Westpac Hotpoints Platinum MasterCard NZ review, a Kiwi favourite for 1.5 Hotpoints, free travel insurance and 5.95% balance transfers

Why the Westpac Hotpoints Platinum MasterCard suits Kiwis

The Westpac Hotpoints Platinum MasterCard is a solid pick for New Zealanders who want rewards and practical protections. With 1.5 Hotpoints per $1 spent up to $7,000 and 1 Hotpoint per $1 after that, everyday shopping quickly turns into travel or retail credit.

Kiwi cardholders also get complimentary overseas travel insurance and extended warranty cover, which makes the card useful for people who travel across the Tasman or buy electronics and appliances at home.

Rewards, limits and everyday value

Hotpoints are redeemable for flights, accommodation, car hire and retail vouchers, so the Westpac Hotpoints Platinum MasterCard works well for families and frequent travellers. The card’s points earning structure rewards higher monthly spend while still giving value on smaller purchases.

Be aware of the annual fee ($70 per year billed in two instalments) and the minimum credit limit expectations from Westpac; for many Kiwis the rewards outweigh the cost if you use the benefits regularly.

Travel insurance, purchase protection and warranties

The complimentary overseas travel insurance included with the Westpac Hotpoints Platinum MasterCard covers a range of common issues travellers face, offering peace of mind when flying out of Auckland, Wellington or Christchurch. This makes it attractive for those planning short getaways or longer overseas trips.

Purchase protection and extended warranties add another layer of value: they safeguard big-ticket buys against accidental damage or manufacturer faults beyond the standard warranty period, which is handy in a market where electronics and whiteware are significant purchases.

Rates, balance transfers and who should apply

For Kiwis carrying balances, the 5.95% balance transfer rate for the life of the transferred balance is a compelling reason to consider this card. Standard purchase and cash advance rates are higher, so it’s best used by those who pay in full monthly or use the balance transfer offer strategically.

Applying as a New Zealand resident typically requires ID and proof of income such as payslips or IRD evidence. If you travel often, spend enough to earn Hotpoints, or want a cheap balance transfer option, the Westpac Hotpoints Platinum MasterCard is worth comparing with other NZ credit cards.