ASB Visa Rewards Credit Card Review for Kiwis, True Rewards, 0% Balance Transfer for 6 Months, $40 Annual Fee

The ASB Visa Rewards Credit Card is a practical choice for Kiwis who want straightforward rewards and a sensible balance transfer deal without breaking the bank. With a low NZ$40 annual fee and True Rewards that convert simply to NZ dollars, it’s built for everyday spending and smart money moves.

Key features and fees

This card offers a purchase rate of 20.95% and a cash advance rate of 22.95%, with interest-free days of up to 55 if you clear your statement. The much-talked-about balance transfer offer is 0% for 6 months, and the card requires a minimum credit limit of NZ$500.

The annual fee is just NZ$40, making the ASB Visa Rewards Credit Card an affordable option for many Kiwis. Make sure to weigh the low fee and short-term 0% balance transfer against the higher ongoing purchase and cash advance rates.

True Rewards program and redemption

True Rewards Dollars are simple: earn 1 True Rewards Dollar for every NZ$150 spent, and each True Rewards Dollar equals NZ$1. Redemption is easy across ASB’s partner retailers and online, so you can turn everyday purchases into tangible savings without fuss.

To maximise earnings, use the card for routine expenses like groceries, fuel and bills, and watch for partner promotions that boost rewards. For Kiwis who prefer clarity over complicated points systems, True Rewards is refreshingly transparent.

Balance transfers and interest management

The 0% balance transfer for six months is excellent for consolidating debt from higher-rate cards and getting breathing space to pay down balances. Use the introductory period strategically: transfer balances early in the offer window and set a repayment plan to clear the debt before the promotional period ends.

Be cautious about carrying a purchase balance beyond the 55 interest-free days or using cash advances, which attract higher rates straight away. If you tend to revolve a balance, compare effective costs versus other cards with lower ongoing rates before committing.

Who should apply and how to get started

This card suits Kiwis who want low-fee rewards and a short-term balance transfer solution — ideal for disciplined spenders who pay monthly and want easy-to-use rewards. It is less suited for people who regularly carry large balances or need low purchase interest long-term.

Applying is straightforward: check eligibility (income, debts, assets), gather proof of income (payslips, bank statements or IRD notices) and ID documents, then apply online via ASB. If you’re self-employed, be ready with financial statements and tax returns to speed approval.