Teachers Mutual Bank Credit Card
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CardIQ
Good
Overall score, out of 100 · How this works
- 55 days interest-free63
- Balance transfer45
- First timer80
- Low rate78
- No annual fee71
Customer reviews
Based on 6 reviews
Reviewers spoke well of customer service and rewards.
No fee and no rewards temptation
I like that there is no rewards program so I am not tempted to use it to get more points. I spend much less money since I switched to this card and am in a much better financial position. I can’t see any reason why I would change to any other card.
Value for money, great service
Good value, great customer service, protected. You have peace of mind when signing up for this card. Teachers Mutual are quick to contact you if they believe a threat of fraud is occurring to your card or account. They offer insurance, travel and many other benefits that…
Fine, no frills card
No problems with this card. We have used this bank for about ten years. No rewards system, but low fees and easy to use, They are a trustworthy bank, and while they have few branches, are easy to contact by phone. They do have some fees but they are minimal. We will stick with…
Excellent customer service
Applying for this card was a simple process and it was sent quickly in the mail. I’ve had no issues at all with it and the customer service of Teachers Mutual Bank is outstanding. Internet banking is straightforward to use and you can use their cards at any NAB or Bank of…
Positive recommendation with this card
Fully recommend this card. Supportive and intuitive with regard to customers of all ages. Customer service is excellent. There’s no hesitation in displaying, explaining positives, and negatives of products, rates et al so individually tailored to individual needs. Competitive…
Excellent range of services
The teachers credit union card offers great rewards. Excellent rates and fees. It is convenient to withdraw cash directly from ATM’s. Reward points allow for purchase of a great range products. The credit card can be used at all major department stores as well as over the…
Pros & cons
What's good
- The 11.5% p.a. purchase rate is among the lowest ongoing purchase rates (the median card charges 18.99% p.a.).
- No annual fee.
- 2.9% foreign transaction fee, below the 3% most cards charge.
- No fee to add an additional cardholder.
Worth noting
- Earns no rewards points on spending.
Card details
The basics
- Additional cardholder fee
- $0 p.a.
- Card tier
- Standard
- Card type
- Visa
- Card use
- Personal
- Credit limit
- $1,000 – $25,000
- Credit rating
- Good
- Rewards program
- None
Eligibility
- Instant approval
- No
- Joint application
- No
- Membership
- Restricted
- Minimum age
- 18 years old
- Minimum income
- $25,000 p.a.
- Residency
- Australian citizen or permanent resident
- Temporary residents
- Not eligible
Rates & fees
Ongoing interest rates
- Cash advances
- 11.50% p.a.
- Purchases
- 11.50% p.a.
Fees
- Additional cardholder fee
- $0
- Annual fee
- No annual fee
- Cash advance fee
- —
- Foreign transaction fee
- 2.9%
- Late payment fee
- $10
Repayments
- Interest-free period
- Up to 55 days on purchases
- Minimum repayment
- 3% of the closing balance outstanding
Balance transfers
- Can't transfer from
- Australian Mutual Bank, Firefighters Mutual Bank, Health Professionals Bank, Teachers Mutual Bank, UniBank
- Limit
- Up to your available credit limit
- Period
- 6 months
- Promotional rate
- 7.9% p.a.
- Revert rate
- 11.50% p.a.
- Transfer fee
- 0%
While you carry a transferred balance you may not receive interest-free days on new purchases.
Introductory purchase offer
This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.
Rewards
This card doesn't earn rewards points. It focuses on a low cost of ownership instead. If earning points matters to you, compare frequent flyer cards and rewards cards.
Where this card sits vs similar cards
Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.
Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.
Compare side by side
- Teachers Mutual Bank Credit CardvsAmerican Express Low Rate Credit Card
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- Teachers Mutual Bank Credit CardvsANZ Platinum Credit Card
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- Teachers Mutual Bank Credit CardvsAustralian Mutual Bank Credit Card
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- Teachers Mutual Bank Credit CardvsBank Australia Visa Credit Card
- Teachers Mutual Bank Credit CardvsBank First Visa Classic Credit Card
- Teachers Mutual Bank Credit CardvsBank First Visa Platinum Credit Card
- Teachers Mutual Bank Credit CardvsBank of Melbourne Vertigo Card
Browse by card type
Compare the Teachers Mutual Bank Credit Card against every other card in its category.
Questions and answers
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Sources
- Credit Card Compare
- Australian credit card statisticsHow CardIQ scores cards
- Issuer
- Teachers Mutual Bank