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The Best Credit Card in Denmark for Expats

Denmark is an EU member, but it has not adopted the Euro. It still uses the Danish Kroner, and the country is taking major strides to transform itself into a cashless society. Hence, as a foreigner who is working or studying here, a credit card in Denmark is a must-have. Otherwise, you will find it tough to buy things. So, one of the first things that you should do when you land in Denmark is to check out the different credit card options and then select one that best suits your needs.

It can be a bit overwhelming to select a credit card as you will find many different types from different banks at varying costs. Thankfully, you rely on our suggestions as we have done the hard work for you shortlisted the best credit card in Denmark for overseas students and expatriates.

Overview of Credit Card Fees in Denmark

Prior to January 2018, it was the norm for credit card companies to levy surcharges. However, that has changed now. As per the Payment Service Directive 2 of the European Union, retailers are prohibited from charging a surcharge or fee when you use your credit card to pay. However, it is also essential to know that there are exceptions and limitations to this prohibition, and it is possible that other fees could apply when you use your credit card for purchases.

In case your credit card is associated with a non-EU bank, uses a network that does not belong to Mastercard or Visa, or your credit card is a business or corporate card, the merchant can levy a fee.

Visa is the most widely accepted credit card in Denmark followed by Mastercard. Other less-known credit cards, like Amex, are also accepted. However, it is essential to opt for a credit card that allows you to make purchases without causing a strain on your account.

Best Credit Cards in Denmark for Foreigners

As an expat in Denmark, here are two credit cards that you should be taking a closer look at:

Credit Card from Bank Norwegian

Credit Card from Bank Norwegian - best credit card in denmark

Norwegian offers expats and others a credit card in Denmark that does not charge an annual fee or fees to withdraw cash and make purchases. It provides interest-free credit for up to six weeks and you earn reward points when you make purchases. What more is that you also get travel and cancellation insurance with this credit card. The credit card by Norwegian comes contactless payment feature.

As long as you are 23 years old, you live in Denmark and are not part of the Debtor Register in Denmark (it means you should have good credit standing), you can apply for the credit card. Of course, you will have to provide your Danish identity number when you fill out the online application.

Currently, this particular credit card is perceived as the best credit card in Denmark for its numerous features and flexibility. It allows you to make all your payments within the country in DKr without incurring a currency surcharge, which is 1.75% based on the exchange rate.

Visit Bank Norwegian

N26 Credit Card

In case you are looking for another alternative in Denmark, you should take a closer look at the credit card issued by N26. The bank was founded in Germany in 2016. Today, it has the distinction of being one of the fastest growing online banks in Europe. In fact, N26 is quite popular with expatriates because they like the flexibility provided by this online bank and access to its English website. It offers its customers free Mastercard when they open a checking account with the bank.

As the company is a virtual bank, it does not have the overheads and hidden costs that traditional banking institutions levy. So, you will not have to worry about paying withdrawal fees. You can even fund your N26 account using TransferWise and it costs six times less compared to currency conversions in other banks. TransferWise is integrated into the bank’s app so you can use it to fund and transfer from your N26 account.

Conclusion

As stated earlier, credit card in Denmark is not a luxury; it is a necessity as a majority of the transactions in the country are cashless. Retailers have no qualms about allowing customers to pay for small purchases using their credit cards. Even taxi drivers and public transport in Denmark allow people to use their credit cards to make payments. The only caveat is to make sure you are carrying your ID card as some retailers may ask you to prove your identity before allowing you to complete the payment. This measure is in place to eliminate credit card fraud.

Now that you know the choices you have, select the best credit card in Denmark and enjoy shopping online and offline without any hassle. If you like you can do further research, but you will not find better options than the ones listed here.

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