Approval for any credit card will depend on your status. The APR shown represents the interest rate offered to most successful applicants. Depending on your personal circumstances the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow.
TSB Classic Credit Card review July 2020
Last updated:
Kick-start your credit history with this credit builder that offers 0% interest on purchases and balance transfers, available exclusively in-branch.
Finder rating: ★★★★★
Representative example: When you spend £1,200 at a purchase rate of 26.95% (variable) p.a., your representative rate is 26.9% APR (variable).
26.9%
Representative APR
£0
Account fee
10 months
0% interest on purchases
Details
| Issuer | TSB |
|---|---|
| Network | Mastercard |
| Annual/monthly fees | £0 |
| Balance transfers | 0% for 10 months reverting to 26.95% |
| Balance transfer fee | 2.95% for 3 months reverting to 3% |
| Purchases | 0% for 10 months reverting to 26.95% |
| Purchases interest-free period | Up to 56 days |
| Cash advances | 26.95% |
| Min credit limit | £500 |
| Max credit limit | Not specified |
| Additional cards available | 1 |
Expert review
Review by
Chris Lilly
chris.lilly@finder.comChris Lilly is a publisher at finder.com. He's a specialist in credit-based products including business and personal loans, mortgages and credit cards, and is passionate about helping UK consumers make informed decisions about their borrowing. In his spare time Chris likes forcing his kids to exercise more.
Expert review
For those looking to build or rebuild a positive credit record, TSB’s Classic Credit Card offers a chance to consolidate higher-rate balances you might have on other cards, and also to spread the cost of upcoming purchases.
As you might expect from a “credit builder”, the Classic card comes with no annual fee to worry about, plus opening credit limits (which are tailored to the applicant) are relatively small and the standard rate is relatively high. However, if you clear your balance in full each month, you won’t pay interest on purchases – you’ll benefit from up to 56 days of 0% interest each billing cycle.
Don’t forget that if you opt to take advantage of the balance transfer offer, there’s a fee of 2.95% for 3 months reverting to 3%, and that after any introductory offer periods have expired, your balance will start to accrue interest at a not-so-competitive rate.
How does this card compare with other credit builders?
Table: sorted by representative APR, promoted deals first
Repayment options
When it comes to repayments, you can make manual repayments online or over the phone (0345 835 3846), or alternatively set up a direct debit. A direct debit is a great idea because it protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee or losing any promotional rates as a result. You can arrange a direct debit for repayments when you apply for the credit card. The table below shows the options available.
Choose from the following direct debit options for your monthly repayments:
| Minimum amount | Fixed amount | Fixed percentage | Full amount |
|---|---|---|---|
How to apply for the TSB Classic Credit Card
This card is currently only available in-branch – you can’t apply online. If you don’t fancy heading to your nearest branch, you may wish to consider one of the alternatives listed above, which are available online.
We show offers we can track - that's not every product on the market...yet. Unless we've said otherwise, products are in no particular order. The terms "best", "top", "cheap" (and variations of these) aren't ratings, though we always explain what's great about a product when we highlight it. This is subject to our terms of use. When you make major financial decisions, consider getting independent financial advice. Always consider your own circumstances when you compare products so you get what's right for you.