Rewards credit cards are credit cards that reward you with points and/or other goodies for using your credit card for purchases. Below is a list of credit card rewards in NZ.
Updated: 27 Nov, 2023
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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.
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.
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.
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.
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.
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 ↑
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 ↑
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 ↑
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 ↑
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 ↑
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 ↑
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 ↑
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 ↑
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.
The best credit card for you would depend on your personal circumstance and how you intend to use your credit card. We have put together a list of some of the best credit cards in New Zealand to help you find the best credit card in NZ to suit your individual needs. Alternatively, you can narrow down your search by credit card type such as interest free credit card, low rate credit card, balance transfer or air nz credit card