TSB Platinum 30 Month Balance Transfer Mastercard review May 2020

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Take advantage of the savings offered by TSB's balance transfer credit card.

Finder rating: ★★★★★

Representative example: When you spend £1,200 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable).

30 months

0% interest on balance transfers

19.9%

Representative APR

£0

Account fee

3 months

0% interest on purchases

Details

IssuerTSB
NetworkMastercard
Annual/monthly fees£0
Balance transfers0% for 30 months reverting to 19.95%
Balance transfer fee2.95% for 3 months reverting to 3%
Purchases0% for 3 months reverting to 19.95%
Purchases interest-free periodUp to 56 days
Cash advances19.95%
Min credit limit£500
Max credit limitNot specified
Additional cards available1

Expert review

Chris Lilly

Review by


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.

Expert review

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?

TSB’s card

Data indicated here is updated daily
Name Product Balance transfers Balance transfer fee Purchases Annual/monthly fees Rep. APR Link Incentive Representative example
TSB Platinum 30 Month Balance Transfer Mastercard
0% for 30 months reverting to 19.95%
2.95% for 3 months reverting to 3%
0% for 3 months reverting to 19.95%
£0
19.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable).
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The competition

Table: sorted by representative APR, promoted deals first
Data indicated here is updated daily
Name Product Balance transfers Balance transfer fee Purchases Annual/monthly fees Rep. APR Link Incentive Representative example
M&S Bank Shopping Plus Mastercard
0% for 20 months reverting to 19.9%
2.9% (min. £5)
0% for 20 months reverting to 19.9%
£0
19.9% (variable)
Earn 1 point for every £1 spent at Marks and Spencer's and 1 point for every £5 spent elsewhere. 100 points = £1 reward voucher. Points will be converted into reward vouchers 4 times a year.
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
The Royal Bank Balance Transfer Credit Card (eligibility criteria apply)
0% for 20 months reverting to 19.9%
0%
Transfers must be made within 3 months of account opening
0% for 3 months reverting to 19.9% p.a. (variable)
£0
19.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable), your representative rate is 19.9% APR (variable).
The NatWest Balance Transfer Credit Card (eligibility criteria apply)
0% for 20 months reverting to 19.9%.
0%
Transfers must be made within 3 months of account opening
0% for 3 months reverting to 19.9% p.a. (variable)
£0
19.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable), your representative rate is 19.9% APR (variable).
HSBC Purchase Plus Credit Card Visa
0% for 18 months reverting to 22.9%
2.9% (min. £5) for transfers in first 60 days
0% for 18 months reverting to 22.9%
£0
22.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 22.9% (variable) p.a., your representative rate is 22.9% APR (variable).
TSB Platinum 30 Month Balance Transfer Mastercard
0% for 30 months reverting to 19.95%
2.95% for 3 months reverting to 3%
0% for 3 months reverting to 19.95%
£0
19.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.95% (variable) p.a., your representative rate is 19.9% APR (variable).
MBNA Long 0% Balance Transfer Credit Card
0% for 29 months reverting to 20.93%
2.75% for 2 months reverting to 5%
20.93%
£0
20.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 20.93% (variable) p.a., your representative rate is 20.9% APR (variable).
Ulster Bank Longer Balance Transfer Credit Card Mastercard
Ulster Bank Longer Balance Transfer Credit Card Mastercard
0% for 28 months reverting to 19.9%
0%
0% for 3 months reverting to 19.9%
£0
19.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
NatWest Longer Balance Transfer Credit Card Mastercard
NatWest Longer Balance Transfer Credit Card Mastercard
0% for 28 months reverting to 19.9%
0%
0% for 3 months reverting to 19.9%
£0
19.9% (variable)
Representative example: When you spend £1,200 at a purchase rate of 19.9% (variable) p.a., your representative rate is 19.9% APR (variable).
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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.

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 Platinum 30 Month Balance Transfer Mastercard

If you want to save on interest payments from existing balances by paying 0% for 28 months with this card, just click on the “Go to Site” button 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.

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.

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