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
61241
The American Express Platinum Card
Purchase Rate (p.a.)

-

Balance Transfer

-

Interest Free Days

Up to 44 days

The Platinum Card is a charge card where you pay your card off in full each month but earn great rewards. Earn 2 points for every $1 spent

  • Up to $300 Dining Credit a year at the best restaurants around NZ
  • Receive $200 to spend on travel each year through American Express Travel

Promotion Details

Welcome Offer: 200,000 Membership Rewards Bonus Points worth $1,500 with American Express Travel. Offer expiry date 30 May, 2022

Interest Rate Cash Advance (p.a.)-

Additional Card Fee/Joint Account-

Minimum Credit Limit-

Foreign Currency Purchases2.50% of converted amount

Overseas Travel InsuranceBuilt-in Travel Insurance

Payment Type-

Other-

More Info
American Express
60592
The American Express Gold Rewards Card
Purchase Rate (p.a.)

19.95%

Balance Transfer

-

Interest Free Days

Up to 55 days

2 Membership Rewards points per dollar spent. Use points for gift cards, travel or to pay off eligible purchases.

  • Up to $200 Dining Credit: Enjoy 2x $100 Dining Credits each year when you spend at our extensive Dining Collection of top NZ restaurants

Promotion Details

Welcome Offer: Get $300 back (Statement credit). Apply by 30 May 2022, be approved and spend $1,500 in the first 3 months. T&Cs apply. New Card Members only

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
SBS Bank
60591
SBS Pink Ribbon Visa
Purchase Rate (p.a.)

19.95%

Balance Transfer

-

Interest Free Days

Up to 55 days

SBS Bank will donate $20 to Breast Cancer Foundation NZ for every account opened successfully.

  • Every time you use your card SBS Bank will donate 5 cents to Breast Cancer Foundation NZ.
  • Earn $1 for every $150 spent on Eligible Transactions.
  • You can choose to keep your Cash Back Rewards or donate a portion of your Cash Back Rewards to Breast Cancer Foundation to make an even bigger difference!

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

Additional Card Fee/Joint Account-

Minimum Credit Limit-

Foreign Currency Purchases2% of transaction value

Overseas Travel Insurance-

Payment TypepayWave

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
    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

    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$25 per year

    Minimum Credit Limit$10,000

    Foreign Currency Purchases1.95% of transaction amount

    Overseas Travel InsuranceUp to 35 days

    Payment Type-

    Other-

    More Info
    ANZ Bank
    53081
    ANZ Cashback Visa Platinum
    Purchase Rate (p.a.)

    19.95%

    Balance Transfer

    -

    Interest Free Days

    Up to 55 days

    Up to 1% cash back on eligible purchases, with no limit on the amount of CashBack Rewards you can earn. Minimum spend of $5,000 to qualify.

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

      Additional Card Fee/Joint Account$10 p.a.

      Minimum Credit Limit$8,000

      Foreign Currency Purchases1.3% of the NZ $ amount

      Overseas Travel InsuranceNo

      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
          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

          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 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 Purchases1.95% of transaction amount

          Overseas Travel InsuranceUp to 120 days

          Payment Type-

          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
              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
                Bank of New Zealand
                53084
                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

                • Extended warranty, Purchase insurance and price guard feature

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

                Additional Card Fee/Joint Account$10 half-yearly

                Minimum Credit Limit$8,000

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

                Overseas Travel InsuranceUp to 90 days

                Payment TypeGoogle Pay & Apple Pay

                Other-

                More Info
                Flight Centre
                50588
                Flight Centre Mastercard
                Purchase Rate (p.a.)

                22.95%

                Balance Transfer

                -

                Interest Free Days

                Up to 44 days

                1.5 Flight Centre Reward for every NZ$100 spend on Standard Purchases, 3.00 Flight Centre for every NZ$100 spent in-store or online at a New Zealand Flight Centre store.

                  Promotion Details

                  Apply for a Flight Centre Mastercard by 5 June 2022 & get 50 bonus Flight Centre Rewards on approval. That’s $50 to spend at Flight Centre!

                  Interest Rate Cash Advance (p.a.)24.95%

                  Additional Card Fee/Joint AccountFree

                  Minimum Credit Limit-

                  Foreign Currency PurchasesNo international transaction fees

                  Overseas Travel Insurance

                  Payment TypeApple Pay

                  OtherA $35 fee is charged every time you make a Long Term Finance Purchase, except where it is your first Long Term Finance Purchase (where an Establishment Fee of $55 will be charged).

                  More Info
                  Farmers
                  50589
                  Farmers Mastercard
                  Purchase Rate (p.a.)

                  25.95%

                  Balance Transfer

                  -

                  Interest Free Days

                  Up to 55 days

                  Spend $10 earn 1 Farmers Club Point

                  • Add up to four additional cardholders to your account for no extra cost.

                  Promotion Details

                  Win 25,000 Farmers Club card points worth $2,000, every purchase you make from 14 May to Sunday 29 May 2022 will put you in the draw.

                  Interest Rate Cash Advance (p.a.)27.50%

                  Additional Card Fee/Joint Account-

                  Minimum Credit Limit

                  Foreign Currency Purchases 1.4% of the New Zealand dollar converted value

                  Overseas Travel Insurance

                  Payment TypeApple Pay

                  OtherA $35 fee is charged every time you make a Long Term Finance Purchase, except where it is your first Long Term Finance Purchase (where an Establishment Fee of $55 will be charged).

                  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.