Personal Credit Cards

Credit cards don’t need to be complicated, we’ve broken down all the details. Pick which features are the most important to you.

What kind of card do you want to compare?
Sort By
The Co-operative Bank
56378
The Cooperative Bank Fair Rate Credit Card
Purchase Rate (p.a.)

12.95% (Floating rate)

Balance Transfer

0% p.a. for 12 months

Interest Free Days

up to 55 days

    Promotion Details

    Right now, The Cooperative Bank are offering 0% p.a. for 12 months on balances transferred from another credit card or store card. Apply by 30 October 2020.

    Interest Rate Cash Advance (p.a.)12.95% (Floating rate)

    Additional Card Fee/Joint Account$15 every 6 months

    Minimum Credit Limit$1,000

    Foreign Currency Purchases2.5% of the New Zealand dollar converted value of the foreign currency transaction

    Overseas Travel Insurance-

    Payment Type-

    Other-

    More Info
    Kiwibank
    56377
    Kiwibank Low Rate Visa
    Purchase Rate (p.a.)

    9.95%

    Balance Transfer

    1.99% p.a. for 6 months from a non-Kiwibank credit card

    Interest Free Days

    Up to 55

      Interest Rate Cash Advance (p.a.)9.95%

      Additional Card Fee/Joint Account$5 per card every six months

      Minimum Credit Limit$500

      Foreign Currency Purchases1.85% of the New Zealand dollar amount once converted.

      Overseas Travel Insurance-

      Payment Type-

      Other-

      More Info
      ASB Bank
      58996
      ASB Visa Light
      Purchase Rate (p.a.)

      13.50%

      Balance Transfer

      0% for 6 months

      Interest Free Days

      Up to 55 days

      Our Smart Rate purchase feature, currently 0% p.a. fixed interest for six months on any purchase $1,000 or more.

        Interest Rate Cash Advance (p.a.)22.95%

        Additional Card Fee/Joint Account-

        Minimum Credit Limit$1,000

        Foreign Currency Purchases-

        Overseas Travel Insurance-

        Payment Type-

        Other-

        More Info
        Bank of New Zealand
        56999
        BNZ Lite Visa
        Purchase Rate (p.a.)

        12.90%

        Balance Transfer

        -

        Interest Free Days

        Up to 55 days

          Interest Rate Cash Advance (p.a.)22.95%

          Additional Card Fee/Joint Account$1.50 half-yearly

          Minimum Credit Limit$500

          Foreign Currency Purchases2.25% of the NZ dollar value on every foreign currency transaction.

          Overseas Travel Insurance-

          Payment TypeApple Pay & Google Pay

          Other-

          More Info
          Kiwibank
          56384
          Kiwibank Air New Zealand Airpoints Low Fee Visa
          Purchase Rate (p.a.)

          16.90%

          Balance Transfer

          1.99% p.a. for 6 months from a non-Kiwibank credit card

          Interest Free Days

          Up to 44

          $160 spend = 1 Airpoints Dollar

            Interest Rate Cash Advance (p.a.)22.95%

            Additional Card Fee/Joint Account$5 per card every six months

            Minimum Credit Limit$1,000

            Foreign Currency Purchases1.85% of the New Zealand dollar amount once converted.

            Overseas Travel Insurance-

            Payment Type-

            Other-

            More Info
            Westpac
            56387
            Westpac Airpoints World Mastercard
            Purchase Rate (p.a.)

            16.95%

            Balance Transfer

            5.95% p.a. for the life of the balance transferred

            Interest Free Days

            Up to 44 days

            Earn 1 Airpoints Dollar for every $65 spent on the card. Earn one Status point for every $225 spent on the card

            • Extended Warranty Insurance of 12 months for goods purchased and Purchase Protection

            Interest Rate Cash Advance (p.a.)22.95%

            Additional Card Fee/Joint Account$100 per year ($50 every 6 months)

            Minimum Credit Limit$18,000

            Foreign Currency Purchases1.4% of transaction amount

            Overseas Travel InsuranceUp to 120 days

            Payment Type-

            Other-

            More Info
            Kiwibank
            56402
            Kiwibank Air New Zealand Airpoints Platinum Visa
            Purchase Rate (p.a.)

