Instabank NO review
Updated September 28, 2026 · DebitCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Instabank NO is a Norwegian credit card with no annual fee, so it suits residents who want a revolving card without a setup charge. The trade-off sits in the running costs: borrowing runs at 22.85% and foreign purchases cost 2%.
Key facts
- Best for
- Norwegian adults who want a credit card with no annual fee and a transit rebate.
- Annual fee
- NOK 0 (Source, checked September 26, 2026)
- APR
- 22.85% (Source, checked September 26, 2026)
- Currency conversion fee
- 2% (Source, checked September 26, 2026)
- Rewards type
- None (Source, checked September 26, 2026)
- Perks
- 5% rebate on public transit and EV charging (Source, checked September 26, 2026)
- Card kind
- Credit (Source, checked September 26, 2026)
- Legal entity
- Instabank ASA (Source, checked September 26, 2026)
- Headquarters
- Norway (Source, checked September 26, 2026)
- Support channels
- Phone, Help-centre (Source, checked September 26, 2026)
- Pricing model
- No annual fee
- Official website
- instabank.no
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
- WikidataTrustpilotLinkedInX
Pros and cons
Pros
- No annual fee, so the card costs nothing to hold for the main credit card account: NOK 0
- Rebates on everyday Norwegian spending, including public transport and EV charging: 5% rebate on public transit and EV charging
- Help is reachable by phone and through a help centre: phone and help centre
Cons
- Borrowing costs 22.85%, above the site median of 20.97%
- Foreign purchases cost 2%, above the site median of 1%
- Rewards type is none, so there is no points or cashback scheme beyond the listed perks
Who it suits
- Norwegian adults who pay for a full month and clear it each time
- Commuters and EV drivers who can use the listed rebates
- People who want phone and self-service help: phone and help centre
Who should look elsewhere
- Anyone planning to carry a balance, since borrowing runs at 22.85%
- Frequent travellers, because foreign purchases cost 2%
- Points or cashback seekers, since the rewards type is none; Chime Card (Secured Visa Credit Card) suits reward structures instead
How Instabank NO compares
8.7 vs 9.0
8.7 vs 8.9
8.7 vs 8.8
8.7 vs 9.2
8.7 vs 8.8
8.7 vs 9.4
8.7 vs 8.5
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8.7 vs 9.0
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8.7 vs 8.8
8.7 vs 8.7
8.7 vs 9.2
8.7 vs 9.0
8.7 vs 9.5
8.7 vs 9.4
8.7 vs 9.4
8.7 vs 9.2
8.7 vs 9.2
8.7 vs 9.1
8.7 vs 9.1
8.7 vs 9.1
8.7 vs 9.1
8.7 vs 8.8
8.7 vs 8.8- 8.7 vs 8.8
- 8.7 vs 8.8
- 8.7 vs 8.8
8.7 vs 8.5
8.7 vs 8.5
8.7 vs 8.5
8.7 vs 8.3
8.7 vs 8.2
8.7 vs 8.0
8.7 vs 8.0
Where Instabank NO is available
- Available
- Finland, Germany, Norway, Sweden
- Licence in Norway
- Financial Supervisory Authority of Norway, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does the Instabank NO credit card cost to hold?+
The annual fee is NOK 0, so holding the card itself adds nothing to the budget. Charges appear only when you spend or borrow, and the rewards type is none, so there is no separate points scheme to pay into.
What interest rate applies if I keep a balance?+
The APR is 22.85%, which is above the site median of 20.97%. That makes the card a poor choice for carrying money over a month, and it is worth clearing balances in full each period.
Is there a fee for spending in other currencies?+
A currency conversion fee of 2% applies on foreign purchases, higher than the site median of 1%. Card spending abroad therefore costs more than the same purchase made in Norway, where the card's own rebates apply.
Is the card regulated in Norway?+
Instabank ASA is supervised in Norway by the Financial Supervisory Authority of Norway, the regulator recorded for this brand. The card kind is credit, a revolving credit card rather than a prepaid product.
What perks come with the card?+
The listed perks are 5% rebate on public transit and EV charging. Those rebates apply to Norwegian public transport and EV charging, and the rewards type is none, so everyday shopping earns nothing beyond those two categories. The rest of the basket gets no back.
How can I reach customer support?+
Support runs on phone and help centre, meaning phone and a help centre. No live chat or email channel is listed, so anything time sensitive is worth raising by phone, and the help centre handles written questions.
Is Instabank NO available outside Norway?+
The card is issued by a Norwegian company, and the perks listed under 5% rebate on public transit and EV charging cover Norwegian public transport and EV charging, so the card is built for spending in Norway. The home market is Norway, where it is supervised.
Sources
- instabank.no checked September 26, 2026
Backs: Headquarters, Legal entity, Support channels, Licences
“Drammensveien 175, 0277 Oslo, Norge”
- instabank.no/kredittkort checked September 26, 2026
Backs: Annual fee, APR, Currency conversion fee, Pricing model, Perks
“Annual fee: 0 kr”
- giromatch.com/en/review/instabank-kreditkarte checked September 26, 2026
Backs: Card kind, Rewards type
“Credit card (revolving)”
Compiled from 3 source pages, checked September 26, 2026. We did not open an account.
Instabank NO
Norwegian adults who want a credit card with no annual fee and a transit rebate.