Q Card Credit Card

Roland Bleyer

Credit Card Expert with over 15 years card experience and the founder of Creditcard.co.nz. Ask Roland a Question about this card.

The Q Card

Offering an easy way for cardholders to save on interest on spending big and small, the Q Card Credit Card provides ‘payment holidays’ on every purchase. With a ‘payment holiday’, cardholders don’t have to make any payments for three months, during which time they will pay no interest. On top of that, cardholders can access a range of long term finance deals with partner retailers.

What we love...

Used correctly, the Q Card Credit Card could be a shopper’s best friend, allowing for easy interest free finance on all purchases made on the card. No matter how big or small each purchase is, it attracts no interest for three months – and during that time, there is no requirement to make any payments. At the end of this ‘payment holiday’, the card’s standard purchase rate applies.

The Q-Card Credit Card is accepted at thousands of places throughout New Zealand, including selected online stores. So, you can use it just as you would any other credit card. However, with each purchase benefiting from a ‘payment holiday’, you can buy what you want now, to pay it off later with no interest to worry about (as long as you pay it all off within that three month period).

For larger purchases that require more time to pay off, you can use the card’s long term finance option. Teaming up with an awesome range of retailers, Q Card Credit Card provides access to an extensive array of long term interest free offers.

If you’re planning a holiday, you could check out interest free offers from partners such as Flight Centre and House of Travel. Maybe you’re doing some renovations or repairs around the house? Interest free finance from Mitre 10, Carpet Court or Big Save Furniture could help. Or maybe you want to splash out, buying a new TV from JB Hi-Fi, an ungraded pair of specs at Specsavers, or something that sparkles from Michael Hill. Just check out the site to see how much you could save.

Anything else to note on the Q Card Credit Card? While it doesn’t come as standard, the card does offer add-on credit card insurance covering redundancy, temporary disability, permanent disability, bankruptcy, and death or a terminal illness. Signing up provides cardholders cover on their card payments, as they pay out a premium each month as a percentage of their balance.

What’s not so great...

With the Q Card Credit Card, you will pay an annual account fee, paid out in two six-monthly installments. You will also pay an establishment fee on your first long term finance purchase, and an advance fee for each long term finance purchase you make after that. These fees should be taken into account when calculating the interest savings the finance deal offers.

Interest is another important factor to consider. The purchase rate on this card is high, and the cash advance rate is even higher. The purchase rate will apply to any purchase that has not been repaid within the ‘payment holiday’. The cash advance rate will apply from the day the transaction takes place. It’s best to avoid interest accruing whenever possible.

Why should you choose this card?

If you are looking for a way to use your credit card to make smart, interest free purchases – to then pay them all off before interest starts accruing – the Q Card Credit Card could be an excellent addition to your wallet. With three months interest free on every purchase, it could offer great savings, but you will need to pay them all off in time to avoid that high purchase rate.

In terms of extras, the Q Card Credit Card doesn’t offer much past standard credit card features. However, it does offer compatibility with Apple Pay, allowing for easy payments at the checkout even if you leave your wallet at home.

Overall Rating

Offering three months interest free with no payments due, the Q Card Credit Card could be a good money saver for the right cardholder. Long term interest free finance deals from partner retailers provide the opportunity for even more savings.