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ASB Visa Platinum Rewards credit card

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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.

19.95% APR

Purchase Rate

$80 p.a.

Annual Fee

Details

Product NameASB Visa Platinum Rewards Credit Card
Purchase rate (p.a.)19.95% APR
Annual Fee$80 p.a.
Interest Free PeriodUp to 55 days on purchases
Cash advance rate (p.a.)22.95% APR
Min credit limit$8,000
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.Choose to be rewarded with True Rewards or AA Smartfuel discounts when you use your card for shopping online, buying groceries, paying bills and booking 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’ll 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’ll 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 any 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’ll 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, and also covers your spouse and dependent children who are travelling with you as long as terms and conditions are met.

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 a joint 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, make sure that you meet the eligibility requirements and that you have compared 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 application form online.

This will take approximately 5-10 minutes to complete and you’ll be asked to provide personal and financial information so that ASB 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 will need to provide documentation to prove who you are and the income that you receive. 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 make a decision on your application but you can expect to get a response within 1-2 working days.

Compare other credit cards

Name Product Purchase Rate Interest Free Period Annual Fee
American Express Airpoints Card
0% for 6 months (reverts to 19.95% APR)
Up to 55 days on purchases
$0 p.a.
Be rewarded with 50 bonus Airpoints Dollars. Simply apply, be approved, and spend $750 on your new Card in the first 3 months of membership. This offer is available to new Card Members only.
American Express Airpoints Platinum Card
19.95% APR
Up to 55 days on purchases
$195 p.a.
Be rewarded with 400 bonus Airpoints Dollars when you apply online by 2 November 2020, are approved, and spend $1,500 on your new Card within the first 3 months. This offer is available to new Card Members only. You will also earn 1 Airpoints Dollar for every $59 you spend on your card.
American Express Platinum Edge Credit Card
2.99% for 6 months (reverts to 19.95% APR)
Up to 55 days on purchases
$149 p.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.
Farmers Mastercard
25.95% APR
Up to 55 days on purchases
$50 p.a.
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