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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American Express
51059
The American Express Airpoints Card
Purchase Rate (p.a.)

0% p.a. for the first 6 months reverting to 19.95% p.a. thereafter

Balance Transfer

-

Interest Free Days

Up to 55 days

Every $100 you spend = 1 Airpoints Dollar

    Promotion Details

    50 Bonus Airpoints Dollars, spend $750 on your new Card within the first 3 months.

    Interest Rate Cash Advance (p.a.)21.95%

    Additional Card Fee/Joint AccountFree

    Minimum Credit Limit-

    Foreign Currency Purchases2.50% of converted amount

    Overseas Travel Insurance-

    Payment Type-

    Other-

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

      12.90%

      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.)12.90%

        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
        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
          SBS Bank
          50563
          SBS Visa Credit Card
          Purchase Rate (p.a.)

          18.50%

          Balance Transfer

          -

          Interest Free Days

          Up to 55 days

          You'll earn $1 for every $150 spent on Eligible Transactions

            Interest Rate Cash Advance (p.a.)21.50%

            Additional Card Fee/Joint Account-

            Minimum Credit Limit-

            Foreign Currency Purchases2% of transaction value

            Overseas Travel Insurance-

            Payment TypepayWave

            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.)16.90%

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

            18.50%

            Balance Transfer

            -

            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 Purchases2.3% of the New Zealand Dollar value of each overseas card transaction

              Overseas Travel Insurance-

              Payment TypeVisa payWave

              OtherTSB is temporarily unable to take applications for credit cards while we carry out some backend maintenance. We're very sorry for this inconvenience and are working to get it resolved as soon as possible.

              More Info
              Bank of New Zealand
              53085
              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
                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$500

                  Foreign Currency Purchases-

                  Overseas Travel Insurance-

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

                  Other-

                  More Info
                  Bank of New Zealand
                  53083
                  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 Purchases2.25% of the NZ dollar value on every foreign currency transaction.

                    Overseas Travel Insurance-

                    Payment TypeApple Pay & Google Pay

                    Other-

                    More Info
                    Warehouse Money
                    51069
                    Purple Visa
                    Purchase Rate (p.a.)

                    22.90%

                    Balance Transfer

                    -

                    Interest Free Days

                    Up to 55 days

                    Everytime you spend $150 on your Purple Visa Card you'll earn 1 Purple Dollar. 1 Purple Dollar = $1 NZ Dollar.

                      Promotion Details

                      Spend $300 or more in a single Purple Visa Card transaction at any of our Participating Retailers and automatically receive 12 Months Interest Free.

                      Interest Rate Cash Advance (p.a.)25.90%

                      Additional Card Fee/Joint Account$0.00

                      Minimum Credit Limit-

                      Foreign Currency Purchases2.00% of transaction

                      Overseas Travel Insurance-

                      Payment TypepayWave

                      OtherThere is a $55 One off establishment fee,.

                      More Info
                      Westpac
                      50579
                      Westpac Low Rate MasterCard
                      Purchase Rate (p.a.)

                      12.90%

                      Balance Transfer

                      5.95% for the life of the balanced transfered

                      Interest Free Days

                      Up to 55 days

                        Promotion Details

                        You could pay off your debt faster when you transfer a balance held elsewhere to a Westpac credit card. Choose between 0% p.a. for 6 months or 5.95% p.a. for the life of the balance(s) transferred.

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

                        Additional Card Fee/Joint Account$5 per year

                        Minimum Credit Limit$500

                        Foreign Currency Purchases1.95% of transaction amount

                        Overseas 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
                          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
                            Westpac
                            50586
                            Westpac hotpoints 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 1 hotpoint for every $1 spent on your card

                              Promotion Details

                              You could pay off your debt faster when you transfer a balance held elsewhere to a Westpac credit card. Choose between 0% p.a. for 6 months or 5.95% p.a. for the life of the balance(s) transferred.

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

                              Additional Card Fee/Joint Account$15 per year

                              Minimum Credit Limit$500

                              Foreign Currency Purchases1.95% of transaction amount

                              Overseas Travel Insurance-

                              Payment Type-

                              Other-

                              More Info
                              61241 Compare 
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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.