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Balance Transfer Credit Card

Consolidate your existing debt with our Balance Transfer Credit Card.


Check eligibility

Balance transfer credit card

  • 0% interest per annum on balance transfers for 24 months from the date you transfer your balance
  • After 24 months this becomes 20.6% interest per annum
  • 0% interest per annum on purchases for 4 months from account opening
  • After four months, this becomes 20.6% interest per annum
  • There is a 1% balance transfer fee (minimum charge of £5)
  • You can transfer 95% of your credit limit (minimum of £100)
  • Balances from another Co-operative Bank or smile credit card can’t be transferred
  • We charge 27.9% interest per annum on cash withdrawals
  • Pay back your existing credit card balances from one place
  • Transfer your balance up to 60 days after account opening
  • Pay using Apple Pay, Google Pay and Samsung Pay
  • No annual fee

Representative example

20.6% APR representative (variable). Based on assumed credit limit of £1200 and a purchase rate of 20.6% per annum (variable).

What do these numbers mean?


Our credit cards are only available to Co-operative Bank customers

Our credit cards are only available to customers who have held a Co-operative Bank or smile current account for 1 month or more (excluding Pathfinder, Cashminder and Student accounts).


Balance Transfer Calculator

Calculations shown are for illustrative purposes only and are based on fixed monthly payments.

(£100 - £10,000)

(£5 - £500)

Minimum amount must be .

Maximum £500. Learn more

Illustrative example


A balance transfer of

£2,500


would be fully paid in

2 years 2 months


based on a representative rate of

20.6% APR variable


This includes a transfer fee of:

£25


You would have to repay a total of

£2,527.11


Why join The Co-operative Bank?

We are the bank for people with purpose. We were born from the co-operative movement over 145 years ago. Where others saw obstacles, we saw opportunity; a chance to make what worked for one, work for all. We’re proud to be the only UK high street bank with a customer-led Ethical Policy. Our customers know their money will be kept safe and not be used in a way that conflicts with their values and ethics.


To apply the main card holder must meet the following:

  • 18 or over.
  • UK resident.
  • Earning a minimum Gross Annual Income (GAI) of £10,000.
  • An existing customer having held a Co-operative Bank or smile current account for at least 1 month (Cashminder, Student and Pathfinder accounts are not eligible).
  • Not had any County Court Judgements (CCJs), entered into any Individual Voluntary Arrangements (IVAs) or Trust Deeds nor been declared bankrupt within the last 6 years.
  • Not in arrears or have not missed more than 2 payments on any credit agreement in the last six months.
  • Must be employed full time, part time, self-employed or retired.
  • Additional cardholders can be unemployed as long as they’re 18 or over and a UK resident.

Approval is subject to status and based on a credit check and an assessment of your personal circumstances.


Important documents

Important information, Pre-contract credit information and Terms and Conditions

Download Important information, Pre-contract credit information and Terms and Conditions PDF

Features, benefits and summary box

Download Features, benefits and summary box PDF

How we use your personal information

Download How we use your personal information PDF

Our lending commitments and what we ask of you

Download Our lending commitments and what we ask of you PDF


Not the card for you?

See our other credit cards

View other credit cards


 

The Co-operative Bank reserves the right to decline any application.

Whether we can offer you credit depends on your circumstances and our lending policy. We may decline your application based on your circumstances or our lending policy. We may be able to offer a product that's different to the ones advertised.