{"id":437531,"date":"2022-01-26T15:45:07","date_gmt":"2022-01-26T15:45:07","guid":{"rendered":"https:\/\/www.finder.com\/uk\/?p=437531"},"modified":"2026-02-12T07:30:36","modified_gmt":"2026-02-12T07:30:36","slug":"klarna-card-review","status":"publish","type":"post","link":"https:\/\/www.finder.com\/uk\/credit-cards\/klarna-card-review","title":{"rendered":"Klarna Card review: Is it a credit card?"},"content":{"rendered":"

Buy now, pay later (BNPL) behemoth Klarna has launched a physical Visa card that allows you to pay for goods 30 days later. The card is already popular in Germany and Sweden, and now it\u2019s arrived in the UK, there\u2019s already a long waitlist to get it.<\/p>

Klarna already offers 3 ways to delay payment, but none has involved a physical card until now.<\/p>

Who is Klarna?<\/h3>

Klarna is a BNPL platform founded in 2005 in Stockholm, Sweden. The brand, known for its \u201csmooooth\u201d adverts, offers 3 options for paying later. The first allows you to pay up to 30 days later. The second lets you pay in 3 interest-free instalments, with the first made at the checkout, and the others taken 30 days and 60 days later.<\/p>

The final option is longer-term financing for big-ticket items, which is a credit deal (representative APR 18.9% variable) regulated by the watchdog, the Financial Conduct Authority, and can involve a \u201chard\u201d credit check, which would appear on your credit report. More details in our full review of Klarna<\/a>.<\/p>

What is the Klarna Card?<\/h3>

The Klarna Card is essentially the \u201cPay in 30\u201d deal but on a card. When you use the card, you can pay for your goods up to 30 days after the transaction, interest-free. Klarna has said more payment features will be added to the card.<\/p>

Although the new Klarna Card sounds similar to a standard credit card, it isn\u2019t a credit card, as you must repay the balance in full within 30 days (although Klarna will allow an extension of up to 10 days) and there\u2019s no interest to pay.<\/p>

Klarna charges up to \u00a35 for any late payments. You\u2019ll be charged after a 7-day grace period and Klarna has sent you 4 reminders. <\/p>

Importantly, it isn\u2019t regulated by the financial watchdog and doesn\u2019t offer the same protection as a credit card<\/a> if things go wrong with a purchase.<\/p>

How does the Klarna Card work?<\/h3>

You can apply for the physical card that links with an existing bank account. You use the card as normal (where Visa is accepted) by tapping or inserting the card at checkout. You can add the Klarna card to your Apple Wallet or Google Pay and use it where you can pay via a smartphone or smartwatch.<\/p>

Once you\u2019ve made a purchase, you have have 30 days to pay for it but will also have the option to pay early or extend the due date (by up to 10 days) if you need more time.<\/p>

You can set up notifications in the app where you will be notified every time you make a purchase or when a payment is due.<\/p>

What happens if I miss a payment?<\/h3>

If you can\u2019t make a payment within 30 days, Klarna offers a fee-free extension of up to 10 days. Contact Klarna to organise another way to repay if you are not eligible for this service.<\/p>

If you consistently miss payments, you won\u2019t be able to use Klarna\u2019s services and Klarna may use debt collectors to recover the debt, which may end up affecting your credit score. As of Spring 2022<\/a>, all 3 CRAs will start showing BNPL data on credit reports and as a result, payments made on time may help build your credit score.<\/p>