Rewards Credit Card – Credit Cards Rewards in NZ

Updated: 27 Nov, 2023

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Compare Rewards Credit Cards in NZ

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Card	Description	Purchase Rate (p.a.)	Balance Transfer	Cash Rate (p.a.)	Annual Fee	Interest Free Days
The American Express Airpoints Platinum Card	The FASTEST Airpoints DollarTM earning Platinum credit card in NZ. Every $59 you spend earns you 1 Airpoints Dollar. This cards also comes with Complimentary Travel Insurance, Koru joining fee waiver and Two VIP Lounges with Priority Pass per year. CURRENT OFFER: Receive 300 bonus Airpoints Dollars™ when you apply online, are approved and spend $1,500 on your new Card within the first 3 months. New Card Members only.	22.95% p.a.	N/A	22.95% p.a.	$195.00	55 days More Info » Apply Now » No documents required to apply1
The American Express Airpoints Credit Card	Interest Free (0% P.A.) on purchases for the first 6 months, plus NO ANNUAL FEE and earn 1 Air New Zealand Airpoints Dollar for every $100 you spend. CURRENT OFFER: 50 bonus Airpoints Dollars™ when you apply, are approved and spend $750 on your new Card within the first 3 months. New Card Members only.	0% p.a. for 6 months then 22.95% p.a.	N/A	22.95% p.a.	$0.00	55 days More Info » Apply Now » No documents required to apply1
The American Express Gold Rewards Credit Card	Amex's FASTEST earn rate credit card in NZ. Get 2 points per $1 spent with this award-winning Membership Rewards programme. CURRENT OFFER: Get $200 back* (Statement Credit). *Apply online, be approved and spend $1,500 on your new Card within the first 3 months. New Card Members only. T&Cs apply.	22.95%	N/A	22.95% p.a.	$200.00	55 days More Info » Apply Now » No documents required to apply1
SBS Visa Credit Card	A No annual fee credit card that allows you to earn $1 for every $150 spent on eligible transactions	18.50%	N/A	21.50%	$0.00	55 days More Info » Apply Now »
Farmers Finance Card	Note: Farmers Finance Card is no longer accepting any new applications and are instead accepting applications on Farmers Mastercard. With Farmers Finance Card, there are no annual account fees! You'll enjoy up to 55 days interest free* and get access to exclusive extended payment deals at Farmers!	25.50%	N/A	25.50% p.a.	$0.00	Up to 55 days More Info » Apply Now »
BNZ Advantage Classic Visa Credit Card	Get 1 Fly Buys point for every $40 of eligible spend OR get 1 BNZ Point for every $1 you spend on eligible purchases.	20.95%	N/A	22.95%	$40.00	55 days More Info » Apply Now »
Westpac Hotpoints MasterCard Credit Card	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	20.95% p.a.	0% for 6 months then 5.95% for life of balance transferred	22.95% p.a.	$40.00	55 days More Info » Apply Now »
ANZ CashBack Visa Credit Card	You get $1 cash back for every $150 spent on eligible purchases	19.95%	N/A	19.95%	$40.00	55 days More Info » Apply Now »
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 dollar	20.95%	0.00% for 6 months	22.95%	$40.00	55 days More Info » Apply Now »
Flight Centre Mastercard Credit Card	Earn 1 Flight Centre Reward for every NZ$100 you spend on a Purchase and 2 Flight Centre Reward points if purchased from Flight Centre. Flight Centre Mastercards has a $50 annual fee and a $55 establishment fee on your first purchase using Long Term Finance. The establishment fee reduces to $35 for subsequent Long Term Finance Purchases.	22.95%	N/A	24.95%	$50.00	Up to 44 days More Info » Apply Now »
Farmers Mastercard Credit Card	Earn 1 Farmers Club Point for every $10 you spend using your Farmers Mastercard credit card. This card has a $50 annual fee and a $55 establishment fee on your first purchase using Long Term Finance. The establishment fee reduces to $35 for subsequent Long Term Finance Purchases.	25.95%	N/A	27.50% p.a.	$50.00	Up to 55 days More Info » Apply Now »
Air New Zealand Airpoints Low Fee Visa Credit Card	Earn 1 Airpoints Dollar™ for every $200 spent on eligible purchases.	16.90% p.a.	1.99% p.a. for 6 months	16.90% p.a.	$50.00	44 days More Info » Apply Now »
Warehouse Money Purple Visa Credit Card	The Warehouse Money no longer offers the Purple Visa Credit Card. This credit card is now offered by SBS Money Limited trading as Purple Card.	22.90%	N/A	25.90%	$55.00	55 days More Info » Apply Now »
SBS Pink Ribbon Visa Credit Card	A reward credit card that also helps fight breast cancer. SBS Bank will donate $20 to Breast Cancer Foundation NZ for every account opened successfully. Every time you use your card SBS Bank will donate 5 cents to Breast Cancer Foundation NZ. Earn $1 for every $150 spent on Eligible Transactions.	19.95% p.a.	N/A	22.95% p.a.	$55.00	55 days More Info » Apply Now »
Onecard Visa - from Countdown	This card has been suspended and no applications are being accepted. Every $1,000 you spend at Countdown earns you $90. Earn 2x Onecard points and AA Smartfuel discounts at Countdown with the Onecard Visa card. Additionally, earn Onecard points wherever Visa is accepted.	19.99%	N/A	22.99%	$65.00	55 days More Info » Apply Now »
ANZ Airpoints Visa Credit Card	Earn 1 Airpoints DollarTM for every $170 dollars you spend on eligible purchase with the ANZ Airpoint Visa Card	19.95%	N/A	19.95%	$65.00	44 days More Info » Apply Now »
Westpac Hotpoints Platinum MasterCard Credit Card	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	20.95% p.a.	0% for 6 months then 5.95% for life of balance transferred	22.95% p.a.	$70.00	55 days More Info » Apply Now »
Westpac Airpoints MasterCard Credit Card	Earn 1 Airpoints Dollar for every $150 spent on the card plus 0% on balance transfer for 6 months then 5.95% p.a. for the life of the balance transferred	20.95% p.a.	0% for 6 months then 5.95% for life of balance transferred	22.95% p.a.	$70.00	55 days More Info » Apply Now »
ANZ CashBack Platinum Card	The ANZ Cash back Platinum card allows you to earn $1 cash back for every $120 spent on eligible purchases.	19.95%	N/A	19.95%	$80.00	55 days More Info » Apply Now »
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 children	19.95%	0% p.a. for 6 months	22.95%	$80.00	55 days More Info » Apply Now »
BNZ Advantage Visa Platinum Credit Card	Spend $20 on eligible purchases and get 1 Fly Buys point or spend $1 and get 1.67 BNZ Points.	18.95%	N/A	18.95%	$90.00	55 days More Info » Apply Now »
Westpac Airpoints Platinum MasterCard Credit Card	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 0% on balance transferred for 6 months then 5.95% for the life of the balance transferred	20.95% p.a.	0% for 6 months then 5.95% for life of balance transferred	22.95% p.a.	$125.00	44 days More Info » Apply Now »
ANZ Airpoints Visa Platinum Credit Card	Earn 1 Airpoints Dollar for every $110 you spend on eligible purchases	19.95%	N/A	19.95%	$150.00	44 days More Info » Apply Now »
Kiwibank Air New Zealand Airpoints Platinum Visa Credit Card	Earn 1 Airpoints Dollar™ for every $115 spent on eligible purchases.	20.95%	1.99% p.a. for 6 months	20.95%	$180.00	44 days More Info » Apply Now »
Westpac Hotpoints World MasterCard Credit Card	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 1,300 airport lounges around the world and overseas travel insurance for up to 120 days per round trip.	16.95% p.a.	0% for 6 months then 5.95% for life of balance transferred	22.95% p.a.	$285.00	44 days More Info » Apply Now »
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 6 months then 5.95% for life of balance transferred	16.95%	0% for 6 months then 5.95% for life of balance transferred	22.95%	$310.00	44 days More Info » Apply Now »
The American Express Platinum Card	Earn 2 Membership Rewards points per dollar spent on your Card. Plus, complimentary VIP Lounges with Priority Pass access. You and a guest can enjoy complimentary access to 1,400 Airport lounges across 140 countries. Receive 100,000 bonus Membership Rewards points when you apply online, are approved and spend $1,500 on your new Card within the first 3 months. New Card Members only. T&Cs apply. There is also an annual Dining Credit of up to $300. You will get $150 back when you spend $150 or more, in one transaction, on your American Express Platinum Card at a participating restaurant. Valid twice a year.	N/A	N/A	$2 per transaction	$1250.00	Up to 44 days More Info » Apply Now » No documents required to apply1

