SAS Executive Card: Early Access Expired, New 20,000 Bonus Points Offer

The SAS EuroBonus Business Executive Card now has a public welcome offer of 20,000 Bonus Points. This follows the expired early access promotion, which offered 25,000 extra Level Points to eligible cards that completed onboarding by September 20, 2026. With the normal 20,000 annual Level Points, that earlier offer could provide 45,000 Level Points in the first year, enough for Gold if credited within the same qualification period. SAS calls a card that has completed onboarding “boarded.”

We reviewed the final terms and documented the complete Swedish application process. The new information gives us a much clearer view of the card than the original announcement in May. We now know the cost of every card, the lounge limits, how points are awarded, and what a company must provide when applying.

The first boarding groups are onboarding, and physical cards have started shipping. SAS now promotes the public welcome offer on its Executive Card page. The original boarding group process is documented below as part of our early access coverage.

New Public Welcome Offer: 20,000 Bonus Points

SAS’s launch announcement now offers 20,000 extra EuroBonus Bonus Points. These can be used for award travel and other rewards. They do not increase your Level Points balance or count toward Gold.

The separate 20,000 Level Points per year benefit continues. The distinction is:

The public offer therefore does not provide the earlier total of 45,000 Level Points in year one. Review the current application terms for welcome offer eligibility and posting details.

The public welcome offer provides 20,000 Bonus Points for rewards. The separate 20,000 annual Level Points count toward EuroBonus status.

How Early Access Opened

The original email sent to the first waitlist members confirmed that onboarding had started. Companies were divided into boarding groups, beginning with Group 0, with Groups 1 to 5 to follow gradually.

The group system mattered because the expired promotion was tied to completed onboarding, not the date someone joined the waitlist or submitted an application. The original SAS website stated:

Extra 25,000 Level Points = 45,000 Level Points in year one. For cards boarded by September 20, 2026. Limited to one redemption per EuroBonus account.

The deadline left later groups less time to qualify. Joining the waitlist or submitting an application alone did not secure the extra 25,000 Level Points. That deadline has now passed.

The early access email sent to waitlist members on September 1, 2026.

How the Expired 45,000 Level Point Offer Worked

The Level Point calculation is simple. The Executive Card normally provides 20,000 Level Points each year, enough for EuroBonus Silver without flying. The expired early access offer added 25,000 extra Level Points in the first year for eligible cards:

EuroBonus Gold normally requires 45,000 Level Points or 45 qualifying flights in one qualification period. The early access offer could therefore provide enough Level Points for Gold if they were credited within the same qualification period.

The original offer had two eligibility conditions, plus an important timing consideration for qualifying cardholders:

1. The card had to be boarded by September 20, 2026. The application date did not secure the offer. The company also had to complete verification and receive Nordiska’s credit decision.
2. The offer was limited to one redemption per EuroBonus account. Multiple Executive Cards linked to the same person did not provide more than one bonus.
3. Check when the points will be added. The program terms say SAS will not change the date to match an individual’s qualification period. If your EuroBonus year ends soon, ask when the Level Points will be added.

Applying After the Public Launch

The official Executive Card page now advertises the 20,000 Bonus Points welcome offer and provides a “Start your application” button. Existing applicants should follow the instructions SAS sends for their application.

The application must be submitted by the company’s CEO or an authorized signatory. SAS currently supports:

• Sweden: Enskild firma and Aktiebolag.
• Norway: Sole trader and AS.
• Denmark: Sole trader, A/S, and ApS.

Nordiska performs the credit assessment. A place on the waitlist does not guarantee approval, and the final credit limit may be lower than the amount requested.

Once approved, SAS says the first physical Executive Card is ordered automatically for the person who submitted the application. Companies can then order physical cards for employees and coworkers through the admin portal.

The original email said digital cards and mobile wallet support would come later. The current product page now advertises a digital card in the app once approved. Check the SAS Card App for mobile wallet options available to your account.

Application Walkthrough in Sweden

We documented the Swedish application directly during early access, from BankID identification to the final boarding group confirmation. The screenshots show that original flow; the public application may differ. The application includes seven screens that cover the company, requested credit, repayment, and expected card use. The initial form is simple and does not ask for company documents, although Nordiska can still request more information during its review.

