TSB Visa Classic Credit Card

Transfer your outstanding balance to the TSB Visa Classic and pay 0% interest for the first 6 months.

The TSB Visa Classic is the only credit card currently offered by TSB. It gives you access to credit wherever Visa is accepted and comes with a low card fee of $30 per year.

If you transfer the balance from another bank’s credit card you won’t pay any interest for the first 6 months, and visually impaired customers are able to find their card quickly with braille print on the front of the card.

While you’ll need to have a TSB account to apply for this card, you can easily fill in an application form online to get started.

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18.5% p.a.

Purchase Rate

$30 p.a.

Annual Fee

Details

Product NameTSB Visa Classic Credit Card
Balance transfer revert rate18.5%
Purchase rate (p.a.)18.5% p.a.
Annual Fee$30 p.a.
Interest Free PeriodUp to 55 days on purchases
Minimum Monthly Payment3% of transaction value or $10, whichever is greater
Card TypeVisa
Late Payment Fee$12
Complimentary Travel InsuranceNo
Joint ApplicationYes

Benefits of the TSB Visa Classic

  • Balance transfer. If you transfer the outstanding balance from other credit cards to your TSB Visa Classic, you pay 0.0% p.a. interest on that balance for the first 6 months. This allows you to consolidate your debt with less interest to be paid.
  • Braille print. TSB helps visually impaired customers easily identify their Visa Classic card by printing ‘TSB C’ in braille on the card.
  • Interest-free days. Get up to 55 days interest-free on purchases when you use your TSB Visa Classic.
  • Accepted globally. Use your card anywhere in the world where Visa is accepted.

Features of the TSB Visa Classic

  • Interest rate. An interest rate of 18.5% p.a. applies to purchases and cash advances using the TSB Visa Classic. A cash advance fee of $2 is charged in New Zealand or $5 for overseas transactions.
  • Card fee. TSB charges a fee of $15 every 6 months for the first card. Additional or joint cards incur a cost of $2.50 per 6 months.
  • Visa payWave. When making purchases in-store at Visa payWave retailers, tap your card on the machine. Payments are more secure since you don’t need to hand over your card, and you only need to enter your PIN if the transaction is $200 or over.
  • Fraud protection. Verified by Visa and Visa’s Zero Liability policies help protect you against fraud and remove your liability when you meet its terms and conditions.

How to apply

If you want to apply for a TSB Visa Classic, you must have a TSB account. You can download a form from the website and take it to your local branch or complete an online application to open an account.

Eligibility criteria

To be eligible to open a TSB account online you will need to:

  • Be at least 18 years of age
  • Be a New Zealand citizen or permanent resident
  • Have a smartphone or computer with a webcam.

Required documents

To open your TSB account, you need a New Zealand Driver’s Licence or passport.
TSB also asks for other documentation while opening your account and applying for the TSB Visa Classic, which may include:

  • Proof of address: A recent bank statement, utility bill or government letter
  • Proof of income: Bank statements and/or payslips

TSB will advise you on exactly what you need during the application process, and in some cases, it may require more documents.

The bottom line

If you need to consolidate your debt, the TSB Visa Classic card gives you six months to get your spending under control. However, after six months, you incur a rather hefty 18.5%, so it is worth comparing your other balance transfer options.

Compare other credit cards

Name Product Purchase Rate Annual fee Balance Transfer Rate
OFFER
Q Mastercard
0% for 3 months (changes to 25.99% p.a.)
$50
0% p.a. for 36 months
0% p.a. for 36 months on balances transferred from eligible personal credit cards until 30 November 2021 - offer applies to new customers only. Plus get 3 months zero interest and zero payments on every purchase.
AIRPOINTS
American Express Airpoints Platinum Card
19.95% p.a.
$195
N/A
Be rewarded with 500 bonus Airpoints Dollars when you apply by 29 November 2021 are approved, and spend $1,500 on your new Card within the first 3 months. This offer is available to new Card Members only. Ts&Cs apply. You will also earn 1 Airpoints Dollar for every $59 you spend on your card.
OFFER
Farmers Mastercard
25.95% p.a.
$50
N/A
Get $100 worth of Farmers Club Vouchers when you spend and link your card to a Farmers Club Card - offer is for new applications only and ends on 31 October 2021.
Flight Centre Mastercard
22.95% p.a.
$50
N/A
Use your Flight Centre Mastercard for everyday shopping and earn rewards as you spend. Earn 2 Flight Centre rewards for every $100 spent at a Flight Centre Store and 1 reward point for standard purchases. Subject to lending criteria. Ts&Cs apply.
AIRPOINTS
American Express Airpoints Card
0% for 6 months (changes to 19.95% p.a.)
$0
N/A
Be rewarded with 100 bonus Airpoints Dollars when you apply by 28 February 2022, are approved and sped $750 on your new card within the first 3 months of membership. This offer is available to new Card Members only.
OFFER
American Express Platinum Edge Credit Card
2.99% for 6 months (changes to 19.95% p.a.)
$149
N/A
Enjoy a low rate on purchases and earn 20,000 Membership Rewards Bonus Points if you apply, are approved and spend $750 in the first 3 months of Card membership. This offer is available to new Card Members only.
OFFER
American Express Platinum Card
N/A
$1,250
N/A
Get the new metal Platinum Card, 80,000 Membership Rewards bonus points, up to $300 dining credit and $200 to spend on travel each year. Offer available to new customers who apply online, are approved and spend at least $1,500 in the first 3 months. Exclusions, Ts&Cs apply.
LOW RATE
The Co-operative Bank Fair Rate Credit Card
12.95% p.a.
$20
0% p.a. for 6 months
0% p.a. on balance transfers for 6 months, plus benefit from a low rate of 12.95% on both purchases and cash advances.
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