Smile Classic Credit Card review November 2019
A cashback card for existing Smile or Co-operative Bank customers.
Finder rating: ★★★★★
Doing its job: 3/5
In a nutshell:
Balance transfer fee
Up to £100
|Issuer||The Co-operative Bank|
|Rep. APR||19.9% p.a. (variable)|
|Cashback details||0.25% after £1 of monthly spend. Cashback paid Monthly into Card Account.|
|Additional Rewards Info||Co-operative members can earn 100 membership points a year.|
|Purchases interest-free period (days)||56|
Chris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
The Smile Classic Credit Card offers cashback on all spending with no annual fee. It’s not the biggest cashback percentage in the market, but if you use the card regularly, you’ll still make enough to treat yourself to dinner once a year or so. The cashback will be credited directly into your credit card account, so the whole process is totally hassle-free.
When it comes to financial features, this is a fairly standard credit card that can add some extra flexibility to your monthly budget. Provided you clear your balance in full each month you’ll be able to take advantage of up to 56 days of 0% interest on your purchases.
The interest rate is fairly average, but the good news is, if you qualify for the card, it’s exactly the one you’ll get. Unlike most credit card providers, that are only required to grant the advertised rate to 51% of their customers, smile guarantees it to all applicants that are approved.
Finally, if you’re a bit of a globetrotter, keep in mind that this is not the right card for your travels, because it will charge a 2.75% fee on all non-sterling transactions.
How does this card compare with other cashback cards?
When it comes to repayments, you can make manual repayments online or over the phone (0345 600 6000), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.
Choose from the following direct debit options for your monthly repayments:
|Minimum amount||Fixed amount||Fixed percentage||Full amount|
How to apply for the smile Classic Credit Card Visa
If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.