The co-operative bank Membership Cashback Credit Card

steven141

The annoying thing about this card is that you can't see anything you've spent until it clears in your transactions. They don't seem to offer pending transactions at all.

The_Groat_Counter

I appreciate this is an older thread, but I'll revive it rather than than starting a new one.

I'm interested in applying for the Co-operative Members credit card, and I think I'll do so this autumn. I don't think I should apply right at this moment as I've had a few hard credit checks lately, so perhaps best to leave a little space before the next one.

However I'd like to apply before the new year as I just vaguely wonder whether this card will continue to be around for new applicants - to be absolutely clear, that's based on nothing apart from uninformed speculation on my part!

One of the first questions on the application is to request what credit limit you'd like. As stated above, I've had a few hard checks of late plus I'm doing some mild stoozing so I'm not sure my credit file looks its strongest at the moment… the blurb says the limit requested must be between £500 and £15000.

I'm just wondering if I request £3000 or even just £1000 so as to 'get my foot in the door' and get the card, and deal with credit limit increases later as and when. (I've actually got a legacy Aqua Reward card with 0.5% cashback, so this is more about securing a 'back up' should that come to an end.)

I note (in a three year old thread) forumite @Volcane's experience here in applying for this card, which makes me think it might be better to 'play it safe' and just request a low initial limit.

Nasqueron

Request whatever you like, they'll give you the limit their system says is suitable, you won't get more than the system says and asking for a lower sum isn't likely to materially affect your chance of acceptance

Credit checks look at all sorts like existing debt, salary, available credit, credit history etc so just ask for what you would need if say the Aqua got cancelled

The_Groat_Counter

https://forums.moneysavingexpert.com/discussion/comment/82132906#Comment_82132906

Thanks. I guess the one thing is they won't give you a bigger limit than that which you request!

Hope the legacy Aqua card I hold doesn't get withdrawn or else lose its 'rewards', but that's always possible - but then the same would apply to the Co-op Members credit card, which could also end up having its benefits revised or withdrawn even for existing card holders. Nowt is guaranteed! (well, apart from expiration and taxation…)

Nasqueron

https://forums.moneysavingexpert.com/discussion/comment/82133275#Comment_82133275

I've had cards with a bigger limit than I asked for, it's just an arbitrary thing