Credit card Interest Rates nz

Credit Card Interest Rates nz  

Looking to get a credit card ? Want to know were to get low interest credit cards in New Zealand ? Loan interest has sourced out some of the best credit card providers with low interest rates. Check out the credit card interest rates, Compare credit card rates and choose the best credit card provider for your needs. 

Credit Card Providers nz

Through research and customer feedback loan interest has sourced some of the best credit card providers in New Zealand who are offering some of the lowest credit card rates in nz. Check them out compare rates and decide where to get your credit cards from .

Visa Card Interest Rates nz

Credit card Providers

Interest Rates

ANZ

From 13.90 %

ASB 

From 12.00 % 

BNZ 

From 19.95% 

Bank Direct

From 12.00 % 

National bank  

From 13.90 %

TSB

From 18.50 % 

Westpac 

From 19.95 % 

 
 

Master Card  Interest rates nz

Credit card Providers

Interest rates 

ANZ

From 13.90 % 

ASB

From 12.00 %

BNZ

From 19.95 %

KiwiBank 

From 12.90 %

National bank 

From 16.50 % 

Westpac

From 12.95 %

Credit card Interest rates

There is a credit term call grace period – it’s a period within which you may pay your bill without being charged interest. It’s usually a period of 25-30days before interest kicks in. Recently, most issuing companies are eliminating this grace period and instead offering a low fixed interest rate.

The question now is – which one is better between grace period and low fixed interest rate?

It will be a bit difficult to have one answer that will favor everybody. Some prefer paying their bills in full within the normal grace period. To this group of people the grace period will be better. It will be advisable for them to shop for grace period cards and avoid no-grace-period cards.

Some banks do charge interest from the day they process your charge slip when you use your card to get cash. If you normally pay your bill in full you still need to shop for card that offers very low interest rate plus grace period, if you are to avoid interest charges on your account.  However, for those that usually carry a balance each month, the low interest rate will be good for them. If you are in this group you can even shop for institutions that periodically offer cards with no fee for the first year.