BNZ Advantage Classic Visa Credit Card

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The BNZ Advantage Classic Visa Credit Card is a rewards credit card that allows you to earn 1 BNZ Point for every $1 you spend on eligible purchases. BNZ Points can be redeem for rewards such as travel, gift cards or cash back to your credit card account. In terms of value, 200 BNZ Points is equivalent to $1.34 NZD. The BNZ Advantage Classic Visa Card also charges an annual fee of $40 and purchase rate of 20.95% p.a.

The BNZ Advantage Classic Visa Card could be a good fit for those who spend enough on their credit card to earn rewards that outweigh the annual fee while also not carrying a balance on their card. An alternative to this credit card is the Amex Airpoints credit card which allows you earn Airpoints rewards but does not charge an annual fee. We encourage our readers interested in credit cards with rewards to compare all rewards credit cards on our website to help them make an informed decision.

Rewards Points Cash Equivalent

$100 spend earns you $0.67 cash equivalent^.

^ 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 reward points cannot be redeemed for cash directly. See below to find out how the estimate was calculated.

Points Cash Equivalence Calculation

If $1 spend earns you 1 BNZ Points then $100 spend earns you 1 x 100 = 100 BNZ Points. We know that 20,000 BNZ Points gets you a $134 cash back in statement credit. This means $100 spend earns you (134 x 100/20,000) = $0.67 cash equivalent.

Our research seems to suggest you get more value for your BNZ Points by redeeming them for statement credits (cash back) rather than for gift cards and other products.

How can I redeem my BNZ Points?

BNZ Points can be redeemed in several ways, including for statement credits, travel, gift cards and shopping. You can find out how to redeem your BNZ points on the BNZ rewards portal.

Key Features

Purchase Rate: 20.95%
Cash Advance Rate: 22.95%
Balance Transfer: Unknown
Annual Fee: $40 charged as $20 half yearly. Additional card $12 p.a
Interest Free Days: 55 days
Minimum Repayment: $500
Card Reward Details: Get 1 Fly Buys point for every $40 of eligible spend OR get 1 BNZ Point for every $1 you spend on eligible purchases.
Credit Limit:
Other Fees:

IMPORTANT NOTE: please review the credit card details on the provider's website again before applying.

BNZ Advantage Classic Visa Credit Card Review

Pros and Cons

We've compiled below the pros and cons of the BNZ Advantage Classic Visa Credit Card to help you decide.

Pros

Earn BNZ Points

Cons

Limited benefits
Annual Fee

What we like about the BNZ Advantage Classic Visa Credit Card

Earn BNZ points

We like that you earn BNZ Points with every purchase which can be redeemed for gift cards, travel or even cash back.

Drawbacks to Consider

Annual Fees

While the BNZ Advantage Classic Visa Credit Card offers some benefits, it does come with an annual fee. This fee can be a downside, especially if you are not a frequent user of the card. It's important to weigh the benefits against this cost to determine if the card is worth it for you.

Limited Benefits

The BNZ Advantage Classic Visa Credit Card does not offer many perks.

Is the BNZ Advantage Classic Visa Credit Card right for me?

Everyday Shoppers

For those who use their credit card for daily purchases, the BNZ Advantage Classic Visa offers a rewarding experience. You can earn points on every dollar spent, which can be redeemed for a variety of rewards, including gift cards and merchandise. This might be a good choice for individuals who want to get more out of their everyday spending.

Frequently Asked Questions

What rewards can I earn with the BNZ Advantage Classic Visa Credit Card?

You can earn BNZ Points.

How can I apply for the BNZ Advantage Classic Visa Credit Card?

You can apply online through the BNZ website or visit a BNZ branch. You'll need to meet certain eligibility criteria and provide necessary documents.

In general, we also recommend comparing all credit cards on our website to help you make an informed decision.

Eligibility Requirements:

Your eligibility for this card would depend on a few criteria listed below. When you apply for a BNZ credit card, BNZ would ask you a few questions about the following criterias to determine your eligibility.

Income
Expenses
Debts
Assets
Savings
Investments

Documents:

In general the following documents are usually required for credit card applications.

Proof of Income

One of the following:

your most recent payslip or salary notice
copies of bank statements that show your pay or salary deposits
a letter from your employer confirming your income
an Inland Revenue Department (IRD) “summary of earnings” notice.

If you’re self-employed, you must supply:

signed financial statements for the past two years
a signed personal Statement of Financial Position
your personal tax return.

Proof of Identity:

A copy of one or two items from List 1. If you provide only one item from List 1, you must also provide one item from List 2.

List 1:

Current passport
New Zealand drivers licence
18+ card
Photo Credit Card

List 2:

Most recent bank statement
Debit card
Credit card
Community services card
Club or society card.

Are you interested in a credit card reward card? Compare ALL Rewards credit cards on our credit card rewards page.

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What is the best credit card in New Zealand?

We've been asked this question a lot so we have compiled our pick of the best credit card in NZ but keep in mind that the best credit card for you depends on your personal circumstance and needs. To find the best credit card for you, we recommend that you compare all credit cards in NZ on our website or narrow down your search by popular credit card types as shown below. Use the top menu of the page to select more credit card types.