I Ranked Every Credit Card in New Zealand

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In this video I rank every credit card in the New Zealand market. In total, there are 35 cards, each targeting a different type of user. From low interest rates and fees, to balance transfer, airpoint, and reward cards, I cover it all in this video.
ANZ Cards Covered:
✓ ANZ Low Rate Visa
✓ ANZ Airpoints Visa
✓ ANZ Airpoints Visa Platinum
✓ ANZ Cashback Visa
✓ ANZ Cashback Visa Platinum
✓ ANZ Visa Light
BNZ Cards Covered:
✓ Lite Visa
✓ Advantage Visa Classic
✓ Advantage Visa Platinum
ASB Cards Covered:
✓ ASB Visa Light
✓ ASB Visa Rewards
✓ ASB Visa Platinum Rewards
Westpac Cards Covered:
✓ Fee Free Mastercard
✓ Westpac Airpoints Mastercard
✓ Westpac Hotpoints Mastercard
✓ Westpac Airpoints Platinum Mastercard
✓ Westpac Hotpoints Platinum Mastercard
✓ Westpac Airpoints World Mastercard
✓ Westpac Hotpoints World Mastercard
Kiwibank Cards Covered:
✓ Kiwibank Zero Visa
✓ Kiwibank Air New Zealand Airpoints Low Fee Visa
✓ Kiwibank Air New Zealand Platinum Visa
TSB Cards Covered:
✓ TSB Low Rate Mastercard
✓ TSB Platinum Mastercard
SBS Bank Cards Covered:
✓ SBS Visa Credit Card
✓ Purple Credit Card
American Express Cards Covered:
✓ Amex Airpoints Card
✓ Amex Low Rate Credit Card
✓ Amex Airpoints Platinum Card
✓ Amex Gold Rewards Card
✓ Amex Platinum Card
Other Cards Covered:
✓ Fair Rate Credit Card
✓ Farmers Credit Card
✓ Q Mastercard
✓ Flight Centre Mastercard
✓ GEM Visa Credit Card
Every effort has been made to convey this public information accurately. Understandably, errors can be made. The information was put together from 23-27 June 2024, and all offers and rates may differ depending on when the content is viewed. Please let me know if there are any errors in this video and I'll do my best to correct them or make viewers aware of the mistake. I have sourced this information from various sources as below:
✓ Card Websites
✓ Canstar www.canstar.co.nz/compare/rew...
✓ Credit Card Compare www.creditcardscompare.co.nz
✓ Banked www.banked.co.nz
✓ MoneyHub www.moneyhub.co.nz/best-credi...
// SOCIAL
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🌏 Subscribe at: / @brentcoleman
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✅ Free Month Car Insurance coveinsurance.co.nz/referred/...
✅ Get $10 FREE with Hatch Invest (NZ): app.hatchinvest.nz/share/hmwy...
✅ Hnry (NZ) Free $25 Freelance Accountant: app.hnry.io/r/BRENT82488
✅ Get 10% off Stockopedia's stock research tool: why.stockopedia.com/brentcole...
I include these links as they often provide a benefit to my viewers. I might receive a commission from these companies, or other third parties, in the case a purchase is made either using a link or signing up for a service via a code. This helps me create high-quality content and I thank you for your support.
// TIMESTAMPS
► 0:00 Intro
► 1:08 Westpac
► 5:15 ANZ
► 9:44 Amex
► 14:34 ASB
► 17:47 BNZ
► 20:24 Kiwibank
► 22:50 SBS
► 25:02 TSB
► 27:10 Co-Op
► 27:45 Others
► 28:03 Outro
Disclaimer:
I am not a financial adviser. This video is for education and entertainment purposes only. Seek professional help before making any investment decision.
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Опубликовано:

9 июл 2024

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Комментарии : 47

@BrentColeman 9 дней назад

Thanks @wayneliem718 for letting me know. TSB are making some big changes to their cards from 8 July 2024. Interest rates are increasing and reward earn rates are decreasing. Check out the changes here: www.tsb.co.nz/cards/credit-mastercard-interest-and-reward-rates

@IamK-watch 7 дней назад

Do you consider the TSB platinum card still under E tier even with the new changes?

@wayneliem718 10 дней назад

Very helpful. I'm TSB platinum card holder and recently received their email stating "From 8 July 2024, we’ll be changing the cashback reward rate on our Platinum Mastercard from $1 for every $70 to $1 for every $100 spent." You might reconsider their rating.

@BrentColeman 9 дней назад

Oh wow - They need to put that on their website!! Thanks for letting me know, that's a huge cut to the benefits.

@TNTMADNESS 21 час назад

Great video. One of the most entertaining things I've seen in a long time.

@Nathan-ms8nj 9 дней назад

Great to see more kiwis on youtube.

@BrentColeman 8 дней назад

Haha there's a few of us, but always room for more! 😁

@anishachawla 11 дней назад

So thoroughly well researched! 👏

@NZGeek-O 6 дней назад

Perfect timing Brent. I’m about to sign up for ASB’s credit card. Now I have to reconsider my decision. Thank you.

@BrentColeman 5 дней назад

Glad it was useful!

@quashmonkey 4 дня назад

I really like the westpac world credit card, but I'm spending around 40k-60k per annem through it. The priority pass is great.

@jackyma5896 9 дней назад

I recently did some research. I am glad this aligns with what i found. Awesome vid.

@BrentColeman 9 дней назад

Glad you enjoyed the video!

@jamieoconnor4342 7 дней назад

Fantastic review! I have the ASB Platimum visa and love using the true rewards points.

