One simple interest rate
12.95% p.a. on purchases and cash advances, simple, fair, and easy to understand and manage.
Save with 0% balance transfers
Enjoy 0% p.a. for the first 6 months on balances transferred from another credit or store card. After the 6‑month period, a single floating interest rate of 12.95% p.a. applies to any remaining transferred balance.
Manage everything online
Apply online, track your spending, order a replacement card, or request a credit‑limit change, anytime through our mobile app or internet banking.
Things to love
One fair interest rate
You’ll get a single interest rate of 12.95% p.a. for both purchases and cash advances, no confusing tiers.
Up to 55 days interest‑free on purchases
You can enjoy up to 55 days interest‑free on new purchases as long as you pay your full closing balance by the due date.
If you have a balance transfer, you won’t receive interest‑free days on new purchases until the balance transfer is fully paid off. If your balance is fully cleared by the due date, your interest‑free days on new purchases will resume from your next statement period.
Note: Cash advances are not eligible for interest‑free days.
Fast, convenient spending, made your way
Purchases can be made your way – in-store, online, and over the phone, in New Zealand and overseas anywhere Mastercard is accepted. Go-walletless with Apple Pay and Google Pay and contactless payments.
Making your repayments work smarter
When you make a payment fees and interest are paid off first, then we automatically direct the rest to the part of your balance with the highest interest rate that have statemented — helping you clear your most expensive debt faster.
Card design & sustainability
We’ve introduced new card designs on 97% recycled PVC, making us one of only a few New Zealand banks offering cards made from recycled materials and reflecting our commitment to B-Corp certification.
Balance transfers made easy
0% p.a. for 6 months on balances transferred from another credit or store card. After 6 months, any remaining transferred balance reverts to the standard rate.
Minimum transfer: $100
Maximum transfer: You can transfer up to 80% of your credit limit so there’s still a buffer for any fees or interest. For example, if your credit limit is $5,000, you can transfer up to $4,000.
We can transfer a balance once per external card, and you can consolidate multiple cards into one transfer request.
Apply nowSecurity and control
24/7 fraud monitoring to help detect and stop suspicious card activity.
If you think your card details have been compromised, you can instantly block your card in mobile or internet banking to help keep your account secure. If you need to dispute a transaction, just call us on 0800 554 554 and we’ll work through it together, blocking your card won’t start a dispute, but it does stop any further use while we investigate.
You may also be covered by the Mastercard Zero Liability Protection* for unauthorised transactions.
Mastercard® ID Check adds an extra layer of security for online shopping.
Interest rates and fees
| Type | Interest rate/Fee |
|---|---|
| Interest rate - Purchases | 12.95% p.a. |
| Interest rate - Cash Advances | 12.95% p.a. |
Balance Transfer (6 months) After 6 months, any remaining transferred balance will be treated like a cash advance and our standard interest rate for cash advances will apply (currently 12.95%p.a.). | 0% p.a. |
| Minimum limit | $1,000 |
| Account fee (Primary card holder only) | $10 every six months |
| Account fee (Primary with additional card/s) | $15 every six months |
| Cash advance fee – Overseas (ATM or branch) | $6.50 per transaction |
| Foreign currency conversion fee | 1.90% of the New Zealand dollar converted value of the foreign currency transaction |
| Late payment fee | $0 |
| Card replacement fee | $10 (plus courier costs, where applicable) |
| Copy of statement fee | Free (accessible only via internet banking) |
| Disputed transaction handling fee | $0 |
Important information and notices
- Eligibility: To apply for a Fair Rate Credit Card, you must 18 years or older, be living in New Zealand and are either New Zealand citizens or permanent residents and meet our lending criteria. These requirements help ensure that we lend responsibly and that the card is right for you.
- Interest rates and fees: are subject to change. For a full list of fees and interest rates, see fees. For full Terms and Conditions for The Co-operative Bank Fair Rate Credit Card, please refer to the Conditions of Use and Fees & Rates Brochure.
- Direct Debit: To pay your Fair Rate Credit Card by direct debit, download the Direct Debit Authority Form and email it to our card operations team at cardoperations@co-operativebank.co.nz
- *Mastercard Zero Liability Policy Protection: See details here. Mastercard ID Check: Learn more about an extra layer of security for online purchases here. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
- Service alert (Russia): Due to the ongoing conflict in Ukraine, Mastercard has suspended its network services in Russia. Your Co‑operative Debit Mastercard and Fair Rate Credit Card won’t work for online purchases from Russian merchants, or within Russia at ATMs or merchants. For queries, call 0800 554 554.
- Digital wallet and contactless payment: Apple Pay, Apple Wallet, iPhone and Apple Watch are trademarks of Apple Inc., registered in the U.S. and other countries. The Co-operative Bank Apple Pay Conditions of Use apply when you use your card in Apple Pay. Google Pay and Google Wallet are a trademark of Google LLC. Merchant and other surcharges: may apply for contactless transactions.
- Budgeting support: You can contact Money Talks for free budgeting advice.