The Norwegian Bank Visa was highly regarded in 2015, especially for earning free flights, but the credit card landscape has shifted significantly in 2024. Despite the changes, the Norwegian Bank Visa remains a solid option for those looking for rewards and manageable interest rates in Sweden.
This guide is designed to explain the application process for the Norwegian Bank Visa. It provides essential steps and details to navigate the process easily and maximize the card's benefits.
Norwegian Bank Visa: Key Points
The Norwegian Bank Visa offers several benefits for users in Sweden, making it an attractive option for credit card holders.
- Earn CashPoints or Cashback: Get rewarded for everyday purchases with either CashPoints or Cashback.
- No Annual Fee: This card comes without an annual fee, keeping costs low.
- Interest-Free for 45 Days: Users can enjoy up to 45 days of interest-free credit.
- Insurance on Groceries and Travel: Additional protection, including groceries and travel insurance.
- Up to SEK 150,000 in Credit: Access to a credit limit of up to SEK 150,000, suitable for a range of spending needs.
- Free Cash Withdrawals Abroad: Enjoy no fees on international cash withdrawals, which is convenient for travelers.
- Optional Dental Protection: Add dental protection for further peace of mind.
What is the Bank Norwegian Visa?
The Bank Norwegian Visa is a credit card offered by Bank Norwegian, designed with no annual fee. It provides several benefits that make it an attractive choice for Swedish residents.
Key features include a dual reward system, travel and purchase protection, mobile payments, and optional extras.
Main benefits include:
- CashPoints: Earn CashPoints with every purchase. These can be redeemed for travel rewards, including flights.
- Cashback: Earn cashback on all purchases. The cashback rate is 0.5% for most purchases and 1% when booking flights.
- Travel Insurance: Includes travel insurance that covers lost luggage, medical expenses, and cancellation costs.
- Purchase Protection: Offers purchase protection for damage or theft within 90 days of purchase.
- Mobile Payments: These are compatible with Apple Pay, Google Pay, and Samsung Pay for convenience payments.
Rewards: CashPoints or Cashback?
The Norwegian Bank Visa offers a flexible reward system for residents in Sweden.
Cardholders can choose between two reward options: CashPoints and Cashback. Both systems allow users to benefit based on their spending preferences.
Cashback
Cashback is the simpler option. Every time you use your Norwegian Bank Visa, you earn 0.5% cashback on purchases. The cashback can be used to pay off your credit card balance at the end of the month.
If you previously earned CashPoints and switch to cashback, your CashPoints remain untouched, and you can switch back at any time.
Key Benefits:
- 0.5% Cashback on purchases
- Withdraw cashback at any time
- 1 Cashback equals 1 SEK
CashPoints
The CashPoints system is the original reward option tied to Norwegian Airlines. You earn CashPoints on purchases, and these points can be used to redeem flights with Norwegian Airlines.
Key Benefits:
- 0.5% CashPoints on merchandise purchases
- 3% CashPoints on LowFare tickets
- 4% CashPoints on LowFare+ tickets
- 5% CashPoints on Flex tickets
1 CashPoint equals 1 NOK and can be redeemed for flights, making it ideal for those who travel frequently.
Norwegian Bank Visa Insurances
The Norwegian Bank Visa includes several valuable insurances with the free card: purchase protection, travel insurance, and grocery insurance. Extra coverage is available for an additional yearly fee.
Included Insurances:
Travel Insurance: This applies when at least 50% of the trip’s transport cost is paid using the Norwegian Bank Visa. Compensation is provided in case of trip cancellation or unexpected events during the holiday. Full coverage applies to trips paid for through the card.
Grocery Insurance: If the cardholder is on sick leave, laid off, or unemployed, the insurance provides compensation of up to SEK 10,000. This is automatically included when using the Norwegian Bank Visa for grocery purchases.
Optional Insurances:
- Dental Insurance
- Payment Protection
- Deductible Insurance for Car Rental
- ID Theft Insurance
How to Apply for the Norwegian Bank Visa Online
Applying online for the Norwegian Bank Visa is simple and convenient. Follow these steps to ensure the process goes smoothly.
Preparation: Required Documents and Financial Check
Before starting the application for the Norwegian Bank Visa, gather all necessary documents to avoid delays:
- Identification: Have a government-issued ID like a driver’s license, passport, or national ID card ready.
- Proof of Income: Prepare recent pay stubs or tax returns.
- Bank Account Details: These may be needed to verify financial status and set up payments.
Application Steps: Completing the Online Process
Once everything is prepared, proceed with the following steps to complete the application:
- Go to the Norwegian Bank's Official Website. Ensure you’re on a legitimate website to avoid scams.
- Find and Complete the Application Form: Enter details such as full name, address, and date of birth.
- Submit Financial Information: Include annual income and employment details. Accuracy is important to avoid issues.
- Review the Information: Double-check all entered information for any mistakes.
- Submit the Application: Apply, and a confirmation email should be received shortly after submission.
Why Get the Norwegian Bank Visa?
The Norwegian Bank Visa provides a practical solution for Swedish residents seeking a reliable and cost-effective credit card.
Its wide acceptance, flexible rewards, and additional benefits make it a valuable option for those looking to optimize their financial management.
No Annual Fees
The Norwegian Bank Visa offers users the advantage of no annual fees, making it a cost-effective credit card option.
Wide Visa Acceptance
As a Visa card, it is widely accepted in Sweden and internationally.
Visa is a widely accepted payment method in places where other cards like American Express or Mastercard might not work, ensuring you have a reliable payment option wherever Visa is accepted.
Flexible Reward Options
The card allows you to choose between earning points and cashback. For those who frequently travel, especially with Norwegian Airlines, opting for CashPoints could be beneficial.
Up to 10% cashback is available on flexible ticket purchases, making it a solid option for frequent travelers.
No Fees for Withdrawals in Sweden or Abroad
With the Norwegian Bank Visa, users can withdraw cash without additional fees, whether in Sweden or internationally. This is particularly useful when access to cash is necessary during travel.
Optional Dental Insurance
The card also offers an optional dental protection plan, allowing users to cover dental check-ups and treatments, providing added security not commonly found in low-fee cards.
Helps Build Credit Score
Using the Norwegian Bank Visa responsibly can contribute to building a credit history in Sweden (UC Score), potentially opening up opportunities for better loan rates and more premium financial products.
Contact Information for Norwegian Bank Visa
For any inquiries or assistance regarding the Norwegian Bank Visa, use the following contact details:
- Telephone number (within Sweden): 0800 7 238470
- From abroad: +47 2336 1692
Blocking Hotline (available 24/7, 365 days a year):
- Telephone number (within Sweden): 0800 7 238470
- From abroad: +47 2336 1692
Conclusion
The Norwegian Bank Visa remains a strong choice for Swedish residents in 2024, offering flexibility in rewards, no annual fees, and added benefits such as travel insurance and optional dental protection.
This card provides value, whether through cashback or CashPoints and offers a practical solution for those who want to manage their finances effectively while building their credit score.
Disclaimer: The information provided in this guide is for general purposes only. Terms, conditions, and offers for the Norwegian Bank Visa may vary. Always check the official Norwegian Bank website or contact customer service for the most up-to-date details.
