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Best Credit Cards in Sweden

Author: Kristian Ole Roerbye

Written by

Kristian Ole

Reviewer: Frederik

Reviewed by

Frederik Nielsen

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Credit Card Bank Norwegian


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Example: The variable credit interest rate is 21.99% (Feb 2024). The annual fee is SEK 0. Utilizing a credit of SEK 10,000 and repaying through 12 payments of SEK 936 over 12 months, the effective interest rate is 24.35%. The total amount to be repaid is SEK 11,233.

Finding the right credit card in Sweden can be straightforward. Different cards offer unique benefits, whether you’re looking for rewards, low interest rates, or travel perks. Our guide simplifies your choice, helping you match your needs with the ideal card. Let’s dive into the factors that matter most in selecting a Swedish credit card.

The Best Credit Cards in Sweden 2024

Credit Card Bank Norwegian


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Example: The variable credit interest rate is 21.99% (Feb 2024). The annual fee is SEK 0. Utilizing a credit of SEK 10,000 and repaying through 12 payments of SEK 936 over 12 months, the effective interest rate is 24.35%. The total amount to be repaid is SEK 11,233.

Resurs Gold Credit Card


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*Example: Credit SEK 15,000, interest-free installment for 6 months, 6 installments of SEK 2,500 each, admin fee SEK 39 + setup fee SEK 97, effective interest rate 3.65%, excluding annual fee SEK 245. Total amount SEK 15,331.

Resurs Classic


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*Example: Credit SEK 10,000, interest-free installment for 6 months, 6 installments of SEK 1,667 each, admin fee SEK 39 + setup fee SEK 97, effective interest rate 5.82%. Total amount SEK 10,331..

Swedbank Credit Card


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*Example: Total credit amount EUR 1,500. Term 1 year. APR 21.7%. Fixed debtor rate 18%. Monthly service fee EUR 1.44. Card issuance fee as set by the Bank. Total repayment EUR 1,670.90.

Requirements for Getting a Credit Card in Sweden

Requirements for Getting a Credit Card in Sweden

Securing a credit card in Sweden involves understanding specific requirements. Lenders assess your financial stability to ensure you can manage credit responsibly.

  • Age: Typically, you must be at least 18 years old.
  • Income: A stable income demonstrates your ability to repay. Lenders will check this.
  • Residency: Most issuers require you to be a Swedish resident or have a strong connection to Sweden.
  • Credit History: A good credit history indicates reliability. Banks will review this.
  • Identification: Valid ID is necessary for identity verification.
  • Bank Account: Having a Swedish bank account is often essential for credit card applications.

These criteria can vary slightly between banks and card types. Always check specific requirements before applying.

How to Apply for a Credit Card in Sweden

When you decide to apply for a credit card in Sweden, the internet is your best ally. The online application process is designed to be quick and efficient, allowing you to apply from the comfort of your home. Before diving into the application steps, it’s crucial to understand that each credit card comes with its own set of features and requirements. By carefully selecting a card that aligns with your financial habits and needs, you can maximize its benefits and avoid potential pitfalls. Now, let’s break down the online application process into clear, manageable steps:

    1. Research: Investigate various credit cards online. Look at their rewards, fees, interest rates, and user reviews.

    1. Eligibility: Confirm you meet the card’s requirements, such as income, age, and residency.

    1. Gather Information: Prepare necessary personal information, including ID and proof of income.

    1. Application: Visit the issuer’s website to access and complete the application form.

    1. Submit Documents: If requested, upload any additional documents to support your application.

    1. Review and Confirm: Check your details thoroughly before finalizing your application.

    1. Wait for Approval: The issuer will assess your application and notify you of their decision.

    1. Receive Your Card: Upon approval, your credit card will be sent to you, along with activation instructions.

How to Apply for a Credit Card in Sweden

Types of Credit Cards in Sweden

Sweden offers a variety of credit card options to suit different financial needs and spending habits. Understanding these types can help you choose the best card for your situation.

Here’s a look at the common types of credit cards available.

Standard Credit Cards

Standard Credit Cards offer basic credit functions without extra perks. They’re ideal for everyday use and individuals who want a simple credit line without seeking additional benefits or rewards.

Rewards Credit Cards

Rewards Credit Cardsare beneficial for those who want to get more from their spending. You earn points, cashback, or miles on your purchases, which can be redeemed for various rewards. If you frequently use your card, this type can offer meaningful returns on your expenditures.

They’re great if you want to earn while you spend.

Low-Interest Credit Cards

These cards offer lower interest rates, making them a cost-effective option for users who might carry a balance from month to month. They can significantly reduce the interest you accrue, saving you money in the long term.

