ASB Visa Platinum Rewards Credit Card 2023 full review for Kiwis with travel cover and 0% balance transfers

Overview of the ASB Visa Platinum Rewards

The ASB Visa Platinum Rewards card is a solid pick for Kiwis who want travel perks and a straightforward rewards program. It combines travel insurance, an ongoing True Rewards earning rate and a short-term 0% balance transfer offer, making it useful for everyday spending and short-term debt consolidation.

Designed for New Zealanders with a minimum credit limit from around NZ$8,000, the card suits people who travel occasionally and want extra cover without juggling multiple products. The blend of benefits and a manageable annual fee makes it competitive in the NZ market.

Rates, fees and the 0% balance transfer

Key numbers to watch: purchase rate about 19.95% p.a., cash advance around 22.95% p.a., and an annual fee commonly NZ$80. Interest-free days can reach up to 55 days if you pay the statement balance by the due date. These rates are typical for a rewards card that also bundles travel insurance.

The card’s headline 0% p.a. balance transfer for six months is a handy tool for moving existing credit card debt and saving on interest short term. Remember any balance remaining after the promotional period reverts to the standard balance transfer rate, so plan repayments accordingly to maximise savings.

Travel cover and True Rewards benefits

Travel insurance is a standout: cover for you, your partner and dependent children for trips up to 120 days per return trip overseas. This can save Kiwis hundreds if you would otherwise buy standalone annual travel cover, especially for family trips to Australia or the Pacific Islands.

True Rewards earns roughly 1 True Rewards Dollar per NZ$100 spent, redeemable across a catalogue of experiences, shops and travel options. For everyday spenders the points pile up, and they can be a neat offset to the annual fee if you redeem smartly.

Who should apply and how to get it

If you regularly travel, have a stable income and want low-cost short-term debt relief, the ASB Visa Platinum Rewards is worth considering. It works best for Kiwis who can clear the promotional balance within six months and take advantage of the travel insurance and rewards on normal spending.

Apply online through ASB or pop into a branch with proof of ID and income. Make sure to check eligibility criteria and compare alternatives if you have low monthly spend or don’t need travel cover, as there may be cheaper cards without rewards that better fit your budget.