How to apply for your Credit card Klarna

Every person out there has their own personal values and things they consider to be important for their financial lives. But with so many credit card options available in the market, making a decision can be challenging sometimes. That is precisely why we want to help you while doing your research and making your decisions. So in this article, we will guide you through what you need to know about the Credit Card Klarna, a financial tool created to offer flexibility and convenience for its users, aligning it with a sense of spending control.

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Issued by WebBank, it allows its clients to manage their purchases in multiple ways and provides real-time financial insights, which can be really useful to keep up with your own spending habits. But what are other advantages of this card? What are the negative parts of using it? Let’s dive deep into the information and see if this is the one option for your profile!

Getting to know its benefits

Like any other cards out there, the Klarna Credit Card does have its own benefits, so taking a look at them can help you identify if this is what you are looking for in your financial life. Here is a small list with the advantages that are probably the most important to know:

• Unlike many other credit cards, there is no annual fee, which can make the card be considered as a cost-effective choice for most people;
• There are flexible payment options available, so you can decide to pay in full, split purchases or finance larger amounts;
• You can check out your spending insights instantly through the Klarna App, which provides real-time data;
• There are no foreign transaction fees, so if you are an international shopper, that won’t be a problem;
• Earn up to 10% cashback at hundreds of leading stores and brands when you shop through the app;
• Users can change their payment schedule, which can help you align it with your financial needs;
• There is no credit impact to apply.

What are the requirements to get this card? Am I allowed to apply?

To apply for the Klarna Credit Card, your challenges won’t be that different from any other credit card around there. The criteria is quite simple, but there are some things you need to check before applying.

First of all, you must be at least 18 years old or the legal age in your state, and also have a valid U.S. mailing address and SSN (Social Security Number). It is also important that you have a good credit score, as your creditworthiness will be checked during the approval time. Other than that, having a Klarna account is also a must, as to have purchased through Klarna at least once (and have paid it on time).

Please note that the card is available in the 50 U.S. states, and the District of Columbia. However, it is not available in Puerto Rico, the Virgin Islands or any other U.S. territory. At the moment, applications are also not available in Wisconsin.

What are the pros and cons of this card?

Well, starting with the pros, it is important to highlight some of the advantages we have already mentioned before:

• No annual fee, which can help you saving money;
• No foreign transaction fees, which is great for international purchases;
• Flexible payment options;
• Adjustable payment dates;
• Real-time spending tracking, which can help you avoid spending too much without realizing;
• Easy management using the Klarna App.

Now, about the cons:

• If earning rewards is important to you, this may not be the best fit for your financial profile, as the card doesn’t feature a traditional rewards program—though it does offer up to 10% cashback at top stores and brands when you shop through the app;
• It is also not ideal for those who don’t have a good credit score, as it is necessary to have a good credit history in order to make use of it;
• Application may affect your credit score temporarily.

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What are the fees and charges in this card?

As we have already mentioned, there is no annual fee or foreign transaction fee applied, as the Klarna Credit Card is supposed to be a cost-effective option for the users. However, you should be aware of:

• A 28.99% APR applies to all moved or split transactions, except for Pay in 4, which is interest-free;
• Late fees may apply if your payment isn’t collected after multiple attempts;
• If any payment remains unpaid for 10 days after its due date, the late fee can be of up to $7. The total of Late Fees charged on an order will never exceed 25% of the Total Purchase Amount.

What should I know about WebBank?

Responsible for issuing the Klarna Credit Card, WebBank is an American company founded in the state of Utah in 1997, and headquartered in Salt Lake City. It has as partners large and well-known companies, such as PayPal, Yamaha Financial Services, Gemini, Dell Technologies, Shopify, and more.

Over all this time active, the bank has originated and funded over $175 billion in consumer and commercial credit products. About the credit card itself, WebBank collaborates with Klarna to offer it, by using its technologies aligned with their expertise. If you are interested in learning more about the company, we suggest checking out their website for more information.

What is the target audience for the credit card Klarna?

This card may be a strong choice for budget-conscious consumers who value spending control and flexible payment options, especially those with a good credit history or who frequently make foreign transactions. However, it might not be ideal for individuals seeking robust rewards programs or those with limited or poor credit history.

What steps should I take to apply?

To apply for the card, you should pay attention and follow these steps:

1. Open a Klarna account (in case you don’t have one already);
2. Navigate to the credit card section in the card’s website or app;
3. Fill out the application with your personal information;
4. Submit your application for approval;
5. Receive the decision (which usually only takes a few minutes);

Activate your card.

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To activate your card, open the Klarna app, go to the card section, follow the steps asked and set a pin (if required). You should also know that you can also add your card to Google Pay and Apple Pay.

Customer service

If you have any other questions, you should contact the customer service to have the answers you need. Contact can be done in the app chat or via phone support: (888) 518-2771.