Kiwibank is Canstar’s Bank of the Year | Credit Cards 2021

Bank of the Year | Credit Cards

Congratulations to Kiwibank, the winner of Canstar’s latest award for Bank of the Year | Credit Cards. Kiwibank, which is 100% NZ owned, has challenged the might of the Big Four banks to win Canstar’s prestigious award.

Each year, Canstar’s expert research team evaluates all the major credit card products available on the market. Using an exacting methodology, our team rates the cards across three main categories:

• Low Rate Cards
• Reward Cards: $12,00 to $120,000 Annual Spend
• Flight Reward Cards: $12,00 to $120,000 Annual Spend

The best cards in each category receive our 5-Star Ratings for Outstanding Value. And the best overall provider is presented with our Bank of the Year | Credit Cards Award.

This year, Kiwibank has taken out our top award for the first time, due to its strong performance across all award categories.

“Congratulations to Kiwibank,” says Jose George, Canstar NZ general manager. “In a tight field, all of Kiwibank’s credit cards performed strongly. The bank’s mix of low-rate and low-fee cards, plus its range of three Air New Zealand Airpoints cards, is really outstanding.

“In addition to their great products, Kiwibank also achieved a high level of customer satisfaction in our ratings. It’s this winning combination of great cards and fantastic customer service that sets Kiwibank above the competition, earning them this year’s top award: Bank of the Year | Credit Cards.”

Kiwibank: Bank of the Year | Credit Cards

Kiwibank offers six different credit cards, each with a different fee, award and rewards structure:

Compare Credit Cards with Canstar

If you are looking for a new credit card, then let Canstar be your guide. Perhaps you want one with a low interest rate, or low fees, or want to swap your rewards card from points to cash. Our free credit card comparison tool compares all the major cards in the market and awards the best our prestigious Star Ratings. For more information on credit cards and to compare further, just click on the big button below.

Compare Credit Cards with Canstar here!

Canstar’s 5-Star Winning Credit Cards

Outstanding Value Low Rate Credit Card

Credit cards from four banks earned our 5-Star Outstanding Value Rating for their low-rate cards:

• ANZ Bank Low Rate Visa
• ASB Bank Visa Light
• Kiwibank Low Rate Visa
• The Co-operative Bank Fair Rate Credit Card

Outstanding Value Rewards Credit Card

The following rewards credit cards earned 5-Star Outstanding Value Ratings across different annual spends:

Rewards $12,000 Annual Spend

• BNZ Advantage Visa Platinum – Flybuys Option
• SBS Bank SBS Visa

Rewards $24,000 Annual Spend

• ANZ Bank Cashback Visa
• BNZ Advantage Visa Platinum – Cashback Option
• BNZ Advantage Visa Platinum – Flybuys Option

Rewards $60,000 Annual Spend

• ASB Bank Visa Platinum
• BNZ Advantage Visa Platinum – Cashback Option
• BNZ Advantage Visa Platinum – Flybuys Option

Rewards $120,000 Annual Spend

• Westpac Hotpoints World Mastercard

Outstanding Value Flight Rewards Credit Card

The following flight rewards credit cards earned 5-Star Outstanding Value Ratings across different annual spends:

Flight Rewards $12,000 Annual Spend

• American Express Airpoints Card
• American Express Platinum Edge Credit Card

Flight Rewards $24,000 Annual Spend

• American Express Platinum Edge Credit Card
• Westpac Airpoints Platinum Mastercard

Flight Rewards $60,000 Annual Spend

• American Express Airpoints Platinum Card
• Westpac Airpoints Platinum Mastercard

Flight Rewards $120,000 Annual Spend

• American Express Airpoints Platinum Card
• Westpac Airpoints World Mastercard

For more information on this year’s award, and to compare different credit cards for free with Canstar’s comparison tool, just click on the button below.

Check out our 2021 Credit Card Star Ratings here!