The Low Rate Visa is great for everyday use, offering our lowest interest rate on purchases.

Key features and benefits

  • Our lowest interest rate on purchases, .

  • Cash advance interest rate of

  • Up to 55 interest free days on purchases.

Interest rates and fees

Interest rates are subject to change.

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.

Joint/additional cardholder account fee (every six months)

$5 per card

Interest rate on purchases

Interest rate on cash advances

Interest free days

Up to 55

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

Balance transferred from a non-Kiwibank credit card


Minimum credit limit


Late payment fee

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

$5 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.

How it works

Apply now

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

New to Kiwibank?

Apply right here, right now. We'll let you know exactly what you need and you may be approved on the spot.

Apply now

Already a Kiwibank customer?

Log in to Internet Banking or our mobile app and go to Apply & Open to make it happen.

Log in to Internet Banking

If you’re new to Kiwibank, we’ll need to see some ID to verify your identity and address.

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 nearest Kiwibank.

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