A happier balance
When making repayments ASB applies your payment to the expenses that might attract a higher interest rate before expenses on a lower interest rate – cash advances and purchases (other than Smart Rate purchases for Visa Light) are paid before balance transfers and Smart Rate purchases.
Any extra payments you make on top of your interest and transactions will help reduce your balance transfer, so when the fixed 0% p.a. special offer ends in 6 months, you could have less or no balance remaining. Any remaining transferred balance after the 6 month promotional period will attract the standard purchase interest rate for your card type.
By allocating payments this way, you’ll get the full benefit of the 0% p.a. fixed interest rate on the balance transferred for 6 months. It also allows you to continue using your ASB credit card for your everyday needs (note the standard purchase interest rate and cash advance rate will apply).
ASB's lending criteria, fees and Credit Card Conditions of Use apply. Balance transfer terms apply. The cash advance interest rate will apply to cash advances, currently 22.95% p.a.
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