A credit card with conveniently flexible repayments

Be sure to review the credit card terms and conditions and the price list.

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Make repayments according to your needs. You can always quickly and conveniently change your choice in the Internet Bank.

1. Repay the total credit limit drawn down in the previous month
You are using the credit card without interest, as the entire credit limit drawn down in the previous month will automatically be debited from the current account tied to your card on the 10th day of each month.

2. Make repayments yourself
Choose when to pay back the credit limit you have drawn down and in what amount. You can choose the frequency and the amount of repayments. Only the interest accumulated for the credit limit you have drawn down will be debited from the current account tied to your card on the 10th day of each month. You can choose the repayment date of the used limit yourself. No interest is charged if the repayment is made before the 10th day of the month. The total credit limit drawn down must be repaid when the contract expires.

3. Repay a fixed amount every month
You can determine a specific amount to be debited from your current account linked to your account on the 10th day of each month. The monthly payment will not be charged automatically if you have not drawn down the credit limit or have already paid it back yourself. The repayment does not include interest. The interest accumulated for the credit limit you have drawn down will be debited from your current account on the 10th day of each month.

The initial annual percentage rate is 22.21% under the following example conditions: credit limit of €1,000, fixed interest 18% per year, monthly fee for the card €1 per month, total amount of credit €1,119.76 and amount of repayments €1,107.76.

The rate is calculated on the assumption that the entire credit limit is drawn down at the earliest opportunity and in full, that the used credit limit is repaid in equal monthly instalments over 12 consecutive months and that interest and the monthly fee for the card are paid together with the instalments of the credit limit.

What is purchase insurance?
Purchase insurance is 180-day insurance cover automatically applied to your larger purchases for which you have paid by a Coop Pank debit or credit card.

Which purchases are covered by purchase insurance?
Purchase insurance applies to every purchase of durable goods* made from a shop or online store that costs €100-2,500. The deductible per each insured event is €30.

* Durable goods are products designed for long-term use by the manufacturer: mobile phones, tablets and laptops, clothes, footwear, electric scooters, precious stones and metals, fur products, paintings, sculptures, etc. For example, used goods, food, motor vehicles, plants and animals are not durable goods. Please note that the maximum indemnity limit for certain goods (e.g. technical equipment) is €500. Read more about the terms and conditions of purchase insurance here.

Does purchase insurance also apply to goods purchased abroad or ordered from an online store?
Yes, just pay the purchase using your Coop Pank debit or credit card and your purchase will automatically be covered for 180 days.

What should I do in the case of an insured event?
As the purchase insurance partner of Coop Pank is IF P&C Insurance AS, please report the insured event* here so we can handle your claim faster. Just write the keyword “Coop” in the policy field.

* Insured event means the sudden and unforeseeable destruction, damage or theft of the insured product. Losing or forgetting a products is not deemed an insured event.

Do I have to keep the purchase receipt to receive compensation in the case of an insured event?
No, a statement from the Internet bank is enough to prove the purchase related to the insured event.

Read the terms and conditions of purchase insurance here.
 

• Private individual of at least 20 years of age.
• Minimum monthly net income of 500 euros.
• Estonian citizen or resident of Estonia whose residence permit is valid at least until the expiry date of the card.
• Good payment history: no debts arrears and no ongoing credit issues.
• As a result of assessing the creditworthiness of the applicant, the bank is convinced that the obligations arising from the contract will be met on the terms and conditions agreed upon in the contract.

A credit card represents a financial obligation in assuming which we recommend that you seriously consider your needs and possibilities.

• Think about what you will need credit for and in what amount.
• Plan ahead in terms of how you intend to repay any credit you use.
• Examine the standard example of APR so that you are fully aware of the cost of using a credit card, including how interest is calculated.
• Remember that if your financial situation deteriorates for any reason, you have taken on a financial obligation whose repayments you will still need to meet regardless of the change in your circumstances.
• Before entering into a contract, we recommend reading through all of the documentation involved: the contract itself, the information sheet that comes with it and the standard terms and conditions of the credit card.
• If you have any questions or concerns, don’t hesitate to contact us immediately – whether you need more information or have run into payment difficulties, we will work with you to find the best solution.

• Do not share the PIN code of your card with anyone: remember the PIN code and destroy the PIN envelope.
• When paying with your card, check the amount at the terminal before confirming the transaction.
• When paying with your card online, use reliable websites.
• If you detect transactions on your account statement that you have not effected or if a service provider is unknown to you, close your card and notify the bank about it immediately.
• If your bank card is lost or stolen, close your card immediately in the Internet or mobile bank or telephone +372 669 0966.
• Let the bank know also if you are not sure that your card has been lost: your card can be blocked temporarily.