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
    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
    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
      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

        For a limited time, you could earn 200 bonus Airpoints Dollars when you take out a new ANZ Airpoints Visa and spend $1,000 on eligible purchases in the first three months.

        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, and 1 Status Point for every $250 you spend on eligible purchases.

          Promotion Details

          For a limited time, you could earn 400 bonus Airpoints Dollars when you take out a new ANZ Airpoints Visa Platinum and spend $1,000 on eligible purchases in the first three months.

          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$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
                  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 $85 of eligible spend. Earn one Status Point for every $200 of eligible spend.

                  • Access to Air New Zealand monthly prize draws

                  Interest Rate Cash Advance (p.a.)20.95%

                  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
                  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

                  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 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

                    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
                    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
                    Westpac
                    50573
                    Westpac Airpoints Platinum Mastercard
                    Purchase Rate (p.a.)

                    20.95%

                    Balance Transfer

                    5.95% for the life of the balanced transfered

                    Interest Free Days

                    Up to 44 days

                    Earn 1 Airpoints Dollar for every $85 spent on the card. Earn one Status point for every $225 spent on the card

                    • Extended Warranty Insurance of 12 months for goods purchased and Purchase Protection
                    • Your Airpoints Dollars will never expire, as long as you’re a cardholder
                    • up to 35 days of overseas travel insurance
                    • 200 Airpoints Dollars Advance available to you if you’re a little short on what you need for a reward

                    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 TypePayTag, Apple 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
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                      50581 Compare 
                      50582 Compare 
                      50583 Compare 
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                      50588 Compare 
                      50589 Compare 
                      50591 Compare 
                      48926 Compare 

                      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.