The Best NZ Credit Card Deals For Your 2020 Holiday Shopping

Date Nov 11, 2020
Blog category Credit Card
By Sieg C
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Black Friday and Cyber Monday are coming in hot! Great deals and big discounts await for Kiwis for the biggest sale events of the year — and much more for credit cardholders! Different credit card companies offer double points, and let you redeem great rewards too!

Take a look at some of the best credit card deals in New Zealand, and make the most out of this holiday shopping season!

Kiwibank Air New Zealand Airpoints Platinum Visa

Kiwibank Air New Zealand Airpoints Platinum Visa is one of the best travel rewards credit cards. Every $1 spent on any Air New Zealand flight is equal to 1 Airpoints Dollar. Otherwise, you earn 1 Airpoints Dollar for every $75 spent on eligible purchases, or for every $65 spent on Air New Zealand products.

  • Purchase rate: 20.95%
  • Cash advance rate: 22.95%
  • Balance transfer: 1.99% p.a. for 6 months
  • Annual fees: $150 (or $75 every 6 months)
  • Interest-free: Yes, for the first 44 days
  • Minimum repayments: 5% of your monthly balance or $10 (whichever is greater)
  • Credit limit: $8,000 minimum

ASB Visa Rewards

ASB Visa Rewards offers one of the best rewards systems among all NZ credit cards. For only every $150 spent, you get 1 True Rewards Dollar. You can redeem these as cashback earnings on different partner stores across the country — either through brick and mortar or online stores. The great thing about True Rewards Dollar is its 1:1 ratio, meaning one True Rewards Dollars is equal to one New Zealand Dollar.

  • Purchase rate: 20.95%
  • Cash advance rate: 22.95%
  • Balance transfer: 0% p.a. for 6 months
  • Annual fees: $40
  • Interest-free: Yes, for the first 55 days
  • Credit limit: $500 minimum

Flight Centre Mastercard

Flight Centre Mastercard is named as one of the best travel and foreign exchange rate credit cards in New Zealand. It’s a reward credit card that allows you to earn 1 Flight Centre Reward for every $100 spent on eligible purchases, and 2 Flight Centre for purchases from Flight Centre.

  • Purchase rate: 22.95%
  • Cash advance rate: 24.95%
  • Annual fees: $50 (plus a $55 establishment fee)
  • Interest-free: Yes, for the first 24 days

BNZ Advantage Classic

BNZ Advantage Classic offers some of the best cashback, with a rate of 0.67% and a low credit card fee of $40 per year. If you don’t fancy using cashback, they have a Fly Buys points option. Spend $40 on eligible purchases to get 1 Fly Buys point, or $150 on eligible purchases to get $1 cash back reward.

  • Purchase rate: 20.95%
  • Cash advance rate: 22.95%
  • Annual fees: $40 charged as $20 half-yearly (additional card costs $12 p.a.)
  • Interest-free: Yes, for the first 55 days

Kiwibank Low Rate Visa

From the name itself, Kiwibank Low Rate Visa has one of the lowest interest rates. They offer as low as 9.95% p.a. on purchases, cash advances, and cash withdrawals. Plus, transferring your outstanding balance from another Kiwibank account only has a charge of 1.99% p.a. for the first 6 months, provided that you make continuous minimum monthly repayments.

  • Purchase rate: 9.95%
  • Cash advance rate: 9.95%
  • Balance transfer: 1.99% p.a. for 6 months
  • Annual fees: $30 (or $15 every 6 months)
  • Interest-free: Yes, for the first 55 days
  • Minimum repayments: 5% of your monthly balance or $10 (whichever is greater)
  • Credit limit: $500 minimum

ANZ Low Rate Visa

ANZ Low Rate has one of the lowest interest rates among all free credit cards in New Zealand. This is ideal for those with a huge amount of credit card debt, as they can get 24 months reprieve on their transferred credit card debt for only 1.99% p.a. While it may not offer any rewards or bonuses like other credit cards, you benefit from their lowest interest rates, purchase rates, and other fees.

  • Purchase rate: 12.90%
  • Cash advance rate: 20.95%
  • Balance transfer: 1.99% p.a. for 24 months
  • Annual fees: $0
  • Interest-free: Yes, for the first 55 days
  • Minimum repayments: 3% of your balance or $10 (whichever is greater)
  • Credit limit: Determined upon application
  • Other fees: $12 late payment fees, and $2.50 over limit fee

ANZ CashBack Platinum

ANZ CashBack Platinum is a reward credit card that can come either as a Visa or MasterCard! Instead of reward points, this goes big on cash backs! Spend anywhere from $5,000 to $9,999, and get 0.5% cashback rate on your purchases. If you spend $10,000 or more, you get 1% cashback rate! The bigger your spending, the bigger your rewards!

  • Purchase rate: 19.95%
  • Cash advance rate: 19.95%
  • Balance transfer: Not offered
  • Annual fees: $0 for the first year; $80 per year after the first year
  • Interest-free: Yes, for the first 55 days
  • Other fees: $30 fee for joint or additional credit cards

Get the best credit card deals this November 2020

Before the biggest sale happens, make sure you have a credit card that fits your spending needs! Earn big points and rewards while buying yourself and your loved ones some early holiday presents.

Compare and find the best credit card for you here at glimp!

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Leah Te Rangi , 2021-09-28

Sign up didn't go quite the way it was meant to. But Kate called and she walked through everything so we could work out what went wrong. she was patient, friendly, supportive and kept me calm to finally get plan registration sorted ( still can't log in though - she must be magic )

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Found it really easy to find what i needed and also got a call regarding what deals might be best suited etc. Saves a lot of time. Highly reccommend glimp

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Easy site to navigate. Gave me great options that suit my household including reputable providers I wasn't familiar with.

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Good options, but ideally an option to combine & compare cost for best mobile + broadband option would be nice.