Cardholders who are interested in consolidating their existing credit card balances in one place can do so with Cooperative Bank’s Balance Transfer Credit Card. Presenting 0% interest on balance transfers for 24 months, this said credit card facilitates easier balance transfers for individuals with multiple credit card balances. 95% of customers’ credit limit can be transferred to their Cooperative Bank credit card.

Under this offering, balances are advised to be transferred within 60 days of opening the account. After this period, Cooperative Bank will charge users a 1% balance transfer fee. Likewise, customers are advised to note that after the 24-month introductory period, the balance transfer fee will increase to 20.6% per year. The same rules apply towards purchases, garnering a 0% interest per annum for 4 months before increasing to 20.6%.

Cooperative Bank makes this option appealing and accessible to cardholders who are in need of transferring their balances. Through this initiative, customers won’t lose their introductory offer despite making mistakes regarding their account and in terms of late payments. Instead of retracting user benefits, the bank simply charges the cardholder.

Interested parties can apply for the Cooperative Bank Balance Transfer Credit Card online. To be eligible for this credit card, applicants must be over the age of 18 to apply and must be a resident of UK. Customers must also earn a gross annual income of £10,000 to qualify. The bank requires the applicant to be an existing customer and have good credit standing.


Cooperative Bank provides a minimum credit limit of £500 for the Balance Transfer Credit Card.

Users are asked to consider that while there are no annual fees, the credit card holds a 20.6% interest per annum after the 0% introductory interest rate for 24 months. Late payment fees and over-limit fees will incur a charge of £10 each as well.

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A Filipino-Chinese, Maricar Sze is highly educated and well travelled. With a Bachelor of Science in Computer Studies majoring in Information Technology. She is a business owner providing services to small to medium businesses in Australia. In earlier years, Maricar worked for American companies Verizon and MCI in Technical Support activities. Over some 8+ years in the SEO industry, Maricar is also a Google Certified Ads Specialist. With skills and expertise, she is responsible for shaping and implementing website optimisation, content marketing, PPC and quality measures for digital campaigns. Other interests include travelling, watching Netflix, and frequently volunteers at children hospitals or shelters.