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CO OP Think Credit card - Benefits & Rewards

The new think credit card from The Co-operative Bank offers a range of financial and ethical benefits that make a tiny difference to the world every time you use it. It's the perfect credit card for people who think about the bigger picture – but also want a good deal from their credit card.

Card Name
Think credit card
Card Type
Visa Card
Card Issuer
Co-Op Bank
Exclusive Features
Rewards you for making greener and more ethical choices in your day-to-day life.

Eligibility

Minimum Age21 years or over
Minimum Income Have a regular income of more than £15,000 pa
Status
You must have a residential UK address for 3 months or more and have a legal right to reside within the UK - Proof of ID required - Credit check done -

Type of card - Visa Credit Card

The Think card is a Visa card - Visa cards can be used in 160 countries, and are accepted by over 24 million merchant outlets worldwide.

Think Credit Card Fees

Card Application Fee FREE Card
Card annual fee FREE
Card Limit Minimum credit limit of £500, maximum credit limit subject to status
Interest Free Period 59 days
Minimum payment 2% of outstanding balance or £5 (whichever is greater)

Late Payment charges

Late payment (payment received after the due date) £12
• Exceeding credit limit £12
• Uncleared payment direct debit £12



Introductory offers - APR
Intro Rate
Intro Period
Annual Rate
Purchases
n/a:
n/a
12.90%
Balance Transfer
0%
6 months
7%
Cash
n/a
n / a
18%
Balance Transfer details
Fee percentage None
Minimum fee None
maximum fee None

Rewards - Features and Benefits

Cash Back credit card cross
Earn discount when shopping with
ethical partners
credit card benefit
Free payment protection credit card cross
Free purchase protection credit card cross
Free price protection credit card cross
Free warranty cover credit card cross
Travel insurance protection available credit card benefit
Earn Airmiles credit card cross
Contributions to Cool Earth credit card cross
Online Access credit card benefit


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Charges -

Charges • Cash withdrawals (inc. travellers cheques, foreign currency and
2.5% of value, min. of £3
• gambling transactions)
• Overseas transactions 2.75% of transactions
• Duplicate statement £5
• Copy sales purchase voucher £5
Allocation of payments

If you only make a part payment to your accountwe apply that payment in the following order; interest,charges,cash
payment advances,standard rate purchases (this includes any payment protection insurance) and promotional rates (including
purchases from our ethical partners and balance transfers). If you have more than one transaction in any ,category your
payment will reduce the balance in order from the oldest to the most recent.

Additional Benefits -

  • Half an acre of Brazilian rainforest purchased and protected in your name when you transact on your credit card for the first time, plus a contribution of 25p will be made to Cool Earth for every £100 spent on the card
  • a special rate of 7% pa on products bought from our ethical partners , for 6 months after each purchase ** – usually 12.9% APR typical/variable
  • 7% pa on balance transfers † for 6 months from the date of each balance transfer

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Issued By:

The Co-operative Bank p.l.c., (990937) P.O. Box 101, 1 Balloon Street, Manchester, M60 4EP. The Co-operative Bank is a UK Bank and its products are only available to UK, Channel Islands & Isle of Man residents and British expatriates overseas (subject to any restrictions laid down by English law).

Disclaimer All prepaid credit card and credit cards APRs, features, charges, benefits and other information listed by Compare Prepaid represent the most recent information available at the time of writing. Every effort is made to keep the site accurate, however we cannot guarantee that a prepaid credit card issuer or credit card issuer has not increased or decreased one or more of the APRs or fees/charges associated with a particular card or changed its features, obligations or benefits. Please be sure to read the prepaid credit card or credit Card agreement fully and carefully before making any agreement.



COMPARE PREPAID CARDS

A credit card can be defined as a plastic card that allows customers to purchase any product or get a service without the payment of cash thereby enabling them to pay at a later date. To get the services of this card, the customer has to get his bank or company account that would sponsor his card. The credit card cannot be used to make purchases from business houses until the customers receive their limit in the card.

The sponsor would receive a bill every time, which would tally the activity of the card in the previous 30 days. The different card terms and conditions needs to be understood for the customer to fully access the credit card. Credit cards have been developed only in the recent years. The bank of America began to provide license to banks to provide with special bank Americard only in the year 1960.

Benefits, Uses And Security Features Of A Credit Card

By issuing credit cards, different banking organizations and companies have made a lot of profit. They churn huge amount of money from the interest that is charged on the unpaid cards, as well as by charging of annual fee for the use of the card by the customer. The sponsors even profit by charging service fees for late payments. Different credit cards have been designed with certain features so as to avoid any fraud usage of the credit card.

The security features of the credit card are the card's account number, its signature panel, and the magnetic stripe. The card's unique account number is of foremost importance as it deals with the main transaction work and therefore must be necessarily protected.

In order that people do not use a wrong account number, companies rely on different laws of statistics to help in protection. The second security feature involves the signature panel on the back side of the card. The signature panel is so designed so as to prevent criminals from erasing the black panel of the credit card and putting their own signature instead. The third security feature of the credit card is the magnetic stripe on the back of the card.

Lastly, there are certain other security features that make the cards impossible to be duplicated. This is made possible by holograms.

Manufacturing Of Credit Cards

Credit cards are manufactured by layering plastic laminations together. The manufacturing process of a credit card involves a variety of stages. The different stages in the manufacture include compounding and molding, printing, lamination, die cutting and embossing.

Increasing demand for use of credit cards

Due to the varied user-friendly applications of the card, today the use of credit card has grown highly in demand in the recent years. In an age of globalization, credit cards have helped in the easy facilitation of money transactions. The credit card is therefore one of the most useful innovations of science and technology.



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