We have reviewed and compiled below a list of Balance transfer credit cards in NZ to help you find the “best balance Transfer credit card” to meet your needs. Keep in mind that the best credit card with balance transfer offer for you would depend on your personal circumstance and need.
A balance transfer credit card is a credit card that offers a low interest rate on balance transfered from one credit card to another credit card for a specified period. Compare credit card balance transfer offers in New Zealand below.
Updated: 5 Dec, 2024
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Card | Description | Purchase Rate (p.a.) | Balance Transfer | Cash Rate (p.a.) | Annual Fee | Interest Free Days |
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Westpac Fee Free MasterCard Credit Card
Platinum Award | Comes with a low rate of just 12.90% p.a. plus 5.95% p.a. for the life of the balance transferred to this card. it also comes with no annual fee, no cash advance fee and no foreign transaction fees. | 12.90% p.a. | 5.95% for life of balance transferred | 19.95% p.a. | $0.00 | 55 days
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ASB Visa Light Credit Card
Gold Award | The ASB Visa Light credit card has no annual fee, a low purchase rate and 0% balance transfer for 6 months plus 0% p.a. for 6 months when you spend $1,000 or more on any single eligible purchase | 13.5% p.a. | 0% p.a. for 6 months | 22.95% p.a. | $0.00 | 55 days
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Co-operative Bank Fair Rate Credit Card
Gold Award | The Fair Rate Credit Card has a very low purchase rate of 12.95% p.a. plus a balance transfer rate of 0% p.a. for 6 month. This might be a good card if you are looking for a credit card with a low interest rate and/or a card with a 0% p.a. balance transfer offer. | 12.95% p.a. | 0% p.a. for 6 months | 12.95% p.a. | $20.00 | 55 days
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TSB Low Rate Mastercard Credit Card
Gold Award | The TSB Low Rate Mastercard has a very low interest rate of 11.95% p.a. for purchases and cash advances. | 11.95% | 0% for 6 months | 11.95% | $20.00 | 55 days
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Westpac Hotpoints Platinum MasterCard Credit Card
Gold Award | Earn 1.5 hotpoints for every $1 spent on your card up to (and including) $7,000 then 1 hotpoint for every $1 spent on your card each month. Reward Points Cash Equivalent: $100 spend earns $0.83 cash equivalent (for up to $7,000 spend)^. $100 spend earns $0.55 cash equivalent (for over $7,000 spend)^. | 20.95% p.a. | 5.95% for life of balance transferred | 22.95% p.a. | $70.00 | 55 days
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ASB Visa Rewards Credit Card
Gold Award | Get one True Rewards Dollar for every $150 you spend on your ASB Visa Rewards. One True Rewards Dollar equals one New Zealand dollar. Reward Points Cash Equivalent: $100 spend earns $0.66 cash equivalent^. | 20.95% | 0.00% for 6 months | 22.95% | $40.00 | 55 days
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ASB Visa Platinum Rewards Credit Card
Gold Award | Choose between True Rewards or Everyday Rewards points. Earn 1 True Rewards Dollar for every $100 you spend or 1 Everyday Rewards point for every $1 spent on your ASB card. This card also comes with travel insurance for you, your spouse and your dependent children. Reward Points Cash Equivalent: $100 spend earns $1.00 cash equivalent in True Rewards points^. | 19.95% | 0% p.a. for 6 months | 22.95% | $80.00 | 55 days
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ANZ Low Rate Visa Card
Gold Award | Features a low interest rate of 13.90% and a balance transfer rate of 1.99% for 24 months | 13.90% | 1.99% p.a. for 24 months | 20.95% | $0.00 | 55 days
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Kiwibank Zero Visa Credit Card
Platinum Award | A low rate credit card with no annual fee and a 1.99% balance transfer for 6 months | 12.90% p.a. | 1.99% p.a. for 6 months | 12.90% p.a. | $0.00 | 55 days
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Kiwibank Air New Zealand Airpoints Low Fee Visa Credit Card
Gold Award | Earn 1 Airpoints Dollar™ for every $200 spent on eligible purchases. Reward Points Cash Equivalent: $100 spend earns $0.50 cash equivalent^. | 16.90% p.a. | 1.99% p.a. for 6 months | 16.90% p.a. | $50.00 | 44 days
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Kiwibank Air New Zealand Airpoints Platinum Visa Credit Card
Gold Award | Earn 1 Airpoints Dollar™ for every $115 spent on eligible purchases. This card also comes with complimentary overseas travel insurance for you and your immediate family travelling with you for up to 40 days. Reward Points Cash Equivalent: $100 spend earns $0.64 cash equivalent^. | 20.95% | 1.99% p.a. for 6 months | 20.95% | $180.00 | 44 days
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Westpac Hotpoints MasterCard Credit Card
Gold Award | Earn 1 hotpoint for every $1 spent on your card up to (and including) $3,500 then 0.5 hotpoints for every $1 spent on your card each month. Reward Points Cash Equivalent: $100 spend earns $0.55 cash equivalent (for up to $3,500 spend)^. $100 spend earns $0.27 cash equivalent (for over $3,500 spend)^. | 20.95% p.a. | 5.95% for life of balance transferred | 22.95% p.a. | $40.00 | 55 days
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Westpac Hotpoints World MasterCard Credit Card
Gold Award | Earn 2 hotpoints for every $1 spent on your card up to (and including) $15,000 then 1 hotpoint for every $1 spent on your card each month. Plus Priority Pass lounge access to over 1,500 airport lounges around the world and overseas travel insurance for up to 120 days per round trip. Reward Points Cash Equivalent: $100 spend earns $1.11 cash equivalent (for up to $15,000 spend)^. $100 spend earns $0.55 cash equivalent (for over $15,000 spend)^. | 16.95% p.a. | 5.95% for life of balance transferred | 22.95% p.a. | $285.00 | 44 days
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Westpac Airpoints MasterCard Credit Card
