Kiwibank Business Low Rate Visa Credit Card

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The Kiwibank Business Low Rate Visa Credit Card is a business credit card with a relatively low purchase rate of 12.50% and a relatively low annual fee of $25 per card charged as $6.25 per quarter.

The Kiwibank Business Low Rate Visa Credit Card might be suitable for business that want a standard credit card with a low annual fee and low purchase rate without a rewards program or the extra beneftis usually associated with premium credit cards.

Key Features

Purchase Rate: 12.50%
Cash Advance Rate: N/A
Balance Transfer: N/A
Annual Fee: Charged as $6.25 per quarter
Interest Free Days: 49 days
Minimum Repayment: N/A
Card Reward Details: N/A
Credit Limit: N/A
Other Fees: Other Fees apply

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

Kiwibank Business Low Rate Visa Credit Card Review

Pros and Cons

We've compiled below the pros and cons of the Kiwibank Business Low Rate Visa Credit Card to help you decide.

Pros

Low annual fee
Low Purchase rate

Cons

Limited Benefits
No Rewards Program

What we like about the Kiwibank Business Low Rate Visa Credit Card

Low Purchase Rate

One of the main benefits of the Kiwibank Business Low Rate Visa Credit Card is that it charges a low purchase rate of 12.50% which might be useful if your business plans to carry a balance on the credit card sometimes. Keep in mind that late payment fees would apply if you do not pay the minimum repayment on time.

Low Annual Fee

Despite the low purchase rate the Kiwibank Business Low Rate Visa Credit Card also manages to offer a low annual fee however because this fee is charged per card if you plan to get multiple cards this fee can quickly add up. Other business credit cards charge a much lower fee for additional credit cards.

Drawbacks of the Kiwibank Business Low Rate Visa Credit Card

Now Rewards Program

One of the main drawbacks of the Kiwibank Business Low Rate Visa Credit Card is that it does not offer an rewards program that rewards you for makeing purchases using your card.

Limited Benefits

The Kiwibank Business Low Rate Visa Credit Card does not offer any extra benefits such as complimentary travel insurance.

In general, we recommend comparing as many business credit cards as you can to help you chose the right card for your business.

Frequently Asked Questions

How to Apply for a Kiwibank Business Low Rate Visa Credit Card

If you are a director of a New Zealand registered company with Xero or MYOB AccountRight Live financial data you can apply online through Fast Capital. Others, you can request a call back to discuss setting up your account or you can call Kiwibank directly.

Does the Kiwibank Zero Visa Credit Card have an annual fee?

Yes, the Kiwibank Business Low Rate Visa Credit Card charges an annual fee of $25.

What is the interest rate for the Kiwibank Business Low Rate Visa Credit Card?

The interest rate for the Kiwibank Business Low Rate Visa Credit Card is 12.50% p.a., which is relatively low compared to other cards.

Can I use the Kiwibank Zero Visa Credit Card overseas?

Yes, you can use it overseas, but be aware that foreign transaction fees may apply.

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What is the best credit card in New Zealand?

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.