The Co-operative Bank Credit Card – Review & Apply online

We’ve compiled a list of The Co-operative Bank Credit Cards to help you choose the best Cooperative Bank credit card to suit your needs. We have included the key information you need to help you make an informed decision. Use the credit card comparison table below to compare and find the best Co-operative Bank credit card to suit your needs.

The Amex Airpoints Platinum Card is the FASTEST Air NZ Airpoints Dollar^TM earning Platinum credit card. Every $70 spend earns you 1 Airpoints Dollar. This card also includes complimentary Travel Insurance, VIP Lounge access and more. CURRENT OFFER: Receive 300 bonus Airpoints Dollars™ when you apply online, are approved and spend $1,500 on your new Card within the first 3 months. New Card Members only.

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Updated: 26 Jan, 2025

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The Co-operative Bank Credit Cards

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Card	Description	Purchase Rate (p.a.)	Balance Transfer	Cash Rate (p.a.)	Annual Fee	Interest Free Days
Co-operative Bank Fair Rate Credit Card Gold Award	The Fair Rate Credit Card has a very low purchase rate of 12.95% p.a. plus a balance transfer rate of 0% p.a. for 6 month. This might be a good card if you are looking for a credit card with a low interest rate and/or a card with a 0% p.a. balance transfer offer.	12.95% p.a.	0% p.a. for 6 months	12.95% p.a.	$20.00	55 days More Info » Apply Now »

^ To help you compare reward points across different credit cards and rewards programs, we provide an estimate of the cash-equivalent of the reward points that you will get back for every $100 you spend on eligible purchases with your card. The cash equivalent value given is an estimate only based on a specific redemption example. In some cases you might earn less or more depending on how you redeem your ponts and some reward points cannot be redeemed for cash directly. Click on the card to find out how the estimate was calculated.

The Amex Airpoints Platinum Card is the FASTEST Air NZ Airpoints Dollar^TM earning Platinum credit card. Every $70 spend earns you 1 Airpoints Dollar. This card also includes complimentary Travel Insurance, VIP Lounge access and more. CURRENT OFFER: Receive 300 bonus Airpoints Dollars™ when you apply online, are approved and spend $1,500 on your new Card within the first 3 months. New Card Members only.

More Info »

*Terms and conditions apply

About The Co-operative Bank Credit Cards

The Co-operative Bank is a challenger bank offering competitive products in New Zealand. The Co-operative Bank currently offers the Fair Rate Credit Card which is a low interest rate credit card with a very competitive low rate./p>

About The Co-operative Bank

The Co-operative Bank’s journey began in 1928 when it was founded as the Public Service Investment Society (PSIS). Over the years, it has transformed into a cooperative bank, focusing on the needs of its customers and communities. This shift to a cooperative model has allowed the bank to prioritise customer interests and sustainable banking practices.

Milestones and Achievements of The Co-operative Bank

Throughout its history, The Co-operative Bank has reached several significant milestones. Some of the key achievements include:

• Transitioning from PSIS to The Co-operative Bank in 2011.
• Implementing a profit-sharing model that has returned over $12 million to customers since 2013.
• Being recognised for its ethical banking practices and strong customer focus.

Customer Growth Over the Years

The Co-operative Bank has seen steady growth in its customer base. This growth is a testament to the bank’s commitment to providing valuable banking solutions and maintaining a customer-centric approach. The bank’s focus on ethical practices and community involvement has also played a crucial role in attracting and retaining customers.

Services Offered by The Co-operative Bank

Everyday Banking Solutions

The Co-operative Bank provides a variety of everyday banking solutions to meet your daily financial needs. These include transaction accounts, savings accounts, and credit cards. Whether you need a simple account for daily transactions or a savings account to grow your money, the bank has options tailored for you.

Loans and Mortgages

If you are looking to buy a home or need a personal loan, The Co-operative Bank offers competitive rates and flexible terms. Their mortgage options are designed to help you get into your new home with ease, while personal loans can be used for a variety of purposes, from home improvements to consolidating debt.

Insurance and Investment Options

To protect your assets and plan for the future, The Co-operative Bank offers a range of insurance products and investment options. You can choose from home, car, and life insurance policies, as well as investment opportunities like KiwiSaver. These services are designed to provide you with peace of mind and help you achieve your financial goals.

Customer-Centric Approach and Ethical Practices

Profit Sharing with Customers

The Co-operative Bank places a strong emphasis on understanding and meeting the needs of its customers. One of the ways it does this is through profit sharing. Instead of keeping all the profits, the bank shares a portion with its customers. This approach not only rewards customers but also builds a sense of community and trust.

