Kiwibank Low Rate Credit Card review for Kiwis with 9.95% p.a., $30 annual fee and up to 55 days interest-free
Kiwibank Low Rate Credit Card with 9.95% p.a., $30 annual fee and up to 55 days interest-free, a no-frills low rate credit card in NZ that helps Kiwis cut interest costs
Quick overview of the Kiwibank Low Rate Credit Card
The Kiwibank Low Rate Credit Card is a straightforward, no-frills low rate credit card in NZ designed to cut interest costs for everyday Kiwis. With a purchase rate of 9.95% p.a. and a modest $30 annual fee, it’s one of the most competitive low interest credit cards available in New Zealand.
This card offers up to 55 days interest-free on purchases when you pay the statement balance on time, and the same low 9.95% p.a. rate applies to cash advances. If you’re after simplicity and savings rather than rewards, the Kiwibank Low Rate Credit Card is worth a close look.
Key features and cost breakdown
Core benefits include a 9.95% p.a. purchase rate, 9.95% p.a. cash advances, and an annual fee of $30 charged as $15 every six months. There’s also a balance transfer promotion: 1.99% p.a. for six months on transfers from non-Kiwibank cards, which can help clear existing debt faster.
Other fees are low and transparent — a small additional cardholder fee and a modest foreign transaction percentage — making this Kiwibank Low Rate Credit Card a practical choice for budget-conscious customers across NZ who want to minimise interest charges.
Who the card suits and eligibility
The Kiwibank Low Rate Credit Card suits Kiwis who occasionally carry a balance or want a reliable, low-cost backup card. It’s ideal for low-to-moderate spenders, those paying down debt, and anyone who doesn’t need cashback or extensive perks. The minimum credit limit typically starts at $500, so it’s accessible for many people.
To apply you’ll generally need to be 18+, a NZ resident or citizen, and have a reasonable credit history. If you prefer rewards, travel insurance, or premium extras, this card isn’t aimed at you — it’s built to keep interest and fees down, plain and simple.
Making the most of the card and next steps
To get the best from the Kiwibank Low Rate Credit Card, clear your balance each month to use the up to 55 days interest-free period, avoid cash advances where possible, and consider the balance transfer offer if you have higher-rate debt. Use Kiwibank’s online banking and mobile app to track spending and set payment reminders.
If cutting interest costs matters to you, the Kiwibank Low Rate Credit Card is a smart, fuss-free option in NZ. Compare it with other low rate credit cards, check the full terms on the Kiwibank website or pop into a branch, and apply when you’re ready to lock in a lower rate and simpler fees.