Balance Transfer Credit Cards

If you have existing credit card debt, these cards allow you to transfer the balance and benefit from a lower interest rate on the transferred amount, often with introductory rates. It’s a strategic choice for consolidating and paying down debt.

Travel Credit Cards

Travel Credit Cards are tailored for individuals who travel frequently, these cards offer travel-centric rewards and benefits, such as airline miles, hotel points, lounge access, or travel insurance. They can enhance your travel experience while providing value through rewards.

Student Credit Cards

Student Credit Cards are designed for students,

these cards usually come with lower credit limits and more lenient qualification criteria, making them accessible for young adults building their credit history. They can be a first step in managing personal finance responsibly.

Business Credit Cards

Business Credit Cards are aimed at business owners, these cards help segregate personal and business expenses and often come with features tailored to business needs, such as higher credit limits or rewards on business-related spending.

Understanding Credit Card Interest in Sweden

Grasping how credit card interest works in Sweden is crucial for managing your finances effectively. Interest is the cost you pay for borrowing money on your credit card. Here’s a breakdown to help you understand it better:

  1. Interest Rate (APR): The Annual Percentage Rate (APR) is the yearly interest rate charged on outstanding balances. It varies by card and your creditworthiness.
  2. Interest-Free Period: Most cards offer an interest-free period, usually up to a certain number of days, where no interest is charged if you pay your balance in full.
  3. Calculating Interest: Interest is typically calculated daily based on your card’s APR and your outstanding balance. It’s then accumulated monthly.
  4. Different Rates: Be aware that different transactions—purchases, cash advances, balance transfers—might have different interest rates.
  5. Avoiding Interest: To avoid paying interest, pay off your balance in full each month before the end of the interest-free period.


Credit Interest Rate21.99%
Annual FeeSEK 0
Credit UtilizedSEK 10,000
Repayment Plan12 monthly payments of SEK 936
Duration12 months
Effective Interest Rate24.35%
Total Amount to Be RepaidSEK 11,233

Credit Card Features

When selecting a credit card in Sweden, understanding the specific features can help you choose the best option for your financial needs.

Here are some key features to consider when selecting a credit card in Sweden

Rewards Programs

Cards offering rewards incentivize spending by giving you points, cashback, or miles that can be redeemed for goods, services, or discounts.

Evaluate what type of rewards align with your spending habits to maximize benefits.

Security Features

Modern credit cards come with enhanced security features like EMV chips and contactless payment options, reducing the risk of fraud.

Additionally, many issuers offer 24/7 monitoring and alerts for suspicious activity, ensuring your account’s safety.

Annual Fees

While some cards charge annual fees, they often provide additional benefits, like higher rewards rates or complimentary insurance. Assess whether the benefits outweigh the fee to ensure it’s a cost-effective choice for you.

Interest Rates

The Annual Percentage Rate (APR) significantly affects the cost of carrying a balance on your card. Lower APRs can lead to substantial savings over time, particularly if you don’t pay off your balance each month.

Credit Limit

Your credit limit, influenced by your credit history and income, dictates how much you can spend. A higher credit limit can be beneficial for managing larger expenses or improving your credit utilization ratio, a key factor in your credit score.

Foreign Transaction Fees

If you travel or make purchases in a foreign currency, these fees can add up. Some cards offer no foreign transaction fees, a valuable feature for frequent travelers or those who shop from international retailers.

Balance Transfer Options

Transferring an existing balance to a card with a lower interest rate can help manage debt more effectively. Some cards offer promotional periods with reduced rates, providing an opportunity to save on interest charges.

Insurance and Protections

Credit cards may come with additional perks like travel insurance, rental car coverage, purchase protection, or extended warranties. These benefits can provide significant value and peace of mind in various situations.

Customer Service

Reliable customer service is crucial, especially when dealing with financial products. Look for cards from issuers known for their customer support, offering multiple contact methods and responsive service.


Frequently Asked Questions

A standard credit card or a student credit card is usually the best to start with. They typically have lower credit limits and simpler terms, making them ideal for building credit.

A debit card allows you to spend money directly from your bank account, while a credit card provides a line of credit that you can borrow against, subject to interest if not repaid in full each billing cycle.

Generally, adults with a stable income, a good credit history, and who meet the issuer’s requirements can get a credit card. Specific criteria can vary between card issuers.

Yes, expats can get a credit card in Sweden. However, you’ll likely need to provide proof of income, residency status, and possibly a Swedish personal identity number (personnummer).