            20.95%

            Balance Transfer

            1.99% p.a. for 6 months from a non-Kiwibank credit card

            Interest Free Days

            Up to 44 days

            1 Airpoints Dollar for every $75 of eligible spend. Earn one Status Point for every $200 of eligible spend.

              Interest Rate Cash Advance (p.a.)22.95%

              Additional Card Fee/Joint Account$15 per card every six months.

              Minimum Credit Limit$8,000

              Foreign Currency Purchases1.85% of the New Zealand dollar amount once converted.

              Overseas Travel InsuranceBuilt-in Travel Insurace

              Payment Type-

              OtherTwo complimentary single entry Lounge eVouchers each year when you spend $30,000

              More Info
              Bank of New Zealand
              56391
              BNZ Advantage Visa Platium
              Purchase Rate (p.a.)

              18.95%

              Balance Transfer

              -

              Interest Free Days

              up to 55 days

              $90 spend = $1 Cash Reward or $15 spend = 1 Fly Buys point

                Interest Rate Cash Advance (p.a.)18.95%

                Additional Card Fee/Joint Account$10 half-yearly

                Minimum Credit Limit$8,000

                Foreign Currency Purchases-

                Overseas Travel InsuranceUp to 90 days

                Payment TypeGoogle Pay & Apple Pay

                Other-

                More Info
                Westpac
                56404
                Westpac Airpoints Mastercard
                Purchase Rate (p.a.)

                20.95%

                Balance Transfer

                5.95% p.a. for the life of the balance transferred

                Interest Free Days

                Up to 55 days

                Earn one Airpoints Dollar for every NZD$120 spent on the card

                  Promotion Details

                  $0 Annual Fee for 2 years on a new Westpac Airpoints Mastercard

                  Interest Rate Cash Advance (p.a.)22.95%

                  Additional Card Fee/Joint Account$15 per year

                  Minimum Credit Limit$500

                  Foreign Currency Purchases1.4% of transaction amount

                  Overseas Travel Insurance-

                  Payment Type-

                  Other-

                  More Info
                  ASB Bank
                  56400
                  ASB Visa Rewards
                  Purchase Rate (p.a.)

                  20.95%

                  Balance Transfer

                  0% p.a. for 6 months

                  Interest Free Days

                  Up to 55 days

                  True Rewards: $150 = TR$1 or AA Smartfuel: $75 = 1c off per/L

                    Interest Rate Cash Advance (p.a.)22.95%

                    Additional Card Fee/Joint Account$6 per card, every 6 months

                    Minimum Credit Limit$500

                    Foreign Currency Purchases-

                    Overseas Travel Insurance-

                    Payment TypeApple Pay & Google Pay

                    Other-

                    More Info
                    Kiwibank
                    56385
                    Kiwibank Zero Visa
                    Purchase Rate (p.a.)

                    13.95%

                    Balance Transfer

                    1.99% p.a. for 6 months from a non-Kiwibank credit card

                    Interest Free Days

                    Up to 55 days

                      Interest Rate Cash Advance (p.a.)13.95%

                      Additional Card Fee/Joint AccountFree

                      Minimum Credit Limit$500

                      Foreign Currency Purchases1.85% of the New Zealand dollar amount once converted.

                      Overseas Travel Insurance-

                      Payment Type-

                      Other-

                      More Info
                      Bank of New Zealand
                      56401
                      BNZ Advantage Classic
                      Purchase Rate (p.a.)

