Low Rate Mastercard
11.95 % p.a.
Purchases & cash advances
Interest rate for purchases and cash advances.
$20 annual card fee.
Important notice for Mastercard customers travelling to Cuba
Mastercard credit and debit cards are currently unable to be used for purchases or cash withdrawals in Cuba due to changes affecting card payment services in the country.
If you're planning to travel to Cuba or are currently there, make sure you have alternative payment options available.
If you have questions or need help, please call us on 0800 872 226 or +64 6 968 3700 (if calling from overseas).
Our Low Rate Mastercard
- Low interest rate
Our lowest credit card interest rate on purchases and cash advances, at 11.95% p.a.1. An option to consider if you sometimes carry a balance.
- Up to 55 days interest‑free
Pay your statement balance in full by the due date and you won’t pay interest on purchases2.
- Easy ways to pay
Tap to pay with Apple Pay3 or Google Pay4, or shop online and overseas wherever Mastercard is accepted.
- Built‑in security
Shop with confidence knowing Mastercard’s Zero Liability Promise5 helps protect you against unauthorised transactions.
Everyday insurance cover that comes with your card
Price Protection
If the price drops on something you bought on your card within 30 days of purchase, you could get the difference back6.
Purchase Protection
Accidents happen - even to your brand new things. Get up to 180 consecutive days cover for accidental damage or theft for certain purchases bought on your card6.
Mobile Phone Protection
You could be covered for accidental damage or theft if you pay your monthly bill or prepaid top-up for the preceding month using your card6.
Balance Transfer for 6 Months
Get 0% p.a. interest for 6 months on balances transferred from another bank credit card or selected store card.
Balance transfer terms apply. Any unpaid balance transfer amount at the end of the 6-month period will be treated as a purchase from that date and the purchase interest rate will apply.
Interest rates and fees
| Annual card fee | $20 | ||
| Additional card | $5 p.a. | ||
| Interest rate for purchases and cash advances | 11.95% p.a. | ||
| Foreign currency conversion fee | 1.9% | ||
| Balance Transfer offer | 0% for six months | ||
| Credit limit | $500 - $30,000 |
Other fees and interest rates apply. See TSB Credit Mastercard rates, fees and agreements for more detail.
Managing your card
Manage your card with online banking and the TSB mobile app.
With online banking and the TSB mobile app you can make payments, keep track of your spending and check your balances, all from your mobile, tablet or desktop. You can also use the Card Manager tool to set a PIN, block/unblock/cancel your card and order a replacement.
Get help with your card
Has something gone wrong with your card? Learn how to block a misplaced card, report it as lost or stolen, and dispute any transactions.
Apply online for a Low Rate Mastercard
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The application will take approximately 15-20 minutes to complete.
To apply for a credit card, you'll need to make sure you:
- Are 18 years of age or over.
- Receive a regular income of $18,000 or more per year (after tax).
- Are either a New Zealand citizen living in New Zealand, or resident visa holder living in New Zealand.
- Are not bankrupt and have not had any insolvency action taken against you.
- Can meet our lending criteria and have a good credit history.
- Have your bank statements and proof of income handy.
We’ll handle all information you provide us in accordance with our Privacy Notice and the Privacy Act 2020.
All about our credit cards
Check out the key things you should know about how our personal Mastercard credit cards work before you apply.
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Important information
- Different interest rates apply to balance transfers. We can change our interest rates and fees from time to time.
- Up to 55 days interest free credit for purchases when you pay the closing balance of your statement in full each month by the due date. Purchases doesn’t include cash advances or balance transfers.
- The TSB Apple Pay Conditions of Use apply when you use your card in Apple Pay.
- The TSB Google Pay Conditions of Use apply to Google Pay, see Google Pay for more information.
- For details on Mastercard’s Zero Liability promise visit mastercard.co.nz/zeroliability.
- Mobile Phone Protection Insurance, Purchase Protection Insurance and Price Protection Insurance are underwritten by AIG Insurance New Zealand Limited (“AIG”). AIG, TSB or Mastercard do not provide financial advice about the insurance. TSB Credit Mastercard Insurance Terms and Conditions sets out the details of what is covered, claims limits, what is not covered, and eligibility to help you determine if the insurance is right for you. The Insurance (Prudential Supervision) Act 2010 requires licensed insurers to have a current financial strength rating that is given by an approved rating agency. AIG Insurance New Zealand Limited has an A+ (Strong) insurer financial strength rating given by Standard & Poor’s (Australia) Pty Ltd. The rating scale, in summary form is:
AAA Extremely Strong BBB Good CCC Very Weak SD Selective Default
AA Very Strong BB Marginal CC Extremely weak D Default
A Strong B Weak C Regulatory Action NR Not Rated
The rating from 'AA' to 'CCC' may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the major rating categories. A full description of the rating scale is available on Standard & Poor’s website.
The terms and conditions for the TSB Low Rate Mastercard are set out in Credit Mastercard Conditions of Use, Credit Mastercard Fees Information and your card summary.
Mastercard and the Circles design are registered trademarks of Matercard Interntional Incorporated.
Apple Pay, Apple Wallet, iPhone and Apple Watch are trademarks of Apple Inc., registered in the U.S. and other countries.
Android and Google Pay is a trademark of Google LLC.