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TSB Low Rate Mastercard helps Kiwis keep more cash, 9.95% p.a., 55 interest-free days and insurance protections

Keep more cash in your pocket with TSB Low Rate Mastercard, 9.95% p.a., up to 55 interest‑free days, a $20 annual fee and solid insurance cover

Why Kiwis choose the TSB Low Rate Mastercard

TSB Low Rate Mastercard is built for Kiwis who want to keep more cash in their pocket. With a fixed 9.95% p.a. on purchases and cash advances, this low interest credit card stands out across New Zealand for everyday spending and for those times you need to carry a balance.

The card suits people who prefer lower costs over flashy rewards. The $20 annual fee and up to 55 interest-free days make the TSB Low Rate Mastercard a practical choice for families, tradespeople and anyone wanting to avoid high interest charges on their credit card balance.

Low interest, interest-free days and balance transfer offers

At 9.95% p.a., the TSB Low Rate Mastercard keeps borrowing costs down compared with many standard cards in NZ. You also get up to 55 interest-free days on purchases when you pay your statements on time, which helps manage cashflow across the month without accruing interest.

For those moving debt around, the card often includes a promotional 0% balance transfer for the first six months. That feature, combined with the low ongoing rate, makes the TSB Low Rate Mastercard an attractive option for paying off higher-rate credit balances sooner.

Insurance protections that matter in New Zealand

The TSB Low Rate Mastercard includes purchase protection, price protection and mobile phone insurance, which are especially relevant for kiwi shoppers. Purchase protection covers new items bought on the card against theft or accidental damage for 180 days, giving peace of mind on gadgets and appliances.

Price protection helps you get the best deal if the price drops soon after purchase, and mobile phone cover helps with repair or replacement costs if your phone is damaged. These built-in protections add value that offsets the modest $20 yearly fee.

How to get the most from your TSB Low Rate Mastercard

Use TSB’s online banking and mobile app to track spending, set alerts and make sure you clear the balance within the 55 interest-free days. Paying the statement in full avoids interest altogether and leverages the card’s low-rate structure to your advantage.

Keep an eye on fees and eligibility criteria, and consider the 0% balance transfer to consolidate higher-rate debt. For Kiwis who want a reliable, low-cost credit card with solid insurance benefits, the TSB Low Rate Mastercard is worth comparing when choosing your next credit card.