Credit Card
Comparison
If you’re looking to compare credit cards in New Zealand, you’ve come to the right place. We’ve compiled a list of some of the best credit cards on the market, so you can find the right one for your needs. Lets look at some of the best credit cards options in New Zealand and see which one offers the best rates and terms.
Understand the different types of credit cards on offer
New Zealand offers a wide variety of credit cards, each with different features and benefits. So how do you know which one is right for you?
The first step is to understand the different types of credit cards on offer. There are three main types:
- Balance transfer credit cards These cards offer 0% interest on balance transfers for a set period of time, usually between 12 and 24 months. This can be a great way to save on interest if you have a balance on another credit card.
- Low interest rate credit cards These cards offer low ongoing interest rates, making them a good choice for everyday spending.
- Rewards credit cards These cards offer rewards points for every dollar you spend, which can be redeemed for cashback, merchandise, travel or other rewards. Once you’ve decided which type of credit card is right for you, it’s time to compare the different offers on the market.
What to look out for when comparing credit cards in New Zealand?
Some things to look for include:
- Interest rates: Make sure you understand the interest rates and fees associated with the card.
- Rewards program: Compare the different rewards programs on offer and make sure you understand how they work.
- Annual fee: Some credit cards come with an annual fee, so make sure you factor this into your decision. •
- Eligibility requirements: Each credit card has different eligibility requirements, so make sure you check that you meet the criteria before you apply.
By doing your research and comparing the different offers on the market, you can be sure you’re getting the best credit card for your needs.
Credit card comparison
Whether you’re looking for a low interest rate, a rewards program or a card with low fees, we’ve got you covered. We’ve also compared some of the features of each card, so you can make an informed decision about which one is right for you. So, without further ado, here are some of the best credit cards in New Zealand:
ANZ Low Rate Mastercard :
If you’re looking for a Mastercard with a low interest rate, the ANZ Low Rate Mastercard could be a good option. It has a low ongoing interest rate of 13.49% p.a., which is one of the lower rates on the market for a Mastercard.
It also has a 55-day interest-free period on purchases, so you can avoid paying interest on your purchases if you pay them off within this period. The ANZ Low Rate Mastercard also comes with a number of other features and benefits, including a $0 annual fee for the first year ($55 p.a. thereafter), and up to 44 days interest-free on purchases if you pay your balance in full each month.
You’ll also earn 0.5 ANZ Rewards points per $1 spent on eligible purchases, which can be redeemed for a range of rewards, including travel, merchandise, and gift cards. If you’re looking for a Mastercard with low interest rates and a range of features and benefits, the ANZ Low Rate Mastercard could be a good option for you.
Westpac Altitude Black Mastercard :
If you’re a keen traveler who wants to make the most of your points, the Westpac Altitude Black Mastercard is worth considering.
With a bonus of 60,000 points on sign-up and the ability to transfer points to a number of different airline programs, it’s a card that can help you get where you want to go – and fast. The Westpac Altitude Black Mastercard comes with a $250 annual fee, but this is offset by the fact that you earn 2 points per dollar spent on eligible purchases, with no limit to the amount of points you can earn.
The sign-up bonus of 60,000 points is also worth $750 when redeemed for travel through the Altitude Rewards program, so you’re already ahead if you plan to use your points for this purpose.
One of the great things about the Westpac Altitude Black Mastercard is the ability to transfer points to a number of different airline programs. This includes Virgin Australia, Singapore Airlines, Emirates and Qatar Airways, among others. This means that you have a lot of flexibility when it comes to redeeming your points, and you can transfer them to the program that best suits your travel plans.
The Westpac Altitude Black Mastercard also comes with a number of other perks, including complimentary insurances, 24/7 concierge service and access to a range of exclusive events and experiences. If you’re looking for a credit card that will help you make the most of your travel points, the Westpac Altitude Black Mastercard is definitely worth considering.
ASB Visa Platinum Card :
There are many reasons to consider the ASB Visa Platinum Card, whether you are looking for a new primary credit card or simply want to add another card to your wallet for the rewards and perks. Here are some of the key reasons to choose the ASB Visa Platinum Card.
1. Rewarding Points Program The ASB Visa Platinum Card offers a rewarding points program that lets you earn points for every dollar you spend. You can then redeem your points for a variety of valuable rewards, including travel, merchandise, and statement credits.
2. Generous Sign-Up Bonus When you sign up for the ASB Visa Platinum Card, you can earn a generous sign-up bonus of 40,000 points. To qualify, you must spend at least $3,000 within the first 90 days of account opening.
3. Competitive APR The ASB Visa Platinum Card offers a competitive APR, starting at just 16.24%. This is a great rate for a rewards credit card, especially if you plan on carrying a balance from month to month.
4. Comprehensive Insurance Package When you use your ASB Visa Platinum Card to pay for your travel expenses, you’ll automatically be covered by a comprehensive insurance package. This includes coverage for trip cancellation, lost or stolen luggage, and more.
