BNZ Business First Lite Visa Credit Card

Item: BNZ Business First Lite Visa Credit Card
Rating: 4.5
Author: Credit Cards Compare NZ Research Team

Gold Award

The BNZ Business First Lite Visa Card is a low interest rate business credit card with a purchase rate of 14.95% p.a. and a monthly fee of $5 per card (equivalent of $60 annual fee). The BNZ Business First Lite Visa Credit Card is a very basic business credit card with no major rewards or perks and might be suitable for businesses who tend to or plan to carry a balance on their credit card.

Key Features

Purchase Rate: 14.95%
Cash Advance Rate: N/A
Balance Transfer: N/A
Annual Fee: $5 Monthly Fee
Interest Free Days: 55 days
Minimum Repayment: N/A
Card Reward Details: N/A
Credit Limit: Access up to $50,000 credit limit without having to provide additional security
Other Fees: $5 per month for each additional card

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

BNZ Business First Lite Visa Credit Card Review

Pros and Cons

We've compiled below the pros and cons of the BNZ Business First Lite Visa Credit Card to help you decide.

Pros

Low Interest Rate
Unlimited number of cards per account

Cons

Annual fee
No Rewards Programme
Limited Benefits such as travel insurance etc

What we like about the BNZ Business First Lite Visa Credit Card

Low-Interest Rates

One of the standout features of the BNZ Business First Lite Visa Credit Card is its competitive low-interest rate of 14.95% p.a. on purchases. This makes it an attractive option for companies who may carry a balance from month to month.

Drawbacks of the BNZ Business First Lite Visa Credit Card

Limited Rewards

Unlike some other credit cards, the BNZ Business First Lite Visa Credit Card does not offer a rewards programme. If you are looking for a business credit card that provides points, cashback, or other rewards, this card may not meet your expectations.

Annual Fee

The annual fee charged is higher than other standard business credit cards.

Is the BNZ Business First Lite Visa Credit Card Right for my business?

The BNZ Business First Lite Visa Credit Card is best suited for companies who prefer low-interest rates. If your business often carries a balance on their credit card, this card can help you save on interest costs. Additionally, if you are looking for a straightforward credit card without the complexities of rewards programmes, this might be the right choice for you.

How to Apply for the BNZ Business First Lite Visa Credit Card

Online Application Process

Applying for the BNZ Business First Lite Visa Credit Card online is straightforward. Follow these steps to complete your application:

Click the "Apply Now" button on this page to visit the BNZ website
On the BNZ Business First Lite Visa Credit Card page click on the 'Apply Now' button.
Fill in the required business and financial information.
Review your application to ensure all details are correct.
Submit your application and wait for a confirmation email.

In-Branch Application

If you prefer a more personal touch, you can apply for the BNZ Business First Lite Visa Credit Card at any BNZ branch. Here's what you need to do:

Visit your nearest BNZ branch.
Speak with a customer service representative about your interest in the BNZ Business First Lite Visa Credit Card.
Provide the necessary documentation, such as proof of identity and business income.
Complete the application form with the help of the representative.
Submit your application and wait for further instructions.

Approval Timeframe

The approval timeframe for the BNZ Business First Lite Visa Credit Card can vary. Generally, you can expect to receive a response within a few business days. If additional information is required, BNZ will contact you to request the necessary details. Once approved, your new credit card will be mailed to you, typically arriving within 7-10 business days.

Frequently Asked Questions

What kind of business income do I need to qualify?

Your business income needs to be stable and sufficient to meet the credit card repayments, but there is no specific minimum income requirement.

Eligibility Requirements:

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

Business Income
Business Expenses
Business Debts
Business Assets
Business Savings
Business Investments

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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