The Co-operative Bank Balance Transfer
Representative APR
20.6% APR (variable)
Purchases
0% for up to 4 months, then 20.60% (variable) p.a.
Balance Transfers
0% for 24 months, then 20.60% (variable) p.a. (3% fee)
Account Fees
£0
Representative Example:
At an assumed credit limit of £1,200, with a purchase rate of 20.60% (variable) p.a., most accepted customers get a rate of 20.6% APR (variable).
Editor’s Note: While we always aim to give you accurate product information at the point of publication, rates, prices, terms and promotions can always be changed by the provider afterwards and without notice, so be sure to double check first.
Our Verdict
The Co-operative Bank Balance Transfer credit card offers up to two years (24 months) of 0% interest on balance transfers. This card may be a suitable option for those looking to manage existing credit card debt over an extended interest free period.
Important: The information contained in this table summarises key product features and is not intended to replace any terms and conditions from the card issuer.
Product Features & Benefits
| Issuer | The Co-operative Bank |
|---|---|
| Network | Visa |
| Primary Category | Balance Transfer |
| Loyalty Scheme | |
| Incentive on opening | Up to 24 months interest free on balance transfers |
| Cashback/Rewards (if applicable) | No cashback scheme |
| Account Fee | £0 |
| Purchases | 0% for up to 4 months, then 20.60% (variable) p.a. |
| Purchases Interest Free Period | 56 days |
| Balance Transfers | 0% for 24 months, then 20.60% (variable) p.a. (3% fee) |
| Balance Transfer Fee | 3.00% |
| Cash Advances | 27.90% (variable) p.a. (fees apply) |
| Minimum Credit Limit | £ 500.00 |
| Maximum Credit Limit | Subject To Status |
Fees & Charges
| Account Fee | £0 |
|---|---|
| Late Payment | £ 10 |
| Returned Payment | £ 10 |
| Exceed Limit | £ 10 |
| Duplicate Statement | £ 2.5 |
| Replacement Card | £ 0 |
| Trace Fee | £ 0 |
| Cash Withdrawal Fee | 3% |
| Cash Withdrawal Minimum Charge | £ 3 |
| Foreign Usage EU | 2.75% |
| Foreign Usage World | 2.75% |
Application Requirements
| Availability | Available new customers. Must not have any defaults or County Court Judgements (CCJs), entered into any Individual Voluntary Arrangements (IVAs) or Trust Deeds or declared bankruptcy in the past six years. |
|---|---|
| Minimum Income | £ 10,000 |
| Minimum Age | 18 |
| Residency | Permanent resident in the UK. |
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34.4% Representative APR (variable)
Mintify Limited, trading as Mintify, is an Introducer Appointed Representative of Creditec Limited who acts as a credit broker, not a lender.
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