For many individuals, being able to get a fixed-rate credit card can be a great achievement. Depending on what rate they get, they can save money with a fixed interest rate.
This is why many people look for a credit card that offers fixed rates. With the right card, you can minimize the cost of using and maintaining a credit card. So, make it a point to look into various options to help you get what you want and need.
When looking for the right credit card, you might want to check out the Co-operative Bank 3 Year Fixed Rate Visa Card. Here’s what you need to know.
Co-operative Bank 3 Year Fixed Rate Visa Card Features & Benefits
Choosing this card means that you will be able to enjoy a fixed rate for three years from the account opening. This means that you will have the same rate every month for the next three years.
The best thing about this card is its transparency. You will be receiving the exact rates advertised by the bank for three years. After that, Co-operative Bank will issue you a new rate.
This 3 Year Fixed Rate Visa Card lets you manage your account using the bank's mobile application. It also integrates various payment methods such as Apple Pay, Google Pay, and Samsung Pay.
Application Process & Requirements
You must be a UK resident who is 18 years old or above to apply. Moreover, you should have a minimum gross annual income (GAI) of £10,000.
You should also be without any recent County Court Judgements, Individual Voluntary Arrangements, Trust Deeds, bankruptcy, or negative records.
Keep in mind that you must be a full or part-time employee, self-employed, or retired. You should also be an existing customer with Co-operative Bank or have a current Smile account for at least one month.
Cashminder, Student and Pathfinder accounts do not qualify.
For good measure, make sure to have copies of your proof of identity, residence, and income. You might want to consider getting a bank statement, recent payslips and utility bills. T
ax return documents and financial statements could also be useful especially if you are self-employed. Head on to their website to check eligibility.
Rates & Charges
- Annual Fee – none
- Interest Rate – 6.9% per annum for the first three years, 18.3% per annum after three years
- Cash Advance – 27.9% per annum
- Late Payment - £10
Contact Co-operative Bank
To know more about this offer, you can contact the bank via phone at +44(0)345 600 6000, live chat using their mobile app, or visit a branch. You can also send them a line through Facebook and Twitter. For feedback, use their feedback form.
You can also find their main office at 1 Balloon Street, Manchester, M60 4EP. 08457 212 212.
Conclusion
Having a reliable fixed-rate credit card is a great thing for many people. With the Co-operative Bank 3 Year Fixed Rate Visa Card, you can rest assured that you can enjoy your fixed rate for years.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.