Swedbank Mastercard review
Updated September 28, 2026 · HodlCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Swedbank Mastercard is a Swedish bank card that keeps a low everyday cost but charges a real conversion fee abroad. It suits people already banking in Sweden who want a Mastercard for travel spending, with fees of SEK 0 to SEK 195 and a conversion charge of 1.65% on foreign purchases.
Key facts
- Best for
- Banked in Sweden who mainly spend in kronor and travel on a Mastercard.
- Monthly fee
- SEK 0 to SEK 195↗
- Currency conversion fee
- 1.65%↗
- Free ATM withdrawals
- SEK 0↗
- Card network
- Mastercard↗
- Legal entity
- Swedbank AB (publ)↗
- Headquarters
- Sweden↗
- Founded
- 1820↗
- Support channels
- Phone, Help-centre↗
- Features
- Travel
- Official website
- swedbank.se
Facts checked September 26, 2026, 2 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
- Elsewhere
Pros and cons
Pros
- Monthly fee of SEK 0 to SEK 195 puts it in the lowest-cost group in our card data.
- Runs on the mastercard network, which is the most common card scheme in our card ranking.
- Built for travel, so a card geared to holidays comes as standard.
- Support runs by phone and a help centre, so questions can be answered in Swedish.
- Backed by a bank founded in 1820 and headquartered in Sweden.
Cons
- A conversion fee of 1.65% makes foreign spending costlier than many rival cards.
- Free ATM withdrawals sit at SEK 0, so cash taken out abroad is charged.
- Help runs on phone and help centre only, with no live chat or email listed.
- The monthly fee is not flat at SEK 0 to SEK 195, so cheaper tiers exist for those who want less.
Who it suits
- Swedes with a Swedbank account who want a plain Mastercard for daily spending
- Travellers who can limit foreign spending to a few purchases
- People who prefer calling a bank on the phone rather than chatting online
Who should look elsewhere
- Monzo Flex and Wise, which charge £0 and £0 and convert at lower rates
- Bitpanda, priced at €0 with crypto card features rather than bank FX
Everyday use
The card runs on the mastercard network, so it works in the same places as other Mastercard holders, and it is shaped for travel first. ATM withdrawals are where the everyday maths gets sharp: the free allowance is SEK 0, which means taking cash out is a charge rather than a free part of the package. Cards with a larger free allowance suit anyone who takes money out regularly. Support is handled by phone and a help centre, phone and help centre, which fits a bank relationship built around Swedish phone banking. Nothing here points to a virtual card, a prepaid card or multi-currency balances in the way some rivals do; the account is a Swedish bank account with a Mastercard attached, and spending draws from the balance you hold at the bank.
Using it abroad
The conversion fee is 1.65% on foreign purchases, and that is the number that decides how the card behaves on a trip. It sits above the median conversion charge in our card data, so a week abroad with a mix of card payments adds a noticeable cost to the trip. The network is mastercard, so acceptance abroad is not the issue; the price of the conversion is. Cash is the second cost, since free ATM withdrawals amount to SEK 0, and withdrawing in the local currency usually costs more than paying by card. Travellers spending in many currencies, or taking cash out, are better served by a card that keeps a bigger free allowance and a lower conversion fee. Those who make a small number of foreign purchases and pay by card can absorb 1.65% without it changing the trip.
How it compares on our data
The picture across our card data is mixed, and the trade-off is the one to read. On monthly fee the card ranks 1 out of 379 brands, which puts the cost of holding it near the top of the field once the range SEK 0 to SEK 195 is taken into account. On currency conversion fee it ranks 140 out of 237, a weak position that matches the 1.65% charge. On free ATM withdrawals it ranks 38 out of 104, consistent with a free allowance of SEK 0. Holding the card is cheap at the entry tier. Using it heavily outside Sweden is where the ranking drops, and the overall score of 5.1 reflects that balance.
