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Balance Transfers

Don't sweat your debt. Get 0% p.a. fixed interest for 6 months on your transferred credit card or selected store card balance.

Apply online

Great reasons to transfer your balance to ASB

  • You could save money on interest, helping you to manage your money
  • We'll apply any payments you make to purchases and cash advances before balance transfers and Smart Rate purchases.
  • Continue to spend on your card and take full advantage of the balance transfer rate
  • You can transfer up to 90% of your available credit card limit

Options at a glance

Visa Light

No account fee, low rate credit card.

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Rewards credit cards

Access to True Rewards and other exclusive benefits.

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Still not sure about the best option for you?

Compare all of our great cards so you can make the right choice.

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Get 0% p.a. fixed interest for 6 months on your transferred balance

Why pay higher interest elsewhere?

If you have another bank’s credit card or selected store card with an outstanding balance, you could transfer this to an ASB credit card for 0% p.a. fixed interest for 6 months.

When the fixed 0% p.a. special offer ends in 6 months, any remaining transferred balance after the promotional period will attract the standard purchase interest rate for your card type.

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. 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).

 

Apply online

Frequently asked questions

  • Is there a fee to transfer my other bank’s credit card or selected store card balance to ASB?

    No, there is no fee to transfer your balance however credit card fees do apply. Find out more about our rates and fees here.

  • What banks and selected store cards does ASB accept for balance transfers?

    We accept all non-ASB New Zealand issued cards issued by Visa, MasterCard, American Express, Diners Club, GEM (previously GE), Q Card, Farmers Finance Card and The Warehouse Financial Services.

  • Which ASB credit cards can I complete a balance transfer to?

    A balance from another banks credit card or store card can be transferred to any ASB Visa or MasterCard except for an ASB Visa Business credit card.

  • Is there a limit to the number or amount of balance transfers I can do?

    Yes, we only allow customers to do 2 balance transfers per year, up to a maximum of $20k per transaction.

ASB's terms and lending criteria apply. The standard purchase interest rate for your card will apply to purchases and, after the 6 month period, to any remaining balance transfer amount. Interest on cash advances charged at cash advance interest rate, currently 22.95 %p.a. Find standard rates at asb.co.nz. Cash advance and service fees may apply. Offer can be withdrawn at any time.

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