BNZ Lite Visa low-rate credit card for Kiwis, 13.5% p.a. and $10 annual fee

BNZ Lite Visa at a glance

The BNZ Lite Visa is a straightforward low-rate credit card for Kiwis seeking to cut card costs. With a purchase rate of 13.50% p.a. and an annual fee of $10, it’s pitched at people who want a reliable, low-rate credit card option in NZ without bells and whistles.

It comes with up to 55 interest-free days on purchases, a modest credit limit that starts from $500, and an easy-to-understand fee structure. For many New Zealanders this card balances affordability with everyday usability.

Main features and fees

Key details include the purchase rate of 13.50% p.a., cash advance rate of 22.95% p.a., and a minimum repayment of 2% or $25 (whichever is greater). Additional cardholders cost $1.50 every six months, keeping ongoing costs low for families or couples.

Balance transfer terms aren’t always shown up front, so check BNZ’s current offers if you’re moving debt from a high-rate card. The combination of a low-rate credit card and a tiny $10 annual fee makes it a contender when you’re comparing low interest options in NZ.

Why Kiwis choose the BNZ Lite Visa

This low-rate credit card suits people who value predictable costs and want to avoid surprise interest charges. If you pay your balance in full within the interest-free period you’ll effectively use the card without paying purchase interest at all.

For those carrying balances, the 13.50% p.a. purchase rate is competitive among New Zealand cards and can save a fair bit compared to typical mainstream rates. Just be mindful of cash advances, which carry a much higher 22.95% p.a.

How to apply and get the most from it

Applying is standard for NZ: have proof of income such as a payslip, bank statements showing salary deposits, or IRD summaries if needed. BNZ will assess income, living expenses, debts and assets to set your limit and eligibility.

To maximise benefits, avoid cash advances, plan larger purchases to fit the 55-day interest-free window and consider balance transfers only when terms clearly reduce your interest bill. Keep track of spending using online banking and set up automatic payments to meet the minimum repayment and protect your credit score.