What is a balance transfer?
Last Updated: 24 Mar 2026
A balance transfer is when you move the balance you owe from another credit or store card to your ASB Visa credit card.
This includes credit or store cards from other banks or providers, such as Visa, Mastercard, American Express, Gem by Latitude, or Purple Visa Card.
It may help if you want to pay down credit card debt or avoid paying higher interest interest elsewhere.
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No, if you wish to close your bank/store card you will need to contact them yourself.
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No, we will only transfer an amount equal to or less than 90% of your available credit limit.