Teachers Mutual Bank Credit Card

Teachers Mutual Bank Credit Card

4.0

Balance transfer

6 months at 7.9% p.a.

Purchase rate

6 months at 7.9% p.a.

Interest-free days

Up to 55 days on purchases

Annual fee

$0.00 p.a. ongoing

Highlights

  • Take advantage of an introductory rate of 7.90% per annum on both balance transfers and purchases, reverting to 11.50% per annum thereafter.
  • Benefit from a lifetime exemption from annual fees.
  • Credit limits ranging from $1,000 to $25,000 are available. Enjoy up to 55 days with no interest charges.

Pros and cons

Pros

  • No annual fee for the life of the account.
  • Introductory offers on purchases and cash advances at 7.90% for 6 months.
  • Low ongoing rate for cash advances and purchases.
  • Additional cardholders at no extra cost.

Cons

  • No rewards program.
  • Introductory balance transfers are not interest-free.

About this credit card

Basics

Card usage

Apple Pay Enabled
Yes
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes

Eligibility

Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Good
Minimum Income
N/A
Temporary Residents Accepted
No

Additional cardholders

Additional Cardholders
4
Additional Card Fee Ongoing
$0.00

Credit limits

Minimum Credit Limit
$1,000.00
Maximum Credit Limit
$25,000.00

Repayments

Interest Charged From
Purchase Date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
3%

Balance transfers

Balance transfer offer

Balance Transfer Rate
7.9%
Balance Transfer Period
6 months
Balance Transfer Fee Percentage
0%

Balance transfer conditions

Balance Transfer From Personal Loan
Yes
Balance Transfer Limit Percentage
100%
Balance Transfer Revert Rate
11.5%

Rates, fees, charges

Cash advances

Cash Advance Rate
11.5% p.a.
Cash Advance Fee
$4.50
Cash Advance Fee Percentage
N/A
Cash Advance Fee Threshold
N/A

Purchases

Purchase Rate Introductory Offer
7.9%
Purchase Rate Introductory Period
6 months
Purchase Rate Ongoing
11.5% p.a.

Account fees

Annual Fee Initial Year
N/A
Annual Fee Ongoing
$0.00
Dishonour Fee
$8.00
Duplicate Statement Fee
$7.00
Foreign Exchange Fee Percentage
2.9%
Late Payment Fee
$10.00

Rewards

Rewards program basics

Rewards Program
N/A
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
N/A
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
N/A

Additional perks

Insurance

Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
No
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No

Travel and lifestyle

Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
N/A

Our review

Convenience

Customer service

Rates and fees

Rewards

Trust

account

Reviewed by Credit Card Compare Staff

History

    User reviews

    Convenience

    Customer service

    Rates and fees

    Rewards

    Trust

    Excellent range of services

    Reviewed by Christine

    Positive recommendation with this card

    Reviewed by Cat

    Excellent customer service

    Reviewed by Emma

    Fine, no frills card

    Reviewed by Nick

    Value for money, great service

    Reviewed by Kellie

    No fee and no rewards temptation

    Reviewed by Anne

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    As seen on

    Media - The Sydney Morning Herald
    Media - Yahoo Finance
    Media - News.com.au
    Media - Daily Mail Australia
    Media - Australian Fintech
    Media - Dynamic Business