Pretty sure Consumer NZ did a comparison a while back

Canstar have a comparison thing. Used it a few years ago when comparing cards. Wasn't always 100% accurate but was a decent initial guide.

I'm pretty sure that my Kiwibank Visa Debit Card (which I've had for 9 years) charges a whopping 5% fee on top of the Official Visa exchange rate for overseas purchases! (It isn't itemised as a fee on the statement, but the total on the statement always appears to be about 5% up on what I was expecting to pay - which is pretty shocking if true).

I tried to get a Kiwibank Zero Mastercard middle of last year, as Mastercard typically have slightly better foreign purchase rates (and the Kiwibank Zero MC was highly rated), but found out when I applied, that Kiwibank had just discontinued the Zero Mastercard a few days ealier (at the end of June 2019). So this change at Kiwibank has been coming for a while if they are still just notifying existing customers of the wholesale change to Visa.

Mike

miked:

I'm pretty sure that my Kiwibank Visa Debit Card (which I've had for 9 years) charges a whopping 5% fee on top of the Official Visa exchange rate for overseas purchases! (It isn't itemised as a fee on the statement, but the total on the statement always appears to be about 5% up on what I was expecting to pay - which is pretty shocking if true).

I tried to get a Kiwibank Zero Mastercard middle of last year, as Mastercard typically have slightly better foreign purchase rates (and the Kiwibank Zero MC was highly rated), but found out when I applied, that Kiwibank had just discontinued the Zero Mastercard a few days ealier (at the end of June 2019). So this change at Kiwibank has been coming for a while if they are still just notifying existing customers of the wholesale change to Visa.

Mike

mrdrifter:

networkn:

Is there a reputable credit card comparison product around in NZ?

 

Not that I've ever found, providers seem much more competitive overseas where population density probably helps with providing better enticements/points/rewards etc... 

PhantomNVD: Just wait till the Apple Card and PayPal Cashcard reach NZ and wreck the local joined monopoly stichup

LOL. Gee I've never heard predictions like that before. 

Related to my earlier statement about looking at options. both ANZ and Amex are offering AirPoints rewards at the moment for an eligble spend within the first three months (300 APD and 400 APD respectively). If you signed up for both and made the eligible spend(s), would you get both rewards? Is it the CC provider or AirNZ that provides the incentive?

That's good to know, I expected it was the issuer but wondered if they were tied in with the AirNZ side a bit closer.

We have been with BNZ Visa since I can remember, Everything goes through our credit card in revolving credit. Every 12 months we get the standard do you want to increase your credit limit blah blah.

Never had any issues with it and because its a branch off our business there are no fees etc. To be honest I did not even know they did MasterCard. 

PhantomNVD: Just wait till the Apple Card and PayPal Cashcard reach NZ and wreck the local joined monopoly stichup

Dont get your hopes up, Apple Card is piggybacked to a bank.