Kiwibank Zero Visa credit card NZ no annual fee, 12.90% p.a. purchases and 1.99% p.a. balance transfer

Clear, low-cost credit designed for Kiwis

The Kiwibank Zero Visa credit card is built for everyday New Zealanders who want straightforward, affordable plastic without the fuss. With no annual fee and a purchase rate of 12.90% p.a., the Kiwibank Zero Visa offers a low-cost alternative to many cards on the market in NZ.

This card also gives you up to 55 days interest-free on purchases and a promotional 1.99% p.a. balance transfer for six months, making the Zero Visa a solid pick if you’re chasing savings on interest or consolidating higher-rate debt.

Key features and practical numbers

Important numbers to remember: 12.90% p.a. purchase and cash advance rates, 1.99% p.a. balance transfer for six months, no annual fee, and a minimum repayment of 5% or $10. The minimum credit limit starts at $500 and can be higher depending on your application profile.

There are no reward points with the Kiwibank Zero Visa, so this card is all about keeping costs down. Always check Kiwibank’s website for the latest fees and full terms before applying to make sure the offer still fits your needs.

Who should apply and how to get approved

This card is ideal for Kiwis who prioritise low ongoing costs—students, young professionals, or anyone repaying debts from higher-rate cards. To apply in NZ you’ll generally need to be a New Zealand permanent resident with a decent credit history and proof of income such as recent payslips, bank statements showing salary, or an IRD summary.

Make the process smooth: have ID (NZ driver licence or passport), recent bank statements and a payslip ready. Being honest about income, expenses, and any existing debts improves approval chances and helps Kiwibank set a realistic credit limit.

How to use it smartly and pitfalls to avoid

If you plan a balance transfer, move the high-rate balances to the Kiwibank Zero Visa early in the offer period and prioritise repayments before the six-month promo ends. After the promotional 1.99% p.a. period, any remaining balance will revert to the standard rate, so aim to clear or reduce it quickly.

Use the 55 interest-free days for regular purchases but avoid cash advances where possible, since these can attract interest immediately. Paying more than the minimum repayment each month helps you save on interest and protects your credit score.

Pros, cons and the final call

Pros: no annual fee, attractive 12.90% p.a. purchase rate, 55 days interest-free and a 1.99% p.a. balance transfer for six months. Cons: no rewards programme and the balance transfer rate is temporary. For Kiwis wanting a simple, low-cost credit card NZ-wide, the Kiwibank Zero Visa is a strong contender.

Check your eligibility, gather documents, and compare with other NZ cards if you need travel perks or rewards. If you care most about low fees and clear terms, applying for the Kiwibank Zero Visa could be a smart move for your everyday finances.