Balance Transfer Credit Cards NZ – Compare Credit Card Balance Transfer Offers in NZ

Balance transfer credit cards allow you to transfer your existing credit card debt to a new credit card and repay at a rate as low as 0% for a fixed period of usually between 6 to 12 months… read more ↓

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CardDescriptionPurchase Rate (p.a.)Balance TransferCash Rate (p.a.)Annual FeeInterest Free Days
read more about ASB Visa Light Credit Card
ASB Visa Light Credit Card
The ASB Visa Light credit card has no annual fee, a low purchase rate and 0% balance transfer for 6 months13.50%0% for 6 months22.95%$0.00 55 days*
read more about BNZ Low Rate MasterCard Credit Card
BNZ Low Rate MasterCard Credit Card
A Low interest rate of just 13.45% credit card with a great balance transfer offer of 0% for 12 months13.45%0% p.a. for 12 months22.95%$60.00 55 days*
read more about Westpac Low Rate MasterCard Credit Card
Westpac Low Rate MasterCard Credit Card
Comes with a low rate of just 13.45% plus a balance transfer offer of 0% p.a. for 12 months then 5.95% for the life of the balance transferred13.45%0% p.a. for 12 months then 5.95% for the life of the balance...22.95%$65.00 55 days*
read more about Westpac hotpoints World MasterCard Credit Card
Westpac hotpoints World MasterCard Credit Card
Earn 3 hotpoints per $1 dollar spent plus free airport lounge access, free travel insurance, purchase protection, extended warranty and more16.95%0% p.a. for 12 months then 5.95% for the life of the balance...22.95%$390.00 55 days*
read more about Westpac Airpoints World MasterCard Credit Card
Westpac Airpoints World MasterCard Credit Card
This card is a touch of everything including Airpoints, a relatively low interest rate of 16.95% and a balance transfer offer of 0% for 12 months16.95%0% p.a. for 12 months then 5.95% for the life of the balance...22.95%$390.00 55 days*
read more about BNZ Advantage Visa Platinum Credit Card
BNZ Advantage Visa Platinum Credit Card
Spend $15 on eligible purchases and get 1 Fly Buys point or spend $75 on eligible purchase and get $1 cash reward. 18.95%0% p.a. for 12 months18.95%$150.00 55 days*
read more about ASB Visa Platinum Rewards Credit Card
ASB Visa Platinum Rewards Credit Card
Get one True Rewards Dollar for every $100 you spend plus travel insurance for you, your spouse and your dependent children19.95%0% for 6 months22.95%$80.00 55 days*
read more about ASB Visa Business Rewards Credit Card
ASB Visa Business Rewards Credit Card
Earn one True Reward Dollar for every $100 you spend in purchases on your card. One True Rewards Dollar equals one New Zealand dollar.19.95%0% for 6 months22.95%$70.00 55 days*
read more about BNZ Advantage Classic Visa Credit Card
BNZ Advantage Classic Visa Credit Card
Get 1 Fly Buys point for every $40 of eligible spend or $1 Cash Reward for every $150 of eligible spend plus a great balance transfer offer of 0% for 12 months20.95%0% p.a. for 12 months22.95%$40.00 55 days*
read more about Westpac hotpoints MasterCard Credit Card
Westpac hotpoints MasterCard Credit Card
Earn 1 hotpoint for every $1 spent on the card plus a balance transfer offer of 0% p.a. for 12 months then 5.95% for the life of the balance transferred20.95%0% p.a. for 12 months then 5.95% for the life of the balance...22.95%$44.00 55 days*
