Kiwibank Zero Visa Credit Card NZ No Annual Fee Low 12.90% p.a. Rate and 55 Interest-Free Days

Everyday value for Kiwi wallets

The Kiwibank Zero Visa is built for Kiwis who want a straightforward credit card without frills or surprise fees. With no annual fee and a plain approach to interest, this card suits everyday spending, groceries and online shopping across NZ without the baggage of costly yearly charges.

Customers get up to 55 interest-free days on purchases when they pay the full statement each month, making it handy for managing cashflow between paydays or covering unexpected bills. That extra breathing room helps keep your budget on track.

Rates, balance transfers and key costs

This card offers a competitive purchase and cash advance rate at 12.90% p.a., plus a promotional balance transfer option for those consolidating higher-rate debt. The balance transfer rate is especially useful when you want to move expensive balances from other providers and save on interest short-term.

Minimum repayments are reasonable — at least 5% of the statement balance or $10, whichever is greater — and the credit limit starts from $500, depending on your profile. Always check the provider’s website for the latest fees and terms before applying.

How to apply and what you’ll need

Applying is straightforward for permanent residents with a steady income and a clean credit history. You’ll be asked for proof of identity (passport, NZ driver licence or 18+ card), proof of income like payslips or bank statements showing salary, and details of assets and liabilities for assessment.

Online applications are quick and you can often get a decision in a few working days. Before hitting submit, make sure your IRD and bank details are up to date and have documentation to hand to speed up the process.

Who benefits most and final verdict

If you want a low-cost, no annual fee credit card in NZ that still gives sensible interest terms and a short-term balance transfer option, this card is hard to beat. It’s ideal for people who prioritise saving on fees and managing monthly spending with predictable costs.

For Kiwis who chase rewards, travel perks or premium extras, this product isn’t aimed at you — there are other cards with points and insurance. But for straightforward value, the Kiwibank Zero Visa keeps things simple, predictable and wallet-friendly. Compare credit card NZ options and check eligibility to see how it stacks up for your situation.