Warehouse Credit Card

NOW Rewards Visa eligibility and required documents

You must be at least 18, be a New Zealand citizen or permanent resident living in New Zealand, and receive regular income. Accepted income can include wages, benefits, superannuation and self-employment income. Your partner’s income cannot be included in your application.

Prepare a current passport or New Zealand driver licence and details of income, expenses and existing debts. Finance Now may request bank statements, proof of address or certified identification. Its privacy policy explains credit-report checks and information sharing with verification providers and credit-reporting agencies.

The issuer can decline an application or offer a lower limit after assessing affordability. Its application FAQ gives a $1,500–$15,000 range but also invites discussion of higher requests while describing $15,000 as the maximum. Obtain direct confirmation before relying on a higher limit.

Who should consider this credit card?

NOW Rewards Visa may suit shoppers financing an essential purchase through an eligible interest-free offer, provided they can budget to clear it before expiry. It can also suit regular spenders who repay standard purchases in full and use the participating reward retailers.

For small or infrequent purchases, account fees can outweigh rewards. If you expect to carry ordinary purchase debt, compare a lower-rate card or personal loans with scheduled repayments. For existing card balances, compare debt consolidation options: the current rebrand FAQ says balance transfers onto NOW Rewards Visa are not offered.

How the card, applications and repayments work

Application process

Start through the official NOW Rewards Visa page or a participating retailer. Telephone assistance is available on 0800 801 808. Supply the requested information, complete verification and review the approved limit and agreement before accepting. Activate the issued card through eMoney or customer support.

Application and decision timing

Finance Now estimates about 10 minutes to complete the online form and an initial response within 60 seconds. That response can be approval, conditional approval, referral for assessment or decline. Additional checks can delay final approval; these timings do not establish when a physical card will arrive.

Two different interest-free arrangements

The automatic 12-month promotion covers qualifying single Visa purchases of at least $250 at The Warehouse, Warehouse Stationery and Noel Leeming, online or in store, until 31 March 2027. Check the confirmation email and statement for the purchase’s expiry date. This promotion allows NOW Dollars to be earned and redeemed.

Separately arranged long-term retail finance has its own spending thresholds, terms and exclusions. NOW Dollars generally cannot be earned or redeemed on those purchases. An interest-free period also does not mean repayments are deferred; a deferred-payment arrangement must be expressly included.

Minimum payments and clearing the balance

The minimum is generally the greater of $20 or 3% of the relevant outstanding charges, subject to deferred-payment exceptions. A balance below $20 is generally payable in full. Overdue or overlimit amounts require immediate attention in addition to the normal minimum.

The minimum payment is not a plan to clear an interest-free purchase before expiry. Divide the purchase balance by the months remaining and allow for fees. If the account contains several purchases, check the issuer’s payment allocation rules: extra payments may reach other balances first. Internet banking, automatic payments and direct debit are available.

Questions to ask before accepting the card

• Which promotion applies to this purchase, and what is its exact expiry date?
• What payment will clear it on time after account fees and payment allocation are considered?
• Are establishment or account fees waived under a specific offer, and when does that waiver end?
• Will this transaction earn rewards, and can I redeem rewards against it?
• Is any repayment insurance being offered separately, with what premium, exclusions and waiting periods?

Advantages and limitations

• Useful purchase financing: Eligible retail purchases can receive an extended interest-free period while the card remains usable wherever Visa is accepted.
• Rewards alongside the automatic promotion: Its specific terms preserve rewards on qualifying purchases, unlike separate long-term plans.
• Account cost: Recurring fees continue to matter even when purchases attract no interest.
• Costly outstanding debt: The standard purchase rate applies after a promotional balance expires; cash withdrawals attract immediate interest.
• Restricted reward use: NOW Dollars are redeemable through participating retailers, rather than unrestricted cash back.

Warehouse Money successor card: rates, fees and total cost

All amounts below are NZ dollars. The current published schedule lists:

• Interest: Purchases 26.65% p.a.; cash advances 29.40% p.a.
• Account charges: $55 establishment; $34 every six months; no additional-card fee.
• Late payment: $15.
• Foreign currency: 2% of transactions processed in an overseas currency.
• Cash withdrawals: Domestic ATM $1; overseas ATM $2; domestic bank counter $5; overseas bank counter $7.50. ATM-owner charges may also apply.
• Other charges: Paper statement $1; posted statement copy $5; replacement card $5; NZ Post payment $2.85; disputed transaction $10 if investigation establishes that you are responsible.

Standard purchase interest-free days depend on meeting the repayment conditions. Unpaid ordinary purchases can attract interest from their debit date. Cash advances accrue interest immediately. For an interest-free purchase, the card terms specify interest on the remaining balance from the day after the promotional term expires. Default can also lead to reasonable recovery costs and credit reporting.

No compulsory insurance is specified in the current card documents. Historical Warehouse Money repayment-cover descriptions do not establish cover for a new applicant. Existing policyholders should check their own premiums, exclusions and claim conditions.

