The Co-operative Bank launches Credit Card Plus Pick and Mix benefits package worth up to £500

The Co-operative Bank launches Credit Card Plus Pick and Mix benefits package worth up to £500

The Co-operative Bank is launching a new family travel and lifestyle benefit package which can be added to any Co-operative Bank Credit Card product offering customers an opportunity to choose benefits to suit their personal needs.

The new benefits are available for a monthly subscription of £8.50 and could save customers a massive £500* and will be available from Thursday 23 April.

Core Benefit
Worldwide travel insurance A
Mobile phone insurance B
Worldwide insurance for a digital camera, camcorder and three ipods C
20% off home insurance provided by The Co-operative Insurance D
40% off a family holiday E
20% off a family ticket to the London Aquarium F

In addition, they allow customers to add one of the following three optional bundles to their package:

Option 1: Gadget
Insurance cover for MP3, cameras, laptops, camcorders, SatNav and portable DVD players and games consoles etc. worth up to £179.98.
Option 2: Safeguard
Cover against ID theft and resolution package, including key recovery service and handbag & contents insurance.
Option 3: Traveller
Four free airport lounge passes per year, Airport Angel annual membership and a passport and luggage recovery service worth up to £129.50.

David Fawell, Head of Unsecured Lending at The Co-operative Bank, comments: “There is no reason why packaged accounts should be one-size-fits-all for customers. Our new offering allows consumers to tailor benefits to their lifestyle.

“Having the flexibility to choose an additional bolt-on benefits package relevant to their lifestyle will ensure customers can make the most of this innovative pick ‘n’ mix approach.”

The Co-operative Bank remains the only high street bank with a clear Ethical Policy that gives customers a say in how their money is used. It remains committed to its UK based call centres and offers 24 hour banking via online and telephone banking.

Anyone interested in opening a Credit Card Plus account should visit a Co-operative Bank branch, call 0800 247 365 or go online to: www.co-operativebank.co.uk

-Ends-
For further information contact:
Alejandra Solis
The Co-operative Financial Services Press Office
Tel: 0161 903 3808
E-mail : alejandra.solis@cfs.coop
Notes to editors:
ISDN facilities are available for broadcast media interviews.
For media purposes only
*The savings where calculated as follows:
A Based on a comparative family worldwide policy premium from a leading competitor, including America with winter sports, £142.50.
B Based on comparisons with Vodafone whose products do not include airtime abuse. Cost comparison is £6.96 per month, per handset assuming 2 handsets are registered.
C Based upon comparison with Supercover Insurance which costs £14.99 per month for 5 gadgets.
D Saving based on a current average premium for home of £205.07, 20% off is a saving of £41.00. Based on buildings and contents insurance.
E 40% off a £2000 family holiday booked through Thomson.
F Based on purchasing a family ticket for 2 adults and 2 children on the day from the ticket office. Cost comparison is £44.00.

Note: All bundles are managed by LSG, customers can register online or by phone.

The Co-operative Financial Services is part of The Co-operative Group, which is the world’s largest consumer co-operative with over 3 million members. CFS currently has 5.5m customers and employs over 8,000 staff. It has 116 retail and corporate branches/centres and over 1,000 face to face financial advisers. It has £38bn of assets under management across its retail and corporate business areas.

Comments are closed.