The 24 months interest free period is limited to an initial amount between $250 and $2,000 which is transferred to your SBS account from your card account when opened. It cannot be added to or redrawn during the 24-month period.
To qualify for this offer your new SBS Visa Credit Card requires a minimum credit limit of $5,000 and must be opened within 1 month of when you draw down your home loan.
The prevailing purchase interest rate (which can be found here) will apply to any outstanding balance on expiry of the 24 months interest free term. Minimum monthly repayments must be made during the 24 month interest free term.
The SBS Visa Credit Card is issued by SBS Money Limited (a subsidiary of SBS Bank). Lending and eligibility criteria applies. SBS Visa Credit Card Conditions of Use and Fees and Charges apply, are subject to change and are available on request and free of charge from any branch of SBS Bank or viewed at sbsbank.co.nz/credit-card.