TSB Platinum Mastercard

The basics

• Additional cardholders. Each supplementary cardholder costs $5 p.a.
• Digital wallets. This card supports Google Pay. Apple Pay and Samsung Pay are not supported.
• Gambling transactions. Gambling transactions are treated as cash advances.

Rewards and benefits

• Complimentary travel insurance. Comes with complimentary domestic and international travel insurance so long as at least 50% of the ticket price is paid for with the card. Terms and conditions apply.
• Concierge services. The TSB Platinum Mastercard does not come with a concierge service.
• Insurances. This card comes with purchase protection against theft or accidental damage for 180 days from the purchase date. Additionally, mobile phone protection protects against accidental damage or theft when the card has been used to pay the monthly phone bill. Terms and conditions apply.
• Rewards points. Earn $1 per $70 (equivalent to 1.43%) spent on eligible purchases with no limit.
• Sign up bonus. There is no sign up bonus on offer for new customers.

Rates and fees

• Annual fee. TSB charges an annual fee of $90 p.a.
• Balance transfers. This card currently has no promotional balance transfer offer. Ongoing balance transfer rates are also not transparent and may vary.
• Cash advances. Cash advances are charged at 22.95% p.a. Interest begins to accrue immediately. A one-off cash advance fee will be charged separately.
• Foreign exchange fee. This card charges a 1.90% fee for purchases made in a foreign currency, either overseas or online. That rate is slightly lower than the average.
• Interest-free period. Take advantage of up to 55 days interest-free on purchases (excluding cash advances) when you have paid your previous balance in full or made the minimum required payment.
• Purchases. The ongoing rate of 20.95% p.a. for purchases will be applied. This rate is about average for a credit card with rewards.