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Interest Free terms & conditions

Our Interest Free Payment Plans explained

Interest free
  • A minimum payment is required each month for the duration of the plan
  • Paying only the minimum payment will not pay off the balance in full before the expiry of the plan
  • Get 6 months interest free for Visa purchases $250 or more*
  • Longer terms often available - check in store for their current offer*
    • View terms and conditions
Instalment interest free
  • Equal payments (instalment) to be paid each month for the duration of the plan
  • Paying the instalment payment each month on time will pay off the balance within the interest free period
  • Plans vary and are only available at selected retailers, during special promotional periods*
    • View terms and conditions
Interest free deferred
  • No minimum payments required during the duration of the plan
  • You are welcome to make voluntary payments any time before the end of the plan
  • Never pay a cent of interest on your purchase, provided you pay the balance on time and in full before the end of the plan
  • There are a range of plans available - please check in store for the finance terms they offer*
    • View terms and conditions
INTEREST FREE

Minimum and maximum purchase amounts may apply. Minimum monthly repayments required. Paying only the minimum monthly repayment of 3% of the outstanding monthly balance or $20 (whichever is more), will not be sufficient to repay the purchase amount(s) within the promotional period. Amount payable will be shown on your monthly statement.

Credit and lending criteria and fees, including a Gem Visa $55 establishment fee and annual fees ($65 Gem Visa (charged $32.50 half yearly)/$65 Gem CreditLine (charged $32.50 half yearly)). Prevailing interest rate (currently Gem Visa 29.49% p.a./Gem CreditLine 29.95% p.a.) applies after any interest free term ends. For cash advances, an interest rate of 29.95% p.a. and fees of ($2 Gem Visa/$6 Gem CreditLine) applies. Further information on rates and fees can be found at gemfinance.co.nz. Available on participating Gem Visa or Gem CreditLine cards only. Credit provided by Latitude Financial Services Limited.

INSTALMENT INTEREST FREE

Approved customers only. Stated plan term of Instalment Interest Free with Gem Visa / Gem CreditLine cards as an Instalment Plan Advance / CreditLine Select advance. Amount payable will be shown on your monthly statement. Minimum and maximum purchase amounts may apply.

Credit and lending criteria and fees, including a Gem Visa $55 establishment fee and annual fees ($65 Gem Visa (charged $32.50 half yearly)/$65 Gem CreditLine (charged $32.50 half yearly)). Prevailing interest rate (currently Gem Visa 29.49% p.a./Gem CreditLine 29.95% p.a.) applies after any interest free term ends. For cash advances, an interest rate of 29.95% p.a. and fees of ($2 Gem Visa/$6 Gem CreditLine) applies. Further information on rates and fees can be found at gemfinance.co.nz. Available on participating Gem Visa or Gem CreditLine cards only. Credit provided by Latitude Financial Services Limited.

INSTALMENT INTEREST FREE PLAN – PLAN TERM OF LESS THAN 36 MONTHS ONLY

Approved customers only. Plan terms of less than 36 months of Instalment Interest Free with Gem Visa or Gem CreditLine as an Instalment Plan Advance/CreditLine Select Advance. Amount payable will be shown on your monthly statement. Minimum and maximum purchase amounts may apply. As the Instalment Interest Free plan is for a term less than 36 months, the minimum monthly payment under this plan is greater than the usual interest free repayment for the same term. Please refer to your Gem Visa or Gem CreditLine Conditions of Use in regard to the payment allocation for this plan.

If you don’t make your minimum monthly payment as provided in your statement, for two consecutive months, you agree that all Instalment Interest Free plans with a term less than 36 months will change to an Interest Free plan for the remainder of the original plan’s term.

Credit and lending criteria and fees, including a Gem Visa $55 establishment fee and annual fees ($65 Gem Visa (charged $32.50 half yearly)/$65 Gem CreditLine (charged $32.50 half yearly)). Prevailing interest rate (currently Gem Visa 29.49% p.a./Gem CreditLine 29.95% p.a.) applies after any interest free term ends. For cash advances, an interest rate of 29.95% p.a. and fees of ($2 Gem Visa/$6 Gem CreditLine) applies. Further information on rates and fees can be found at gemfinance.co.nz. Credit provided by Latitude Financial Services Limited.

INTEREST FREE DEFERRED

Interest free with no repayments during the stated period. Minimum and maximum purchase amounts may apply. Repayment for your purchase will be deferred for the stated period. During this period, no interest will accrue and no monthly repayments need to be made. If you do not pay the outstanding balance in full before the end of the deferred payment period, the amount payable will accrue interest and will be included in your monthly statement. Paying only the minimum monthly repayment of 3% of the outstanding monthly balance or $20, whichever is more, will not be sufficient to repay the purchase amount(s) within the interest free period.

Credit and lending criteria and fees, including a Gem Visa $55 establishment fee and annual fees ($65 Gem Visa (charged $32.50 half yearly)/$65 Gem CreditLine (charged $32.50 half yearly)). Prevailing interest rate (currently Gem Visa 29.49% p.a./Gem CreditLine 29.95% p.a.) applies after any interest free term ends. For cash advances, an interest rate of 29.95% p.a. and fees of ($2 Gem Visa/$6 Gem CreditLine) applies. Further information on rates and fees can be found at gemfinance.co.nz. Credit provided by Latitude Financial Services Limited.

Important information

* Long term interest free offers may vary. Available at participating retailers to approved customers only. Credit and lending criteria and fees, including a Gem Visa $55 establishment fee and annual fees ($65 Gem Visa (charged $32.50 half yearly)/$65 Gem CreditLine (charged $32.50 half yearly)). Prevailing interest rate (currently Gem Visa 29.49% p.a./Gem CreditLine 29.95% p.a.) applies after any interest free term ends. Paying only the minimum monthly repayment of 3% of the outstanding balance or $20 (whichever is more), will not be sufficient to repay the purchase amount(s) within the promotional period. Amount payable will be shown on your monthly statement. For cash advances, an interest rate of 29.95% p.a. and fees of ($2 Gem Visa/$6 Gem CreditLine) applies. Further information on rates and fees can be found at gemfinance.co.nz. Credit provided by Latitude Financial Services Limited.

SECURITY

If there's a fraudulent transaction on your Gem Visa, you will not be held liable if you: