Teachers Mutual Bank Credit Cards

Teachers Mutual Bank is a member-owned bank established by teachers in 1966. It is a division of Teachers Mutual Bank Limited, which was highly commended in the Green Bank of the Year category for the 2023 Finder Green Awards (and won the award in 2022) for its sustainability initiatives. It offers one credit card with simple, low-cost features.

Compare credit cards from Teachers Mutual Bank

Name	Purchase rate p.a.	Bonus points	Points per $ spent	Interest-free period	Balance transfer rate p.a.	Annual fee
Teachers Mutual Bank Credit Card	Purchase rate p.a. 7.9% for 6 months, then 11.5%	Bonus points N/A	Points per $ spent N/A	Interest-free period Up to 55 days on purchases	Balance transfer rate p.a. 7.9% for 6 months, then 11.5%	Annual fee $0	More Info Compare	Get a 7.9% p.a. interest rate on purchases and balance transfers for 6 months and an ongoing $0 annual fee.

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Types of Teachers Mutual Bank credit cards

• Low rate credit cards

The Teachers Mutual Bank Credit Card has an introductory rate of 7.9% p.a. for the first 6 months. After that, a rate of 11.5% p.a. applies to your transactions, which is competitive with other low rate credit cards. This card also has no annual fee for life.

Benefits of getting a Teachers Mutual Bank credit card

• Digital wallets

The Teachers Mutual Bank Credit Card works with Apple Pay, Google Pay and Samsung Pay digital wallets, which means you can add the card to your account and make payments straight from your mobile phone or compatible device.

• Visa benefits

You can use a Teachers Mutual Bank credit card around the world wherever Visa cards are accepted. You get protection from fraudulent charges through Visa's Zero Liability Policy and, when you're shopping online, Visa Secure. You can also take advantage of Visa Offers + Perks, which gives you access to exclusive shopping, dining, entertainment and travel deals.

• Banking options

Teachers Mutual Bank offers 24/7 account access with Internet banking, the TMB mobile app and a telephone banking service you can use by calling 13 21 40. The mobile app even gives you a way to put a temporary lock on your card if you lose it.

• Sustainability

Teachers Mutual Bank Limited was highly commended in the 2023 Finder Green Awards Green Bank of the Year category, and won the award in 2022. It operates with 100% renewable energy and doesn't invest any money into fossil fuels, gambling, alcohol, tobacco or many other industries. It's also a certified B Corp and has been listed as one of the World's Most Ethical Companies. Check out Finder's interview with Teachers Mutual Bank's head of socially responsible banking, Corin Millais, for more details and insights.

How to apply for a Teachers Mutual Bank credit card

You can apply for a Teachers Mutual Bank credit card online in around 15 minutes by filling in a secure application form on the bank's website. Before you apply, check that you meet the following eligibility criteria and have all the documents and details you need to complete the application.

Eligibility criteria

• Age. You must be at least 18 years of age.
• Australian residency status. You must be an Australian citizen or permanent resident. You also cannot be a foreign tax resident.
• Credit history. You must not be an undischarged bankrupt.
• Teachers Mutual Bank membership. You can become a member of Teachers Mutual Bank if you're a current or retired employee in the Australian education sector, or if one of your family members is an existing Teachers Mutual Bank member. You'll need to become a member to get this credit card and can sign up as part of the application if you meet these requirements.

Documents and details

• Personal details. This includes your full name, home address, email address, phone number, date of birth and number of dependants. You also need to provide a valid form of ID, such as your drivers licence or passport.
• Employment details. As well as your salary, you need to share your employment status, length of employment and your employer’s contact details. If you’re self-employed or retired you’ll have to provide your accountant’s name and contact details. You may also need to provide recent payslips or bank statements to help verify these details.
• Financial details. This covers any other forms of income, as well as savings, assets and existing credit cards, loans or other liabilities. You also need to provide an estimate of your regular expenses, such as rent or mortgage payments, utility bills and transport.

Frequently asked questions

• How can I make repayments on a Teachers Mutual Bank credit card account?

  Your monthly statement will include details of your credit card balance and how to make repayments, including:

  • BPAY using the Biller Code is 948505
  • Automatic repayments from your chosen bank account
  • Transfers from a linked Teachers Mutual Bank account
  • Cheque

• What is the credit limit on a Teachers Mutual Bank credit card?

  The Teachers Mutual Bank Credit Card has a minimum credit limit of $1,000 and a maximum limit of $25,000. The credit limit your offered is based on your application and will be somewhere within this range.

• Can I add an additional cardholder?

  Yes, you can apply to add an additional cardholder to your Teachers Mutual Bank Credit Card account online. The person you want to add must be at least 18 years of age, and you'll still be responsible for managing repayments and the overall account.

Credit card brands similar to Teachers Mutual Bank

If you want a credit card from a member-owned bank or one that's focused on sustainability, here are 3 others you can compare with Teachers Mutual Bank:

• Bank Australia credit cards
• Community First credit cards
• Beyond Bank credit cards

Important details and related links

• Teachers Mutual Bank customer service phone number: 13 12 21
• Teachers Mutual Bank personal loans
• Teachers Mutual Bank savings and bank accounts