TSB Visa Classic credit card review for Kiwis, $30 annual fee and 0% balance transfers
Straightforward TSB Visa Classic credit card review for Kiwis: $30 a year, 0% balance transfers for six months and up to 55 days interest‑free on purchases
Quick overview of the TSB Visa Classic credit card
The TSB Visa Classic credit card is a straightforward, low-cost option for Kiwis who want essential credit features without fluff. With an annual fee of just $30 and basic Visa acceptance, it suits everyday spending and simple credit management.
This card gives up to 55 days interest-free on purchases if you pay your balance in full each month, plus a 0% balance transfers offer for six months. For New Zealanders looking to consolidate debt or avoid high fees, the TSB Visa Classic credit card is worth a close look.
Fees, rates and the balance transfer deal
The annual fee is $30 per year, charged as $15 every six months, keeping ongoing costs low. The purchase rate is 18.50% p.a., and cash advances carry the same rate, so carrying a long-term balance is expensive.
Where this card stands out is the 0% balance transfers offer for six months. If you move an existing outstanding balance onto the TSB Visa Classic credit card and clear it within that window, you can save on interest and manage repayments more effectively.
Pros and cons for everyday Kiwi use
Pros include the low annual fee, widely accepted Visa network across New Zealand and overseas, and the six-month 0% balance transfers window. The up to 55 days interest-free period on purchases helps with short-term cashflow for households and solo workers.
On the flip side, the 18.50% purchase rate is higher than some reward or premium cards, and there is no rewards programme or travel insurance bundled. If you chase points or perks, the TSB Visa Classic credit card might feel too basic.
Who should apply and how to get started
The TSB Visa Classic credit card is ideal for budget-conscious Kiwis, students and anyone wanting a low-fee card to manage debt or short-term purchases. Applicants should be 18 or older, a New Zealand citizen or resident and meet the bank’s income and credit checks.
Applying is straightforward via TSB’s website or in-branch. Gather ID, proof of address and income (minimum income guidelines typically apply), then compare alternatives so you pick the best balance transfer timing and credit limit for your needs.
