Klarna Card

Klarna Card: The ideal credit card for modern shoppers

Nowadays, shopping is becoming more and more digital and is completely integrated into our everyday lives. The Klarna Card, issued by the Swedish payment service provider Klarna, is therefore the ideal solution for anyone looking for a flexible and secure payment method. Regardless of whether you want to make online purchases or make contactless payments in the shop - the Klarna credit card is your reliable companion.

Klarna, known for taking over the "Sofortüberweisung" online payment system, has developed the Klarna Card, a Visa credit card that can be used worldwide free of charge. There is no need to open a separate account as the card is simply linked to your existing checking account .

With Klarna as a reputable and certified provider, you can rely on secure and flexible use of the credit card. Big companies like Spotify, Adidas or ASOS already trust Klarna as a payment option for their customers.

What makes the Klarna credit card special?

The quick and easy application for the Klarna Card via the app is a special feature of the card. During registration, you can easily identify yourself digitally via your online banking, and the activation of the card can also be completed within a few minutes on your smartphone.

With the Klarna Card you get various payment options, such as immediate purchase, purchase on account with a 30-day period or flexible installment payments . This allows you to decide which option best suits your particular purchase.

So Klarna is a modern, secure and flexible solution for anyone looking for a free credit card . Read on and find out what other advantages and disadvantages await you when using the Klarna Card and whether it is worth applying for the credit card.

Klarna credit card - interest, costs, fees

The Klarna credit card offers a variety of benefits for users who are looking for a simple and cost-effective solution for their payments. Here you will find an overview of the most important interest rates, costs and fees associated with using the Klarna Card:

• Annual fee for the main card: The main card is completely free of charge for the cardholder. There are no annual fees for using the Klarna Card.
• APR : The APR for the Klarna credit card is 11.95%. This interest rate is credited to the open balance that is still outstanding in the monthly statement.
• Annual fee partner card: Klarna currently does not offer a partner card for the Klarna Card. This means that there are no additional fees for a second card.
• Replacement card: If your Klarna credit card is lost or stolen, you will receive a replacement card completely free of charge. Because there are no fees for issuing a new card.
• Cash withdrawals: Unfortunately, cash withdrawals at ATMs are not possible with the Klarna credit card. However, the card can be used free of charge for cashless payments at home and abroad.
• Costs for card payments: When using the Klarna Card, there are no fees for domestic payments, in the euro zone or for foreign currencies worldwide. All bookings are free, regardless of the merchant's currency or location.

Due to the clear fee structure, the Klarna Card impresses with its simplicity and cost efficiency, because there are no hidden fees or additional costs during use.

Klarna credit card: Important advantages and functions

The Klarna credit card convinces with its numerous advantages and practical functions that set it apart from many other credit cards. In this section you will learn more about the attractive aspects of the Klarna Card and how it differs from other offers.

Free of charge and independence from a checking account

Unlike many conventional credit cards, such as the Sparkasse or HypoVereinsbank credit card, the Klarna Card is completely free. This means that there are no fees for either applying for or maintaining the card. In addition, the card is not tied to a current account, so it can be used flexibly with an existing current account.

Versatile uses

The Klarna Card can be used both in online trade and in stationary retail. Since it is a real credit card and not a prepaid or virtual card , it can also be used for a deposit at hotels or with car rental companies .

No foreign currency fees and fair exchange rate

Another advantage of the Klarna credit card is that there are no foreign currency fees . This means that you can also make payments in other currencies, such as US dollars, at no additional cost. The conversion rate is extremely fair and corresponds to the rate set by Visa, which is often the best on the market.

Individual design and user-friendly online banking

The Klarna Card can be requested in different individual colors, which is often only the case with premium products from other providers. In addition, Klarna offers simple and clear online banking that can be used directly on the smartphone. In the app you can see all payments made at a glance and receive notifications of new transactions.

Flexible billing and payment options

The billing of the Klarna Card is extremely flexible. Customers can generally specify what type of repayment they want or even decide how they want to pay after each purchase. Klarna offers three options to choose from:

• Immediate settlement of the checking account
• Settlement by invoice after 14 days
• payment in installments

The first two payment methods are completely free, while paying in installments incurs fees.

Mobile payment with Apple Pay and Google Pay

The Klarna credit card supports both Apple Pay and Google Pay , which enables contactless payment with the smartphone. This is particularly practical if you want to leave your card at home or pay amounts over 50 euros without a PIN and signature.

