Gem Visa

One card, two great interest free options

6 months interest free on any Visa purchase over $250
6 months interest free

Every time you make a Visa purchase over $250 on your Gem Visa card, you’ll automatically receive 6 months interest free. That’s every time you go shopping, book flights or concert tickets and pay for those unplanned expenses - it’s that simple.

Even longer term interest free start-up terms
Longer term interest free
If you’re shopping for new furniture, whiteware, home entertainment or need assistance with a DIY project, your Gem Visa could help. There are around 2,500 stores and healthcare providers who often offer longer interest free start-up terms to Gem Visa cardholders. Use the store locator to find your nearest store, check with them to find out what terms are available, then present your Gem Visa to staff in store.

Apply online now and get a response in less than 60 seconds!

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The following table outlines the two options in more detail.
6 months interest free
Longer term interest free
When does it apply? On any Visa purchase over $250. On promotional in-store purchases, for example if you are after a new 3D-TV you might like to take advantage of long term interest free.
Where can I get these interest free terms? Anywhere Visa is accepted. At over 2,500 stores and healthcare providers across New Zealand.
What interest free start-up terms are available? 6 months interest free on any Visa purchase over $250 A range of interest free start-up terms are available: one year, two years or more, depending on the retail promotion.
What could I use interest free for? Shopping, booking a flight or accommodation, concert tickets, unplanned expenses – anything over $250 on Visa, anywhere, anytime. Selected retailers across electrical, furniture, bedding, computers, tyres, jewellery, exercise equipment, bikes, dental, vision correction, non-surgical cosmetic and even veterinary care.
How do I get interest free start-up? When you make a Visa purchase over $250, you'll automatically receive 6 months interest free.

New customers: Get pre-approval online, complete an Identification Verification Form and take this form along with your photo ID to your local PostShop so we can verify your identification. Once you've done this, you can shop without your card – you just need to take your account number and ID into store with you. Your card will arrive within 5–10 days.

Existing customers: Simply present your card in one of 2,500 stores across New Zealand where Gem Visa is accepted and spend up to your available credit limit.
How do I keep track of purchases? You'll receive a monthly statement outlining your Gem Visa promotional purchases together with all your other account transactions. Your monthly statement will also highlight any unexpired promotional purchases as well as the outstanding balance and promotion expiry date, so you know how much to pay to avoid paying interest.
Are payments required?

Any payments you need to make will be clearly shown on your statement. The amounts will be determined by your purchase and any related payment terms, the transaction type, and how you’d like to manage your finances.

If you don’t wish to pay your closing balance off in full, you must at least pay any minimum monthly payment as set out in your statement – the minimum monthly payment is:

  1.  
    • any payment due under an instalment plan advance and
    • Any establishment fee in relation to an instalment plan advance;
    • either 3% of the closing balance (excluding any instalment plan advance or unexpired deferred payment advance) or $20 whichever is the greater, together with any amount shown
    • overdue; and
    • an amount sufficient to reduce the closing balance to your credit limit (if applicable); or
  2. any closing balance (excluding any unexpired deferred payment advance) under $20; or
  3. any other amounts as agreed upon from time to time between you and GE Money.

You must make the minimum monthly payment by the due date. You may choose to pay more than the minimum payment. Only making the minimum monthly payment may extend the time taken to clear your balance and cost you more. Always read your statement carefully to keep track of your transactions and any related promotional expiry periods.

For longer term interest free start-up advances, payment requirements depend on the type of promotion. Either:

  • Longer term interest free start-up purchase – monthly payments are required and the minimum monthly payment will appear on your statement.
  • Deferred payment, also known as “Buy now pay later” purchase – no payments are required during the deferred period.

Instalment plan advances are payable by fixed monthly instalments, as detailed on your statement.
Always read your monthly Gem Visa statements carefully for purchase, payment and transaction details.
Credit and lending criteria and fees apply. Gem Visa is provided by GE Finance and Insurance trading as GE Money.

Gem Visa is provided by GE Finance and Insurance trading as GE Money.