Klarna AT review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Klarna AT suits US residents who want a fee free card and pay later plans without borrowing costs in the bank. Borrowing runs at 0% to 35.99% over 3 to 24, rates are variable, and early repayment is free, so the cost follows the length of the plan.
Key facts
- Best for
- A fee free US card for spreading purchases into monthly payments at 0% to 35.99%.
- Rate type
- Variable↗
- Term
- 3 to 24 months↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Monthly fee
- $0↗
- Legal entity
- Klarna Group plc↗
- Headquarters
- Sweden↗
- Founded
- 2005↗
- Support channels
- Chat, Phone, Help-centre↗
- Pricing model
- No annual fee
- Official website
- klarna.com
Loans
- APR
- 0% to 35.99%↗
- Credit check
- Soft prequal↗
- Representative example
- A $1,000 purchase might cost $173.53 per month over 6 months at 13.99% APR↗
- Lender type
- Direct lender↗
- Free early repayment
- Yes↗
- Eligibility
- US resident with a valid US address, at least 18 years old, valid Social Security Number↗
- Loan types
- Personal, BNPL↗
- Features
- Virtual card, Travel
Credit cards
Debit cards
Facts checked September 26, 2026, 8 sources
Pros and cons
Pros
- No cost to hold: annual fee $0, monthly fee $0 and currency conversion fee 0%.
- Free early repayment, so a plan cleared sooner adds nothing to the interest.
- The credit check is a soft prequal, so checking eligibility does not run a full loan search.
Cons
- Rates are variable and priced at 0% to 35.99% over 3 to 24, so a slower repayment builds more interest.
- Eligibility is for US residents with a valid US address and a valid Social Security Number, so UK and European households are excluded.
- It lends rather than saves: personal and bnpl are the only products listed, and EU DGS up to EUR 100,000 is the only protection shown.
Who it suits
- US residents who split a purchase into monthly payments and would rather pay no card fee than chase points.
- People who clear balances early, since free early repayment keeps the interest down on a variable rate.
- Card holders spending in other currencies, since the conversion fee is 0% and the network is visa.
Who should look elsewhere
- Savers. Klarna lends rather than pays interest, while Starling Personal Account Debit Card lists FSCS up to GBP 85,000 for deposits.
- Anyone outside the US. Varo Visa Debit Card and XTB are the closer checks, with FDIC up to USD 250,000 and FSCS up to GBP 85,000 listed.
Safety of your money
Deposit protection is listed as EU DGS up to EUR 100,000. That figure belongs to the deposit side of the group, while the spending side runs on the card and the pay later plans. Anyone moving savings across should weigh that limit against the deposit protection at Starling Personal Account Debit Card, Varo Visa Debit Card and XTB, which each sit under a UK or US scheme.
Who runs it
Klarna is run by Klarna Group plc, based in Sweden and founded in 2005. Lending runs directly rather than through a broker, with personal and bnpl offered. Support runs on chat, phone and help centre, so help comes by phone and chat as well as the help centre for anyone with a question about a plan or a payment.
How Klarna AT compares
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Where Klarna AT is available
- Available
- Australia, Austria, Belgium, Canada, China, Czechia, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Japan, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Slovakia, Spain, Sweden, Switzerland, United Kingdom, United States
- Licence in Sweden
- Finansinspektionen (Swedish Financial Supervisory Authority) - Klarna Bank AB banking licence, checked September 26, 2026
- Licence in United Kingdom
- Financial Conduct Authority (FCA) - Klarna Financial Services UK Limited, e-money and consumer credit, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does it cost to hold the Klarna card?+
The card carries an annual fee of $0 and a monthly fee of $0, and it runs on a no annual fee model. Spending abroad costs nothing extra either, because the currency conversion fee is 0%. The only charge that matters is the interest on a plan you choose to open.
What rate do I pay if I spread a purchase?+
Pay later plans are priced at 0% to 35.99% and the rate is variable, so it can move. You pick a term of 3 to 24, and the longer a balance stays open, the more interest builds on it. The representative example shows a purchase spread over monthly payments with interest added.
Can I pay a plan off early?+
Early repayment is free, so clearing a balance before the end of the agreed term costs nothing extra. That matters most with 3 to 24 on the plan, since interest runs for as long as the balance is open. There is no early exit charge in the terms listed here.
Will applying affect my credit file?+
The check is a soft prequal, so looking at a plan does not run the same search as a full loan application. Eligibility can be seen before anything is committed, though approval and the rate offered still depend on the terms at that point, within 0% to 35.99%.
Is my money protected if Klarna fails?+
Deposit protection is listed as EU DGS up to EUR 100,000. The group also holds a banking licence from Finansinspektionen, the Swedish Financial Supervisory Authority, and the FCA authorises Klarna Financial Services UK Limited for e-money and consumer credit in the UK. Savers should line that up with the schemes at Starling, Varo and XTB.
Who runs Klarna?+
The group is Klarna Group plc, headquartered in Sweden and founded in 2005. It is a direct lender, so a plan sits with Klarna itself rather than a panel of lenders, and it operates under Swedish and UK permissions.
Who can open a Klarna account?+
Eligibility is for US residents who hold a valid US address, a valid Social Security Number and sit above a minimum age. There is no UK or European route on the same terms for the debit card, so readers there should start with a provider that lists its own deposit protection.
What card and rewards do I get?+
The card is a debit card on the visa network, with a virtual version and travel features listed. Rewards are cashback based, running at 0.5% to 1.5% on card spend, and the app advertises up to 10% cashback in app on selected in app offers, so the headline figure is not the everyday rate.
Sources
- en.wikipedia.org/wiki/Klarna checked September 26, 2026
Backs: Deposit protection, Founded, Headquarters, Legal entity, Licences
“Klarna was founded in 2005 by Sebastian Siemiatkowski, Niklas Adalberth and Victor Jacobsson”
- klarna.com/international/press/the-klarna-card-is-coming-... checked September 26, 2026
Backs: Annual fee, Pricing model, Rewards rate, Rewards type
“No monthly or annual fees - Klarna Card”
- klarna.com/uk/all-cards checked September 26, 2026
Backs: Card kind
“Available as a credit or debit card - Klarna cards”
- klarna.com/us/help checked September 26, 2026
Backs: Support channels
“Chat in the app - The fastest way to get support 24/7 support from our AI assistant in any language ... Call customer service - Call us at (888) 518-2771”
- klarna.com/us/klarna-card checked September 26, 2026
Backs: Card type, Cashback rate, Eligibility, Features, Currency conversion fee, Monthly fee, Card network
“The debit card with instant benefits - Standard $0/month Free virtual card”
- klarna.com/us/legal checked September 26, 2026
Backs: Lender type
“Pay over time - WebBank Klarna - example 'agreement'”
- klarna.com/us/payments checked September 26, 2026
Backs: Credit check, Loan types
“We will perform a soft credit check when you: Use Pay in 4 ... Soft credit checks do not affect your credit score and will not be visible to other lenders.”
- klarna.com/us/payments/pay-over-time checked September 26, 2026
Backs: APR, Free early repayment, Rate type, Representative example, Term
“Financing plans range from 3-24 months with interest rates ranging from 0.00%-35.99% APR”
Compiled from 8 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Headline rate, Minimum deposit.
Klarna AT
A fee free US card for spreading purchases into monthly payments at 0% to 35.99%.