TSB Platinum Purchase Card review 2021

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Take control of your spending with this dual interest-free period on purchases and balance transfers.

Finder rating: ★★★★★

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


Representative APR

20 months

0% interest on balance transfers

20 months

0% interest on purchases


Account fee


Annual/monthly fees£0
Balance transfers0% for 20 months reverting to 19.95%
Balance transfer fee2.95% for 3 months reverting to 3%
Purchases0% for 20 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’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. It’s not the longest you can find among the so-called “matched” credit cards, but it’s still very good.

There’s no annual or monthly account fee, but if you do decide to transfer a balance from an old card, you’ll incur a fee of 2.95% for 3 months reverting to 3%. This makes it less than ideal if the balance you need to transfer is quite big, in which case you might be better off with a card that focuses more on balance transfers than on purchases.

Finally, you might want to set an alarm for when the intro period is over. This card’s revert rate isn’t especially convenient, so you really need to pay off your balance before then, in order to avoid being charged any interest. Also, at that point this card won’t have much in it for you and it may be time to shop around for a new one.

The TSB Platinum Purchase Card is issued on the Mastercard network so it's accepted at nearly 53 million merchants across more than 210 countries and territories.

Pros and cons


  • Over a year of 0% interest to focus on reducing existing card debt
  • Over a year to spread the cost of purchases
  • No annual fee


  • Applicants with low credit scores are unlikely to be eligible
  • Don't forget that balance transfer fee! If cutting the interest on existing card debt is your main reason for considering this card, check out no-fee deals first

How does it compare with other matched 0% deals?

Table: sorted by length of 0% offer.
Data indicated here is updated daily
Name Product Balance transfers Money transfers Purchases Annual/monthly fees Rep. APR Link Incentive Representative example
HSBC Purchase Plus Credit Card Visa
0% for 18 months
(2.9% fee)
0% for 18 months reverting to 22.9%
22.9% (variable)
Check eligibility
More Info
Discounts and exclusive offers for dining experiences, leisure activities and shopping available through HSBC Home and Away.
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).
Santander All in One Credit Card
0% for 26 months
(0% fee)
0% for 26 months reverting to 15.9%
£3 per month
21.7% (variable)
More Info
0.5% cashback after £1 of monthly spend. Cashback paid monthly into card account. Maximum spend for cashback purposes is limited to credit limit.
Representative example: When you spend £1,200 at a purchase rate of 15.9% (variable) p.a. with a fee of £3 per month, your representative rate is 21.7% APR (variable).
TSB Platinum Purchase Card
0% for 20 months
(2.95% fee)
0% for 20 months reverting to 19.95%
19.9% (variable)
More Info
Representative example: When you spend £1,200 at a rate of 19.95% (variable) per annum, your representative APR is 19.9% APR (variable).
MBNA 0% Transfer and Purchase Credit Card
0% for 20 months
(2.99% fee)
0% for 12 months
(4% fee)
0% for 20 months reverting to 20.93%
20.9% (variable)
More Info
Introductory 0% purchase offer only applies to purchases made within 60 days of opening.
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).

Compare up to 4 providers

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

You can make manual repayments through TSB's app, by logging in to your online banking or over the phone (0345 835 3846). Alternatively you may wish to set up a direct debit.

A direct debit protects you from forgetting to make a repayment and either damaging your credit score, getting hit with a penalty fee (£12) 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 this TSB deal

If you've compared cards and settled on the TSB Platinum Purchase Card, 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.

Frequently asked questions

What credit limit will I get with the TSB Platinum Purchase Card?

If TSB is able to offer you this deal, the offer will specify a personalised credit limit based on TSB's assessment of your situation. The minimum limit offered on this card is £500 and TSB does not specify a maximum. Once you've had the card for a while and shown TSB that you're reliable, you may wish to apply for a credit limit increase.

Can I withdraw cash using the TSB Platinum Purchase Card?

Although it's possible, withdrawing cash from a credit card account is generally not a good idea, as "cash-like transactions" (withdrawing cash at an ATM, getting cashback at the till, spending at a casino, buying currency, etc.) often incur steep fees and/or higher rates of interest.

The cash advance fee on the TSB Platinum Purchase Card is 3% (min. £3). For example, if you withdraw £50, you'll incur a fee of £3.00. Withdraw £250, and you'll incur a fee of £7.50.

The interest rate on this part of your balance will be 19.95%, which is the same as the standard purchases rate (chargeable from the day of the transaction – the card's usual "up to 56 days interest-free" grace period won't apply).

How much does it cost to use the TSB Platinum Purchase Card abroad?

Non-sterling transactions are subject to a 2.95% charge. For example, if you spend 200 euros (£180.02), it'll cost you around £5.31.

What is the minimum payment on the TSB Platinum Purchase Card?

Each month you must pay at least 1% of your balance at that point or £5.00 – whichever of the two figures is greater. So if you had, say, £450.00 outstanding, you'd pay £5.00, and if you had £2,000.00 outstanding, you'd pay £20.00.

Paying only the minimum required amount each month is generally not advisable as it makes it much harder to get debt-free before that introductory 0% period expires.

Finder credit card ratings

★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor

Our experts score matched/balanced credit cards to determine their value against similar products on the market. We look at a number of important factors, like the length of the introductory offer, balance transfer fees, any restrictions to the offer, plus the potential costs involved with running the card both in the short and longer term.

You can read more about our scoring criteria on our credit card methodology page.

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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    Default Gravatar
    March 12, 2019

    I am looking to open a Credit Card with TSB, however, I work full time so won’t be able to come into the banks to discuss this with someone. Is it possible for me to complete an online application for one?

      Avatarfinder Customer Care
      March 13, 2019

      Hi Yasmin,

      Thank you for your comment.

      According to TSB, applicants are advised to find a branch and apply in person. The online application is unfortunately not available as of yet for TSB credit cards.


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