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Axo Group review

Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Axo Group's credit card suits people who clear their balance every month and spend at a hotel booking site or Zalando. The annual fee is NOK 0, so there is nothing to budget for yearly, and the cashback rewards the spending you already do.

Key facts

Best for
Paying your balance in full each month on everyday spend, mainly at a hotel booking site and Zalando.
Annual fee
NOK 0 (Source, checked September 26, 2026)
APR
22.85% to 29.89% (Source, checked September 26, 2026)
Currency conversion fee
1.75% (Source, checked September 26, 2026)
Rewards type
Cashback (Source, checked September 26, 2026)
Rewards rate
4% cashback at Booking.com, 10% on Zalando gift cards (TF Bank Mastercard) (Source, checked September 26, 2026)
Perks
Travel and cancellation insurance included (70 days), Free ID theft insurance, DealPass up to 30% discount with discount guarantee (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
Axo Finans AS (Source, checked September 26, 2026)
Headquarters
Norway (Source, checked September 26, 2026)
Founded
2008 (Source, checked September 26, 2026)
Support channels
Phone, Email (Source, checked September 26, 2026)
Pricing model
No annual fee
Features
Rewards
Official website
axogroup.com

Apps and profiles

Elsewhere
Trustpilot

Pros and cons

Pros

  • The annual fee is NOK 0, so keeping this credit card open costs you nothing at all in yearly fees.
  • Rewards come as cashback rather than points, and the listed extras add Travel and cancellation insurance included (70 days), Free ID theft insurance and DealPass up to 30% discount with discount guarantee to the same card.
  • The card is a credit card issued by Axo Finans AS, a Norwegian issuer under Finanstilsynet (Norwegian Financial Supervisory Authority) supervision.
  • The group behind the card has operated since 2008, and support runs on phone and email for questions about the account.

Cons

  • The purchase rate runs 22.85% to 29.89%, so any balance you carry from month to month is expensive to service.
  • Support runs on phone and email only, so there is no in-app chat or branch route listed for problems.
  • Abroad, a currency conversion fee of 1.75% applies, above the site median of 1% across the cards compared.

Ready to try Axo Group?

Scored 8.8 / 10 by DebitCue.

See alternatives

Who it suits

  • People who clear their balance in full each month and would rather pay no annual fee at all.
  • Shoppers who spend at a hotel booking site or on Zalando gift cards, where the cashback already sits.
  • Anyone who wants reward money alongside the travel and protection extras listed in Travel and cancellation insurance included (70 days), Free ID theft insurance and DealPass up to 30% discount with discount guarantee on the card.

Who should look elsewhere

  • Varo Believe Secured Credit Card carries an annual fee of $0 as well, so the yearly cost is not the deciding factor here.
  • Chime Card (Secured Visa Credit Card) also shows an annual fee of $0, and it suits anyone building credit rather than chasing cashback.
  • Bitpanda also lists an annual fee of €0, so the yearly cost alone will not push you away from it either.

How it compares on our data

On annual fee, Axo Group sits at 1 of 301 brands compared, right at the cheap end of the table. On currency conversion fee the same card sits at 97 of 181, so the yearly cost is strong and foreign spending is the weak spot. That gap is the trade-off to hold in mind.

How Axo Group compares

Where Axo Group is available

Available
Denmark, Finland, Norway, Sweden
Licence in Norway
Finanstilsynet (Norwegian Financial Supervisory Authority), checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

Is there an annual fee on the Axo Group card?+

The annual fee is NOK 0 and the card is sold on a no annual fee basis, so there is no yearly charge to set aside. The only cost to budget for is borrowing, where the purchase rate runs 22.85% to 29.89% on anything left unpaid.

Where does the cashback come from?+

Rewards come as cashback, and the rate applies at a hotel booking site and on Zalando gift cards through the TF Bank Mastercard version of the card. Spend elsewhere earns no cashback, which is the trade-off for a card with no yearly charge.

What comes with the card besides cashback?+

The extras listed with the card are Travel and cancellation insurance included (70 days), Free ID theft insurance and DealPass up to 30% discount with discount guarantee, so the bundle leans towards travel and identity protection rather than shopping rewards. Cashback is the reward element, and the cover is included on the same account.

Who supervises the issuer?+

The account is issued by Axo Finans AS, which is supervised in Norway by Finanstilsynet (Norwegian Financial Supervisory Authority). A Norwegian issuer stands behind the balance, and Norwegian rules are the ones that apply to the account.

How do I get hold of support?+

Support runs on phone and email, so a phone call or an email is the route to an answer, and there is no in-app chat listed. The group behind the card has been operating since 2008.

What does it cost to spend abroad?+

A currency conversion fee of 1.75% applies on spending abroad, above the site median of 1%. Foreign purchases are the weak point of an otherwise fee-light card, so it helps to keep another card for trips.

How does it compare with the other cards here?+

Its annual fee is NOK 0, and Varo Believe Secured Credit Card lists $0 as does Bitpanda at €0. The yearly cost does not separate these cards, so the purchase rate and the rewards decide it.

Sources

  • axogroup.com/en/about-us checked September 26, 2026

    Backs: Founded, Headquarters, Legal entity, Support channels

    “Since our inception in 2008, we have grown to become one of the largest players in our field across the Nordics.”

  • axofinans.no/kredittkort checked September 26, 2026

    Backs: Annual fee, APR, Card kind, Features, Currency conversion fee, Pricing model, Perks, Rewards rate, Rewards type, Licences

    “TF Bank mastercard - Helt gebyrfritt”

Compiled from 2 source pages, checked September 26, 2026. We did not open an account.

Related by the facts

Axo Group

Paying your balance in full each month on everyday spend, mainly at a hotel booking site and Zalando.

8.8/10See alternatives