Interest rate change due to COVID-19

To help support businesses through the impacts of COVID-19, we've temporarily reduced the standard interest rate on the Kiwibank Business Mastercard from 16.90% p.a. to 9.95% p.a. from 15 April 2020 to 15 July 2020.

This means any interest charged on statements issued between those dates will be applied at this lower interest rate. This applies regardless of when you made the transaction or when interest started to accrue. Statements issued 16 July 2020 onwards will have interest charged at the standard interest rate.


Why Business Mastercard®?

  • standard low interest rate.

  • Up to 55 days interest free if you repay the entire outstanding debit balance in full by the due date each month (this doesn’t apply to balance transfers or cash advances).

  • Low minimum monthly repayments to help when cashflow is tight — $10 or 5% of the outstanding debit balance, whichever is greater.

How it works

  • Get a card for every employee who needs one — you can set different card limits for each cardholder under the same account.
  • Statements break down who spent what, so you’ve got an audit trail if you need it.
  • Use Contactless™ to pay for purchases under $200 without signing or entering a PIN.
  • SecureCode and chip technology protection.

What it costs

See our credit card fees.


Mastercard is a registered trade mark of Mastercard International Incorporated. Contactless is a trade mark of Mastercard International Incorporated. Kiwibank's lending criteria, terms and conditions, and fees apply.