What is the Offshore Service Margin on my credit card statement?

Last Updated: 06 Apr 2021

An Offshore Service Margin is a fee 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).

We charge Offshore Service Margins of 2.10% of the converted New Zealand dollar amount for overseas transactions using your ASB Visa card.

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