Prestigious rating agency Canstar has announced that it is awarding a 5-star rating to Warehouse Money Purple Visa Card, which was launched just six months earlier.

The data provider released its latest Canstar Credit Card Rewards star ratings report today. It awarded the 5 star rating to the Warehouse Money Purple Visa Card in the annual ratings for Rewards cards in the New Zealand market. The card won the rating for the $12k and under annual spend category.

Hadyn Halls, Executive General Manager for Warehouse Money said, "The new Warehouse Money Purple Visa Card caters for customers wanting a Rewards programme that gives them access to meaningful rewards no matter how little they spend on their credit cards each year."The company said that it is very pleased to have received the top rating for the card.

The new Warehouse Money's Purple Visa Card awards two Purple Dollars to customers when they spend $150 at The Warehouse in-store or online. It awards one Dollar for every $150 spent elsewhere by the customers. The reward points can only beredeemed in store at The Warehouse. The card does not come with any set up, annual fee or additional cardholder fees. The Purple Dollars never expire and Warehouse Money allows customers to use them instantly on the very same card.