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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Warehouse Money
56395
Warehouse Money Visa
Purchase Rate (p.a.)

19.95%

Balance Transfer

-

Interest Free Days

Up to 55

5% off your shopping at The Warehouse

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

Additional Card Fee/Joint Account$0.00

Minimum Credit Limit-

Foreign Currency Purchases2.00% of transaction

Overseas Travel Insurance-

Payment Type-

Other-

More Info
SBS Bank
56392
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 Purchases-

Overseas Travel Insurance-

Payment Type-

Other-

More Info
Warehouse Money
56408
Purple Visa
Purchase Rate (p.a.)

22.90%

Balance Transfer

-

Interest Free Days

Up to 55

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

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 Type-

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
ANZ Bank
59000
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.

  • Spend between $5,000 and $9,999 and get 0.5% cash back – e.g. spend $9,000, get $45.
  • Spend over $10,000 and get 1.0% cash back – e.g. spend $50,000, get $500.

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

Additional Card Fee/Joint Account$10 p.a. (charged $5 half yearly)

Minimum Credit Limit$5,000

Foreign Currency Purchases0% commission on foreign cash purchases from any ANZ branch in New Zealand

Overseas Travel InsuranceUse your card to pay for at least half your pre-paid travel expenses and you'll get Overseas Travel Insurance for your trip.

Payment TypeApple Pay & Google Pay

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

20.95%

Balance Transfer

0% p.a. for 6 months

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
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

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
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$15 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
Westpac
56405
Westpac hotpoints 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 1 hotpoint for every $1 spent on your card

Promotion Details

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

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

Additional Card Fee/Joint Account$15 per year

Minimum Credit Limit$500

Foreign Currency PurchasesPay no international transaction fee

Overseas Travel Insurance-

Payment Type-

Other-

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

18.95%

Balance Transfer

0% p.a. for 6 months

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
Flight Centre
56409
Flight Centre Mastercard
Purchase Rate (p.a.)

22.95%

Balance Transfer

-

Interest Free Days

Up to 44 days

You'll earn double Flight Centre Rewards on in-store and online purchases at Flight Centre New Zealand.

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

Other-

More Info
Farmers
56410
Farmers Mastercard
Purchase Rate (p.a.)

25.95%

Balance Transfer

-

Interest Free Days

Up to 55 days

Spend $10 earn 1 Farmers Club Point

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

Additional Card Fee/Joint Account-

Minimum Credit Limit

Foreign Currency Purchases

Overseas Travel Insurance

Payment TypeApple Pay

Other-

More Info
Gem
48926
Gem Visa
Purchase Rate (p.a.)

25.99%

Balance Transfer

-

Interest Free Days

55 days on purchases under $250

When you spend $250 and over at 40 million locations where Visa is accepted, you automatically get 6 months interest free

Interest Rate Cash Advance (p.a.)25.99%

Additional Card Fee/Joint Account-

Minimum Credit Limit-

Foreign Currency Purchases-

Overseas Travel Insurance-

Payment Type-

Other-

More Info
Q Mastercard
56411
Q Mastercard
Purchase Rate (p.a.)

25.99%

Balance Transfer

-

Interest Free Days

3 months

No payments and no interest for three months (Payment Holiday) is available on all Q Mastercard Standard Purchases (excludes cash advances) in store and online

  • Q Mastercard gives you access to long term finance offers and deals at participating retailers nationwide
  • A $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 will be charged).

Interest Rate Cash Advance (p.a.)27.25%

Additional Card Fee/Joint Account$0

Minimum Credit Limit-

Foreign Currency Purchases1.4% of the NZD converted value

Overseas Travel Insurance-

Payment TypeApple Pay

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.