The Swedish tech bank Northmill launches the Rebilla Card with 2 percent cash back on purchases up to SEK 50000 (approx € 4800) a year and no fees. The Rebilla Card becomes an important cornerstone in the process of building a complete, modern, and personalized banking offer that helps everyone save money and handling their finances. The Rebilla Card will initially be issued in a limited edition.
The Rebilla Card targets all types of customers and therefore lacks any premium functions or VIP-benefits. In time, when Northmill launches a savings account, the cashback generated from purchases made with the Rebilla Card can automatically be transferred onto a person’s savings account, where it immediately starts to generate interest.