Our lowest rate credit card. Meet the TSB Low Rate Mastercard. Packed with a low interest rate of 11.95% p.a. for purchases and a range of insurances.
Our Low Rate Mastercard
- $20 annual card fee
- 11.95% p.a. interest rate for purchases and cash advances1
- $500 minimum credit limit
- Up to 55 days interest free credit for purchases2
- Tap to pay with Apple Pay3 and Google Pay™4
- 1.9% foreign currency conversion fee
- Protection from fraud with Mastercard’s Zero Liability Promise5
- Mobile Phone Insurance6
- Price Protection Insurance6
- Purchase Protection Insurance6
- Use your card to access a range of Mastercard cardholder offers and experiences7 with Priceless®
- Spend less time at the checkout, simply tap & go for purchases under $2008
Other fees and interest rates apply. See TSB Credit Mastercard rates, fees and agreements for more detail.
Zero reasons not to
For a limited time, get 0% p.a. interest for 6 months on balances transferred from another bank credit card or selected store card to our award-winning TSB Low Rate Mastercard.
$20 annual fee. Other interest rates, lending criteria, T&Cs (including balance transfer terms) and fees apply. Rates are subject to change. Any unpaid balance transfer amount at the end of the 6-month period will be treated as a purchase from that date. TSB received a 5-Star Rating for Outstanding Value Low-Rate Card 2023 from Canstar for our Low Rate Mastercard.
Apply online for a credit card
The application takes around 20-30 minutes to complete – to make the process faster have your bank statements and proof of income handy, check here to see what you’ll need.
Key features
At a glance
Our lowest credit card interest rate
The credit card with our lowest interest rates on purchases and cash advances, at 11.95% p.a.1.
Interest free credit
Up to 55 interest free days on purchases2 when you pay the closing balance of your statement in full each month by the due date.
Apple Pay3 and Google Pay™4
Simply add your TSB Low Rate Mastercard to your mobile wallet so you can tap to pay with Apple Pay3 or Google Pay4, in-store, in apps and online.
All about our credit cards
Check out the key things you should know about how our personal Mastercard credit cards work before you apply.
Braille on our cards
To help our vision impaired customers identify which card they’re using, our TSB Low Rate Mastercards have ‘TSB L’ printed in braille on them.
Our new TSB Low Rate Mastercard has a vertical design, so the braille is printed on the lower left side, to help customers identify the orientation of their card for tapping or inserting the chip.
Monitor your card online
With online and mobile banking you can take control of your money. Make payments, keep track of spending and check balances all from your mobile, tablet or desktop.
How to get help with your card
Has something gone wrong with your card?
Learn how to block your card when you’ve misplaced it, report your card as lost or stolen, and how to dispute a transaction.
Not the right option for you?
Take a look at our other personal lending options
Get started
Important information
1. Different interest rates apply to balance transfers. We can change our interest rates and fees from time to time.
2. Up to 55 days interest free credit for purchases when you pay the closing balance of your statement in full each month by the due date. Purchases doesn’t include cash advances or balance transfers.
3. The TSB Apple Pay Conditions of Use apply when you use your card in Apple Pay.
4. The TSB Google Pay Conditions of Use apply to Google Pay, see Google Pay for more information.
5. For more details of Mastercard's Zero Liability Protection, visit mastercard.co.nz/zeroliability.
6. Mobile Phone Insurance, Purchase Protection Insurance and Price Protection Insurance are underwritten by AIG Insurance New Zealand Limited (“AIG”). AIG, TSB or Mastercard do not provide financial advice about the insurance. TSB Credit Mastercard Insurance Terms and Conditions sets out the details of what is covered, claims limits, what is not covered, and eligibility to help you determine if the insurance is right for you. The Insurance (Prudential Supervision) Act 2010 requires licensed insurers to have a current financial strength rating that is given by an approved rating agency. AIG Insurance New Zealand Limited has an A (Strong) insurer financial strength rating given by Standard & Poor’s (Australia) Pty Ltd. The rating scale, in summary form is:
AAA Extremely Strong BBB Good CCC Very Weak SD Selective Default
AA Very Strong BB Marginal CC Extremely weak D Default
A Strong B Weak C Regulatory Action NR Not Rated
The rating from 'AA' to 'CCC' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories. A full description of the rating scale is available on Standard & Poor’s website.
7. Priceless experiences are subject to terms and conditions at www.priceless.com/terms/en_NZ
8. The limits for contactless transactions without PINs can be changed from time to time without notice.
The terms and conditions for the TSB Low Rate Mastercard are set out in Credit Mastercard Conditions of Use, Credit Mastercard Fees Information and your card summary.
Mastercard and Priceless are registered trademarks, and the circles design is a trademark of Mastercard International.
Apple Pay, Apple Wallet, iPhone and Apple Watch are trademarks of Apple Inc., registered in the U.S. and other countries.
Android and Google Pay is a trademark of Google LLC.