Credit card interest is made up of the 3-month Euribor and a margin. For Nordea cards, the margin ranges between 9.5% and 14.9%.
The nominal interest rate of a credit card refers to the annual interest costs only. However, when comparing credit cards, it’s good to remember that in addition to the nominal interest, you often also have to pay card fees.
Consider the monthly fee and possible account management fee when comparing cards
The usual credit card fees include the monthly card fee and, possibly, an account management fee. The account management fee is a charge that banks levy whenever the credit card has outstanding debt that you have to pay interest on. Nordea will no longer charge an account management fee on cards issued in May 2026 or later, but the fee may still be applicable to other credit cards.
If you use your card’s credit facility often, you should consider getting a card with a low margin and a small account management fee – or preferably, no account management fee at all.
If you rarely use your credit card and usually repay your credit card debt quickly, a card with a low monthly fee may be the most cost-effective choice. In Nordea’s service-specific tariff, the monthly fees for our cards range between 2.99 and 16.99 euros.
However, all of the cards listed on this page can be included in our service packages, which may have a lower monthly fee than that of an individual card. We can offer many of our customer our most affordable service packages free of charge or for a monthly fee of less than one euro.
Read more about our service packages
Annual percentage rate helps you understand the total costs
Take a look at our example calculations of the annual percentage rate for different credit cards. Besides interest expenses, the calculations include the monthly fee charged for a credit card taken on its own. This fee is 2.99 euros in all calculations. Note that the monthly fees stated in the calculations do not account for any additional credit card services, such as insurance.
On the other hand, the cost of a credit card can be lower than in the calculations stating the annual percentage rate if the card is included in a service package.
Read more about annual percentage rate
.svg)
