What interest rates are changing?

On 24 January 2024, the Standard Interest Rate applying to your Farmers Mastercard will increase from 25.95% p.a. to 28.50% p.a. This is the interest rate which applies to outstanding balance at the end of the interest free period of

Why did you make these changes?

We are committed to providing customers with the ability to buy the things that matter when they need them. We hope you enjoy the many benefits your Farmers Mastercard provides, including up to 55 days interest free on all Standard

Will these new interest rates apply to purchases or other transactions I’ve already made?

Yes, the interest rate changes will apply to both existing and any new transactions when/if they become interest bearing.

I have direct debit set up, how will the interest rate change affect me?

We suggest you review your current direct debit arrangement as you may need to increase your fixed monthly amount slightly to cover the increased interest that accrues.

I’d like to discuss this with someone.

For all general enquiries, payment arrangements or hardship queries, please contact our Customer Services team on 0800 990 077 or +64 9 953 0556 from overseas.