TSB Low Rate Mastercard 9.95% p.a. low-interest credit card in NZ with insurance cover
TSB Low Rate Mastercard delivers 9.95% p.a., 0% balance transfers for six months, up to 55 interest-free days, a $20 annual fee and mobile, price and purchase insurance, ideal for Kiwis after a genuinely low-interest credit card in NZ
Why Kiwis choose the TSB Low Rate Mastercard
The TSB Low Rate Mastercard is a standout low interest credit card in New Zealand designed for practical day-to-day use. With a headline rate of 9.95% p.a. on purchases and cash advances, it gives Kiwis genuine peace of mind when carrying a balance.
Cardholders who prioritise low interest over flashy rewards find this card especially appealing; the affordability and straightforward features make it a reliable choice for families, students and professionals across NZ.
Key features: 9.95% p.a., 0% balance transfer and insurance
This TSB Low Rate Mastercard offers 0% balance transfers for the first six months and up to 55 interest-free days on purchases, plus an affordable annual fee of $20. Those factors combined help reduce borrowing costs compared with many other cards on the market.
On top of the low rate, the card includes Mobile Phone Insurance, Price Protection and Purchase Protection (covering new items for up to 180 days), which adds real value for shoppers and travellers who want extra cover without extra fuss.
How to apply and what fees to keep in mind
Applying is simple through the TSB website or via their mobile app; you’ll need to meet standard eligibility checks and provide ID and income details. Review the full terms online so you understand interest calculations, fees and insurance conditions.
Besides the $20 annual fee and the 9.95% p.a. rate, watch for late payment fees and cash advance charges which can still apply; always check the current TSB rates and fees page for up-to-date information before you commit.
Tips to maximise this low interest credit card
To get the most from the TSB Low Rate Mastercard, use the 55 interest-free days by paying full balances when possible and reserve the balance transfer offer for consolidating higher-rate debt. Regularly use TSB’s online banking and alerts to avoid missed payments and fees.
If you travel, keep the card as a backup for emergency cash advances and take advantage of the purchase protections when buying gadgets or electronics. Checking prices before and after purchases can also trigger the Price Protection benefits and put money back in your pocket.