TSB has received Canstar’s Bank of the Year Credit Cards Award and Outstanding Value Low Rate Credit Card Award for four consecutive years, reinforcing its reputation among credit card companies.
What you need to know about this credit card
- Purchase and cash advance interest rate: 11.95% p.a.
- Annual card fee: NZ$20 per year.
- Balance transfer offer: 0% p.a. for six months on eligible balances transferred from another bank credit card or selected store card.
- Eligibility: Applicants must be at least 18 years old, earn at least NZ$18,000 after tax per year, be New Zealand citizens or resident visa holders living in New Zealand, have a good credit history, and meet TSB’s lending criteria.
Pros
- Low 11.95% p.a. interest rate on purchases and cash advances.
- Up to 55 interest-free days on purchases.
- Award-winning low-rate credit card.
- Includes Purchase Protection, Price Protection and Mobile Phone Protection insurance.
- Apple Pay, Google Pay and Mastercard Zero Liability protection.
Cons
- NZ$20 annual card fee applies.
- A 1.9% foreign currency conversion fee is charged.
Why choose TSB for your credit card?
Compared with BNZ Lite Visa, TSB Low Rate Mastercard offers a lower purchase rate, making it an attractive best low-rate credit card.
Unlike Westpac Fee Free Mastercard, it includes valuable insurance benefits alongside its credit card benefits.
Compared with Kiwibank Zero Visa, TSB offers a 0% balance transfer for six months, strengthening its credit card balance transfer offers.
Against ASB Visa Light, TSB combines a lower purchase rate with award-winning value, making it a practical Mastercard credit card.
Compared with ANZ Low Rate Visa, TSB adds Price Protection and Mobile Phone Protection, offering more everyday value from a low-rate Visa credit card alternative.
How to apply for your TSB Low Rate Mastercard
If you’re looking for lower interest and award-winning value, begin your credit card application today and see whether TSB Low Rate Mastercard suits your financial goals.