read more about Westpac hotpoints Platinum MasterCard Credit Card
Westpac hotpoints Platinum MasterCard Credit Card
Earn 2 hotpoints® for every $1 spent on the card plus a balance transfer offer of 0% for 12 months then 5.95% for the life of the balance transferred20.95%0% p.a. for 12 months then 5.95% for the life of the balance...22.95%$125.00 55 days*
read more about Westpac Airpoints MasterCard Credit Card
Westpac Airpoints MasterCard Credit Card
Earn one Airpoints Dollar for every NZD$120 spent on the card plus 0% balance transfer 12 months then 5.95% for the life of the balance transferred20.95%0% p.a. for 12 months then 5.95% for the life of the balance...22.95%$55.00 55 days*
read more about Westpac Airpoints Platinum MasterCard Credit Card
Westpac Airpoints Platinum MasterCard Credit Card
Earn one Airpoints Dollar for every $75 spent on the card plus get 0% p.a. for 12 months then 5.95% for the life of the balance transferred20.95%0% p.a. for 12 months then 5.95% for the life of the balance...22.95%$145.00 44 days*
read more about ASB Visa Rewards Credit Card
ASB Visa Rewards Credit Card
Get one True Rewards Dollar for every $150 you spend on your ASB Visa Rewards. One True Rewards Dollar equals one New Zealand dollar20.95%0% for 6 months22.95%$40.00 55 days*
read more about Gem Visa Credit Card - Compare and Review
Gem Visa Credit Card - Compare and Review
A no-annual fee credit card that offers 5% discount on purchases at the Warehouse storeThe Gem Visa credit card comes with a rather hefty purchase rate of 25.95% and an annual fee of $52 p.a.25.95%0% p.a. for 6 months25.95%$52.00 55 days*
read more about Kiwibank Low Rate MasterCard Credit Card
Kiwibank Low Rate MasterCard Credit Card
A great low interest low balance transfer credit card that might suit people with significant credit card debt13.45%1.99% p.a. for 6 months22.95%$50.00 55 days*
read more about ANZ Low Rate Visa Card
ANZ Low Rate Visa Card
Features a low interest rate of 13.90% and a balance transfer rate of 1.99% for 12 months13.90%1.99% p.a. for 12 months22.95%$35.00 55 days*
read more about Kiwibank MasterCard Zero Credit Card
Kiwibank MasterCard Zero Credit Card
A great everyday card with no annual fee and relatively low purchase rate16.90%1.99% p.a. for 6 months22.95%$0.00 55 days*
read more about Kiwibank MasterCard Gold Credit Card
Kiwibank MasterCard Gold Credit Card
Kiwibank MasterCard Gold comes with complimentary travel insurance for you and any immediate family travelling with you17.90%1.99% p.a. for 6 months22.95%$80.00 55 days*
read more about Air New Zealand Airpoints Platinum MasterCard
Air New Zealand Airpoints Platinum MasterCard
Earn 1 Airpoints Dollar™ for every: $75 spent on eligible purchases, or $65 spent on Air New Zealand products bought direct20.95%1.99% p.a. for the first 6 months on any transferred balanc...22.95%$150.00 44 days*
Description:
The ASB Visa Light credit card has no annual fee, a low purchase rate and 0% balance transfer for 6 months
Purchase Rate:
13.50%
Balance Transfer:
0% for 6 months
Cash Rate:
22.95%
Annual Fee:
$0.00
Interest Free:
55 days*
Description:
A Low interest rate of just 13.45% credit card with a great balance transfer offer of 0% for 12 months
