The Co-operative Bank Members’ Credit Card review September 2019
An exclusive cashback credit card for Co-op members, with a higher earn-rate when used in-store
Balance transfer fee
Up to 56 days
Interest-free each billing period
|Issuer||The Co-operative Bank|
|Balance transfer fee||0%|
|Purchases interest-free period||Up to 56 days|
|Min. credit limit||£500|
|Max credit limit||Not specified|
|Additional cards available||1|
|Incentive||1p earned for every £2 spent in The Co-operative Food and Department stores (excluding in-store concessions) and 1p earned for every £3.33 spent anywhere else. Cashback will be added to your share of the Group profits and this will be paid to you twice a year.|
This card gives you cashback wherever you spend, but you’ll enjoy a preferential rate when you use it at Co-op stores. As such, if you’re a frequent Co-op shopper, you’ll stand to benefit the most from the card, and 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.
To apply, you’ll need to have held a Co-operative Bank or Smile current account for at least seven months. If that rules you out, don’t panic – we have a selection of other cashback cards you can check out.
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 Co-operative Bank Members’ Credit Card
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.