Smile Gold Credit Card review 2020

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An everyday credit card for existing Smile or Co-operative Bank customers.

Finder rating: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 15.8% (variable) p.a., your representative rate is 15.8% APR (variable).

15.8%

Representative APR

0%

Balance transfer fee

£0

Account fee

Up to 56 days

Interest-free each billing period

Details

IssuerThe Co-operative Bank
NetworkVisa
Annual/monthly fees£0
Balance transfers15.8%
Balance transfer fee0%
Purchases15.8%
Purchases interest-free periodUp to 56 days
Cash advances27.9%
Min credit limit£300
Max credit limitNot specified
Additional cards available1

Expert review

Chris Lilly

Review by


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.

Expert review

There isn’t a lot to say about this no-frills credit card. If you already have a Co-operative Bank or a smile current account and you don’t want to waste your time looking for alternative deals, you could consider it.

There’s no monthly or annual fee to worry about. The rate is neither the best nor the worst you can find, so ideally you want to clear your balance in full and on time each billing cycle.

If you do, you will be able to take advantage of up to 56 days of 0% interest on your purchases.

Approval for this card will, as usual, depend on your credit score; but smile says that if you are approved, you will get exactly the rate advertised, which is a refreshing approach compared to other providers.

Realistically, if you have a specific purpose in mind, such as spreading the cost of an upcoming expenditure, or minimising the amount of interest you’re paying on existing card debt, there’s likely to be cheaper options out there.

There are also no extra rewards or perks to make this card look a little bit less dull. But, hey, it does the job, and if you’re after a very simple but effective card, it could be worth a closer look.

Pros and cons

Pros

  • 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 this card compare with other similar cards on the market?

Table: sorted by representative APR, promoted deals first
Data indicated here is updated daily
Name Product Purchases Balance transfers Annual/monthly fees Rep. APR Incentive Link
M&S Bank Shopping Plus Mastercard
0% for 20 months reverting to 19.9%
0% for 20 months
(2.9% fee)
£0
19.9% (variable)
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
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).
Check eligibility
More Info
Sainsbury's Bank Dual Offer Credit Card Mastercard
0% for 20 months reverting to 21.95%
0% for 20 months
(3% fee)
£0
21.9% (variable)
Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 3 Nectar points per £1 spent in Sainsbury's and Argos. Earn 1 Nectar point for every £5 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 21.95% (variable) p.a., your representative rate is 21.9% APR (variable).
More Info
Halifax 0% Purchase and Balance Transfer Mastercard
0% for 17 months reverting to 19.95%
0% for 17 months
(2.99% fee)
£0
19.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable).
More Info
Sainsbury's Bank Balance Transfer Credit Card Mastercard
0% for 3 months reverting to 21.95%
0% for 27 months
(3% fee)
£0
21.9% (variable)
Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 3 Nectar points per £1 spent in Sainsbury's and Argos. Earn 1 Nectar point for every £5 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 21.95% (variable) p.a., your representative rate is 21.9% APR (variable).
More Info
Sainsbury's Bank No Balance Transfer Fee Credit Card Mastercard
0% for 3 months reverting to 20.95%
0% for 18 months
(0% fee)
£0
20.9% (variable)
Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 3 Nectar points per £1 spent in Sainsbury's and Argos. Earn 1 Nectar point for every £5 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 20.95% (variable) p.a., your representative rate is 20.9% APR (variable).
More Info
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Compare up to 4 providers

Repayment options

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 Gold Credit Card

If you have 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 will need to make the process as straightforward as possible.

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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