Canstar Awards BNZ: NZ’s Best Credit Cards

Bank of the Year | Credit Cards

Congratulations to BNZ, the winner of Canstar’s 2022 award for Bank of the Year | Credit Cards.

Each year, Canstar’s expert research team evaluates all the major credit cards on the market. This year, 35 cards from 11 different providers were rated using an exacting methodology. The awards and ratings are split into three main categories:

• Low Rate Cards
• Reward Cards: $12,000 | $24,000 | $60,000 | $120,000 Annual Spend
• Flight Reward Cards: $12,000 | $24,000 | $60,000 | $120,000 Annual Spend

When rating the performance of the cards, our research team judges them for features including:

The results are then condensed into a consumer-friendly five-star concept. Top-rating cards in each category are rewarded our top 5-Star awards for Outstanding Value. And the overall best credit card provider earns our prestigious Bank of the Year | Credit Cards Award.

BNZ: Bank of the Year | Credit Cards

This year’s winner of Canstar’s Bank of the Year | Credit Cards award is the BNZ, which has been part of the country’s banking landscape for over 160 years. The bank offers three credit cards, each with a different fee, features, benefits and rewards structure:

BNZ’s 5-Star Winning Credit Cards

The BNZ’s Bank of the Year Credit Cards award is based on the 5-Star Outstanding Value offered by two of its cards, in the low-rate and rewards categories.

BNZ’s Outstanding Value Low Rate Credit Card

BNZ’s Outstanding Value Rewards Credit Card

BNZ’s Advantage Visa Platinum card earns its Outstanding Value 5-Star rating in three annual spend brackets, across cashback and Flybuys options:

Rewards $24,000 Annual Spend

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

Rewards $60,000 Annual Spend

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

Rewards $120,000 Annual Spend

• BNZ Advantage Visa Platinum – Flybuys Option

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 2022 Credit Card Star Ratings here!

Compare Credit Cards with Canstar

If you’re currently comparing credit cards, the comparison table below displays some of the cash-back rewards credit cards currently available on Canstar’s database for Kiwis looking to spend around $2000 per month (some may have links to providers’ websites). The products are sorted by Star Rating (highest to lowest), followed by provider name (alphabetical). Use Canstar’s credit card comparison selector to view a wider range of credit cards. Canstar may earn a fee for referrals.

Compare credit cards

About the author of this page

This report was written by Canstar’s Editor, Bruce Pitchers. Bruce began his career writing about pop culture, and spent a decade in sports journalism. More recently, he’s applied his editing and writing skills to the world of finance and property. Prior to Canstar, he worked as a freelancer, including for The Australian Financial Review, the NZ Financial Markets Authority, and for real estate companies on both sides of the Tasman.