Business Low Rate Visa credit card

Manage your business spending with our low-rate credit card designed to give you flexibility and control. The Business Low Rate Visa helps keep interest costs down.
Kiwibank Business Low Rate Visa credit card front

Low interest on your business spending

  • Our lowest interest rate credit card — built for managing cash flow when you carry a balance.

  • Set different spend limits for each cardholder and track spending.

  • Better manage cash flow with up to 55 interest free days on purchases.

  • Automate your expenses by integrating with expense management providers.

  • Add to your phone and pay on the go with Apple Pay and Google Pay™.

How it works

  • Get up to 55 interest‑free days

    To get up to 55 days interest‑free, pay your full balance by the due date each month. This doesn’t apply to cash advances.

  • Make minimum monthly payments to avoid fees

    You’ll need to make minimum monthly payments of 5% of your monthly statement balance, or $10, whichever is greater, to make sure you don’t get charged a late payment fee.

  • Access offers & discounts

    Unlock partner offers that make it easier to track, approve and manage expenses, plus access Visa commercial offers and accounting software offers designed to support your business.

  • Protect against unauthorised use

    Visa’s Zero Liability Policy can offer protection if someone uses your card or account details without your permission. If you spot a transaction you don’t recognise, you may be able to dispute it. Eligibility requirements apply.

  • Add to your mobile wallet

    Add the card to your mobile wallet and pay with your device using Apple Pay or Google Pay. You can also make contactless payments using the physical card.

  • Manage your card online

    Manage your Business Low Rate Visa in internet banking or the mobile app, including setting or changing your PIN.

  • Integrate your accounting & expense management tools

    Share your business credit card transactions with expense management providers to easily track, approve and manage expenses in one place. And integrate your accounting software, like Xero or MYOB, to keep everything in sync.

  • Manage multiple cardholders

    You'll have one business billing account that holds the total credit limit for your business. Individual cardholders have their own credit cards and monthly spending limits. Watch our quick guide to learn more about how this works.

  • Switch your business credit card

    You can switch your Kiwibank business credit card by completing the business credit card switch form and emailing it to business.banking@kiwibank.co.nz or your Relationship Manager.

Interest rates & fees

Interest rates are subject to change.

Account fee (every quarter)

$6.25 per card

Interest rate on purchases & cash advances

738 - Business Low Rate Visa (hardcoded)

Interest free days

Up to 55

Interest free period applies provided you pay off your entire outstanding debit balance in full each month by the due date. Interest free period doesn't apply to cash advances or balance transfers.

Late payment fee

When your minimum payment isn’t received by us on or before the payment date shown in your monthly statement

$3 per late payment

Please note when your monthly statement shows an amount due immediately, any payment you make will be applied to this amount before being applied to your minimum payment. This means that you must pay both amounts to avoid being charged this fee.

International transaction fee

When you use your credit card for a foreign currency transaction that is processed overseas

  • 1.85% of the total amount

You can expect to pay the International Transaction Fee when using your card abroad, and also when in New Zealand if you are shopping with a merchant that processes transactions overseas. Transactions may still be processed overseas, even if the merchant has a website address ending in ‘.co.nz’ and charges you in New Zealand Dollars (NZD). If so, the transaction will incur the fee. Please check with the merchant if it is not clear where a transaction is processed.

Limits

Maximum amount for cash advance

The maximum amount that you can withdraw or transfer from your credit card account.

$1,000 per day from ATMs (no maximum number of withdrawals per day).

$5,000 per day over the counter from banks and financial institutions, and via internet banking (limited to two withdrawals or transfers per day).

Maximum number of cards

You can have up to 20 cards linked to a single account, each with its own individual spending limit. If you intend to apply for larger number of cards, please contact us to discuss your requirements.

Contactless transactions

For purchases up to $200 in New Zealand, just tap your card on the reader to make a purchase. For purchases over $200, you can still tap your card, but you’ll need to sign or enter your PIN to complete the transaction. Different transaction limits may apply overseas.

Apply for a Business Low Rate Visa

Have a Xero or MYOB account?

If you're a director of a New Zealand registered company with Xero or MYOB Business (Lite, Pro or AccountRight) apply online through Fast Capital.

Apply now

Download & complete the application form

Email the completed form along with your last 12 months worth of business financials to business.banking@kiwibank.co.nz.

Download form

Talk to a business banking specialist

Talk to one of our business banking specialists. They'll let you know what you need to do and what your options are.

Talk to us

Kiwibank's lending criteria, terms and conditions, and fees apply.

Credit card accounts with positive balances are protected under the Depositor Compensation Scheme.