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Klarna review

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

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Klarna is a no-cost Visa debit card that suits shoppers who want to be paid back on everyday purchases and who pay in other currencies often. The card runs on the Klarna card account with a monthly fee of $0 and a currency conversion fee of 0%.

Key facts

Best for
Spending and travelling on a card that adds cashback without a monthly charge.
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)↗
Founded
2005↗
Features
Virtual card, Travel
Official website
klarna.com

Facts checked September 26, 2026, 3 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInX

Pros and cons

Pros

  • Monthly fee of $0 on the card account, so keeping it open costs nothing
  • Currency conversion fee of 0%, which is a common one to pay on holiday spending
  • Cashback of 0.5% to 1.5% on purchases adds a small return to each payment
  • A debit card on the visa network, with a virtual card and travel features listed

Cons

  • Cashback of 0.5% to 1.5% is a range, so the rate on a given purchase can sit at the lower end
  • Card type is debit, so there are no credit building features on this card
  • The card works as a debit card rather than a crypto card, so holding coins on it is not part of the offer
Klarna

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Scored 9.0 / 10 by HodlCue.

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Who it suits

  • Shoppers who want cashback on everyday card spending without a monthly charge
  • Travellers who pay in a currency other than the one on the account and value a low conversion fee
  • People who prefer a simple debit card with a virtual card for online payments

Who should look elsewhere

  • People who want a credit card or a way to build a credit history, since this is a debit card
  • Shoppers who want a guaranteed cashback rate, as the rate is a range of 0.5% to 1.5%
  • Anyone looking for crypto features on the card, since the listed features cover a virtual card and travel only

Fees

The card account carries a monthly fee of $0, so there is nothing to pay for holding it. Converting money when you spend in another currency costs 0%, which sits at the cheaper end of what cards charge. Spending earns cashback of 0.5% to 1.5%, and that range means the rate can vary. Fees for the account are simple to read: one monthly figure and one conversion figure.

How it compares on our data

On our data, Klarna ranks 1 of 379 brands on monthly fee, and 1 of 237 brands on currency conversion fee. Both positions sit at the top of the tables, which reflects a card with no monthly charge and no conversion markup. The scores line up with that: the monthly fee of $0 and the conversion fee of 0% are what drive the ranking.

How Klarna compares

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

How much does the Klarna card cost to keep?+

The monthly fee on the card account is $0. There is nothing to pay for holding the card open each month, which is why it ranks near the top of our brands on monthly fee. Any other charges come from how you use the card rather than from keeping it.

What does Klarna charge for currency conversion?+

The currency conversion fee is 0%. That applies when you spend in a currency other than the one on your account, such as on a trip abroad. It places Klarna at the top of our table on that measure.

What type of card is the Klarna card?+

It is a debit card, running on the visa network. The legal entity behind it is Klarna Bank AB (publ). The listed features cover a virtual card and travel, so the card is built around spending rather than borrowing.

Is there cashback on the Klarna card?+

Yes, cashback of 0.5% to 1.5% applies on spending. Because that is a range, the rate on any single purchase can sit at the lower end rather than the top. Spending through the card is what earns it.

Who regulates Klarna?+

Klarna is regulated by the Swedish Financial Supervisory Authority in Sweden. The card is issued by Klarna Bank AB (publ). The card type is debit, so your balance comes from the account you hold rather than from a credit line.

Does the Klarna card have a virtual card?+

Yes, a virtual card is one of the listed features, alongside travel. The physical card runs on the visa network, and the virtual card covers online payments. There is no monthly charge for it at $0.

Who is the Klarna card for?+

It suits people who want cashback on everyday spending and who pay in other currencies while travelling, given the conversion fee of 0%. It does not suit anyone wanting a credit card or a crypto card, since it is a debit card with virtual card and travel features listed.

Sources

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Free ATM withdrawals, Protection.

Klarna

Klarna

Spending and travelling on a card that adds cashback without a monthly charge.

9.0/10See alternatives