ASB Visa Platinum Rewards credit card

Earn rewards faster and get access to overseas travel insurance with ASB’s highest-earning personal rewards card.

The ASB Visa Platinum Rewards card allows you to earn rewards for spending at a faster rate than the ASB Visa Rewards card.

While the annual account fee is twice as much, it has a slightly lower interest rate, access to overseas travel insurance, and you will be able to reap the reward benefits sooner.

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19.95% p.a.

Purchase Rate

$80 p.a.

Annual Fee

Details

Product NameASB Visa Platinum Rewards Credit Card
Purchase rate (p.a.)19.95% p.a.
Annual Fee$80 p.a.
Interest Free PeriodUp to 55 days on purchases
Min credit limit$8,000
Minimum Monthly Payment3% of transaction value or $10, whichever is greater
Card TypeVisa
Late Payment Fee$9
Complimentary Travel InsuranceYes
Available To Temporary ResidentsNo
Joint ApplicationYes

Benefits of the ASB Visa Platinum Rewards card

  • Get rewarded for everyday spending. Be rewarded with True Rewards or AA Smartfuel discounts when you use your card to shop online, buy groceries, pay bills and book travel. You can easily switch between the two types of rewards.
  • True Rewards. For every $100 you spend on your ASB Visa Platinum Rewards card you earn 1 True Rewards dollar. True Rewards dollars can be redeemed at partner stores, for flights and accommodation at House of Travel and at the online True Rewards store. You can also convert your dollars into KiwiSaver contributions, gift them to a friend or family member, or donate to a charity.
  • AA Smartfuel discounts. For every $50 you spend on your card, you earn 1c off per litre with AA Smartfuel discounts. Fuel discounts are applied to your account every Tuesday and can be used for a maximum of 50 litres at a time.
  • Transfer your balance. If you transfer the balance from an existing credit card to your ASB Visa Platinum Rewards card, you won’t pay interest on the balance for 6 months.
  • Mobile payments. Connect your ASB Visa Platinum Rewards card to your Google Pay, Garmin Pay, Fitbit Pay or Apple Pay account to make payments with your phone or watch.
  • Overseas travel insurance. When you pay for a minimum of 50% of return travel tickets on your Platinum Visa or with True Rewards, you automatically have access to overseas travel insurance for up to 90 days. Travel insurance includes medical expenses, trip cancellation, lost or stolen luggage and accidental death or injury. Your spouse and dependent children travelling with you are also covered, as long as you meet the terms and conditions.

Features of the ASB Visa Platinum Rewards card

  • Account fee. The ASB Visa Platinum Rewards card has an annual fee of $80 charged at $40 every 6 months.
  • Interest rate. An interest rate of 19.95% p.a. applies to purchases and 22.95% p.a. for cash advances.
  • Joint card. If you request a joint card for a friend or family member, there is an account fee of $27.50 every 6 months.
  • Additional card. Additional cards have a 6-monthly account fee of $15.
  • ASB Card Control. ASB’s Card Control app allows you to manage your card from your mobile phone. You can put a temporary block on your card if you happen to misplace it, set a spending limit, and turn different kinds of transactions on and off.

How to apply

Before applying for the ASB Visa Platinum Rewards card, ensure that you meet the eligibility requirements and compare the benefits, interest rate and fees with other similar cards.

To get your application underway, you can call the ASB contact centre, visit a branch, or complete an online application, which takes approximately 5-10 minutes to complete. ASB asks you to provide personal and financial information so it can assess your creditworthiness.

Eligibility criteria

  • Be at least 18 years of age
  • Be a New Zealand citizen or permanent resident
  • Have a regular income with enough money left over after expenses to make repayments
  • Agree to a credit check

Required documents

If you are a new customer to ASB, you need to provide documentation to prove who you are and your income. Documents you are likely to be asked for include:

  • Valid photo ID: Passport or driver’s licence
  • Proof of address: Recent phone or utility bill
  • Proof of income: At least 3 months of bank statements from your main transactional account

ASB will inform you of exactly which documents you need to supply. In some cases, more information may be required to decide on your application, but you can expect to get a response within 1-2 working days.

The bottom line

If you decide to apply for an ASB Visa Platinum Rewards card, you can choose between True Rewards or AA Smartfuel discounts, with the bonus of switching between the two as much as you like. However, ensure your rewards earn rate offsets the credit card’s annual fee and other charges. It also pays to look at the other credit cards on offer before making the final decision.

Compare other credit cards

Name Product Purchase Rate Annual fee Balance Transfer Rate
OFFER
Q Mastercard
0% for 3 months (changes to 25.99% p.a.)
$50
0% p.a. for 36 months
0% p.a. for 36 months on balances transferred from eligible personal credit cards until 30 November 2021 - offer applies to new customers only. Plus get 3 months zero interest and zero payments on every purchase.
AIRPOINTS
American Express Airpoints Platinum Card
19.95% p.a.
$195
N/A
Be rewarded with 500 bonus Airpoints Dollars when you apply by 29 November 2021 are approved, and spend $1,500 on your new Card within the first 3 months. This offer is available to new Card Members only. Ts&Cs apply. You will also earn 1 Airpoints Dollar for every $59 you spend on your card.
OFFER
Farmers Mastercard
25.95% p.a.
$50
N/A
Get $100 worth of Farmers Club Vouchers when you spend and link your card to a Farmers Club Card - offer is for new applications only and ends on 31 October 2021.
Flight Centre Mastercard
22.95% p.a.
$50
N/A
Use your Flight Centre Mastercard for everyday shopping and earn rewards as you spend. Earn 2 Flight Centre rewards for every $100 spent at a Flight Centre Store and 1 reward point for standard purchases. Subject to lending criteria. Ts&Cs apply.
AIRPOINTS
American Express Airpoints Card
0% for 6 months (changes to 19.95% p.a.)
$0
N/A
Be rewarded with 100 bonus Airpoints Dollars when you apply by 28 February 2022, are approved and sped $750 on your new card within the first 3 months of membership. This offer is available to new Card Members only.
OFFER
American Express Platinum Edge Credit Card
2.99% for 6 months (changes to 19.95% p.a.)
$149
N/A
Enjoy a low rate on purchases and earn 20,000 Membership Rewards Bonus Points if you apply, are approved and spend $750 in the first 3 months of Card membership. This offer is available to new Card Members only.
OFFER
American Express Platinum Card
N/A
$1,250
N/A
Get the new metal Platinum Card, 80,000 Membership Rewards bonus points, up to $300 dining credit and $200 to spend on travel each year. Offer available to new customers who apply online, are approved and spend at least $1,500 in the first 3 months. Exclusions, Ts&Cs apply.
LOW RATE
The Co-operative Bank Fair Rate Credit Card
12.95% p.a.
$20
0% p.a. for 6 months
0% p.a. on balance transfers for 6 months, plus benefit from a low rate of 12.95% on both purchases and cash advances.
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