Commitment to Ethical Banking

The bank is committed to ethical banking practices. It strives to make positive contributions to the community and the environment. This includes investing in sustainable projects and ensuring that its operations are environmentally friendly. Ethical banking is at the core of the bank’s values, and it continuously works to uphold these principles.

Community Involvement and Support

Strong community involvement is another key aspect of The Co-operative Bank’s approach. The bank actively supports community initiatives and invests in projects that create a positive social impact. Whether it’s sponsoring local events or funding community projects, the bank is dedicated to making a difference in the communities it serves.

Branch and ATM Network Across New Zealand

Branch Locations

The Co-operative Bank has branches in many parts of New Zealand. You can find them in major cities like Auckland, Wellington, and Christchurch. Smaller towns also have branches, making it easy for you to access banking services no matter where you are.

ATM Availability

ATMs are available at all branch locations. Additionally, The Co-operative Bank has partnered with other banks to give you access to a larger network of ATMs. This means you can withdraw cash and check your balance at many places across the country.

Online and Mobile Banking Services

For those who prefer digital banking, The Co-operative Bank offers robust online and mobile banking services. You can manage your accounts, transfer money, and pay bills all from the comfort of your home or on the go. The mobile app is user-friendly and provides a secure way to handle your banking needs.

Advantages and Disadvantages of Banking with The Co-operative Bank

Benefits for Customers

Banking with The Co-operative Bank offers several advantages. One of the most notable is the profit-sharing model, where profits are distributed back to customers. This unique approach ensures that you benefit directly from the bank’s success. Additionally, the bank is known for its strong customer service, often receiving high satisfaction ratings. The Co-operative Bank also provides competitive rates on loans and mortgages, making it an attractive option for those seeking financial products.

Potential Drawbacks

However, there are some disadvantages to consider. The Co-operative Bank has a smaller branch network compared to larger banks in New Zealand, which might limit accessibility for some customers. Furthermore, while the bank offers essential banking services, it may not provide the extensive range of specialised services that larger financial institutions do.

Customer Reviews and Feedback

Customer reviews for The Co-operative Bank are generally positive, with many praising the bank’s ethical practices and customer-centric approach. However, some customers have noted issues with the limited branch network and the range of services offered. Overall, the feedback highlights a strong commitment to customer satisfaction and ethical banking practices.

Leadership and Key People at The Co-operative Bank

The Co-operative Bank’s leadership is dedicated to steering the bank towards success while maintaining its core values. The executive team works closely with the CEO to ensure that the bank’s operations align with its mission and vision.

The Board of Directors plays a crucial role in guiding the bank’s strategic direction. The directors bring diverse expertise and insights, ensuring that the bank remains resilient and forward-thinking.

The Co-operative Bank’s vision is to be the most trusted bank in New Zealand, known for its ethical practices and community involvement. Its mission is to provide exceptional banking services that meet the needs of its customers while making a positive impact on society. The leadership team is committed to upholding these principles in every aspect of the bank’s operations.

Financial Performance and Stability

Asset Growth and Financial Health

The Co-operative Bank has shown steady growth in its assets over the years. This growth reflects the bank’s strong financial health and its ability to manage resources effectively. The bank’s focus on sustainable growth ensures that it remains a reliable institution for its customers.

Credit Ratings and Assessments

The bank has received favorable credit ratings from various financial assessment agencies. These ratings indicate the bank’s creditworthiness and its ability to meet financial obligations. High credit ratings also enhance customer confidence in the bank’s stability.

Annual Reports and Financial Statements

The Co-operative Bank publishes annual reports and financial statements that provide detailed insights into its financial performance. These documents are available to the public and offer transparency regarding the bank’s operations and financial status. The reports include information on revenue, expenses, and overall financial health, ensuring that customers and stakeholders are well-informed.

Frequently Asked Questions

What is The Co-operative Bank?

The Co-operative Bank is a bank in New Zealand that offers everyday banking, savings, loans, insurance, and services for small businesses. It started in 1928 as the Public Service Investment Society (PSIS) and became a registered bank in 2011.

How does The Co-operative Bank share profits with customers?

Unlike other banks, The Co-operative Bank is owned by its customers. It shares its profits with them, meaning that customers benefit directly from the bank’s success.

Where are The Co-operative Bank’s branches located?

The Co-operative Bank has 28 branches spread across New Zealand. They also offer online and mobile banking services for easy access.

What services does The Co-operative Bank offer?

The bank provides everyday banking solutions, loans and mortgages, insurance, and investment options. They also cater to small businesses.

Is The Co-operative Bank committed to ethical banking?

Yes, The Co-operative Bank focuses on ethical banking practices. They prioritise customer well-being and community support over making profits.

How many customers does The Co-operative Bank have?

As of the latest update, The Co-operative Bank has around 175,000 customers throughout New Zealand.

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