What are the interest rates?
12.95% p.a. - we have one interest rate for both purchase and cash advances. Having one interest rate is simple and fair, just the way it should be.
What to be aware of
Interest on the cash advances begins adding up right away and if the cash is accessed overseas, a fee will also apply.
It can be an expensive way of accessing cash.
Other important things to know
| 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 |