credit line.
For those who value security, Coop offers many different insurance policies to ensure your safety. For example, travel insurance with cancellation cover and all-risk insurance are included. These policies give you extra protection for both travel and everyday purchases.
We consider their interest rate of 19.95% to be relatively low compared to other cards on the market. The effective interest rate is 20.51%, which is also a pretty good rate. You have up to 55 interest-free days before interest is added.
Borrowing costs money! If you cannot repay the debt on time, you risk getting a payment remark. This can lead to difficulties in renting housing, taking out subscriptions, and getting new loans. For support, turn to the budget and debt advice in your municipality. Contact details can be found at konsumentverket.se
Marginalen Traveller: Best Credit Card with Benefits
Marginalen Traveller is the credit card with the best benefits. Traveller gives points on all purchases you make and the points can be exchanged with partners for experiences such as travel in Sweden and abroad. The card includes comprehensive travel insurance with a total of 9 different covers. The credit terms are favorable with a credit limit of SEK 150,000, up to 50 interest-free days and a credit rate of 16.90%.
| Annual fee: | 396 kr (gratis första tre månaderna) |
| Max credit: | 150 000 kr |
| Interest rate: | 16,90 % |
| Interest-free days: | 50 dagar |
We think the Marginal Traveler is the perfect card for those who want to achieve maximum value for every penny. With their bonus system, you earn points on every purchase that can be exchanged for experiences.
You can feel safe when traveling with the card, as it includes comprehensive travel insurance with 9 different covers.
With the Margin Traveler, you can take advantage of 50 interest-free days, which means you won’t have to pay any extra costs during this period. The interest rate of 16.90% is also a relatively good rate.
So the credit card offers a convenient payment solution with a range of benefits to enhance your lifestyle.
Borrowing costs money! If you cannot repay the debt on time, you risk getting a payment remark. This can lead to difficulties in renting housing, taking out subscriptions, and getting new loans. For support, turn to the budget and debt advice in your municipality. Contact details can be found at konsumentverket.se
MoreGolf Mastercard: Best Credit Card for Golfers
MoreGolf Mastercard is the best credit card for golfers. The card gives bonus points on all purchases that can be used at Golfstore or Dormy, among others. It offers exclusive benefits such as Hole-In-One insurance and opportunities to adjust your handicap to name a few. In addition, the card has a high credit limit of up to SEK 160,000, which provides flexibility and security for your golf-related expenses.
| Annual fee: | 0 kr år 1 (295 kr efter) |
| Max credit: | Upp till 160 000 kr |
| Interest rate: | 19,64 % |
| Interest-free days: | 55 dagar |
As a golfer, the MoreGolf Mastercard is an excellent choice as it is well adapted to this lifestyle. The card provides bonuses on all purchases that can then be used at, for example, golf clubs affiliated with the Swedish Golf Federation. It also comes with other benefits such as the ability to book tee times and discounts on green fees, making it particularly useful for golf enthusiasts.
The card has 55 interest-free days and provides 9000 bonus points for new customers. The credit rate is 19.64% and their APR is 20.22%. Their generous credit limit is 160,000 SEK which can be seen as an advantage for those where a larger credit line is valuable.
In the event of travel, MoreGolf Mastercard offers comprehensive insurance. Furthermore, the card has many golf-related insurance policies, so you can feel safe both when traveling and on the golf course.
Borrowing costs money! If you cannot repay the debt on time, you risk getting a payment remark. This can lead to difficulties in renting housing, taking out subscriptions, and getting new loans. For support, turn to the budget and debt advice in your municipality. Contact details can be found at konsumentverket.se
Swedbank Mastercard: Best Credit Card with Low Interest
Swedbank Mastercard stands out as the best credit card with an extra-low interest rate of 14.95%. Other credit terms are also above average, but there is no bonus system included with the card. Therefore, it is suitable for those who want insurance and good conditions.
| Annual fee: | 195 kr (0 kr första året) |
| Max credit: | 200 000 kr |
| Interest rate: | 14,95 % |
| Interest-free days: | 55 dagar |
A classic credit card from a major bank is the Swedbank Mastercard. What makes it typical is the low interest rate, the favorable terms such as 55 days of interest-free credit and the many insurances included.