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More about credit card rewards

Many rewards credit cards come with extra benefits such as free travel insurance, free purchase protection, free travel lounge access and more. The best credit cards rewards for you would depend on how you plan to use your credit card and how attractive the extra benefits are to you.

What to consider before getting a credit card rewards card?

Credit card rewards might be the best way to take advantage of credit cards, but a rewards credit card might not be suitable for you if you have a significant credit card debt or if you expect to carry a debt on your credit card.

The best way to take advantage of credit cards is with a rewards credit card, but a rewards credit card might not be suitable for you if you already have a significant credit card debt or if you expect to carry a sizeable debt on your new credit card.

Other Options to Credit Card Rewards:

If you expect to carry a sizeable debt on your credit card, then a low rate credit card might be more suitable for you and if you currently have a significant credit card debt then a balance transfer credit card might be more suitable.

Dollar Value and Fees of Rewards Credit Cards:

To take advantage of reward credit card deals, you need to take into account the dollar value of the reward points you receive per $100 spent. A reward point from one credit card might be worth 1 cent and from another credit card worth $1. You also need to take into account the extra benefits you get from the credit card reward programme.

Best Credit Card Rewards:

If you tend to travel a lot for example, you might find that a free travel lounge access is worth a lot more to you. Of course, you also need to also take into account the annual fee of the card. We have compiled a list of our selected Best Credit Card Rewards in NZ as a guide, but please keep in mind that the best credit card rewards deal is highly subjective.

