Swedbank Credit Card

Special offer until 30.09.

Credit card. For shopping with confidence!

Special offer for Gold and Standard credit card: no issuance fee and no monthly card administration fee will be applied until the end of this year.*

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

Borrow responsibly by fairly assessing your loan repayment capabilities.
Special offer valid if you apply for Credit Card from 19 August to 30 September.
*From 01.01.2021, the regular monthly fee will apply. If you have previously had the same type of credit card, the special offer applies to you only if at least 3 months have passed since you’ve cancelled your card.

Introducing the new payment card design! New modernized and simplified design cards can already be seen in internet bank and app. A new design physical card will be issued when your old one expires or when a new card is ordered.

Play the game “Know, guess, insure!”

Find out in what cases and what goods are covered by the credit card purchase insurance.

Play now
  • Credit limit from 300 EUR
  • 180-day purchases insuranceis 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 special offers.
  • You can also take out extra cards for your family members. Each additional cardholder enjoys the same privileges as you.

Terms of Use of Credit Cards

  • Manage your credit card in via Internet Banking and Swedbank mobile app: block and unblock, manage limits and make repayments on the go.
  • You can start using the credit limit right after signing the credit card agreement - even before the card arrives.
  • You can transfer money, make payments and withdraw cash in ATMs directly from your credit card account.
  • Contactless payments - you'll be able to pay up to €50 by just 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 and pay lower issuing price.
  • Activate internet shopping feature.

When to pay back your used credit limit?

  • No interest will accrue for up to 30 days if you repay the amount of the credit limit you have used by the last day of the month.
  • Important! The interest-free period does not apply to cash withdrawals and Internet Banking transfers.
  1. Apply for the credit card via Internet Banking.
  2. We will inform you of 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 the credit card limit.
  5. Your card will arrive within 5 working days.
  6. When you receive your card, log in to Internet Banking or in mobile app and activate it there.

Income

  • Your after-tax income must be at least EUR 340 (for Visa Platinum EUR 670) per month.
  • 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 may not exceed 40% of your monthly income.
  • You may not have outstanding credits in Swedbank or from other creditors or unpaid bills for different services.
  • Be ready to submit the official documents evidencing the income if the expected source of repayment is not a salary/wages.
Service Price, EUR
Receiving
Ordering the card Easier via Internet Banking Free of charge The way of receiving the card can be selected via Internet Banking. Countries to which card delivery by post is not available: Bosnia and Herzegovina, Guyana, Laos, Serbia, Trinidad and Tobago, Uganda, Vanuatu, Crimea, Moldova, Cuba, North Korea, Iran, Iraq, Libya, Sudan, South Sudan, Syria, Myanmar (Burma), Liberia, Ecuador, Ethiopia, Pakistan, São Tomé and Príncipe, Lebanon, Zimbabwe, Bolivia, Ghana, Kenya, Nigeria, Sri Lanka, Tanzania, Thailand, Afghanistan, Yemen, Egypt, Eritrea, Gambia, Guinea and Guinea-Bissau, Somalia, Tunisia, Ivory Coast (Côte d'Ivoire), Haiti.
Card production and delivery Best value by post 2.00-4.00 By post in Latvia - 2.00
At branches - 4.00
The fee is debited automatically upon activation of the card. The production and delivery fee for a card produced after expiry of the previous card's validity period is payable by the customer in the last month of the validity period of the previous card or upon activation of the card.
Accelerated production and delivery of card
In branch Ķīpsala, Spice Collectable within 4 hours 35.00 The fee is charged in addition to the production and delivery fee. Accelerated card production and delivery can be ordered at branches or by phone via Telephone Banking on 67 444 444. If the card is ordered on business days by 13:30, it will be produced and delivered to branch Ķīpsala (Riga, Balasta dambis 15) or Spice (Riga, Jaunmoku iela 13, s/c Spice Home) within 4 business hours. Next business day delivery to other branches in and outside Riga.
Other branches in and outside Riga Collectable on the next business day 35.00 The fee is charged in addition to the production and delivery fee. Accelerated card production and delivery can be ordered at branches or by phone via Telephone Banking on 67 444 444. If the card is ordered on business days by 13:30, it will be produced and delivered to branch Ķīpsala (Riga, Balasta dambis 15) or Spice (Riga, Jaunmoku iela 13, s/c Spice Home) within 4 business hours. Next business day delivery to other branches in and outside Riga.
Using
Monthly fee 1.42 The fee is debited from the account linked to the credit card on the monthly payment date set in the agreement. The fee is debited automatically for each month when the card has been in customer’s use.
Purchases in Latvia and abroad Free of charge
Currency exchange mark-up 2% The fee is charged if the transaction (purchase or cash withdrawal) is made in a currency other than the card currency. Information about current exchange rates is available on the websites of the international card organizations www.mastercard.com and www.visaeurope.com
A transfer from the credit card account See Payments Fees for transfers from the credit card account are identical to those for payments from the current account.
Cash transactions See Cash transactions in ATMs and retail outlets
Purchase Insurance Free of charge More about Purchase Insurance.
Interest-free period Until end of the current month The interest-free period applies to card purchases only. The interest-free period does not apply to cash withdrawals and transfers.
Interest rate per annum on amount outstanding From 20% The interest rate is set individually and depends on the customer’s credit history, amount of loan obligations, and transfers of regular income to their account with Swedbank.
Exceeding the credit limit and using the credit limit not repaid on time 0.167% of the exceeded amount per day
Change of date of monthly payments or change of the linked account Best value via Internet Banking 0.00 - 7.00 Via Internet Banking - 0.00
At branches - 7.00
Early partial repayment of credit Easier via Internet Banking Free of charge
Other changes in the credit card agreement 14.00 0.00 - 14.00 Via Internet Banking – 0.00
At branches – 14.00
Internet Banking fee applies to raising the credit limit.
Balance in ATMs
In Swedbank ATMs in Latvia Free of charge
- In ATMs of other banks 0.40
Printout of last 5 transactions in Swedbank ATMs in Latvia 0.20
Emergency cash assistance in Western Union service points 42.00 In cases of loss or blocking of the card.
Claim processing Free of charge Cards can be easily and quickly suspended in the mobile app, and will be closed automatically within 10 days.
Closing
Closing the card Easier Internet Banking and the mobile app Free of charge Cards can be easily and quickly suspended in the mobile app, and will be closed automatically within 10 days.

Effective from 01.07.2018.

  • Bicycle got stolen
  • Child tore their winter parka in kindergarten
  • Glasses got broken
  • Computer got damaged
  • Skis got broken
  • Surfing equipment got damaged
  • And many more

Purchase Insurance Terms and Conditions

Purchase Insurance for Swedbank Credit Card Holder IPID

  • 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 incl. clothing, sports equipment, tech gadgets etc. for 180 days from the day of purchase.
  • To file insurance claim, you need to present the 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 1000 EUR
  • One insured event 2000 EUR
  • One year 4000 EUR
  • Special group of Insured Items 400 EUR*
  • Excess per insured event is 30 EUR

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

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Discounts and offers for Swedbank credit card users.

All offers

Works like hire purchase: useful for bigger purchases or unforeseen expenses.

Comes with travel insurance for the whole family and protects most of your purchases.

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

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

Card related questions and card claims

Insurance related questions and claims

  • +371 67 444 449
  • Insurance is provided by Swedbank P&C Insurance AS Latvian branch.

Make insurance claim

You have already presented an application for this product. Do you want to fill a new application?