📉 Low Rate Credit Cards

New Zealand's lowest interest rate credit cards, perfect for when you need to carry a balance. Rates start from just 9.95% p.a.

✓ Rates from 9.95%
✓ Save $100s vs Standard Cards
✓ Expert Reviews
9.95%
Lowest Rate Available
10
Low Rate Cards Reviewed
$1,000+
Annual Savings Potential
2025
Up-to-Date Rates

Interest Rate Comparison

See how much you can save with New Zealand's lowest rate cards

CardPurchase RateAnnual FeeRatingAnnual Cost*
ASB Visa Flex
ASB
9.95%
p.a.
FREE
4.8/5
$498
on $5k balance
BNZ Lite Visa
BNZ
12.9%
p.a.
$30
4.3/5
$675
on $5k balance
Lending Crowd Credit Card
Lending Crowd
12.95%
p.a.
$75
4.3/5
$723
on $5k balance
ANZ Low Rate Visa
ANZ
13.9%
p.a.
$60
4.1/5
$755
on $5k balance
Co-operative Bank Fair Rate Visa
Co-operative Bank
13.95%
p.a.
$25
4.0/5
$723
on $5k balance
BNZ Lite Mastercard
BNZ
13.95%
p.a.
$25
4.2/5
$723
on $5k balance
ASB Low Rate Mastercard
ASB
14.5%
p.a.
$65
3.8/5
$790
on $5k balance
Westpac Low Rate Visa
Westpac
14.95%
p.a.
$80
3.7/5
$828
on $5k balance
SBS Bank Mastercard
SBS Bank
16.95%
p.a.
$40
3.8/5
$888
on $5k balance
BNZ Business Mastercard
BNZ
17.95%
p.a.
$120
3.9/5
$1018
on $5k balance

*Annual cost calculation includes interest on $5,000 balance plus annual fee

Detailed Card Reviews

Expert analysis of each low rate credit card

ASB Visa Flex

New Zealand's lowest interest rate credit card

4.8/5
Purchase Rate
9.95%
Annual Fee
FREE
  • 9.95% purchase rate
  • $0 annual fee
  • No foreign transaction fees

Cost Comparison

$2,000 balance: $199/year
$5,000 balance: $498/year
Savings vs 19.95%: $500/year

Best For

Rate-conscious borrowers

Min Income: $30,000
Max Limit: $15,000
Read Full Review

BNZ Lite Visa

Second-lowest rate in New Zealand

4.3/5
Purchase Rate
12.9%
Annual Fee
$30
  • 12.90% purchase rate
  • $30 annual fee
  • Simple and affordable

Cost Comparison

$2,000 balance: $288/year
$5,000 balance: $675/year
Savings vs 19.95%: $352/year

Best For

Budget-conscious borrowers

Min Income: $25,000
Max Limit: $15,000
Read Full Review

Lending Crowd Credit Card

Peer-to-peer lending credit card with exceptional rates and long promotional periods

4.3/5
Purchase Rate
12.95%
Annual Fee
$75
  • 12.95% low rate
  • 0% balance transfer for 18 months
  • P2P lending model

Cost Comparison

$2,000 balance: $334/year
$5,000 balance: $723/year
Savings vs 19.95%: $350/year

Best For

Long-term balance transfers

Min Income: $50,000
Max Limit: $40,000
Read Full Review

ANZ Low Rate Visa

Competitive low rate from major bank with reliable service

4.1/5
Purchase Rate
13.9%
Annual Fee
$60
  • 13.90% low interest rate
  • Major bank reliability
  • Established customer service

Cost Comparison

$2,000 balance: $338/year
$5,000 balance: $755/year
Savings vs 19.95%: $302/year

Best For

Rate-conscious major bank customers

Min Income: $40,000
Max Limit: $30,000
Read Full Review

Co-operative Bank Fair Rate Visa

Best balance transfer offer with ethical banking

4.0/5
Purchase Rate
13.95%
Annual Fee
$25
  • 0% balance transfer for 12 months
  • No transfer fees
  • Customer-owned bank

Cost Comparison

$2,000 balance: $304/year
$5,000 balance: $723/year
Savings vs 19.95%: $300/year

Best For

Debt consolidation

Min Income: $20,000
Max Limit: $15,000
Read Full Review

BNZ Lite Mastercard

Ultra-low fee version of BNZ's popular low rate card

4.2/5
Purchase Rate
13.95%
Annual Fee
$25
  • 13.95% competitive rate
  • Just $25 annual fee
  • BNZ digital banking

Cost Comparison

$2,000 balance: $304/year
$5,000 balance: $723/year
Savings vs 19.95%: $300/year

Best For

Budget-conscious BNZ customers

Min Income: $30,000
Max Limit: $20,000
Read Full Review

ASB Low Rate Mastercard

Competitive rate with ASB's trusted banking services

3.8/5
Purchase Rate
14.5%
Annual Fee
$65
  • 14.50% competitive rate
  • ASB customer service
  • Established banking relationship

Cost Comparison

$2,000 balance: $355/year
$5,000 balance: $790/year
Savings vs 19.95%: $272/year

Best For

ASB customers needing low rates

Min Income: $35,000
Max Limit: $30,000
Read Full Review

Westpac Low Rate Visa

Straightforward low rate option from established major bank

3.7/5
Purchase Rate
14.95%
Annual Fee
$80
  • 14.95% competitive rate
  • Major bank stability
  • Wide branch network

Cost Comparison

$2,000 balance: $379/year
$5,000 balance: $828/year
Savings vs 19.95%: $250/year

Best For

Traditional banking customers

Min Income: $40,000
Max Limit: $35,000
Read Full Review

SBS Bank Mastercard

Community bank credit card with competitive rates and personal service

3.8/5
Purchase Rate
16.95%
Annual Fee
$40
  • 16.95% competitive rate
  • Low $40 annual fee
  • Personal banking service

Cost Comparison

$2,000 balance: $379/year
$5,000 balance: $888/year
Savings vs 19.95%: $150/year

Best For

Community banking supporters

Min Income: $30,000
Max Limit: $20,000
Read Full Review

BNZ Business Mastercard

Straightforward business card with competitive rates and low fees

3.9/5
Purchase Rate
17.95%
Annual Fee
$120
  • 17.95% business rate
  • $120 annual fee
  • Business expense tracking

Cost Comparison

$2,000 balance: $479/year
$5,000 balance: $1018/year
Savings vs 19.95%: $100/year

Best For

Small to medium businesses

Min Income: $50,000
Max Limit: $75,000
Read Full Review

Why Choose a Low Rate Credit Card?

Low rate cards are perfect for when you occasionally carry a balance and want to minimize interest charges.

💰

Save Money

Low rates mean less interest paid. Save hundreds of dollars annually compared to standard rate cards.

🎯

Debt Management

Perfect for balance transfers or when you need to finance purchases over several months.

📈

Financial Control

Lower rates give you more control over your finances and help you pay off debt faster.