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BNZ Low Rate Credit Card
BNZ Low Rate Credit Card

BNZ Credit Cards

BNZ Low Rate Credit Card

Updated 25 May 2020

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Annual Fee (p.a)



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Pros and cons

  • $15 account fee charged every six months
  • 13.45% p.a. on purchases
  • Up to 55 days interest free on purchases review

    Editor Review

    BNZ Low Rate Credit Card

    Roland Bleyer
    Credit Card Expert with over 15 years card experience and the founder of about this card.

    The BNZ Low Rate Credit Card

    If you apply for the BNZ Low Rate, this no frills card concentrates on keeping costs down in the longer term with a low standard account fee and a low purchase rate.

    What we love..

    What can you expect from BNZ as your credit card provider? Outstanding value, according to Canstar. BNZ just so happens to be the inaugural winner of the Canstar Bank of the Year (Credit Cards) award. Bestowed upon the bank in 2019, the award recognises BNZ’s suite of credit cards for their outstanding value.

    So, what does ‘outstanding value’ actually mean? Well, if you’re talking low cost cards such as the BNZ Low Rate Credit Card, offering value usually means having a low account fee and low purchase rate. Given its award-winner status, you may not be surprised to read that the BNZ Low Rate does in fact offer both. But that’s not the end of the story.

    It could be very appealing indeed. Especially when you take into account the long term money saving potential of the card, with its low ongoing account fee and low purchase rate.

    Why should you choose this card?

    As a no frills, low cost card, the BNZ Low Rate has no hefty account fees to cover, and there is no incentive to spend on the card, i.e. to earn rewards.

    If you simply want a low cost card, this card could be ideal. Its account fees can help keep ongoing costs down, and as long as you clear your balance each month, you can take advantage of up to 55 days interest free on purchases. On the other hand, if you carry a balance, the rate you pay on purchases is nice and low.

    Overall Rating

    A low cost card that keeps it simple, the BNZ Low Rate offers a low account fee and low purchase rate.

    User reviews

    BNZ Low Rate Credit Card ( based on 1 user review )

    62% rating based on 1 review

    Customer Service

    Rates and fees

    Interest rates

    Purchase rate 13.45% p.a.

    Cash advance rate 22.95% p.a.

    Interest free on purchases up to 55 days

    Credit limits

    Minimum credit limt $500

    Maximum credit limit N/A

    Fees & repayments

    Annual fee $30 p.a.

    Additional card holder fee $3 p.a.

    Foreign transaction fee 2.25%

    Minimum repayment

    Cash advance fee N/A

    Late payment fee $2

    Additional features

    Complimentary insurance

    Overseas travel insurance No

    Flight inconvenience insurance No

    Transport accident cover No

    Smartphone screen insurance No

    Purchase protection insurance Yes

    Extended warranty insurance No

    Rental vehicle excess cover No


    Eligible with Apple Pay & Google Pay


    BNZ Low Rate Credit Card

    Key features

    • $15 half-yearly account fee
    • 13.45% p.a. on purchases
    • Up to 55 days interest free on purchases

    Minimum criteria to apply for this card

    • Be over 18 years old

    • Good Credit and have not applied for multiple credit cards recently

    • Permanent Resident or New Zealand Citizen

    • You have your personal details ready to complete the online application

    Roland B Bleyer

    Roland B Bleyer founded in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

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