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.

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The Co-operative Bank
50565
The Cooperative Bank Fair Rate Credit Card
Purchase Rate (p.a.)

12.95% (Floating rate)

Balance Transfer

0% p.a. for 6 months

Interest Free Days

up to 55 days

You can apply for a balance transfer of up to 80% of your credit limit. This leaves you with some available credit, so you can continue to use your card for purchases and cash advances. The minimum you can transfer to is $100.

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

    Additional Card Fee/Joint Account$5 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
    51065
    Kiwibank Low Rate Visa
    Purchase Rate (p.a.)

    9.95%

    Balance Transfer

    1.99% p.a. for 6 months

    Interest Free Days

    Up to 55 days

      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
      53082
      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 PurchasesFor overseas transactions made using your ASB Visa card Offshore Service Margins of 2.10% of the New Zealand dollar amount of the transaction are charged.

        Overseas Travel Insurance-

        Payment TypeApple Pay , Google Pay, Fitbit Pay & Garmin Pay

        Other-

        More Info
        TSB Bank
        53088
        TSB Visa Classic
        Purchase Rate (p.a.)

        18.50%

        Balance Transfer

        0% for the first 6 months

        Interest Free Days

        Up to 55 days

          Interest Rate Cash Advance (p.a.)18.50%

          Additional Card Fee/Joint Account$2.50 per half year for each joint/ additional card on the account

          Minimum Credit Limit-

          Foreign Currency Purchases2.5% of the New Zealand Dollar value of each overseas card transaction

          Overseas Travel Insurance-

          Payment TypeVisa payWave

          Other-

          More Info
          ASB Bank
          50585
          ASB Visa Platinum Rewards
          Purchase Rate (p.a.)

          19.95%

          Balance Transfer

          0% for 6 months

          Interest Free Days

          Up to 55 days

          True Rewards: $100 = TR$1 or AA Smartfuel: $50 = 1c off per/L

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

            Additional Card Fee/Joint Account$27.50 Joint account fee (per person, every 6 months) $15 Additional Card (per card, every 6 months)

            Minimum Credit Limit$8,000

            Foreign Currency PurchasesFor overseas transactions made using your ASB Visa card Offshore Service Margins of 2.10% of the New Zealand dollar amount of the transaction are charged.

            Overseas Travel InsuranceBuilt-in Travel Insurance

            Payment TypeApple Pay , Google Pay, Fitbit Pay & Garmin Pay

            Other-

            More Info
            ASB Bank
            50577
            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$13 Joint account fee (per person, every 6 months) $6 Additional Card (per card, every 6 months)

              Minimum Credit Limit-

              Foreign Currency Purchases-

              Overseas Travel Insurance-

              Payment TypeApple Pay , Google Pay, Fitbit Pay & Garmin Pay

              Other-

              More Info
              Kiwibank
              51071
              Kiwibank Air New Zealand Airpoints Low Fee Visa
              Purchase Rate (p.a.)

              16.90%

              Balance Transfer

              1.99% p.a. for 6 months

              Interest Free Days

              Up to 44 days

              $160 spend = 1 Airpoints Dollar

              • As long as you have a current credit card and you’re the primary cardholder, your Airpoints Dollars will never expire.
              • Access to Air New Zealand monthly prize draws

              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
              Kiwibank
              51067
              Kiwibank Zero Visa
              Purchase Rate (p.a.)

              13.95%

              Balance Transfer

              1.99% p.a. for 6 months

              Interest Free Days

              Up to 55 days

              No account fee for you and any joint or additional cardholders.

                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
                Kiwibank
                51072
                Kiwibank Air New Zealand Airpoints Platinum Visa
                Purchase Rate (p.a.)

                20.95%

                Balance Transfer

                1.99% p.a. for 6 months

                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.

                • In light of COVID-19, single use Air New Zealand Lounge eVouchers will be extended by six months. eVouchers with an original expiry date between 1 March 2020 and 28 February 2021 will be extended by six months from the original expiry date.
                • Access to Air New Zealand monthly prize draws

                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
                Westpac
                50591
                Westpac Airpoints Mastercard
                Purchase Rate (p.a.)

                20.95%

                Balance Transfer

                5.95% for the life of the balanced transfered

                Interest Free Days

                Up to 55 days

                Earn one Airpoints Dollar for every $130 spent on the card

                • 50 Airpoints Dollars Advance available to you if you’re a little short on what you need for a reward

                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 TypePayTag, Apple Pay

                Other-

                More Info
                Westpac
                50582
                Westpac Airpoints World Mastercard
                Purchase Rate (p.a.)

                16.95%

                Balance Transfer

                5.95% for the life of the balanced transfered

                Interest Free Days

                Up to 44 days

                Spend $50,000 or more in a 6 month period between your fee charges and we'll waive your next 6 monthly fee.

                • Earn 1 Airpoints Dollar for every $70 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
                • Your Airpoints Dollars will never expire, as long as you’re a cardholder
                • Access to a wide range of travel experiences with Mastercard Travel Lifestyle Services

                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
                53086
                Kiwibank Platinum Visa
                Purchase Rate (p.a.)

                13.95%

                Balance Transfer

                1.99% p.a. for 6 months

                Interest Free Days

                Up to 55

                Account fee & Joint/additional cardholder fee is waived if you have an outstanding home loan balance or deposits of at least $150,000 with Kiwibank.

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

                  Additional Card Fee/Joint Account$10 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 Insurance

                  Payment Type-

                  Other-

                  More Info
                  ANZ Bank
                  50581
                  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

                  With no annual fee you'll save on card fees.

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

                    Additional Card Fee/Joint Account$0

                    Minimum Credit Limit$500

                    Foreign Currency Purchases1.3% of the NZ $ amount

                    Overseas Travel Insurance-

                    Payment TypeApple Pay & Google Pay

                    Other-

                    More Info
                    Westpac
                    50567
                    Westpac hotpoints Platinum MasterCard
                    Purchase Rate (p.a.)

                    20.95%

                    Balance Transfer

                    5.95% for the life of the balanced transfered

                    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
                    • You could be covered for up to 35 days per round trip, when you travel overseas and use your credit card for your prepaid travel costs
                    • Access to a wide range of travel experiences with Mastercard Travel Lifestyle Services

                    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
                    Westpac
                    50583
                    Westpac hotpoints World MasterCard
                    Purchase Rate (p.a.)

                    16.95%

                    Balance Transfer

                    5.95% for the life of the balanced transfered

                    Interest Free Days

                    Up to 44 days

                    Spend $50,000 or more in the 6-month period between your fee charges and we'll waive your next 6 monthly fee.

                    • Earn 3 hotpoints for every $1 spent on your card.
                    • Purchase Protection insurance cover and extended warranty insurance for your purchases
                    • World Mastercard Privleged Access Program : enjoy the very best the world has to offer with an exclusive range of specially selected travel, shopping and dining experiences from across the globe

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

                    Additional Card Fee/Joint AccountYour first joint or additional card is free. Supplementary cards are $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
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                    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.