Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Compare credit cards

Looking for a new card? Compare rewards, rates and fees in our comprehensive guide.

1 - 15 of 36
Name Product Purchase Rate Annual Fee Balance Transfer Rate
American Express Airpoints Platinum Card
19.95% p.a.
Receive 300 bonus Airpoints Dollars when you apply online, are approved and spend a minimum of $1,500 on your new card within the first 3 months of membership. This offer is available to new Card Members only. T&Cs apply. You will also earn 1 Airpoints Dollar for every $59 you spend on your card.
American Express Airpoints Card
0% for 6 months (changes to 19.95% p.a.)
Be rewarded with 50 bonus Airpoints Dollars. Simply apply, be approved and spend $750 on your new Card within the first 3 months of membership. This offer is available to new Card Members only.
American Express Gold Rewards Card
19.95% p.a.
Receive $200 credit when you apply online, are approved and spend $1,500 on your card within the first 3 months of membership. Offer is available to new card members only. T&Cs apply. You will also earn 2 Membership Rewards points for every $1 spent on eligible purchases.
The Co-operative Bank Fair Rate Credit Card
12.95% p.a.
0% p.a. for 6 months
0% p.a. on balance transfers for 6 months, plus benefit from a low rate of 12.95% p.a. on both purchases and cash advances.
ANZ Airpoints Visa Credit Card
19.95% p.a.
Earn 1 Airpoints Dollar for every $130 you spend on your card.
Kiwibank Air New Zealand Airpoints Low Fee Visa
16.9% p.a.
1.99% p.a. for 6 months
1.99% p.a. on balance transfers for 6 months.
Kiwibank Air New Zealand Airpoints Platinum Visa
20.95% p.a.
1.99% p.a. for 6 months
1.99% p.a. on balance transfers for 6 months.
ANZ Airpoints Visa Platinum Credit Card
19.95% p.a.
Earn 1 Airpoints Dollar for every $85 you spend. You'll also earn 1 Air New Zealand Status Point with every $250 spent.
BNZ Lite Visa
12.9% p.a.
Q Mastercard
0% for 3 months (changes to 26.69% p.a.)
Get 3 months zero interest and zero payments on every purchase with no minimum spend required. Ts&Cs apply.
Farmers Mastercard
25.95% p.a.
Collect points on everyday purchases when you link your Farmers Mastercard to a valid Farmers Club Card. Collect 1 Farmers Club point for every $10 spent. Subject to lending criteria, fees and T&Cs apply.
Flight Centre Mastercard
22.95% p.a.
Use your Flight Centre Mastercard for everyday shopping and earn rewards as you spend. Earn 3 Flight Centre Rewards for every $100 spent at a Flight Centre Store and 1.5 Flight Centre Rewards for every $100 spent on standard purchases. Subject to lending criteria. T&Cs apply.
Gem Visa
26.99% p.a.
6 months interest free on all Visa purchases $250 and over, plus get long-term interest-free deals at retailers nationwide including Apple, Noel Leeming, Mitre 10 and many more.
Kiwibank Zero Visa
12.9% p.a.
1.99% p.a. for 6 months
1.99% p.a. on balance transfers for 6 months.
ANZ Low Rate Visa Credit Card
12.9% p.a.
1.99% p.a. for 24 months
1.99% p.a on balances transferred for the first two years, plus save with $0 annual fee and a low rate of 12.90% on purchases.

Find some of the terms in this table confusing? We get it. Jump down to our glossary to learn about key features and how to compare cards.

What is a credit card?

A credit card lets you spend money that you can pay back over time, usually with interest.

Unlike a debit card – where you need money in the bank – a credit card gives you a set amount you can spend (or borrow), known as your credit limit. You also get regular statements (usually monthly) and need to make repayments by the due date on them.

What types of credit cards are there?

Every credit card is slightly different and you should find one that has features that matter to you. There are 5 primary types of credit cards. Here is a quick explanation of each one. Below, we go into more detail and highlight our current top picks.

Card typePrincipal useProsCons
Balance transferbalance transfer iconPay off existing debt with no / low interestSave money on interest and pay down debt fasterMinimal perks and no interest-free days on new purchases
Rewards / frequent flyerrewards iconEarn points (e.g. Airpoints) for your spendingGet rewarded for money you’d spend anywayHigh interest rates & annual fees
No annual feecover iconCredit without an upfront costCosts nothing if you pay it off in full or don’t use it at allMinimal perks and higher interest rates
Low ratelow rate iconPay off purchases over time while paying less interestSaves you money if you carry a balance from month to monthMinimal perks
Businessbusiness iconManaging cash flow and separating spendingOffer distinct features for business (like accounting feeds)Stricter eligibility requirements

Balance transfer credit cards

If you’re struggling with existing credit card or loan debt and are being charged a lot of interest, it might be time to consider balance transfer credit cards. This allows you to move your existing credit card debt over to a new balance transfer credit card, where you’ll pay low – or no – interest for a certain amount of time.

These cards don’t usually offer a lot of other perks or interest-free days. So it’s wise to pay off the debt before making new purchases on the card.

Hot tip: Look for a balance transfer card with a low annual fee and a long introductory period.

Rewards credit cards

If you’re likely to spend more money on your credit card and pay your bill in full each month, rewards credit cards could be a good option for you. These cards let you earn points on everyday spending, which you can redeem for gift cards, petrol, frequent flyer points and more.

Since these types of rewards programs cost the credit card company money to operate, rewards credit cards usually charge an annual fee and higher interest rates than some other cards.

Hot tip: Look for cards with an introductory or bonus points offer. This is usually the quickest way to build up rewards points.

