The Klarna Card is a Visa card issued through WebBank that charges 28.99% APR on any transaction you move to a payment plan or split into installments.
This analysis describes what Klarna's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
The APR disclosure establishes the cost structure for revolving credit extended through the Klarna Card product when users elect to split or move purchases into installment arrangements. This rate applies to the outstanding balance subject to standard credit card finance charge calculations.
Interpretive note: Only the APR for moved or split transactions is disclosed here; full card agreement terms including grace period, fees, and default rate are not reproduced in this document.
Any purchase moved or split using the Klarna Card will accrue interest at 28.99% APR, which can significantly increase the total cost of a purchase if not paid in full promptly.
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"The Klarna Card is issued by WebBank pursuant to a license from Visa U.S.A. Inc. ** 28.99% APR applies to all moved or split transactions.— Excerpt from Klarna's Klarna Terms of Service
REGULATORY LANDSCAPE: As a Visa-network card issued by WebBank, this product is subject to Regulation Z open-end credit disclosure requirements administered by the CFPB. The Schumer Box disclosure and periodic statement requirements apply. The Visa network license also subjects the product to Visa network rules. The CFPB holds enforcement authority over both WebBank as a supervised entity and Klarna as a service provider. GOVERNANCE EXPOSURE: Medium. The 28.99% APR is within the range observed for consumer credit cards but at the higher end; the disclosure is brief and the full terms are not reproduced in this document. Compliance teams should confirm that full Regulation Z open-end credit disclosures, including the Schumer Box, are provided at account opening and in periodic statements. JURISDICTION FLAGS: California residents have additional protections under state consumer credit law. The bank-fintech issuer model may create true-lender exposure in states with aggressive consumer lending enforcement, including Colorado and Illinois. CONTRACT AND VENDOR IMPLICATIONS: The WebBank issuance creates a co-branded card structure; liability allocation between Klarna and WebBank for regulatory violations, fraud, and chargebacks should be reviewed in the underlying program agreement. COMPLIANCE CONSIDERATIONS: Full Regulation Z account-opening disclosures, billing rights notices, and periodic statement requirements should be audited. Marketing materials referencing the card should include required APR trigger-term disclosures. The brief disclosure on this hub page is not a substitute for the full card agreement.
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The APR disclosure establishes the cost structure for revolving credit extended through the Klarna Card product when users elect to split or move purchases into installment arrangements. This rate applies to the outstanding balance subject to standard credit card finance charge calculations.
Any purchase moved or split using the Klarna Card will accrue interest at 28.99% APR, which can significantly increase the total cost of a purchase if not paid in full promptly.
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