Best business debit cards in New Zealand
Last updated: 1 Jul 2025
We compare New Zealand’s top business debit cards to help you manage expenses, reduce foreign exchange fees, and simplify team spending.
Key takeaways
- The World Card offers 1% cashback on eligible spend, supports 150+ currencies, and lets you issue 20 cards with custom spend limits (*T&Cs apply)
- ANZ, ASB, and Kiwibank offer basic debit cards with free or low fees
- Airwallex and Wise support global payments with multi-currency accounts, but there are limited employee cards available and no cashback
- Choose a card based on total costs, employee needs, and whether you transact primarily in NZD or other currencies
Running a business means staying on top of everything – payments, purchases and subscriptions. A business debit card for cash flow management improves spending visibility and even supports global expansion.
We’ve compared the best business debit cards in New Zealand to help you find the right one for your needs.
Table of Contents
What are business debit cards?
Directly connected to your business bank account or online business account, business debit cards are a seamless way to purchase services and goods for your company’s daily operations. As compared to credit cards that allow businesses to borrow funds up to a specific limit, debit cards draw funds directly from the business’s available balance.
Debit card transaction fees are usually lower than credit card fees, and there are no late payment charges to worry about. These lower costs can add up to big savings, especially for businesses with tight budgets.
Key features to look for in a business debit card
Before getting new business debit card, there are several factors that you should consider:
Fees and charges
A card might appear free at first glance, but hidden costs can add up quickly. Always read the fine print. Pay close attention to fees for issuing new cards, international transaction fees, and the monthly or annual fees associated with the business account linked to the card.
Cashback and rewards
Many top business debit cards in New Zealand offer cashback and rewards. Look at what kind of cashback they offer and how you can make the most of it based on how your business spends money.
Automated expense management
If you plan to give team members their own cards, choose a business debit card that offers automated expense tracking and reconciliation. It saves time, improves accuracy, helps prevent fraud and gives you better control over team spending.
Spend control
You should be able to set up spending limits and control for every business card that gets issued. Spend controls allow you to prevent overspending and ensure that employees only use the company funds for approved expenses.
Security
Look for debit cards for businesses that offer security features such as two-factor authentication and 3D Secure for online transactions. You should also be able to freeze/unfreeze cards instantly and monitor transactions in real time.
Support for international payments
The business card should support international transactions in multiple currencies and offer competitive exchange rates.
Top business debit cards in New Zealand
1. World Card
The World Card is a multi-currency debit card that lets you pay in 150+ currencies wherever Mastercard is accepted. You can get up to 20 World Cards for your company at no additional cost and set spend limits for each card.
The World Card is linked to your World Account, a multi-currency account that lets you set up local currency accounts in 15+ currencies–each with a unique account number and bank code.
When you use the World Card to make payments in 15 supported currencies (such as USD, AUD, GBP and EUR), there are zero foreign exchange fees (as long as you have sufficient balances in your account in the supported currencies). For payments in all the other currencies, a competitive exchange rate applies.
Pros of the World Card include:
- Zero foreign exchange fees when spending from local balances
- Issue 20+ cards at no extra cost for your team members and employees
- Set spending limits for each card
- Zero charges for signing up for a World Account or receiving payments into it
- Automated account reconciliation and expense management
- Earn 1% cashback on monthly spend, always*.
*Cashback promotions are subject to change at any time. *T&Cs apply
| World Card fees | |
|---|---|
| Card | Free (up to 20) |
| Account linked to the card | Free |
| International transaction fees | - 15 major currencies (e.g. USD, GBP, EUR, CNH, AUD): Zero, as long as you have enough balance in that currency - Other WorldFirst supported currencies: WorldFirst foreign exchange rate fee applies - WorldFirst For unsupported currencies: Mastercard exchange rate + WorldFirst margin of up to 1.5% (for Mastercard’s exchange rates, refer to their currency conversion calculator) |
2. ANZ Business Visa Debit Card
The ANZ Business Visa Debit Card allows Kiwi businesses to pay for expenses online, in-store, or overseas. It is also compatible with Apple Pay and other digital wallets. The card is issued in the company’s name and you’ll need an eligible ANZ business account to get the card 1.
Pros and cons of the ANZ Business Visa Debit Card
| Pros | Cons |
|---|---|
| ANZ Business Visa Debit Card fees | |
|---|---|
| Card | Free 1 |
| Account linked to the card | NZD 8.5 2 |
| International transaction fees | Up to 1.3% 3 |
3. ASB Visa Debit for Business
The ASB Visa Debit for Business card allows businesses to handle day-to-day purchases, subscriptions, and expenses 4. With contactless and digital wallet support along with ASB’s Card Tracker, it can be a good option for small businesses and startups 4.
Pros and cons of the ASB Visa Debit for Business card
| Pros | Cons |
|---|---|
| ASB Visa debit card for business | |
|---|---|
| Card | Free 4 |
| Account linked to the card | Free 4 |
| International transaction fees | Up to 2.1% 5 |
- Open 15+ local currency accounts and get paid like a local
- Pay suppliers, partners and staff worldwide in 100+ currencies
- Collect payments for free from 130+ marketplaces and payment gateways, including Amazon, Etsy, PayPal and Shopify
- Save with competitive exchange rates on currency conversions and transfers
- Lock in exchange rates for up to 24 months for cash flow certainty
4. Kiwibank Visa Debit Card for Business
The Kiwibank Visa Debit Card for Business can be linked to the bank’s Business Edge account and it works globally wherever Visa is accepted 6. It also supports contactless payments and fraud protection. To get a Kiwibank business account and a card, the director of the company must be a New Zealand citizen or reside in New Zealand 7.
