Kiwibank Air New Zealand Airpoints Platinum Visa Credit Card

Gold Award

The Kiwibank Air New Zealand Airpoints Platinum Visa Credit Card is an Airpoints rewards credit card that allows you to earn 1 Airpoints Dollar™ for every $115 spent on eligible purchases on your card. Other benefits of the Kiwibank Air New Zealand Airpoints Platinum Visa Credit Card include complimentary overseas travel insurance for you and your immediate family travelling with you for up to 40 days if you pay for your travel and/or accommodation before you leave New Zealand, earn 1 Status Point for every $200 you spend, pay no Koru membership joining fee and get $145 off a standard one year membership. The Kiwibank Air New Zealand Airpoints Platinum Visa charges an annual fee of $180 and a purchase rate of 20.95% p.a.

Compared to other Airpoints credit cards, the Kiwibank Air New Zealand Airpoints Platinum Visa Credit Card does not offer the best Airpoints earn rate. An alternative to this credit card is the Amex Airpoints Platinum credit card which is the FASTEST Airpoints earning Platinum credit card in NZ. We encourage you to compare all Airpoints credit cards on our website to make an informed decision.

Rewards Points Cash Equivalent

$100 spend earns you $0.64 cash equivalent^.

^ To help you compare reward points across different credit cards and rewards programs, we provide an estimate of the cash-equivalent of the reward points that you will get back for every $100 you spend on eligible purchases with your card. The cash equivalent value given is an estimate only based on a specific redemption example. In some cases reward points cannot be redeemed for cash directly. See below to find out how the estimate was calculated.

Points Cash Equivalence Calculation

If 1 Airpoints Dollar equals $1 NZD when redeemed with Air New Zealand or through the Airpoints store and $115 spend earns you 1 Airpoints Dollar. Then $100 spend earns you (100/115) = 0.645 Airpoints or $0.64 cash-equivalent when redeemed with Air New Zealand or through the Airpoints store.

Key Features

Purchase Rate: 20.95%
Cash Advance Rate: 20.95%
Balance Transfer: 1.99% p.a. for 6 months
Annual Fee: $180 p.a (charged $90 every 6 months)
Interest Free Days: 44 days
Minimum Repayment: 5% of your monthly statement balance, or $10, whichever is greater
Card Reward Details:
Credit Limit: Minimum credit limit $8,000
Other Fees:

IMPORTANT NOTE: please review the credit card details on the provider's website again before applying.

Kiwibank Air New Zealand Airpoints Platinum Visa Credit Card Review

Pros and Cons

We've compiled below the pros and cons of the Kiwibank Air New Zealand Airpoints Platinum Visa Credit Card to help you decide.

Pros

Earn Airpoints
Complimentary Travel Insurance
Earn Status Points
Waived Koru membership joining fee
Discounted Koru membership fee of $145

Cons

High Annual Fee
Not the best Airpoints earn rate
Foreign transaction fee

What we like about the Kiwibank Air New Zealand Airpoints Platinum Visa

Airpoints Dollar Earning Potential

With the Kiwibank Air New Zealand Airpoints Platinum Visa, you can earn Airpoints Dollars on every purchase. This means that your everyday spending can help you accumulate points that can be redeemed for flights, upgrades, and other travel-related expenses. The more you use your card, the more Airpoints Dollars you can earn, making it a great option for those who travel frequently.

Complimentary Travel Insurance

One of the standout benefits of this card is the complimentary travel insurance. When you use your Kiwibank Air New Zealand Airpoints Platinum Visa to pay for your travel, you are automatically covered by travel insurance. This can provide peace of mind and save you money on purchasing separate travel insurance policies.

Access to Exclusive Air New Zealand Offers

Cardholders also gain access to exclusive Air New Zealand offers. These can include special deals on flights, early access to sales, and other promotions that are not available to the general public. This can help you save money and enjoy a more premium travel experience.

Earn Status Points

Aside from Airpoints you also earn Status Points which can come in handy for frequent flyers on Air New Zealand or the Star Alliance airlines.

Koru Membership Discount

Another benefit of the Kiwibank Air New Zealand Airpoints Platinum Visa Card is discounted Korum membership and waive joining fee for Koru membership. This alone might be worth the annual fee for cardholders interested in getting a Koru membership

Drawbacks of the Kiwibank Air New Zealand Airpoints Platinum Visa

Annual Fees and Interest Rates

One of the main drawbacks of the Kiwibank Air New Zealand Airpoints Platinum Visa is the annual fee. This card comes with a higher annual fee compared to other credit cards, which might not be ideal if you are looking to save money. Additionally, the interest rates on this card can be quite high, especially if you do not pay off your balance in full each month. This can lead to significant interest charges over time.

