TSB Low Rate Mastercard

The basics

• Additional cardholders. You can get additional cardholders on this card for $5 p.a. per card.
• Digital wallets. This card supports Google Pay.
• Gambling transactions. Gambling transactions are not permitted with this card.

Rewards and benefits

• Complimentary travel insurance. The TSB Low Rate Mastercard does not come with complimentary international travel insurance.
• Concierge services. No credit card concierge service is available, which is not surprising given the card's value proposition.
• Insurances. This card comes with price protection, purchase protection, and useful mobile phone protection insurance coverage against accidental damage or theft of your eligible mobile phone (the card must have been used to pay a post-paid monthly bill or prepaid top-up).
• Rewards points. This credit card does not have a rewards program.
• Sign up bonus. There is no sign up bonus for this card at this time.

Rates and fees

• Annual fee. There is an ongoing annual fee of $20 p.a. for this card. That's quite low compared to others in this class.
• Balance transfers. This card does not offer a balance transfer offer.
• Cash advances. It's 9.95% p.a. for a cash advance with interest accruing from the transaction date. There will be an additional one-off cash advance fee.
• Foreign exchange fee. All purchases made in a foreign currency will incur a 1.90% fee. This is marginally lower than average.
• Interest-free period. The TSB Low Rate Mastercard comes with an interest-free period of up to 55 days on purchases, excluding cash advances. Interest-free days are only in effect when the previous balance or minimum required payment has been paid.
• Purchases. There is no introductory offer on purchases, meaning the ongoing rate of 9.95% p.a. will be applied. This rate is one of the lowest on the market.