Laysho credit cards have long been rated very high and have been appreciated by users. This is not least thanks to the 1% bonus on all purchases. But now that they have lowered their bonus, many users have complained and partly opted for other cards with better benefits.
On August 1, 2018, Bank Norwegian significantly changed their bonus system. That there would be a change is not entirely unexpected given that so many other credit cards have lowered their bonuses in recent years. However, regardless of whether other cards have been lowered or not, the reduction was hardly received by the users.
Lowering to less than half
Up to the first of August, a 1% bonus was given on all purchases. This bonus was given in bonus points, which were then mainly used to pay part or all of the travel at the airline Bank Norwegian. By using the card for everyday shopping, many people could earn points for free travel within Europe at least once a year.
Now, however, the bonus has been lowered to 0.5%. In addition, an upper roof has been installed. Bonus is given only for purchases of up to SEK 100,000. When you reach this level you can still get points, but it is only given for purchases made in foreign currency, grocery and gasoline.
In addition to halving the bonus, restrictions have been introduced so that purchases of capital goods do not give bonuses after reaching this level. A level that is reached relatively quickly if the card is used for most everyday purchases.
EU law may be the cause
What lies behind the reduction is not apparent on Norwegian’s website. But an EU directive can be a cause. This directive was introduced a couple of years ago and allowed the card companies to charge a maximum of 0.8% in fees from the merchants who accept the cards as means of payment.
This was what many credit card companies stated as the reason when they implemented their reductions. Cards that lowered their bonus include Shell, Preem, OK / Q8 and Re: member (who removed the bonus card).
The criticism did not wait for this reduction. In our review there is the opportunity to comment and rate the card. The signature “Rogge” gives the card a single star of five possible and indicates the bonus change as the big reason. He points out that the card was a “top card” until the change and that the conditions were now changed “greatly to the worse”. Also “Anders” gives the same rating and writes that “New conditions are rubbish – Avoid”.
Two other signatures agree that the agreement has deteriorated but that it does not lower the final grade to just one. “Jonas” gives three out of five points and points out that there are better options for earning bonuses and cashback. This via cards like remember flex and Coop. The first card gives high discounts in online trading, while Coop does only give 0.5% bonus but multiples when purchases are made on Coop.