Gem Visa is a credit card issued by Latitude Financial Services that lets you shop now and pay later, interest free, at participating retailers like TSB Living. It can also be used anywhere Visa is accepted, in-store and online, worldwide.

It depends on the plan: 6 months interest free requires a minimum purchase of $250, 12 months requires $300, and 24 months requires $600.

Yes. Minimum monthly payments are required throughout the interest free term. As long as the balance is fully paid off before the plan ends, no interest is charged on that purchase.

Any remaining balance at the end of the interest free period will start accruing interest at the standard rate (currently 29.95% p.a., subject to change).

Not necessarily. The minimum monthly repayment is 3% of the outstanding balance or $20 (whichever is greater), which may not be enough to fully repay the purchase within the interest free term — you may want to pay more to be sure it's cleared in time.

Yes. Gem Visa charges a one-off $55 establishment fee and a $65 annual fee (billed as $32.50 half-yearly).

Yes — once approved, your Gem Visa can be used anywhere Visa is accepted, in New Zealand and internationally, though interest free terms only apply to purchases at participating retailers.

You can apply directly through gemfinance.co.nz. Approval and available credit limit are subject to Gem Visa's normal lending criteria.

Some products or promotions may be excluded from interest free plans — check the product page or checkout for any exclusions that apply to your specific purchase.