Telenor MyCard is not just a payment tool. The more often customers use it, the greater discount they get. Cardholders can use a credit line at any MasterCard merchant personally or through the internet. Telenor MyCard also enables them to purchase the handset of their choice with a zero-interest and a six to 22 month installment plan. MyCard has better terms than other debit or credit cards as it offers a 1.5% non-capped cashback on any purchase. It is also unique in that the annual percentage rate (APR) is 0% in the first three months, that is, cardholders can use the credit line associated with the card without paying any interest. The card is issued free of charge and has one of the lowest monthly fees in the market, which can be fully offset through regular use.