Credit cards can be both a blessing and a curse depending on how you use them. If you are a disciplined individual who always sticks to his or her budget, credit cards are a good way of avoiding the hassle and risk of carrying hard cash everywhere. If you aren’t disciplined, you might end up spending money that you do not even have and end up in serious debt. Credit cards are accepted and used at various establishments in New Zealand (NZ). The best credit card in NZ is one with minimal fees and is accepted at multiple establishments.
Here are five things that you should know about the nature of these cards in this country.
Used to Pay for Car Rentals
Once you arrive in New Zealand, you may need to rent a vehicle to tour the country. It is in most cases more convenient than using taxis since you are in control of where you want to go. Most car rentals accept payments from credit cards, so you should consider having one. Have some cash on the side for emergencies and for entertainment use.
Some Establishments Require Over $20 Purchases
Credit cards have limitations in terms of the minimum amount you are required to spend based on their transaction fees. In NZ, you are bound to experience these limitations. Some require you to spend more than $20, so you will need to know when to bring cash and when to use your card. Most fuel or gas stations accept credit cards where you can spend less than the stated amount.
Interest on Credit Cards
Like in many other countries where credit cards are used, most credit cards in NZ also accrue some amount of interest depending on when you pay and the amount due. It is important that you compare the rates given by different cards and their waivers. You can save a lot of money if you get a good deal, especially one that does not require you to pay interest. Check for promotions and such to save money.
Check on Cash Back and Travel Rewards
Most credit cards in NZ offer cash back and travel rewards. You can get between one and two percent rewards of the amount you spend as Airpoints in dollars. You can use such points to reduce your travel expenses. You can also earn loyalty points that you can cash out or spend in various outlets. Such benefits depend on the frequency of using your card and your spending habits.
Accepts International Cards
You need not worry about your card when traveling to New Zealand, since most international cards are accepted by the various merchants in the country. Credit cards from Europe, the Americas, Asia, and Africa are accepted as long as they are valid. To ensure safe business travels, be aware of credit card fraud in New Zealand, as there are a lot of such cases, especially with international cards. Ensure that you report a lost card as soon as you can to the issuer.
