smile Classic Credit Card review 2022

A cashback card for existing Smile or Co-operative Bank customers.

No annual fee and earn 0.25% cashback on your day-to-day spending with the smile Classic Credit Card.

  • Earn cashback on all your credit card spending.
  • The earn-rate isn’t stellar.
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Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).

Earn 1p

per £4 spent

19.9%

Representative APR

0%

Balance transfer fee

£0

Account fee

Details

IssuerThe Co-operative Bank
NetworkVisa
Annual/monthly fees£0
Balance transfers19.9%
Balance transfer fee0%
Purchases19.9%
Purchases interest-free periodUp to 56 days
Cash advances27.9%
Minimum credit limit£200
Maximum credit limitNot specified
Additional cards available1
Incentive
0.25% after £1 of monthly spend. Cashback paid Monthly into Card Account.
Potential costs★★★★★
Doing its job★★★★★
Extras★★★★★
Overall Finder rating★★★★★

Review by


Chris Lilly is a publisher at finder.com. He's a specialist in personal finance, from day-to-day banking to investing to borrowing, and is passionate about helping UK consumers make informed decisions about their money. In his spare time Chris likes forcing his kids to exercise more.

Expert review

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.

Pros and cons

Pros

  • Earn cashback on day-to-day spending
  • No annual fee

Cons

  • Minimum annual income requirement of £10,000
  • Applicants with low credit scores are unlikely to be eligible
  • Only available to existing customers

How does it compare?

Smile's card

1 - 1 of 1
Name Product Rewards earn rate Max. intro bonus Purchases Representative APR Link Incentive Representative example
smile Classic Credit Card
0.25% cashback
N/A
19.9%
19.9% APR (variable)
0.25% after £1 of monthly spend. Cashback paid Monthly into Card Account.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
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Compare up to 4 providers

Other popular cashback deals

Table: sorted by representative APR, promoted deals first
Name Product Rewards earn rate Max. intro bonus Purchases Representative APR Link Incentive Representative example
Santander All in One Credit Card
0.5% cashback
N/A
0% for 23 months reverting to 18.9%
24.7% APR (variable)
Check eligibility
0.5% cashback on all your eligible purchases, paid monthly into card account. Maximum spend for cashback purposes is limited to credit limit. Terms apply.
Representative example: When you spend £1,200 at a purchase rate of 18.9% (variable) p.a. with a fee of £3 per month, your representative rate is 24.7% APR (variable).
American Express® Platinum Cashback Everyday Credit Card
1% cashback
£100
26%
26% APR (variable)
Check eligibility
New cardmember offer: Get 5% cashback on your purchases (up to £100) for the first three months of Cardmembership. Terms apply. Spend £0 to £10,000 and receive 0.5% cashback on all purchases. Spend over £10,000 and receive 1% cashback on purchases.
Representative example: When you spend £1,200 at a purchase rate of 26% (variable) p.a., your representative rate is 26% APR (variable).
American Express® Platinum Cashback Credit Card
1.25% cashback
£125
26%
31.3% APR (variable)
Check eligibility
New cardmember offer: Get 5% cashback on your purchases (up to £125) for the first three months of Cardmembership. Terms apply. Spend £0 to £10,000 and receive 0.75% cashback on all purchases. Spend over £10,000 and receive 1.25% cashback on purchases.
Representative example: When you spend £1,200 at a purchase rate of 26% (variable) p.a. with a fee of £25 per annum, your representative rate is 31.3% APR (variable).
Pulse Card Mastercard (existing NewDay customers only)
1 point per £4 spent
N/A
Your interest rate will stay the same as your current NewDay card
APR (variable)
Get 0.25% cashback every time you shop, up to a maximum of £150 cashback per year
If you are a current NewDay customer and have been invited to transfer to a Pulse Card, your interest rate and credit limit will remain the same.
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Approval for any credit card will depend on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.

Repayment options

You can make manual repayments through Smile's app, by logging in to your online banking or over the phone (0345 600 6000). Alternatively, you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£10) 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

If you're an existing Smile customer and you've compared cards and settled on the smile Classic Credit Card, 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.

Frequently asked questions

What credit limit will I get with the smile Classic Credit Card?

If Smile is able to offer you this deal, the offer will specify a personalised credit limit based on Smile's assessment of your situation. The minimum limit offered on this card is £200 and Smile does not specify a maximum. Once you've had the card for a while and shown Smile that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the smile Classic Credit Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (such as withdrawing cash at an ATM, getting cashback at the till, spending at a casino or buying currency) often incur steep fees and/or higher rates of interest.

The cash advance fee on the smile Classic Credit Card is 3% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250, and you'll incur a fee of £7.50.

The interest rate on this part of your balance will be 27.9%, which is 40% more than the standard purchase rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

How much does it cost to use the smile Classic Credit Card abroad?

Non-sterling transactions are subject to a 2.75% charge. For example, if you spend 200 euros (£175.30), it'll cost you around £4.82 in fees.

What is the minimum payment on the smile Classic Credit Card?

Each month you must pay at least 2% of your balance at that point or £5.00 – whichever of the 2 figures is greater. So if you had, say, £225.00 outstanding, you'd pay £5.00, and if you had £1,000.00 outstanding, you'd pay £20.00.

Paying only the minimum required amount each month is generally not advisable as it tends to be a very expensive way to borrow money which can lead to persistent debt.

Finder credit card ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score cashback credit cards to determine their value against similar products on the market. We look at a number of important factors, like welcome bonuses, introductory and ongoing earn-rates, any limits or restrictions to earning cashback, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.

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