ASB Visa Business Rewards Credit Card

Gold Award

The ASB Visa Business Rewards Credit Card is a business rewards credit card that allows you to earn either True Rewards or Everyday Rewards. For True Rewards, you get 1 True Rewards Dollar for every $100 you spend with your ASB Visa Business Rewards Credit Card, and for Everyday Rewards, you earn 1 Everyday Rewards point for every $1 you spend on your card. In terms of value, one True Rewards Dollar = $1 NZD and 1 Everyday rewards points equal 0.75 cents (i.e. under 1 cent).

The ASB Visa Business Rewards Credit Card charges an annual fee of $40 per card and has a purchase rate of 20.95% p.a. It also offers 0% p.a. on balance transferred for 6 months. We generally recommend you compared all credit cards with rewards in New Zealand to help you make and informed decision.

Rewards Points Cash Equivalent

$100 spend earns you $1.00 NZD cash equivalent^.

^ To help you compare reward points across different credit cards and rewards programs, we provide an estimate of the cash-equivalent of the reward points that you will get back for every $100 you spend on eligible purchases with your card. The cash equivalent value given is an estimate only based on a specific redemption example. In some cases reward points cannot be redeemed for cash directly. See below to find out how the estimate was calculated.

Points Cash Equivalence Calculation

If 1 True Rewards Dollar equals $1 NZD when redeemed at the ASB True Rewards online store or partner stores, and $100 spend earns you 1 True Rewards Dollar. Then $100 spend earns you (100/100) = $1.00 cash-equivalent when redeemed at the ASB True Rewards online store or partner stores.

Key Features

Purchase Rate: 19.95%
Cash Advance Rate: 22.95%
Balance Transfer: 0.00%
Annual Fee: Additional card fee of $10 every 6 months
Interest Free Days: 50 days
Minimum Repayment: N/A
Card Reward Details: For True Rewards, you get one True Rewards Dollar for every $100 you spend with your ASB Visa Business Rewards Credit Card, and for Everyday Rewards, earn 1 Everyday Rewards point for every $1 you spend on your card. In terms of value, one True Rewards Dollar = $1 NZD and 1 Everyday rewards points equal 0.75 cents (i.e. under 1 cent).
Credit Limit: Mininum $8,000
Other Fees:

IMPORTANT NOTE: please review the credit card details on the provider's website again before applying.

ASB Visa Business Rewards Credit Card Review

Pros and Cons

We've compiled below the pros and cons of the ASB Visa Business Rewards Credit Card to help you decide.

Pros

Earn True Rewards dollars or Everyday Rewards points for eligible purchases on your card.
0% on balance transfer for 6 months.
Complimentary overseas travel insurance.

Cons

Annual Fee of $70

What we like about the ASB Visa Business Rewards Credit Card

Earn True Rewards or Everyday Rewards

With the ASB Visa Business Rewards Credit Card, you can earn True Rewards Dollars or Everyday Rewards points. True Rewards Dollars can be used like New Zealand dollars at various retail partners or even invested into your KiwiSaver if you are with ASB.

Overseas Travel Insurance

One of the main benefits of the ASB Visa Business Rewards Credit Card is that it include overseas travel insurance which might make it suitable for business owners or employee that tend to travel overseas for work.

0% balance transfer

We like that the ASB Visa Business Rewards Credit Card offers0% on balance transfered for 6 months.

Drawbacks of the ASB Visa Business Rewards Credit Card

Annual Fee

One of the main drawbacks of the ASB Visa Business Rewards Credit Card is the annual fee. At $70 per year, this fee can add up, especially if you are not maximising the card's benefits. If you are taking advantage of the benefits however, the annual cost could be offset by benefits and points collected.

How to Maximise Your ASB Visa Business Rewards Credit Card

Optimising Reward Points

To get the most out of your ASB Visa Business Rewards Credit Card, focus on earning as many True Rewards Dollars as possible. Use your card for everyday business purchases. Remember, you earn True Rewards Dollars for every money you spend on your card on eligible purchases. Also, keep an eye out for special promotions that offer bonus points.

Managing Interest and Fees

To avoid high-interest charges, always try to pay off your balance in full each month. This way, you can take advantage of the interest-free period. Additionally, be mindful of the annual fee and consider whether the rewards you earn outweighs this cost. If you find the fees too high, you might want to explore other credit cards.

In general, we recommend comparing all business credit cards on our website to help you chose the right card for your business.

Frequently Asked Questions

What is the True Rewards Program?

The True Rewards Program is ASB's rewards programe that allows ASB credit card holders to earn True Rewards dollars on their purchases. These rewards can be redeemed at various partner retailers and services across the country.

Does the ASB Visa Business Rewards Credit Card have travel insurance?

Yes, the ASB Visa Business Rewards Credit Card offers overseas travel insurance coverage but not domestic travel insurance.

What are the fees associated with the ASB Visa Business Rewards Credit Card?

The ASB Visa Business Rewards Credit Card charges an annual fee of $70. There are also late payment fees that apply. Read the terms and conditions carefully and always make your repayments on time to avoid late payment fees.

Eligibility Requirements:

Your eligibility for this card would depend on a few criteria listed below. When you apply for a ASB credit card, ASB would ask you a few questions about the following criterias to determine your eligibility.

Revenue
Expenses
Debts
Assets
Savings
Investments

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What is the best credit card in New Zealand?

We've been asked this question a lot so we have compiled our pick of the best credit card in NZ but keep in mind that the best credit card for you depends on your personal circumstance and needs. To find the best credit card for you, we recommend that you compare all credit cards in NZ on our website or narrow down your search by popular credit card types as shown below. Use the top menu of the page to select more credit card types.