Tell me more about the cards
You get a little bit of everything with each of the TSB cards so it’s important to work out what the main thing is that you want. If you know you’ve got some big purchases to make, then the 20-month purchases card will give you 20-months interest free – which is great for spreading the cost of things at no extra charge. You’ll also get up to 20-months on balance transfers as long as you move those balances across within 90 days of getting the card – but there is a 2.95% transfer fee for doing that.
However, if your main concern is moving an existing balance onto a card, then take a look at the Platinum 28-month balance transfer card. You won’t be charged any interest on transfers made for the first 28-months so long as you transfer it within the first 90 days. The transfer fee is also just 0.50% compared to the Platinum 20-month card. The 28-month card will also give you 0% on new purchases for three months.
If you’re after a straightforward, low interest rate card then TSB offer what they call the Advance MasterCard. The APR on this card is representative 7.9%* (variable) compared to the two Platinum cards which (once the introductory offers have passed) are representative 18.9%* (variable).
The Advance MasterCard will also give you three months of zero interest on new purchases and it also offers free balance transfers (made within 90 days of opening the accounts). So, if you’re after a good all-rounder with a consistently low interest rate then this might be for you.
Bear in mind that the APRs mentioned are the ‘representative’ rates. All this means is that they’re the rates reserved for those with the very best credit ratings; the APR that is offered to you, will depend on your own circumstances. The good news is that none of the TSB credit cards charge an annual fee.