The first choice to make is whether to go for one of the two big players, VISA or Mastercard, or an alternative such as American Express. The next thing that can save you money is to choose 44 days instead of the normal 55 days interest free. If you like airpoints and have a reasonably high monthly credit card spend then it pays to choose a card that offers flight rewards. This costs about another $25 per year.
The standard interest charge for most cards is around 19.95% but you can find cards with interest rates as low as 13.45% if you shop around although it usually makes sense to consolidate your debts in a mortgage rather than run up an interest bill on your credit card.
A cross section of the rates currently on offer is shown below but check with the bank as these can change at any time.
|Bank||Card Name||Days||Interest||Annual Fee||Flight Rewards|
|Kiwibank||Low Rate Mastercard||55||13.45%||$50||No|
|American Express||Gold Credit||55||19.;95%||$90||Yes|
For a more detailed list click here .