Bank Norwegian credit card (Visa) 2026: price, benefits and effective annual interest rate (APR)
In October 2026 Bank Norwegian's credit card has no annual fee, cash withdrawals are free of charge and purchases earn 0.5% as cashback or CashPoint points up to €15,000 a year. The nominal interest rate of 17.50% is at the upper limit of the statutory interest rate cap, and the effective annual interest rate (APR) is 18.97% in the €1,500 example.
Effective annual interest rate (APR)
18.97% effective annual interest rate (APR)
On Bank Norwegian's page: "Example: In connection with a payment deferral, the effective annual interest rate (APR) with a 1-year repayment period is 18.97%. The interest rate is tied to the Bank of Finland reference rate (2.5% from 01.07.2026) and a 15% margin is added to it, giving a nominal interest rate of 17.50%. This calculation is based on a credit of €1,500 repaid in 12 monthly instalments, with an instalment of €137. The total amount to be repaid is then €1,646. The agreement is open-ended (valid indefinitely)."
The banks' effective annual interest rate (APR) examples are not comparable with each other: the credit amount and the loan period vary, and in some examples the card's monthly fee is included in the calculation and in others it is not. Compare the figures only if the assumptions of the example are the same. Pankkitutka does not rank credit cards by effective annual interest rate (APR).
The cap on consumer credit interest is 17.50% for the period 1 July 2026-31 December 2026. See the interest rate cap and its sources.
Bank Norwegian credit card (Visa): price
| Monthly price | €0.00/month |
|---|---|
| Annual price | €0.00/year |
| Terms affecting the price | No annual fee, no card renewal fee, e-invoice and paper invoice €0. Optional rental car excess insurance €43.28/year. |
| Who can apply | Over 18 years old, no payment default entries; Bank Norwegian performs a credit check and the decision comes automatically. |
Credit terms
| Credit limit up to | €15,000 |
|---|---|
| Interest rate | 17.50% |
| Interest margin | 15.00% |
| Interest-free period | 45 days |
| How the interest is set | Nominal interest rate 17.50% = Bank of Finland reference rate 2.5% (from 1.7.2026, reviewed on 1.1. and 1.7.) + 15% margin. Monthly nominal interest rate 1.458%. Interest-free period of up to 45 days, also for cash withdrawals; in the Siirto luottokortilta (transfer from credit card) service interest starts from the first day. Credit limit up to €15,000. |
Benefits
| Travel insurance | Tryg's travel and cancellation insurance, valid when at least 75% of the trip's travel and accommodation costs are paid with the card directly to the service provider; maximum trip duration 90 days. The insurance covers the cardholder's family even if the cardholder does not travel. Insured amounts are in the insurance terms. |
|---|---|
| Lounge | No lounge benefit. |
| Withdrawals abroad | Cash withdrawals are free of charge in Finland and abroad (the ATM owner may charge a fee); withdrawal limit abroad €1,000/day, in Finland €500/day. |
| Currency conversion markup on card payments | 2.49% |
| Purchase protection | No included purchase protection insurance is mentioned; credit purchases carry the purchase protection under the Consumer Protection Act. |
|---|---|
| Cashback or points | A choice of either 0.5% cashback (1 cashback = €1, used to pay the invoice) or 0.5% as CashPoint points (1 point is about €0.10, for Norwegian flights; in addition 3-5% on flights bought from Norwegian). The benefit accrues on purchases of up to €15,000 per calendar year. |
| Other | Optional paid insurances: payment protection, rental car excess, identity theft. No country restrictions. |
Related guides
Sources
- Bank Norwegian: Luottokorttiretrieved 16 October 2026
- Bank Norwegian: Cashbackretrieved 16 October 2026
- Bank Norwegian: CashPointsretrieved 16 October 2026
- Bank Norwegian: Matka- ja peruutusturvavakuutusretrieved 16 October 2026
Data checked 16 October 2026. Check current terms and prices with the provider.
Pankkitutka has no advertising links for credit products: the links always go to the provider's own site.
Frequently asked questions
How much does Bank Norwegian credit card (Visa) cost?
In October 2026 Bank Norwegian credit card (Visa) costs €0.00/month, annual price €0.00/year. No annual fee, no card renewal fee, e-invoice and paper invoice €0. Optional rental car excess insurance €43.28/year. Effective annual interest rate (APR) 18.97% (example: On Bank Norwegian's page: "Example: In connection with a payment deferral, the effective annual interest rate (APR) with a 1-year repayment period is 18.97%. The interest rate is tied to the Bank of Finland reference rate (2.5% from 01.07.2026) and a 15% margin is added to it, giving a nominal interest rate of 17.50%. This calculation is based on a credit of €1,500 repaid in 12 monthly instalments, with an instalment of €137. The total amount to be repaid is then €1,646. The agreement is open-ended (valid indefinitely).").
What is the effective annual interest rate (APR) of Bank Norwegian credit card (Visa)?
In October 2026 Bank Norwegian credit card (Visa): Effective annual interest rate (APR) 18.97% (example: On Bank Norwegian's page: "Example: In connection with a payment deferral, the effective annual interest rate (APR) with a 1-year repayment period is 18.97%. The interest rate is tied to the Bank of Finland reference rate (2.5% from 01.07.2026) and a 15% margin is added to it, giving a nominal interest rate of 17.50%. This calculation is based on a credit of €1,500 repaid in 12 monthly instalments, with an instalment of €137. The total amount to be repaid is then €1,646. The agreement is open-ended (valid indefinitely)."). The banks' effective annual interest rate (APR) examples are not comparable with each other: the credit amount and the loan period vary, and in some examples the card's monthly fee is included in the calculation and in others it is not. Compare the figures only if the assumptions of the example are the same. Pankkitutka does not rank credit cards by effective annual interest rate (APR).
What benefits does Bank Norwegian credit card (Visa) include?
In October 2026 Travel insurance: Tryg's travel and cancellation insurance, valid when at least 75% of the trip's travel and accommodation costs are paid with the card directly to the service provider; maximum trip duration 90 days. The insurance covers the cardholder's family even if the cardholder does not travel. Insured amounts are in the insurance terms. Lounge: No lounge benefit. Cashback or points: A choice of either 0.5% cashback (1 cashback = €1, used to pay the invoice) or 0.5% as CashPoint points (1 point is about €0.10, for Norwegian flights; in addition 3-5% on flights bought from Norwegian). The benefit accrues on purchases of up to €15,000 per calendar year. Currency conversion markup on card payments: 2.49%. Effective annual interest rate (APR) 18.97% (example: On Bank Norwegian's page: "Example: In connection with a payment deferral, the effective annual interest rate (APR) with a 1-year repayment period is 18.97%. The interest rate is tied to the Bank of Finland reference rate (2.5% from 01.07.2026) and a 15% margin is added to it, giving a nominal interest rate of 17.50%. This calculation is based on a credit of €1,500 repaid in 12 monthly instalments, with an instalment of €137. The total amount to be repaid is then €1,646. The agreement is open-ended (valid indefinitely).").