Not the highest earning Airpoints card

Despite the Kiwibank Air New Zealand Airpoints Platinum Visa credit card's high annual fee it does not have the best Airpoints earning rate on the market. We encourage you to compare all Airpoints credit cards to make an informed decision.

Is the Kiwibank Air New Zealand Airpoints Platinum Visa Right for me?

Frequent Flyers

If you often find yourself in the air, the Kiwibank Air New Zealand Airpoints Platinum Visa could be a great fit. The card offers a high rate of Airpoints Dollar earning, which can be redeemed for flights, upgrades, and other travel-related expenses. Additionally, the complimentary travel insurance can provide peace of mind during your journeys.

Occasional Travellers

For those who travel less frequently, the card still offers value. You can accumulate Airpoints Dollars on everyday purchases, which can be saved up for future trips. However, you should weigh the annual fees against the benefits you will actually use.

Everyday Spenders

Even if you are not a frequent traveller, this card can still be beneficial. The ability to earn Airpoints Dollars on regular spending means you can slowly build up points for a special trip or other rewards. Just be mindful of the interest rates and ensure you pay off your balance each month to avoid extra costs.

Tips for Maximising Your Kiwibank Air New Zealand Airpoints Platinum Visa Card

Strategic Spending

To get the most out of your Kiwibank Air New Zealand Airpoints Platinum Visa, focus on using it for everyday purchases. This way, you can accumulate Airpoints Dollars faster. Consider setting up automatic payments for your bills and subscriptions to ensure you never miss an opportunity to earn points.

Taking Advantage of Promotions

Keep an eye out for special promotions and offers that can boost your Airpoints Dollar earnings. These promotions are often time-sensitive, so act quickly when you see them. Sign up for email alerts or check the Kiwibank website regularly to stay informed.

Managing Your Account Effectively

Proper account management is crucial. Always pay your balance in full each month to avoid interest charges. Set up alerts to remind you of due dates and monitor your spending through the Kiwibank app. This will help you stay on top of your finances and make the most of your card's benefits.

Frequently Asked Questions

Does my credit score affect my application for the Kiwibank Air New Zealand Airpoints Platinum Visa?

Yes, your credit score is an important factor. A good credit score improves your chances of approval.

Do I need to be a New Zealand resident to apply for the Kiwibank Air New Zealand Airpoints Platinum Visa?

Yes, you must be a New Zealand resident to be eligible for this card.

Can I use the Kiwibank Air New Zealand Airpoints Platinum Visa overseas?

Yes, you can use your Kiwibank Air New Zealand Airpoints Platinum Visa card overseas but a foreign transaction fee will apply.

How can I maximise my Airpoints Dollar earnings with the Kiwibank Air New Zealand Airpoints Platinum Visa?

You can maximise your Airpoints Dollar earnings by using the card for everyday purchases and taking advantage of special promotions.

Eligibility Requirements:

Your eligibility for this card would depend on a few criteria listed below. When you apply for a Kiwibank credit card, Kiwibank would ask you a few questions about the following criterias to determine your eligibility.

Income
Expenses
Debts
Assets
Savings
Investments

Documents:

In general the following documents are usually required for credit card applications.

Proof of Income

One of the following:

your most recent payslip or salary notice
copies of bank statements that show your pay or salary deposits
a letter from your employer confirming your income
an Inland Revenue Department (IRD) “summary of earnings” notice.

If you’re self-employed, you must supply:

signed financial statements for the past two years
a signed personal Statement of Financial Position
your personal tax return.

Proof of Identity:

A copy of one or two items from List 1. If you provide only one item from List 1, you must also provide one item from List 2.

List 1:

Current passport
New Zealand drivers licence
18+ card
Photo Credit Card

List 2:

Most recent bank statement
Debit card
Credit card
Community services card
Club or society card.

Are you interested in a low rate credit card? Compare ALL low interest credit cards on our low rate credit cards page.

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We've been asked this question a lot so we have compiled our pick of the best credit card in NZ but keep in mind that the best credit card for you depends on your personal circumstance and needs. To find the best credit card for you, we recommend that you compare all credit cards in NZ on our website or narrow down your search by popular credit card types as shown below. Use the top menu of the page to select more credit card types.