The co-operative bank Membership Cashback Credit Card (2025)

We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

• hgt Posts: 341 Forumite

  

  6 March at 7:11PM

  I've had one of these for a while.... very very old school but works. The online services are poor, and you have to wait an age to get your cashback paid but it does do what it says on the tin. As far as I'm aware this is the best cashback rate for a non-Amex fee-free card.

  1

• 35har1old Posts: 1,881 Forumite

  

  6 March at 9:01PM

  hgt said:

  I've had one of these for a while.... very very old school but works. The online services are poor, and you have to wait an age to get your cashback paid but it does do what it says on the tin. As far as I'm aware this is the best cashback rate for a non-Amex fee-free card.

  Barclaycard 0,5%
  

• EarthBoy Posts: 3,198 Forumite

  

  6 March at 10:15PM

  35har1old said:

  hgt said:

  I've had one of these for a while.... very very old school but works. The online services are poor, and you have to wait an age to get your cashback paid but it does do what it says on the tin. As far as I'm aware this is the best cashback rate for a non-Amex fee-free card.

  Barclaycard 0,5%
  

  See Also

  Co-Op Bank Switcher Offer - Launched 07/06/24Co-operative Bank - not a good start.Co-operative Bank Payment not arrived nearly a day laterThe Co-op bank account opening process

  Only 0.25% according to the Barclays website.

  https://www.barclays.co.uk/credit-cards/reward-cards/barclays-rewards/

• WillPS Posts: 5,098 Forumite

  

  7 March at 10:10AM

  EarthBoy said:

  35har1old said:

  hgt said:

  I've had one of these for a while.... very very old school but works. The online services are poor, and you have to wait an age to get your cashback paid but it does do what it says on the tin. As far as I'm aware this is the best cashback rate for a non-Amex fee-free card.

  Barclaycard 0,5%
  

  Only 0.25% according to the Barclays website.

  https://www.barclays.co.uk/credit-cards/reward-cards/barclays-rewards/

  The Barclaycard Avios card pays 1 pt per £, which can convert automatically to Nectar at 1:1 (for the time being, anyway), giving an effective reward of 0.5% (when redeemed at face value at Sainsburys [inc fuel] or Argos).

  2

• WillPS Posts: 5,098 Forumite

  

  7 March at 10:21AM

  steven141 said:

  I never see it mentioned but if someone has a co-op membership they are eligible to join the cashback credit card with no fees. I thought that this may come in handy alongside the existing Santander Edge Credit Card and Barclaycard Reward Card in getting cashback for those that will lose the Chase 1% cashback on purchases from 7th April. Details below

  Co-operative Members credit card

  A credit card exclusively for Co-operative Members.

  • 0.5% cashback when you spend in Co-op food stores.
  • 0.3% cashback when you spend anywhere else the Visa symbol is displayed.
  • No annual fee and no balance transfer fee.

  If you haven’t already, you canbecome a Co-operative Memberfor just £1. Please note, The Co-operative Membership is managed by The Co-op Group, not The Co-operative Bank.

  Representative example

  18.2% APR representative (variable). Based on assumed credit limit of £1,200 and a purchase rate of 18.2% per annum (variable).

  https://www.co-operativebank.co.uk/products/credit-cards/

  It gets mentioned now and then. At one point it was the only open-to-applications Visa card which offered cashback (along with a less strong Smile branded version which is now NLA). Since then Barclaycard and Asda have added their own options back in.

  It's not a particularly strong card. The 'everywhere else' rate is the strongest of the Visa branded options, but is not table leading when you compare with Mastercards - particularly the Avios Barclaycard and Santander Edge options. The 'Co-op food store' spend rate is pretty puny - and can be beaten by using an Amex or a Natwest/RBS reward CC at the Co-op.

  The whole waiting for a statement/vouchers, taking them to a Co-op etc business makes this a 'with strings' option IMHO too; as opposed to the uncomplicated true cashback offers from Barclaycard and Amex.

  1

• ChirpyChicken Posts: 1,338 Forumite

  

  7 March at 12:51PM

  EarthBoy said:

  35har1old said:

  hgt said:

  I've had one of these for a while.... very very old school but works. The online services are poor, and you have to wait an age to get your cashback paid but it does do what it says on the tin. As far as I'm aware this is the best cashback rate for a non-Amex fee-free card.

