What is Gem Visa Credit Card?

The Gem Visa Credit Card is a credit card offered in New Zealand by Gem Visa, typically in partnership with a bank or financial institution.
It functions like a standard credit card but often comes with specific perks, rewards, and financing options tailored for New Zealand customers.

 

Key Points

  1. Credit Facility

    • You can make purchases up to a pre-approved credit limit and pay them off later, either in full or via monthly installments.

  2. Visa Network

    • Since it’s a Visa card, it’s widely accepted both in New Zealand and internationally wherever Visa is accepted.

  3. Rewards & Benefits (may vary by provider)

    • Some Gem Visa cards offer reward points, cashback, or special promotions on certain purchases.
    • They may also include purchase protection, travel insurance, or interest-free periods for certain purchases.

  4. Online & In-store Usage

    • Can be used for in-store and online purchases, though some promotions or interest-free options may be limited to online transactions.
Gem Finance - Gem Visa Credit Card & Gem CreditLine Credit Card

How to Apply

  • For the most accurate and up-to-date terms, fees, and conditions, please visit: gemfinance.co.nz

Gem Frequently Asked Questions

Find answers to common questions about Gem method

  • Gem Visa and Gem CreditLine are credit cards offered by Latitude Financial Services that provide interest‑free payment plans for eligible purchases. Instead of paying interest, you repay the purchase in equal installments over a set term.

  • When you use Gem Visa or Gem CreditLine at participating retailers, you can choose an interest‑free plan (e.g., 6, 12, 24 months). Your purchase is split into equal monthly installments, shown on your statement, with no interest charged during the promotional period.

  • Your borrowing limit depends on your approved credit limit. Minimum purchase thresholds apply (e.g., $250 for 6–12 months, higher for longer terms). Larger terms require higher minimum spends.

  • Eligible purchases include products and services at participating retailers. Exclusions often apply (e.g., gift cards, certain premium brands). The exact inclusions/exclusions vary by promotion.

  • Repayments are made monthly and must cover at least the installment amount shown on your statement. You can pay more or clear the balance early without penalty.

  • If the balance isn’t fully repaid by the end of the promotional period, the standard interest rate applies (around 29–30% p.a., depending on card type).

  • Answer: Yes. Typical fees include:

    • Establishment fee (e.g., $55 for Gem Visa)
    • Annual fee (e.g., $65, charged half‑yearly)
    • Cash advance fees ($2–$6 depending on card)  

    ways check the latest fee schedule at gemfinance

  • You can log in to the Gem online portal or app to view balances, track installments, and make payments. Statements show both your regular card transactions and interest‑free plans.

  • Credit is provided by Latitude Financial Services Limited, subject to lending criteria and approval.