What are the cashback changes on the TSB Platinum Mastercard?
From 18 August 2026, cashback rewards will be earned at a rate of $1 per $125 on eligible purchases.
The maximum cashback you can earn per month will be $60. You'll reach this after $7,500 of eligible spend per month.
Why are we making these changes?
Cashback rewards are funded in part by interchange fees – the fees paid when you use your credit card to make purchases. Industry changes have reduced these fees over recent years, increasing the cost of providing cashback rewards.
We're making this change to help ensure we can continue offering a cashback programme, alongside the other valuable benefits that come with your TSB Platinum Mastercard, into the future.
What's staying the same?
While the cashback earn rate is changing, your TSB Platinum Mastercard still offers a great range of valuable features and benefits.
- Your complimentary travel insurance cover isn't changing - up to 90 days of cover for both domestic and international travel
- Your card still has built-in everyday insurance cover for price protection, mobile phone cover and purchase protection.
- You'll continue to receive cashback payments every month.
There's also no change to the annual fee or interest rates. All your other Platinum Mastercard features and benefits remain the same - you can read more about them on our website.