Overall, the Klarna credit card offers numerous benefits and features that make it an attractive option for anyone looking for a flexible and free credit card.

Klarna credit card - disadvantages 

As with any financial product, there are some aspects of the Klarna credit card that can be considered less advantageous. In this section, we will highlight these points and present possible solutions to compensate for these disadvantages.

• Cash withdrawals not possible:
• A disadvantage of the Klarna Card is that it does not allow cash withdrawals, either within Germany or abroad. Users should therefore rely on other cards or services to withdraw cash should the need arise at all.
• High interest rates for installment payments:
• Although interest rates are relatively low compared to other credit cards , they can still make a difference. In order to avoid high interest rates, users should use the immediate payment function and the 14-day purchase on account.
• Variable credit limit:
• Instead of a fixed credit line, Klarna offers a variable "shopping power" that can vary depending on payment behavior and creditworthiness. However, reliable payments help to increase shopping power in the long term.
• Unable to top up the card:

Another weakness of the Klarna Card is that it cannot be topped up to increase the credit limit for larger purchases. 

Despite some disadvantages, the Klarna credit card is a useful product for many users, especially due to its flexibility and free use. 

No insurance benefits with the Klarna Card

An interesting aspect to note about the Klarna credit card is the lack of insurance benefits. Unlike some other credit cards, the Klarna Card does not offer any additional insurance.

If you're looking for a credit card that offers additional insurance, you should consider other options. Here are some examples of credit cards that offer insurance :

• Barclays Visa:
  The Barclays Visa is a credit card that, in addition to a free main card, also offers various insurance services such as travel insurance and comprehensive rental car insurance.
• Bank Norwegian credit card:
  Bank Norwegian offers a credit card that includes various insurances in addition to free use. With this card you benefit from travel and luggage insurance.
• TF Mastercard Gold:
  This card offers a variety of insurances such as travel health insurance, travel cancellation insurance, fully comprehensive rental car insurance and third-party liability insurance for trips abroad. In contrast to the Klarna Card, however, there is an annual fee for this card.

How do I apply for the Klarna credit card? 

The application process for the Klarna credit card is uncomplicated and fast. Here you can find out what steps are required to apply for your Klarna credit card.

Requirements for the application

In order to apply for the Klarna Card, you must be at least 18 years old and have used the Klarna service for transactions before. This includes payments by direct transfer, installment purchase or on account.

Step-by-step instructions for applying for the Klarna credit card:

• Download Klarna app: Install the Klarna app on your smartphone.
• Enter IBAN: Enter the IBAN of your checking account from which the transactions are to be debited.
• Transfer to Klarna: Transfer 10 cents to Klarna to link your checking account. The amount will then be returned to you.
• Confirm application via SMS TAN: Confirm the application for the Klarna credit card with an SMS TAN that will be sent to you.

Practically, neither a Postident nor a Videoident procedure is required for authentication. As an alternative to the digital application process, you can also print out the credit card contract, sign it and send it to Klarna.

Overall, the application process for the Klarna credit card is very user-friendly and allows you to enjoy the benefits of this credit card quickly and easily.

Cancellation of the Klarna credit card

If you want to terminate the contract after conclusion, you can do this easily and quickly. Send the notice of termination by post (registered mail, fax or letter) to Klarna AB and mention the appropriate customer service contact to reach the relevant department. The contact information, fax number or address can be found on the Klarna website.

The Klarna Card offer at a glance

The Klarna credit card offers a number of attractive advantages that set it apart from many other credit cards. Here is an overview of the most important points:

• No fees
• Regardless of a checking account
• Flexible payment
• Individual payment method for all payments
• No foreign currency fees
• Contactless and mobile payment
• Apple Pay und Google Pay
• Klarna app for full control
• Easy application
• Individual colors and exclusive bonus offers

Evaluation of the Klarna credit card: for whom is it suitable?

The Klarna Card convinces as a free credit card, but is more suitable as a supplementary card, since money withdrawals are not possible. It is ideal for online shoppers and frequent travelers who want to benefit from the absence of foreign currency fees and flexible handling.

The user-friendly Klarna app is also used to manage your purchases and offers an excellent overview of your transactions. The card supports contactless payments via Google Pay and Apple Pay. 

Please note, however, that payment deadlines must be observed when purchasing on account in order to avoid reminder fees, and that high interest rates may apply when purchasing in installments.

Overall, we think that the Klarna Card is particularly interesting for people who mainly pay without cash, be it online, with a card or via smartphone.