Teachers Mutual Bank Credit Cards

Teachers Mutual Bank offers a low-cost Visa credit card with simple features and the option of mobile payments through Apple Pay, Google Pay and Samsung Pay. If you're a member of Teachers Mutual Bank or work in the education sector, you can use this guide to learn more about this credit card, including how to apply.

Compare credit cards from Teachers Mutual Bank

Sort by:

Name	Product	Purchase rate	Interest-free period	Annual fee	Balance transfer rate
Teachers Mutual Bank Credit Card		7.9% p.a. for 6 months, reverts to 11.5% p.a.	Up to 55 days on purchases	$0	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.	More Info	Compare	loading Fetching your data...

loading

Compare up to 4 providers

Clear selection

Compare

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 banking with Teachers Mutual Bank

Getting a Teachers Mutual Bank credit card gives you access to the following features and benefits:

• Visa benefits

You can use a Teachers Mutual Bank credit card to shop in person, online or over the phone, with worldwide acceptance through the Visa card network. You'll be able to make contactless payments in-store and get the added protection of Visa Secure for online shopping. You can also take advantage of Visa Offers + Perks, which gives you access to exclusive shopping, dining, entertainment and travel deals.

• 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.

• 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.

How to apply for a Teachers Mutual Bank credit card

You can apply for a Teachers Mutual Bank credit card online 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.
• Education sector employee. To get this credit card, you need to become a member of Teachers Mutual Bank. You'll only be eligible to join the bank if you work in the Australian education sector, have retired from a related job or are a family member of an existing Teachers Mutual Bank member.

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.

If you have any questions about the application, you can visit a Teachers Mutual Bank branch or call the bank on 13 12 21.

Frequently asked questions

If you want to know more about Teachers Mutual Bank credit cards, here you'll find answers to some of the most common questions. If you have another question, you can also get in touch using the comment box below.

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

  You can opt for automatic deduction of your outstanding balance or minimum payment due from your Everyday account. You can transfer funds from other Teachers accounts using phone and online banking, you can make electronic deposits, you can pay via BPAY, and you can mail cheques issued by other financial institutions.

• What are the minimum and maximum credit limits?

  The minimum credit limit of the Mutual Credit Card is $1,000, and its maximum limit is $25,000.

• Can I ask for an increase in my card’s credit limit?

  You can request an increase in your card’s credit limit online or over the phone, but you have to meet certain criteria to qualify.

• When I can apply for transferring balances, and is there a limit?

  You can apply for a balance transfer by completing the relevant section during the application process, or you can provide the required details upon receiving your card. Transferred balances cannot exceed your card’s credit limit.

• Can I add an additional cardholder?

  Yes, you can add an additional cardholder linked to your primary Teachers Credit Card account, as long as the individual in question is over 18 years of age. You can apply for an additional card online, over the phone, or by visiting a Teachers Mutual Bank regional office.

• How often do I get a credit card statement and what else should I know about it?

  You get a statement for your Teachers Credit Card each month, and you can choose to receive it by regular mail or via internet banking. This provides details of all transactions, fees, charges, and payments during the given period, and also indicates the next due date.

• What if I lose my Teachers Credit Card?

  To report a lost or stolen card you should call Teachers Mutual Bank immediately. Replacement of lost, damaged and captured cards will attract a fee.

Image: Shutterstock