Purchase Rate:
13.45%
Balance Transfer:
0% p.a. for 12 months
Cash Rate:
22.95%
Annual Fee:
$60 charged as $5 monthly
Interest Free:
55 days*
Description:
Comes with a low rate of just 13.45% plus a balance transfer offer of 0% p.a. for 12 months then 5.95% for the life of the balance transferred
Purchase Rate:
13.45%
Balance Transfer:
0% p.a. for 12 months then 5.95% for the life of the balance tran...
Cash Rate:
22.95%
Annual Fee:
$0 annual fee for 2 years then $32.50 half yearly
Interest Free:
55 days*
Description:
Earn 3 hotpoints per $1 dollar spent plus free airport lounge access, free travel insurance, purchase protection, extended warranty and more
Purchase Rate:
16.95%
Balance Transfer:
0% p.a. for 12 months then 5.95% for the life of the balance tran...
Cash Rate:
22.95%
Rewards:
Earn 3 hotpoints® for every $1 spent on the card
Annual Fee:
$390 p.a. paid in two 6-monthly instalments of $195
Interest Free:
55 days*
Description:
This card is a touch of everything including Airpoints, a relatively low interest rate of 16.95% and a balance transfer offer of 0% for 12 months
Purchase Rate:
16.95%
Balance Transfer:
0% p.a. for 12 months then 5.95% for the life of the balance tran...
Cash Rate:
22.95%
Rewards:
Earn one Airpoints Dollar for every NZD$65 spent on the card plus...
Annual Fee:
$390 per year Paid in two 6-monthly instalments of $195
Interest Free:
55 days*
Description:
Spend $15 on eligible purchases and get 1 Fly Buys point or spend $75 on eligible purchase and get $1 cash reward.
Purchase Rate:
18.95%
Balance Transfer:
0% p.a. for 12 months
Cash Rate:
18.95%
Annual Fee:
$150 charged as $72.50 half yearly. Additional card $20 p.a
Interest Free:
55 days*
Description:
Get one True Rewards Dollar for every $100 you spend plus travel insurance for you, your spouse and your dependent children
Purchase Rate:
19.95%
Balance Transfer:
0% for 6 months
Cash Rate:
22.95%
Rewards:
Earn True Rewards, Travel Insurance
Annual Fee:
$80.00
Interest Free:
55 days*
Description:
Earn one True Reward Dollar for every $100 you spend in purchases on your card. One True Rewards Dollar equals one New Zealand dollar.
Purchase Rate:
19.95%
Balance Transfer:
0% for 6 months
Cash Rate:
22.95%
Annual Fee:
$70 pa paid at $35 6 monthly
Interest Free:
55 days*
Description:
Get 1 Fly Buys point for every $40 of eligible spend or $1 Cash Reward for every $150 of eligible spend plus a great balance transfer offer of 0% for...
Purchase Rate:
20.95%
Balance Transfer:
0% p.a. for 12 months
Cash Rate:
22.95%
Annual Fee:
$40 charged as $20 half yearly. Additional card $12 p.a
Interest Free:
55 days*
Description:
Earn 1 hotpoint for every $1 spent on the card plus a balance transfer offer of 0% p.a. for 12 months then 5.95% for the life of the balance transferr...
Purchase Rate:
20.95%
Balance Transfer:
0% p.a. for 12 months then 5.95% for the life of the balance tran...
Cash Rate:
22.95%
Rewards:
Earn 1 hotpoint for every $1 spent on the card
Annual Fee:
$44 p.a.
Interest Free:
55 days*
Description:
Earn 2 hotpoints® for every $1 spent on the card plus a balance transfer offer of 0% for 12 months then 5.95% for the life of the balance transferred
Purchase Rate:
20.95%
Balance Transfer:
