ASB Visa Rewards Credit Card Review for Kiwis – True Rewards Dollars, 0% for 6 Months, $40 Fee
ASB Visa Rewards Credit Card: turn everyday Kiwi spending into True Rewards Dollars, use 0% balance transfers for 6 months and enjoy up to 55 interest-free days for just $40 a year
Overview tailored for Kiwis
The ASB Visa Rewards Credit Card is a solid choice for New Zealanders who want simple, usable rewards without the faff. With True Rewards Dollars that convert one-to-one to NZ$, a $40 annual fee and up to 55 interest-free days, the card balances straightforward value with everyday practicality for Kiwis managing household or personal budgets.
Beyond rewards, the big draw is the 0% for 6 months balance transfer offer that helps clear costly debt. For many borrowers in NZ, that introductory 0% period paired with a low annual fee makes this ASB Visa Rewards Credit Card a contender for both regular spenders and those shifting balances from higher-rate cards.
Rewards structure and redemption
True Rewards Dollars are earned on everyday spending and redeemed directly as NZD at a network of partner stores and online merchants. The transparency is refreshing: one True Rewards Dollar equates to one New Zealand Dollar, so tracking value is dead simple compared with confusing points systems.
Use the card for groceries, fuel, and regular bills to build rewards steadily. Keep an eye on ASB promotional partners and seasonal offers where you can earn extra True Rewards Dollars; stacking those on routine purchases is the easiest way Kiwis can boost value from the ASB Visa Rewards Credit Card.
Rates, fees and eligibility essentials
Key numbers to remember: purchase rate around 20.95%, cash advance about 22.95%, and a balance transfer rate of 0% for 6 months. The annual fee sits at $40 and the minimum credit limit is typically $500. These details matter if you plan to carry a balance beyond the interest-free window.
Eligibility checks are standard in NZ: ASB will review income, expenses, debts and identity. Provide a recent payslip, bank statements showing pay deposits or IRD summaries; self-employed applicants need financial statements and tax returns. Make sure your ID documents meet ASB’s requirements before applying.
How to apply and make the most of it
Applying is straightforward online via ASB: check eligibility, gather your payslip and ID, complete the form and await a decision. If you’re moving debt, use the 0% for 6 months balance transfer early to maximise interest-free time and reduce interest costs quickly.
To squeeze the most from the ASB Visa Rewards Credit Card, pay statement balances in full when possible to avoid the high purchase rate, time big purchases to the start of your billing cycle to extend interest-free days, and focus spending where True Rewards Dollars add real value. Compare other NZ cards too—some Kiwis may prefer cashback or travel benefits depending on lifestyle.
