Farmers Mastercard Credit Card

The Farmers Mastercard® allows you to earn Farmers Club Points everywhere Mastercard is accepted. For every $10 you spend, you’ll earn one Farmers Club Point. Plus swipe your Farmers Mastercard together with your Farmers Club Card at Farmers to earn points on both cards. The Farmers Mastercard credit card charges a $50 annual fee and a $55 establishment fee on your first purchase using Long Term Finance then the establishment fee reduces to $35 for subsequent Long Term Finance Purchases.

Note: The interest rate on this card is higher than most credit cards at 28.50% p.a. on purchases so if you expect to carry a debt on this card then it might not be suitable for you. If you are interested in a Rewards credit card you can compare credit card rewards on our website to help you find the best rewards credit card for you.

The Amex Airpoints Platinum Card is the FASTEST Air NZ Airpoints Dollar^TM earning Platinum credit card. Every $70 spend earns you 1 Airpoints Dollar. This card also includes complimentary Travel Insurance, VIP Lounge access and more. CURRENT OFFER: Receive 300 bonus Airpoints Dollars™ when you apply online, are approved and spend $1,500 on your new Card within the first 3 months. New Card Members only.

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*Terms and conditions apply

Rewards Points Cash Equivalent

$100 spend earns you $0.80 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 $10 spend earns you 1 Farmers Club Points then $100 spend earns you 10 points. We know that 250 Farmers Club Points gets you a $20 Farmers voucher. This means 1 Farmers Club Points earns you (20/250) $0.08 and $100 spend earns you (0.08 X 10) = $0.80 NZD cash equivalent.

Key Features

• Purchase Rate: 28.50%
• Cash Advance Rate: Not Applicable
• Balance Transfer: N/A
• Annual Fee: $50 annual fee and a $55 establishment fee on your first purchase using Long Term Finance. The establishment fee reduces to $35 for subsequent Long Term Finance Purchases.
• Interest Free Days: Up to 55 days
• Minimum Repayment: If your Adjusted Closing Balance is $10 or more, then $10 or an amount calculated as 3% of the Adjusted Closing Balance (whichever is greater). An additional minimum repayment amount may apply for purchases made on Long Term Finance.
• Card Reward Details: Earn 1 Farmers Club Point for every $10 you spend using your Farmers Mastercard credit card, everywhere Mastercard is accepted
• Credit Limit: Subject to lending criteria and is assessed on an individual basis and based on application information
• Other Fees:

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

Farmers Mastercard Credit Card Review

What we like about the Farmers Mastercard

Rewards Points

The Farmers Mastercard offers a rewarding points system that allows you to earn points on every purchase. These points can be redeemed for a variety of rewards, including discounts on future purchases, gift cards, and exclusive offers. The more you use your card, the more points you accumulate, making it a great option for those who frequently shop at Farmers or other participating retailers.

Double earn Farmers points

The Farmers Mastercard® allows you to earn double Farmers Club Points when shopping at farmers if you also scan your Famerms club card.

Additional Perks and Discounts

Beyond the rewards programme and interest-free periods, the Farmers Mastercard also offers a range of additional perks. Cardholders can enjoy exclusive discounts at Farmers stores, early access to sales events, and special offers from partner retailers. These benefits add value to the card, making it a versatile tool for savvy shoppers.

Drawbacks of the Farmers Mastercard

Interest Rates and Fees

One of the main drawbacks of the Farmers Mastercard is its interest rates and fees. While the card offers various benefits, the interest rates can be quite high if you do not pay off your balance in full each month. Additionally, there are various fees associated with the card, such as late payment fees, cash advance fees, and foreign transaction fees. These can add up quickly and negate the benefits of the rewards programme.

Annual Fees

The Farmers Mastercard Credit Card charges an annual fee as well as a $55 establishment fee for your first long term finance purchase.

Is the Farmers Mastercard Credit Card right for me?

Ideal User Profiles

The Farmers Mastercard is best suited for individuals who frequently shop at Farmers stores and who can maximise their rewards. If you enjoy earning points on everyday purchases and redeeming them for discounts or special offers, this card could be a good fit. Additionally, those who can pay off their balance in full each month will benefit the most from the interest-free periods.

Comparison with Other Credit Cards

When compared to other credit cards available in New Zealand, the Farmers Mastercard stands out for its rewards programme tailored to Farmers shoppers. However, it may not offer as many travel or cash-back benefits as some other cards. It's important to consider what type of rewards and perks are most valuable to you before making a decision.

Important: if you expect to carry a balance on your credit card this card might not be suitable for you due to its high interest rate (higher than most credit cards).

How to Apply for the Farmers Credit Card

Application Process Overview

Applying for the Farmers Mastercard is a straightforward process. You can start by clicking "Apply Now" on this page to visiting the official Farmers Mastercard website. There, you will find an online application form that you need to fill out. Make sure to provide accurate information to avoid any delays in the approval process.

Required Documentation

To complete your application, you will need to have certain documents on hand. These typically include:

• Proof of identity (such as a passport or driver's licence)
• Proof of address (like a utility bill or bank statement)
• Proof of income (such as payslips or a letter from your employer)

Having these documents ready will help speed up the application process.

Approval Timeframe and Next Steps

Once you have submitted your application, the approval process usually takes a few business days. If your application is approved, you will receive your Farmers Mastercard in the mail. Be sure to activate your card as soon as you receive it to start enjoying its benefits.

Frequently Asked Questions

What is the minimum age to apply for the Farmers Mastercard?

You need to be at least 18 years old to apply for the Farmers Mastercard.

Do I need to be a New Zealand resident to get the Farmers Mastercard?

Yes, you must be a New Zealand resident to be eligible for the Farmers Mastercard.

What kind of income do I need to qualify for the Farmers Mastercard?

You should have a steady income, but the exact amount needed can vary. It's best to check with the card issuer for specific details.

How does the rewards program work with the Farmers Mastercard?

You earn points for every dollar you spend using the Farmers Mastercard. These points can be redeemed for various rewards and discounts.

Are there any interest-free periods with the Farmers Mastercard?

Yes, the Farmers Mastercard offers interest-free periods on certain purchases and promotions. Check the terms and conditions for more details.

What fees are associated with the Farmers Mastercard?

The Farmers Mastercard may have fees such as annual fees, late payment fees, and interest charges. It's important to review the fee schedule before applying.

Eligibility Requirements:

The following eligibilty criteria generally applies with credit card applications:

• 18 years or older
• Live in New Zealand and are a New Zealand citizen or permanent resident
• Have a valid email address and mobile number
• Hold a current NZ Driver Licence or have a valid NZ or Australian Passport
• Agree to a credit check
• Agree to the card terms and conditions and privacy policy

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

The Amex Airpoints Platinum Card is the FASTEST Air NZ Airpoints Dollar^TM earning Platinum credit card. Every $70 spend earns you 1 Airpoints Dollar. This card also includes complimentary Travel Insurance, VIP Lounge access and more. CURRENT OFFER: Receive 300 bonus Airpoints Dollars™ when you apply online, are approved and spend $1,500 on your new Card within the first 3 months. New Card Members only.

More Info »

*Terms and conditions apply

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.

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