What is krediitkaart?

Krediitkaart is the Estonian word for credit card. Credit cards are payment cards that allow consumers to make purchases without the need for cash. They work like a loan, allowing the cardholder to borrow money from the issuer to make purchases. The cardholder must pay back the loan with interest on a monthly basis.

Credit cards are widely used in Estonia, with major credit card issuers including Swedbank, SEB, LHV, and Coop Pank. Credit cards offer a range of benefits, including reward points, cashback, and travel discounts.

To apply for a credit card in Estonia, customers must have a stable income and a good credit history. Credit limits vary based on the customer's income and creditworthiness. Credit card transactions are secured with PINs and chip technology to prevent fraud.

Overall, credit cards are a convenient and popular payment method in Estonia, providing consumers with flexibility and rewards for their purchases.