Important information about Gem Visa
When applying for a Gem Visa you are applying for a revolving credit contract (a general purpose credit card). When applying for this credit, you confirm that you require the credit on an ongoing basis.
Rates & Fees
fee3 (charged $27.50 half-yearly)
1 Credit and lending criteria, $55 establishment fee and $55 annual fee (charged $27.50 half-yearly) apply. Prevailing interest rate (currently 28.99% p.a.) applies to any remaining balance on the expiry date of the interest free term. For cash advances, an interest rate of 29.95% p.a. and a $2 fee applies. Further information on rates and fees can be found at gemfinance.co.nz. Available to approved Gem Visa credit card customers only.
2 Long term interest free offers may vary. Available at participating retailers to approved applicants only. Conditions, fees and charges apply.
3 Rates and fees are effective as of 11 October 2023 and are subject to change.
Financial Advice – Prescribed Statement Disclosure
You are protected by responsible lending laws. Because of these protections, the recommendations given to you by us about personal loans, credit cards and any credit related insurance products are not regulated financial advice. This means that duties and requirements imposed on people who give financial advice do not apply to these recommendations. This includes a duty to comply with a code of conduct and a requirement to be licensed.