ASB credit cards

Highly Commended Credit Card Brand

★★★★★ – Awarded Highly Commended Credit Card Brand by consumers in the Finder Credit Card Awards 2021.

Consider applying for a credit card at a bank founded in New Zealand, where you get a choice between credit cards with no annual fee and cards that reward you for spending.

First opening in 1847 in Auckland, ASB delivers a straightforward range of credit cards for both personal and business needs. You can also enjoy contactless payments and online banking across the ASB credit card range.

• ASB credit cards
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Name	Product	Purchase Rate	Annual Fee	Balance Transfer Rate
ASB Visa Business Credit Card ASB Visa Business Credit Card		20.95% p.a.	$30	N/A		Compare	loading Fetching your data...
ASB Visa Rewards Credit Card ASB Visa Rewards Credit Card		20.95% p.a.	$40	0% p.a. for 6 months	Earn 1 True Rewards dollar for every $150 spent or get 1c off per litre of fuel with AA Smartfuel for every $75 spent on eligible purchases.	More Info	Compare	loading Fetching your data...
ASB Visa Business Rewards ASB Visa Business Rewards		19.95% p.a.	$70	0% p.a. for 6 months	Earn 1 True Rewards dollar for every $100 spent or switch to AA Smartfuel discounts and earn 1c off per litre of fuel for every $50 spent on eligible purchases.	More Info	Compare	loading Fetching your data...
ASB Visa Platinum Rewards Credit Card ASB Visa Platinum Rewards Credit Card		19.95% p.a.	$80	0% p.a. for 6 months	Earn 1 True Rewards dollar for every $100 spent. True Rewards dollars can be redeemed at partner stores like BP, Farmers and Mitre 10.	More Info	Compare	loading Fetching your data...
ASB Visa Light ASB Visa Light		13.5% p.a.	$0	0% p.a. for 6 months	0% p.a. interest for 6 months on any purchase of $1,000 or more with ASB Smart Rate.	More Info	Compare	loading Fetching your data...

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Name	Product	Purchase Rate	Annual Fee	Balance Transfer Rate
AIRPOINTS American Express Airpoints Platinum Card American Express Airpoints Platinum Card	AIRPOINTS	19.95% p.a.	$195	N/A	Receive 300 bonus Airpoints Dollars when you apply online, are approved and spend a minimum of $1,500 on your new card within the first 3 months of membership. This offer is available to new Card Members only. T&Cs apply. You will also earn 1 Airpoints Dollar for every $59 you spend on your card.	Go to site More Info	Compare	loading Fetching your data...
AIRPOINTS American Express Airpoints Card American Express Airpoints Card	AIRPOINTS	0% for 6 months (changes to 19.95% p.a.)	$0	N/A	Be rewarded with 50 bonus Airpoints Dollars. Simply apply, be approved and spend $750 on your new Card within the first 3 months of membership. This offer is available to new Card Members only.	Go to site More Info	Compare	loading Fetching your data...
OFFER American Express Gold Rewards Card American Express Gold Rewards Card	OFFER	19.95% p.a.	$200	N/A	Receive $200 credit when you apply online, are approved and spend $1,500 on your card within the first 3 months of membership. Offer is available to new card members only. T&Cs apply. You will also earn 2 Membership Rewards points for every $1 spent on eligible purchases.	Go to site More Info	Compare	loading Fetching your data...
LOW RATE The Co-operative Bank Fair Rate Credit Card The Co-operative Bank Fair Rate Credit Card	LOW RATE	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% p.a. on both purchases and cash advances.	Go to site More Info	Compare	loading Fetching your data...
Q Mastercard Q Mastercard		0% for 3 months (changes to 26.69% p.a.)	$50	N/A	Get 3 months zero interest and zero payments on every purchase with no minimum spend required. Ts&Cs apply.	More Info	Compare	loading Fetching your data...

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Credit cards on offer from ASB

If you are looking for a credit card with no annual fee, you could consider the ASB Visa Light card, which does not charge a fee just for holding the card. Alternatively, you can opt for a rewards card including an ASB Platinum card, which also offers additional features and benefits.

Rewards credit cards

ASB offers you a choice of rewards cards, including the ASB Visa Rewards card and the Visa Platinum Rewards card. The standard card offers you one True Rewards dollar for every $150 you spend, while the Platinum Rewards card offers one True Rewards dollar for each $100 in credit card spend, but charges a higher annual fee. Both cards include many of the additional perks and privileges typically associated with a rewards credit card.

No annual fee credit cards

Prefer to keep your credit card costs to a minimum? Consider the ASB Visa Light credit card, which charges no annual fee and also features a low purchase interest rate.

Business credit cards

Manage your business expenses and keep tabs on your cash flow when applying for an ASB Visa Business credit card. You can have several cards with different credit limits attached to a single account, allowing you to control spending for each employee or department. If you’re willing to pay a higher annual fee in exchange for rewards, you should consider the ASB Visa Business Rewards credit card instead.

