If you use the Klarna Card to move a purchase to installments or split it into payments, a fixed 28.99% annual interest rate applies to that balance, regardless of your creditworthiness.
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
This provision sets the interest rate structure for a specific class of transactions, establishing the cost basis for credit extended through moved or split transactions. The fixed rate designation removes rate variability for these transaction types and creates a distinct pricing tier within Klarna's credit offerings.
Every time you use the Klarna Card's 'move' or 'split' feature, you will be charged 28.99% APR on that balance — this is not a variable or introductory rate, and there is no opt-out once the transaction is moved or split.
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"** 28.99% APR applies to all moved or split transactions.— Excerpt from Klarna's Klarna Terms of Service
(1) REGULATORY FRAMEWORK: The Klarna Card is issued by WebBank pursuant to a Visa license, making this an open-end consumer credit product subject to Regulation Z (12 CFR Part 1026), specifically the periodic statement and change-in-terms disclosure requirements under 12 CFR §1026.7 and §1026.9. The fixed 28.99% APR disclosure must appear on the Schumer Box (12 CFR §1026.60) pre-account opening. The CARD Act (15 U.S.C. §1666i-1) limits retroactive rate increases but does not cap rates on new transactions. (2)
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This provision sets the interest rate structure for a specific class of transactions, establishing the cost basis for credit extended through moved or split transactions. The fixed rate designation removes rate variability for these transaction types and creates a distinct pricing tier within Klarna's credit offerings.
Every time you use the Klarna Card's 'move' or 'split' feature, you will be charged 28.99% APR on that balance — this is not a variable or introductory rate, and there is no opt-out once the transaction is moved or split.
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