Compare the Best Credit Card Deals in NZ: Lowest Balance Transfer Rates Rewards Gold Cards Kiwibank

Compare Credit Cards Deals

Current Deals:

Other pages of interest:

Compare Gold/Platinum Credit Cards Travel insurance Cover

Lowest Annual Fee

KiwiBank Mastercard Zero
No Annual Fee if you pay for something on the card every 3 months!

The cost of the annual fee of a credit card can often outweigh cost of the rewards if you spend small amounts on the card so worth looking at.

Some banks may offer you No fee on the credit card for 1st 6 months if you have been a good or new customer. Always ask if this is possible. It has worked in the past!

Lowest Interest Rates

Best Balance Transfer Rates

These are the lowest rates when you transfer the balance of your present credit card to these companies credit cards (Must be different credit card companies).

Westpac

5.95% balance transfer rate for life
when you transfer your credit card balance/debt from another company's credit card to a Westpac Credit Card.

If you are paying off your credit card and are paying off the debt & you pay more than 5.95% you could save yourself alot of money over the life time of that debt if you transfer to deals like this.

The Warehouse Mastercard
5.99% for first 6 months on Balance Transfers plus get 1 reward point for each dollar transferred! (Annual fee $34)

Kiwibank
2.99% on balance transfers for first 6 months (ZERO ANNUAL FEE if Kiwibank Zero)

BNZ
4.99% on balance transfers for 6 months but now only on their BNZ platinum & GlobalPlus Platinum and only for 6 months. For their non platinum cards their best deal is on the BNZ Visa lite at 5.99% for 6 months

Lowest Standard Rates for Credit Cards

These are the lowest rates for standard purchases on your credit card. ie you don't need to transfer your credit card balances to get these rates. (annual fee in Brackets)

Bank Direct Low interest Visa ($60/yr) 11.95%

ASB Low interest Mastercard without True Rewards ($60/yr) 12.50%

Kiwibank Low Rate Mastercard ($50/yr) 12.90% plus 4.99% on balance transfers for first 6 months.

BNZ Lite Visa ($60) 13.25% on purchases plus 4.99% special balance transfer for life BNZ's Honey I shrunk the Debt!

Compare Credit Card Rewards

Flights

A Consumer Magazine report compared flight rewards with credit cards and showed how many flights to Sydney you would get if spent $25000/yr on your credit card:

Best

Amex Blue with turbo rewards 0.73 (card fee $163/yr)

Qantas ANZ Platinum card best cards 0.69 ($105/yr)

0.73 means 73% of the value of the flight. So you’d need to spend $25000 to get just 73% of points needed to fly to Sydney!

(Note the taxes & fuel surcharges are often not included on these frequent flyer flights and can be very expensive in these days of high fuel prices (around $100 to sydney!)

It can therefore take a lot of spending to get your rewards. Also, with any reward scheme, always consider any annual fees; you may find that you’ve been charged more in fees than you’ve saved with rewards!

Cashback reward Cards

Low spenders:

Amex Blue (fee $35 waived for 1st year)
Spend over 12 months

NZ$1 - $2,000	0.50% of eligible spend up to $2,000
NZ$2,001 - $4,500	0.75% of eligible spend between $2,001 and $4,500
NZ$4,501 +	1% of eligible spend above $4,500

Max cashback: $1100 per 12 months

Middle to high spenders:

National Bank Thoroughbred cards

Thoroughbred Card (fee $45/yr)

Spend: $2000-$7999/yr: 0.5% cashback of your spend (spend $5000 get $25 back)
           $8000-30,000/yr: 1% cashback (spend $12000 get $120)

Gold Thoroughbred Card (fee $95 but includes gold travel insurance)

Spend: $2000-7999/yr:     0.5% cashback of your spend (spend $5000 get $25 back)
           $8000-50,000/yr: 1% cashback (spend $12000 get $120)

Gold/Platinum Credit Cards

Gold credit cards offer some of the best deals if you travel at least once a year as you usually get free travel insurance. The savings from having free travel insurance alone can cover the cost of the annual fee, let alone getting free rewards on some cards.

Most Gold, Platinum or Titanium credit cards offer free travel insurance when paying for your flights & holiday costs with your credit card.

As you can see below its a minefield of information and the companies don't make it easy to compare! Each has slightly different terms & conditions.

To activate the travel insurance cover each has slightly different terms.

Some say you need to pay for the whole trip with credit card, some allow you to pay with account funds from linked bank account (ASB credit card with their ban account).

Please note: Always check the terms haven't changed since this table was published. Always check your with the card issuers before relying on this below as it is only a guide and can change at any time.
The policies & their wordings can change at any time so always check your policy before departure.

Make sure you always have proof of purchase for anything in your baggage you may want to claim as the insurance company will always ask for this.

This is the most recent information we have if looking for new card or looking to see what you get.

	type	No. of days insurance if holiday bought with card	Can I use Frequent flyer points?	Card Fee /yr
AMEX	Platinum	180	Only if bought flight with Amex destination miles	$325
ANZ	Gold Platinum	90 90	Yes but must pay 50% holiday costs on card	$80 $150
ASB	Gold Platinum	90 120	Yes Yes	$80 $170
BNZ	Gold	35	Only Air New Zealand or Flybuys & must pay any taxes etc with card	$80
KiwiBank	Gold	40	Yes but must pay other holiday costs on card	$80
National Bank	Gold Thoroughbred Gold	90 90	Yes Yes	$95 $75
GlobalPlus	Gold Platinum	35 90	Yes Yes	$105 $200
Westpac	Gold Titanium	35 120	Minimum $1000 travel costs pre-paid Min $500 travel prepaid	$70 $290

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