The screenshots below only show the Swedish application. The local electronic identification method, currency, company types, questions, and wording may differ in Norway and Denmark. We will update this guide when we can document those applications directly.

The application starts with country selection and identity verification. SAS then reviews the application before the agreement is signed and the card is issued.

Step 1: Identify the Company

The first screen identifies the company. In Sweden, the applicant selects Sweden and enters the company registration number. A Swedish sole trader enters a personal identity number instead. The person signing in must be the CEO or another authorized signatory.

Step 1 asks SAS and Nordiska to identify the company.

Step 2: Verify a Company Email Address

Next, the form asks for a company email address and sends a verification code. Use an inbox that the applicant checks regularly because SAS will also use email during the review.

The company email must be verified before continuing.

Step 3: Request a Credit Limit

The Swedish application provides a slider from 20,000 to 200,000 SEK. A company can request a higher limit later by contacting support. The selected amount is only a request. Nordiska may approve a lower limit.

The initial Swedish credit limit selector ranges from 20,000 to 200,000 SEK.

Step 4: State How the Credit Will Be Repaid

The application then asks how the company will repay the card. The standard answer includes cash flow, the company’s own funds, or external financing. An “Other” option allows a separate explanation. This is a normal part of the credit and compliance review.

Applicants identify the expected source of repayment.

Step 5: Describe the Expected Card Use

The card usage screen asks where the card will mainly be used and whether spending will be similar each month or vary. It also confirms an important rule, the Executive Card may only be used for business expenses.

The applicant selects the main region and whether monthly card usage will be steady or variable.

Step 6: Review the Application and Terms

Before submission, SAS shows the company information, requested credit limit, repayment source, and expected usage on one page. Each section can be opened again if something needs to be changed.

This is the point where we recommend slowing down and reading the documents. The page links the program terms, general credit terms, price list, privacy notices, and travel insurance terms. Check the annual fee for each card and note that payment is due 14 days after the invoice date.

The final review shows the application choices and all legal documents in one place.

Step 7: Submission and Boarding Group Review

The confirmation appears immediately after submission. In the Swedish application we documented, the company was assigned to Boarding Group 3 while SAS was processing Group 0.

This screen is easy to misunderstand. It confirms that SAS received the application, but it is not a credit approval. There is nothing else to do while the application waits for its group to open. Nordiska will review it in group order and send the result by email. If approved, the next steps are signing the agreement and receiving the card.

The submitted application entered Boarding Group 3 while SAS was processing Group 0.

The Fee Applies to Every Card

The most important pricing detail is that the fee applies to every card, not once per company. SAS shows a monthly price of 599 SEK or NOK, or 499 DKK. However, Nordiska bills the complete fee for 12 months in advance.

Invoices are normally due 14 days after issue. The product includes up to 45 interest free days, depending on the purchase date. Cash withdrawals and transactions that are equivalent to cash are not permitted.

This changes the calculation for companies with several employees. One Swedish card costs 7,188 SEK per year. Five cards cost 35,940 SEK, and 15 cards cost 107,820 SEK before any negotiated discount.

SAS invites companies that need 10 or more cards to discuss volume pricing. Companies planning 25 or more cards can also receive implementation and ERP integration support.

The Lounge Benefit Is Not Unlimited

The original announcement said that lounge access was included, but it did not explain the limits. We now know exactly what each eligible cardholder receives:

• 10 SAS Lounge vouchers per year for SAS lounges in Copenhagen, Oslo, and Stockholm.
• Five free Priority Pass visits per year across its network of more than 1,800 lounges.
• 35 USD per Priority Pass visit after the five included entries.

The main benefit page does not mention free guest visits. Until SAS publishes separate lounge terms, calculate the benefit for the cardholder only.

This can still be useful for occasional lounge visits. However, it is not the same as an unlimited Priority Pass membership, and we would not value it as one.

Points Go to the Cardholder, Not a Company Pool

The final program terms answer another important question. Each cardholder links the Executive Card to a personal EuroBonus account. Eligible purchases on that card earn 25 Bonus Points per 100 SEK, NOK, or DKK into that account.

