TSB Platinum Purchase credit card UK, 15 months interest-free on purchases and balance transfers with no monthly fees

Overview

The TSB Platinum Purchase credit card is a straightforward option for UK residents looking to benefit from an extended interest-free period on both purchases and balance transfers. With up to 15 months interest-free, the TSB Platinum Purchase credit card makes it easier to spread the cost of big spends or to consolidate existing credit without immediate interest piling up.

This card targets savers and planners rather than reward hunters: there are no flashy perks, but there are no monthly fees either, and a representative APR sits at 22.9%. If your priority is reducing interest costs while keeping fees low, the TSB Platinum Purchase credit card is worth a close look.

Key features and fees

Key selling points include the dual 15-month interest-free offer for purchases and balance transfers, an initial balance transfer fee of 1.45% for the first 90 days and then 5% thereafter, and a minimum credit limit of £500. The TSB Platinum Purchase credit card clearly states the representative APR so you know the long-term cost if you carry a balance after the introductory period.

There are no monthly account fees and access to TSB’s online and mobile banking makes account management easy. Always check the small print on balance transfer timings to avoid the fee increase after 90 days and to ensure you complete transfers within the promotional window.

Pros and cons

The main advantages of the TSB Platinum Purchase credit card are the long interest-free period on both purchases and balance transfers and the absence of monthly fees, which helps keep ongoing costs down. For anyone needing to spread a large purchase or tackle several credit balances, this card delivers clear, practical value.

On the flip side, the card lacks rewards, cashback or travel perks, and the balance transfer fee rises from 1.45% to 5% after the initial 90 days, which can be costly if transfers aren’t completed promptly. Additionally, the representative APR of 22.9% means any carried balance after the introductory term can become expensive.

How to apply and manage

Applying for the TSB Platinum Purchase credit card is straightforward via the TSB website or by popping into a branch if you prefer face-to-face help. Make sure you meet eligibility criteria and use a soft search comparison service first to check likely acceptance without harming your credit score.

Once approved, manage the card through the TSB Mobile Banking app to set alerts, make payments and track spending on the go. To make the most of the 15 months interest-free, prioritise clearing transferred balances before the promotional period ends and avoid new borrowing that you can’t repay within the term.