0% p.a. for 12 months then 5.95% for the life of the balance tran...
Cash Rate:
22.95%
Rewards:
Earn 2 hotpoints® for every $1 spent on the card
Annual Fee:
$125 p.a. per year Paid in two 6-monthly instalments of $62.50.
Interest Free:
55 days*
Description:
Earn one Airpoints Dollar for every NZD$120 spent on the card plus 0% balance transfer 12 months then 5.95% for the life of the balance transferred
Purchase Rate:
20.95%
Balance Transfer:
0% p.a. for 12 months then 5.95% for the life of the balance tran...
Cash Rate:
22.95%
Rewards:
Earn one Airpoints Dollar for every NZD$120 spent on the card
Annual Fee:
$0 for the first 2 years and after that $55 per year Paid in two...
Interest Free:
55 days*
Description:
Earn one Airpoints Dollar for every $75 spent on the card plus get 0% p.a. for 12 months then 5.95% for the life of the balance transferred
Purchase Rate:
20.95%
Balance Transfer:
0% p.a. for 12 months then 5.95% for the life of the balance tran...
Cash Rate:
22.95%
Rewards:
Earn one Airpoints Dollar for every NZD$75 spent on the card
Annual Fee:
$145 per year Paid in two 6-monthly instalments of $72.50
Interest Free:
44 days*
Description:
Get one True Rewards Dollar for every $150 you spend on your ASB Visa Rewards. One True Rewards Dollar equals one New Zealand dollar
Purchase Rate:
20.95%
Balance Transfer:
0% for 6 months
Cash Rate:
22.95%
Rewards:
Earn True Rewards Dollars that can be redeemed instantly at our...
Annual Fee:
$40.00
Interest Free:
55 days*
Description:
A no-annual fee credit card that offers 5% discount on purchases at the Warehouse storeThe Gem Visa credit card comes with a rather hefty purchase rat...
Purchase Rate:
25.95%
Balance Transfer:
0% p.a. for 6 months
Cash Rate:
25.95%
Annual Fee:
$52.00 No-annual fee
Interest Free:
55 days*
Description:
A great low interest low balance transfer credit card that might suit people with significant credit card debt
Purchase Rate:
13.45%
Balance Transfer:
1.99% p.a. for 6 months
Cash Rate:
22.95%
Annual Fee:
$50 i.e. $25 account fee every six months. $5 fee for a joint or...
Interest Free:
55 days*
Description:
Features a low interest rate of 13.90% and a balance transfer rate of 1.99% for 12 months
Purchase Rate:
13.90%
Balance Transfer:
1.99% p.a. for 12 months
Cash Rate:
22.95%
Annual Fee:
Get $0 annual fee for the first 12 months after that $35 charged...
Interest Free:
55 days*
Description:
A great everyday card with no annual fee and relatively low purchase rate
Purchase Rate:
16.90%
Balance Transfer:
1.99% p.a. for 6 months
Cash Rate:
22.95%
Annual Fee:
No Annual Fee
Interest Free:
55 days*
Description:
Kiwibank MasterCard Gold comes with complimentary travel insurance for you and any immediate family travelling with you
Purchase Rate:
17.90%
Balance Transfer:
1.99% p.a. for 6 months
Cash Rate:
22.95%
Rewards:
Complimentary Travel Insurance
Annual Fee:
$80 charged as $40 every six months
Interest Free:
55 days*
Description:
Earn 1 Airpoints Dollar™ for every: $75 spent on eligible purchases, or $65 spent on Air New Zealand products bought direct
Purchase Rate:
20.95%
Balance Transfer:
1.99% p.a. for the first 6 months on any transferred balance fro...
Cash Rate:
22.95%
Annual Fee:
$150 p.a (charged $75 half-yearly)
Interest Free:
44 days*

