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LOW ANNUAL FEE CARDS

You don’t need to pay a fortune each year to receive a number of great credit card benefits. Although regarded as one of the most basic types of cards currently available, Low Annual Fee cards are still very popular for those who just want the added convenience of available funds in their pocket when they need it.

We show you all the Lowest Annual Fee cards that could save you money each year. If you rarely use your credit card and just want the added security but still wish to earn rewards, then use our Free Credit Score tool to see what credit cards you are most likely to be accepted for.

If you know your credit rating, select it by hovering your mouse over the panel to the right and clicking on the appropriate rating. If you don’t know your credit rating, click the button to calculate it for free. This will match up your rating with lender appetite to give you the best chance of success with your application.

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Warehouse Money Visa Card - 19.95% p.a. (VARIABLE)

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  • Bank online, no branch banking
  • No annual fees
  • 19.95% APR
  • 5% off your shopping at The Warehouse

Although the Warehouse Money Visa Card does not have the lowest interest rates, it does come with no annual fees and an added bonus of 5% off your shopping at The Warehouse, which is great for helping with your everyday essentials. Your account can be easily managed through internet and telephone banking.

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ASB Visa - 20.95% p.a. (VARIABLE)

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  • Bank in branch or using the internet
  • $12 charged every 6 months
  • 0% p.a. for 6 months on balance transfers
  • Visa Entertainment rewards

A cost effective card for everyday use. Although regarded as one of the more basic credit cards available, the ASB Visa does give you access to concert pre-sales, exclusive offers and competitions as part of the Visa Entertainment programme. Credit Card Repayment Insurance can be included at an extra cost, but as standard you will benefit from up to 55 days interest free on any purchases made and will be accepted at over 32 million locations worldwide.

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Kiwibank Airpoints Low Fee MasterCard - 16.9% p.a. (VARIABLE)

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  • Bank in branch or using the internet
  • $12.50 charged every 6 months
  • Earn Airpoints Dollars
  • Airpoints Dollars will never expire

At only $25 per annum ($12.50 charged half yearly), the New Zealand Airpoints Low Fee MasterCard has the lowest annual account fee of any of the Airpoints credit cards available. For every $160 spent on eligible purchases you will earn 1 Airpoints Dollar and a further point for every $140 spent on Air New Zealand products. Points can be used for hotel stays, rental car bookings or shopping in the Airpoints store. The reward scheme is free and the points earned never expire as long as you hold a current card.

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ANZ low rate MasterCard - 13.9% p.a. (VARIABLE)

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  • Bank in branch or using the internet
  • $17.5 charged every 6 months
  • 1.99% balance transfer offer for 12 months
  • No rewards offered

For the $35 annual fee (charged $17.50 half yearly) you will be able to take advantage of an introductory 1.99% balance transfer rate, paying no interest on transferred balances from all non-ANZ cards for the first 12 months. After this period the interest rate reverts back to a still reasonable 13.90% p.a. Although the card offers no rewards or incentives, it could help you to reduce the amount of interest you may be paying each month. The ANZ Low Rate MasterCard has previously been awarded the prestigious five-star rating for Outstanding Value 'Credit Cards' in the 2013 CANSTAR star ratings report.

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BNZ Classic - 20.95% p.a. (VARIABLE)

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  • Bank in branch or using the internet
  • $20 charged every 6 months
  • 0% for 12 months on balance transfers
  • Collect Fly Buys Points

An everyday credit card that rewards you for spending. For a very reasonable account fee of $40 ($20 charged half yearly) the card certainly doesn't disappoint. You will collect points for using your card, earning one Fly Buys point for every $40 spent. It's free to join the Fly Buys reward scheme and you can redeem your points online with over 1,500 products to choose from. Existing transaction account holders can also benefit from paying no interest on balance transfers for the first year. If you don't have an account with BNZ, then you will still be able to transfer a credit card balance, but at an interest rate of 4.99% for 12 months.

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Westpac Hotpoints MasterCard - 20.95% p.a. (VARIABLE)

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  • Bank in branch or using the internet
  • $44 annual fee
  • Earn hotpoints rewards
  • Balance transfer available

With an annual fee of only $44 this is Westpac's lowest annual fee card. You will earn hotpoints on every dollar you spend which can be redeemed in a number of ways. Points can be used for retail vouchers, merchandise or you can even choose to donate to charity. One of the biggest draws to the card is its Holiday Credits option. You will be able to purchase any flight with any airline using your hotpoints credit card, which you can then use your accumulated hotpoints to help pay it back later.

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BNZ Low Rate MasterCard - 13.45% p.a. (VARIABLE)

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  • Bank in branch or using the internet
  • $5 monthly account fee
  • 0% for 12 months on balance transfers
  • No cashback or rewards offered

The Low Rate MasterCard boasts a competitive interest rate of only 13.45% p.a. Existing customer's who have their main income paid into a BNZ transaction account will also receive a balance transfer rate of 0% for the first 12 months upon account opening. If you're not an existing BNZ transaction account holder, BNZ will still offer a balance transfer option but at an increased rate of 4.99%. Unlike most credit cards in New Zealand, the Low Rate MasterCard's account fee is charged on a monthly basis at $5. Successful applicants will receive a minimum credit limit of $500.

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ANZ cashback card - 20.95% p.a. (VARIABLE)

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  • Bank in branch or using the internet
  • $60 annual fee
  • No balance transfer offer
  • 0.5-1% cashback on eligible purchases

For the $60 annual fee, cardholders will benefit from 55 days interest free credit on all purchases and will pay 0% on balance transfers for the first 12 months. You will earn 1 CashBack point for every dollar spent on eligible purchases on the first $30,000 per CashBack year. The CashBack reward is calculated with two earning tiers in place - 0.5% for Annual Spend $5,000-$9,999; 1% for Annual Spend $10,000-$30,000. To benefit from the cashback rewards on offer, you will need to spend at least $5,000 per year to qualify. All ANZ customers will benefit from its flexible payment options - pay via online or phone banking 24/7, set up an automatic or direct debit payment, pay at any ANZ ATM or visit them in branch.

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