Save money with a balance transfer

Get 0% p.a. for up to 12 months when you transfer a balance from another credit or store card to a BNZ credit card^.

How our balance transfer works

At 0% p.a. you’ll pay no interest for 12 months on the balance you transfer to our Low Rate Mastercard, or no interest for 6 months if you transfer your balance to a BNZ Advantage card.  If you haven’t paid it off after the interest-free period, you’ll be charged the standard purchase interest rate on the remaining amount^.

Transfer balances from
multiple cards

Transfer as many balances as you like from any non-BNZ, New Zealand issued credit or store cards. Your BNZ credit card just needs to stay within 95% of its credit limit.

Pay off high-interest
balances first

Your payments will be applied first to the balances on your statement that incur a higher interest rate e.g. cash advances and purchases, before balances with a lower interest rate such as a balance transfer. Find out more

Interest on any new transactions

Our 0% p.a. rate only applies to the balance you transfer, so any new purchases or cash advances will be charged at the standard purchase or cash advance interest rate with no interest free days^Our rates and fees.

How to apply

Step 1. Get a BNZ credit card

The first thing you need is a BNZ credit card. They’re all eligible for a balance transfer except for our HomeAdvantage and Business First Visa credit cards. Apply now if you don’t already have one.

Step 2. Transfer your balance

Complete the online application and we’ll transfer your balance to your BNZ credit card. This could take up to 10 working days, subject to approval.

Calculate how much you could save

Move the sliders to see how much you could save if you transferred a balance to a BNZ Low Rate Mastercard^.

0% p.a.
Amount saved in first 12 months

Small Print

Lending criteria, terms and fees apply. Rates and fees are subject to change.

  1.  Eligibility is limited to balances transferred from non-BNZ New Zealand issued Visa, Mastercard and American Express credit cards. Balances may also be transferred from other financial organisations at BNZ’s discretion, including selected store cards. Balance transfer is subject to BNZ approval. A minimum balance transfer amount of $500 applies. Your BNZ credit card must remain within 95% of its credit limit after the balance has been transferred. If the amount requested to be transferred exceeds 95% of your credit card limit, BNZ may process a lesser amount up to 95% of your credit limit. Offers exclude HomeAdvantage credit cards, BNZ Business First Visa and personal loans. Terms and conditions, and fees apply. 

  2. Any outstanding balance that remains on your BNZ credit card after the interest free period has ended, will be charged at the standard purchase interest rate. To retain the 0% offer for the contracted interest free period, your credit card account must comply with your card’s terms and conditions (in respect to Payments). BNZ reserves the right to increase the interest rate applying to the transferred balance to the standard purchase interest rate on the credit card, if you are no longer in compliance with your card’s terms and conditions.

  3. The prevailing purchase and/or cash advance interest rate will be charged to any new purchases and/or cash advances using your BNZ credit card from the date the transaction is made, with no interest free days, unless you pay the full amount of your current balance (including the balance transferred) in full each month. Balance transfers are not eligible for rewards, including Fly Buys points or cash backs, and there are no interest free days. Interest rate is subject to change.

  4. This calculator provides approximate savings based on a comparison between interest charged on a non-BNZ credit card or store card and the interest charged on a balance transferred to a BNZ Low Rate Mastercard from another bank or finance company's credit or store card at the same monthly repayment. The savings are an estimate only and do not constitute a quote or offer by BNZ. Interest is calculated daily and charged monthly. The way interest is calculated in this calculator may differ slightly from how interest on your card is calculated. The savings do not include the effect of any purchases and/or cash advances that are made on the BNZ credit card. It assumes that you operate your card in accordance with your card terms and conditions, including making the required minimum monthly repayment and making payments on time.

Read our full credit card terms and conditions