This was posted 1 year 8 months 4 days ago, and might be an out-dated deal.

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TSB Platinum Mastercard: $1 Cashback with every $70 Spent, $90 Annual Card Fee, $8000 Min. Credit Limit

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TSB Platinum Mastercard: $1 Cashback with every $70 Spent, $90 Annual Card Fee, $8000 Min. Credit Limit
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4gbnkz on 18/03/2023 - 12:02 tsb.co.nz (603 clicks)
Last edited 18/03/2023 - 17:24 by 1 other user

Hi Team,

Posted on the forums but I think this might be worthy of a deal as Wakrak and a few others pointed out.

Unsure how long this is for but so far the best cash back offer for credit card in NZ.

TSB Platinum Mastercard

  • $90 annual card fee
  • 20.95% p.a interest rate for purchases1
  • 22.95% p.a interest rate for cash advances
  • $8,000 minimum credit limit
  • Spend less time at the checkout, simply tap & go for purchases under $2007.
  • Protection from fraud with Mastercard’s Zero Liability2 promise.
  • Price Protection5; You may be reimbursed for the price difference if you find a lower price for new items purchased for personal use, using your card.
  • Access to Priceless® experiences: use your card to access a range of Mastercard cardholder offers and experiences. 3

  1. Different interest rates apply to balance transfers. We can change our interest rates and fees from time to time. ↩

  2. For details on Mastercard’s Zero Liability promise, visit mastercard.co.nz/zeroliability ↩

  3. Priceless experiences are subject to terms and conditions at www.priceless.com/terms/en_NZ ↩

Financial Credit Card MasterCard

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closed Comments

  • IvInoh on 18/03/2023 - 12:10
    -2

    So about $113 ish crash back in total…

    • coach on 18/03/2023 - 16:49
      +2

      If you spend $8000. You can spend more or less, but your credit limit has to be a minimum of $8000.

  • Stoffel on 18/03/2023 - 12:39
    +1

    Thanks. Have been thinking of switching from Westpac since they dropped the earning rate on their cards

  • Zyo on 18/03/2023 - 12:58
    +4

    Note that this card also comes with 800 dollars worth of annual accidental phone damage coverage (if you pay mobile plan with it)

    • Rabid on 18/03/2023 - 13:02
      +1

      Thats the most valuable part of this entire deal

    • User2038 on 18/03/2023 - 15:51
      +1

      What's the excess? And when you say plan, do you mean paying off the phone?

      • coach on 18/03/2023 - 16:40
        +1

        Excess is $55 and it applies to "on the first day of the calendar
        month following the payment of your postpaid monthly mobile phone bill or
        prepaid top-up using your eligible card." Whatever that means.

  • NZ Buc on 18/03/2023 - 14:10
    +1

    Like the forum post, planning to move from anz cashback to this due to much better reward rate

  • godcomplex on 18/03/2023 - 14:18
    +2

    Great deal! Noticed they didn't have Apple pay though :(

    • thats mum life on 20/03/2023 - 21:08

      Can you use google pay on an Apple Watch or iPhone?

      • coach on 24/03/2023 - 12:08

        No

  • jackvdbuk on 18/03/2023 - 14:39
    +1

    The fee makes it not worth it for me, amex do 100 spend for 1 airpoints, zero fee but not accepted widely..

    I'd have to spend 6300 per year just to cover the card fee on this card. So worth it of you spent a lot on a card

    • Stoffel on 18/03/2023 - 14:47
      +2

      You're doing very well if you are spending less than $525 per month

      • doubledippps on 18/03/2023 - 15:15

        Can i pay council rates, power, internet with credit card? Is there a fees occurs? Is there a way to pay mortgages with credit card?

        • Stoffel on 18/03/2023 - 15:35

          Most of those have fees. I pay power and internet with card

          • Dunno on 18/03/2023 - 21:34

            @Stoffel: Are you paying more than 1.4% premium for using creditcard over direct debit?

            • Stoffel on 18/03/2023 - 22:06

              @Dunno: Nope. My broadband is with Slingshot and they don't charge a card fee. I use Contact for electricity and they charge a 0.95% card fee but I still come out ahead as I use my AMEX Airpoints Platinum to pay and I'm earning 1 Airpoint Dollars for each $59 spent (or 1.69% back).

              • gooddeals on 19/03/2023 - 09:10
                +1

                @Stoffel: If you pay water (in Auckland), z electric or Vodafone as regular credit payment, there is no credit card fee.

              • felixfurtak on 21/03/2023 - 07:11

                @Stoffel: That's if you assume an Airpoints Dollar is worth $1. It certainly isn't worth that in the overpriced Airpoints Store.

        • simch on 18/03/2023 - 21:20

          Skinny are one of the few without a credit card fee from memory.