3.5/5 Stars | Earn 1 Airpoints Dollar for every $150 spent on eligible purchases on your card up to (and including) $3,500 then 1 Airpoints Dollar for every $300 spent on your card each month. plus 5.95% p.a. for the life of the balance transferred to this card. Reward Points Cash Equivalent: $100 spend earns $0.66 cash equivalent (for up to $3,500 spend)^. $100 spend earns $0.33 cash equivalent (for over $3,500 spend)^. | 20.95% p.a. | 5.95% for life of balance transferred | 22.95% p.a. | $70.00 | 55 days
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Westpac Airpoints Platinum MasterCard Credit Card
Gold Award | Earn 1 Airpoints Dollar for every $110 spent on your card up to (and including) $7,000 then 1 Airpoints Dollar for every $220 spent on your card each month plus get 5.95% for the life of the balance transferred. Reward Points Cash Equivalent: $100 spend earns $0.90 cash equivalent (for up to $7,000 spend)^. $100 spend earns $0.45 cash equivalent (for over $7,000 spend)^. | 20.95% p.a. | 5.95% for life of balance transferred | 22.95% p.a. | $125.00 | 44 days
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Westpac Airpoints World MasterCard Credit Card
Gold Award | This card is a touch of everything including Airpoints, a relatively low interest rate of 16.95% and a balance transfer offer of 5.95% for life of balance transferred. It also comes with Priority Pass lounge access to over 1,500 airport lounges around the world. Reward Points Cash Equivalent: $100 spend earns $1.05 cash equivalent (for up to $15,000 spend)^. $100 spend earns $0.52 cash equivalent (for over $15,000 spend)^. | 16.95% | 5.95% for life of balance transferred | 22.95% | $310.00 | 44 days
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^ To help you compare reward points across different credit cards and rewards programs, we provide an estimate of the cash-equivalent of the reward points that you will get back for every $100 you spend on eligible purchases with your card. The cash equivalent value given is an estimate only based on a specific redemption example. In some cases you might earn less or more depending on how you redeem your ponts and some reward points cannot be redeemed for cash directly. Click on the card to find out how the estimate was calculated.
When considering a credit card for balance transfer, it’s important to be aware of the potential risks involved:
Despite the risks, using a credit card for balance transfer can offer significant long-term rewards:
To determine if a balance transfer is the right choice for you, consider the following:
When comparing balance transfer deals, the standard purchase rate is also important. Many banks offer special low rates for transferred balances, but these rates often revert to a higher standard rate after a promotional period. Be sure to check the following:
The promotional period is the length of time the low interest rate applies to your transferred balance. This period can vary significantly between offers. Key points to consider include:
Each credit card issuer has specific eligibility criteria for balance transfer offers. These criteria can include:
Once you have paid off your balance using a balance transfer credit card it often makes sense to review your existing credit card to make sure it is the right credit card to meet your needs. Below are a few credit card types you might want to consider after paying off your credit card debt.
If you are looking to save on interest and have already paid of your transfered balance then a low interest credit card might be a great option. These cards typically offer a lower purchase rate, which can help you save money over time. Key benefits include:
For those who pay off their credit card balance in full each month, rewards credit cards or cashback credit cards can be very beneficial. These cards offer points or cashback on your spending, which can be redeemed for various rewards. The best rewards credit card for you needs to align with your spending habbits. Advantages of these cards include:
If you love to travel then Travel credit cards or Airpoints credit cards might be the perfect fit for you. These cards allow you to earn points on your spending that can be redeemed for flights, accommodation, and other travel-related expenses. With so many travel credit cards available in New Zealand our filtering tool can help you find the right NZ Travel credit card to meet your needs. Benefits include:
If you are a frequent flyer then Frequent Flyer Credit Cards might be a suitable choice. Frequent flyer credit cards tailored to frequent flyers and offer benefits such as Airpoints, Free travel insurance, Free Airport lounge access and more. Benefits include:
If you occassionally make big purchases or are planning to make a big purchase you could consider getting an Interest Free Credit Card. These cards allow you to make a purchase and pay no interest for a fixed period. Benefits include:
Unsure which credit card to get after paying off your balance? We’ve put together a list of the best credit cards in NZ to help you decide alternatively you can browse through all NZ Credit Cards on our home page.
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.
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.
Follow the steps below to transfer your balance across to a new card.
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.
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.
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.
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.
We often get asked what is the best credit card with balance transfer in NZ but the truth is that the best balance transfer credit card for you depends on your personal circumstance and how you plan to use your credit card. We’ve compiled above a list of all the balance transfer credit cards to help you choose the right credit card for you. To find the right credit card for you, we recommend that you compare all credit cards in NZ on our website or narrow down your search by a credit card type as shown below. You can select more credit card types using the top menu of this page.