Kreditkortlån

Kreditkortlån, often referred to as credit card loans or simply drawing on a credit card, is a way to access funds by using a credit card's available credit limit. Unlike a traditional loan where a lump sum is disbursed, a kreditkortlån involves using the credit card for purchases or cash withdrawals. The borrowed amount then accrues interest according to the terms and conditions of the credit card agreement.

The interest rates on kreditkortlån are typically higher than those on personal loans or mortgages. This is due to the revolving nature of credit card debt and the associated risks for the issuer. Repayment is usually flexible; borrowers can choose to pay the minimum amount due, a fixed amount, or the full balance each billing cycle. However, paying only the minimum will significantly increase the total interest paid over time and extend the repayment period.

It is important to understand the interest rate, any applicable fees, and the repayment terms before utilizing a kreditkortlån. High interest charges can quickly accumulate, making it a potentially expensive way to borrow money. For larger or long-term borrowing needs, other forms of credit may be more cost-effective. Kreditkortlån is best suited for short-term borrowing or bridging temporary cash flow gaps, provided the debt can be repaid promptly to minimize interest costs.