Only one Executive Card at a time can be linked to a person’s EuroBonus account for Bonus Points, Level Points, and SAS Lounge access. Additional cards held by the same person do not create duplicate entitlements.

Purchases made before the card is linked do not earn points later. Transaction points are also held until the company pays at least the minimum amount due on the related invoice. If the bill remains unpaid after the second reminder, those points are lost and cannot be recovered.

This can be valuable for the cardholder, but the company needs a clear policy. Under the terms, the company and the cardholder are responsible for tax questions. SAS does not monitor whether points earned from business spending are later used for work or private travel. The company must determine any taxes on employee benefits, payroll contributions, withholding, or reporting obligations. Cardholders remain responsible for personal tax obligations.

More Details Confirmed at Launch

The remaining benefits are useful, but the Level Points and earning rate are still the main reasons to consider the card. The final benefits page confirms:

• Avis President’s Club status with priority service and rental discounts.
• Travel insurance when at least 50% of a covered trip is paid with the card.
• 3 GB of mobile data each month in more than 100 destinations.
• A free NordVPN subscription.
• Automatic Scandic Friends Level 4 status at minimum.
• A Cardlay expense platform with receipt capture, cost codes, mileage, policy rules, controls that update in real time, and structured exports.

The Swedish Zurich insurance terms cover the cardholder and family on covered trips of up to 60 days. They also cover up to 60 days of private travel connected to a business trip. Limits and exclusions apply, including separate payment rules for rental cars.

For a complete analysis of each benefit, including insurance limits, prohibited transactions, company types, team pricing, and comparisons with Amex Elite and Mastercard Premium, see our updated SAS Executive Business Card guide.

How the New Offer Changes the Value

For an eligible business owner seeking EuroBonus Gold, the expired offer had a clear status advantage: its 45,000 Level Points could reach Gold within one qualification period. The new public offer instead adds 20,000 Bonus Points for redemptions. The card also earns 25 Bonus Points per 100 kr on eligible purchases.

Remember that Level Points cannot be used to book flights. They only count toward status. The regular benefit is 20,000 Level Points each year, enough for Silver from zero but not Gold. Under the current public offer, the welcome Bonus Points do not increase that status total.

The value is lower for someone who already holds Gold or Diamond, rarely travels, or spends little on the card. It also becomes harder to justify when a company adds many employee cards because every card has a separate annual fee.

New applicants should compare the redemption value of the current welcome offer and the ongoing benefits with the annual fee. The expired Level Points bonus should no longer be part of that calculation.

What to Do Now

If you are applying now or already have an application in progress:

1. Review the current 20,000 Bonus Points welcome offer on the official card page, or follow SAS’s instructions for your existing application.
2. Ask the CEO or authorized signatory to prepare the application.
3. Confirm the applicant’s EuroBonus number and the date when their qualification year ends.
4. Submit the application and allow time for credit review. The September 20 extra Level Points deadline has passed.
5. Link the EuroBonus account before the first purchase.
6. Decide which employees need an additional card at the standard price.
7. Create a written company policy for points earned through business spending and private redemptions.

New applicants can start through the Executive Card page. Check the current welcome offer terms for eligibility and when the Bonus Points will be credited.

AwardFares’ Take

After reviewing the final terms and the Swedish application, we see this as a strong status card for a business owner or a small number of frequent travelers. We do not see it as an obvious card for every employee.

The expired offer of 45,000 Level Points was particularly valuable for status. The new 20,000 Bonus Points welcome offer adds redemption value, while the annual status benefit remains 20,000 Level Points. The main limitation is the price. The fee applies to every card, while lounge access has clear limits. A company with many cardholders should calculate the full yearly cost and ask SAS about volume pricing before applying for additional cards.

The Level Points can provide status, while the Bonus Points earned from purchases can be used for award travel. AwardFares can search EuroBonus award seats across SAS and its SkyTeam partners and alert you when seats become available in premium cabins.

Official Sources

• SAS Executive Card current welcome offer and application
• SAS Executive Card benefits
• Pricing, credit, and company eligibility
• Nordiska general credit and payment terms
• Official price list
• SAS EuroBonus Business Cards program terms
• Swedish Zurich travel insurance terms