ASB is one of New Zealand’s leading banks, serving customers for more than 175 years and offering trusted financial products, making it one of the country’s most respected credit card companies.
What you need to know about this credit card
- Purchase interest rate: 9.95% p.a., ASB’s lowest credit card purchase rate.
- Credit limit: From NZ$500 to NZ$4,000.
- Annual fee: NZ$0.
- Foreign currency conversion fee: 0% Offshore Service Margin on overseas transactions.
Pros
- No annual fee: Keep your ongoing costs low with no account, joint account or additional card fees.
- Low interest rate: Enjoy ASB’s lowest purchase and cash advance interest rate of 9.95% p.a.
- Ideal for overseas spending: No Offshore Service Margin applies when making purchases in foreign currencies.
- Digital banking tools: Manage your card through ASB Mobile Banking, FastNet Classic, Card Control and Card Tracker.
- Great first credit card: A practical option for people building a credit history with a lower credit limit.
Cons
- Lower credit limit: Maximum credit limit is NZ$4,000, which may not suit customers needing higher borrowing capacity.
- Income requirement: Applicants generally need a regular annual income of at least NZ$30,000.
Why choose ASB for your credit card?
Compared with Gem Visa, ASB Visa Flex offers a much lower ongoing purchase rate, making this low-rate Visa credit card more suitable for everyday borrowing.
Unlike Q Mastercard, ASB Visa Flex focuses on long-term affordability rather than promotional finance, making it an attractive low-fee credit card.
Compared with ANZ Low Rate Visa, ASB Visa Flex stands out by charging no Offshore Service Margin, benefiting customers using a travel credit card overseas.
While Kiwibank Zero Visa has no annual fee, ASB Visa Flex combines lower purchase interest with foreign currency savings, enhancing its credit card benefits.
Compared with Westpac Fee Free Mastercard, ASB Visa Flex offers one of the lowest purchase interest rates available, making it a strong New Zealand credit card for first-time cardholders.
How to apply for your ASB Visa Flex
Complete your credit card application online through the ASB Mobile Banking app or FastNet Classic after confirming your credit card eligibility and preparing your income and identification details.