TSB Platinum 20 Month Purchase Mastercard review September 2019
Take control of your spending with this dual interest-free period on purchases and balance transfers.
0% interest on balance transfers
0% interest on purchases
|Balance transfers||0% for 20 months reverting to 19.95%|
|Balance transfer fee||2.95% for 3 months reverting to 3%|
|Purchases||0% for 20 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|
If you’re about to make some big purchases, while paying off existing card debt, this could be a handy card to have in your wallet.
Despite being billed as a card for spreading the cost of purchases, it also boasts an introductory period of up to 20 months 0% interest on balance transfers.
There’s no annual or monthly account fee, but if you do decide to transfer a balance from an old card, don’t forget that you’ll incur a fee of 2.95% for 3 months reverting to 3%.
How does this card compare with 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 20 Month Purchase Mastercard
If you’ve compared cards and want to apply, completing the secure online application form takes about 15 minutes. Before you apply, check that you meet the eligibility requirements and have the information and documents you’ll need to make the process as straightforward as possible.