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 Platinum Balance Transfer Card review August 2020
Take advantage of the savings offered by TSB's balance transfer credit card.
Finder rating: ★★★★★
Doing its job: 4/5
In a nutshell:
0% interest on balance transfers
0% interest on purchases
|Balance transfers||0% for 28 months reverting to 19.95%|
|Balance transfer fee||2.95% for 3 months reverting to 3%|
|Purchases||0% for 3 months reverting to 19.95%|
|Purchases interest-free period||Up to 56 days|
|Min credit limit||£500|
|Max credit limit||Not specified|
|Additional cards available||1|
Chris 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.
If you have an outstanding credit debt that you’re paying interest on, a balance transfer deal can buy you a holiday from paying interest, and a chance to reduce your debt. After an introductory 0% period, an balance that remains will start to accrue interest at the card’s less-favourable “standard” rate (see table below).
This card is operated on the Mastercard network, meaning it can be used at more than 35 million merchants and ATMs worldwide.
How does this card compare to other similar cards on the market?
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 Platinum Balance Transfer Card
If you want to save on interest payments from existing balances by paying 0% for 28 months with this card, simply visit the TSB website, find the product and you’ll be taken to a secure application form. This takes about 15 minutes to complete. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need so that you can make this process as easy as possible.