ASB Visa Rewards Credit Card NZ review, maximise True Rewards, low fees and smart 0% balance transfers for Kiwis

Overview

The ASB Visa Rewards credit card is a practical choice for Kiwis who want straightforward rewards, low fees and useful balance transfer options. With clear True Rewards Dollars that map 1:1 to NZD, this card makes it simple to see value as you spend on groceries, fuel and everyday bills.

Designed for everyday use, the card offers up to 55 interest-free days and a modest annual fee of $40, making it appealing for regular spenders who pay on time. The combination of transparency and low cost positions this card well in New Zealand’s competitive market.

Rewards and Rates

True Rewards Dollars are earned at a rate of 1 for every $150 spent, and can be redeemed at partner retailers or online vouchers, so the rewards feel like real cash back in NZD. That clarity helps Kiwis plan spending to maximise reward returns without hunting through complicated points tables.

On the cost side, purchase rate sits around 20.95% and cash advances at 22.95%, so carrying a balance can get expensive; however the card also provides 0% balance transfers for six months, a strong tool for debt consolidation when used strategically. Minimum credit limit is typically $500, which suits most everyday needs.

Eligibility and Application

Applying requires standard New Zealand documentation: recent payslips or bank statements showing salary, IRD notices if relevant, and photo ID such as a NZ passport or driver licence. Self-employed applicants should prepare two years of financial statements and tax returns to smooth approval.

ASB assesses income, existing debts, assets and living expenses when reviewing applications, so gather proof early to speed things up. Visit ASB’s website or a local branch to check eligibility and submit your application online; having documents ready reduces waiting time.

Tips to Maximise and Alternatives

To extract the most value from the ASB Visa Rewards credit card, use it for regular purchases you would make anyway and clear the balance within the interest-free window to avoid high purchase rates. Time bigger buys to the start of your billing cycle to enjoy the full 55 interest-free days and consider the 0% balance transfer to move high-interest debt across for short-term relief.

If True Rewards Dollars aren’t your preference, compare alternatives that offer cashback or travel perks—some cards provide lower purchase rates or more generous points for specific spend categories. Always weigh annual fees, interest rates and introductory balance transfer offers to pick the best fit for your financial goals in New Zealand.