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Quick Links

What to Consider before Getting a Balance Transfer Credit Card

It is important to remember that even with a balance transfer offer of 0% you must still make your minimum monthly repayments in order not to incur a monthly penalty fee, so it pays to review the penalty fee before applying for a balance transfer credit card.

It is also important to note that credit card balance transfer offers do NOT apply to newly incurred debt on your new credit card, and once the credit card balance transfer period lapses, you would be charged at the normal purchase rate for the balance transferred. Below are some of the frequently asked questions about credit card balance transfer offers to help you with your search.

Frequently Asked Questions About Credit Card Balance Transfer Offers

[Click the link below to scroll to answer]

  1. Should I Apply for a Balance Transfer NZ Credit Card?
  2. When is a Balance Transfer Credit Card NOT Suitable for Me?
  3. Are there Any Hidden Fees or Surprises with Balance Transfer Credit Cards?
  4. Are there Any Balance Transfer NZ Credit Cards with Low interest rate?
  5. Does the Balance Transfer Rate Apply to New Debt too?
  6. Are there Balance Transfer Offers Longer than 12 months?
  7. Do I have to Pay a Setup or Joining fee?
  8. What is the Best Credit Card Balance Transfer Offer?
  9. Do I have to Pay a Minimum Repayment each month with my Balance transfer credit card?
  10. Can I Pay off my Transferred Balance before the Balance Transfer Period lapses?
  11. How are my Balance Transfer Repayments Allocated?
  12. Can I do a Second Balance Transfer to Another Bank?
  13. How do I Apply for a Balance Transfer Credit Card?
  14. Do I have to Let my old bank know when I transfer my credit card balance?
  15. What is in it for the bank to offer a 0% balance transfer rate?
  16. Are there any 0% balance transfer credit card offers?
  17. How do I transfer credit card balance?

1. Should I Apply for a Balance Transfer NZ Credit Card?

If you currently have a significant credit card debt, then a balance transfer credit card might be suitable for you. If you expect to take on more credit card debt, then you might want to choose a balance transfer credit card with a low ongoing purchase rate. Back to FAQ ↑

2. When is a Balance Transfer Credit Card NOT Suitable for Me?

If you do not have a current credit card debt, then it does not make sense to get a balance transfer credit card – you might be better off with a low rate credit card instead.

If you have a small credit card debt, but expect to take on a significant credit card debt in the future, then you might benefit more from a low interest credit card with a balance transfer offer. Back to FAQ ↑

3. Are there Any Hidden Fees or Surprises with Balance Transfer Credit Cards?

Some credit card providers might charge a setup fee, but this is NOT common in New Zealand.

What is important to note is that even with a balance transfer rate of 0% you would still be required to make a minimum repayment of about 2% to 3% of your credit card debt each month, and if you miss this monthly repayment, then a penalty fee would be charged each month and added to your credit card debt. Furthermore, these penalty fees would begin to incur interest at the normal higher interest rate NOT the balance transfer rate, so it is worth paying your minimum repayments. Back to FAQ ↑

4. Are there Any Balance Transfer NZ Credit Cards with Low interest rate?

Yes, there are several balance transfer credit cards with low interest rates. You can use our credit card finder tool to filter through all the credit cards on our website to find exactly what you are looking for, but we have also put together a list of these low rate credit cards with balance transfer offers just for you. Back to FAQ ↑

5. Does the Balance Transfer Rate Apply to New Debt too?

No, the balance transfer rate applies only to the balance transferred. Any new debt on your credit card would incur interest at the standard purchase rate. If you expect to incur more debt then we suggest you use your credit card finder tool to find a balance transfer credit card with a low purchase rate. Back to FAQ ↑

6. Are there Balance Transfer Offers Longer than 12 months?

Yes, some balance transfer offers last for the life time of the balance transferred, but these tend to have a slightly higher balance transfer rate. Back to FAQ ↑

7. Do I have to Pay a Setup or Joining fee for a Balance Transfer Credit Card?

Setup or joining fees for balance transfer offers are not common in New Zealand, but most balance transfer credit cards have an annual fee of between $30 to $150. Back to FAQ ↑

8. What is the Best Credit Card Balance Transfer Offer?

The best balance transfer credit card depends on your personal circumstance, however, we have put together a list of our favourite balance transfer offers on our Best Credit Card Balance Transfer page.