The insurances included are a travel insurance with cancellation protection, price guarantee, cancellation insurance and extended warranty. This is considerably more than other credit cards, which usually only have travel insurance.
Like other credit cards, Swedbank Mastercard has no annual fee for the first year, but from the second year onwards it is SEK 195.
A major disadvantage that makes the card not suitable for everyone is the lack of a bonus system. This means that you cannot save money on your purchases and therefore lose the money you would have received back through, for example, a cashback card.
Borrowing costs money! If you cannot repay the debt on time, you risk getting a payment remark. This can lead to difficulties in renting housing, taking out subscriptions, and getting new loans. For support, turn to the budget and debt advice in your municipality. Contact details can be found at konsumentverket.se
Comparison of the best credit cards
We at Kreditio have compiled a comparison of the best credit cards in Sweden for 2025 in the table below. Our test has taken into account benefits, fees and credit terms.
| Credit cards | Bank Norwegian Credit Card | Remember Flex | Coop Mastercard | Marginalen Traveller | MoreGolf Mastercard | Swedbank Mastercard |
|---|---|---|---|---|---|---|
| Annual Fee | 0 SEK | 0 SEK | 0 SEK first year, then 295 SEK | 396 SEK (free first three months) | 0 SEK year 1 (295 SEK after) | 195 SEK (0 SEK first year) |
| Credit Interest Rate | 21.99% | 9.74 – 22.90% | 19.95% | 16.90% | 19.64% | 14.95% |
| Effective Interest Rate | 24.35% | 8.10 – 19.84% | 19.85% (e-invoice), 23.57% (paper invoice) | 18.99% (20,000 SEK in used credit) | 20.22% | 14.77% |
| Interest-Free Days | 45 days | Up to 56 days | 55 days | 50 days | 55 days | 55 days |
| Credit Limit | 150,000 SEK | 120,000 SEK | 150,000 SEK | 150,000 SEK | Up to 160,000 SEK | 200,000 SEK |
| Currency Surcharge | 1.75% | 1.75% | 1.75% | 1.65% | 1.65% | 1.65% |
| Withdrawal Fee | 0% | 3.00% (min 35 SEK) | 1.5%, minimum 35 SEK | 3%, minimum 35 SEK | 3% (min 45 SEK/withdrawal) | 3% (minimum 45 SEK) |
| Bonus | 0.5% | Up to 25% discount in over 300 e-stores | Up to 5% | 1% on all purchases | 1% on all purchases | No bonus |
What is a credit card?
A credit card is a type of payment card that is linked to a line of credit with the card-issuing bank. When you use the credit card, the card company pays the merchant for your purchase and then bills you, the cardholder. You can choose to pay off the credit in full at once or pay the credit invoice in installments.
How Credit Card Interest Works in Sweden
Credit cards in Sweden typically offer an interest-free period of 30-60 days for purchases. If you pay your balance in full within this period, no interest is charged. Interest rates usually range from 15-25% annually, making it important to pay your balance in full to avoid high interest charges. Different transaction types (purchases vs. cash withdrawals) often have different interest rates.
Who does a credit card fit for?
Credit cards are particularly suitable for these types of people.
- Are financially stable and able to pay back the credit on time.
- Want the option of deferring payments.
- Want to enjoy benefits like bonuses, cashback and insurance.
- Shop frequently online or abroad and want to pay safely.
- Need a buffer for unexpected expenses How does interest on credit cards work?
Pros and cons of credit cards
The advantages of credit cards are that they include benefits, provide flexibility and are a safe means of payment. The disadvantages are that it can incur expensive interest charges and the risk of poor credit and debt if not used sustainably.
Pros
- Benefits. Many credit cards offer bonuses, cashback or discounts on some or all purchases, allowing you to save money.
- Insurance. Most credit cards come with insurance, most notably travel insurance when you pay at least 50% of the cost of your trip with the card.
- Flexibility. Credit cards defer payment with interest-free days. You often have between 40 and 55 interest-free days.
- Security. Credit cards are safer to use compared to cash or debit cards.
Cons
- High interest rates. Credit cards have high interest rates of between 15 – 25% per year if you don’t pay back the credit within the interest-free days.
- Risk of indebtedness. If you don’t pay on time, you could end up in a debt trap where new interest rates and fees will prevent you from getting out of debt.