@sooknandannishan 9 дней назад

Brilliant video! Was planning to get a credit card and you saved me a lot of research of yhe best one to get.

@BrentColeman 8 дней назад

Thank you! Glad you found it helpful!

@patch860 10 дней назад

Awesome thank you for this info.

@BrentColeman 9 дней назад

Thanks for watching and supporting the channel!

@iRealTB 10 дней назад

My first ever credit card that I’ve got was the Amex airpoints platinum back in 2019. I find that the combo with that card + Dosh does the job for me. I used to use the SBS visa credit card too but Dosh is also free and have a better cashback rate/ better deals. The TSB plat was also a good consideration but I don’t think I would be spending over 6 grand to make that card justifiable. Amex for 95% of transactions. And Dosh where Amex isn’t accepted. Great vid Brent!

@BrentColeman 9 дней назад

Funny you say that, I do the same! Amex Airpoints Platinum as a first priority, and Dosh second. Glad you enjoyed the video!

@OurSweetHideout 2 дня назад

Awesome Brett, Always loved your video so much value and info packed I'm glad I was able to maximise and get the westpac hotpoints credit card for its benefits, so can use it where amex isnt accepted, and love my Airpoints platinum amex card, use it for travel, and get international travel insurance as long as i booked all flights before departing, and yes its fastest earning airpoints in NZ, however email last week says they are raising the the price for earning rate, - Mark

@BrentColeman День назад

Hey Mark, thanks for your support of the channel since about the time it began! I was so disappointed to see the email from Amex, until now I've really sung their praises especially with the Priority Pass. The service has been great too, the fraud protection team are on top of any issues and customer support teams have always been available straight away for me. I'll definitely be reconsidering the card and whether my spending levels still substantiate it for my situation.

@Ar1k1 11 дней назад

Very useful and informative thank you for making the video.

@BrentColeman 9 дней назад

Glad it was helpful!

@dummerdum4714 7 дней назад

For those airpoint cards, only some of them include status point. Also will be good to mention the limit of cash back and some of the air /rewards points has expiration date

@LD-eu9gd 10 дней назад

I've got the basic fee-free Westpac mastercard. Happy with it and the rating you've given it- M. Agree with that.

@BrentColeman 9 дней назад

Glad you enjoyed the video - I was very nervous putting my ratings out there!

@markdav90 8 дней назад

American express are changing their rewards rate from 1 airpoint for every 59 dollars spent to 1 airpoint for every 70 dollars spent starting from October this year.

@BrentColeman 5 дней назад

Such a shame! And they announced it right after I released the video. TSB are reportedly making changes too, but made no mention on their website 😡

@cammac57 7 дней назад

Any thoughts on the surcharges at shops for credit card / payWave? Seems like cash back is pointless on credit cards when shops now charge 1-3%. Might just use a debit card instead.

@BrentColeman 5 дней назад

In such cases I use a debit card generally. If the credit card surcharge is 2%, it isn't worth it for a 1% reward so to speak. Fortunately the largest spending for me is on groceries, petrol and transport card credit, all of which don't incur a surcharge

@FakeLegoTrees 6 дней назад

Amex Airpoints Platinum are going from $59 up to $70 to 1 Airpoint dollar on October 😢 I'm going with Westpac Airpoints Platinum due to the higher Status Point return, lower foreign transaction fee, lower cash advance rate and higher acceptance as a Mastercard

@BrentColeman 5 дней назад

Yeah it was certainly a surprise. To the best of my knowledge, there were no regulatory changes this month to cause both Amex and TSB to substantially decrease their reward earn rates

@deeboy1957 3 дня назад

Amex just average now with the new lower earn rate. Will consider cancelling

@BrentColeman День назад

It's a shame, and they announced it right after I made this video 🫠

@Swo882 7 дней назад

I think the Amex gold $200 dining 'voucher' is only redeemable after spending a minimum of $100 at one of the participating restaurants. So you're looking at spending $200 additional to get that $200 dinning credit. Please correct me if I am wrong

@BrentColeman 5 дней назад

Their website doesn't suggest this is the case. To get $100 credit, you need to spend $100+. They credit you the $100 after. "Spend $100 or more, in one transaction on your American Express® Gold Rewards Card at a participating Dining Collection restaurant and receive a $100 credit*. Valid up to 2 times a year, once per defined calendar period. That’s up to $200 back each year."

@Swo882 4 дня назад

@@BrentColeman thanks for clarifying Brent. If I am understanding you correctly, as long as the single transaction is $100 or more, $100 will be credited on the same bill. I thought it was spend $100 or more and get the $100 credit on next visit. Time to put in my application then haha

@LawpickingLocksmith 10 дней назад

Struth NZ has become expensive. I miss the days we had the Bankcard. Now Australia is being run into the ground too. It will divide society.

@abhnvkhre 8 дней назад

Can you make australian version as well ??

@BrentColeman 5 дней назад

Raymond La has done a similar video for the Australian market :)

@bass5445 8 дней назад

RIP Amex airpoints platinum card reward rate just changed

@BrentColeman 8 дней назад

I just saw 😭 TSB and Amex all changed in a couple days

@anonymous-bs1xb 10 дней назад

I reward you Excellence for the video!

@BrentColeman 9 дней назад

Hahaha! Appreciate the support!

@stephenandersen625 6 дней назад

Gem visa is a beast of a card $65 annual fees 6 months interest free on purchase over $250 and up to 36 months intrest free at harvey normans. If you know what ur doing you cant beat it