Interest rates

 

Low Rate Mastercard®

Mastercard Zero

Mastercard Gold

Airpoints Low Fee

Airpoints Standard

Airpoints Platinum

Purchase interest rate

Cash advance interest rate

Interest-free days

Up to 55

Up to 55

Up to 55

Up to 44

Up to 44

Up to 44

Account fees

Here are the fees you pay to have a credit card account. The fees you pay to have a Business Mastercard are set out in the business banking section.

Low Rate Mastercard

Mastercard Zero

Mastercard Gold

Airpoints Low Fee

Airpoints Standard

Airpoints Platinum

$24 every six months. *

No fee.

$40 every six months.

$12.50 every six months.

$32.50 every six months.

$75 every six months.

* Waived for the first year for Tertiary or Graduate Pack customers taking up a Kiwibank Credit Card for the first time.

Service fees

Here are the fees you pay for services on our credit cards, including Air New Zealand Airpoints credit cards. The fees you pay to have a Business Mastercard® are set out in the business banking section.

Cash advance fee

When you withdraw cash or transfer money from your credit card account.

Internet banking or mobile app

  • Free.

Cash advance in New Zealand - ATM or staff assisted

  • $0.90 per transaction.

Cash advance overseas - ATM or staff assisted

  • $6 per transaction.

International transaction fee

When you use your credit card for a foreign currency transaction.

  • 1.85% of the New Zealand dollar amount once converted.

Investigation fee

When you ask us to investigate something about your credit card account.

  • $60 per hour. Minimum fee $15.

Joint/additional cardholder account fee

If you choose to have more than one card linked to your credit card account.

Kiwibank Low Rate Mastercard – $5 per card every six months.

Kiwibank Mastercard Gold – $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.

Kiwibank Mastercard Zero – Free.

Air New Zealand Airpoints Low Fee Mastercard – $5 per card every six months.

Air New Zealand Airpoints Standard Mastercard – $10 per card every six months.

Air New Zealand Airpoints Platinum Mastercard – $15 per card every six months.

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.

Replacement card fee

When you ask us for a replacement credit card.

  • $9.50 per request.

Urgent card delivery fee – in New Zealand

Courier charge for urgent delivery of a credit card in New Zealand

  • $2.60 per delivery.

Urgent card delivery fee – International

Courier charge for urgent delivery of a credit card worldwide

  • Price on application.

Limits

Here are the limits that apply to our credit cards. The limits that apply to Business Mastercards® are set out in the business banking section.

Maximum amount for cash advance

The maximum amount that you can withdraw or transfer from your credit card account.

Kiwibank Low Rate Mastercard / Mastercard Zero / Air New Zealand Airpoints Low Fee Mastercard / Air New Zealand Airpoints Standard Mastercard

$1,000 per day from ATMs (no maximum number of withdrawals per day).

$5,000 per day over the counter from banks and financial institutions, and via internet banking (limited to two withdrawals per day).

Kiwibank Mastercard Gold

$3,000 per day from ATMs (limited to five withdrawals per day).

$7,500 per day over the counter from banks and financial institutions, and via internet banking (limited to two withdrawals per day).

Air New Zealand Airpoints Platinum Mastercard

$3,000 per day from ATMs (limited to five withdrawals per day).

$7,500 per day over the counter from banks and financial institutions, and via internet banking (limited to ten withdrawals per day).

Purchases using Mastercard contactless

For purchases up to $80 Mastercard contactless allows you to simply Tap & Go™. There is no need to enter your PIN. You can still Tap & Go if the purchase is over $80 – you will simply need to confirm the purchase by entering your PIN.

Minimum payments

The minimum payment is either 5% of the closing balance of your monthly statement or $10, whichever is greater. You're not required to make a minimum payment if your closing balance is less than $10 (unless we specifically ask you to) or a credit amount. Minimum payments must be made each month (if required) on or before the payment due date shown on your statement.

You may at any time make additional payments over and above your minimum payments. You can make payments to your credit card account in any of the following ways:

a) by automatic payment, bill payment or direct debit;

b) by internet, mobile or phone banking;

c) at your local Kiwibank; and

d) by mailing a cheque to us and enclosing a completed payment slip from the bottom of your monthly statement.

We may at any time require you to immediately pay us all or part of the outstanding debit balance on your credit card account.

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Kiwibank’s lending criteria, terms and conditions, and fees apply.

Download our Credit Card terms and conditions (PDF 122.6 KB) and Personal Banking fees and limits brochure (PDF 142.2 KB).

Fees effective as at 15 October 2018. Limits effective as at 19 September 2013. Fees and limits subject to change.

A day is from 12.00 midnight to 12.00 midnight, New Zealand time.

Mastercard is the registered trade mark of Mastercard International Incorporated. Tap & Go is a trademark of Mastercard International Incorporated.