OP-Visa

• 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 OP-Visa bill's due date: 7th, 15th, 24th 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.
• You can choose the design you like for your card from among our options.
• 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.

You can apply for OP-Visa if you:

• are at least 18 years old
• you use OP as your main bank
• have regular income in terms of pay or pension
• have sufficient financial standing and have managed your personal finances well
• reside permanently in Finland.

How much does the card cost?

• In OP cooperative bank owner-customer’s daily service package, you get an OP-Visa card, a current account and OP eServices for 2.95 euros per month.
• Without the daily service package, an OP-Visa card costs 2.95 euros per month. 
• The card is free of charge for those under 26 years of age.
• 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 12.46% (8/2019) if the customer has a daily service package. This calculation is based on the assumption that the card’s monthly charge is 1.54 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 2,129.83 euros.
 
The effective interest rate calculated for used credit of 2,000 euros is 14.15% (8/2019) 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 2,146.75 euros.

Read more about daily banking services

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

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

Product Protection Insurance Covers card purchases with OP-Visa’s credit and debit facilities

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

Coverage from blunders for 180 days

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

Free-of-charge insurance only for owner-customers

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.

Product Protection Insurance protects your card purchases from blunders

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 for six months. 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.

Coverage for your purchases, also those made abroad or online

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 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.

Insurance benefit for owner-customers

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 Pohjola Insurance Ltd.

• 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, tel. 010 253 1333 or visit an OP cooperative bank branch to change the limits.

Verified by Visa is a service that enhances online payment security.

When you pay for purchases online through the Verified by Visa service, you will go to op.fi in order to 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 Verified by Visa logo.

This is how the service works

1. First make your purchases and then go to checkout.
2. Choose Visa as payment method.
3. Enter your card's number and expiry date.
4. Click on Pay. Now you go to op.fi.
5. A small window opens up in the screen where you accept your purchases using your user ID, password and a changing key code for op.fi.
6. You receive confirmation of the payment completed successfully.
7. You return to the merchant's website and receive a confirmation of the order.
8. When you pay for your purchase using the credit facility, the amount debited will be shown in your next Visa bill. When you pay with OP-Visa Debit, the purchase will be debited directly to your bank account.

• 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.

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.