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ASB MasterCard credit card rates and fees

ASB no longer offers MasterCard. For existing customers with a ASB MasterCard, rates and fees are available below. Rates and fees may change.

ASB MasterCard

Interest rates
Purchase interest rate
Cash advance interest rate
Balance transfer interest rate
(fixed for 6 months)

The cash advance interest rate will be charged on cash advances and dishonoured payments.

The balance transfer interest rate will be charged on the balance transferred for 6 months from the date of transfer. Any outstanding balance at the end of this period will be charged at the applicable standard purchase rate.

Fees
Individual account fee (every 6 months)
Joint account fee (per person, every 6 months)
Additional card (per card, every 6 months)
True Rewards fee (per enrolled card, every 6 months)

The True Rewards fee is charged to the primary cardholder's account.

ASB MasterCard Gold

Interest rates
Purchase interest rate
Cash advance interest rate
Balance transfer interest rate
(fixed for 6 months)

The cash advance interest rate will be charged on cash advances and dishonoured payments.

The balance transfer interest rate will be charged on the balance transferred for 6 months from the date of transfer. Any outstanding balance at the end of this period will be charged at the applicable standard purchase rate.

Fees
Individual account fee (every 6 months)
Joint account fee (per person, every 6 months)
Additional card (per card, every 6 months)
True Rewards fee (per enrolled card, every 6 months)

The True Rewards fee is charged to the primary cardholder's account.

ASB Low Interest MasterCard with True Rewards

Interest rates
Purchase interest rate
Cash advance interest rate
Balance transfer interest rate
(fixed for 6 months)

The cash advance interest rate will be charged on cash advances and dishonoured payments.

The balance transfer interest rate will be charged on the balance transferred for 6 months from the date of transfer. Any outstanding balance at the end of this period will be charged at the applicable standard purchase rate.

Fees
Individual account fee (every 3 months)
Joint account fee (per person, every 3 months)
Additional card (per card, every 3 months)
True Rewards fee (per enrolled card, every 3 months)

The True Rewards fee is charged to the primary cardholder's account.

ASB Low Interest MasterCard

Interest rates
Purchase interest rate
Cash advance interest rate
Balance transfer interest rate
(fixed for 6 months)

The cash advance interest rate will be charged on cash advances and dishonoured payments.

The balance transfer interest rate will be charged on the balance transferred for 6 months from the date of transfer. Any outstanding balance at the end of this period will be charged at the applicable standard purchase rate.

Fees
Individual account fee (every 3 months)
Joint account fee (per person, every 3 months)
Additional card (per card, every 3 months)

Other fees

Credit card cash advance fees
Interest will be changed from the date of the cash advance.
ASB ATM / FastPhone / FastNetClassic
Other New Zealand bank ATM
Satff assisted
Overseas (teller or ATM) displaying the MasterCard logo
Credit card cash advance fees
Replacement card
Statement copy per statement
Overseas card delivery (Courier service fee)
Late payment fee
Over limit fee

If you exceed your credit card limit by more than 10% on any monthly statement, an over limit fee will apply.

Offshore service margins

Overseas transactions will either first be converted into US dollars and then into New Zealand dollars or converted directly at an exchange rate selected by MasterCard or us (as the case may be) from available wholesale rates (or, if applicable, the Government mandated rate).

The Offshore Service Margin is a margin charged by us when you use your card to make an overseas transaction.

For overseas transactions made using your ASB MasterCard Card, excluding those withdrawals made using Commonwealth Bank of Australia ATMs, an Offshore Service Margin will be charged.

The amount of the Offshore Service Margin is:

1.45% of the converted New Zealand dollar amount of the transaction; and

An additional 0.80% of the converted New Zealand dollar amount of the transaction where the transaction is made in a country other than New Zealand.

For purchases refunded back to your ASB MasterCard the Offshore Service Margin of 1.45% of the converted New Zealand dollar amount of the transaction is refunded. The Offshore Service Margin of 0.80% is not refunded. The margins that are refunded back to your card account may differ from the margins that were charged for the original transaction due to fluctuations in the conversion rate.

For overseas cash withdrawals made using your ASB MasterCard Card at a Commonwealth Bank of Australia ATM, an ASB Retail Exchange Margin of 0.70% of the converted New Zealand dollar amount of the transaction is charged.

The converted amount and Offshore Service Margins or ASB Retail Exchange Margin will appear on your card statement.

You will be charged ASB FastCash card fees and margins if you select cheque or savings when using your ASB credit card overseas.

Terms and conditions: Interest rates and fees are subject to change at any time. Ask at any ASB branch about current rates and fees. Credit card lending criteria and Credit Card Conditions of Use apply.

Rates and fees current as at

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