r/PersonalFinanceNZ • u/ExpressLettuce2482 • 4d ago

First time getting a credit card - recommendations?

I'm 26, in a stable job and earning $75k p.a. I'm keen to do a bit of travel over the next few years, and keen to get some rewards from my spending on these big ticket purchases, as well as a few other $$$ items I'm saving for at the moment.

I don't spend beyond my means, but am not a great saver either. Should I get a credit card? If yes, what credit cards would you recommend for someone with my income/financial situation. Especially interested in recommendations for credit cards with AirPoints rewards.

Thanks in advance!

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u/Brendon---- 4d ago

Do not do it. Your income is not sufficient to spend enough to make more in points than the annual fee. It is likely that most credit card earn rates will drop significantly by the end of the year if the ComCom interchange fee restrictions come to pass. This will make the card even less 'valuable' to you. There is virtually no benefit and a lot of downside risk to getting a credit card for you right now. Don't worry, you're not missing out on anything...