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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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
    American Express
    50576
    The American Express Airpoints Platinum Card
    Purchase Rate (p.a.)

    19.95%

    Balance Transfer

    -

    Interest Free Days

    Up to 55 days

    Every $59 you spend = 1 Airpoints Dollar. $250 spend = 1 Status Point.

      Promotion Details

      Be rewarded with 500 bonus Airpoints Dollars when you apply online by 27 September 2021, are approved and spend $1,500 on your new Card in 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 transaction amount

      Overseas Travel InsuranceBuilt-in Travel Insurance

      Payment Type-

      OtherComplimentary Smartphone Screen Insurance

      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
        Warehouse Money
        51070
        Warehouse Money Visa
        Purchase Rate (p.a.)

        19.95%

        Balance Transfer

        -

        Interest Free Days

        Up to 55 days

        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 TypepayWave

          OtherThere is a $55 One off establishment fee,.

          More Info
          ANZ Bank
          53078
          ANZ Airpoints Visa
          Purchase Rate (p.a.)

          19.95%

          Balance Transfer

          -

          Interest Free Days

          Up to 44 days

          1 Airpoints Dollar for every $130 spent on eligible purchases

            Promotion Details

            100 bonus Airpoints dollars on a new airpoints visa card.

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

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

            Minimum Credit Limit$500

            Foreign Currency Purchases1.3% of the NZ $ amount

            Overseas Travel Insurance-

            Payment TypeApple Pay & Google Pay

            Other-

            More Info
            ANZ Bank
            53079
            ANZ Airpoints Visa Platinum
            Purchase Rate (p.a.)

            19.95%

            Balance Transfer

            -

            Interest Free Days

            Up to 44 days

            Earn 1 Airpoints Dollar for every $85 you spend on eligible purchases

              Promotion Details

              250 bonus Airpoints dollars on a new Airpoints Visa Platinum card

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

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

              Minimum Credit Limit$8,000

              Foreign Currency Purchases1.3% of the NZ $ amount

              Overseas Travel InsuranceYes

              Payment TypeApple Pay & Google Pay

              Other-

              More Info
              ANZ Bank
              53080
              ANZ Cashback Visa
              Purchase Rate (p.a.)

              19.95%

              Balance Transfer

              -

              Interest Free Days

              Up to 55 days

              Up to 1% cash back on eligible purchases (on eligible spend up to $30,000, 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$500

                Foreign Currency Purchases1.3% of the NZ $ amount

                Overseas Travel Insurance-

                Payment TypeApple Pay & Google Pay

                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-

                    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

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

                      Overseas Travel Insurance-

                      Payment TypeApple Pay & Google Pay

                      Other-

                      More Info
                      Kiwibank
                      51072
                      Kiwibank Air New Zealand Airpoints Platinum Visa
                      Purchase Rate (p.a.)

                      20.95%

                      Balance Transfer

                      1.99% p.a. for 6 months

                      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.

                      • In light of COVID-19, single use Air New Zealand Lounge eVouchers will be extended by six months. 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.
                      • Access to Air New Zealand monthly prize draws

                      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
                      Kiwibank
                      51073
                      Kiwibank Air New Zealand Airpoints Standard Visa
                      Purchase Rate (p.a.)

                      20.95%

                      Balance Transfer

                      1.99% p.a. for 6 months

                      Interest Free Days

                      Up to 44 days

                      1 Airpoints Dollar for every $120 of eligible spend

                      • 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.
                      • Access to Air New Zealand monthly prize draws

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

                      Additional Card Fee/Joint Account$10 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-

                      OtherTwo complimentary single entry Lounge eVouchers each year when you spend $30,000

                      More Info
                      Westpac
                      50591
                      Westpac Airpoints 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 one Airpoints Dollar for every $130 spent on the card

                      • 50 Airpoints Dollars Advance available to you if you’re a little short on what you need for a reward

                      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 TypePayTag, Apple 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

                        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 Type-

                        Other-

                        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

                        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
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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.