Revolving credit card

Special offer

Credit card - for shopping with confidence

Special offer: No monthly fee until 31.12.2020 for Gold and Standard credit cards ordered during the period of 19.08 until 30.09.2020.*

  • 180-day purchase insurance for most items purchased with credit card in shops and online.
  • Up to 30-days interest-free period.
Apply

*As from 1 January 2021, the standard monthly fee specified in the price list will apply for the cards. If you have had the same type of credit card previously, the special offer applies to you only if at least 3 months have passed since you’ve cancelled your card.

Swedbank will stop offering Revolving credit cards as Visa cards as of 22 January 2020.

  • As of this date, we will issue new and replaced Revolving credit cards as Mastercard cards.
  • Revolving credit cards subject to automatic renewal, which according to the date on the card expire in 03/2020 or later, will be renewed as Mastercard cards after their expiry.
  • Credit limit from 300 EUR
  • 180-day purchases insurance is valid for most items purchased with credit card payment or by transfer from a credit card account.
  • Book and pay for hotels and use car rental services.
  • Up to 30-day interest-free period for used credit card limit.
  • Discounts and reward points.
  • You can also take out extra cards for your family members. Each additional cardholder enjoys the same privileges as you.

Terms and conditions of the agreement on the use of revolving credit card

  • Manage your credit card in Ibank and Swedbank app: block and unblock, manage limits and make repayments as you go.
  • You can start using the credit limit right after signing credit card agreement - even before card arrives.
  • You can transfer money, make payments and withdraw cash at the ATM directly from your credit card account.
  • Contactless payments - you'll be able to pay up to €50 only by tapping the card to the terminal. No PIN, no hassle, just quick and safe shopping.
  • Make your purchases easily with contactless payments - Apple Pay, Garmin Pay, Fitbit Pay and mobile contactless payments for Android smartphone users.
  • Choose to receive your card by post for free.
  • Activate internet shopping option.

When to pay back your used credit limit?

  • No interest will be calculated up to 30-days if you repay the amount of the credit limit you have used by the last day of the month.
  • Please notice! The interest-free period does not apply to cash withdrawals and transfers from limit account.

Log into the Internet bank and see if you have received a personal offer. If there is an offer, you can enter into an agreement without submitting an application.

If not, follow these easy steps:

  1. Apply for the credit card in the Internet bank.
  2. We will inform you about the decision by phone or via SMS.
  3. Read the conditions, accept them and sign the agreement.
  4. After signing the agreement you can immediately start using credit card limit.
  5. Your card will arrive within 5-7 working days.
  6. When you receive your card, log into the Internet bank and activate it there.

Income

  • Your income must be at least 490 EUR (for Visa Platinum 670 EUR) per month after tax.
  • You must be earning a steady income for at least 6 consecutive months and your probation period must be over.

Obligations

  • Monthly expenses for covering your credits must not exceed 40% of your monthly income.
  • You do not have outstanding credits in Swedbank or from other creditors or outstanding bills for different services.
  • Be ready to submit the official documents evidencing the receipt of the income if the expected source of repayment is not a salary/wages.

 

Effective as of 09.03.2020
Revolving credit card When paying for goods or services with the private person’s Revolving credit card, the bank shall not calculate interest as from making the transaction with the respective card until the last day (incl.) of the same month, after the aforementioned period, the bank shall begin calculating interest. Upon making a payment and withdrawing cash from the limit account, the bank shall begin calculating Interest immediately, unless the amount of the aforementioned transactions remains within the positive balance of the limit account.
monthly fee 1,30€, free of charge for people up to 25 years of age
monthly fee of an additional card 1,30 €
annual interest rate 19-22%
penalty ECB interest rate + 8% a year (currently 0.022% a day, 8.00% a year) The interest rate applicable to the main refinancing operations of the European Central Bank (the ECB interest rate). The ECB interest rate is published in the Ametlikud Teadaanded. The default interest rate may change twice a year (on January 1 and July 1) if the ECB interest rate has changed.
Fixed payment credit card
annual interest rate 19-22%
penalty ECB interest rate + 8% a year (currently 0.022% a day, 8.00% a year) The interest rate applicable to the main refinancing operations of the European Central Bank (the ECB interest rate). The ECB interest rate is published in the Ametlikud Teadaanded. The default interest rate may change twice a year (on January 1 and July 1) if the ECB interest rate has changed.
debt notice 3 €
Gold Revolving credit card When paying for goods or services with the private person’s Gold Revolving credit card, the bank shall not calculate interest as from making the transaction with the respective card until the 10th calendar day (incl.) of the following month, after the aforementioned period, the bank shall begin calculating interest. Upon making a payment and withdrawing cash from the limit account, the bank shall begin calculating interest immediately, unless the amount of the aforementioned transactions remains within the positive balance of the limit account.
monthly fee 4,96 €
monthly fee of an additional card 3,36 €
annual interest rate 17-20%
penalty ECB interest rate + 8% a year (currently 0.022% a day, 8.00% a year) The interest rate applicable to the main refinancing operations of the European Central Bank (the ECB interest rate). The ECB interest rate is published in the Ametlikud Teadaanded. The default interest rate may change twice a year (on January 1 and July 1) if the ECB interest rate has changed.
debt notice 3 €
Visa Platinum credit card When paying for goods or services with the Visa Platinum Credit Card, the transaction amount is subject to an up to 40-day interest-free period (between the date of purchase and the payment date). Upon making a payment and withdrawing cash from the limit account, the bank shall begin calculating interest immediately, unless the amount of the aforementioned transactions remains within the positive balance of the limit account.
monthly fee 12,90 €
monthly fee of an additional card 10,90 €
Visa Platinum extra package 160,20 € a year If the period between ordering Visa Platinum extra package and expiry of Visa Platinum card is less than one year, the Bank will debit a fee for an extra package in full amount.
The price is inclusive of VAT at the rate of 20%.
annual interest rate 14-17%
penalty ECB interest rate + 8% a year (currently 0.022% a day, 8.00% a year) The interest rate applicable to the main refinancing operations of the European Central Bank (the ECB interest rate). The ECB interest rate is published in the Ametlikud Teadaanded. The default interest rate may change twice a year (on January 1 and July 1) if the ECB interest rate has changed.
the Priority Pass salon visit fee
for holder of Visa Platinum card with extra package free of charge
for holder of Visa Platinum card without extra package 28 € per visitor
for persons accompanying Visa Platinum cardholder 28 € per visitor

