Gem Visa credit card

Pay 0% interest for six months on purchases over $250 with the Gem Visa credit card, and an even longer interest-free period at select New Zealand retailers.

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Gem Visa is an alternative to traditional bank-issued credit cards worth considering if you are looking to pay as little interest as possible.

While it does have an establishment fee and annual account fee, this card offers 6 months interest free on purchases over $250 made anywhere in the world.

You can also take advantage of interest-free finance deals at participating stores and partners around New Zealand, making those larger purchases effectively cost less than they would with other cards.

Name Product Purchase rate (p.a.) Interest Free Period Annual fee
GEM Visa Credit Card
25.99% APR
Up to 55 days on purchases
$52 p.a.

Compare up to 4 providers

Name Product Purchase rate (p.a.) Interest Free Period Annual fee
American Express Airpoints Card
0% for 6 months (reverts to 19.95% APR)
Up to 55 days on purchases
$0 p.a.
Be rewarded with 50 bonus Airpoints Dollars. Simply apply, be approved, and spend $750 on your new Card in the first 3 months of membership. This offer is available to new Card Members only.
American Express Airpoints Platinum Card
19.95% APR
Up to 55 days on purchases
$195 p.a.
Receive 200 bonus Airpoints Dollars when you apply, are approved, and spend a minimum of $1,500 in the first 3 months. This offer is available to new Card Members only. You will also earn 1 Airpoints Dollar for every $59 you spend on your card.
American Express Platinum Edge Credit Card
2.99% for 6 months (reverts to 19.95% APR)
Up to 55 days on purchases
$149 p.a.
Enjoy a low rate on purchases and earn 20,000 Membership Rewards Bonus Points if you apply, are approved and spend $750 in the first 3 months of Card membership. This offer is available to new Card Members only.
American Express Platinum Card
Up to 44 days on purchases
$1,250 p.a.
A charge card with premium travel benefits. Plus up to 80,000 Membership Rewards Bonus Points when you spend $1,500 on your card within the first 3 months, available to new Card Members only.

Compare up to 4 providers

Finder does not currently have access to this credit card provider. Please review the product details, application criteria and terms and conditions on the provider website if you are considering applying for this product.

Benefits a Gem Visa

  • 6 months interest free. When you make a purchase of $250 or more, both in New Zealand and around the world, you won’t pay any interest for the first 6 months.
  • 55 days of 0% interest on all purchases. For purchases under $250, you’ll get 55 days interest-free as long as you pay the payment to reduce further interest amount indicated on your Gem Visa statement.
  • Long term finance. When you use your card at one of around 2,000 participating stores in New Zealand, you can take advantage of long term finance interest-free deals. Types of deals include interest-free for a period of time, interest-free instalments or interest-free deferred. Stores that offer Gem Visa interest-free finance options include, Mitre 10, and Michael Hill. You can also use Gem Visa at participating dentists.
  • Shopper’s protection insurance. If you buy an eligible item and find that the retailer you purchased the item from offers it on sale at a lower price within a six-month window period, you may be eligible to get the difference refunded up to a maximum amount of $600.
  • Instant cardless payments. Once approved, you can start making purchases straight away without waiting for your physical card to arrive. The instant cardless payment feature allows you to shop up to a maximum of $80.

Features of the Gem Visa

  • Fast application response. In many cases, a response is given within 60 seconds. However, if further information is required, you may not receive approval for a few days.
  • Mobile payments. Connect your Gem Visa to your Google Pay, Apple Pay, Fitbit Pay or Garmin Pay accounts to make convenient payments without needing to pull your wallet out.
  • Payment options. To make payments on your Gem Visa, you can do so by internet banking, phone banking, direct debit, automatic payment or in person at your local PostShop.
  • Fees. When you are approved for a Gem Visa, you’ll be charged a $55 establishment fee and an annual account fee of $52. Additional fees apply for cash advances, international transactions, over the counter payments and replacement cards.
  • Interest rate. After the no-interest term expires for purchases, the prevailing interest rate is 25.99%.
  • No liability for fraud. As long as you have not contributed to fraudulent activity and notify Gem as soon as possible, you will not be held liable for fraudulent transactions.
  • Latitude app. The Latitude app allows you to manage your cards and personal loans in one place. Once you have downloaded, you can link your Gem Visa to view your available credit and transaction history.

How can I apply for a Gem credit card?

If you have compared credit cards and have decided the Gem Visa is right for you, you can hit the Apply Now button on the website to be taken to the application form. Make sure that you meet the eligibility criteria and have the required information and documents ready to go.

Eligibility requirements

To be eligible for a Gem Visa you must:

  • Be 18 years or over
  • Be a New Zealand citizen or permanent resident
  • Meet the credit and lending criteria

Necessary documents and information

During the application process you will be asked to supply:

  • Your personal email address
  • Your driver’s licence or passport
  • Proof of address
  • The name of your employer and their contact details
  • Your income
  • Details of expenses and debts

Once you have submitted your application, you’ll receive an approved, declined or need more information response within one minute. In some situations, further information is required to make a decision, so you’ll be contacted by email with these details.

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2 Responses

  1. Default Gravatar
    NootyAugust 7, 2018

    How do I apply

    • Avatarfinder Customer Care
      joelmarceloAugust 8, 2018Staff

      Hi Nooty,

      Thanks for leaving a question on finder.

      While a Gem credit card is a good choice if you’re looking to reduce interest charges on large purchases you should also look at some of the other credit card products on the market, including low-interest rate cards. If you’ve decided that the Gem card is the best choice for you, check the eligibility requirements below and apply by going to their website directly.

      Eligibility requirements:

      1. Age. You can apply if you’re 18 or older.
      2. Residency requirement. Only permanent residents of New Zealand can apply.
      3. Income requirement. Gem states no minimum income requirements but will request details of your income when you complete the application form.
      4. Credit file. Your credit history needs to be in good, acceptable standing.

      There are no fees for applying for a Gem Visa credit card, but if you successfully open a credit card account you’ll be charged a $55 establishment fee as a one-off charge.


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