Back to FAQ ↑

9. Do I have to Pay a Minimum Repayment each month with my Balance transfer credit card?

Yes, you would usually have to pay a minimum repayment which is usually between 2% to 3%, and a failure to make your minimum repayment each month would result in a penalty fee charged to your account, but considering the savings from the low balance transfer rate, it might still be worth your while. Back to FAQ ↑

10. Can I Pay off my Transferred Balance before the Balance Transfer Period lapses?

Yes, you can pay off your balance transferred as quickly as you like. The balance transfer period is simply the period in which the balance transfer rate is applied to the transferred credit card balance. Back to FAQ ↑

11. How are my Balance Transfer Repayments Allocated?

Any repayments that you make goes towards paying off your transferred balance first, then your newly incurred debt. This means you would have to pay off your entire transferred balance first in order to be able to start paying off your newly incurred debt. Keep in mind, you would be charged at the normal higher rate for newly incurred debt. Back to FAQ ↑

12. Can I do a Second Balance Transfer to Another Bank?

Yes, you can transfer your balance to another bank or provider when you balance transfer period lapses. This is a good way to help you pay off your debt fast. Back to FAQ ↑

13. How do I Apply for a Balance Transfer Credit Card?

It’s simple, you can either do the transfer right from the start or get the credit card first, and then transfer your balance to the new credit card later. If you plan to do the balance transfer after you have secured your credit card, keep in mind there is usually a minimum window to do this to get the introductory rate.

Follow the steps below to transfer your balance across to a new card.

  • First you need to find a credit card balance transfer offer that is suitable for you. You can use our credit card finder tool to find the right credit card for your personal circumstance.
  • Make sure you choose a balance transfer credit card with a suitable credit limit for you. Note that your approved balance transfer amount could be as low as 80% of your approved credit limit. It is also possible that between the time you request a transfer and when it happens, you might incur further interest, late payment fee and annual fee on your old credit card. You should contact your current bank to get an estimated final payout amount based on when you expect the balance to be transferred.
  • Click on the “go to site” link on our website to apply for your selected balance transfer credit card.
  • Wait for your application to be approved. This can take between 2 minutes to 1 week. Usually you would get an indication of how long your application would take during the application process
  • Once you get your new card you should contact your old provider to let them know if you wish to cancel your old card to avoid paying any annual fees.

Back to FAQ ↑

14. Do I have to let my old bank know when I transfer my credit card balance?

Depends, in most cases your new credit card provider would sort that out, but you need to provide the details of your bank to your new credit card provider to allow them to do this.

It might be useful to contact your current provider to find out what your final balance would be before arranging the balance transfer.

You might also want to contact your old credit card provider to cancel your old card once the balance transfer is complete to avoid paying the annual fee if applicable.

Back to FAQ ↑

15. What is in it for the bank offering 0% balance transfer rate?

It does seem odd that your new credit card provider would charge you practically nothing for 6 to 18 months, and you are free to transfer your balance to a new credit card provider at any time, but credit card providers are banking on you staying with them after the balance transfer period lapses – there is also a good chance you might incur new debt on your credit card while with them which would incur interest at the normal higher rate. Also, if you fail to make your minimum repayments, you would be charged a penalty fee which starts to incur interest at the normal higher purchase rate.

Of course, if you manage to pay off your credit card debt while with your new credit card provider, then you are more likely to stay with the new provider moving forward. Back to FAQ ↑

16. Are there any 0% balance transfer credit card offers?

Yes, many banks and card providers offer zero interest balance transfer in NZ. You can use our credit card filters on this page to narrow down the list of credit cards to show only interest free balance transfer credit cards or visit our dedicated 0% balance transfer offers page.

Back to FAQ ↑

17. How do I transfer credit card balance?

If you would like to transfer your existing credit cards balance to a new credit card then you can start by finding a suitable balance transfer credit card by visiting our Balance Transfer page and use the filters to find a suitable card.

After you have found a suitable balance transfer credit card you can simply click through by hitting the “go to site” button to go to the credit card provider’s website to get your credit card online or to arrange a visit to your local store.

Back to FAQ ↑

If you have any questions regarding credit card balance transfer NZ offers please feel free to contact us, but please keep in mind that we do not offer advice on which credit card to get or which reward program to join – we simply offer the information you need to make a decision.

If you are unsure about which type of credit card to get then visit our home page to start your credit card search from there. We hope you enjoy our website and that we are able to help you find the right credit card to suit your needs.

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