In this review, we assess the TSB Platinum Purchase credit card, one of a selection of cards that offers an impressive interest-free period for both balance transfers and purchases, with no monthly fee.
Key facts about the TSB Platinum Purchase credit card
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Best for: Those looking for a good introductory offer and who aren't bothered by the lack of perks
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Introductory offer: Interest-free for up to 15 months on both balance transfers and purchases
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Representative APR: 22.9%
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Fees: 1.45% balance transfer fee for the first 90 days, then 5%
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Perks: No specific benefits or perks
Pros of the TSB Platinum Purchase credit card
- An equally impressive period of up to 15 months for both balance transfers and purchases, useful if you have existing debt but also need to continue spending.
- There are no monthly fees.
- Minimum £500 credit limit one of the better offers on the market.
Cons of the TSB Platinum Purchase credit card
- The length of the introductory fee is subject to status and you might not be offered the full 15 months
- The 1.45% balance transfer fee may be a factor if you have a larger sum to move over, especially once it rise to 5% after 90 days
- It doesn't offer some of the perks that are available with other cards, such as discounts or cashback offers
How to manage your payments on the TSB Platinum Purchase credit card
You can manage your account through TSB's mobile banking app or in TSB branches.
How to find out which credit card is best for you
Money to the Masses has partnered with Creditec* to help find the best credit card for you. By entering a few basic details, you will be able to see a tailored list of the best credit cards based on your individual circumstances. You can sort your results by the feature that interests you most, such as by card type, total fees or cashback offered. On top of this, the credit cards that have been pre-approved for you will be highlighted, meaning you can be more confident that you will be accepted if you apply. (Pre-approval does not guarantee acceptance and is still subject to additional lender checks). Your details will be used to conduct a soft credit search often referred to as an eligibility check, which means your credit score will not be affected. Click on this link to get started*.
How to apply for the TSB Platinum Purchase credit card
There isn't an eligibility checker, so read the criteria carefully on the website before completing the online application. Alternatively, you can apply at a TSB branch.
Alternatives to the TSB Platinum Purchase credit card
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