FX.co ★ New Zealand Credit Card Spending Rises 6.9% in September

Seasonally adjusted total billings in New Zealand increased 6.9% year-on-year to NZD 4.7 billion in September 2026, following an upwardly revised 3.6% rise in August. This marked the seventh consecutive month of expansion, supported by stronger domestic spending on cards issued in New Zealand, with domestic billings up 5.3% to NZD 4.0 billion. Overseas billings also rose, gaining 3.9%.

At the same time, total credit limits edged down to NZD 20.8 billion, while credit limit utilisation rose to 28.7% at the end of September. The weighted average effective interest rate on personal interest-bearing advances was unchanged at 20.0% in August 2026.