TSB Low Rate Mastercard focuses on helping cardholders reduce borrowing costs while providing valuable protection features. Along with its low purchase rate, it includes insurance benefits, digital wallet compatibility and a balance transfer offer, making it a versatile New Zealand credit card.
TSB Low Rate Mastercard: best credit card for lower interest and everyday protection
With an 11.95% p.a. interest rate on purchases and cash advances, this card is ideal for people who occasionally carry a balance. Cardholders also receive up to 55 interest-free days on purchases when the statement balance is paid in full, making it a strong credit card interest-free period option.
Beyond its low rate, the card includes Purchase Protection, Price Protection and Mobile Phone Protection insurance, plus Apple Pay, Google Pay and Mastercard Zero Liability. These credit card benefits provide added confidence for everyday spending.
Should I get a credit card from TSB?
TSB is a long-established New Zealand bank recognised for delivering value to customers. Winning Canstar’s Bank of the Year Credit Cards Award and Outstanding Value Low Rate Credit Card Award for four consecutive years reinforces its standing among credit card companies.
Customers can manage their card through TSB Online Banking and the mobile app, where they can monitor spending, make payments, change their PIN, temporarily block or unblock their card, and order a replacement. These features make this digital credit card experience convenient and secure.
How to get a credit card from TSB?
To obtain the TSB Low Rate Mastercard, you need to:
- Be at least 18 years old.
- Earn a regular after-tax income of at least NZ$18,000 per year.
- Be a New Zealand citizen living in New Zealand or a resident visa holder living in New Zealand.
- Have a good credit history.
- Not be bankrupt or have been subject to insolvency action.
- Meet TSB’s lending criteria.
- Provide bank statements and proof of income.
Apply for credit card
- Visit the official TSB website.
- Select the TSB Low Rate Mastercard.
- Start the online credit card application.
- Complete the application form.
- Provide your financial information and supporting documents.
- Submit the application for assessment.
- Wait for TSB’s approval decision.
FAQ
How does TSB Low Rate Mastercard interest work?
Purchases and cash advances are charged at 11.95% p.a. Balance transfers are eligible for 0% p.a. for six months, after which any remaining transferred balance is treated as a purchase and the standard purchase interest rate applies.
How to increase the TSB Low Rate Mastercard limit?
You can contact TSB to request a credit limit review. Any increase is subject to the bank’s lending criteria and credit card approval.
How to pay off the TSB Low Rate Mastercard?
You can make repayments using TSB Online Banking or other available payment methods. Paying the full closing balance by the due date allows eligible purchases to receive the available credit card interest-free period.
How to cancel a credit card from TSB?
Contact TSB and request closure of your account. Before cancelling this Mastercard credit card, ensure any outstanding balance and pending transactions have been settled.