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
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
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
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^.
The journey to being credit card debt free
If you find yourself struggling to make minimum repayments each month, it’s time to face up to debt. Here are seven ways to become credit card debt free.
Credit cards help and support
If your card is lost or stolen call 0800 735 901 (24 hours)
Or call us collect from a land line from here or overseas +64 4 473 5901