SBS Pink Ribbon Visa Credit Card

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The SBS Pink Ribbon Visa Credit Card is a rewards credit card that also helps fight breast cancer. SBS Bank will donate $20 to Breast Cancer Foundation NZ for every account opened successfully. Every time you use your card SBS Bank will donate 5 cents to Breast Cancer Foundation NZ. You also earn $1 cashback for every $150 spent on Eligible Transactions. The SBS Pink Ribbon Visa Credit Card charges a $55 annual fee and 19.95% p.a. interest on purchases.

Note: This card is no longer being issued by SBS bank but you can compare other Cash Back credit cards and Rewards credit cards on our website.

Key Features

Purchase Rate: 19.95% p.a.
Cash Advance Rate: 22.95% p.a.
Balance Transfer: Unknown
Annual Fee: $55.00
Interest Free Days: 55 days
Minimum Repayment:
Card Reward Details: SBS Bank will donate $20 to Breast Cancer Foundation NZ for every account opened successfully. Every time you use your card SBS Bank will donate 5 cents to Breast Cancer Foundation NZ. Earn $1 for every $150 spent on Eligible Transactions.
Credit Limit:
Other Fees:

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

SBS Pink Ribbon Visa Credit Card Review

Pros and Cons

We've compiled below the pros and cons of the SBS Pink Ribbon Visa Credit Card to help you decide.

Pros

Donates $20 to Breast Cancer Foundation NZ for every account opened
Earn Cash Back Rewards

Cons

Annual Fee
Limited Benefits

Benefits of the SBS Pink Ribbon Visa Credit Card

Support for Breast Cancer Foundation

By choosing the SBS Pink Ribbon Visa Credit Card, you are directly contributing to the Breast Cancer Foundation New Zealand. A portion of every transaction you make is donated to support breast cancer research, awareness, and patient support services. This means your everyday spending can make a significant difference in the lives of those affected by breast cancer.

Cashback

The SBS Pink Ribbon Visa Credit Card offers a competitive rewards program. You can earn cash back for every dollar spent allowing you to get a percentage of your spending back, which can be a great way to save on your purchases.

Drawbacks of the SBS Pink Ribbon Visa Credit Card

Annual Fees

While the SBS Pink Ribbon Visa Credit Card offers numerous benefits, it does come with an annual fee. This fee can be a drawback for those who prefer a no-fee credit card. It is important to weigh the benefits against this cost to determine if the card is right for you.

Foreign Transaction Fees

If you plan to use your credit card for international purchases, be aware of the foreign transaction fees. These fees can add up quickly and make your purchases more expensive. It is advisable to consider this factor if you often make purchases in foreign currencies.

How to Apply for the SBS Pink Ribbon Visa Credit Card

Online Application Process

Applying for the SBS Pink Ribbon Visa Credit Card online is straightforward. Begin by visiting the SBS Bank website and navigating to the credit card section. Here, you will find the application form. Fill in the required details, such as your personal information, income, and employment status. Once completed, submit the form for review. You will receive a confirmation email acknowledging receipt of your application.

In-Branch Application

If you prefer a face-to-face interaction, you can apply for the SBS Pink Ribbon Visa Credit Card at any SBS Bank branch. Bring along necessary documents, including proof of identity, income, and residency. A bank representative will assist you in filling out the application form and answer any questions you may have. This method allows for immediate feedback and personalised assistance.

Approval Timeframe

After submitting your application, whether online or in-branch, the approval process typically takes a few business days. SBS Bank will review your credit history, income, and other relevant factors. If approved, you will receive your SBS Pink Ribbon Visa Credit Card in the mail within 7-10 business days. In case of any delays or additional information required, the bank will contact you directly.

Is the SBS Pink Ribbon Visa Credit Card Right for me?

When considering the SBS Pink Ribbon Visa Credit Card, it is essential to evaluate your spending habits. If you frequently use credit card for everyday purchases, the rewards and cashback options may be beneficial. However, if you tend to carry a balance, the interest rates should be a significant consideration.

Your financial goals play a crucial role in determining if this card is suitable for you. If you aim to support charitable causes while managing your finances, this card aligns well with those objectives. Additionally, the low interest rates can help you save money in the long run.

One of the standout features of the SBS Pink Ribbon Visa Credit Card is its support for the Breast Cancer Foundation. If contributing to charitable causes is important to you, this card offers a unique opportunity to make a difference with your everyday spending. By using this card, a portion of your spending goes towards supporting breast cancer research and awareness.

In general, we also recommend comparing all credit cards on our website to help you make an informed decision.

Tips for Maximising Your SBS Pink Ribbon Visa Credit Card

Using Rewards Effectively

To get the most out of your SBS Pink Ribbon Visa Credit Card, make sure you understand the rewards programme. Use your card for everyday purchases to accumulate points quickly. Redeem your points for cashback, gift cards, or other rewards that suit your lifestyle. Keep an eye on special promotions to earn extra points.

Managing Your Credit Limit

It's important to manage your credit limit wisely. Avoid maxing out your card, as this can negatively impact your credit score. Aim to keep your balance below 30% of your credit limit. If you need a higher limit, consider requesting an increase, but only if you can manage the additional credit responsibly.

Avoiding Common Pitfalls

Be aware of common pitfalls that can lead to unnecessary fees and charges. Always pay your bill on time to avoid late fees and interest charges. Set up automatic payments or reminders to ensure you never miss a due date. Additionally, try to pay more than the minimum payment each month to reduce your balance faster and save on interest.

Frequently Asked Questions

What is the SBS Pink Ribbon Visa Credit Card?

The SBS Pink Ribbon Visa Credit Card is a special credit card offered in New Zealand. It supports the Breast Cancer Foundation with each purchase you make.

Who can apply for the SBS Pink Ribbon Visa Credit Card?

To apply, you must be a New Zealand resident, at least 18 years old, and meet certain income and credit score requirements.

Are there any fees associated with the SBS Pink Ribbon Visa Credit Card?

Yes, there is an annual fee for this card. Additionally, there may be fees for foreign transactions and other services.

What are the benefits of using the SBS Pink Ribbon Visa Credit Card?

Benefits include supporting the Breast Cancer Foundation, earning rewards and cashback, and enjoying low interest rates.

How can I apply for the SBS Pink Ribbon Visa Credit Card?

You can apply online or visit an SBS branch. The approval process usually takes a few days.

Is the SBS Pink Ribbon Visa Credit Card widely accepted?

While it is accepted at many places, there might be some limitations, especially for international transactions.

Eligibility Requirements:

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

Income
Expenses
Debts
Assets
Savings
Investments

Documents:

In general the following documents are usually required for credit card applications.

Proof of Income

One of the following:

your most recent payslip or salary notice
copies of bank statements that show your pay or salary deposits
a letter from your employer confirming your income
an Inland Revenue Department (IRD) “summary of earnings” notice.

If you’re self-employed, you must supply:

signed financial statements for the past two years
a signed personal Statement of Financial Position
your personal tax return.

Proof of Identity:

A copy of one or two items from List 1. If you provide only one item from List 1, you must also provide one item from List 2.

List 1:

Current passport
New Zealand drivers licence
18+ card
Photo Credit Card

List 2:

Most recent bank statement
Debit card
Credit card
Community services card
Club or society card.

Are you interested in a free credit card? Compare ALL No-annual fee credit cards on our No annual credit cards page.

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