If you are tired of all the annual account fees charged by other cards, then worry not, because the Kiwibank Zero Visa Credit Card charges no fees for the card, and additionally, it has a low-interest rate for purchases and other transitions.
Now, in addition to all that, the card doesn’t charge an annual fee as well. And it comes with an interest-free period of up to 55 days when you demonstrate that you are trustworthy and you pay your balances in full at the end of the month.
Depending on when you apply for this card, you may be entitled to a 1.99% interest on balance transfers for the first 6 months. This enables you to make huge purchases and pay them at an extremely low-interest rate.
The Kiwibank Zero Visa Credit Card Benefits and Features
This credit card comes with the following features.
No Account Fees
As mentioned earlier, this is the main selling point for this credit card. You will not pay any account fees with this card from the day you start using it till it expires. This saves you plenty of money on card-related fees.
A Low Interest Rate
The purchase interest rate of this card may not necessarily be the lowest in the market, but at 13.95% it is among the lowest. This rate is also for cash advances as well.
Interest-free Days
You shall get to enjoy a 55-day interest-free period when you demonstrate that you can pay the card on time, and in full at the end of each month.
Balance Transfers
The Kiwibank runs promotions often that allows you to transfer all outstanding balances from other high-interest rates onto the card and pay for them at a very low interest rate of 1.99% p.a.
Pros/Cons of the Kiwibank Zero Visa Credit Card
Pros
- No account fees
- Low-interest rate
- 55 days of interest-free
Cons
- Doesn’t have too many perks.
- No reward points on purchases
The Kiwibank Zero Visa Credit Card Fees
When applying for a credit card, it is important to be aware of the fees and interest charged. Below is a list of fees that come with the Kiwibank Zero Visa Credit Card.
- Purchase interest rate – charged at 13.95%
- Cash advance interest rate – charged at 13.95%
- Interest-free days – 55 days
- Balance transfer fee – charged at 1.99% for the first 6 months.
- Minimum credit limit - $500
- Joint/additional cardholder fee - $0
- Late payment fee – charged at $5
- Annual card fee $0
- Cash advance fee - $0.90
- Overseas ATM withdrawal fee - $6
- Overseas cash advance fee - $6
The Kiwibank Zero Visa Credit Card Eligibility
To apply for this card, you must ensure that you first meet the eligibility criteria and also that you have already compared the features of other credit cards and have decided on this one. Here are the eligibility criteria
- You must be 18 years of age.
- You must either be a permanent resident or citizen of New Zealand.
- You must have a good credit history
- Must agree to a credit check.
How to Apply for the Kiwibank Zero Visa Credit Card
Once you check that you meet the criteria, visit the Kiwibank website to fill out the application form. You shall be required to fill it with the following information.
- Your names and proof of identification
- Your address and proof with either a bank statement, utility bill, or doctor’s letter.
- Your driver’s license
- Your payslips or salary notice
- Telephone number
- Email address.
Kiwibank Address and Contact Information
To find out more about the Kiwibank Zero Visa Credit Card it is advisable that you contact the bank directly. Kiwibank can be contacted using the following details.
Address: New Zealand Post House, Level 12, 7 Waterloo Quay, Wellington, 6011 New Zealand
Phone: 64 4 473 1133
Conclusion
With this credit card, you will not get to enjoy as many perks as you would with the others in the market, but what you are assured of is the absence of many card-related fees. Check their website to learn more about the card and apply it. All the best.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the bank's terms and conditions page before agreeing to anything.
