How did you assess my credit limit?
Business Account: If you are a business customer, we may assign a credit limit based on the type of business you are, or by assessing your financial information.
Personal Account: Ruralco only offers Personal accounts upon special request. Before we can approve a Ruralco Credit Card for personal use, we are required under CCCFA (Credit Contracts and Consumer Finance Act) regulation to assess each customers suitability for this. We do this by reviewing your financial information and running an affordability check, based on your income and expenses.
Can I change my credit limit?
You are able to apply to increase or decrease your credit limit at any time, we want to work with you to get the correct credit limit in place. Please note, any increases will be subject to an assessment. To apply for a credit limit increase or decrease, please contact us at
membership@ruralco.co.nz or phone us on
0800 787 256.
What happens if I go over my credit limit?
You will not be able to go over your credit limit when you swipe your card through a merchant’s EFTPOS terminal, so if the purchase exceeds your available limit, it will be declined.
Will spend on my Ruralco Mobilcard be counted towards the credit limit on my Ruralco Credit Card?
Yes. Your credit limit is assigned to your account.