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

    Promotion Details

    We have teamed up with some of NZ's leading retailers and put together these great offers just for you! From 30 Nov - 3 Jan 2021, WIN your money back with Noel Leeming, save $20 when you spend $150 1day.co.nz, 30% off Torpedo7

    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 TypepayWave

    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 TypepayWave

      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 TypepayWave

        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
        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.

        Promotion Details

        $0 annual card fee for the first year. Saving you $80

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

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

        Minimum Credit Limit$5,000

        Foreign Currency Purchases-

        Overseas Travel InsuranceNo

        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$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
          Bank of New Zealand
          60499
          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

            Promotion Details

            Get an extra $75 cash back or 500 Flybuys when you spend $1,500 in the first three months.

            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

            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
            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
              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

                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 TypeTap & Go

                Other-

                More Info
                Bank of New Zealand
                60498
                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

                  Promotion Details

                  Get an extra $150 cash back or 1,000 Flybuys when you spend $2,500 in the first three months.

                  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.

                    Promotion Details

                    Every purchase between 7 Nov - 31 Dec 2020 is a chance to win $10K plus 10 $250 flight centre gift cards up for grabs

                    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 Purchases2% of the purchase or cash advance

                        Overseas Travel Insurance-

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

                        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).

                        Promotion Details

                        Enjoy a minimum of 3 months zero interest, zero payments* on every purchase and be in to WIN^ the Ford of your dreams.

                        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 , Google 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.