Co-operative Bank Fair Rate Credit Card

Main Features

• Purchase Rate: 12.95% p.a.
• Cash Advance Rate: 12.95% p.a.
• Balance Transfer: 0% p.a. for 6 months
• Annual Fee: $20 charged as $10 every six months
• Interest Free Days: 55 days
• Minimum Repayment: The monthly minimum payment is the greater of 3% of the closing balance shown on your statement or $10.
• Card Reward Details: N/A
• Credit Limit: Minimum of $1,000
• Other Fees: Late payment fee of $10 per late payment, Additional card holder fee of $30 per year charged as $15 every six months, Overseas Cash advance fee (ATM or branch) of $6.50 per transaction (there is no Cash advance fee at NZ ATMs, branches, and using online or mobile banking), Foreign currency conversion fee of 2.10% of the New Zealand dollar converted value of the foreign currency transaction, Card replacement fee of $10 (plus courier costs, where applicable), Disputed transaction handling fee of $15. See the Co-operative Bank website for full list of fees that apply.

IMPORTANT NOTE: please review the card details on the provider's website again before applying.

Eligibility:

Your eligibility for this card would depend on a few criteria listed below. When you apply for a Co-operative Bank credit card, Co-operative Bank would ask you a few questions about the following criterias to determine your eligibility.

• Income
• Expenses
• Debts
• Assets
• Savings
• Investments

Documents:

In general the following documents are usually required for credit card applications.

Proof of Income

One of the following:

• your most recent payslip or salary notice
• copies of bank statements that show your pay or salary deposits
• a letter from your employer confirming your income
• an Inland Revenue Department (IRD) “summary of earnings” notice.

If you’re self-employed, you must supply:

• signed financial statements for the past two years
• a signed personal Statement of Financial Position
• your personal tax return.

Proof of Identity:

A copy of one or two items from List 1. If you provide only one item from List 1, you must also provide one item from List 2.

List 1:

• Current passport
• New Zealand drivers licence
• 18+ card
• Photo Credit Card

List 2:

• Most recent bank statement
• Debit card
• Credit card
• Community services card
• Club or society card.

Are you interested in a low rate credit card? Compare ALL low interest credit cards on our low rate credit cards page.

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