Kiwibank Platinum Visa, NZ’s low-interest credit card Kiwis trust for overseas travel cover
Kiwibank Platinum Visa gives Kiwis a low-interest credit card in NZ, with a 13.95% p.a. purchase rate, modest $80 annual fee and complimentary overseas travel insurance
Overview
The Kiwibank Platinum Visa is a practical low interest credit card for Kiwis who want sensible fees and travel cover without flashy bells and whistles. With a purchase rate of 13.95% p.a. and a modest annual fee of NZ$80, the Kiwibank Platinum Visa balances cost and protection for everyday and overseas spending.
This card targets New Zealand residents who value straightforward banking: clear rates, a decent credit limit range from NZ$8,000 to NZ$20,000, and complimentary overseas travel insurance for trips up to 40 days. The card suits people who prefer savings on interest over premium perks.
Costs and key rates
Interest and fees matter. The Kiwibank Platinum Visa offers a 13.95% p.a. purchase and cash advance rate, a promotional balance transfer at 1.99% p.a. for six months with no transfer fee, and a 1.85% foreign transaction fee. Late payment fees are low, helping control costs if you slip up.
For Kiwis who sometimes carry a balance, the low purchase rate is the main draw. The up to 55 days interest-free period on purchases (when you pay your statement in full) and the balance transfer option make the Kiwibank Platinum Visa an effective tool for reducing interest charges compared with typical credit cards in NZ.
Travel cover and protections
One standout feature of the Kiwibank Platinum Visa is the complimentary overseas travel insurance included when travel is charged to the card. Cover typically includes medical emergencies, trip cancellation, loss or damage of belongings and rental vehicle excess, offering peace of mind for holidays across Asia, the Pacific or Europe.
Additional benefits include 24-hour worldwide emergency assistance and extended liability protection for card purchases. While it does not provide elite lounge access or large rewards earnings, the travel cover plus lower fees make the Kiwibank Platinum Visa a practical travel companion for many New Zealand travellers.
Who should apply and how to get started
The Kiwibank Platinum Visa is aimed at savvy Kiwis who prioritise low interest, sensible annual costs and basic travel protection over premium rewards. If you value cutting ongoing interest costs and you travel occasionally, this card is a strong contender among low interest credit cards in NZ.
Applying is straightforward online; ensure you meet standard eligibility: be over 18, resident in New Zealand and have a reasonable credit history. Compare the Kiwibank Platinum Visa to other cards for rewards or premium perks, then apply or check eligibility to secure a low-fee, travel-friendly card that matches your financial goals.