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A Mastercard from OP

OP-Mastercard – an international and reliable credit card

OP-Mastercard is a separate credit card that is not linked to your bank account. It enables you to pay for your purchases securely online, in Finland and abroad. You can withdraw cash conveniently with a Mastercard, in both Finland and abroad.

OP-Mastercard complements OP-Visa excellently as a credit card for surprising situations or purchases. Mastercard and Visa cover the whole world.

Seven reasons to get a Mastercard

  • OP-Mastercard provides you with an average of 35-day interest-free billing period.

  • An owner-customer's card also includes the unique Product Protection Insurance.

  • Using OP-Mastercard generates OP bonuses. They are generated according to the amount of credit drawn down. 

  • OP-Mastercard is accepted as a payment instrument around the world by all outlets with a Mastercard icon.

  • The Mastercard SecureCode service ensures more secure online purchases.

  • If you have one of the OP-Visa product family’s cards, you will get OP-Mastercard for the monthly fee of 2.00 euros as part of the owner-customer banking services package.

  • You can keep your card’s spending/withdrawal limits and credit limit up to date on OP-mobile and at op.fi.  

  • Credit facility between 2,000 and 6,000 euros, according to your need and repayment capacity.

  • An average of 1-month interest-free billing period. 

  • OP-Mastercard is also a secure online payment instrument.

  • You have four options to choose for your bill's due date: 1st, 8th, 16th, or 24th day of the month.

  • The contactless payment facility enables you to pay for purchases of a maximum of 50 euros quickly without keying in your PIN.

  • Monitor your card transactions handily on OP-mobile, at op.fi and on Pivo.

You can apply for OP-Mastercard if:

  • you are at least 20 years old

  • you use OP as your main bank

  • you have regular income in terms of pay or pension

  • you have sufficient financial standing and have managed your personal finances well

  • you reside permanently in Finland.

How much does the card cost?

  • If you have one of the OP-Visa product family’s cards as part of the owner-customer’s daily service package, you will get OP-Mastercard for the monthly charge of 2.00 euros. 
  • Without the daily service package, the card costs 4.00 euros per month. 
  • The interest rate is the 3-month Euribor + 7.95 percentage points if the credit has debt with interest.
  • The monthly account service charge is 3.50 euros if the credit has debt with interest.

The effective interest rate calculated for used credit of 2,000 euros is 13.00% (8/2019) if the customer has a daily service package. This calculation is based on the assumption that the card’s monthly charge is 2.00 euros and the monthly account service charge 3.50 euros, that the credit interest rate, fees and charges remain constant throughout the credit period, and the credit is repaid in 12 identical monthly instalments. The estimated total amount payable is 2,135.39 euros.

The effective interest rate calculated for used credit of 2,000 euros is 15.41% (8/2019) if the customer has no daily service package. This calculation is based on the assumption that the card’s monthly charge is 4.00 euros and the monthly account service charge 3.50 euros, that the credit interest rate, fees and charges remain constant throughout the credit period, and the credit is repaid in 12 identical monthly instalments. The estimated total amount payable is 2,159.39 euros.

 

About consumer loan information (in Finnish) 

  • It is advisable to set spending and withdrawal limits for your OP-Mastercard in the case of the loss of the card or fraud.
  • You can set such daily limits for withdrawals, card purchases requiring pre-authorisation hold and online payments and other distance purchases.
  • New limits take effect immediately.
  • We recommend that you change these limits whenever you need.

Where to change the spending and withdrawal limits?

You can set the spending/withdrawal limits easily at op.fi and on OP-mobile. You can also call the telephone service, 010 252 7020. You can also visit an OP cooperative bank branch to change the limits.

 

Mastercard SecureCode is a service that enhances online payment security. When you use your credit, the card company's rules also protect your purchases.

It is based on single-sign-on (SSO) with an SMS without having to log in separately.

If you make a purchase with your Mastercard, a One Time Password (OTP) will be sent to you mobile phone via SMS. Receiving the SMS may take a moment. Enter the OTP in the text message into the network view to confirm the payment. If you enter an incorrect OTP four times in a row, the service will be blocked. In such a case, please contact Mastercard customer service.

If you have not informed your phone number to OP, sign-on will fail. You can check the phone number within the service from the Mastercard SecureCode screen when you make an online purchase.

When you pay for your purchases on the web through the Mastercard SecureCode service, you will go to service window where you accept your purchase in encrypted internet connection using your personal online service user identifiers. This way both the merchant and buyer have been reliably authenticated. You can identify the web shops that use the services with the Mastercard SecureCode logo. The service will cause no extra charges to you.

If you have separately enabled the Mastercard SecureCode at op.fi, signing on will work through the TUPAS authentication service when making web purchases with Mastercard.

If you experience any problems, please call OP Customer service at 010 252 7020 or from outside Finland +358 10 252 7020 (Mon.–Fri. 9 am–4.30 pm)

  • €0.0835 per call + €0.167 per minute from land-line phones in Finland (VAT included).
  • €0.0835 per call + €0.167 per minute from mobile subscriptions (VAT included).

With Pivo, you can easily pay your friend, online and at store checkouts. You will also see where your money goes. Winner of several awards, Pivo is our customers’ favourite.

OP bonuses

As an owner-customer, you will earn OP bonuses for example from

  • loans
  • savings and investments
  • funds in accounts
  • purchases you have paid with OP-Visa credit
  • insurance premiums for home, family and motor vehicle policies.

OP bonuses are used for the bank’s service charges and insurance premiums.

Owner-customer benefits

  • As owner-customer, you enjoy a higher current account interest rate: 0.10% (normally 0.00%).
  • As our owner-customer, you can choose a long-term fixed interest rate for your new home loan throughout the loan's term, up to 25 years. This is how you can ensure that your interest charges for your home loan will remain unchanged throughout the loan term.
  • As owner-customer you can get a student loan with no service charge in case your loan application is filed at op.fi.

Product Protection Insurance will automatically be included in OP owner-customers’ OP-Mastercard. Product Protection Insurance is a free-of-charge policy for owner-customers, valid for credit and debit transactions for 180 days from the date of purchase.

Product Protection Insurance covers, for example, the repair costs of a broken device or the purchase of a new one. The coverable device must be new and bought for private use. The deductible is 75 euros. Product Protection Insurance is issued by Pohjola Insurance Ltd.

The card is granted by OP Card Company Plc.