- Fees. Expensive credit card fees are usually a withdrawal fee and a currency surcharge, which is usually 2%.
- Payment defaults. If you don’t pay your bills on time, you may get a payment default notice, which will negatively affect your credit rating.
- Purchase addiction. When you have the option to buy now and pay later, you may develop a buying addiction that you can’t really afford.
Different types of credit cards in Sweden
Depending on the benefits a credit card offers, it is suitable for different people. To help you find the category that’s right for you, we’ll look at credit cards with different types of benefits and who they’re for below.
Different card networks for credit cards in Sweden
There are 3 major credit card networks in Sweden and they are Visa, Mastercard and American Express.
Visa
Visa was founded in 1958 and was issued under the name BankAmericard by Bank of America, however, the name Visa was registered in 1970 and in 1976 the company changed its name to Visa Inc. Now there are over 4.1 billion Visa cards around the world operating in over 200 countries. Visa has expanded globally significantly in recent decades, becoming the largest payment network in the world.
In Sweden, there are around 20 banks that issue Visa cards. These include major banks such as Nordea, SEB, ICA Banken, Skandiabanken, Bank Norwegian and smaller niche banks such as Marginalen Bank and Collector Bank.
Mastercard
Mastercard was founded in 1966 as Interbank and then changed its name to Mastercharge before changing its name to Mastercard. Today, Mastercard is the second largest payment network in terms of number of cards with just over 3.1 billion cards issued.
In Sweden, 22 banks have Mastercard cards and there are both major banks such as Handelsbanken, ICA Banken, Danske Bank, Länsförsäkringar Bank, Nordea, SEB and Swedbank as well as niche banks such as Re:member, Marginalen Bank and Resurs Bank that have Mastercard cards.
American Express
American Express, often abbreviated as Amex, is an American credit card company that operates as both a payment network and a card issuer of its own credit cards. The credit card company is known for its exclusive credit cards.
In Sweden, American Express is an issuer of credit cards and payment services, with a focus on the premium segment.
- Acceptance. Amex cards are accepted at many major chains, hotels and restaurants, but generally have a lower acceptance rate than Visa and Mastercard, especially at smaller merchants.
- Partnerships. Amex works closely with SAS, resulting in cards that offer EuroBonus points.
- Different cards. In Sweden, Amex offers several cards, including SAS EuroBonus cards in different levels as well as their own cards such as Green Card and Platinum Card.
- Corporate cards. Amex has a strong focus on corporate cards and offers solutions for companies of different sizes.
- Benefits. Amex cards in Sweden are known for their generous travel insurance, lounge access and other premium benefits.
How to compare and find the best credit card in Sweden?
To compare credit cards, you should start from your own needs and evaluate different factors such as requirements, cost, credit terms, benefits and customer reviews. Below we have developed a step-by-step guide of 6 steps you can follow to compare and find the best credit card for you.
1. Do you meet the requirements for the credit card?
All credit cards have basic requirements that all applicants must meet in order to be granted the credit card. Check the basic requirements of the credit card you intend to apply for and make sure you meet them.
In the list below we have gathered common basic requirements for credit cards.
- At least 18 years old. You need to be at least 18 years old, but some card issuers have higher age limits.
- No payment history. Payment defaults indicate poor financial standing and are not accepted.
- Registered in Sweden and a valid social security number. You need to have been registered in Sweden for 2-3 years.
- Some form of income. You do not need to be permanently employed, but have some declared income.
- No debts with the Swedish Enforcement Authority called ”Kronofogden”. Indicates that you are careless or have a poor ability to pay.
2. How much will the card cost?
There are several different fees and costs that can be added to credit cards such as annual fee, foreign exchange surcharge, withdrawal fee and interest.
- Annual fee. The fee that is charged each year to allow you to use the card. The annual fee is usually between 0 – 200 SEK.
- Currency surcharge. When the bank exchanges SEK for another currency, a currency exchange surcharge is added. The currency surcharge is on average 2%.
- Withdrawal fee. A fee is charged every time you withdraw money with your card. The withdrawal fee is usually between 1 – 2% and usually has a minimum fee of SEK 25.
- Interest. If you do not pay the credit invoice within the interest-free days, interest will be added.
- Other fees. In addition to the fees above, there are also reminder fees if you are late with payments. In addition, there may be a newspaper fee of around SEK 30 per month and you want a paper notice.
