The TSB Low Rate Mastercard is a practical credit card option, offering a low interest rate and essential features. Below, we’ll walk you through the application process and what you’ll need to get started.
Eligibility requirements for the TSB Low Rate Mastercard
✔️ Must be 18 years or older
✔️ Must be a New Zealand resident or citizen
✔️ Stable income and good credit history
Documents you’ll need to apply
📄 Identification (e.g., passport, driver’s license)
📄 Proof of income (bank statements or recent payslips)
📄 Proof of address (e.g., recent utility bill or official correspondence)
Once you meet these requirements, you’re ready to apply. Approval depends on meeting the criteria, and TSB may request additional information if needed.
How to apply for the TSB Low Rate Mastercard
Applying for the TSB Low Rate Mastercard is straightforward. Visit TSB’s official website, navigate to the credit card section, and select the TSB Low Rate Mastercard. Begin your application by clicking “Apply Now” and filling in the online form with your personal, contact, and financial details. You’ll be asked to upload the necessary documents directly on the platform.
After submission, TSB will review your application, and if additional information is required, they will reach out. If your application is not approved immediately, you may try again at a later time.
Get ready!
Payments on the TSB Low Rate Mastercard can be made through TSB’s Internet Banking, where you can set up automatic payments to cover either the full balance or the minimum amount by the due date each month.
If you pay the full balance within the 55-day interest-free period, you won’t incur interest charges. This setup helps avoid fees, ensuring you can make the most of the card’s benefits.
Rates, fees, and associated costs
The TSB Low Rate Mastercard has a competitive purchase and cash advance interest rate of 11.95% per annum. The annual fee is NZD 20, making it an affordable option. For foreign currency transactions, a 1.9% conversion fee applies.
Additionally, TSB offers up to 55 interest-free days on purchases, provided the balance is paid in full each month. Any remaining balance after this period will incur interest. If you choose to transfer a balance from a non-TSB card, an introductory 0% interest rate applies for six months, followed by the standard rate.
Quick overview
The TSB Low Rate Mastercard offers a blend of affordability and useful features like mobile payments and built-in insurance protections. With a low interest rate and up to 55 interest-free days, it’s designed for those who value financial efficiency.
Paying off your balance within the interest-free period is key to maximizing the benefits, while the added insurance features provide an extra layer of security on purchases.
Start right now
Take advantage of the TSB Low Rate Mastercard’s benefits today! Click below to begin your application and explore how this card can simplify your financial experience.