Teachers Mutual Bank credit cards

When you rack up a balance on your Teachers Mutual Bank credit card, you’ll have up to 55 days in which to pay it off before you get whacked with interest. This period always starts when your statement cycle does, and not when you make a purchase, so if you hit the shops late in the cycle, you’ll have less than 55 days to pay off your balance interest free.

As well as being low rate, the Teachers Mutual Bank credit card is also a low fee option. There’s no annual or additional cardholder fees in sight. You will have to contend with cash advance and foreign exchange fees though.

The minimum amount you need to pay off your Teachers Mutual Bank closing balance each month is 3%. Maths teachers shouldn't have a problem with that!

For anyone less familiar with their percentages, here’s a handy solution: pay the whole balance off each month instead. Not only does this cut down on the amount of maths you need to do, but it also cuts down on interest and ensures you’ll get to keep your interest free days for the next month too.

This card is a low-cost, low-maintenance option. While that’s great for your wallet, it also means there’s no rewards program attached.

If you’re looking for a card that will let you rack up some freebies and cash in on premium perks, check out all these great rewards cards instead.

Yep! If you’re trying to save money and manage previous credit card debt with a balance transfer offer, then you can do it with your Teachers Mutual Bank credit card.

The catch is that although you’ll get the same low introductory rate on transferred balances as you do on your regular spending, you won’t get a zero interest period to pay off your debts.

Anywhere VISA is accepted, your Teachers Mutual Bank credit card will be too. Just don’t forget to budget for the foreign exchange fees in your travel plans - or, head over to our travel money section and check out a prepaid travel card.

Yes! Your Teachers Mutual Bank credit card is a VISA card, which means you can use it to make contactless payments on VISA’s payWave system.

The most important part of credit card security is being vigilant and keeping an eye on your account. This means:

Be aware of your surroundings when using an ATM. Keep your PIN hidden, and look for damage on the ATM itself that might mean scammers have tampered with the machine

Keep your PIN a secret. Don’t write it down or tell anyone what it is.

Review your credit card statements regularly. Look for any unusual transactions or purchases you don’t remember making and if you find something out of the ordinary, report it to Teachers Mutual Bank straight away.