  Barclaycard 0,5%
  

  Only 0.25% according to the Barclays website.

  https://www.barclays.co.uk/credit-cards/reward-cards/barclays-rewards/

  See Also

  Co-operative bank has blocked my account

  Ours from the old egg days is 0.5%

  2

• Olenna Posts: 207 Forumite

  

  7 March at 1:03PM

  WillPS said:

  EarthBoy said:

  35har1old said:

  hgt said:

  I've had one of these for a while.... very very old school but works. The online services are poor, and you have to wait an age to get your cashback paid but it does do what it says on the tin. As far as I'm aware this is the best cashback rate for a non-Amex fee-free card.

  Barclaycard 0,5%
  

  Only 0.25% according to the Barclays website.

  https://www.barclays.co.uk/credit-cards/reward-cards/barclays-rewards/

  The Barclaycard Avios card pays 1 pt per £, which can convert automatically to Nectar at 1:1 (for the time being, anyway), giving an effective reward of 0.5% (when redeemed at face value at Sainsburys [inc fuel] or Argos).

  Avios points buying Nectar points swapping for Sainsburys / Argos store credit -not cashback.

  Requiring the Avios > Nectar > Shopping link stays in forceand hoping the conversion rate doesn't get devalued again and again by Avios, Nectar or Sainsburys / Argos.

  On the plus side, you get cheap drinks at Caffè Nero with Nectar or flights from London with BA.

• lon_don Posts: 123 Forumite

  

  7 March at 3:06PM

  ChirpyChicken said:

  EarthBoy said:

  35har1old said:

  hgt said:

  I've had one of these for a while.... very very old school but works. The online services are poor, and you have to wait an age to get your cashback paid but it does do what it says on the tin. As far as I'm aware this is the best cashback rate for a non-Amex fee-free card.

  Barclaycard 0,5%
  

  Only 0.25% according to the Barclays website.

  https://www.barclays.co.uk/credit-cards/reward-cards/barclays-rewards/

  Ours from the old egg days is 0.5%

  And the [now NLA Barclaycard Cashback from the] old Morgan Stanley/Goldfish days also ! I still have both (Egg and MS/Goldfish) actually.

  1

• WillPS Posts: 5,098 Forumite

  

  8 March at 11:04AM edited 8 March at 11:10AM

  Olenna said:

  WillPS said:

  EarthBoy said:

  35har1old said:

  hgt said:

  I've had one of these for a while.... very very old school but works. The online services are poor, and you have to wait an age to get your cashback paid but it does do what it says on the tin. As far as I'm aware this is the best cashback rate for a non-Amex fee-free card.

  Barclaycard 0,5%
  

  Only 0.25% according to the Barclays website.

  https://www.barclays.co.uk/credit-cards/reward-cards/barclays-rewards/

  The Barclaycard Avios card pays 1 pt per £, which can convert automatically to Nectar at 1:1 (for the time being, anyway), giving an effective reward of 0.5% (when redeemed at face value at Sainsburys [inc fuel] or Argos).

  Avios points buying Nectar points swapping for Sainsburys / Argos store credit -not cashback.

  Requiring the Avios > Nectar > Shopping link stays in forceand hoping the conversion rate doesn't get devalued again and again by Avios, Nectar or Sainsburys / Argos.

  On the plus side, you get cheap drinks at Caffè Nero with Nectar or flights from London with BA.

  The words you quoted were "effective reward", not cashback.

  This card yields vouchers which have to be redeemed at the Co-op, so arguably also not cashback (at least in the true sense). It also relies on a partnership enduring between two companies which have no shared ownership between them.

• Kat78MFW Posts: 292 Forumite

  

  8 March at 1:58PM

  I get my co-op credit card cashback paid directly into my co-op bank current account. I think it goes in once per quarter. I'll be switching all my non-grocery/fuel spending back to this card now that Chase has changed its scheme. Shame though as I was finding money management better with debit card instead of credit card.

  MFW since March 2019Mortgage-free 30th June 2023
  My Budget and Savings Diary https://forums.moneysavingexpert.com/discussion/6543308/making-a-budget-and-sticking-to-it#latest