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Kiwibank Zero Visa Review 2026: Fees, Rates and Features

Updated

The Kiwibank Zero Visa is a no-annual-fee Kiwibank credit card. Here’s what it costs and how it compares.

Quick answer

The Kiwibank Zero Visa has no annual fee. Interest is 12.90% p.a. if you carry a balance, and a 1.85% fee applies to transactions processed overseas. Pay in full every month and the only costs are any overseas transaction fees.

Kiwibank Zero Visa — Key Facts

Here are the key facts on the Kiwibank Zero Visa interest rates & fees.

Feature Detail
Account Fee (every six months) No fee
Join/additional cardholder account fee (every six months) No fee
Interest rate on purchases and cash advances 12.90% p.a. (as at October 2026)
Interest free days Up to 55
Balance transferred from a non-Kiwibank credit card 1.99% p.a. for 6 months
Minimum credit limit $500
Late payment fee $5 per late payment
International transaction fee 1.85% of the total amount, on transactions processed overseas

What Makes It Different

When you use your credit card for a transaction that is processed overseas there is a 1.85% fee of the total amount. It is important to realize that transactions may still be proceed overseas even if the website address ends in ‘.co.nz’ and charges you in the New Zealand Dollars (NZD)

What this can cost you:

Overseas spend 1.85%
$1,000 holiday $18.50
$3,000 holiday $55.50
$5,000 holiday $92.50
$10,000 business trip $185.00

It is important to know where your transaction is being processed to ensure that you avoid costly overseas fees.

Interest Rate

Interest is 12.90% p.a. on purchases and cash advances, charged on any balance not paid in full by the due date. The table below compares it with other cards, such as the BNZ Low Rate Mastercard (13.45%) and Westpac Low Rate Mastercard (13.9%).

Zero Visa for Online Shopping

The 1.85% overseas transaction fee isn’t limited to physical travel. It can also apply to:

  • Shopping on Amazon, ASOS, eBay, or other international sites
  • Subscriptions in USD (Netflix US, Adobe, software services)
  • Digital purchases from overseas platforms

Purchases from international websites can be processed overseas, so the overseas transaction fee can apply to online shopping as well as travel.

Kiwibank Zero Visa vs Competitors

Card Annual fee Foreign fee Interest rate
Kiwibank Zero Visa $0 1.85% 12.90%
BNZ Low Rate Mastercard $0 ~2% 13.45%
ANZ Airpoints Visa $65 ~2.5% 20.95%
Westpac Low Rate Mastercard $0 ~2.25% 13.9%
Revolut (card) $0 0% (limits) N/A (debit)

Kiwibank’s other card, the Platinum Visa, has an account fee of $25 every six months and the same 12.90% purchase rate (as at October 2026).

The Kiwibank Factor

Kiwibank is NZ-owned (owned by NZ Post, ACC, and NZ Super Fund). It offers a full banking suite alongside the Zero Visa, and the card is managed in the same app as transaction and savings accounts.

Application Requirements

Standard NZ credit card application requirements apply:

  • Must be a NZ resident or citizen
  • Minimum income (check current Kiwibank requirements)
  • Credit check will be performed
  • Can apply online via kiwibank.co.nz

Summary

The Kiwibank Zero Visa has no annual fee and up to 55 interest-free days. If you pay in full every month, it costs nothing apart from any overseas transaction fees. Check Kiwibank’s current fee and rate schedule before applying, as the figures for this card have changed.

Where to check the latest data

Rates, fees and returns change often. Before deciding, check current figures yourself:

Next Steps