ASB Visa Flex: Our lowest interest rate credit card

Apply for ASB's low-interest credit cards online. We'll assess your application to ensure you have a consistent income and a good credit history, and to determine an appropriate credit card limit for your needs. We may ask for supporting documents to back up your information. Learn how to apply for a low-interest-rate credit card here.

If you purchase goods or services with your credit card and don't pay the full amount of your statement closing balance by the due date, you'll be charged interest on the outstanding balance.

ASB offers an up to 55 days interest free period beginning from the start of your statement period. This means that you'll have up to 55 interest free days for purchases of goods and services, provided you have paid off the entire balance of the previous billing cycle.

If you make cash advances, such as withdrawing cash from your credit card at an ATM or transferring money from your credit card account to another account, you'll be charged daily interest at the cash advance rate from the day of the cash advance. We will also charge interest on dishonoured payments, which are failed direct debits, at the purchase interest rate.

You can pay the balance owed each month through direct debit from your bank account. Learn more about how interest rates, interest-free periods, and credit card debt work here.

We will review your credit card application and be in touch with the next steps. Once approved, your credit card will be automatically posted to your address and arrive within 5 to 7 working days.

Our ASB Visa Flex credit card is ideal if you want a credit card with less interest and no annual fee. Other ASB credit cards may include an annual fee in addition to interest on purchases and cash advances. Cards with a higher credit limit and rewards often have a higher interest rate and annual account fee. As with all ASB cards, we offer up to 55-days interest free period on eligible purchases.

Compare our credit card options here.

You must be at least 18 years old to apply for a credit card. If you are considering your first credit card, then ASB Visa Flex could be a suitable option with no upfront fees, our lowest interest rates, and a low credit limit.

You can add your card details to your mobile phone or smartwatch through Apple Pay, Google Pay, Fitbit Pay, or Garmin Pay. Learn how to store cards for contactless payments on our mobile payments page.

You can start the credit card application process online through the ASB Mobile Banking app or FastNet Classic internet banking. You can also apply for a credit card in-person at one of our many branches nationwide; find the closest ASB branch near you here.

The CVC (card verification code) is the three-digit code on the signature panel of the back of your credit card. It is a security feature that helps protect your card from fraudulent transactions on online purchases.

ASB Visa Flex is designed specifically for those looking for a credit card with a low interest rate on purchases and cash advances. It has a lower credit limit, no annual account fee, no Offshore Service Margin on foreign currency transactions, and no other fees. As with all ASB cards, it includes up to 55 days interest-free on purchases.

If you are looking for cards with a higher credit limit or rewards, you can compare all of our available credit cards here.

An Offshore Service Margin is charged by us when you make a transaction in a currency other than New Zealand Dollars.

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 Visa or ASB (as the case may be) from available wholesale rates (or, if applicable, the Government mandated rate).

There are no Offshore Service Margins charged on the ASB Visa Flex card, for other ASB Visa cards we charge Offshore Service Margins of 2.10% of the converted New Zealand dollar amount for overseas transactions.

Having a clear credit history is crucial for getting finance. It's essentially a list of all the places you've had debt with, and how good you are at paying it off. Check out our guide for more information. Make sure you keep up to date with payments and clear any outstanding debts.

You may encounter a small surcharge when paying at a store using a credit card or contactless debit card. This is because payment processors charge retailers extra for using these payment methods. You can avoid surcharges by inserting or swiping your debit card or paying with cash instead.