*After six months our standard purchase interest rates will apply to any remaining balance transferred. Excludes business credit cards. Interest rates are subject to change. Kiwibank's lending criteria, terms and fees apply.
How balance transfers work
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Check which cards you can transfer from
Transfer balances from personal credit cards and store cards issued by other registered New Zealand banks and providers.
If your card isn’t listed in the application form, send us a secure message in the mobile app or internet banking once your Kiwibank credit card is set up.
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Know when your promotional rate ends
The balance transfer rate applies from the date your balance transfer is processed.
If you don't repay the transferred balance before the promotional period ends, any remaining amount moves to our standard purchase interest rate.
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Choose how much to transfer
Transfer balances from multiple non-Kiwibank credit cards or store cards, as long as the amount you transfer is $200 or more and you have enough available credit.
Once your card is set up, you can request additional transfers by sending us a secure message.
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Allow time for your transfer to process
Once you receive the confirmation email, allow one to three business days for the balance transfer to be applied to your Kiwibank credit card.
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Make your minimum monthly payment
To avoid late payment fees, you'll need to pay at least 5% of your monthly statement balance or $10, whichever is greater.
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Know how a balance transfer affects purchases
You won't receive interest-free days on purchases while you have an unpaid balance transfer. Purchases and cash advances are charged at your card’s standard interest rate.
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Understand the order of payments
Your payments go towards fees and charges first, then balance transfers, cash advances and purchases.
Read more about the order credit card payments.
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Closing your previous card
To close the card you transferred from, contact the card issuer directly.
Request a balance transfer to an existing Kiwibank Credit Card
You’ll need enough available credit on your credit card to cover the amount you want to transfer. If you don’t have enough, you can pay down your existing balance to free up available credit or apply for a credit limit increase.
Once you have enough available credit, send us a secure message with “Balance Transfer” in the subject line. Include:
- the name of the bank or finance company you'd like to transfer from
- the card, account or reference details you use to make payments to that account
- the name printed on the card
- the balance transfer rate you're applying for
- the amount you'd like to transfer.
Common balance transfer questions
Your credit card payments go towards fees and charges first. After that, they're applied to balance transfers, then cash advances and purchases.
If you have more than one balance transfer, payments are applied to the balance transfer with the lowest interest rate first. If multiple balance transfers have the same interest rate, payments are applied to the oldest balance transfer first.
Read more about the order of credit card payments.
Any remaining balance will move to your card's standard purchase interest rate.
For example, if you transferred $7,500 and still owed $1,000 when the promotional period ended, the remaining $1,000 would start accruing interest at the standard purchase rate.
No. While you have an unpaid balance transfer, purchases won't be eligible for interest-free days and will be charged at your card's standard purchase interest rate.
Yes, as long as you have enough available credit on your card.
If you don’t have enough, you can pay down your existing balance to free up available credit or apply for a credit limit increase.
Once you have sufficient available credit, send us a secure message in internet banking with "Balance Transfer" in the subject line.
Apply for a balance transfer
New to Kiwibank?
You can apply for a Kiwibank Credit Card online and select a balance transfer as part of your application.
Apply onlineAlready a Kiwibank customer, but don't have a credit card?
You can apply for a credit card and set up a balance transfer via the Apply & Open tab in internet banking.
Log in to Internet BankingAlready have a Kiwibank Credit Card?
Send us a secure message in internet banking, with Balance Transfer in the subject line.
Log in to Internet Banking