TSB Low Rate Mastercard NZ 9.95% p.a. low-interest credit card with mobile, price and purchase protection

TSB Low Rate Mastercard overview for Kiwis

The TSB Low Rate Mastercard is a practical, low interest credit card aimed at New Zealanders who want to keep borrowing costs down. With a headline rate of 9.95% p.a. on purchases and cash advances, the TSB Low Rate Mastercard stands out as one of the more affordable options in NZ for everyday spending and occasional balances.

This low interest credit card also offers up to 55 interest-free days on purchases and a balance transfer promotion of 0% for the first six months, making it useful if you need short-term relief from higher-rate cards. The modest $20 annual fee keeps ongoing costs low for regular users.

Insurance protections and added security

One reason Kiwis pick the TSB Low Rate Mastercard is the suite of insurance protections. Cardholders get Mobile Phone Insurance, Price Protection Insurance and Purchase Protection Insurance for items bought with the card, typically covering theft or accidental damage for up to 180 days.

Beyond insurance, the card includes fraud monitoring and zero liability for unauthorised transactions, along with emergency card replacement if you travel within NZ or overseas. These safety features pair well with the low interest structure for peace of mind when shopping online or in-store.

Fees, rates and how to apply

The headline rate of 9.95% p.a. applies to purchases and cash advances, and the $20 annual fee makes this one of the cheapest full-featured cards for Kiwis who prioritise cost. Keep an eye on other fees such as late payment charges or foreign transaction fees if you use the card overseas.

Applying is straightforward through the TSB website or branch: you’ll need ID, proof of income and to meet eligibility criteria. Review the full terms and the current rates and fees on TSB’s site before you apply so there are no surprises.

Who should choose the TSB Low Rate Mastercard and how to maximise value

This card is ideal for New Zealanders who want a low interest credit card rather than rewards points or premium perks. If you occasionally carry a balance, or plan a balance transfer to save interest, the TSB Low Rate Mastercard keeps costs predictable while still offering handy protections for purchases and devices.

To get the most from the card, pay balances within the 55-day interest-free window when possible, use the balance transfer promotion for planned big purchases, and set up alerts in TSB’s online banking. That way you enjoy the low 9.95% p.a. rate without paying unnecessary fees and keep your credit healthy in NZ.