What a Mastercard Gold offers

  • A $5,000 minimum credit limit and a $20,000 maximum credit limit

  • Up to 55 interest free days on purchases

  • Overseas travel insurance for you, your partner and your children, if they’re travelling with you.

How it works

  • When you make purchases on your Mastercard Gold card you’ll get charged , interest rates are subject to change.
  • To qualify for 55 days interest free, you need to pay off your entire balance by the due date each month. The interest free period doesn’t apply to cash advances.
  • To activate your travel insurance you'll need to pay for your travel and/or accommodation with your card before leaving New Zealand. Other conditions apply.
  • You'll need to make minimum monthly payments of 5% of your monthly statement balance or $10 - whichever is greater - to ensure you don't get charged a late payment fee.
  • You can use Mastercard Contactless to make purchases of up to $80 without swiping, inserting or entering a PIN.
  • Your card will include Microchip technology and Mastercard SecureCode for added security.

Travel advisory alerts

If you’re planning on travelling overseas, or you’re already abroad – check out Tower’s Travel alerts to find out what regions are affected and how it could impact your travel plans and your travel insurance policy.

Balance transfers

Save money and pay off your credit card faster by paying interest for the first six months on any balance transferred from a non-Kiwibank credit card.

How our balance transfer works

  • You can transfer debt from a non-Kiwibank credit card to a Kiwibank credit card.
  • Balance transfer interest rates apply from the date the transfer is processed.
  • After six months, our standard interest rate of p.a. will apply to any remaining balance.
  • Our standard interest rates will also apply to any new purchases or cash advances you make during the initial six months.
  • The minimum amount you can transfer from a non-Kiwibank credit card is $200.
  • The amount you’re transferring can’t exceed the credit limit you’re applying for.
  • If you’ve made previous balance transfers, payments will go towards the balance transfer with the lowest interest rate first.

Interest rates

Types of interest

Current rate

Balance transferred from a non-Kiwibank credit card

for six months

Purchase interest rate

Cash advance interest rate


Fee type

Current fee

Account fee

$40 every six months (waived if you’ve an outstanding home loan balance or deposits of $150,000 or more on the fee assessment date).

Joint/Additional cardholder account fee

$10 per card every six months. We’ll waive this fee if you’ve an outstanding home loan balance or deposits of $150,000 or more with Kiwibank on the fee assessment date.

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.

See other fees that apply

Apply now

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

  • If you’re opening a new account with Kiwibank, we’ll need to see some ID to verify your identity and your address.
  • If you’re an existing Kiwibank Credit Card customer and want to switch to a Low Rate Mastercard, call us on 0800 521 521.
Begin your application

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Already a Kiwibank customer?

Already a Kiwibank Credit Card customer?

Standard terms and conditions

Lending criteria, credit limits and terms and conditions (PDF 170.5 KB) apply.

Mastercard is a registered trademark of Mastercard International Incorporated.

* Travel Insurance for eligible Kiwibank Credit Cards is provided by Tower Insurance Limited. Tower Insurance Limited is the only organisation responsible for claims under the policy. If you arrange your insurance through Kiwibank, you need to know that Kiwibank Limited doesn’t guarantee the obligations of, or any products issued by, Tower Insurance Limited. Important terms, conditions and exclusions are set out in the Travel Insurance for Kiwibank Credit Cards Policy wording.

View information about Tower's financial strength rating and solvency margin on their website at tower.co.nz.