Aside from the breathtaking scenery and stellar snow seasons, what has made New Zealand Australia’s number one tourist destination? Discover how to get bang for your buck on a New Zealand holiday.
With the Australian dollar gaining 4% on the Kiwi dollar in the last year, more Australians than ever are taking holidays to New Zealand. Want to know how to take advantage of the Aussie dollar on your next holiday to NZ? Discover how with our travel money guide below.
Why New Zealand?
If you’re debating where to take your next holiday, look no further than across the ditch. Expedia’s Foreign Exchange Index has revealed that New Zealand is one of the only travel destinations where the Australian dollar can go further than it did a year ago, making it the ideal time for Aussies to travel NZ.
According to Expedia, trans-Tasman flights have also decreased an average of 5% to $463 between 2014 and 2015. Looking at these figures it’s no surprise that New Zealand remains the top destination for Australian travellers heading overseas, with 1.2 million trips made in the 2014-2015 financial year according to the Australian Bureau of Statistics.
If you haven’t already, it may be time to jump on the bandwagon and begin packing your bags for Middle Earth.
Travel tips and tricks for your New Zealand holiday
There are many travel money options available to you when you’re venturing across the Tasman. The best one will always depend on your specific financial situation, so you’ll need to compare your options to find the best travel money strategy for you.
Dust off your skis and Hobbit costume and discover how you can get the most bang for your buck in NZ by comparing your travel money alternatives below.
Travel money cards
A number of Australian prepaid travel money cards are designed for convenient spending in New Zealand. Most travel money cards allow cardholders to load their own Australian Dollars directly onto the card, transfer it to New Zealand Dollars and then lock in the exchange rate. This is particularly useful with the current exchange rate.
To give you an idea of the current state of the exchange rates, using the ANZ Travel Card you could get NZD$108.03 for AUD$100.00. On the other hand, the Westpac Global Currency card gives you NZD$105.25 for AUD$100.00.
*Rates are current as of 14 August 2015.
Travel money cards do come with costs, usually in the form of ATM and currency conversion fees, so you should keep that in mind when comparing your options.
You can consider the travel money cards available using the tables below.
|Card type||ATM fees|
|Currency conversion fee||Reload fee|
|ANZ Travel Card||NZD$4.50||$3 of value of transaction||1.1%|
|Qantas Card with Qantas Cash||NZD$2.50||$0||$0|
|Westpac Global Currency Card||NZD$3.00||$3 of value of transaction||Transferring through another financial institution (BPAY) may attract a transaction fee.|
|Cash Passport Mastercard||NZD$3.50||$0||$0|
|Travelex Travel Card||$0 for international Mastercard ATM withdrawals||5.95%||The greater of 1.1% of the initial load / reload amount or AU$15.00|
|NAB Traveller Card||$0 NAB international ATM fees||4% of the total transaction value||$0|
|Commonwealth Bank Travel Money Card||NZD$3.00||4.5% (including the Mastercard/Visa exchange rate at the time of the conversion)||$0|
|Suncorp Cash Passport Travel Card||NZD$4.00||$0||The greater of 1.1% of the initial load/reload amount or AUD$15 or 1% of the reload amount via BPAY|
Visa and Mastercard are widely accepted internationally, and you should have no difficulty using most credit cards in New Zealand.
Some credit cards are better geared towards overseas spending and factors such as the cash advance fee for using ATMs and exchange rates should come into play when you’re comparing your options.
You can weigh up some of your travel-friendly credit card options below.
Credit Cards with 0% foreign currency conversion fees
There are a few upsides to using a debit card for purchases in New Zealand. First of all, you’ll be using your own funds. This can make it easier to manage your holiday budget.
There’s only currently one card in the market, the Citibank Plus Transaction Account, that doesn’t charge currency conversion fees, so you’ll need to keep track of those costs if you choose to use a debit card in New Zealand. ATM fees may also apply, though many Australian banks, such as ANZ, Westpac and Commonwealth Bank, have alliances in New Zealand that you can use to reduce those costs.
Debit cards suitable for New Zealand
Can’t decide on one? Use a mixture
Whether you’re visiting New Zealand for short trip or an extended stay, make sure you always have access to your funds by organising a few travel money options.. You’ll get the most value by selecting a mix that suits your needs and spending habits – for example, you may want to use a mixture of cash and a prepaid travel money card for everyday spending while reserving your credit card for larger purchases or emergencies.
The best combination will depend on the trip you’re taking and how you spend your money.Back to top