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0% Balance Transfer credit card

Pay back your existing credit card balances from one place.

  • No annual fee

  • 60 days to transfer your balance after account opening

  • Compatible with your digital wallet

  • Manage your card in online banking, in our app, over the phone and in a branch

Balance Transfer credit card and The Co-operative Bank mobile app

Card features

  • 0% interest per annum for 2 years, on balance transfers made within first 60 days of account opening, then 20.6% per annum (variable)

  • 3% fee on balance transfers (minimum charge of £5)

  • 0% interest per annum on purchases for 4 months from account opening, then 20.6% per annum (variable)

  • 27.9% interest per annum (variable) on cash withdrawals from account opening

Representative example

The representative examples can enable you to compare the costs across different products and providers.

Based upon:

  • £1,200 assumed credit limit

  • 20.6% per annum purchase rate (variable)

Credit and balance transfer limits
Fees and charges
Help and support

Credit and balance transfer limits

  • We'll run a credit check and assessment of your personal circumstances and let you know what your credit limit would be
  • The minimum credit limit you can apply for is £500
  • The maximum credit limit you can have depends on how much we think you can reasonably afford to pay back
  • The balance transfer limit is 95% of your agreed credit limit, and you must transfer at least £100 to this card
  • You can’t transfer a balance from another Co-operative Bank or smile credit card
  • There's a 3% balance transfer fee (minimum charge of £5)
  • Whatever credit amount you request will not affect your credit score or our decision.

  • Credit card repayment calculator

    Find out how long it could take to pay off your credit card balance, how much interest you may pay and how increasing your monthly payments would save you time and money.

    Try out our repayment calculator

Fees and charges

Service

Cost
Balance transfers 3% balance transfer fee (minimum charge of £5)
Withdrawing cash 3% of cash withdrawn at a minimum of £3 (27.9% interest per annum variable). Help me understand cash fees
Late or missed payments £10 per payment missed
Uncleared Direct Debit or cheque payment £10 each time
Ordering a copy statement £2.50 each (maximum £10 per request)
Using your card abroad 2.75% of the transaction amount (currency conversion fee) when you make a purchase in a foreign currency or make a cash withdrawal in a foreign currency outside the UK. We use Visa Scheme Exchange Rate
Withdrawing cash abroad 3% (min £3) of the transaction amount on top of the 2.75% currency conversion fee.
More about travel charges

Ready to apply?

Great - it takes about 10 minutes if you've got all your details ready.

You can save your application as you go and come back to it at any time.

  • You must:

  • be 18 or over
  • be a UK resident
  • earn a minimum of £10,000 per year
  • be employed full time, part time, self-employed, or retired
  • have held a Co-operative Bank or smile current account for at least 7 months (Cashminder accounts are not eligible).

  • You must not:

  • have had any Defaults or County Court Judgements (CCJs) in the past six years
  • have entered into any Individual Voluntary Arrangements (IVAs) or Trust Deeds in the past six years
  • have been declared bankrupt in the past six years
  • be in arrears or have missed more than two payments on a credit agreement in the past six months.

  • To complete the application you’ll need:

  • your monthly income and outgoings
  • any previous addresses from the last three years
  • the account number and sort code for your main bank account.

Things to consider:

Before you apply for a credit card, consider how much you will be able to repay every month. If you only make the minimum or low repayments on your credit card, you could fall into the cycle of persistent debt.

What is persistent debt? Learn more

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

Additional cardholders

If you wish to add an additional cardholder for this credit card, please ensure you have their consent to share their information before filling out this application form.

Additional (secondary) cardholders must be 18 or over and a UK resident.

Declaration

You should read the important documents carefully and save copies of them for future reference.

These documents set out the terms on which we will rely in providing the services to you. They also explain how your personal information will be used and your rights in relation to that use.

If you do not understand any point, you should ask us for further information before proceeding.

Apply for a balance transfer credit card

Other ways to apply

If you prefer, you can get support with your application and book an appointment to speak with someone in branch, on a video call or over the phone.

Important documents

Understanding credit cards

Learn how we calculate interest and understand what terms like ‘APR’ mean with our credit card terminology break down.

You pay interest for borrowing money on a credit card. We work out interest daily and add it to your account on the next statement date. You can see how much interest you’ve been charged by checking your monthly statements or online banking.

APR (Annual Percentage Rate) is an illustration of the cost of borrowing over a year taking into account the interest rate and any additional fees. You can use the APR to compare the cost of similar products.

When we use the terms ‘low interest’ or ‘low APR’ this is comparative to what some other banks or lending providers may offer.

The representative examples can enable you to compare the costs across different products and providers.

When a rate is advertised as variable, it means that it could go up or down.

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.

Per annum is a quicker way of saying ‘for each year’. It’s usually used to explain how interest is calculated and charged.

Need help with an existing credit card?

How we can help you:

Lost or stolen card

Report suspected fraud

Added security when making payments online

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Set up Apple Pay

Set up Google Pay

Set up Samsung Wallet

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