3. What are the credit terms?
Read through the credit terms such as the interest-free days, credit limit and minimum monthly payment before you apply. Interest-free days. The number of days you have to pay the credit bill before interest is added. It’s common for a credit card to have between 45 – 55 interest-free days. Credit limit. This regulates the total amount of credit you can use with the credit card. Credit cards usually have high credit limits, but you must have a high income to be granted them. Minimum monthly payment. The minimum amount of credit you must pay off each month.
4. What benefits are included?
The inclusion of benefits such as bonuses, cashback and discounts is important to help you save money and get more out of your credit card.
- Bonuses. Some credit cards have their own bonus schemes that allow you to collect bonus points that can then be spent in a bonus shop.
- Cashback. You can get cashback on purchases, and it can apply either to all purchases or just some. Compare the level of cashback as a percentage and consider which purchases qualify for the cashback.
- Discounts. Credit cards can give you exclusive access to discounts at well-known stores to save you money on your purchases.
More credit card benefits collected in the list below.
- Lounge access
- Priority pass
- Fast Track
- Concierge service
- Wireless payment (Apple Pay, Google Pay and Samsung Pay)
5. Does it include any insurance?
Most credit cards include travel insurance, but shopping insurance such as purchase protection and price guarantee may also be included. Based on your needs and what insurance you currently have, try to fulfill these needs through the credit card’s insurance.
6. What do customers say?
Customer reviews are an important factor to consider when comparing credit cards. What customers say about the credit card will give you an idea of whether the card is working properly and whether promises are being kept.
You can easily look up customer reviews for credit cards on our reviews page on Credittio or use an independent website that collects customer reviews, such as Trustpilot.
How to Apply for a Credit Card in Sweden
Apply for a credit card in Sweden through these 4 steps.
- Choose the right credit card. Compare several credit cards to make sure you have chosen the right one before applying.
- Fill in the application form. Go to the credit card application form and fill in your personal, income and employment details and sign the application online with BankID.
- Credit check. Once you have submitted your application, the bank will run a credit check on you with UC and, based on the information, either approve or reject your application directly on the screen.
- Activate the card. If your application is approved, you can in some cases immediately add the credit card to your digital wallet and start using it or you will need to wait for the physical version of the card, which usually arrives within 5-7 working days.
How to Use Credit Cards Responsibly
Using credit cards sustainably is basically just about paying on time and thus avoiding expensive interest charges. If you forget to pay on time, you will incur high interest on the outstanding debt and this can lead to debt traps and payment defaults, which is not healthy for the economy. In the list below, we have gathered points for healthy credit card use.
- Pay your bill on time. Always pay within the interest-free days.
- Compare the effective interest rate. Use the APR, which is the total cost of the credit, when you compare. This way you also include fees that may be hidden from the nominal interest rate.
- Review the monthly bill. Look at the monthly bill and identify what unnecessary expenses you have to eliminate them.
- Maximize benefits. Make the most of the benefits offered by the credit card. This includes, for example, making use of the stores where you get the highest bonus.
How Many Credit Cards Should You Have?
For most people, it is best to have only one credit card, as it means less to keep track of. In addition, the annual fee can make having multiple credit cards expensive unless you avoid the annual fee by choosing specific credit cards.
However, for some people, having multiple cards can be beneficial. Especially if you have a large spread of expenses in different categories, you can combine several different benefits of different credit cards and maximize the outcome.
Frequently Asked Questions and Answers
Which is the Most Advantageous Credit Card?
The most advantageous credit card in our opinion is the Marginalen Traveler which has a 1% bonus on all purchases. It also has very comprehensive travel insurance with cancellation cover up to €30,000 per person.
Are there disadvantages to credit cards?
Yes, there are disadvantages to credit cards. Mainly, the cards have a high effective interest rate, which makes it expensive to pay after the interest-free days.
Why am I denied a credit card?
It’s because the card issuer has done a credit check and considers you not financially stable enough. Most often, this is due to a low fixed income or previous payment defaults.
Can Foreigners Get Credit Cards in Sweden?
It’s challenging without a Swedish personal number (personnummer) and residence history. International visitors should consider cards from their home country with low foreign transaction fees or prepaid options available in Sweden.