Best Credit Cards in New Zealand 2025
Expert-analyzed and independently ranked. Our team reviews hundreds of cards to bring you the absolute best options in each category, updated monthly.
How We Choose the Best Cards
Our rigorous methodology ensures you get genuinely superior credit cards, not just marketing hype.
Data Analysis
Comprehensive analysis of rates, fees, benefits, and terms across all NZ banks
Expert Review
Financial experts evaluate real-world value and user experience
Customer Feedback
Real user experiences and satisfaction ratings factor into rankings
Monthly Updates
Rankings updated monthly to reflect current offers and market changes
Cards from New Zealand's Most Trusted Banks
All recommended cards come from established, regulated financial institutions.
Our Categories
We analyze cards across four key categories to match your specific needs.
Best Rewards Cards
Top-earning cards for points, cashback, and travel rewards
ANZ
ANZ Airpoints Visa Platinum
Why This Card Won:
Highest Airpoints earning rate and excellent travel benefits make this ideal for frequent travelers.
- 1 Airpoint per $75 spent
- Complimentary annual domestic flight
- Travel insurance included
- Purchase protection
- Price protection guarantee
Interest Rate
20.95% p.a.
Annual Fee
$150
Rewards Rate
1.33%
Min. Income
$50,000
Pros
- + Best Airpoints earn rate in NZ
- + Comprehensive travel insurance
- + Annual flight benefit
Cons
- − High annual fee
- − High interest rate
- − Requires good credit score
ASB
ASB True Rewards Platinum
Why This Card Won:
Simple 1% cashback with no caps or complex redemptions - excellent for everyday spenders.
- 1% True Rewards cashback
- No cap on rewards earning
- Automatic cashback credits
- Travel insurance included
- Extended warranty
Interest Rate
20.95% p.a.
Annual Fee
$80
Rewards Rate
1%
Min. Income
$40,000
Pros
- + Uncapped cashback
- + Lower annual fee than competitors
- + Automatic cashback
Cons
- − Lower earn rate than premium cards
- − Limited premium benefits
- − High interest rate
Best For Travelers
ANZ Airpoints Platinum offers the best value for frequent travelers with its 1:$75 earn rate and comprehensive travel benefits.
Best For Simplicity
ASB True Rewards provides straightforward 1% cashback with no caps or complex redemption requirements.
Break-Even Analysis
Need $15,000+ annual spending to justify premium cards. Consider no-fee options for lower spending.
Best Low Rate Cards
Lowest interest rates for carrying a balance
Kiwibank
Kiwibank Low Rate Visa
Why This Card Won:
Lowest interest rate in the market, perfect for balance transfers and debt consolidation.
- Market-leading 12.95% p.a. rate
- 55 days interest free
- 0% balance transfer for 6 months
- No rewards program
- Online account management
Interest Rate
12.95% p.a.
Annual Fee
$50
Rewards Rate
No rewards
Min. Income
$30,000
Pros
- + Lowest available interest rate
- + Affordable annual fee
- + Balance transfer offer
Cons
- − No rewards program
- − Limited premium features
- − Basic benefits package
ANZ
ANZ Low Rate Visa
Why This Card Won:
Competitive low rate from NZ's largest bank with excellent digital banking platform.
- 13.90% p.a. interest rate
- 55 days interest free
- Balance transfer options
- Basic fraud protection
- Online banking integration
Interest Rate
13.9% p.a.
Annual Fee
$58
Rewards Rate
No rewards
Min. Income
$25,000
Pros
- + Competitive rate
- + Strong bank backing
- + Good digital features
Cons
- − Slightly higher rate than Kiwibank
- − No rewards
- − Basic benefit package
Interest Rate Leader
Kiwibank offers the lowest rate at 12.95% p.a., saving hundreds annually on carried balances.
When to Choose
Perfect if you occasionally carry a balance or want the security of low rates without rewards complexity.
Savings Calculator
On $5,000 balance, low-rate cards save $400+ annually compared to standard reward cards.
Best Balance Transfer Cards
Move debt with 0% promotional rates
Westpac
Westpac Balance Transfer Visa
Why This Card Won:
Longest 0% balance transfer period in NZ market with no transfer fees.
- 0% p.a. on transfers for 12 months
- No balance transfer fees
- 55 days interest free on purchases
- Online balance tracking
- Flexible payment options
Interest Rate
15.95% p.a.
Annual Fee
$45
Rewards Rate
No rewards
Min. Income
$30,000
Pros
- + 12 months 0% on transfers
- + No transfer fees
- + Reasonable ongoing rate
Cons
- − No rewards program
- − Limited premium benefits
- − Moderate annual fee
BNZ
BNZ Advantage Platinum Visa
Why This Card Won:
Only balance transfer card that also offers ongoing rewards and premium benefits.
- 0% p.a. on transfers for 6 months
- 0.5% cashback on purchases
- Purchase protection
- Extended warranty coverage
- Travel insurance
Interest Rate
19.95% p.a.
Annual Fee
$90
Rewards Rate
0.5%
Min. Income
$35,000
Pros
- + Balance transfer + rewards
- + Comprehensive benefits
- + Strong bank backing
Cons
- − Shorter 0% period
- − Higher annual fee
- − Lower rewards rate
Longest 0% Period
Westpac offers 12 months at 0% with no transfer fees - the most generous offer in NZ.
Strategy Tips
Calculate total savings including ongoing rates. Set up automatic payments to clear debt during 0% period.
Eligibility Note
Transfer offers require good credit history and proof of ability to service the debt.
Best Business Cards
Designed for business owners and entrepreneurs
ANZ
ANZ Business One Visa
Why This Card Won:
Best business card for cashback with excellent expense management tools.
- 0.75% cashback on business spending
- Expense tracking and reporting
- Employee card management
- Travel insurance for business trips
- Purchase protection
Interest Rate
19.95% p.a.
Annual Fee
$95
Rewards Rate
0.75%
Min. Income
$75,000
Pros
- + Cashback for businesses
- + Strong expense tracking
- + Employee card features
Cons
- − Lower earn rate than personal cards
- − Business-only benefits
- − Income verification required
ASB
ASB Business Rewards Visa
Why This Card Won:
Highest rewards earning rate for business spending with comprehensive expense management.
- 1 True Rewards point per $1 spent
- Business expense categorization
- Multiple employee cards included
- Quarterly spending reports
- Business travel insurance
Interest Rate
20.95% p.a.
Annual Fee
$120
Rewards Rate
1.2%
Min. Income
$100,000
Pros
- + Highest business rewards rate
- + Excellent reporting features
- + Multiple employee cards
Cons
- − Higher income requirement
- − More expensive annual fee
- − Complex rewards structure
Best for Cash Flow
ANZ Business One provides immediate cashback to help with business cash flow management.
Expense Management
ASB Business Rewards offers superior reporting and categorization for tax and accounting purposes.
Tax Considerations
Business card rewards may be considered fringe benefits. Consult your accountant for tax implications.
Ready to Choose Your Perfect Credit Card?
Compare these winners side-by-side or find cards based on your specific spending patterns.