Low Rate Mastercard benefits and features

Interest rates

  • Our lowest purchase interest rate of

  • Cash advance interest rate of

  • Up to 55 interest-free days on purchases – the interest-free period doesn’t apply to cash advances

  • To qualify for 55 days interest free, you’ll need to pay off your entire balance by the due date each month.

Fees, limits and payments

  • $24 account fee every six months
  • Joint/additional cardholder account fee of $5 every six months
  • Minimum credit limit of $500
  • 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
  • If your minimum payment isn’t made by the due date, you’ll be charged a $5 fee per late payment. If you have an amount due immediately, you'll need to pay this as well as your minimum payment to avoid a late payment fee.

See all credit card rates and fees

Apply now

To apply for Low Rate Mastercard, you must be at least 18 years of age, a New Zealand resident, and have a good credit history.

If you’re not already a Kiwibank customer, we’ll need to see some ID to verify your identity and your address. Find out more.

If you're a Tertiary or Graduate Pack customer you'll need to download and complete the Tertiary and Graduate Overdraft and Credit Card Application Form (PDF 624.1 KB) and send it to Kiwibank Limited, Private Bag 39888, Wellington 5045 or drop it in to your local Kiwibank.

Ways to apply

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More handy credit card info

Standard terms and conditions

Lending criteria, credit limits and terms and conditions (PDF 122.6 KB) apply.

Mastercard is a registered trademark of Mastercard International incorporated.