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
56378
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

    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

      Promotion Details

      In light of COVID-19, single use Air New Zealand Lounge 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.

      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
        TSB Bank
        60497
        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 Type-

          Other-

          More Info
          ASB Bank
          56394
          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 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$13 Joint account fee (per person, every 6 months) $6 Additional Card (per card, every 6 months)

              Minimum Credit Limit$500

              Foreign Currency Purchases-

              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

                Promotion Details

                In light of COVID-19, single use Air New Zealand Lounge 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.

                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
                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

                  Promotion Details

                  In light of COVID-19, single use Air New Zealand Lounge 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.

                  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
                  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.

                    Promotion Details

                    In light of COVID-19, single use Air New Zealand Lounge 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.

                    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
                    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

                      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 TypePayPass

                      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

                      Promotion Details

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

                      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
                      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

                        Promotion Details

                        In light of COVID-19, single use Air New Zealand Lounge 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.

                        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

                          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 TypeTap & Go

                          Other-

                          More Info
                          Westpac
                          56388
                          Westpac hotpoints 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 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

                          Promotion Details

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

                          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-

                          OtherPriority Pass Lounge Access

                          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.