A zero percent rate is smart.
A zero balance is smarter.

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

After 12 months the standard purchase interest rate will apply to transferred balances.

Save money when you make a balance transfer

A balance transfer is when you move a credit card balance to another card, which charges a lower interest rate. You can transfer your balance to any of our credit cards, except the HomeAdvantage and Business First Visa credit cards.  Work out what you could save.

What balances you can transfer

Balances can be transferred from any non-BNZ, New Zealand issued credit or store cards. You can transfer as many balances as you like, as long as your BNZ credit card stays within 95% of its credit limit. Find out more


Interest on your transfer

At 0% p.a., your transferred balance will accrue no interest for 12 months. If any of your transferred balance hasn’t been paid off after 12 months, you’ll be charged the standard purchase interest rate on this amount. See our credit cards rates and fees.

Interest on any new transactions

You’ll pay the standard purchase interest rate on any new purchases or cash advances you make with your card (purchases made with the card do not qualify for the 0% p.a. rate). For standard purchase rates see our credit cards rates and fees.

Paying off your credit card

Payments to the outstanding balance on your credit card will be applied first to the balances that incur a higher interest rate, such as cash advances and purchases, before balances with a lower interest rate, such as a balance transfer. Find out more

How to apply

Step 1. Get a BNZ credit card

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

Step 2. Transfer your balance

Complete the online application and we’ll transfer your balance. This could happen overnight or within 10 business days, subject to approval.

What can I save with a balance transfer?

Calculate how much you can save by transferring the balance of your non-BNZ credit card to a BNZ card. ^

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

Need more help?

Get answers to frequently asked questions, and find out more about how balance transfers work and rules that may apply.

If you still need more information, we can give you a call.

Compare credit card rates, fees, & benefits

See every rate and fee for each of our cards, so you can choose the card that’s right for you.

cards compare v5

You might also be interested in

Choosing a credit card

Different types of credit cards suit different people. Get one to match your needs and spending habits. 


An overdraft can be handy if you need a bit of extra cash to cover you for those leaner months. Compare rates and fees for overdrafts on our everyday accounts. 

Personal Loans

If you need to borrow a bit more for a one-off purchase or you want to consolidate your debt, a personal loan might be a good option.

Small Print

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

  1. Eligibility for the balance transfer rate is limited to balances from non-BNZ New Zealand issued Visa, MasterCard, American Express, GE CreditLine, The Warehouse Financial Services Credit and Store Cards, Fisher & Paykel Finance issued Q Cards and Farmers Cards. Generally payments are applied to higher interest rate transactions first.

    Terms and conditions, and fees apply. 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. This means you cannot transfer a balance up to your full BNZ credit card limit. Offers exclude HomeAdvantage credit cards, BNZ Business First Visa and personal loans.

    Any outstanding balance that remains on your BNZ credit card 12 months from the date that the relevant balance transfer interest rate commenced on your card, will revert to the prevailing purchase interest rate for that credit card account. For BNZ Low Rate MasterCard, this is currently 13.45% p.a. To retain the offer, your credit card account must be in compliance 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 prevailing purchase interest rate on the credit card if you are no longer in compliance with your card’s terms.

    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. 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.

  2. 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 credit card 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