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ASB Visa Light

ASB Visa Light has no account fee and our lowest interest rate on purchases

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Benefits at a glance

  • No account fee.
    Ever.
  • Control your credit card transactions giving you extra security in real time with ASB Card Control
  • Our lowest ongoing purchase interest rate
  • Our new Smart Rate purchase feature, currently 0% p.a. fixed for six months on any purchase of $1,000 or more

Is it right for me?

An ASB Visa Light could be a great option if you don’t want to pay an account fee and don’t pay off your credit card every month. Plus with our new Smart Rate purchase feature, if life either delights or surprises, ASB Visa Light will give you a little extra time to pay back.

Key features

What is Smart Rate and how does it work?

Smart Rate is our new purchase rate offer which combines a special fixed interest rate, for a set period of time, when you spend a certain amount on a single purchase. Then after the offer period, the standard low Visa Light purchase interest rate is applied to any remaining balance.

Although our 'Smart Rate' is a permanent feature of ASB Visa Light – the fixed interest rate, period of time and purchase amount can be updated at any time – so make sure you keep an eye on what our current offer is here .

It's important to keep in mind that the Smart Rate can only be applied to single purchases and excludes other transaction types like cash advances and transactions equivalent to a cash advance - including buying foreign cash, traveller's cheques, casino chips etc.

How do I keep track of my Smart Rate purchases?

It’s easy to keep track of your Smart Rate purchases, as they’ll be detailed out in your monthly credit card statement. You’ll be able to see the start date, promotional interest rate, end date, purchase amount and the amount left to pay – for each individual purchase eligible for Smart Rate.

Note: You will only be able to keep track using your paper statement, or the PDF equivalent (which can be found in your Document Centre within FastNet Classic internet banking). It is not available anywhere else in FastNet Classic or ASB Mobile.

Remember to make sure you 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.

Do I get these new benefits if I already
have a Visa Low Rate?

If you have a Visa Low Rate, you automatically get these benefits applied to your existing Visa Low Rate card, and you don’t need the new card design to enjoy the benefits of ASB Visa Light.

If you would like the new Visa Light card design before your card is due to be reissued – you can cancel and replace your existing Visa Low Rate card through FastNet Classic internet banking or the ASB Mobile app – however a $10 replacement card fee will apply.

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Get more with ASB

Control your Visa with ASB Card Control

With ASB Card Control you call the shots from your mobile phone. Put a temporary lock on your card, set a spending limit, turn on/off ATM cash withdrawals and much more. And the great thing is, everything happens instantly.

Clever ways to pay for your purchases

Swipe or wave your card over the terminal in-store, or use it to shop online. Innovations like ASB PayTag and Virtual also transform your mobile phone into a credit card, giving you more ways to pay on the go.

Exclusive offers through Visa Entertainment

Through Visa Entertainment your card gives you access to exclusive ticket pre-sales, special discounts and competitions from some of the world’s greatest entertainment brands.

Rates and fees

Purchase interest rate

p.a.

Cash advance interest rate

p.a.

Smart Rate purchases*

(Fixed interest for 6 months on any purchase $1,000 or more)

p.a.

Balance transfer interest rate

(Fixed for 6 months)

p.a.

Individual account fee

(Every 6 months)

Joint account fee (per person)

(Every 6 months)

Additional card fee (per card)

(Every 6 months)

  • *The details of the above Smart Rate Purchase offer (e.g. 0% p.a., $1,000 purchase amount and the 6 month set period) are subject to change. After the 6 month period, any outstanding balance will be charged at the Visa Light purchase interest rate.
  • Interest rates are subject to change. 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 the transfer. Any outstanding balance at the end of this period will be charged at the applicable standard purchase rate. Terms apply.
  • Please refer to the Credit Card rates and fees for other applicable fees. Fees subject to change.
  • You must make a minimum payment by the due date every month as shown on your monthly statement. A late payment fee of $15.00 will apply if you do not make the minimum payment due.
  • If you exceed your credit card limit we can charge an over limit fee of $20.00.

Apply for an ASB Visa Light Credit Card

Apply online

Ready for the next step? Get started today.

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Visit a branch

Visit us at one of our many branches across New Zealand.

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ASB Visa Rewards

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The standard purchase interest rate applies to Smart Rate Purchases after the specified promotional period. Smart Rate Purchase offers are subject to change, only apply to the purchase of goods or services and exclude cash advances. All rates are subject to change. ASB's lending criteria, terms and Credit Card Conditions of Use apply.

Credit Cards ASB Visa Light