Co-operative Bank Fair Rate Credit Card NZ review, 0% balance transfers for 6 months, NZ$20 p.a., low-cost pick for Kiwis
No-nonsense low-fee Fair Rate card from The Co-operative Bank in NZ, 0% balance transfers for six months, NZ$20 p.a. and 24/7 fraud protection for Kiwis
Quick overview of the Fair Rate Credit Card
The Co-operative Bank Fair Rate Credit Card is a straightforward, low-cost option for Kiwis who want a no-fuss credit card. With a headline purchase and cash advance rate of 12.95% p.a. and a small NZ$20 p.a. fee billed NZ$10 every six months, this card keeps ongoing costs minimal.
This Fair Rate Credit Card is ideal for people who prefer to manage debt sensibly and avoid flashy extras. It offers up to 55 days interest-free on purchases when you pay your statement in full and no balance transfer fee during the promotional period.
Balance transfers, fees and practical costs
One of the key draws is the 0% p.a. balance transfer offer for six months, which makes this card a solid pick if you want to consolidate higher-interest cards. After six months the rate reverts to the standard 12.95% p.a., still lower than many competitors in NZ.
Aside from the NZ$20 p.a. fee, other charges to note are a 2.5% foreign transaction fee and a modest late payment fee. The overall fee structure keeps this Fair Rate Credit Card attractive for everyday Kiwis who care about predictable costs.
Security, digital banking and Mastercard perks
Security is strong on the Fair Rate Credit Card: 24/7 fraud monitoring and Mastercard’s Zero Liability protection give peace of mind for online shopping and travel. Real-time notifications via the bank’s app help spot anything unusual straight away.
The card supports contactless Tap & Go and ties into The Co-operative Bank’s mobile banking, so customers can freeze cards, view transactions and set alerts on the go. Additional Mastercard Priceless Specials offers add occasional value without inflating the fee.
Who should apply and how to get started
If you’re a Kiwi wanting low-yearly costs, clear balance transfer terms and decent ongoing rates, the Fair Rate Credit Card is worth considering. It’s particularly useful for those paying down debt or who want a dependable everyday card without a rewards chase.
To apply you need to be over 18, a NZ citizen or permanent resident and happy to join The Co-operative Bank as a member. The online application is straightforward and the membership angle gives you a say in how the bank runs things — a nice local touch for customers in Aotearoa.