Are you looking for a credit card with low interest rates and flexibility for purchases and balance transfers?
The TSB Advance Credit Card has a 12.9% APR and 0% interest on purchases and balance transfers!
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TSB Advance Credit Card offers key benefits, such as interest-free periods, manageable repayment terms, and competitive ongoing rates, helping you keep costs down while managing spending.
Below are the main benefits of the TSB Advance Credit Card and why it may be the right choice for you.
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Advantages and Disadvantages of the TSB Advance Credit Card
Let’s break down the main pros and cons of the TSB Advance Credit Card.
Pros
- 0% Interest on Purchases and Balance Transfers: The TSB Advance Credit Card offers 0% interest on purchases for the first three months, allowing you to immediately spread the cost of big purchases without accruing interest. Balance transfers made within 90 days of account opening also come with 0% interest and no fees during this period.
- Low Ongoing APR: After the introductory period, the card charges a 12.9% APR—one of the lowest in the UK market—making it affordable if you occasionally carry a balance.
- No Balance Transfer Fees in the First 90 Days: This card is an excellent choice for those looking to consolidate existing debt. The 0% balance transfer fee for the first 90 days allows you to transfer balances from other cards without additional costs.
- Digital Wallet Integration: The card is compatible with Apple Pay, Google Pay, and Samsung Pay, making it convenient for contactless payments and ensuring it keeps up with modern spending habits.
Cons
- Limited rewards: No cashback or points accumulation may deter some users from seeking added perks.
- Balance transfer fee after 90 days: A 5% fee applies to balance transfers made after the introductory period, which could be a drawback for those needing extended debt consolidation periods.
- Short introductory period: The 0% interest period is only for the first three months, whereas some competitors offer longer 0% APR periods.
- Foreign transaction fee: A 2.95% foreign transaction fee applies, making it less suitable for frequent travellers.
To be eligible, you must be a UK resident over 18 years old with a good credit history. The bank will assess your credit score and financial situation before approving the card.
You can transfer existing credit card balances to the TSB Advance Credit Card within 90 days of account opening. There’s no transfer fee for the first 90 days, and you’ll benefit from 0% interest during this time. After 90 days, a 5% fee applies, and standard interest rates begin to apply.
Applications can be made online through the TSB website. The application is straightforward and typically takes 10-15 minutes to complete. You’ll receive an instant decision, and if approved, your card should arrive within 5-7 business days.
Final Thoughts
The TSB Advance Credit Card is ideal for UK consumers prioritizing low interest rates over flashy rewards.
With a 12.9% APR, 0% interest on purchases and balance transfers for the first three months, and no balance transfer fee flexibility in the initial period, it’s a great option for managing everyday spending or consolidating debt.
However, other cards may offer more appealing perks for those looking for long-term rewards or frequent travel benefits.
The Barclaycard Platinum Card is also worth considering
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