Purple Visa Credit Card (Purple Visa NZ)

The Purple Visa Card offers 1 purple dollar point for every $150 spent wherever Visa is accepted plus you get 12 months interest free for purchases over $250 at participating retailers including the likes of The Warehouse, Warehouse Stationary, Noel Leeming and about 11 other retailers. The Purple Visa card charges an annual fee of $50 plus an establishment fee of $55 for long term finance. It also charges a high interest rate of 26.65% p.a. on purchases and an even higher rate of 29.40% p.a. on cash advances.

It is important to note that the 12 months interest free period only applies to purchases over $250, for purchases below $250 interest is charged immediately at the high rate of 26.65%. An alternative to this credit card is the Amex Airpoints credit card which doesn't charge interest on all purchases for 6 months, charges no annual fee and allows you to earn Airpoint rewards on purchases. We also recommend comparing all credit cards in NZ on our website to help you make an informed decision and choose the best credit card.

Get 0% p.a. on purchases for the first 6 months with the Amex Airpoints Credit Card, plus NO ANNUAL FEE and you earn 1 Air NZ Airpoints Dollar^TM for every $100 you spend with the Card. CURRENT OFFER: 50 bonus Airpoints Dollars™ when you apply, are approved and spend $750 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 $0.66

^ 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 Purple Dollar equals $1 NZD when redeemed at participating stores and $150 spend earns you 1 Purple Dollar then $100 spend earns you (100/150) = 0.66 Purple Dollar or $0.66 cash-equivalent when redeemed at participating stores.

Key Features

• Purchase Rate: 26.65% p.a. Plus 12 months interest free for purchases over $250 from select stores
• Cash Advance Rate: 29.40%
• Balance Transfer: Not offered
• Annual Fee: $55.00 plus $55 establishment fee
• Interest Free Days: 55 days
• Minimum Repayment:
• Card Reward Details: Earn 1 purple dollar for every $150 spent wherever Visa is accepted
• Credit Limit: Assessed at time of application
• Other Fees:

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

Purple Visa Credit Card (Purple Visa NZ) Review

What we like about the Purple Visa Credit Card

Rewards Program

The Purple Visa allows you to earn points on every purchase which makes it easy to accumulate points. These points can be redeemed for a variety of rewards, including travel, merchandise, and gift cards. The more you use your card, the more points you accumulate, making it a great option for those who like to get something back from their spending.

12 Months Interest Free

One of the standout features of the Purple Visa is its 12 months interest free on purchases $250 and over at participating retailers (note it has to be at the participating retailers only).

Easy to understand reward system

The Purple Visa also offers a very easy to understand rewards system because 1 Purple dollar point is equivalent to $1 NZD.

Long term finance options available

The Purple Visa allows you access to long term finance offers at participating retailers of up to 60 months interest free.

Drawbacks of the Purple Visa

Annual Fee

One of the main drawbacks of the Purple Visa is its annual fee. While some credit cards offer no annual fees, the Purple Visa requires you to pay a yearly fee. This can be a significant cost, especially if you do not use the card frequently enough to justify the expense.

High Interest Rate

Another downside is the high interest rates. The Purple Visa has relatively high interest rates compared to other credit cards. If you carry a balance from month to month, the interest charges can add up quickly, making it an expensive option for those who do not pay off their balance in full each month.

Not widely Accepted

The Purple Visa is not as widely accepted as some other credit cards. This can be inconvenient if you travel frequently or shop at places that do not accept this card. It is always a good idea to have a backup payment method to avoid any issues when making purchases.

Minimum spend of $250

The Purple Visa credit card requires you to spend at least $250 to qualify for the interest free period. This means if you use your card for small purchases the interest free period would not apply.

Establlisment Fee

If you opt for the long term finance you would need to pay an establishment fee each time you arrange a long term finance.

How the Purple Visa Credit Card works

Earning Purple Dollars

With the Purple Visa Card, you can earn Purple Dollars on eligible Visa transactions. These Purple Dollars can be redeemed at participating retailers, providing you with a flexible and rewarding shopping experience. For every dollar spent, you accumulate points that can be converted into Purple Dollars, making your everyday purchases more valuable.

Interest-Free Financing

The Purple Visa offers 12 months interest-free on Visa purchases of $250 and over at participating retailers. This allows you to manage your finances more effectively by spreading the cost of larger purchases over a year without incurring interest. Additionally, you have the flexibility to apply for long-term interest-free finance at participating retailers, subject to the Purple Visa Card Terms and Conditions. Keep in mind that when the interest free period ends your interest rate goes up to a relatively high rate of 26.65% so you should aim to pay off the balance before the interest free period ends plus you will also need to make minimum repayments during the interest free period.

How to Apply for a Purple Visa Credit Card

Eligibility Criteria for the Purple Visa Card

To apply for a Purple Visa Credit Card, you must meet the following criteria:

• Be 18 years or older
• Be a New Zealand citizen or permanent resident living in New Zealand
• Earn or receive a regular income

Application Process for the Purple Visa Credit Card

Applying for a Purple Visa Credit Card is straightforward. You can either apply online or over the phone.

