ASB Visa Light

Our current Smart Rate is 0% p.a. fixed for six months on a single purchase of $1,000 or more. Check our rates and fees for standard purchase interest rate to see the benefit.
When you make a purchase of $1,000 or more, Smart Rate gets applied automatically – you don’t have to do anything to receive the offer.

After the offer period has ended (currently six months after purchase date), the standard Visa Light purchase interest rate is applied to any remaining Smart Rate balance.

Although Smart Rate is a feature of ASB Visa Light – the fixed interest rate, period of time and the purchase amount can be updated at any time. Keep an eye on what our current Smart Rate is.

Smart Rate can only be applied to a single purchase and excludes transaction types like cash advances and transactions equivalent to a cash advance - such as buying foreign cash, traveller's cheques or casino chips. More information can be found in your credit card conditions of use.

Smart Rate is the lowest purchase interest rate on a Visa Light. It's a special purchase interest rate that automatically gets applied to any purchase of $1,000 or more. There is nothing else you need to do to qualify and it means you could save money on interest – ideal for unexpected purchases.

Check Smart Rate purchases on your monthly credit card statement. Smart Rate purchases will display a start date, interest rate, end date, purchase amount and the amount left to pay - for each individual Smart Rate purchase.

Note: You can view details in Document Centre in FastNet Classic internet banking or on your paper statement. It is not available anywhere else in FastNet Classic or ASB Mobile.

See an example of a Smart Rate purchase appearing on a statement.

Remember to pay at least your minimum balance due each month, as you normally would. Find out more on how your payments are allocated to your credit card account.

To pay off a Smart Rate purchase before the six month ends, you'll need to pay the entire outstanding balance on the card, including any transactions made since your last statement.

If the Smart Rate purchase is the only transaction on your credit card, then any payments you make to your credit card will help to pay off your Smart Rate purchase. Find out how payments are allocated to your credit card.

The current Smart Rate purchase offer of 0% p.a. fixed interest for six months on purchases of $1,000 or more means there is no interest applied to that purchase for the first six months. If the Smart Rate purchase is not repaid in full prior to the end of the six months, any amount owing will be charged interest at the standard purchase interest rate.

Find out how payments are allocated to your credit card. 

It will continue to show on your statement until the set period ends. Refer to 'Rate Applicable Until' date