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Afterpay is a buy now pay later service used across New Zealand: you split a purchase into four equal payments taken every two weeks, with no interest if you pay on time. This page explains how it works and the current invite offer, which gives new customers $30 off their first purchase of $50 or more with the code below.
Quick answer: Afterpay lets you pay for a purchase in four interest-free instalments over six weeks. New New Zealand customers who sign up with the invite code ERIC-M2CFE get $30 off their first purchase of $50 or more, applied at checkout once the account is approved. Afterpay runs a credit check, and late fees apply if an instalment fails.
What is Afterpay?
Afterpay is a payment method rather than a credit card. At checkout you choose Afterpay, and instead of paying the full amount you pay the first instalment straight away and the remaining three every two weeks. There is no interest when you pay on time, and Afterpay says applying has no impact on your credit score.
It is accepted by a wide range of New Zealand retailers, online and in store, and everything is managed in the Afterpay app where you can see upcoming payments and pay early. See afterpay.com for how the service works.
Is an "Afterpay promo code" the same as a referral link?
Afterpay does not use a typed checkout code the way an energy or retail promotion does. The $30 belongs to the account: you enter the invite code ERIC-M2CFE when you sign up, and Afterpay applies the discount automatically at your first eligible checkout. Searches for Afterpay promo code, Afterpay discount code, Afterpay coupon or Afterpay referral code all point at this same invite offer. See promo code vs referral code for how the two mechanisms generally differ.
What Afterpay offers in NZ
- Four interest-free payments on a purchase, taken every two weeks, with no interest when you pay on time.
- Widely accepted by New Zealand retailers both online and in store, with the payment schedule managed in the Afterpay app.
- No credit card required to use it, and applying does not affect your credit score according to Afterpay.
- A late fee if an instalment fails, and unpaid balances can be passed to a debt collection agency.
Afterpay offer at a glance
| Detail | Value |
|---|---|
| Offer | $30 off your first Afterpay purchase |
| Minimum purchase | $50 or more |
| Code | ERIC-M2CFE |
| Who it is for | New Afterpay customers in New Zealand |
| Eligibility | No active Afterpay account in the past 12 months; must pass Afterpay's credit check |
| Expiry | 28 days for the new customer, 90 days for the inviter |
| Exclusions | Amazon, other merchant exclusions, cross-border transactions, purchases using Afterpay as a saved payment method |
| Paid as | A discount applied at checkout, not cash |
How to claim this offer
- Open the Afterpay invite link on this page.
- Apply for an Afterpay account and enter the code ERIC-M2CFE during sign-up.
- Complete Afterpay's standard credit check and assessment.
- Once approved, shop at a retailer that accepts Afterpay and spend $50 or more.
- The $30 is applied automatically at checkout on that first purchase.
What the offer does not cover
Afterpay's terms are specific here, and these are the parts worth reading before planning a purchase around the discount.
- Amazon is excluded, along with other product and merchant exclusions the retailer applies.
- Cross-border transactions are excluded.
- Purchases made using Afterpay as a saved payment method are excluded, which means subscriptions and recurring payments do not qualify.
- The discount is one-time use and cannot be combined with another discount on the same purchase.
- If a purchase is returned, the most you get back is what you actually paid.
- A referrer may invite up to 50 people, for a maximum of $1,500 in discounts.
Who can use the invite code
The offer is open to New Zealand residents and is for new Afterpay customers who have not had an active Afterpay account in the past 12 months. Approval depends on Afterpay's credit check, so signing up does not guarantee the discount.
If you already have an Afterpay account the code cannot be applied to it. The useful thing to know then is how the four payments land: check the repayment schedule in the app before you commit, because the second instalment falls two weeks after the purchase.
Is Afterpay right for you?
Afterpay is cheap if you clear each instalment on time and expensive if you do not. Four payments across six weeks suits a purchase you would have made anyway and can pay off from the next pay cycle. It is a poor fit for stretching a budget over a longer period, because that is where the late fees and the collection process sit.
Compared with a credit card there is no interest and no annual fee, but there is also no revolving balance: every purchase has to be cleared within six weeks. Compared with saving up first it costs nothing, but it does commit future income, so it is worth checking what else comes out in those two weeks.
Terms
- Invite offer for new customers · minimum purchase $50 · one-time use · merchant exclusions apply
- New customer discount expires 28 days after issue, inviter's expires after 90 days
- New Zealand residents only · subject to Afterpay's credit check and Invite a Friend terms
Last updated: October 2026
Related deals
Offer terms, eligibility, and availability can change. Confirm final details on the provider website or at checkout before you pay.
Afterpay is a trademark of Afterpay Pty Ltd, used here for descriptive purposes. We are not affiliated with or endorsed by Afterpay. If you represent Afterpay and would like this code reviewed, corrected or removed, see our removal and correction policy and we will respond within 5 business days.
Frequently asked questions
What is Afterpay?
Afterpay is a buy now pay later service used across New Zealand. Instead of paying the full amount at checkout, you pay the purchase off in four equal instalments taken every two weeks. There is no interest when you pay on time, and Afterpay says applying does not affect your credit score. A late fee applies if an instalment fails, so the four payments need to suit your budget.
Afterpay coupon vs promo code vs discount code: what is the difference?
They all point at the same $30 invite offer. Afterpay does not run a typed checkout code like an energy or retail promo code: the benefit belongs to the account. The code ERIC-M2CFE on this page is entered when you sign up, and the $30 is then applied automatically to your first Afterpay purchase of $50 or more. Searches for Afterpay coupon, Afterpay promo code, Afterpay discount code or Afterpay referral code all lead to this same invite offer.
What do I get with the Afterpay invite code?
Afterpay's New Zealand Invite a Friend programme gives a new customer $30 off their first purchase of $50 or more. The code on this page is ERIC-M2CFE, and the discount is applied at checkout once your Afterpay account is approved.
How do I use the code?
Apply for Afterpay using the invite link on this page and enter ERIC-M2CFE during the sign-up. Afterpay runs a standard credit check, and once your account is accepted the $30 comes off your first purchase of $50 or more at checkout. There is no separate code to type at the till.
Who is eligible for the $30 offer?
It is for new Afterpay customers in New Zealand who have not had an active Afterpay account in the past 12 months. You must be approved by Afterpay's standard credit check, and the first purchase must be $50 or more. Applying does not guarantee the discount.
When does the $30 discount expire?
Afterpay's terms give the new customer 28 days from issue to use the discount and the person who invited them 90 days. It is one-time use and cannot be combined with another discount on the same purchase.
What is excluded from the offer?
Afterpay applies merchant and product exclusions and names Amazon as an example. The discount does not apply to cross-border transactions, and it does not apply to purchases made using Afterpay as a saved payment method, which covers subscriptions and recurring payments.
Is Afterpay a credit card?
No. Afterpay is not a credit card and does not charge interest on instalments paid on time. It is a payment method accepted by many New Zealand retailers online and in store, and the instalments are managed in the Afterpay app.
Does this Afterpay offer work in Australia?
No. This is the New Zealand Invite a Friend programme and it is open to New Zealand residents only. Afterpay runs a separate programme in Australia with its own terms and its own codes.
Can Afterpay change or withdraw the offer?
Yes. Afterpay can vary or end the programme and can withhold or cancel a discount if the terms are breached. It gives at least 30 days' notice of a change that works against you, so check the terms on Afterpay's own page before relying on the amount.