The company behind it
The card is issued by Swedbank AB (publ), a Swedish bank, and the group is headquartered in Sweden. It has been trading since 1820, so the name sits on a long banking history rather than a short fintech track record. The practical effect is that the money behind the card comes from a bank account rather than from a card balance held by a payments firm, and the card is a Mastercard issued under that bank relationship. Customer service runs by phone and through a help centre, phone and help centre, which matches the way Swedish banks handle questions. Licences are not listed for this card in our data, so no regulator is named here; the issuing entity and its home country are the facts on record.
How Swedbank Mastercard compares
9.3 vs 9.4
9.3 vs 9.0
9.3 vs 8.2
9.3 vs 9.5
9.3 vs 9.6
9.3 vs 9.0
9.3 vs 9.1Priced at €0 and built around crypto card features instead of the 1.65% currency conversion charge.
9.3 vs 8.9
9.3 vs 8.1
9.3 vs 8.2
9.3 vs 9.5
9.3 vs 9.4
9.3 vs 9.2
9.3 vs 9.1
9.3 vs 9.0
9.3 vs 8.9- 9.3 vs 8.8
9.3 vs 8.8
9.3 vs 8.6
9.3 vs 8.5
9.3 vs 8.3
Where Swedbank Mastercard is available
- Available
- Sweden
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much is the monthly fee on the Swedbank Mastercard?+
The monthly fee is SEK 0 to SEK 195, which covers a spread of tiers rather than a single price. The entry tier sits at the bottom of our card ranking, and the card ranks 1 out of 379 brands on monthly fee. The higher tiers appear to be paid for by card tier rather than by extra features you can use anywhere.
What does it cost to spend in another currency?+
Foreign purchases carry a conversion fee of 1.65%. On currency conversion fee the card ranks 140 out of 237 brands in our data, so it sits well down the field. That is the number to check before a trip with several foreign payments. Paying by card is usually cheaper than taking cash.
Are ATM withdrawals free?+
The free ATM allowance is SEK 0, so cash withdrawals are charged rather than included. On this measure the card ranks 38 out of 104 brands. Cards with a free allowance score much better for anyone who needs local cash, for instance at a destination where card acceptance is patchy.
What network is the card on?+
The card runs on the mastercard network, which is the most widely used scheme among the brands in our card ranking. That means acceptance follows the usual Mastercard footprint in shops, online and at ticket machines. Network coverage is not the weakness here; the cost of conversion is what needs attention.
How is the card funded?+
It is issued by Swedbank AB (publ), a Swedish bank, so spending draws on a bank account rather than a card balance. The group is headquartered in Sweden and has been trading since 1820. That structure suits people who keep a Swedish account, and suits less anyone after a multi-currency balance or a self-custody wallet.
Can I reach support by chat or email?+
Support runs by phone and a help centre, phone and help centre. A phone call is the main route for anything urgent, and the help centre handles written questions. Live chat and email are not listed for this card, which is typical of Swedish bank support but is a limit if you prefer asynchronous help.
Is this card aimed at travel?+
Yes. Travel is the stated feature of the card, so the design starts with holidays rather than day-to-day shopping. The mastercard network covers most of the destinations Swedes travel to. The catch is the 1.65% conversion charge, which is worth weighing against a card built for multi-currency spending.
How does it compare with a card that has no monthly fee?+
Cards such as Monzo Flex, Wise and Bitpanda charge £0, £0 and €0 a month, and this card's range of SEK 0 to SEK 195 overlaps the same territory. The bigger difference is the 1.65% conversion fee, which is higher than the rivals that convert at a set rate. Choose on foreign spend, not on the monthly line alone.
Sources
- en.wikipedia.org/wiki/Swedbank checked September 26, 2026
Backs: Founded, Headquarters
“Founded 1820; 206 years ago (1820)”
- swedbank.se/privat/kort/kreditkort/kreditkort-mastercard.... checked September 26, 2026
Backs: Free ATM withdrawals, Features, Currency conversion fee, Legal entity, Monthly fee, Card network, Support channels
“Betal- och kreditkort Mastercard”
Compiled from 2 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Card type, Protection.
Swedbank Mastercard
Banked in Sweden who mainly spend in kronor and travel on a Mastercard.