Frequent flyer credit cards

Love to travel? Love to shop? Combine your passions and explore frequent flyer credit cards. When you make a purchase on your card, you’ll earn points that you can redeem on sweet rewards such as free flights, seat upgrades or even the newest iPhone.

Like other rewards programs, frequent flyer points are expensive to offer to customers. So, most frequent flyer cards charge an annual fee and a higher than average interest rate.

Hot tip: Look for bonus points offers and other perks such as insurance and airport lounge passes.

No annual fee credit cards

This one kind of speaks for itself – you’ll pay no annual fees on this card, either ongoing or just for the first year. If you’re only going to use your card a few times a year and plan on paying back your balance in full each month, a no annual fee card could be right up your alley as you’ll have almost no additional expenses.

Since credit card companies don’t make any money up front, no annual fee cards typically don’t offer much in the way of perks.

Hot tip: Keep an eye on interest rates if you carry a balance – they can be pretty high on these cards.

Low interest rate cards

Think you’ll carry a balance sometimes? A low interest credit card could help. These cards will allow you to buy what you need and save on interest charges compared to other cards.

Low interest credit cards typically don’t offer much in the way of perks and charge relatively low annual fees.

Hot tip: Look for cards with interest rates of 13.00% p.a or less.

Business credit cards

If you run a business and want to separate personal spending, there are business credit cards and charge cards that offer data feeds for accounting software like MYOB or Xero, cards for employees and points per $1 spent. You could also look at expense management cards and plans, with some similar features but a focus on virtual cards and simple apps.

Hot tip: Unlike personal cards, many business cards offer rewards points for government spending.

Back to top

How to compare credit cards

Here’s a breakdown of features and charges you should know about.

Fee or featureWhat is it?What you should know
Annual feeThe amount you’ll have to pay each year just to use the card.Higher annual fees usually mean more perks and rewards.
Purchase interest rateThe amount of interest you’ll pay if you don’t pay your card off in full.The lower the interest rate, the less you’ll pay in potential interest.
p.a.This abbreviation of “per annum” is used for credit card interest rates, because the annual (or yearly) value is shown.As an example, the interest you’d be charged over 12 months would be about 20% of your balance on a credit card with a 20% p.a. interest rate. The average rate for cards in New Zealand in October 2022 was 18.6% p.a., according to RBNZ.
Interest-free periodThe amount of time you’ll get before you’re charged interest on your purchases.More days give you more time to pay off your balance so you won’t be charged interest.
Balance transfer rateThe interest rate you’ll pay if you transfer a balance from another card.The lower the interest rate, the better. Some introductory offers are for 0% p.a. on your balance, but you may pay a one-time fee.
Cash advance rateThe higher interest rate you’ll pay if you take cash out or make an equivalent transaction.Avoid cash advances unless it’s an emergency.
Foreign transaction feeThe fee you’ll be charged on purchases made in a foreign currency overseas or online.There are plenty of cards on the market with 0% foreign fees.
Rewards programOffers points and perks that you can earn for your spending.Common features include points, insurance, lounge passes and premium services.
Minimum repaymentThe lowest amount you need to pay by the due date to keep your account in good standing.You can always (and should try to) pay more than the minimum amount. But paying less can lead to late payment fees and hurt your credit score.

Do I need a credit card?

We’re going to be straight up – not everyone needs a credit card.

You don’t want to take on debt you don’t really need, especially if you’re paying interest on it.

There are also some people who might be more susceptible to spiralling debts. For example, people who tend to impulse shop could rack up unnecessary debt, which can take years to pay off and cost a lot of interest.

If you have a plan for how you’re going to use your card and how you’re going to pay it off, a credit card can be a great addition to your wallet, helping you improve your credit score and accrue rewards points and benefits.

Pros & Cons


  • Flexibility. If you have a big purchase to make, a credit card can be a financial “buffer” – letting you buy it and then repay it over time. If it’s used wisely, it can be interest free.
  • Convenience. Credit cards allow you to buy what you need, when you need it. You can use them to shop in-store, online and overseas, with security features to protect against fraud.
  • Rewards. Everyone loves perks. A credit card can help you get frequent flyer points, cashback on your groceries, flight upgrades or even gift cards.


  • Debt. Credit card interest adds up quickly if you don’t pay your balance on time, which could cost you hundreds (or thousands) of dollars and take a long time to pay back.
  • Can be expensive. The average interest rate for a New Zealand credit card is 18.6%. Variable rate personal loans are often much cheaper.
  • Sneaky fees and surcharges. Some businesses add a surcharge to credit card payments, which can be 1–2% of the total purchase cost.

Bottom line? Credit cards have a mix of great perks and understandable risks. A good rule of thumb (if you get a card) is to have a plan for paying it off and using the benefits.

How to use a credit card (and avoid debt)

A credit card is convenient, but it also comes with a risk of debt. Here are 4 tips to help you stay on top of payments and make the most of your credit card.

  • Ask for a credit limit you know you can manage. Credit card companies determine your limit based on what you could “reasonably” afford to pay off over 3 years. Sometimes that means they offer you a higher credit limit than you need. But requesting a specific credit limit when you apply (if you can), or changing it later, puts you in control.
  • Pay more than the minimum. Each month you’ll get a statement showing how much money you owe, the minimum you need to repay and a payment due date. If you only pay the minimum, your credit card debt could take years to repay, so aim to pay off as much as possible.
  • Plan your repayments. Set a reminder in your calendar each month for the due date, or better yet, set up automated payments.
  • Get help if you need it. If you’re struggling with your credit card, call your bank or provider to see what support is available. You can also get free financial advice by calling MoneyTalks on 0800 345 123.
Back to top

Have questions? We have answers

Back to top

Read more on this topic

Go to site