Frequently Asked Questions About Credit Cards Rewards 

1. Should I apply for a Reward Credit Card?
2. What is the Best Credit Card Rewards Card in NZ?
3. Are there Any Hidden Fees or Surprises with Credit Card Rewards?
4. Are there Any Reward cards with Low Interest Rates?
5. How Much are The Credit Cards Rewards Points Worth?
6. What Can I Use My Credit Card Reward Points for?
7. Do you have Signup Bonus Rewards Credit Cards?
8. What type of Credit Card Rewards are Available?
9. How Can I Tell if a Reward Credit Card is Good?
10. When is a Credit Card Reward Card NOT suitable?

1. Should I apply for a Reward Credit Card?

If you expect to pay off your credit card debt on time and in full without a problem then a reward credit card might be suitable for you as it allows you to take advantage of all the benefits associated with rewards credit cards. Back to FAQ ↑

2. What is the Best Credit Card Rewards Card in NZ?

We get asked this question a lot, so we have compiled a list of our selected Best Credit Card Rewards cards, but the best reward credit card for each individual is highly subjective, and we encourage you to review all the Rewards Credits cards and on our rewards credit card page to find the best rewards credit card to suit you personally. Back to FAQ ↑

3. Are there Any Hidden Fees or Surprises with Credit Card Rewards?

Most credit cards require a minimum repayment to be made each month and if you fail to make this payment then a penalty fee or penalty rate might be applied each month. You need to make sure you understand what penalty rate or fee would apply before purchasing a credit card. Rewards credit cards also tend to have a higher annual fee.

Direct cash withdrawals are also generally charged at a higher rate as indicated by the cash rate on the card details. Back to FAQ ↑

4. Are there Any Reward cards with Low Interest Rates?

In general, rewards credit cards tend to have higher interest rates than other credit cards. It is rare to find a reward card with a low interest rate, but you have come to the right place; You can use our credit card finder to filter through all the credit cards on here to find exactly what you are looking for. If it exists you are likely to find it on here. Back to FAQ ↑

5. How Much are The Credit Cards Rewards Points Worth?

The value of reward points on credit cards can vary significantly from one credit card to another so it does not make sense to compare reward points by volume of points alone. For example, 1,000 points might be worth $1,000 with one credit card and yet just $1 with a different credit card.

You need to understand how much each point is worth and NOT simply go for the credit card with the highest amount of points. Some credit cards also offer bonus points depending on how you use your credit card and how much you spend. This is worth looking into to see if you can get some bonus points. Back to FAQ ↑

6. What Can I Use My Credit Card Reward Points for?

This depends on the specific credit card. Some credit card reward points can only be redeemed for flights or used in store, whereas others are more flexible and can be redeemed in multiple locations, with some even allowing points to be redeemed as cash.

It is important to think about how you are going to use your reward points before you apply for a reward credit card. For example, if you do not fly often then Airpoints might not be worth much to you. Back to FAQ ↑

7. Do you have Signup Bonus Rewards Credit Cards?

Sign up bonus credit cards are not hugely common in New Zealand, but there are some credit card providers such as Amex who do offer sign up bonuses. Use our credit card finder tool to find the right credit card for you. Back to FAQ ↑

8. What type of Credit Card Rewards are Available?

There is a range of rewards programs available in New Zealand including Airpoints, Hotpoints, Flybuys, purple points and much more.

Some of these programs only allow you to redeem your points for flights or to use in-store whereas others are more flexible and allow you to redeem your points at multiple locations or redeem it for cash. Back to FAQ ↑

9. How Can I Tell if a Reward Credit Card is Good?

• Not all points are equal – It is important to know that not all points are the same. A point from one reward scheme might be worth twice as much as a point from another reward scheme.
• Reward points capping – Many reward schemes have reward point caps – meaning you cannot earn more than a certain number of point per year. This is a very important factor when considering reward programs to choose from.
• Reward points expiry – Some reward programs have reward point expiry which can be frustrating since this information is usually buried in the small print.
• East of point redemption – Make sure you know how to redeem your points before you apply for a reward credit card. This is important to avoid any frustration down the line after you have gone through the hassle of collecting your points. Some programs make it very difficult to redeem points whereas others go as far as automating the process.
• Flexibility – Some reward points can only be redeemed for flights or used as store credit. Make sure you know what you can redeem your points for.
• Bonus points – Some cards offer sign up bonus or spending bonus. Store or business specific credit cards offer extra points for shopping within the store or business. This in important information if you tend to spend a lot of money with at the store or business.

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10. When is a Credit Card Reward Card NOT suitable?

A reward credit card without a decent balance transfer offer might not be suitable for you if you currently have a significant credit card debt. Instead, you might want to consider a balance transfer credit card with an ongoing low purchase rate.

A reward credit card might also not be suitable for you if you plan to take on a significant credit card debt without paying it off on time. In this case a low interest credit card might be more suitable. Back to FAQ ↑

If you have any questions regarding reward credit cards 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. We hope you enjoy our website and we are able to help you find the right credit card for you.

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