8.5/10

Based on 804 Teachers Mutual Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.

Teachers Mutual Bank credit cards

By teachers, for teachers. Teachers Mutual Bank is member-owned and caters to educators, their families and other employees in the education field. Check out its credentials below.

What credit cards do Teachers Mutual Bank offer?

Rates and fees verified as correct at 13 October 2024. Other information correct at the time of writing. Advertiser disclosure.

Low rate credit cards

All those notebooks and sticky notes stretching the budget a little thin sometimes? With a low rate credit card from Teachers Mutual Bank in your pocket, you won’t have to worry. Perfect for those who might forget to make a payment or two, this affordable piece of plastic is a must-see.

Product Purchase rate Balance transfer rate Annual fees Interest free days on purchases

7.90% p.a. for 6 months then 11.50% p.a.

7.90% p.a. for 6 months and then 11.50% p.a.

$0

55

Low fee credit cards

High annual fees are a thing of the past with a low fee credit card option from Teachers Mutual Bank in your pocket! This affordable card is super budget-friendly, so you can avoid getting caught out with an ultra high credit card bill.

Product Purchase rate Balance transfer rate Annual fees Interest free days on purchases

7.90% p.a. for 6 months then 11.50% p.a.

7.90% p.a. for 6 months and then 11.50% p.a.

$0

55

Frequently Asked Questions about Teachers Mutual Bank credit cards

How may interest free days do I get on my Teachers Mutual Bank credit card?

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.

What fees might I be charged?

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.

What’s the minimum repayment amount I must make?

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.

What rewards will I earn with my Teachers Mutual Bank credit card?

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.

Can I use my Teachers Mutual Bank credit card for a balance transfer?

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.

Will my Teachers Mutual Bank credit card work overseas?

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.

Can I use payWave with my Teachers Mutual Bank credit 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.

How can I keep my Teachers Mutual Bank credit card secure?

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.

How are Teachers Mutual Bank credit cards rated?

Mozo users have rated Teachers Mutual Bank credit cards on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Icon of credit-cards
Teachers Mutual Bank credit cards customer reviews
Overall
8.8/10
Price
8.5/10
Features
7.0/10
Customer service
8.9/10
Convenience
8.2/10
Trust
9.2/10
Based on 93 Teachers Mutual Bank product reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Recent Teachers Mutual Bank credit card reviews

Teachers Mutual Bank Credit Card
Overall 10/10
Good bank.

Amazing bank! I’ve been a member for nearly 20 years and have never had a problem.

Read full review

Amazing bank! I’ve been a member for nearly 20 years and have never had a problem.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Val, New South Wales, reviewed about 4 years ago
Teachers Mutual Bank Credit Card
Overall 9/10
Responsible banking

Very caring with their communications.

Read full review

Very caring with their communications.

Price
9/10
Features
9/10
Customer service
9/10
Convenience
9/10
Trust
10/10
Less
Scott, Tasmania, reviewed over 4 years ago
Teachers Mutual Bank Credit Card
Overall 10/10
Friendly, helpful and very knowledgeable.

Flexible, competitive rates, low charges. Customer service and loans officers are professional and are genuinely interested in helping you get the best product for your personal needs.

Read full review

Flexible, competitive rates, low charges. Customer service and loans officers are professional and are genuinely interested in helping you get the best product for your personal needs.

Price
10/10
Features
8/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Cloe, Victoria, reviewed over 8 years ago
Teachers Mutual Bank Credit Card
Overall 10/10
Profits return to members, great service

My preferred bank for 30 years, always returning profit to members as a not for profit members bank.

Read full review

My preferred bank for 30 years, always returning profit to members as a not for profit members bank.

Price
10/10
Features
9/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Vkhall, Australian Capital Territory, reviewed almost 9 years ago
Teachers Mutual Bank Credit Card
Overall 10/10
Great service.

They provide a high quality of customer service and a broad range of products at very competitive rates.

Read full review

They provide a high quality of customer service and a broad range of products at very competitive rates.

Price
10/10
Features
10/10
Customer service
10/10
Convenience
10/10
Trust
10/10
Less
Susan, New South Wales, reviewed about 9 years ago

What do you need to apply for a Teachers Mutual Bank credit card?

Before you apply for a credit card with Teachers Mutual Bank, you’ll need to become a member, which you can do at the beginning of the application process. To become a member, you must be:

You’ll also need to pay $10 to become a member/shareholder and to bring along photo I.D., like a driver’s license or passport.

When you go to apply for a credit card, you’ll need to supply details of your financial situation, including your current income, assets and debts.

For more information on making a credit card application, check out our guide.

Credit card quick links