Cash Back Credit Card (TSB Bank/$1 Cash Back Per $70 Spend)

4gbnkz on 17/03/2023 - 10:51
Last edited 17/03/2023 - 11:01

Hey Team,

Anyone seen this card or use it?

TSB Bank
Platinum MasterCard
Minimum $8k Limit
$1 cash back per $70 spend

https://www.tsb.co.nz/accounts-and-cards/cards/platinum-mast…

Would love some feedback and pros and cons.

Cheers

General Discussion

Related Stores

tsbbank.co.nz
tsbbank.co.nz

Comments

  • Amosbosshogdog on 17/03/2023 - 13:05
    +2

    Arguably the best value (overall) rewards credit card on the market, just applied for one today.

  • netwalk on 17/03/2023 - 13:08
    +1

    Looks a good deal!

    Up until recently I thought my ANZ Cashback Platinum card offered a good deal but it now has an annual fee of $80 with a reduced cashback rate of $1 per $120 spend. With this TSB card and it's $90 fee on an annual spend of $60,000 I'd be $340pa better off.

    The potential deal breaker for me personally is that it doesn't look like the TSB card supports Apple Pay. I'm so used to Apple Pay now with my ANZ card I'm not sure I could give it up, even for $340pa :(

    • doubledippps on 17/03/2023 - 13:19

      $60k ÷ 70 it would be $857/annual?

      • netwalk on 17/03/2023 - 15:13
        +1

        Sorry, in comparison to my ANZ Cashback Platinum I'd be $340pa better off with TSB.

        ANZ - $60,000 / $120 = $500 - $80 fee = $420 net
        TSB - $60,000 / $70 = $857 - $90 fee = $767 net

        • Martz5 on 18/03/2023 - 15:33
          +2

          Just to add my 2c in comparison using the above figures.
          I have a BNZ advantage platinum card earning flybuys and the calculation works out to be.

          $60,000 / $15 = 4000 flybuys. Converted to fuel discount = 3000 cents off per litre. Assuming max fill of 50L when used = $1500 discount off fuel - $90 fee = $1410 fuel discount over the year at Z/Caltex

  • akhmed on 17/03/2023 - 13:35
    +7

    I use two cashback cards

    • SBS credit card: $1 for every $150 spent / "no annual card fee"
    • Dosh card: $1 for every $100 spent / "no annual card fee"

    I tend to go for cards where there is no card fee at all.
    Bcoz then I would tend to spend more just to get the "benefit" of the card after paying the annual fee.

    • CJ on 18/03/2023 - 09:43
      +1

      Just to add, ASB VISA LITE, no annual fee, 6m int free, no cashback. Not debit card like Dosh.

  • Zyo on 17/03/2023 - 14:16
    +1

    Currently with BNZ and moving to TSB for this

  • justaddwater on 17/03/2023 - 15:58
    +2

    that's better than Dosh!!

    time to take their claim of best cashback to comcom?

  • Gorak on 18/03/2023 - 07:40
    +1

    Joined TSB last month (mainly for their mortgage rate) have the credit card and its better rewards than my old ASB one

    So far no issues.

  • Wakrak on 18/03/2023 - 08:11
    +2

    Might be worthy of a deal post OP

  • magicmarker on 19/03/2023 - 14:12

    In the same boat. Moved over from anz to TSB 2 weeks ago. Domestic insurance is a bonus too!

    • mr-deal on 19/03/2023 - 14:19

      On-boarding process was a bit of a pain and the App is very basic. Otherwise it has been good so far.

      • lijulia on 01/05/2023 - 09:36

        Hi, how long did it take to process from online application to issue you the credit card?

  • spam on 06/06/2023 - 17:35

    I seemed to either get rejected or not able to apply. After clicking submit I seemed to get the automated message of not proceeding with the application and to call the number?
    Forgot to take screenshot but does anyone have similar experience?

    Wanting to move from ANZ platinum since they're no longer competitive

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