        • akhmed on 19/03/2023 - 14:24
          +2

          Yes, I pay AKL Council rates with CC, but you cant do that online or they will charge you fee.
          You need to go to a service desk/library to pay with your CC.

          My quarterly water bill from Veolia also pay at the service desk to avoid the fee.

      • jackvdbuk on 18/03/2023 - 15:41
        +2

        true - but more rather prefer the extra 63 airpoints per year instead of paying TSB :)

        • mr-deal on 19/03/2023 - 10:13

          I got the card and have a upcoming trip, travel insurance was going to cost $300 on it's own. So I will get travel insurance + cash-back within the first month, already 'covering' the yearly fee.

          Mastercard is accepted in more places than AMEX and is not locking someone into using Airpoint dollars.

          TSB low rate card is also a very good offer. Lets hope they keep these offers on-going.

    • phillq on 18/03/2023 - 21:23

      Do what I do and simply send an internet banking message asking to waive the card fees for that half of the year. So simple to get back half a years worth of card fees by spending 2 mins writing a message to the bank.

    • Zyo on 19/03/2023 - 08:05

      With cashback I can use it to pay off my credit card balance then earn an interest with the money that would otherwise be converted to airport and sitting idle not earning anything until I spend them.

  • kinglock on 18/03/2023 - 15:45
    +1

    Where is 0 interest balance transfer deal, I'm running out of cash…

    • simch on 18/03/2023 - 21:19

      this is the way

      • godcomplex on 18/03/2023 - 22:03

        this is the way

    • Squibbly on 19/03/2023 - 20:49

      BNZ conveniently dropped theirs due to the pandemic but have never brought it back grrrr

    • felixfurtak on 21/03/2023 - 07:13

      ASB do 0% for 6 months

  • gooddeals on 19/03/2023 - 09:17

    Thank you. I think I will wait till tsb offers a sign up deal like no fees etc. Every year there are sign up deals from many providers.. The best one from q mastercard a few months ago.
    Kiwibank has the easiest application process if you have an account with them already.

    • mr-deal on 19/03/2023 - 10:16

      The TSB Low Rate Mastercard is decent - especially if someone cannot pay off the full-monthly amount. Only 9.95% PA interest and has some of the Mastercard insurance benefits thrown in (but not travel insurance).

  • pacman04 on 19/03/2023 - 13:23

    Dosh is better

    • Madao on 19/03/2023 - 15:52

      Currently have ANZ cash back card as my secondary card preference. Everything goes on AMEX where possible

      Tempted to switch to TSB but might try Dosh for a bit given no fee and see how I go

      • fdkflanelkfnw on 20/03/2023 - 09:32

        Dosh cash back is only till end of July

        • genesis on 20/03/2023 - 13:04

          Don't think this is true, where did you read that the cash back ends in July?

          • Madao on 20/03/2023 - 15:03

            @genesis: Agree, cant see that anywhere

            • pacman04 on 20/03/2023 - 22:08

              @Madao: Dosh is my primary card. Then Amex when Dosh runs out money :p

              Only use my debit card to top up or pay the credit bills and those don’t take credit card or occur surcharge for credit transactions :)

          • felixfurtak on 21/03/2023 - 07:14

            @genesis: My Dosh card says the 1% cashback deal expires on 31 December

            • genesis on 21/03/2023 - 09:12

              @felixfurtak: Where does it say that? I gave the Dosh team a quick message yesterday and they said there is no end date, and that they would post it up if/when there is an end date

              • felixfurtak on 21/03/2023 - 09:37
                +2

                @genesis: It's in the app under 'Offers'

                Title: Dosh
                Subtitle No airy fairy airpoints, just cash!
                End Date 31.12.2023

  • 3rdman on 21/03/2023 - 13:20

    so far their sign up process is kinda meh.
    let's see how that goes.

  • hungugu on 23/03/2023 - 00:28

    These banks have major issues nowadays….

    I always repay any credit card in full each month for maybe 20 years now. I own my own home plus 3 rental properties with about 35% of the total value mortgaged - of course I have never missed a payment since I bought my first house 15 years ago. Employed full-time in a technical position with a large employer with 6-figure income. I am far from being "rich" but I always think I am comfortable financially.

    Yet my application got declined straightaway. They didn't even need to see my bank statements/expenses.

    What kinda of people can actually get one of these credit cards, I wonder?

    • lasc on 23/03/2023 - 10:25

      maybe worse to check your credit history. I find out that ASB "forget" to close one of my mortgages after 5 years or more.

      • hungugu on 24/03/2023 - 21:35

        They declined my application like instantly after I entered the numbers…..doesn't seem like they had even gotten to the credit check part yet :(

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