Credit Cards for existing customers
Coronavirus support for existing Co-operative Bank credit card customers
We appreciate that these are worrying times for our customers and you may feel concerned about how the Coronavirus will affect you and your finances.
We have a number of support options available to help our credit card customers. Based on your individual circumstances, we can offer limit increases and breathing space. If your finances have been impacted, as a result of coronavirus (COVID-19), we may be able to offer you a payment holiday for 3 months to support you during this challenging time.
If you have already received an initial payment holiday and you feel that you are still experiencing financial difficulty due to coronavirus; then you may want to consider applying for a payment holiday extension for up to three months. You can apply for this online 14 days before your payment holiday is due to end.
You can find important information about these options on our dedicated support page. You can currently apply for a payment holiday at any time up to 31st October 2020.
3 Year Fixed Rate Credit Card
- 8.9% interest p.a. fixed for 3 years on purchases and balance transfers
- No balance transfer fee
- No annual fee
Representative example
18.3% APR representative/variable on an assumed credit limit of £1200 and a purchase rate of 18.3% p.a./variable.
Balance Transfer Credit Card
Pay back your existing credit card balances from one place- 0% interest per annum on balance transfers for 24 months on all balances transferred in the first 60 days of account opening
- 3% balance transfer fee (minimum charge £5)
Representative example
20.6% APR representative/variable on an assumed credit limit of £1200 and a purchase rate of 20.6% p.a./variable.
Co-operative Members' Credit Card
A credit card exclusively for Co-operative Members- Receive cashback when you use your card where the Visa symbol is displayed or in Co-operative Food stores.
- No annual fee
Representative example
18.3% APR representative/variable on an assumed credit limit of £1200 and a purchase rate of 18.3% p.a./variable.
Compare our credit cards
Use our credit card comparison table to find which credit card may be best for you.
Help for existing customers
Includes useful hints and tips about everything from paying your bill to keeping your card safe.
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.
Interest
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
Per annum is a quicker way of saying ‘for each year’.
Balance Transfers
A balance transfer is when you move an unpaid balance from one credit card to another, typically in order to pay it off at a lower interest rate. When you do a balance transfer, you effectively use one credit card to fully or partially pay off the other. We may charge you a fee for doing a balance transfer.Purchases
When we talk about purchases, we’re referring to card transactions with retailers, as opposed to cash withdrawals or balance transfers.Interest
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
Per annum is a quicker way of saying ‘for each year’.
Variable
When a rate is advertised as variable, it means that it could go up or down.
APR (Annual Percentage Rate)
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.
Variable
When a rate is advertised as variable, it means that it could go up or down.
Credit limit
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.APR (Annual Percentage Rate)
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.
Representative
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.
Variable
When a rate is advertised as variable, it means that it could go up or down.
APR (Annual Percentage Rate)
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.
Per annum
Per annum is a quicker way of saying ‘for each year’.
Representative
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.
Variable
When a rate is advertised as variable, it means that it could go up or down.
Fixed
Fixed means your interest rate won’t change for a set period of time. You should always check to see how long your fixed rate lasts.
Interest
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.
Our credit cards are available exclusively for Co-operative Bank customers who have held a standard current account for one month or more. Choose a credit card for purchases, transfers or rewards today.
Contact us
If you'd like more help & information, you can:
