Gem Visa
Best for: interest-free payment plans at participating retailers, if you clear them in time
Pros
- Long interest-free terms on big-ticket items
- Works wherever Visa is accepted
- No fee for additional cardholders
Cons
- 29.49% p.a. standard rate, rising to 29.95% p.a. from 23 September 2026
- NZ$55 establishment fee plus NZ$65 annual fee
- Minimum repayments may not clear a plan before it ends
Rates and offers change. Confirm today's terms on the issuer's official site before applying. Independent comparison — not financial advice.
Gem Visa offers 0% interest plans of 6 to 60 months at participating retailers, but its standard rate is 29.49% p.a., rising to 29.95% p.a. from 23 September 2026. It charges a NZ$55 establishment fee and a NZ$65 annual fee.
Gem Visa at a glance
| Issuer | Gem by Latitude |
| Card network | Visa |
| Annual fee | NZ$65 (plus NZ$55 establishment fee) |
| Rewards rate | None |
| Welcome bonus | See issuer for the current offer |
| Intro APR | 0% on interest-free plans of 6 to 60 months at participating retailers; 0% for 6 months on general purchases of NZ$250 or more |
| Regular APR | 29.49% p.a. (29.95% p.a. from 23 September 2026) |
| Foreign transaction fee | 2% |
| Credit needed | Aged 18 or over, NZ permanent resident; income, expense and employer details required |
| Best for | Interest-free payment plans at participating retailers, if you clear them in time |
Key features
- 0% interest plans from 6 to 60 months at participating retailers
- 0% for 6 months on general purchases of NZ$250 or more, selected within 30 days
- Up to 55 interest-free days on general purchases
- NZ$55 one-off establishment fee
- No additional cardholder fee
Pros
- Long interest-free terms on big-ticket items
- Works wherever Visa is accepted
- No fee for additional cardholders
Cons
- 29.49% p.a. standard rate, rising to 29.95% p.a. from 23 September 2026
- NZ$55 establishment fee plus NZ$65 annual fee
- Minimum repayments may not clear a plan before it ends
Before you apply: confirm the current annual fee, interest rate, rewards and eligibility on the issuer's official site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.
Sources: gemfinance.co.nz
How it compares with similar New Zealand cards
| Card | Annual fee | Rewards | Intro APR | Foreign fee | Credit needed | Rating |
|---|---|---|---|---|---|---|
Gem by LatitudeGem Visa 4353 8124 2742 1589 VALID THRU 10/31MORGAN LEE Gem VisaInterest-free payment plans at participating retailers, if you clear them in time |
NZ$65/yr | None | 0% on interest-free plans of 6 to 60 months at participating… | 2% | Aged 18 or over, NZ permanent… | |
ANZLow Rate Visa 4527 9701 3467 0541 VALID THRU 04/30CASEY BROOKS ANZ Low Rate VisaA long, low-rate balance transfer and no-fee overseas spending |
None | None | 1.99% p.a. for the first two years on balance transfers (lim… | 0% | NZ citizen or permanent reside… | |
ASBVisa Flex 4738 8385 9693 4496 VALID THRU 04/29CASEY BROOKS ASB Visa FlexThe lowest purchase rate, with no account fee and no offshore margin |
None | None | None | 0% (no Offshore Service Ma… | Aged 18 or over, NZ citizen or… | |
ASBVisa Light 4217 1332 4539 9683 VALID THRU 02/31MORGAN LEE ASB Visa LightSpreading a large purchase at 0% for six months, with no account fee |
None | None | 0% p.a. for 6 months on any single eligible purchase of NZ$1… | 0% from 15 September 2026… | Aged 18 or over, NZ citizen or… |
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