5. No Foreign Transaction Fees If you travel frequently, you’ll appreciate that the ASB Visa Platinum Card doesn’t charge any foreign transaction fees. This can save you a significant amount of money, especially if you travel often to countries with high currency exchange rates.
6. Exclusive Cardholder Perks As an ASB Visa Platinum Cardholder, you’ll enjoy a variety of exclusive perks, including access to VIP lounges at select airports, concierge service, and more.
7. Flexible Payment Options With the ASB Visa Platinum Card, you have the flexibility to choose how you want to pay your bill. You can pay in full each month, or you can choose to carry a balance and pay interest on your outstanding balance. 8. 0% Intro APR on Balance Transfers If you’re carrying a balance on another credit card, you can save money by transferring your balance to the ASB Visa Platinum Card. For a limited time, you’ll enjoy a 0% intro APR on balance transfers for the first 18 months. After that, a variable APR will apply.
9. No Annual Fee Despite all of the valuable benefits and perks, the ASB Visa Platinum Card doesn’t charge an annual fee. This makes it an excellent choice for anyone who wants to earn rewards without having to pay an annual fee.
10. Excellent Customer Service If you ever have any questions or problems with your ASB Visa Platinum Card, you can count on excellent customer service. Representatives are available 24/7 to help you with any issues you may have. The ASB Visa Platinum Card is a great choice for anyone who wants to earn rewards and enjoy valuable perks and benefits. With no annual fee and a competitive APR, it’s easy to see why this card is so popular.
Kiwibank Platinum Visa :
Kiwibank’s Platinum Visa comes with a number of great features and benefits, including a competitive interest rate, a generous credit limit and a range of exclusive perks and privileges. However, it’s important to be aware of the fees and charges that come with this card, so you can make the most of its features without incurring any unnecessary costs.
The annual fee for the Kiwibank Platinum Visa is $120, and there is also a foreign currency conversion fee of 3%.
Balance transfer fees apply if you transfer a balance from another card, and are either 4% of the amount transferred (with a minimum of $20) or $10, whichever is greater.
Cash advance fees are also applicable, at 3% of the amount withdrawn (with a minimum of $5).
Late payment and dishonour fees will be charged if you miss a payment or your payment is dishonored, and are $20 and $10 respectively. If you go over your credit limit, you’ll be charged a $20 overlimit fee.
The Kiwibank Platinum Visa comes with a number of interest-free days, meaning you won’t be charged interest on purchases if you pay your balance in full by the due date.
However, if you do carry a balance over from month to month, the standard interest rate is 21.95% p.a. Overall, the Kiwibank Platinum Visa is a great option for those who are looking for a competitive interest rate, a generous credit limit and a range of exclusive perks and privileges.
However, it’s important to be aware of the fees and charges that come with this card, so you can make the most of its features without incurring any unnecessary costs.
BNZ Advantage Platinum Visa :
If you’re looking for a premium credit card that offers a host of perks and features, the BNZ Advantage Platinum Visa could be the perfect choice for you. This card comes with a competitive interest rate, a generous credit limit, and a range of exclusive benefits and privileges. Here are just some of the reasons why the BNZ Advantage Platinum Visa could be the right credit card for you:
Competitive interest rate: The BNZ Advantage Platinum Visa offers a competitive interest rate on both purchases and cash advances. This means you can save money on interest charges if you carry a balance on your card.
Generous credit limit: With a credit limit of up to $20,000, you’ll have plenty of room to make the purchases you need.
Exclusive benefits and privileges: As a BNZ Advantage Platinum Visa cardholder, you’ll enjoy a range of exclusive benefits and privileges, including access to a dedicated concierge service, complimentary travel insurance, and more. If you’re looking for a premium credit card with a competitive interest rate and a host of exclusive benefits and privileges, the BNZ Advantage Platinum Visa could be the perfect choice for you.
Compared a range of credit cards in New Zealand
There are a number of different credit cards on the market in New Zealand, and it can be difficult to compare them all. This is why we’ve done the hard work for you and compared a range of credit cards in New Zealand, so you can find the best one for your needs. We’ve looked at a range of factors including interest rates, annual fees, rewards programs and more to find the best credit cards in New Zealand.
Best Overall Credit Card:
ANZ First : The ANZ First credit card is our top pick for the best overall credit card in New Zealand. This card offers a low interest rate on both purchases and cash advances, as well as a number of other perks including a rewards program and a low annual fee.
Best Low Interest Credit Card:
ASB Low Rate Mastercard The ASB Low Rate Mastercard is our pick for the best low interest credit card in New Zealand. This card offers a low interest rate on both purchases and cash advances, as well as a number of other perks including a rewards program and a low annual fee.
Best Rewards Credit Card:
Westpac Altitude Black The Westpac Altitude Black credit card is our pick for the best rewards credit card in New Zealand. This card offers a generous rewards program, as well as a number of other perks including a low interest rate on purchases and a low annual fee.
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