Kiwibank s Air New Zealand Airpoints credit cards to be less rewarding stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.
Kiwibank customers using the bank's credit card rewards scheme will need to fork out more money to earn rewards.
The New Zealand-owned bank is adjusting th
Honey Trap: Kiwis rack up $6.2 billion in credit card debt
15 May, 2021 09:00 PM
7 minutes to read
Credit card debt is burdening a lot of Kiwis. Photo / Getty Images
Credit card debt has topped $6.2 billion nationally and local budget advisers say spending has started to spike again - with the cost-of-living increases in the wake of Covid. It comes as tertiary students are being urged by financial advisers to be wary of card offers that could potentially trap them in debt for life.
Figures from the Reserve Bank of NZ show total advances outstanding rose 0.2 per cent in March compared to February.
Press Release – Canstar Credit cards continue to be a popular payment option for New Zealanders, with a recent splurge in spending showing Kiwis are enjoying the summer. According to Kiwibank data, New Zealanders are making the most of staying local, travelling to see the …
Credit cards continue to be a popular payment option for New Zealanders, with a recent splurge in spending showing Kiwis are enjoying the summer. According to Kiwibank data, New Zealanders are making the most of staying local, travelling to see the best of New Zealand and spending more on their home renovations.
And today, Canstar is proud to announce Kiwibank as its winner of Credit Cards Bank of the Year Award 2021. The New Zealand-owned bank offers a range of choices for customers and was tipped into the winning spot by its low rate card, with its cost and feature ratings outperforming other major banks in the market.