SBS Visa credit card NZ for Kiwis, low interest, no annual fee and solid rewards

Why Kiwis choose the SBS Visa credit card NZ

The SBS Visa credit card NZ is a practical choice for Kiwis who want a straightforward card with low interest and no annual fee. SBS Bank bundles sensible rates with a simple rewards plan, so everyday spending works harder without nickel-and-diming you.

With a purchase rate around 19.65% and no yearly charge, the card suits people who want to avoid costly fees while still earning rewards. The balance of low interest, clear terms and Kiwi-friendly customer support makes this card stand out in the New Zealand market.

Key features: low interest, no annual fee and rewards

This SBS Visa Credit Card NZ offers a purchase rate of about 19.65%, a cash advance rate near 16.65% and up to 55 interest-free days on purchases when you pay your statement on time. That combination keeps borrowing costs predictable and manageable for many households.

The rewards structure is easy to follow: earn $1 for every $150 spent on eligible purchases, helping you accumulate value without chasing complex point schemes. For Kiwis who want usable rewards and straightforward fees, the no annual fee policy is a clear win.

Eligibility and documents needed in New Zealand

Applying for the SBS Visa credit card NZ requires typical verification: proof of income, ID and proof of residence. Employed applicants usually provide recent payslips, bank statements showing salary deposits and an IRD summary if needed.

Self-employed Kiwis will need 2 years of signed financial statements, personal tax returns and a statement of financial position. Having these documents ready speeds up approval and helps SBS Bank assess affordability the Kiwi way.

How it compares and final considerations

Compared to other NZ issuers like ANZ, BNZ or Kiwibank, the SBS Visa stands out for its no annual fee and simple rewards. If you prioritise straightforward savings on fees and a solid interest rate, the SBS card competes well with mainstream Visa options in New Zealand.

Before applying, check your spending profile: if you carry a balance occasionally, the competitive purchase rate and interest-free days are useful; if you travel overseas often, review foreign transaction fees and international transaction handling. For many Kiwis the SBS Visa credit card NZ hits the sweet spot between affordability, security and practical rewards.