Consolidate your existing debt with our Balance Transfer Credit Card.
20.6% APR representative (variable). Based on assumed credit limit of £1200 and a purchase rate of 20.6% per annum (variable).
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).
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.
Approval is subject to status and based on a credit check and an assessment of your personal circumstances.
A balance transfer is when your balance from a credit card or a store card is moved to another credit card.
This means you can consolidate what you owe, make repayments from one place and you could save money if the interest rate is lower.
With our Balance Transfer Credit Card you can move your balance and pay 0% interest for 24 months.
Once you have applied and been accepted for a Balance Transfer card, you can transfer your balance by logging into online banking.
Select ‘Balance Transfer’ on your credit card account screen, and then add your previous credit card details and the amount you want to transfer.
The transfer can take up to 48 hours. When the balance transfer has been completed, you’ll receive a secure message within online banking.
You can also call us on
+44(0)345 600 6000Please see our UK Call Charges
The 0% interest rate for two years starts from the date of the transfer.
Balance transfers must be made within 60 days of opening the account.
We charge a 3% balance transfer fee.
You can help to minimise the amount of interest you pay in the following ways:
OR
Paying more than the minimum monthly repayment. This means you’ll be charged less interest and you’ll repay what you owe more quickly.
You will need to pay whichever is the greatest amount out of:
If the balance shown on your statement is less than £5, your minimum payment will be all of this amount.
Unlike some banks, if you miss or make a late repayment you will not be taken off the introductory balance transfer offer.
The amount we charge for withdrawing cash – including foreign currency, Travellers Cheques, gambling transactions and loading pre-paid cards.
What we charge for transferring your balance to the card.
What we charge for sending a copy of a past statement to you.
What we charge if we do not receive a payment, or we receive a payment after the due date.
What we charge if you spend more than the credit limit we've agreed with you.
What we charge if you make an uncleared Direct Debit or cheque. For example, if you do not have sufficient funds in your account to make a payment.
Applied when you make a purchase using your debit card in a foreign currency, or if you make a cash withdrawal in a foreign currency outside the UK using your debit card.
Transactions are also converted into sterling using the Visa Scheme Exchange Rate which can be found here.
The charge for withdrawing cash when overseas.
£500.
This depends on how much we think you can afford to pay back on your card.
Your credit limit will cover any balance transfers, purchases and revolving balances.
The balance transfer limit is 95% of your agreed credit limit.
Please request a limit to cover your needs, including balance transfers and any purchases you intend to make. We will then carry out a credit worthiness check and inform you of your credit limit.
The amount you request will not affect your credit score or our lending decision.
After looking at your personal circumstances, we may decline your application. Being refused for credit card can have a negative effect on your credit rating. If this happens, you should avoid applying for the same card again.
All applications, positive and negative, will show up on your credit file.
For free and impartial advice, please see the following website article: Money Advice Service.
Important information, Pre-contract credit information, Terms and Conditions
Download Important information, Pre-contract credit information, Terms and Conditions PDFFeatures, benefits and summary box
Download Features, benefits and summary box PDFHow we use your personal information
Download How we use your personal information PDFOur lending commitments and what we ask of you
Download Our lending commitments and what we ask of you PDFYou pay interest for borrowing money on a credit card. We calculate interest at an annual percentage rate (APR) and charge monthly. You can see how much interest you’ve been charged by checking your monthly statements or online banking.
When we talk about purchases, we’re referring to card transactions with retailers, as opposed to cash withdrawals or balance transfers.Per Annum
Per annum is a quicker way of saying ‘for each year’.
When a rate is advertised as variable, it means that it could go up or down.
APR is the interest rate calculated across the lifetime of your agreement, including any fees (total cost of credit). You can use it to compare the cost of similar products from other lenders.
Lending decisions are based on personal circumstances, so the rates we offer may vary between customers. When we advertise our products, we use representative rates to show what the majority of customers may be offered.
Not to be confused with ‘available credit’ (the amount available to spend), your credit limit is the upper limit of what you can borrow on a particular card. Your credit limit is typically determined by your financial circumstances and requirements when you apply.
You pay interest for borrowing money on a credit card. We calculate interest at an annual percentage rate (APR) and charge monthly. You can see how much interest you’ve been charged by checking your monthly statements or online banking.
Per annum is a quicker way of saying ‘for each year’.
Google Pay is simpler, safer, and you can use it anywhere contactless is accepted.
Carry your credit and debit cards on your Galaxy device - and make secure contactless payments on the go.
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.
If you’re calling from the UK, calls to 0800 and 0808 numbers are free from landlines and mobiles; calls to 03 numbers cost the same as calls to numbers starting with 01 and 02; calls to 0845 and 0870 numbers cost 3p per minute, plus your phone company’s access charge; calls to 0844 and 0843 numbers cost 7p per minute, plus your phone company’s access charge. Charges for calls made outside of the UK will be determined by your local provider.
Calls may be monitored or recorded for security and training purposes.
You will need to pay whichever is the greatest amount out of:
If the balance shown on your statement is less than £5, your minimum payment will be all of this amount.
If you'd like more help & information, you can: