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.

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

Switch your balance to a Low Rate MasterCard

Our Low Rate MasterCard is a great option for a balance transfer. You can pay off the money transferred from your old non-BNZ credit or store card at 0% p.a., and you can take advantage of a great low rate of % p.a. on any new purchases.

How to apply

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. Get one now if you don’t already have one.

Apply for a credit card now

Balance transfer

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

Transfer your balance now

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

How balance transfers work

Interest on the amount you 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 and is still on your credit card after 12 months, you’ll be charged the standard purchase interest rate on this amount. Check out our credit cards rates and fees.

Interest on any new purchases

You’ll pay the standard purchase interest rate on any new purchases you make with your card (purchases made with the card do not qualify for the 0% p.a. rate).

For standard purchase rates check out our credit cards rates and fees.

Making repayments

All credit card repayments will go towards paying off your transferred balance first. Any purchases (or cash advances you make) won’t be paid off until you've cleared all the transferred balance.

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.


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

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Small Print

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

    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.
    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 interest rate will be charged to any new purchases using your BNZ credit card. Balance transfers are not eligible for rewards, including Fly Buys points and there are no interest free days or cash backs. 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