                      20.95%

                      Balance Transfer

                      -

                      Interest Free Days

                      Up to 55 days

                      Choose your rewards - Fly Buys points or Cash Rewards. $40 spend = 1 Flybuys point or $150 spend = $1 Cash Reward

                        Interest Rate Cash Advance (p.a.)22.95%

                        Additional Card Fee/Joint Account$6 half-yearly

                        Minimum Credit Limit$500

                        Foreign Currency Purchases-

                        Overseas Travel Insurance-

                        Payment TypeApple Pay & Google Pay

                        Other-

                        More Info
                        Kiwibank
                        58997
                        Kiwibank Platinum Visa
                        Purchase Rate (p.a.)

                        13.95%

                        Balance Transfer

                        1.99% p.a. for 6 months from a non-Kiwibank credit card

                        Interest Free Days

                        Up to 55

                          Interest Rate Cash Advance (p.a.)13.95%

                          Additional Card Fee/Joint Account-

                          Minimum Credit Limit$8,000

                          Foreign Currency Purchases1.85% of the New Zealand dollar amount once converted.

                          Overseas Travel InsuranceBuilt-in Travel Insurance

                          Payment Type-

                          Other-

                          More Info
                          ANZ Bank
                          56383
                          ANZ Low Rate Visa
                          Purchase Rate (p.a.)

                          12.90%

                          Balance Transfer

                          1.99% p.a on balances transferred for the first two years

                          Interest Free Days

                          Up to 55 days

                            Promotion Details

                            Pay 1.99% p.a. on balances transferred for the first two years

                            Interest Rate Cash Advance (p.a.)19.95%

                            Additional Card Fee/Joint Account$0

                            Minimum Credit Limit-

                            Foreign Currency Purchases-

                            Overseas Travel Insurance-

                            Payment TypeApple Pay & Google Pay

                            Other-

                            More Info
                            Westpac
                            56406
                            Westpac hotpoints Platinum MasterCard
                            Purchase Rate (p.a.)

                            20.95%

                            Balance Transfer

                            5.95% p.a. for the life of the balance transferred

                            Interest Free Days

                            Up to 55 days

                            Earn 2 hotpoints for every $1 spent on your card.

                            • Purchase Protection insurance cover and extended warranty insurance for your purchases

                            Promotion Details

                            $0 Annual Fee for 2 years on a new hotpoints Platinum Mastercard

                            Interest Rate Cash Advance (p.a.)22.95%

                            Additional Card Fee/Joint Account$25 per year

                            Minimum Credit Limit$10,000

                            Foreign Currency Purchases1.4% of transaction amount

                            Overseas Travel InsuranceUp to 35 days

                            Payment Type-

                            Other-

                            More Info
                            59002 Compare 
                            58996 Compare 
                            58997 Compare 
                            58998 Compare 
                            58999 Compare 
                            59000 Compare 
                            59001 Compare 
                            56999 Compare 
                            56403 Compare 
                            56404 Compare 
                            56405 Compare 
                            56406 Compare 
                            56407 Compare 
                            56408 Compare 
                            56409 Compare 
                            56410 Compare 
                            56411 Compare 
                            56402 Compare 
                            56401 Compare 
                            56400 Compare 
                            56377 Compare 
                            56378 Compare 
                            56380 Compare 
                            56382 Compare 
                            56383 Compare 
                            56384 Compare 
                            56385 Compare 
                            56386 Compare 
                            56387 Compare 
                            56388 Compare 
                            56390 Compare 
                            56391 Compare 
                            56392 Compare 
                            56393 Compare 
                            56394 Compare 
                            56395 Compare 
                            48926 Compare 

                            How does a credit card work?

                            A credit card is an unsecured, revolving credit line, allowing you to borrow money to make purchases, up to a certain limit, based on your ability to make repayments. At the end of each billing cycle, the credit card provider sends a statement of the total amount owing for purchases for that period.

                            Unlike a debit card, where you’re using your own money to make purchases, a credit card allows you to use money owned by the credit card provider.

                             

                            • You must make a minimum payment amount each month to avoid penalty fees. If you cannot pay your credit card off in full each month the interest rate on the purchases is usually a high rate.

