Invoice terms and calculation examples
* Invoice terms
Every month, you will receive an invoice where the previous month's purchases and withdrawals are reported. The cut-off date for the bill is around the 4th of each month. If you buy something, for example, on 7 September, it does not need to be paid until the October bill, which is due on the last day of October. If, on the other hand, the purchase is completed on 3 September, the purchase will be on the September notice and must be paid no later than the end of September. If you pay the entire balance of the period on the invoice, no costs will be added (except for any paper fee).
** Calculation example
Annual interest on credit utilization, f.n. 16.49% (2024-09). With a credit utilization of SEK 20,000 that is paid off with 1/36 of the total debt in 11 months and the remaining part of the debt in month 12, the effective interest rate is 21.10% and the total amount to be paid is SEK 23,610. Average amount per month: SEK 1,968 including administration fee.
Annual fee 225 SEK. Administration fee for credit utilization: currently 25 SEK/month. If you pay your entire closing balance each month, no interest or administration fee will be charged. The card is issued in cooperation with Nordea Finance, which is the lender.
Card issuer
The card issuer is Nordea Finance Sverige AB (publ), org.nr 556021-1475/VAT group no. 663000019501. The Board of Directors is based in Stockholm.