TSB Platinum 20 Month Purchase Mastercard review April 2019

TSB Platinum 20 Month Purchase Mastercard
TSB Platinum 20 Month Purchase Mastercard

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

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%.

Key details

IssuerTSB
NetworkMastercard
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
Annual/monthly fees£0
Balance transfer fee2.95% for 3 months reverting to 3%
Foreign usage charge (EU)2.95%
Foreign usage charge (rest of world)2.95%
Cash advance fee3% (min. £3)
Late payment fee£12
Exceeding limit fee£12
Additional card fee£0
Dormancy fee£0
Minimum Age18
AvailabilityAvailable to new customers
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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How does this card compare with other similar cards on the market?

Comparison ordered by representative APR with affiliated products shown first.
Updated April 21st, 2019
Name Product Purchases Balance transfers Annual/monthly fees Rep. APR Incentive Representative example
0% for 20 months reverting to 19.9%
0% for 20 months reverting to 19.9%
£0
19.9%
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).
0% for 18 months reverting to 22.9%
N/A
£0
22.9%
Earn 1 Membership Rewards® point for every £1 spent.
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).
0% for 28 months reverting to 20.95%
0% for 28 months reverting to 20.95%
£0
20.9%
Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 2 Nectar points per £1 spent on Sainsbury's shopping and fuel. Earn 1 Nectar point for every £5 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 20.95% (variable) p.a., your representative rate is 20.9% APR (variable).
0% for 20 months reverting to 19.95%
0% for 20 months reverting to 19.95%
£0
19.9%
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).
0% for 3 months reverting to 19.95%
0% for 29 months reverting to 19.95%
£0
19.9%
Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 2 Nectar points per £1 spent on Sainsbury's shopping and fuel. Earn 1 Nectar point for every £5 spent elsewhere.
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).
0% for 3 months reverting to 20.95%
0% for 22 months reverting to 20.95%
£0
20.9%
Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 2 Nectar points per £1 spent on Sainsbury's shopping and fuel. Earn 1 Nectar point for every £5 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 20.95% (variable) p.a., your representative rate is 20.9% APR (variable).
0% for 27 months reverting to 20.95%
0% for 3 months reverting to 20.95%
£0
20.9%
Earn 750 bonus Nectar points each time £35 or more spent on Sainsbury's shopping, up to ten times in your first 2 months, up to a total of 7,500 points, offer available for new customers. Earn 2 Nectar points per £1 spent on Sainsbury's shopping and fuel. Earn 1 Nectar point for every £5 spent elsewhere.
Representative example: When you spend £1,200 at a purchase rate of 20.95% (variable) p.a., your representative rate is 20.9% APR (variable).

Compare up to 4 providers

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 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.

*Disclaimer: The offers compared on this page are chosen from a range of products finder has access to track details from and is not representative of all the products available in the market. Unless indicated otherwise, products are displayed in no particular order or ranking. The use of terms "Best", "Top", "Cheap" including variations, are not product ratings and are subject to our terms of use. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.

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2 Responses

  1. Default Gravatar
    YasminMarch 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?

    • finder Customer Care
      JhezelynMarch 13, 2019Staff

      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.

      Regards,
      Jhezelyn

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