Bank Norwegian

[harryc]

This Bank Norwegian stuff looks appealing - anyone have any experience with their services?

(They are 20% owned by the 'Norwegian' airline)

(I posted this BEFORE I saw their Mafia interest rate of 21.92%)

[sky2]

It seems to me more like a credit company than the actual bank, eg. you can get a credit card but cannot use as a regular deposit account.

[harryc]

Actually that would be the aspect of their operations I'd like to use - so interested if anyone has any experience. It seems as if they're offering an almost 'free lunch.' But the 'free lunch' becomes rather indigestible when one sees they have a 21.92% interest rate - but they are unclear of when and how such an egregious rate applies.

[betelgeuse]

Actually that would be the aspect of their operations I'd like to use - so interested if anyone has any experience. It seems as if they're offering an almost 'free lunch.' But the 'free lunch' becomes rather indigestible when one sees they have a 21.92% interest rate - but they are unclear of when and how such an egregious rate applies.

I didn't have trouble understanding when the rate applies. Basically from the due date of the invoice or immediately for some transactions. I have been testing their savings account and credit card and no problems so far.

[Rip]

Earlier thread: viewtopic.php?f=3&t=92871

[harryc]

I didn't have trouble understanding when the rate applies.

OK - you're clever - I'm stupid.

++

All I and other stupid people has seen is this from their web page (their ONLY info on interest!):

Esim. maksulykkäyksen yhteydessä vuotoinen korko 21,92%, 1500 eur/12kk yhteensä 1668 eur.

Very detailed - and tells everything - yeah, right!

In any case - whatever might be the situation where they take 21.92% - that is Mafia/Outrageous amount!

[betelgeuse]

I didn't have trouble understanding when the rate applies.

OK - you're clever - I'm stupid.

++

All I and other stupid people has seen is this from their web page (their ONLY info on interest!):

Esim. maksulykkäyksen yhteydessä vuotoinen korko 21,92%, 1500 eur/12kk yhteensä 1668 eur.

It's all spelled out in their contract. You need to agree to it as part of the sign up process.

https://www.banknorwegian.fi/Documents/ ... eement.pdf

The contract references the price list which is here.

https://www.banknorwegian.fi/Tuotteet

The rates are so high that you should always pay the invoice in full. There are indeed much better cards if you want to take longer term credit.

[harryc]

Once I saw 21.92% I wasn't tempted to look much further.

(S'Pamkki and OP are about 7%)

[Rooperi68]

User can get interest free payment time of maximum 6 weeks for his invoice. The card is actually Visa, which makes it very useful.

[Y77]

User can get interest free payment time of maximum 6 weeks for his invoice. The card is actually Visa, which makes it very useful.

and you also get cash point to fly with norwegian. Recently I booked a flight to southern europe, just paying with the cash points earned with the credit card. Basically a flight for free, never paid a penny in interests. This card is absolutely fantastic.