Are you an avid online shopper? You are not the only one, as studies show that Finns are increasingly online shopping, and to an increasing extent also from foreign online stores.

We’ve written in the past that wire transfer is not the ideal way to pay for online purchases, but it would be a good idea to pay by credit card. But which credit cards are best for online shopping?

What features can be useful for online shopping?

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All credit cards provide additional security for online shopping because if the purchased product does not arrive at all, or does not meet the seller’s description, you may be able to claim compensation from the credit card company for poor sales. This feature is included with all credit cards by default, so you do not need to choose a card here.

What features should you consider when choosing a card? Typical additional features of a useful credit card in online shopping include price security, product security, payment benefit, and reward points.

Security price guarantees the lowest price

Security price guarantees the lowest price

Price security means that if a product purchased with a credit card is found cheaper at another store, the credit card company will refund the difference in product prices to the customer. Price security therefore guarantees that the customer always gets the products they buy at the lowest possible price.

There are currently two price-protected credit cards in the Finnish market:  price protection is higher than Silver: Goodcard has a maximum compensation of EUR 1,500 per product and EUR 500 maximum. With Goodcard, price protection is valid for 60 days from the time of purchase and for Tuohe for 30 days. This can be seen as an advantage for the annual fee, whereas the annual fee for Goodcard is 60 Goods.

Product security insures your shopping

Product security insures your shopping

Some credit cards have the added benefit of product security, which is a convenient insurance policy for credit card products in the event of breakage, loss, and theft. Product coverage will vary from card to card, but invariably it covers credit card products for breakage. Most cards provide protection against theft as well as theft. In Good Finance’s cards, product security even replaces lost items. The maximum compensation amount for all Good Finance cards is EUR 1,000 per product.