Klarna review
Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Klarna suits US residents who want a debit card with no monthly charge and pay over time credit on the same account. Borrowing still costs, with APR of 0% to 35.99% and a variable rate, so it fits shoppers who will clear balances rather than carry them.
Key facts
- Best for
- Paying for a purchase in monthly instalments while keeping a fee free card in the wallet.
- Monthly fee
- $0↗
- Currency conversion fee
- 0%↗
- Card type
- Debit↗
- Cashback rate
- 0.5% to 1.5%↗
- Card network
- Visa↗
- Legal entity
- Klarna Bank AB (publ)↗
- Headquarters
- Sweden↗
- Founded
- 2005↗
- Support channels
- Chat, Phone, Help-centre↗
- Features
- Virtual card, Travel
- Official website
- klarna.com
Loans
- APR
- 0% to 35.99%↗
- Term
- 3 to 24 months↗
- Credit check
- Soft prequal↗
- Representative example
- A $1,000 purchase might cost $173.53 per month over 6 months at 13.99% APR↗
- Rate type
- Variable↗
- 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↗
- Pricing model
- No annual fee
Credit cards
Savings
- Deposit protection
- EU DGS up to EUR 100,000↗
Facts checked September 26, 2026, 10 sources
Pros and cons
Pros
- Monthly fee of $0 and annual fee of $0 on the card
- Currency conversion fee of 0%, ranked 1 of 258 brands
- Free early repayment, so instalment plans can be settled early without charge
- Cashback rewards of 0.5% to 1.5%, with up to 10% cashback in app in the app
Cons
- Borrowing costs APR of 0% to 35.99% at a variable rate of variable
- Eligibility is limited to US residents with a valid US address and a valid Social Security Number
- Support runs on chat, phone and help centre
Who it suits
- US residents splitting a purchase into monthly payments
- Card users who want a fee free everyday card with cashback
- Shoppers who plan to repay instalments early
Who should look elsewhere
- Anyone outside the US, since eligibility is a US address and a valid Social Security Number
- People wanting a deposit protected savings home, given deposit protection of EU DGS up to EUR 100,000
- Readers who prefer a plain current account, where bunq or Starling Personal Account Debit Card charge no monthly fee
Where it sits among rivals
Klarna ranks 1 of 422 brands on monthly fee, at $0 a month. On currency conversion it places 1 of 258, with a fee of 0%. bunq, Wise and Starling Personal Account Debit Card each also charge €0, £0 and £0 a month, so cost is settled at the top of the table and the difference comes from borrowing terms and rewards.
How Klarna compares
9.1 vs 9.4
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 9.4
9.1 vs 8.7
9.1 vs 9.2
9.1 vs 9.4
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9.1 vs 9.2
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9.1 vs 8.8
9.1 vs 9.0
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9.1 vs 9.0
9.1 vs 9.0
9.1 vs 9.0
9.1 vs 8.9
9.1 vs 8.8
9.1 vs 8.7
9.1 vs 8.5
9.1 vs 8.4
9.1 vs 8.0- 9.1 vs 8.0
Where Klarna is available
- Available
- Australia, Austria, Belgium, Canada, Czechia, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Romania, Spain, Sweden, Switzerland, United Kingdom, United States
- Licence in Sweden
- Swedish Financial Supervisory Authority, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What does the Klarna card cost to hold?+
The card carries a monthly fee of $0 and an annual fee of $0, with the account modelled on no annual fee. That places Klarna at 1 of 422 brands on monthly fee, alongside rivals such as bunq, Wise and Starling Personal Account Debit Card.
Is there a currency conversion fee on the card?+
The currency conversion fee is 0%, which ranks 1 of 258 brands in the comparison. The card runs on the visa network, and the card type is debit with features covering virtual card and travel for travel and online shopping.
What does borrowing through Klarna cost?+
Pay over time credit is priced at APR of 0% to 35.99% on a variable rate, set out as variable. Instalment plans run 3 to 24 on personal and bnpl lending, and early repayment is free.
Is my money protected at Klarna?+
Deposit protection is listed as EU DGS up to EUR 100,000, which covers eligible EU deposits up to the stated ceiling. Klarna is supervised in its home market of SE by the Swedish Financial Supervisory Authority, and the legal entity behind the lending is Klarna Bank AB (publ).
What rewards does the card pay?+
The card pays cashback of 0.5% to 1.5%, and the rewards type is cashback. Selected purchases in the app can return up to 10% cashback in app, while features listed for the card include virtual card and travel. Cashback is the reward type most rivals in this table also use.
How do I get help from Klarna?+
Support is offered through chat, phone and help centre, so help runs by chat, phone and the help centre. Instalment plans, card questions and repayment queries are all handled through the same channels, which keeps contact in the app and by phone.
When was Klarna founded?+
Klarna was founded in 2005 and operates from SE through Klarna Bank AB (publ). The card is a debit card from a credit range, and it links to the same pay over time credit used at checkout.
Sources
- en.wikipedia.org/wiki/Klarna checked September 26, 2026
Backs: Deposit protection, Headquarters
“Headquarters Stockholm, Sweden”
- klarna.com/assets/sites/15/2021/11/15104457/Klarna-Bank-A... checked September 26, 2026
Backs: Legal entity
“The Issuer's legal and commercial name is Klarna Bank AB (publ)”
- klarna.com/international/about-us checked September 26, 2026
Backs: Founded, Licences
“Three young Swedish entrepreneurs had a brilliant idea back in 2005”
- 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 10 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Free ATM withdrawals, Protection.
Related by the facts
Klarna
Paying for a purchase in monthly instalments while keeping a fee free card in the wallet.