How to Decide on a Kredittkort: Which One Passes Your Test?


When it comes to selecting the appropriate credit card, there are numerous choices available to you. Making the best choice will benefit your financial health, spending habits and creditworthiness.

Narrowing down your options is easy, but making the final choice between two cards may prove more challenging. To help make an informed decision when selecting a credit card, keep these five factors in mind when making your selection.

  1. Interest rates

Credit cards come with many options that may seem confusing or overwhelming – rewards cards, cash back credit cards and travel credit cards among them. When selecting your next credit card it is crucial that it meets both your financial goals and spending habits to avoid paying more interest than necessary.

When it comes to choosing a credit card, the top consideration is the interest rates available. Credit card issuers determine interest rates based on how much risk the cardholder poses to them using metrics like debt-to-income ratio (DTI), where lower DTI numbers indicate less risk and thus result in reduced card rates.

If your plan is to pay your credit card balance in full each month, then finding a card with a low interest rate may not be a priority. But if you anticipate carrying an ongoing balance or require emergency financing options for expenses that arise suddenly then interest rates could play an essential role.

Not to be overlooked is that interest rates on new credit cards have recently seen significant increases, making them higher than they were historically. That makes it all the more crucial to find one with an affordable interest rate so your card can help you reach your financial goals more effectively. Free online search tools like the one found at can assist with comparing options and finding one best suited to you. Research is an essential step in ensuring you get the best rates possible for your situation.

Credit cards in Norway tend to offer relatively low-interest rates; however, as with any debt it is important to repay your balance regularly. If this becomes difficult or overwhelming for you then transferring it may be an option that offers lower rates.

Non-residents of Norway may still qualify for a credit card; however its terms will differ depending on which issuer you work with. In general, card issuers look for evidence that you have been in full-time employment for at least a year and paid all household bills on time; it is also essential that they see you have an excellent credit history without late payments and don’t exceed their maximum debt limit.

Norwegians typically possess at least three payment cards and use cash less frequently as a result of its strong economy, an effective domestic debit card scheme (BankAxept), and highly banked population. Furthermore, Norway boasts high levels of digital payments via e-commerce and mobile banking with these being responsible for most online transactions.


  1. Fees

Credit card companies charge various fees – such as late payment and foreign transaction fees – which are generally assessed as a percentage of your balance and can quickly add up. To minimize their impact, pay off your balance in full each month.

Be sure to review your credit score before applying for a credit card – this can have an enormous effect on which cards and features you qualify for. Checking it can be done easily through consumer websites.

Once you know your credit score and know which type of card best meets your needs, the next step should be comparing options side-by-side. There are websites offering side-by-side comparison of card features so that you can make an informed decision.

Consider how often and for what purposes you plan to use the card. There are cards designed specifically to meet daily or periodic spending needs; while others excel at specific areas such as online shopping or travel. If that is what your plan is, focus your search accordingly.

Before selecting the card that best meets your needs, don’t forget to consider its fees and APR. Even an appealing rewards card could prove inadvisable if it costs too much in interest and fees each year.

Examine whether the card charges an annual fee. While these fees tend to be relatively modest, they can add up over time and potentially make your decision impossible. If a card with an annual fee catches your eye, look for promotional offers which waive it for the first year – this allows you to try it out first hand before committing.

Late payment fees are assessed when you fail to make the minimum monthly credit card payment on its due date. These typically vary depending on the credit card provider. Many will waive their first late fee as a courtesy, so make sure your payments are on time by setting up automatic payments so all your payments are made on schedule.

Foreign transaction fees are fees assessed when making purchases outside your home country that exceed 3% in value. Some credit cards don’t impose these fees. By using an app that allows users to easily view and compare foreign transaction fees associated with purchases, you can be knowledgeable on these fees and avoid any unexpected charges.

Balance transfer fees represent the costs associated with moving balances from one credit card account to another. Borrowers may qualify for reduced or no interest rate offers on these fees for limited periods, encouraging debt consolidation onto one card. Be sure to read the fine print on these agreements; some have a high interest rate after the initial introductory period.

Other credit card fees, while less frequent but still potentially costly, include account opening fees, premium card design fees and expedited payment fees. Thankfully there are cards without these additional expenses and some issuers even offer complimentary cards to qualified applicants.


  1. Rewards

Credit card rewards are one way credit card issuers encourage spending with their cards.

Reward types may include cash back, points or miles – depending on the card, these may come as either flat rates for all purchases or with increased rewards in certain categories such as dining, travel or gas stations. Furthermore, many cards also provide sign up bonuses which offer even more incentives if you meet spend threshold requirements.

From direct mail offers to online ads and credit card comparison sites, the market for credit cards offers is abundant. Unfortunately, it can be challenging to decide which credit cards offer the best rewards – and which are better left unexplored.

To narrow your choices, take an inventory of where you spend the bulk of your money.

By understanding which areas need attention, finding a credit card offering rewards that matter can become much simpler. For example, if most of your budget goes towards groceries and household goods purchases, look for cards with higher rewards on these types of purchases; or consider one with bonus points or miles for airfare and hotel stays as this could provide greater value than rewards from purchases alone.

Cash back rewards are among the most prevalent credit card benefits, as they’re calculated as a percentage of your spending; so for every 100 dollar purchase made using a card offering 2% cash back, 2 dollars will be deposited back in your account as cashback. Some cards even feature categories that change each quarter to increase rewards further.

Points cards offer an appealing alternative to cash back. By giving you points for spending, these cards offer you rewards that can later be redeemed for gift cards, merchandise and travel.

Many cards also allow you to pool points across multiple programs within one program.

Prior to selecting a rewards card, it’s essential that you understand how you earn and redeem rewards. Some cards come with annual fees so make sure the benefits outweigh this cost; additionally, some will waive this cost in their first year, providing an ideal opportunity to test out one.

Be mindful that most credit cards require excellent or good credit to qualify for the best perks. If yours falls below that threshold it might be wiser to set yourself a goal like improving your score or setting aside funds for future expenses before applying for one.

Credit cards can be an indispensable financial tool, but it’s essential that you select one that best meets your spending habits and goals.


  1. Convenience

Credit cards offer many benefits and are an efficient way to manage finances, including rewards, cash back offers and protection against fraud and unauthorized purchases. But there may also be downsides; therefore it’s essential that potential applicants understand all aspects of credit cards prior to applying for one.

Credit cards are convenient payment tools that enable users to borrow up to their pre-approved limit and then repay the amount later at an agreed upon date. When used properly and responsibly, however, a credit card can help build your financial portfolio while at the same time improving your credit score.

Credit cards offer an effective way to track spending, with features like mobile apps and text alerts that make managing credit card expenses simpler. This information can be accessed on-the-go, meaning you can make informed purchasing decisions no matter where you are.

There is no single right credit card for everyone; finding one will depend on various factors including your spending patterns and creditworthiness. With these tips in hand, finding the card to meet your needs should be simple.

Be sure to do your research in order to choose the best one for you. You will want to consider interest rates, fees, and rewards as you conduct your search. Convenience is also an essential element to consider.