General service and transaction fees

Card opening fee
opening a card at branch 2,50 €
opening a card in Internet Bank 1,50 €
Payment in a commercial enterprise free of charge
Cash withdrawal 1,92 € + 2.5% of the amount
Transfer from credit card limit account according to regular bank transfers pricelist
Replacement of a card 7 €
Statement of transactions
in last month free of charge
a previous month 4 € per month
Amendment of a credit card agreement If upon the renewal of a credit card on the basis of an application, the credit limit of the credit card is rounded by increasing or decreasing the credit limit up to 50 € (incl.), no fee for amending the credit limit shall be charged when increasing or decreasing the credit limit.
increase of credit limit at branch 1% of the requested additional limit, min 10 €
increasing of credit limit in the Internet Bank 3,20 €
amendment of the agreement at branch 10 € (excluding changing the user limits)
amendment of the agreement in the Internet Bank free of charge
Closure of a credit card free of charge
Penalty for using a closed card 65 €
Copy of a receipt (inquiry)
a transaction in Estonia 4 €
a transaction abroad 8 €
Balance inquiry and statement in Swedbank’s terminals in Estonia free of charge
Balance inquiry in other bank’s terminals in Estonia and abroad The availability of the service in a foreign country depends on the foreign bank's ATM technical possibilities and service can be used with MasterCard/Maestro cards. 0,32 € per query
Demand for refund, unjustified
a transaction in Estonia 12 €
a transaction abroad 16 € (In case disputing card transaction made abroad, additional costs of the card organisations may apply)
Emergency cash assistance in abroad in Western Union service points If the ordered service is canceled, the bank will not refund the service fee. 40 €
Sending a card from one branch to another The price is inclusive of VAT at the rate of 20%. 2,50 €
Sending a card by mail
mail (Estonia) free of charge
Conversion fee for transactions in foreign currencies Added to the amount of every transaction made with the card if the card transaction is in a currency other than the euro.
VISA or MasterCard 1% of transaction amount
Renewal of primary and additional card free of charge
Retrieval of bank cards from other banks from Swedbank ATMs 30 €
  • Bicycle was stolen.
  • Child broke his winter parka in kindergarten.
  • Glasses were broken.
  • Computer was damaged.
  • Skis were broken.
  • Surfing equipment was damaged.
  • And many more.

Purchase insurance terms and conditions

  • Purchase insurance applies to goods purchased with credit card at stores and online.
  • It compensates expenses on repair or replacement of durable goods* in case of theft, damage or destruction even if it was done unintentionally by the card holder himself.
  • It applies to most purchases inlc. clothing, sports equipment, tech gadgets etc. for 180 days from the day of the purchase.
  • To claim you need to have purchase document or payment information.

*Durable goods are items with a lifespan of at least 3 years. The lifespan of a product is determined by the manufacturer.

Sums insured are determined for each insured item, insured event and calendar year.

  • One item € 1,000.
  • One insured event € 2,000.
  • One year € 4,000.
  • Items with limited compensation* €400.
  • Excess per insured event is €30.

*Computers, computer parts and external devices; mobile phones; glasses, incl. sunglasses; watches; unique items, jewelry (incl. precious stones, precious metals and pearls); items made of fur.

Works like instalments: useful for bigger purchases or unforeseen expenses.

Gives you travel insurance for the whole family and protects most of your purchases.

Swedbank's best travel insurance, unlimited access to Priority Pass airport lounges and rental car insurance.

Insure your credit card repayments and get financial safety in case you unexpectedly fall ill or loose your job.

Card related questions and card claims

Insurance related questions and claims

  • 888 1513
  • Insurance is provided by Swedbank P&C insurance AS.

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