Benefits of banking with ASB

• Earn rewards as you spend. Apply for one of ASB’s rewards cards, and you stand to earn True Rewards dollars on almost all of your credit card spending. Each True Rewards dollar is equivalent to one New Zealand dollar, which you can spend at a selection of online and retail partners. Partners include travel agencies, wine retailers and design and fashion stores. You can even apply them to your KiwiSaver scheme.
• Interest-free period of 55 days on purchases. Personal cardholders can enjoy up to 55 days of credit on purchases without paying any interest, as long as your credit card account is always fully paid up with every statement. Business card holders enjoy up to 50 days of interest-free credit on purchases.
• 0% interest on large purchases for up to 6 months. If you hold the ASB Visa Light card you can apply Smart Rate to purchases of $1,000 and over. At the time of writing, Smart Rate entitles you to 0% p.a. for a period of 6 months, after which the standard ASB Visa Light purchase interest rate will resume.
• 0% balance transfer for 6 months. Except for the ASB Visa Business credit card, all ASB credit cards offer you 0% interest for 6 months on balances transferred from a different credit card provider. You need to keep your credit account in good standing to ensure the 0% rate applies throughout the 6 months and can only transfer balances up to 90% of your credit limit.
• Contactless payments and payments with Android phones. Thanks to Visa payWave, you can pay for goods and services simply by tapping your credit card on the reader. In addition, ASB supports Android mobile phones via ASB Virtual, allowing you to use your phone to make credit card payments. ASB also supports Google Pay, Apple Pay, Fitbit Pay and Garmin Pay.
• ASB Card Control for instant power over your card. ASB Card Control allows you to use your mobile phone to control your ASB credit card instantly. For example, you can put a temporary lock on your card by tapping your phone or turning ATM cash withdrawal on or off. Spending limits can also be controlled, with instant effect, via ASB Card Control.

How can I apply for an ASB credit card?

Choose an ASB credit card that fits your needs and compare it to similar products from other providers. Once you’re confident that the ASB card is the best choice for you, complete the secure online application form. ASB should respond within one to two working days.

Eligibility requirements

• Age requirement. You can apply if you’re 18 or older.
• Place of residence. You must be a permanent resident of New Zealand or a New Zealand citizen.
• Income requirement. For the Visa Platinum Rewards card, you need to have a minimum income of $50,000; otherwise, ASB only states that you need to prove you have a regular income to apply.
• Credit file. You need a credit record in good standing to successfully apply.

Necessary documents and information

• Income and employment. Have ready full details of your income, including how long you’ve been employed and your earnings. Dividend and investment income also count.
• Financial commitments. Any financial obligations should be declared, including regular rental payments or your mortgage obligation.
• Personal details, including address. You’ll also need to supply your current address and provide a utility bill that proves it and supply the period you have been residing at that address. You also need to provide proof of your identity, for example, using a passport or driving licence.

Frequently asked questions about ASB credit cards

ASB offers an easy to understand range of cards but see below for the most commonly asked questions. You can also ask one of our experts if your question is still not answered – complete the request box at the bottom of this page.

• Can I use my True Rewards balance as statement credit?

  You can redeem your True Rewards balance in exchange for various goods and services, but you cannot reduce your credit card balance or pay off your credit card balance using True Rewards dollars.

• What are my True Rewards redemption options?

  The goods and services you can exchange your balance for include many popular New Zealand retailers, and you can also book holidays via ASB’s travel partner. Alternatively, transfer your True Rewards dollars into an ASB KiwiSaver Scheme account or donate your True Rewards balance to one of a range of charities.

• How many True Rewards dollars can I earn?

  Your earnings rate depends on the ASB credit card you have chosen. The ASB Visa Rewards card gives you one True Rewards dollar for every $150 you spend, while the while the Platinum Rewards card offers one True Rewards dollar for each $100 in credit card spend. ASB states no limit to the amount of True Rewards dollars you can earn.

• Do all transactions on my card earn True Rewards dollars?

  Almost all retail transactions earn True Rewards dollars, but certain transactions are not eligible. Ineligible transactions include cash advances or payments for cash equivalents, government services, interest charges and credit card fees. The ASB Visa Light credit card is not eligible for True Rewards, so you won’t earn rewards when spending on this card. Also, business transactions on personal cards do not earn True Rewards dollars.

• Is it worth paying an annual fee for a rewards card?

  Some people will find that the cash value of the True Rewards dollars they accumulate via the ASB Visa Rewards or Visa Platinum Rewards credit cards is higher than the respective annual fees on these cards. ASB offers a True Rewards dollars calculator, which will help you to decide – you should only apply for a rewards credit card if your earnings outweigh any charges.

• When will the ASB credit card annual fee be charged to my account?

  With the exception of the ASB Visa Light credit card, which charges no fees, you can expect to see 50% of your annual fee charged to your account in the first month, with the remaining 50% charged 6 months later. You will continue to see a charge to the value of 50% of the annual fee every 6 months for as long as you keep your account open.

• Will additional and joint cardholders also incur annual fees?

  ASB allows you to add a joint or additional cardholder so that you can pool rewards earnings and share your credit card benefits. Note that joint or additional cardholders will incur annual fees. For example, the ASB Visa Rewards Credit Card charges $40 p.a. for the main account holder, $26 p.a. for each joint account holder and $12 p.a. for each additional card issued. These additional fees are also billed at half-yearly intervals, as with the annual fee.

• How much do I get charged when I use my card overseas?

  You incur additional charges when you pay at merchants overseas or shop online at a merchant that bills in a foreign currency. ASB converts the amount you paid from the foreign currency directly into New Zealand dollars or first into US dollars and then into New Zealand dollars.

  Conversion rates are determined on the day by ASB or Visa. Finally, you incur a 2.10% Offshore Service Margin to facilitate the currency conversion. This amount is charged on the New Zealand dollar value of your transaction.

Bottom line

Choosing an ASB credit card is a good option, especially if you are looking for a card that costs you as little as possible, but you could opt for one of the ASB rewards-earning cards if you prefer to get something back every time you use your credit card.