Rates

Card type	Interest rate
MasterCard	19.45% p.a.
Visa	19.45% p.a.
Low interest MasterCard (With True Rewards)*	14.45% p.a.
Low interest MasterCard (Without True Rewards)*	12.00% p.a.
Visa Platinum	18.45% p.a.
MasterCard Gold	19.45% p.a.
Visa Gold	19.45% p.a.

*True Rewards fee charged per card enrolled. An additional cardholder's True Rewards fee is charged to Principal Cardholder's account. Low Interest MasterCard cards are no longer eligible to be enrolled in True Rewards. However, existing Low Interest MasterCard cards already enrolled in True Rewards may continue to earn True Rewards Dollars.

Fees

	Individual account fee	Joint account fee	Additional card	True Rewards fee*
MasterCard	$12.00 every 6 months	$18.00 every 6 months	$6.00 every 6 months	$10.00 every 6 months
Visa	$12.00 every 6 months	$18.00 every 6 months	$6.00 every 6 months	$10.00 every 6 months
Low Interest MasterCard (without True Rewards)#	$15.00 every 3 months	$17.00 every 3 months	$2.00 every 3 months	n/a
Low Interest MasterCard (with True Rewards)#	$17.50 every 3 months	$19.50 every 3 months	$2.00 every 3 months	$5.00 every 3 months
Visa Platinum	$65 every 6 months	$75 every 6 months	$15 every per 6 months	$10 per every 6 months
MasterCard Gold	$40.00 every 6 months	$55.00 every 6 months	$15.00 every 6 months	$10.00 every 6 months
Visa Gold	$40.00 every 6 months	$55.00 every 6 months	$15.00 every 6 months	$10.00 every 6 months

* Fee charged per card enrolled. additional cardholder's membership fee is charged to primary cardholder's account.
# Low Interest MasterCard cards are no longer eligible to be enrolled in True Rewards. However existing Low Interest MasterCard cards already enrolled may continue to earn True Reward Dollars.

Credit card cash advance fees
Interest will be charged from the date of the cash advance.
ASB ATM / FastPhone / FastNet Classic	$1.00
Other New Zealand bank ATM	$2.00
Teller-assisted	$5.00
Overseas (teller or ATM) displaying the Visa or MasterCard logo, whichever is applicable.	NZ$5.00

Credit card service fees
Overseas card delivery	Courier service fee
Replacement card	$10.00
Statement copy	$5.00 per statement
Late payment fee	$15.00
Over limit fee	$20.00 where the account balance exceeds its approved credit limit by more than 10% in any monthly statement cycle.

Offshore service margins -Visa

For details of the terms used in this section refer to the definitions in the ASB Credit Cards Conditions of Use.

Overseas card transactions, in a currency other than New Zealand dollars, will either first be converted into US dollars and then into NZ dollars or directly into NZ dollars, at the applicable exchange rate.

Offshore service margins of 2.1% are charged to the converted New Zealand dollar amount of the overseas card transaction by ASB, excluding those withdrawals made using Commonwealth Bank of Australia ATMs. For purchases refunded back to an ASB Visa account, offshore service margins of 2.1% are deducted from the converted New Zealand dollar amount by ASB. The offshore service margins comprise of a Visa international service assessment of 0.85% imposed on ASB by Visa and passed on to you and an ASB margin of 1.25%. Where a purchase is refunded back to your Visa card account the margins that are charged to your card account by Visa and ASB may differ from the margins that were charged for the original transaction due to fluctuations in foreign currency.

For overseas cash withdrawals made using your ASB Visa credit card at a Commonwealth Bank of Australia ATM an ASB retail exchange margin of 0.7% is added to the converted New Zealand dollar amount by ASB. In all cases the total converted amount (including the offshore service margins or the ASB retail exchange margin where applicable) will appear on your card statement.

Offshore service margins - MasterCard

For details of the terms used in this section refer to the definitions in the ASB Credit Cards Conditions of Use.

Overseas card transactions, in a currency other than New Zealand dollars, will either first be converted into US dollars and then into NZ dollars or directly into NZ dollars, at the applicable exchange rate.

For overseas card transactions made using your ASB MasterCard credit card, excluding those withdrawals made using Commonwealth Bank of Australia (CBA) ATMs, the following will be added to the converted amount:

• A MasterCard currency conversion assessment of 0.2% of the converted amount and an ASB margin of 1.25% of the converted amount when the transaction is in a currency other than NZ dollars; and
• A MasterCard cross-border assessment of 0.8% of the converted amount when the transaction was made in a country other than New Zealand.

For purchases refunded back to an ASB MasterCard account the MasterCard currency conversion assessment of 0.2% and the ASB margin of 1.25% are refunded back to your card account. The rates and margins that are refunded back to your card account by MasterCard and ASB respectively may differ from the rates and margins that were charged for the original transaction due to fluctuations in foreign currency. In all cases the total converted amount (including rates and margins) will appear on your card statement.

For overseas cash withdrawals made using your ASB MasterCard credit card at a Commonwealth Bank of Australia ATM an ASB retail exchange margin of 0.7% is added to the converted New Zealand dollar amount by ASB. In all cases the total converted amount (including the offshore service margins or the ASB retail exchange margin where applicable) will appear on your card statement.