6-month interest-free balance transfer offer. A credit card with a low ongoing interest rate for your everyday purchases. 1 T&Cs, eligibility criteria, fees and charges apply (including annual fee, currently $58). for 15 months with no Balance Transfer Fee. on purchases and cash advances. From July 2019 the Low Rate card will sit at 9.95 per cent p.a. While credit cards in New Zealand typically have interest rates that range from 16.95% to 20.95% per annum (p.a. Thank you for applying for the Low Rate Credit Card from American Express ®. The DCU Visa® Platinum Secured Credit Card has one of the lowest interest rates for a secured card at 13.00% variable. What is a low interest rate credit card? Before you begin, please confirm the following: Are aged 18 years of age or over; Have a good credit rating* Earn and/or have asset sources that provide an income of NZ$30,000 p.a. 2 Reverts to standard balance transfer rate, currently No data found. Our Fair Rate Credit Card charges the same low-interest rate of 12.95% p.a. All credit cards charge a certain rate of interest on purchases and cash advances. Our lowest interest rate on purchases, 9.95. Even if you're stuck with a small credit card debt, getting this card could save you hundreds of dollars and even up to $1,000 in interest charges alone. ), low rate cards offer standard variable rates as low as 12.69% p.a.
Up to 55 interest free days on purchases. BNZ Low Rate Mastercard Our View: This is the best credit card if you want to transfer a balance.You'll get 0% interest for 12 months and a low "life of balance" interest rate after that. As a responsible Credit provider, American Express is obligated to set approval criteria. It also has no annual fee, which allows you to maximize savings. Interest rates and fees. Kiwibank will reduce its interest on its Low Rate credit cards to under 10 per cent for the first time. Whether you want a card that earns rewards or a low interest rate, we’ve got you covered. Annual account fee. Spread the costs of your purchases with a BNZ Lite Visa card - ideal if you don’t pay off your credit card in full each month and want to save on interest costs. That’s down from 0.63 percent a year ago and marks the lowest level since the second quarter of 1994, when the rate hit its all-time low of 0.56 percent. To be included in Canstar’s business credit cards star ratings, the low rate card must have a credit limit of $10,000, available at the time of application. Low interest rate cards offer you a lower ongoing interest rate for purchases than standard credit cards. Apply online. Business Low Fee Card. 0% p.a. Account fee (every six months) Waived for the first year for Tertiary or Graduate Pack customers taking up a Kiwibank Credit Card for the first time. Interest rates are subject to change. Cash advance interest rate of 9.95. The low rate option may be suited for a business that is revolving debt on the card from month to month. What is it? While there are cards that have purchase rates that reach 22-23% p.a., there are also cards that offer a much lower purchase rate, usually ranging between 9% and 14% p.a. The important numbers. for purchases and cash advances.