Gem Credit Card
Gem is a part of Latitude Financial Service which has been serving more than 2.5 million Kiwis with banking and financial services. Their products include credit cards, retail finance, insurance, and personal loans to cater to the different needs of Kiwis like home renovations to and everyday shopping. Gem can be your one-stop-shop to achieve your financing goals!
Gem Visa credit card offers competitive rates and flexible benefits, including long term interest-free deals on selected stores. What’s great is you can apply for Gem Visa online with just a few clicks! If you’re still unsure if they’re best suited for you, then head on over to our comparison page and see how it fares against other offers!
Why apply for a Gem Credit Card?
Gem makes sure that you get the best value in your credit card, including a fair interest rate, innovative payment methods, mobile management tools, and many more. The 6 months interest-free period for every $250 purchases is one of the most promising features of a Gem Visa credit card.
Best value credit card
Gem Visa credit card has all the right qualities of a best value credit card thanks to its 6 months interest-free period that’s unrivalled by any other credit card in New Zealand. With long term interest-free deals with partner stores, they can be a huge advantage for shoppers who rely on their credit card for most of their transactions.
Cardless payment
With a Gem Visa credit card, you can pay in many different ways. Once you apply for cardless payment, you can simply tap your card to make transactions of up to $80. If you want to go cashless, you can also use your mobile phone or wearable tech to pay for your Gem credit card purchases.
Gem Visa Credit Card - Rewards, Rates, Annual Fees
Fees and charges
You won’t be charged anything for 6 months on all purchases no more than $250; however, the prevailing interest rate after the interest-free term is 25.99% p.a. Other fees include a $52 annual account fee, a $55 establishment fee, and 2% interest of the purchase amount in overseas transactions.
A Gem credit card is suitable for Kiwis who can pay on time because they can easily qualify for competitive benefits that are difficult to find in other credit card deals.
Long term interest-free deals
If you’re a Gem credit cardholder, you’ll be entitled to long term interest-free deals on selected stores. Simply present your Gem Visa credit card or driver’s license at a partner store, and you’ll be advised about current promotions and interest-free deals. You can get as much as 10 months interest-free deals for purchases of $250 and over, and up to 36 months interest-free deals for purchases of $100 and above.
Gem Visa credit card FAQs
Once you’ve confirmed your eligibility (must be at least 18 years old and a permanent resident of New Zealand), you can submit your Gem credit card application online. It’ll only take up to 60 seconds for a response to your application. If they need more time to assess your application, then you’ll need to wait for about 5 business days. Once your application has been approved, you can start shopping with a cardless payment.
Yes. Gem currently doesn't accept new applications for Gem CreditLine, although it can still be used by existing cardholders. If you want to make a switch from Gem CreditLine to Gem Visa, then you’re more than free to do so.
Yes. You can withdraw up to $1,000 daily at an ATM and up to $3,000 over the counter. The maximum amount that you can withdraw, however, can vary depending on your location as some financial institutions may limit the maximum withdrawable amount in their facilities. ATM fees and over the counter cash advance charges may also apply.
