Find the Best Credit Card in Norway

What is a Credit Card?

A credit card is a payment card that gives the user access to credit, typically within a certain limit. Using a credit card means that you borrow money from the credit card company to pay for goods or services, and then repay the amount later. You can choose to pay the full balance or a portion of it by the due date, or just the minimum amount required by the credit card company. If you don’t pay the full amount by the due date, interest and fees will apply.

Credit Card Benefits

• Secure payments: It is safe to pay with a credit card. If you’re scammed or the seller goes bankrupt, you have stronger rights if you paid with a credit card. You can file a claim with the credit card company. The same applies if the product or service you bought has significant defects.
• Overview: Credit cards provide a detailed overview of your purchases, both large and small, making it easier to keep track of your finances. All transactions appear on your card statement or in the card issuer’s app.
• Deferred payment and interest-free credit: You can postpone payment and get interest-free credit as long as you pay the full balance by the due date. This gives you flexibility to buy things even if you don’t currently have the funds.
• Included insurance: Many credit cards include insurance such as travel and cancellation insurance, purchase protection, and ID theft coverage. These are usually comprehensive policies. Check what’s included with your credit card.
• Bonus and cashback: Many credit cards in Norway offer bonuses and cashback. Some offer points on all purchases, while others offer rewards for specific products or merchants. Cashback can reduce your credit card bill, and points can be exchanged for goods and services.
• Discounts: Some cards offer significant discounts on various categories of goods and services or from specific partners.
• Other perks: Examples include access to airport lounges, low foreign exchange fees, or fee-free cash withdrawals. Check what benefits come with your card.

If you are having trouble deciding which credit card to choose, you can take our credit card test. You can answer a few questions, and we will give you suggestions for cards that suit your needs. We have also written detailed reviews of all Norwegian credit cards, so you can find out all the necessary information about the card.

3 Tips for Responsible Credit Card Use

• Avoid cash withdrawals: Avoid withdrawing cash with your credit card. Cash withdrawals often have high interest rates and fees that quickly add up to the amount you owe. While purchases of goods and services typically have an interest-free period, interest usually starts accruing immediately upon cash withdrawal.
• Plan your credit card use: It is important to keep track of your income and expenses, and to set a plan for how much you can spend on your credit card. Make sure you can afford to pay back what you spend on your credit card.
• Pay for travel with your credit card: When you're going on a trip, it can be smart to pay at least 50% of your transportation costs with your credit card. Most credit cards include travel insurance as an included benefit, provided that at least half of your transportation costs are paid with your card.