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Swedbank Mastercard review

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

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Our verdict

Swedbank Mastercard suits Swedish card holders who want travel and purchase cover built into the card rather than points, and who can clear balances at 13.55%. The case for it rests on the insurance, purchase protection and the Mastercard network, and the annual fee of SEK 195 has to earn its place.

Key facts

Best for
Swedish card holders who travel, want insurance included and can pay a yearly fee.
Annual fee
SEK 195 (Source, checked September 26, 2026)
APR
13.55% (Source, checked September 26, 2026)
Currency conversion fee
1.65% (Source, checked September 26, 2026)
Rewards type
None (Source, checked September 26, 2026)
Perks
Travel insurance with cancellation cover, delayed departure and delayed baggage cover, Purchase insurance: all-risk, price guarantee and extended warranty, no deductible, Up to 55 days interest-free credit on purchases, Free extra card (0 kr per year), Rental car excess reduction up to SEK 30,000, Optional payment protection (betalningsskydd) at extra cost, Balance transfer (saldooverforing) to an account (Source, checked September 26, 2026)
Card kind
Credit (Source, checked September 26, 2026)
Legal entity
Swedbank AB (publ) (Source, checked September 26, 2026)
Headquarters
Sweden (Source, checked September 26, 2026)
Founded
1820 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Features
Travel
Official website
swedbank.se

Debit cards

Monthly fee
SEK 0 to SEK 195 (Source, checked September 26, 2026)
Currency conversion fee
1.65% (Source, checked September 26, 2026)
Free ATM withdrawals
SEK 0 (Source, checked September 26, 2026)
Card network
Mastercard (Source, checked September 26, 2026)
Legal entity
Swedbank AB (publ) (Source, checked September 26, 2026)
Headquarters
Sweden (Source, checked September 26, 2026)
Founded
1820 (Source, checked September 26, 2026)
Support channels
Phone, Help-centre (Source, checked September 26, 2026)
Features
Travel

Apps and profiles

Get the app
App StoreGoogle Play
Elsewhere
LinkedIn

Pros and cons

Pros

  • Travel insurance comes with the card, with cancellation cover, delayed departure and delayed baggage cover.
  • Purchase protection adds all-risk cover, a price guarantee and an extended warranty with no deductible.
  • Purchases get an interest-free credit window and a balance transfer option is available.
  • A rental car excess reduction and a free extra card add to the travel case.
  • It is a credit card on the mastercard network, so it suits people who want revolving credit rather than a debit card.

Cons

  • An annual fee of SEK 195 is charged, where Varo Believe Secured Credit Card charges $0, Wise charges £0 and Chime Card (Secured Visa Credit Card) charges $0.
  • There is no rewards scheme on the card, with the rewards type recorded as none.
  • Cash withdrawals are not free, since the free ATM withdrawal allowance is SEK 0.
  • Support runs on phone and help centre only, with no email or live chat channel listed.
Swedbank Mastercard

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Scored 9.4 / 10 by DebitCue.

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Who it suits

  • People in Sweden who want travel insurance and purchase protection included on the card.
  • Card holders who clear balances most months and are comfortable borrowing at 13.55%.
  • Travellers who want cancellation and baggage cover without arranging a separate policy.

Who should look elsewhere

  • Anyone put off by a yearly charge: Varo Believe Secured Credit Card sets its annual fee at $0 and Wise at £0.
  • People who want to earn from spending, since the rewards type here is none.
  • Card holders who rely on cash machines abroad, with the free withdrawal allowance at SEK 0.

Fees and FX

Start with the annual fee of SEK 195, which is charged for this credit card regardless of how often it is used. Borrowing is priced at an APR of 13.55%, so a balance carried from one statement to the next is charged at that rate. Foreign purchases add a currency conversion fee of 1.65% on top of the rate the network sets, which matters for a card sold on travel. On a card like this, the cost question comes before the reward question: the fee line has to be recovered every year before the insurance adds anything.

Rewards and perks

The rewards type is none, so there is no points balance to track and no cashback on purchases. What the card gives instead sits in the perks list, Travel insurance with cancellation cover, delayed departure and delayed baggage cover, Purchase insurance: all risk, price guarantee and extended warranty, no deductible and Up to 55 days interest free credit on purchases: travel insurance with cancellation cover, delayed departure and delayed baggage cover, and purchase protection covering all-risk damage, a price guarantee and an extended warranty with no deductible. The same list carries an interest-free credit window on purchases, a balance transfer option, rental car excess reduction and a free extra card, plus optional payment protection at extra cost. For a traveller, cover that would otherwise sit in a separate policy is the return on the fee.

