The Co-operative Bank Fair Rate Credit Card
The Co-operative Bank started as a money lender to public servants in 1928 with the name ‘Public Service Investment Society’. In 2011, they registered as a bank, and ever since then they’ve been helping Kiwis achieve financial goals and local business flourish.
They offer simple and practical financial products and services that allow Kiwis to focus on saving and everyday banking. The Co-operative Bank Fair Rate Credit Card offers a fair interest rate and a convenient way to spend money in stores and online.
If you’re thinking of applying for a Co-operative Bank Visa Credit Card, you’ll need to make sure that it’s the right deal for you. There are many credit card offers today that promise the lowest interest rates and the fairest terms. To make a selection suited to your preferences, use our comparison tool and see how The Co-operative Bank Credit Card fares against other credit card offers.
Why sign-up for a Co-operative Bank Visa Credit Card?
It’s easy to apply online for a Co-operative Bank Visa Credit Card, taking only a few steps and only 5 to 10 minutes to complete. You’ll only need to provide some basic information, such as your income, assets that you own, debts, and expenses. It’s easier if you’re an existing customer as you simply need to log in to your account and complete your credit card application from there. If you’re a new customer, you can sign up for a Co-operative Bank Visa Credit Card through us and get access to exclusive deals!
Fair Rate Credit Card
The Co-operative Bank Fair Rate Credit Card has an interest rate of only 12.95% p.a. on purchases and cash advances. For 12 months, balances transferred from another credit card or store card will incur no interests as well. When you pay your entire balance by the due date each month, they’ll also reward you with 55 days interest-free purchases. Your security is guaranteed with 24/7 transaction and fraud detection, so if your credit card gets stolen you can easily block transactions using internet banking or the mobile app.
Fair Rate Credit Card NZ details - Rewards, Rates, Annual Fees
Fees and charges
The Co-operative Bank Visa Credit Card has one of the lowest interest rates in NZ, along with a low purchase rate and long interest-free periods, making it one of the most Kiwi-driven credit card offers. It helps you to save money in the long run by letting you pay first for the highest-interest debt by default, to avoid getting stuck with it in the future. Although the interest rate is 12.95% p.a., it’s also a floating rate, which means it may also change. An account fee of $10 every six months, a cash advance rate of 12.95% p.a., a purchase rate of 12.95% p.a., and an annual fee of $20, among other credit card fees, also apply.
Applying for the Fair Rate Credit Card
To ensure that you’ll be able to pay off your credit card bill, The Co-operative Bank will look into your credit history, income, investments, and other financial information. To apply, you’ll need to be a NZ permanent resident who’s at least 18 years of age, provide proof of your income (such as a recent payslip or a bank statement showing your salary deposit), and proof of identity (such as a NZ drivers licence or NZ passport).
FAQs about The Co-operative Bank Fair Rate Credit Card
You can pay off your credit card bill through direct debit, phone, your local branch, or online. If it works for you, you can also set-up an automatic payment so that you don’t have to worry about arranging your monthly payments.
You can use internet banking or the mobile app to make automatic payments:
- Log in to your account
- Select ‘Pay and Transfer’
- Add the account details
- Select the Date/AP frequency box
- Tick the box and customise the payment frequency
You can also set-up automatic payments by calling them or visiting a local branch.
You can find your Interbank number through internet banking or on your monthly statements. It’s the 15-digit bank account number that starts with 02-124.
For a copy of your statements, you’ll be charged $1.50 each. If you’d like a free copy, you can sign up for internet banking or download the mobile app and view statements online for free.
