If you are looking for a credit card with a guaranteed low and fixed interest rate, this is the best card for you.
The Co-operative Bank 3 Year Fixed Rate Credit Card offers a 6.9 per cent interest rate for three consecutive years from the time of activating the card. It is one of the most economical cards for people who shop frequently and need a reliable card to use for payment.
Read on to find out more details about this credit card and how you might be eligible to apply for one today.
Benefits and Features of a Co-operative Bank 3 Year Fixed Rate Credit Card
The Co-operative Bank 3 Year Fixed Rate Credit Card sets the standard when it comes to a low interest rate on purchases. The fun doesn’t end there, because this card also offers a low balance transfer fee, making it incredibly easy to clear off balances from another card. In this article, we are going to closely look at the benefits and perks that come with this card.
The best asset of this card is the three-year fixed rate for purchases and balance transfers. Imagine how much you can save if you take advantage of this feature. Note that the rate only applies if you pay your balances in full and on time. To avoid getting charged with interest ultimately, it’s best to settle the bill within the interest-free period of 25 days.
Another reason to love the Co-operative Bank 3 Year Fixed Rate Credit Card is the ease of use with contact-less payment. Powered by Visa, cardholders can simply tap the card to pay for products and services. In addition, the Visa platform also makes banking rewarding because of its wealth of promotions and retail discounts. More than product discounts, Visa also offers exclusive perks like free accommodation, tours, and more.
You also have ease of access by being able to make payments with Apple Pay, Google Pay, and Samsung Pay alike, and you can enjoy the great perk of no annual fees!
Eligibility and How to Apply for a Co-operative Bank 3 Year Fixed Rate Credit Card
Applying for this credit card is made easy with the online application. Interested parties can also visit one of The Co-operative Bank’s branches all over the UK. To qualify as a cardholder, one must be at least 18 years old, a UK resident, employed, and earning at least £10,000 annually. Note that to apply for this card, you must have an existing Co-operative Bank account for at least seven months.
Note that you can’t have had any CCJs or entered into any IVAs, Trust Deeds, or bankruptcies within the last 6 years if you wish to be eligible. And, you must have a good credit reputation, including not having missed more than 2 payments on any credit agreement in the last half-year.
If you are interested in applying for a Co-operative Bank 3 Year Fixed Rate Credit Card, head to The Co-operative Bank website and click on the Apply Now button. The bank will also ask for personal and employment information, particularly addresses, contact information, and annual income.
If successful in your application, you’ll be assigned a credit limit. The limit for this card is between £500 to £1,200 or higher, depending on your financial capacity to pay back.
Co-operative Bank 3 Year Fixed Rate Credit Card Fees & Charges
- No Annual Fee
- Fixed APR on Purchases and Balance Transfers – 6.9% for the first 3 years, 18.3% after that
- Cash Advance Fee – 3% of value (minimum of £3)
- Non-Sterling Transaction Fee – 2.75%
- Non-Sterling Cash Fee – 3% of value (minimum of £3)
- Late Payment Fee – £10
The Co-operative Bank 3 Year Fixed Rate Credit Card is a valuable card. With the low and fixed interest rate for purchases and balance transfers, cardholders can save more when settling credit card balances from another card. Visit the website of The Co-operative Bank for more details.