OP-Visa Credit/Debit

How much does the card cost?

• As an OP cooperative bank's owner-customer you get the daily services, including OP-Visa card, a current account and OP eServices, for 3.95 euros per month. For owner-customers, the bank’s service fees are primarily charged from OP bonuses.
• Without the daily services, an OP-Visa card costs 2.95 euros per month. 
• For customers under the age of 26, the daily services, including one card, are free of charge.
• 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 14,63 % (6/2021) if the customer has a daily service package. This calculation is based on the assumption that the card’s monthly charge is 2,06 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 2 145,70 euros. 

The effective interest rate calculated for used credit of 2,000 euros is 15.07% (6/2021) if the customer has no daily service package. This calculation is based on the assumption that the card’s monthly charge is 2.95 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 2,156.15 euros.

Read more about daily banking services

• Credit starting from 2,000 euros up to 20,000 euros, credit limit according to your need and repayment capacity.
• You can choose whether your purchases will be debited using the debit side, or directly to your bank account, or using the credit side in which case you can use the card as charge card or use the card's credit facility.
• An average of 35-day interest-free billing period is available to you.
• You have four options to choose for the bill's due date: 7th, 15th, 23rd or the last day of the month.
• K-Plussa feature is available for the card.
• You can withdraw cash at checkouts in K-food stores and Tokmanni stores.
• Its contactless payment facility enables you to pay for small purchases of a maximum of 50 euros quickly without keying in your PIN.
• You can conveniently track your card transactions on OP-mobile, Pivo and OP eServices.
• After you have opened Money Box and enabled Auto Save through card, your savings will add up every time you pay with your card’s debit function.

If you are our owner-customer, your OP-Visa card will automatically include the new Product Protection Insurance.

Your purchases are insured regardless of whether you pay for them with the card’s credit or debit facility.

Your card purchases are covered for six months from the time of purchase in Finland, abroad and in online stores.

Product Protection Insurance is only included in the OP-Visa cards held by OP cooperative bank’s owner-customers and in joint cards linked to them.

Sometimes all sorts of things happen, the phone slips from your hand or coffee spills on your laptop. Luckily, Product Protection Insurance covers card purchases made with OP-Visa from blunders. You can enjoy this benefit for owner-customers by actively purchasing with your OP-Visa card.

Product Protection Insurance is a free insurance for owner-customers who have an OP-Visa Credit/Debit combination card, OP-Visa Gold, OP-Visa Platinum, or an OP-Mastercard. Joint holders of any of these cards are also entitled to the benefit, if the principal card-holder is an owner-customer. The insurance cannot be bought separately.

Product Protection Insurance covers your purchases paid with OP-Visa’s credit and debit facilities in Finland, abroad and in online stores. The insurance covers purchases that conform to the terms and conditions for 180 days (from 1.11.2021 365 days with OP-Visa Gold and OP-Visa Platinum) from the time when the card-holder acquires the item.

Product Protection Insurance may provide cover, for example, if your brand-new spectacles get broken, your new tablet falls to the floor or ground and gets broken or the screen of your mobile phone is damaged. The deductible is EUR 75, and up to EUR 2,000 is compensated for an individual item.

By becoming our owner-customer you are entitled, in addition to the Product Protection Insurance, to, for example, daily banking services at a lower cost and you earn value-for-money OP bonuses which offset banking service charges and insurance premiums. You can also buy, sell and switch many of our funds with no charges.

Product Protection Insurance is issued by OP Insurance Ltd.

Product Protection Insurance product description (valid from 1.11.2021)

Product Protection Insurance terms and conditions (valid from 1.11.2021)

Read more about Product Protection Insurance

If a problem occurs in a good or service bought with the card’s credit feature, you can claim a refund from the credit card company. You can do so in cases of non-delivery or disappearance of goods in transit, a fault in the product which the company refuses to rectify, or if the merchant goes bankrupt. 

You will also be protected if your airline or tour operator goes bankrupt. In addition, you can request a refund from the credit card company if an airline or tour operator cancels a journey but does not compensate you for it.

Purchase Protection Insurance is provided in accordance with the Consumer Protection Act. If the merchant is in breach of contract and you paid for a good or service by credit, you can present a claim to the credit card company as well as the merchant. The abovementioned situations are cases of breach of contract.

How to claim from a credit card company

If you are a university student in a Finnish university, you can apply for OP-Visa with a credit limit of 2,000 euros.

• It is advisable to set spending and withdrawal limits for OP-Visa 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. Set the limits both on the credit and debit side.
• The new spending/withdrawal limits will take effect immediately after you have changed them on OP-mobile or at op.fi as well as in customer service during its opening hours.
• We recommend that you change these limits whenever you need.

Please note that the account may have a spending/withdrawal limit that restricts card payments, in addition to spending/withdrawal limit linked to the card.

Where to change the spending and withdrawal limits?

You can set the limits easily at op.fi and on OP-mobile. You can also call OP telephone service or visit an OP cooperative bank branch to change the limits.

Visa Secure (previously Verified by Visa) is a service that enhances online payment security. Both the merchant and buyer are reliably authenticated on the service. To see whether a webshop uses this service, look for the Visa Secure logo.

Add your card to Apple Pay or Pivo. These payment apps enable you to pay in stores and online with just your smartphone. You don’t need your card or card details at the time of payment.

Paying with Apple Pay or Pivo at a store is contactless, you just take your smartphone near the reader. You can also pay for purchases of over 50 euros.

Read more about mobile payments

• When paying for your purchase with your card, you can withdraw a maximum of 200 euros with the card.
• The withdrawal fee for OP-Visa Credit is two euros plus 2,75% of the amount withdrawn.
• Cash withdrawals with OP-Visa Debit are not subject to a charge.
• Cash withdrawal is subject pre-authorisation hold, i.e. the same principle applies to such cash withdrawals as that to ATM cash withdrawals. You can see both the purchase and the cash withdrawal itemised on you bank statement. Credit withdrawals are also itemised in your Visa bill.

OP cooperative bank owner-customers earn OP bonuses from:

• Funds in savings accounts

• Home loans, student loans and secured bank loans

• Mutual funds and unit-linked insurance assets

• Insurance premiums paid, such as home and motor vehicle insurance and continuous travel insurance

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

• Terms and conditions for OP-Visa-credit
• General Terms and Conditions for Payment Cards