Get 5% Cashback on Contactless Payments with TSB Classic Current Account

Written by Karen Bryan

tsbThe TSB Classic Current Account is now even better. In addition to the 5% rate of interest on balances up to £2,000, and the fixed rate of 5% on the TSB Monthly Saver, you can also earn 5% cashback on the first £100 of contactless payments per month, until 31 December 2016.

Contactless imageContactless payments are when your debit or credit card is swiped, rather than inserted into the payment machine and your PIN entered to authorise payments. Your debit or credit card needs to have the contactless symbol, displayed to the left here.

This TSB Current Account cashback is a great bonus on everyday spending. I plan to go for the full £100 spending limit every month. It shouldn’t be too hard, as the contactless limit was increased from £20 to £3o on 1 September 2015. I must remember to ask before paying if I can use contactless, as not all retailers have the required equipment. It’ll be hard to break the habit of inserting my card in the machine to pay.