Cashback | Get cashback for the purchases you make on credit

How you benefit from cashback

Cashback means that you will get a cash reward for the purchases you pay with your credit card. You can earn rewards by charging your purchases to your card’s credit facility.

For example, if you buy clothes for 1,000 euros and pay for them with your credit card, you will get a cashback reward amounting to 0.5% to your credit account, which in this case is 5 euros.

We will pay the cashback rewards you have earned to your credit account once a month. This means that you won’t see the reward in your credit account immediately after your purchase, as it will be paid to you when the next invoicing period starts.

The maximum cashback reward is 150 euros per calendar year.

An economical way to use your credit card

If you use your credit card excessively, you may end up taking on too much debt. When you pay with your credit card, it’s sensible to pay back what you owe within 30 days to avoid accruing interest or other costs.

Nordea Platinum: our first card with cashback

Nordea Platinum and Nordea Black, which is offered to Private Banking customers, are our first credit cards including the cashback feature. The cards offer two different cashback rewards:

a reward of 0.5% for all purchases paid on credit, excluding cash transfers and gambling.
a reward of 0.7% for payments made in foreign currencies outside the euro area – this reward is applied until further notice to credit card payments in Sweden, the UK or the US, for example.

Limited-time offer

Nordea Platinum with no monthly fee

Nordea Platinum - basic card image - 640x360

You now get Nordea Platinum with no monthly fee until 30 April 2026.

Discover Nordea Platinum

Frequently asked questions about cashback

How do I activate cashback?

You can use cashback right away when you have Nordea Platinum or Nordea Black – no separate activation is necessary.

Where do I see the cashback rewards I have earned?

You can see your cashback reward from the previous month by looking at your credit card invoice or your card transactions in Nordea Mobile or Netbank.

Will the cashback be paid directly to my bank account?

No, the cashback reward will not be paid directly to your bank account. It will be paid to your credit account.

Can I withdraw my cashback rewards in cash?

Since your cashback rewards are paid to your credit account, you should primarily use them towards any new credit card payments. But if you need to, you can transfer money from your credit account to your bank account.

Please note that interest will begin accruing on any money you transfer from your credit facility from the day of the transfer. If your card has been issued before 1 September 2019, these transfers are also subject to a one-time fee.

What will happen to my cashback rewards if I return a product that I paid on credit?

If you return a product that you paid on credit, the cashback reward you earned for the purchase will be deducted from your total reward after you have been refunded for the product.

Will my cashback rewards expire if I don’t use my credit card?

No, your cashback rewards won’t expire even if you don’t use your credit card. They will stay in your credit account and you can use them whenever you want.

Where can I learn more about the Nordea Black card?

Nordea Black is available exclusively to selected Nordea Private Banking customers.

Credit card costs

Calculation for Nordea Black

Credit card costs and annual percentage rate

Note that we charge interest on credit card payments if you don’t pay off your credit balance within 30 days. However, if you use your credit card to withdraw cash or transfer money to your bank account, we will charge interest starting from the withdrawal date.

See below for our example calculation on the annual percentage rate on Nordea Platinum. Besides interest expenses, the calculation includes the fees charged for the credit facility, which makes it useful if you want to compare the costs of different loans and credit facilities.

Example calculation

With a Nordea Platinum credit card, the annual percentage rate for an outstanding credit balance of 1,500 euros is 12.1% when the 3-month Euribor reference rate is 1.98% (June 2025), the monthly account management fee is 0 euros, you have opted for the free e-invoice and repay the credit in 12 monthly instalments (133 euros). The estimated total cost of the credit is 1,595 euros. The calculation assumes that the monthly fee is 0 euros. The creditor is Nordea Bank Abp, Satamaradankatu 5, Helsinki, or Nordea Finance Finland Ltd, Aleksis Kiven katu 9, Helsinki.

Example calculation for Nordea Black

With a Nordea Black credit card, the actual annual percentage rate of charge for an outstanding credit balance of 1,500 euros is 19,28% when the 3-month Euribor reference rate is 3,89% (07/2024), the monthly account management fee is 4.50 euros, the customer has opted for the free e-invoice and repays the credit in 12 monthly instalments (137 euros). The estimated total cost of the credit is 1,648 euros. The calculation assumes that the customer pays no fee for the principal card. The creditor is Nordea Bank Abp, Satamaradankatu 5, Helsinki, or Nordea Finance Finland Ltd, Aleksis Kiven katu 9, Helsinki.

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