As soon as you start your search for a credit card, you will find cards with different features, usability, benefits, charges, and varying interest rates.
When you are having so many options to choose from, choosing the right card with the right features that meet your needs can be difficult. In this article, we are going to introduce you to one such card, which might just be the perfect credit card you have been looking for!
The Kiwibank NZ Mastercard Zero Credit Card is a basic credit card with simple features and is easy to understand. This makes the card perfect for everyday use. Read on to learn more about the features and benefits of this credit card.
The Most Economical Credit Card
The Kiwibank NZ Mastercard Zero Credit Card is arguably one of the most cost-effective and economical credit cards that are available in the present day.
You will discover this, when we share with you the fee and interest rate details associated with the card, later in this article. However, make a note that you will find few cards that offer you the trust, credibility, and ease of use as good as this card.
Multiple Account Holder Support with No Additional Fee
One of the best features of the Kiwibank Zero Credit Card is that it supports multiple individuals to operate the same card, without paying any additional fee for the service.
There can be either joint or additional account holders for the card. This feature is not available in many other credit card offerings and is very useful as it expands the scope and usability of the card.
A Fixed Number of Interest-Free Days
With the Kiwibank Zero Credit Card, you get 55 interest-free days every year. What this essentially means is that you will not be charged any interest for at least 55 days every year, bringing down your credit card expenses considerably.
However, it is important to note that you qualify for the interest-free days only if you pay all your credit card bills before the due date.
Eligibility Criteria
To be eligible for the Kiwibank NZ Mastercard Zero Credit Card, one needs to be at least 18 years of age, a permanent resident or citizen of New Zealand, and you must have a sound financial history and a good credit score.
How to Apply for the Card
Applying for the Kiwibank Zero Credit Card is quite simple. You can apply for the card online by opening the Kiwibank official webpage for the Zero Credit Card.
Then, locate the “Apply Now” button and click on it. A new window will open asking you if you are an existing or new Kiwibank customer. Select the option as applicable.
Follow the prompts that appear next. This will involve entering your basic information as well as financial details in the application form. Submit your credit card application and wait for a decision on its approval by the bank.
Interest Rate and Fees
Kiwibank charges one of the lowest fees and interest rates for it's Zero Credit card. Here are some of the main fees and charges applicable to the card.
- Account Fee - $0
- Joint/Additional Cardholder Fee - $0
- Interest Rate on Purchases - 13.95% p.a.
- Interest Rate on Cash Advances - 13.95% p.a.
- Balance transferred from a non-Kiwibank credit card - 1.99% p.a. for 6 months
- Cash advance via Internet banking or mobile app fee - $0
- Cash advance in New Zealand - ATM or staff assisted - $0.90
- Cash advance overseas - ATM or staff assisted - $6 per transaction
- International transaction fee - 1.85% of the New Zealand dollar amount once converted
- Balance Transfer Fee - 1.99% p.a. for 6 months
Contact Information
If you would like to get in contact with a Kiwibank representative, you can reach them by calling 0800 113 355. Their head address is Kiwibank Limited, Private Bag 39888, Wellington Mail Centre, Lower Hutt 5045.
Conclusion
With the basic Kiwibank NZ Mastercard Zero Credit Card, you can have easy and economic perks that come with this credit card. If you are above 18 years old and a permanent resident of New Zealand, then consider applying for this card.
Note: There are risks involved when applying for and using credit a credit card. Consult the bank’s terms and conditions page for more information.