Illustration: a $1,200 interest-free purchase

Original calculation, not a personalised quote: Assume a qualifying $1,200 purchase on a new account, a $55 establishment fee and two $34 account fees. If the purchase is cleared within its 12-month interest-free term, total payments are $1,323 before rewards. Budget $100 monthly towards the purchase, plus fees when due. This assumes no other spending, insurance, interest, additional charges or fee waivers.

At the standard reward rate, $10,200 of eligible spending earns $68 in NOW Dollars, matching two account fees. Covering those fees plus the $55 establishment charge requires $18,450 of eligible spending. These calculations assume full redemption at face value, with no interest, other charges or bonus rewards. Spending more merely to earn rewards would undermine that comparison.

Verdict: assess the purchase plan before the rewards

NOW Rewards Visa’s strongest feature is its qualifying retail interest-free finance. Its main limitation is the combination of recurring fees and interest on balances left outstanding. Compare the purchase price plus all account costs with paying outright or using another borrowing option, then test whether the repayment needed before expiry fits your budget. Rewards offer limited compensation for carrying debt.

Warehouse Money and NOW Rewards Visa FAQs

Is NOW Rewards Visa the same as my old Warehouse Money credit card?

Not necessarily. Purple Visa became NOW Rewards Visa in May 2026, but legacy Warehouse Money Visa, Mastercard and Red Card accounts have separate account information. Check the product name on your statement before comparing fees or benefits. A former Warehouse Money discount or insurance arrangement should not be assumed to apply to NOW Rewards Visa.

Do the rewards outweigh the account fees, and is there still a 5% Warehouse discount?

The current benefits reviewed do not include a standing 5% Warehouse discount. Instead, eligible spending earns 1 NOW Dollar per $150. With a $34 account fee every six months, our calculation shows that $10,200 of eligible annual spending earns enough rewards to match $68 in account fees. Including the standard $55 establishment fee raises that spending figure to $18,450. These calculations assume full redemption at face value, without interest, other charges or bonus rewards. Below those spending levels, compare a card without an account fee.

How does the automatic 12-month offer differ from other interest-free deals?

The automatic promotion applies to qualifying single Visa purchases of $250 or more at The Warehouse, Warehouse Stationery or Noel Leeming, online or in store, until 31 March 2027. It expressly allows NOW Dollars to be earned and redeemed. Separately arranged long-term finance generally excludes rewards and may have different spending thresholds. Compare the purchase price, account fees, reward eligibility and repayment deadline—not just the advertised number of interest-free months.

Can everyday purchases stay interest-free while I repay a promotional purchase?

The issuer provides an “Optional Payment to Minimise Interest Charges” on statements containing different balances. Its payment guidance says this includes standard purchases, cash advances, fees, interest, expired or expiring promotional balances and minimum payments on remaining interest-free purchases. Paying only the minimum does not provide the same protection. Check promotional expiry dates separately: ordinary purchase interest-free days, advertised as up to 55 days, do not extend a promotional deadline or remove cash-advance interest.

Are NOW Dollars as flexible as cash back?

No. NOW Dollars can be redeemed only through participating retailers, rather than withdrawn as unrestricted cash. Redemption generally requires at least 10 NOW Dollars and an eligible purchase of at least $10. The main cardholder must accept the SMS offer before its deadline, and cannot choose a smaller redemption than the offer provided. When comparing rewards cards, value these rewards according to purchases you would already make at eligible retailers.

Can I move an existing credit card balance to NOW Rewards Visa?

The current rebrand FAQ says balance transfers onto NOW Rewards Visa are not offered. Its purchase promotions therefore should not be treated as a way to refinance existing card debt. Compare a dedicated balance-transfer offer or debt consolidation options, checking transfer fees, the rate after any introductory period and the repayment needed to clear the balance before that rate changes.

Can my partner’s income help me qualify, or can we apply jointly?

Joint applications are unavailable, and your partner’s income cannot be included in your application. An eligible family member aged 18 or older can instead receive an additional card without an additional-card fee. Both cards share one approved limit; the main cardholder remains responsible for repayment. Eligible spending on either card earns rewards for the main account, so compare the household benefit against the responsibility assumed by one borrower.

What happens if I cannot clear an interest-free purchase before it expires?

Under the card terms, the remaining promotional balance attracts the prevailing purchase rate—currently 26.65% p.a.—from the day after expiry. Interest is not backdated to the purchase date for that promotional balance. Making the minimum payment may keep the account up to date while leaving this interest-bearing debt. Contact the hardship team on 0800 801 812 before repayments become unmanageable; assistance requires assessment. Independent debt management support can help assess your wider budget.

How do I challenge an unfamiliar transaction or escalate a complaint?

For an unfamiliar transaction, the issuer asks you to notify it within 30 days of the statement closing date and complete its dispute process. A $10 disputed-transaction fee may apply if investigation establishes that you are responsible. Contact 0800 801 808, secure messaging in eMoney or info@nowvisa.co.nz. If the internal complaints process does not resolve the issue, the Insurance & Financial Services Ombudsman offers free independent dispute resolution on 0800 888 202.