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Teachers Mutual Bank Credit Cards

Compare cards from a bank where education is the focus, both for their members and in their products and services


Teachers Mutual Bank began operations in the form of Teachers Credit Union in 1966. Starting with less than 30 members and a little over $600 in deposits, this financial institution now has more than 159,000 members and around $4 billion in assets. The change in name to Teachers Mutual Bank took place in 2012 after it received APRA approval. This member-owned financial institution offers products and services including day-to-day banking accounts, different types of loans, insurance solutions, financial planning advice and travel-related assistance.

Compare credit cards from Teachers Mutual Bank

Data indicated here is updated regularly
Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate Balance transfer rate
Teachers Mutual Bank Credit Card
7.9% for 6 months, reverts to 11.5% p.a.
Up to 55 days on purchases
$0 p.a.
7.9% p.a. for 6 months
7.9% p.a. for 6 months
Save with a 7.9% interest rate on purchases and balance transfers for 6 months, plus, an ongoing $0 annual fee.

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Types of credit cards that Teachers Mutual Bank offers

Teachers Mutual Bank offers its members a Visa credit card that charges a low ongoing rate, and as of now this is its only credit card offering.

  • Low rate credit cards

If you intend keeping outstanding balances in your credit card account from one month to the next, getting a low rate credit card might interest you. The Teachers Credit Card comes with a low introductory rate for the first 6 months, which you can use for balance transfers as well. If you use this card in the right manner, you can get as many as 55 interest-free days on purchases. What also helps is that this card charges the same interest rate for purchases and cash advances.

Benefits of banking with Teachers Mutual Bank

Teachers Mutual Bank members are its shareholders and can look forward to a wide array of advantages when they take on a product from the mutual. Getting a Teachers Mutual Bank credit card comes with a number of benefits, which include the following:

  • Access funds anywhere, anytime

The Teachers Credit Card comes with the convenience offered to you by Visa. If you're looking to use your card for cash advances, any ATM displaying a Visa logo can help you get the funds you need. The same goes for purchases and for online shopping.

  • Minimal fees

You don’t have to pay any application fee to apply for the Teachers Credit Card, and you also won't be charged an annual fee. This helps keep your upfront and ongoing costs minimal.

  • Visa benefits

Visa payWave, Verified by Visa and Visa Zero Liability are just some of the services you'll enjoy when you use your Teachers Mutual Bank Visa card. Just wave and go when at stores where Visa payWave technology is enabled, as long as your transaction is under $100. The Verified by Visa services gives extra protection when you use your card to shop online, which helps support the convenient shopping options offered to you by the card. Finally, Visa Zero Liability means that if you take necessary precautions against credit card fraud you won't be held responsible for fraudulent and unauthorised charges on your card.

  • Help manage your debts

You can use the Teachers Credit Card to consolidate your debts from other credit and store cards, and this can help you in two ways. You can reduce the number of cards you have to keep track of, and you can save in the form of interest.

  • Contactless payments

Linking your card to an Apple Pay, Samsung Pay or Google Pay wallet allows you to use your compatible mobile phone or device to make contactless payments whenever you shop.

Applying for a Teachers Mutual Bank credit card

You can apply for a Teachers Mutual Bank credit card by visiting any Teachers Mutual Bank regional office in NSW, ACT, or WA. You can also initiate the process by calling them directly. You can also apply for this card online. You can apply only if you have to meet the following eligibility criteria:

Application Criteria

  • You’re over 18 years of age
  • You don’t have bad credit history
  • You earn a minimum of $25,000 p.a.

Required documents

  • Personal. Start by providing your complete name, home address, email address, phone number, date of birth, marital status, and number of dependants.
  • Employment. This section requires your employment status, employer’s name, and employer’s contact details. If you’re self-employed or retired you’ll have to provide your accountant’s name and contact details.
  • Financial. This section requires information about your income, expenses, assets, and liabilities. Income comprises wages and income from all other sources. Assets can be real estate, motor vehicles, savings and investments. When calculating expenses, take into how much you spend towards rent, mortgage payments, utilities, school fees, transportation, food, and the like. Liabilities include all existing loans, credit cards, store cards, overdrafts and lines of credit.

You can complete the online application in around 15 minutes, and if you submit your application on a weekday you can receive conditional approval within 24 hours. During this time, a Teachers Mutual Bank representative might contact you for additional information. Employment and income verification is part of the process, which can entail Teachers Mutual Bank making a phone call to your place of employment.

Frequently asked questions

Given below are answers to certain questions about Teachers Mutual Bank credit cards that appear quite frequently. To leave behind a question that doesn't appear below, you can use the form at the end of this page.

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Credit Cards Comparison

Data indicated here is updated regularly
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
Save with a 22-month balance transfer offer. Plus, lounge passes, travel insurance and an annual fee refund when you spend an eligible $6k/year.
ANZ Low Rate
12.49% p.a.
0% p.a. for 22 months with 1.5% balance transfer fee
$0 p.a. annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a on balance transfers for 22 months (with a 1.5% BT fee) and $0 first year annual fee. Plus a 12.49% p.a. purchase interest rate.
Bankwest Zero Platinum Mastercard
17.99% p.a.
2.99% p.a. for 9 months
$0 p.a.
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.
ANZ Frequent Flyer Black
20.24% p.a.
20.24% p.a.
$425 p.a.
Earn 100,000 bonus Qantas Points, 75 bonus Status Credits and $150 back when you spend $3,000 in the first 3 months with this premium card.

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* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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