The Teachers Mutual Bank Credit Card has low-cost, simple features and can be added to Apple Pay, Google Pay and Samsung Pay for mobile payments. It offers Visa Zero Liability for fraudulent transactions and 24-hour support. Teachers Mutual Bank was also highly commended in the Green Bank of the Year category for the 2023 Finder Green Awards – and was the 2022 winner.
Teachers Mutual Bank Credit Card

- Balance transfer rate for 6 months with no balance transfer fee
- 7.9% p.a.
- Purchase rate for the first 6 months (reverts to 11.5%)
- 7.9% p.a.
- Annual fee
- $0 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
A simple Visa credit card with a $0 annual fee and a low interest rate, designed for people working in the education sector.
Pros
-
7.9% p.a. for 6 months on purchases and balance transfers
-
Low variable interest rate of 11.5% p.a. after the introductory period
-
$0 annual fee
Cons
-
2.9% international transaction fee
-
No rewards program or complimentary insurance
Details
Product details
Product Name | Teachers Mutual Bank Credit Card |
Balance transfer rate p.a. | 7.9% for 6 months, then 11.5% |
Purchase rate p.a. | 7.9% for 6 months, then 11.5% |
Interest-free period | Up to 55 days on purchases |
Cash advance rate p.a. | 11.5% |
Min credit limit | $1,000 |
Max credit limit | $25,000 |
Card type | Visa |
Eligibility
Available to temporary residents | No |
Minimum income | $25,000 |
Joint application | No |
Rewards
Bonus points | N/A |
Fees
Annual fee | $0 |
Minimum monthly repayment | 3% of the closing balance outstanding |
Late payment fee | $10 |
Foreign currency conversion fee | 2.9% |
Cash advance fee | $4.50 |
Overseas cash advance fee | 4% |
Overseas ATM withdrawal fee | $4.50 |
Additional cardholder fee | $0 |
Your reviews

Amy Finder
Editor
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Shirley Liu Finder
April 23, 2014
Hi Alex,
Thanks for your question.
Please contact Teachers Mutual Bank directly so they can fix this for you.
Cheers,
Shirley
Alex
April 22, 2014
I have forgotten my pin for my debit card. What should I do?