Required Documentation

When applying for a Purple Visa Credit Card, ensure you have the following documentation ready:

1. Proof of identity (e.g., passport or driver’s licence or national identify)
2. Proof of address (e.g., utility bill or bank statement)
3. Proof of income (e.g., payslips or bank statements)

Understanding Purple Dollars

Earning Purple Dollars

By using your Purple Visa Card for everyday purchases on Eligible Transactions anywhere that Visa is accepted, either in-store or online, you can earn Purple Dollars. For every $150 spent on Eligible Transactions, you will earn 1 Purple Dollar. The more you use your Purple Visa Card, the more Purple Dollars you will accumulate to spend at Participating Retailers.

Redeeming Purple Dollars

Redeeming Purple Dollars is a straightforward process. You can redeem them after completing your purchase by following the standard Purple Dollar redemption process. Here are the steps to check your Purple Dollar balance and redeem them:

• Log into eMoney
• Call 0800 801 808
• Check your monthly statement

If you have recently earned or redeemed Purple Dollars, please allow a couple of days for the balance to be updated on eMoney.

Participating Retailers

Purple Dollars can be spent at a variety of Participating Retailers.

Interest Rates and Fees

Purchase Interest Rate

The purchase interest rate for the Purple Visa Credit Card is 26.65% p.a.. This rate applies to all standard transactions made using the card. It is crucial to manage your payments effectively to avoid accruing high-interest charges.

Cash Advance Interest Rate

For cash advances, the interest rate is 29.40% p.a.. This higher rate reflects the increased risk associated with cash advances. It is advisable to use this feature sparingly and only in emergencies.

Annual and Establishment Fees

The Purple Visa Credit Card comes with a $55 establishment fee and a $55 annual fee. Ensure you factor these costs into your budget when considering this credit card.

Security Features of the Purple Visa Credit Card

Card Activation

Activating your Purple Visa Credit Card is a straightforward process designed to enhance security. Upon receiving your card, you must activate it through the secure online portal or by calling customer service. This step ensures that only you can use the card, adding an extra layer of protection.

Secure Online Shopping

When shopping online, your Purple Visa Credit Card offers robust security features. These include encryption technologies and secure payment gateways to protect your personal and financial information. Always look for the secure transaction symbol on websites to ensure your data is safe.

Managing Your Purple Visa Credit Card

Online Account Management

Managing your Purple Visa Credit Card online is both convenient and secure. By logging into the eMoney app, you can access your account details, view transaction history, and monitor your rewards. The app also allows you to set up alerts for due dates and track your spending.

Payment Options

You have multiple payment options to keep your account in good standing:

• Direct Debit: Set up automatic payments from your bank account to ensure you never miss a due date.
• Online Payments: Make one-time payments through the eMoney app or website.
• In-Store Payments: Visit participating retailers to make payments in person.

Terms and Conditions

Interest-Free Terms

The Promotion is valid from 12.01am 1st July 2021 until 11.59pm 31st March 2025 (the “Promotional Period”). A 12 Month Interest Free Term will be automatically applied to any Qualifying Purchase totalling $250 or more on a single Visa transaction using your Purple Visa Card, either in-store or online at participating retailers.

Frequently Asked Questions

How do I apply for a Purple Visa Card?

Applying for a credit card is easy. Apply online or call 0800 801 808 and one of our customer experience team members will be happy to talk you through the application process.

Who can apply for a Purple Visa Card?

To apply for a credit card, you must be 18 years or older, a New Zealand citizen or permanent resident living in New Zealand, and earning or receiving a regular income.

How do I earn Purple Dollars?

By using your Purple Visa Card for everyday purchases on Eligible Transactions anywhere that Visa is accepted, either in-store or online. For every $150 spent on Eligible Transactions, you’ll earn 1 Purple Dollar.

What are the fees associated with the Purple Visa Card?

The Purple Visa Card has a one-off $55 establishment fee (if applicable) and a $55 annual fee.

How does the 12 Months Interest Free promotion work?

Use your Purple Visa Card at any Participating Retailer for purchases $250 and over, and you will automatically receive 12 Months Interest Free. No forms to complete; the offer is applied automatically.

Are you interested in an interest free credit card? Compare ALL interest free credit cards on our Interest free credit cards page.

Get 0% p.a. on purchases for the first 6 months with the Amex Airpoints Credit Card, plus NO ANNUAL FEE and you earn 1 Air NZ Airpoints Dollar^TM for every $100 you spend with the Card. CURRENT OFFER: 50 bonus Airpoints Dollars™ when you apply, are approved and spend $750 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.

• Airpoints credit card
• Credit cards rewards
• Frequent flyer credit cards
• Travel credit cards
• Interest free credit card
• Credit card with travel insurance
• Credit cards with lounge access
• Lowest interest rate credit card
• Best credit card rewards