Kiwibank Platinum Visa for savvy Kiwis with low 13.95% p.a., 1.99% balance transfer and up to 55 days interest-free
Kiwibank Platinum Visa for savvy Kiwis, a low-interest NZ credit card with 13.95% p.a., 1.99% balance transfer with no fee, up to 55 days interest-free and overseas travel insurance
Smart low-rate card for everyday Kiwis
The Kiwibank Platinum Visa is a practical choice for people in Aotearoa who want a low interest credit card without flashy extras. With a headline purchase rate of 13.95% p.a., this card helps keep interest costs down when you need to carry a balance.
It’s positioned as a straightforward, dependable credit option for day-to-day spending and occasional larger purchases, offering sensible features rather than premium frills, so you won’t pay for benefits you don’t use.
Clear fees and competitive rates
Key numbers to remember: 13.95% p.a. purchase and cash advance rate, a $80 annual fee, and a promotional 1.99% balance transfer rate for six months with no transfer fee. The foreign transaction fee sits around 1.85%, which is favourable for travellers compared with many cards.
Understanding these figures makes the Kiwibank Platinum Visa attractive for anyone wanting to reduce interest charges or consolidate higher-rate debt. If you often carry a balance, the low purchase rate and cheap balance transfer offer real savings.
Travel cover and practical protections
For Kiwis who travel, the card includes complimentary overseas travel insurance for trips up to 40 days, covering medical emergencies, cancellations and luggage issues. Combined with 24-hour emergency assistance, it gives solid peace of mind when heading overseas.
While the Kiwibank Platinum Visa doesn’t include luxury perks like lounge access or big rewards programs, its travel protection and a sensible foreign transaction fee make it a strong pick for regular holidaymakers and business travellers on a budget.
Who should apply and how to get started
This card suits savvy Kiwis who prioritise a low interest rate and clear fees over reward points or high-end benefits. If you value a predictable cost structure, up to 55 days interest-free on purchases when you pay the statement balance, and the option to transfer debt cheaply, this card is worth a close look.
Applying is straightforward for NZ residents with a good credit history — gather your ID, proof of income and address, check your credit eligibility, then apply online or visit a branch. Compare rates and limits to be sure the Kiwibank Platinum Visa aligns with your financial goals before you commit.