The Handelsbanken Allkort Mastercard is a basic credit card offered by Handelsbanken. It provides bonuses, insurance, and other benefits, making it a solid choice for daily use.
To apply for the Handelsbanken Allkort Mastercard online in Sweden, follow these steps for a smooth application process.
How good is the Handelsbanken Allkort Mastercard?
The Handelsbanken Allkort Mastercard is a solid option for those looking for a reliable credit card in Sweden. It offers bonuses on all purchases, which adds value to daily spending.
The card also provides comprehensive travel insurance if at least 50% of the trip is paid for using the card.
While the Handelsbanken Kreditkort Platinum offers more exclusive benefits, the Allkort Mastercard is a good choice for those seeking practical rewards and insurance features without a premium card.
Credit & Fees
The Handelsbanken Allkort Mastercard offers a competitive credit line and fees suited for Sweden-based cardholders. The annual fee is SEK 360, and the highest available credit limit is SEK 100,000.
Interest rates start at 10.35%, with an effective rate ranging between 11.10% and 29.70%. Cardholders benefit from 45 interest-free days. The withdrawal fee is 1% with a minimum of SEK 10, and there’s no currency surcharge.
Reminder and late fees are SEK 50 and SEK 100, respectively, while the overdraft fee is SEK 100. The minimum monthly payment is 5%, with a minimum of SEK 150.
Requirements to Be Granted
Certain criteria must be met to apply for the Handelsbanken Allkort Mastercard in Sweden.
These requirements ensure that applicants are financially capable and meet the necessary standards set by the bank.
- Age Limit: At least 18 years
- Minimum Income: SEK 100,000 annually
- Employment Status: Must be a full-time employee, and Unemployed applicants cannot be granted
- Payment Remark: Not allowed
Credit Terms for Handelsbanken Allkort Mastercard
Understanding the credit terms of the Handelsbanken Allkort Mastercard is essential for managing finances effectively.
These terms outline the interest rates, fees, and payment obligations that come with the card.
- Interest Rate: 14.10%
- Effective Interest Rate: 16.50%
- Maximum Credit Limit: SEK 20,000
- Interest-Free Period: Up to 45 days
- Minimum Monthly Payment: SEK 150
- Late Fee: SEK 100
- Overdraft Fee: SEK 100
Handelsbanken Allkort Interest Rate
The interest rate on the Handelsbanken Allkort Mastercard is currently set at a nominal rate of 14.10%, with an effective interest rate of 16.50%.
This places it among competitive options in Sweden, offering a relatively low interest rate compared to some other cards. Benefits may be more limited, but the focus remains on cost-effective borrowing.
What Other Fees May Apply?
Additional fees to consider when applying for the Handelsbanken Allkort Mastercard include:
- Annual fee: SEK 360
- Currency surcharge: 1.65%
- Withdrawal fee in the EU: SEK 0 (up to SEK 12,000 per 4 days)
- Withdrawal fee outside the EU: SEK 40 per withdrawal (up to SEK 12,000 per 4 days)
- Extra card fee: SEK 100 per year
These fees apply on top of the interest rate, so be mindful of them when managing the card in Sweden.
What Requirements Must Be Met?
To apply for the Handelsbanken Allkort Mastercard in Sweden, the following requirements must be met:
- Be at least 18 years old.
- Have a full-time job.
- Be debt-free, with no payment notes.
- Have access to BankID.
Handelsbanken reviews this information through UC's credit report. If the credit rating is insufficient, the application will be denied.
How to Apply Online
Here’s how to apply for the Handelsbanken Allkort Mastercard online. Follow these steps for a smooth process:
- Go to Handelsbanken’s official website. Confirm you're on the correct page to avoid scams.
- Locate the application form and enter personal details like name, address, and date of birth.
- Provide financial information such as income and employment status. Ensure everything is accurate to prevent issues.
- Review all entered details. Check for mistakes or missing information.
- If everything is correct, submit the form. Expect a confirmation email shortly after submission.
What Other Benefits, Discounts and Offers Does Handelsbanken Have?
Handelsbanken Allkort Mastercard provides the convenience of consolidating all purchases into one invoice. Cardholders can also pay in installments, making it easier to manage monthly expenses.
The card offers various discounts and promotions, which are updated monthly. These offers include savings on fuel, clothing, luggage, and home furnishings.
However, access to these offers is restricted to logged-in users, making it difficult to compare the benefits with other credit cards. This may limit the visibility of the card's full range of benefits when considering it as an option.
Handelsbanken Allkort's Travel Insurance
Handelsbanken Allkort Mastercard provides solid travel insurance that covers key aspects of your trip. To benefit from it, at least 50% of the trip cost must be paid using the card.
The cardholder, their spouse, common-law partner, registered partner, and children under 23 are covered. Grandchildren under 23 are also included if they travel with a grandparent.
Included in the coverage:
- Cancellation protection
- Baggage delay protection
- Delay cover (per person)
- Emergency cash
- Accident protection
- Excess rental car coverage abroad
- Deductible protection for home and car insurance
Not included:
- Trip cancellation
- Travel start protection
- Emergency tickets
The insurance package is comprehensive, covering most travel-related risks, but lacks certain protections like trip cancellation and travel start coverage.
Handelsbanken's Contact Information
Handelsbanken provides solid customer service, known for its reliability and availability. The bank can be contacted 24/7 for assistance. Make sure to have your bankID ready when you reach out for personal service.
Here are the contact details:
- Company Name: Swedish Handelsbanken AB
- Organization Number: 502007-7862
- Address: Kungsträdgårdsgatan 2, 106 70, Stockholm
- Phone: 08-7011000
Check the "Frequently Asked Questions" section on the Handelsbanken website for quicker assistance. This can help resolve common issues before contacting support.
Conclusion
The Handelsbanken Allkort Mastercard offers a practical solution for Sweden-based individuals seeking a credit card with competitive interest rates, reliable customer service, and useful benefits like travel insurance and discounts.
With manageable fees and a straightforward application process, it caters to those looking for a balance between affordability and everyday rewards.
Disclaimer
The information provided regarding the Handelsbanken Allkort Mastercard, including interest rates, fees, and benefits, is subject to change.
It is important to verify all details directly with Handelsbanken before making any financial decisions. Always review the terms and conditions provided by the bank.