Pros and cons of the Kiwibank Visa Debit Card for Business
| Pros | Cons |
|---|---|
| Kiwibank Visa Debit Card for Business | |
|---|---|
| Card | Free for the first year, then NZD 10 per year 6 |
| Account linked to the card | NZD 5 7 |
| International transaction fees | Up to 2.5% 6 |
5. Airwallex Borderless Card
Airwallex Borderless Card is a Visa-powered multi-currency debit card that supports payments in multiple currencies with no foreign exchange fees in 10 supported currencies (if there are sufficient funds available) 10. Airwallex business account holders can get company and employee cards – each with spending controls 11.
Pros and cons of the Airwallex Borderless card
| Pros | Cons |
|---|---|
| Airwallex Borderless Card 9 | |
|---|---|
| Card | Free |
| Account linked to the card | NZ 0 to NZD 499 per month |
| International transaction fees | 0.5% for USD, HKD, CNY, AUD, EUR, GBP, CAD, SGD, CHF, NZD and JPY; 1% for all other currencies Foreign transfer fees and currency conversion fees apply |
6. Wise Business Debit Card
Wise Business debit card is powered by Mastercard and supports over 40+ currencies 12. You can get up to three virtual multi-currency debit cards for your team at no additional cost. For more virtual cards, you’ll have to remove and replace the existing ones 14.
Pros and cons of the Wise Business card
| Pros | Cons |
|---|---|
| Wise Business Card 13 | |
|---|---|
| Card | Free |
| Account linked to the card | NZD 40 one-time fee 12 |
| International transaction fees | If you have available funds in the same currency: Zero If you don't have sufficient funds in the same currency: Currency conversion fee starting at 0.23% |
Top business debit cards in New Zealand – Comparison
| Card | Card fee | Monthly account fee | International transaction fees |
Multi- currency support |
Employee/ additional cards |
Cashback/ perks |
|---|---|---|---|---|---|---|
| World Card | ✅ Free | ✅ Free | ✅ 0% in supported currencies with balance ⚠️ Up to 1.5% if conversion is required |
✅ Yes | ✅ Up to 20 free cards ✅ Spend limits available |
✅ 1% cashback on all international spend |
| ANZ Business Visa Debit | ✅ Free | ❌ NZD 8.5 (No monthly fees for 2 years if you’re eligible for Business Start-up package) | ⚠️Up to 3% | ❌ No | ❌ Not mentioned | ❌ None |
| ASB Visa Debit | ✅ Free | ✅ Free | ⚠️ Up to 2.1% | ❌ No | ❌ Not mentioned | ❌ None |
| Kiwibank Visa Debit | ⚠️ Free 1st year, then NZD 10 | ❌ NZD 5 | ⚠️ Up to 2.5% | ❌ No | ❌ Not mentioned | ❌ None |
| Airwallex Borderless Card | ✅ Free | ⚠️ NZD 0–499 (based on plan) |
✅ 0% in 10 currencies with balance⚠️ 0.5–1% if conversion | ✅ Yes | ⚠️ Based on pricing plan | ❌ None |
| Wise Business Card | ✅ Free | ⚠️ NZD 40 one-time setup fee | ✅ 0% with same-currency balance⚠️ From 0.23% if conversion is required | ✅ Yes | ⚠️ Up to 3 virtual cards only | ❌ None |
Fees checked in June 2025
Find the right debit card for business
Choosing the right business debit card in New Zealand depends on your company’s size, spending habits, and international payment needs. If you frequently deal with overseas suppliers or clients, a multi-currency card with low or no foreign exchange fees could help reduce costs and simplify accounting.
Before making a decision, evaluate the total cost of ownership, including any account fees, and weigh them against the benefits each card offers for your specific business use case.
Sources
1. https://www.anz.co.nz/business/accounts-and-cards/business-visa-debit-card/
2. https://www.anz.co.nz/business/accounts-and-cards/business-accounts/current-account/
3. https://www.anz.co.nz/content/dam/anzconz/documents/rates-fees-agreements/ANZ-fees-charges.pdf
4. https://www.asb.co.nz/business-banking/business-visa-debit-card.html
5. https://www.asb.co.nz/content/dam/asb/documents/business-banking/2025/asb-guide-to-business-banking-fees-1-april-2025.pdf
6. https://www.kiwibank.co.nz/business-banking/accounts-cards/everyday-accounts/visa-debit-card/
7. https://www.kiwibank.co.nz/business-banking/accounts-cards/everyday-accounts/business-edge/
8. https://www.airwallex.com/nz/business-account/cards
9. https://www.airwallex.com/nz/pricing
10. https://help.airwallex.com/hc/en-gb/articles/900003301566-What-is-the-automatic-conversions-for-cards
11. https://help.airwallex.com/hc/en-gb/articles/4970990380943-How-do-I-choose-between-a-Company-Card-or-Employee-Card
12. https://wise.com/nz/business/card
13. https://wise.com/nz/pricing/business
14. https://wise.com/help/articles/2935762/how-do-i-order-a-wise-card
Disclaimer: The information contained is general only and largely our views. Before acting on the information you should consider whether it is appropriate for you, in light of your objectives, financial situation or needs. Although information has been obtained from and is based upon multiple sources the author believes to be reliable, we do not guarantee its accuracy and it may be incomplete or condensed. All opinions, estimates, mentioned products/services and referenced material constitute the author’s own judgement as of the date of the briefing and are subject to change without notice. WorldFirst shall not be responsible for any losses or damages arising from your reliance of such information.
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