3-year fixed rate credit card

3-year fixed rate credit card

Manage your monthly repayments at a fixed rate of 8.9% for 3 years.

Representative example

18.2% APR representative (variable). Based on assumed credit limit of £1200 and a purchase rate of 18.2% per annum (variable). What do these terms mean?

Our credit cards are only available for customers who have had a Co-operative Bank or smile current account for at least 1 month (excluding Pathfinder, Cashminder or Student accounts)

Understanding credit cards

Learn how we calculate interest and what terms like ‘APR’ mean

APR and interest

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.

Representative examples

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

Variable and fixed rates

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.


  • 8.9% interest per annum fixed for 3 years on purchases and balance transfers.

  • After three years this becomes 18.2% interest per annum.

  • All successful applications will receive the exact rates advertised.

  • No annual fee.

  • No balance transfer fee.

  • Apple Pay, Google Pay and Samsung Pay for purchases.

What you need to know about this card

  • We charge 27.9% interest per annum on cash withdrawals.

Credit limits and balance transfer limits

  • 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 afford to pay back.
  • The balance transfer limit is 95% of your agreed credit limit and you must transfer at least £100.
  • Whatever you request will not affect your credit score or our decision.
  • We'll carry out a credit check and assessment of your personal circumstances and let you know what your credit limit would be.
  • You can’t transfer a balance from another Co-operative Bank or smile credit card.

Charges for using a 3-year fixed rate credit card

There is no annual fee for using this card. However, there are other fees, depending on how you use the card:

Withdrawing cash

3% of the cash withdrawn (minimum £3)

Ordering a copy statement

£2.50 per statement (capped at £10 per request)

Late or missed payment

£10 per payment missed

Going over your credit limit

£10 each time you go over

Uncleared Direct Debit or cheque payment

£10 each time

Travelling abroad

Currency conversion charge

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.

2.75% of the transaction

Transactions are also converted into sterling using the Visa Scheme Exchange Rate which can be found here.

Withdrawing cash abroad

3% of the cash you withdraw (minimum £3), on top of the 2.75% transaction fee above

More about travel charges

Apply for a 3-year fixed rate credit card

It takes about 10 minutes if you've got all your details ready.

You can save your application 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

  • have had a Co-operative Bank or smile current account for at least 1 month (Cashminder, Student and Pathfinder accounts are not eligible)

  • be employed full time, part time, self-employed or retired

You must not:

  • have any County Court Judgements (CCJs) or entered into any Individual Voluntary Arrangements (IVAs) or Trust Deeds in the past 6 years

  • have been declared bankrupt in the past 6 years

  • be in arrears or have missed more than 2 payments on a credit agreement in the past 6 months

What you'll need

  • Your monthly income and outgoings

  • Your previous addresses from the last 3 years

  • The account number and sort code for your main bank account

What happens if your application is declined

More about credit checks

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.

Before you apply, read all the Important Documents before applying and save copies for future reference

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.

Not found what you're looking for?

Contact our support team