                            What are the features of a credit card?

                            Credit Limit

                            This is the maximum amount of money you can borrow using your credit card.

                            Interest

                            The fee you pay the credit card provider on money spent using a credit card. Interest is calculated as a percentage of the amount owing. The interest will be different depending whether you’ve used your card for purchases or cash advances.

                            Balance transfers

                            You can choose to transfer the outstanding balance of your credit card to an account held at another credit card company. The new card issuer makes this arrangement attractive to consumers by offering incentives, such as low interest rates, a temporary interest-free period, loyalty points or other incentives. The temporary interest free period is the most common incentive.

                            Reward programmes

                            A feature which adds value by offering points such as Fly Buys, Airpoints or other rewards when you use your credit card to make eligible purchases.

                            Contactless payments

                            The ability to tap your credit card against a contactless reader to complete a purchase under NZD$80. Alternatively use a compatible smartphone as a mobile wallet connected to your credit card where contactless payments are accepted.

                            How do I apply for a credit card?

                            To be eligible for a credit card, you must have a good credit history. The bank or credit card provider will want to see proof of income as well as documents to verify your identity.

                            Most providers will allow you to apply for a credit card in your own name or as a joint account. If the account is in your name only, you will be able to nominate additional cardholders who can use your line of credit. It will be up to you to repay the balance. Typical eligibility criteria are;

                            Minimum income

                            The credit card provider will need to be satisfied you can make repayments each month, over and above your other living expenses.

                            Age

                            In New Zealand, you must be at least 18 years old to apply for a credit card in your name, as this is the age you are legally considered an adult and can be liable for debt.

                            Residential status

                            You must be a citizen or permanent New Zealand resident. Some financial institutions will allow applications from people who hold a student or temporary resident visa.

                            Good credit history

                            To be eligible for a credit card, you must have a good credit history. If you have not yet accumulated any credit history, you may be eligible for a credit card with a low credit limit. As you build a credit history by using your credit card, you can apply to increase the credit limit.

                            What credit card pitfalls should I be aware of?

                            Credit cards are expensive if not paid off

                            If you don’t pay the minimum payment on your credit card in each payment cycle, expect to be charged a high interest rate as well as late fees. Your card will also be flagged at the collections department of your credit card issuer, which can create a lot of extra hassle.

                            Credit cards cannot be paid off using other credit cards

                            The balance of your credit card must be paid off with money in your bank account. Credit card providers have strict rules which will not allow you to pay off one credit card with another.

                            Don’t focus too much on the rewards

                            The incentives offered by credit card providers such as Fly Buys or Air Points rarely hold a benefit above 2% of what you spend. Don’t be tempted to overspend to try to reap the rewards.

                            Avoid withdrawing cash on your credit card

                            The interest is high and starts getting charged as soon as you make the withdrawal. Also, there could be additional fees and you won’t earn any rewards.

                            Be careful of moving your credit card debt

                            If you are being charged more than need be with your credit card provider, you may look to reduce the interest charges by transferring the balance to a new provider with an introductory offer of a low or 0% interest rate. Keep in mind the introductory interest offer will eventually run out and the debt you have transferred still needs to be paid.

                            Beware of hidden charges

                            Always reconcile your monthly statements, checking them against receipts or your own records of purchases you have made during the month. Make sure the correct amounts have been charged and keep an eye out for unexpected charges you might not need, for example, subscription or membership fees you didn’t know were still renewing.

                            Credit card checklist

                            • Pay off your balance each month

                              You can avoid interest charges by paying the entire balance of your credit card each month by the payment due date.

                            • Shop around

                              Credit card providers differ with the interest rates they charge and incentives they offer. If there is a card feature you want, ensure you have a good look at our credit cards page to get the best deal.

                            • Get your applications in order

                              Once you’ve decided to apply for a credit card, get all your documentation in order to make the application process run smoothly. You’ll need photo ID and proof of income. Check with your credit card provider about anything else they require and have the documents prepared to take with you.