How it compares on our data

On annual fee the card ranks 234 of 301 brands, which places a paid card in a field where many cost nothing. On APR it ranks 32 of 133, so the borrowing rate is among the stronger results in the comparison. The currency conversion fee ranks 94 of 181, a middling spot that neither helps nor hurts a traveller. Read together, the card is comparatively cheap to borrow from and expensive to own.

The company behind it

The issuer is Swedbank AB (publ), Swedbank AB (publ), headquartered in Sweden, SE, and trading since 1820. It is supervised in its home market by Finansinspektionen, so cardholders are dealing with a regulated Swedish bank rather than a newcomer. Support runs on phone and help centre, meaning a phone line and a help centre carry the service load, with no email or live chat channel listed. For a card product, the phone line is the decisive one, since blocks and disputed charges move fastest when you can talk to someone.

How Swedbank Mastercard compares

Where Swedbank Mastercard is available

Available
Sweden
Licence in Sweden
Finansinspektionen, checked September 26, 2026

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

Frequently asked questions

How much does it cost to keep this card?+

The annual fee is SEK 195 and borrowing is priced at an APR of 13.55%. Foreign spending costs a currency conversion fee of 1.65%. A card used mainly for its insurance still has to earn back the annual fee each year, which is the number to test against how often you travel.

What is the cheapest way to borrow on this card?+

The APR is 13.55%. Purchases get an interest-free credit window, and a balance transfer option is listed, so an existing balance can be moved onto the card. Anyone planning to carry a balance should check the window covers the borrowing period, because the rest of the balance is charged at the APR.

Who regulates the bank behind the card?+

The card comes from Swedbank AB (publ), Swedbank AB (publ), a Swedish bank based in Sweden, SE, supervised by Finansinspektionen. What the card itself carries is card level cover: travel insurance with cancellation, delayed departure and delayed baggage cover, and purchase protection with no deductible, all set out in Travel insurance with cancellation cover, delayed departure and delayed baggage cover, Purchase insurance: all risk, price guarantee and extended warranty, no deductible and Up to 55 days interest free credit on purchases.

Can I withdraw cash abroad with this card?+

The free ATM withdrawal allowance is SEK 0, so cash machines cost money on this card. Because it is a credit card, credit, withdrawals draw on the credit line and interest can start unless a window applies. A trip that needs local cash means budgeting for each withdrawal.

Does the card earn points or cashback?+

The rewards type is none, so spending does not build a points balance and does not return cash. The argument for the card sits in the perks list, Travel insurance with cancellation cover, delayed departure and delayed baggage cover, Purchase insurance: all risk, price guarantee and extended warranty, no deductible and Up to 55 days interest free credit on purchases, which includes travel insurance with cancellation and baggage cover, purchase protection with an extended warranty and no deductible, and a rental car excess reduction. Readers who want to earn should look at a cashback or points card.

What does foreign spending cost?+

Foreign purchases cost a currency conversion fee of 1.65% on top of the rate the network sets on the day of the transaction. On a card sold for travel that is the number to weigh against a multi currency account, especially if most spending happens in a single currency abroad. In the comparison data the card sits mid table on that fee, at 94 of 181.

How do I get help with a blocked card or a charge I do not recognise?+

Support runs on phone and help centre, so a phone line and a help centre are the channels available. The issuer is Swedbank AB (publ), Swedbank AB (publ), based in Sweden, SE. For urgent card problems the phone line is the faster route, while the help centre suits written questions and common queries about charges.

Who is this card suited to?+

It fits Swedish card holders who travel and want insurance built in, since the perks list, Travel insurance with cancellation cover, delayed departure and delayed baggage cover, Purchase insurance: all risk, price guarantee and extended warranty, no deductible and Up to 55 days interest free credit on purchases, covers cancellation, delayed departure and delayed baggage, plus purchase protection. The card is a revolving credit card, credit, on the Mastercard network, mastercard, so it suits people who clear balances rather than people who never borrow.

Sources

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Related by the facts

Swedbank Mastercard

Swedbank Mastercard

Swedish card holders who travel, want insurance included and can pay a yearly fee.

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