Kiwibank Zero Visa, the no annual fee low interest credit card Kiwis trust
Kiwibank Zero Visa brings no annual fee, a low 12.90% p.a. purchase rate, up to 55 interest-free days and a 1.99% p.a. balance transfer intro to help Kiwis cut card costs
Overview and benefits
The Kiwibank Zero Visa is a straightforward, no-fuss credit card many Kiwis pick when they want to cut card costs. With no annual fee and a competitive purchase rate, it’s built for everyday spending without the extras you don’t need.
As a credit card NZ option, Kiwibank Zero Visa focuses on low running costs rather than rewards, so you keep more of your money month to month. If you value simplicity and a low rate, this card stands out in the New Zealand market.
Rates, fees and interest-free days
Kiwibank Zero Visa offers a 12.90% p.a. purchase and cash advance rate, and an introductory 1.99% p.a. balance transfer for six months — handy for consolidating higher-rate balances. You also get up to 55 interest-free days on purchases when you pay the statement balance on time.
There’s no annual fee, and the minimum repayment is 5% of the statement balance or $10, whichever is greater. Always check Kiwibank’s current fee sheet before applying, as conditions and charges can change.
Eligibility and how to apply
To apply for the Kiwibank Zero Visa you generally need to be a New Zealand permanent resident with proof of income and ID. Lenders will look at your income, expenses and credit history to set a suitable credit limit, usually starting from $500.
Application is straightforward through Kiwibank online or in branch; have payslips or bank statements ready to speed things along. If you’ve got a stable income and a clean credit record, approval is typically quick and uncomplicated.
Who should pick this card and practical tips
This card suits Kiwis who want a low-cost day-to-day credit card without chasing rewards — ideal for those who pay balances monthly or need a short-term balance transfer. It’s also smart for anyone trimming monthly fees and interest charges.
Use the 55 interest-free days to manage cashflow, and consider the 1.99% p.a. balance transfer to shift debt off higher-rate cards. Pay attention to when the intro rate ends and plan repayments so you avoid higher standard rates later.