Open a New ASB Visa Flex credit Card & Get up to $150 Cashback (3x $50, $0 Fees, Interest Rate of 9.95% p.a) @ ASB

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Open a New ASB Visa Flex credit Card & Get up to $150 Cashback (3x $50, $0 Fees, Interest Rate of 9.95% p.a) @ ASB
Go to Deal
josh009 on 04/09/2024 - 09:16 asb.co.nz (1413 clicks)
Last edited 04/09/2024 - 14:21 by 1 other user

Open a new ASB Visa Flex credit card account by 30 November 2024 and be eligible for the following 3 bonus offers.

  • Receive a bonus $50 cashback when making an eligible purchase of any value with your ASB Visa Flex by 10 December 2024.
  • Receive a bonus $50 cashback when adding your ASB Visa Flex to Apple Pay or Google Pay by 10 December 2024.
  • Receive a bonus $50 cashback when an eligible purchase of any value has been made for the first three consecutive statement periods, and the full statement balance has been repaid in full on or before the statement due date.

Maximum of $150 per ASB Visa Flex credit card account. Maximum $50 per bonus cashback offer.

Eligible purchases do not include cash advances or transactions ASB treats as quasi cash advances. For more info visit https://www.asb.co.nz/credit-cards/cash-advances.html.

No bonus cashback offers are available for product transfers from an existing ASB credit card. ASB staff are ineligible for any of the cashback offers.

Each bonus offer will be credited to your ASB Visa Flex credit card account between 15 December 2024 and 15 April 2025. Your ASB Visa Flex account must be open at the time of any bonus cashback credits. To receive the Apple Pay or Google Pay bonus, your card must still be loaded at time of the cashback credit.

Interest rate on purchases and cash advances of 9.95% p.a. apply. Interest rates may change. Other fees may apply, refer to https://www.asb.co.nz/credit-cards/interest-rates-fees.html for more info.

Also zero fees - that includes no account fee or foreign currency conversion charges (Offshore Service Margin). Really useful when travelling overseas.

Financial Cashback Credit Card

Related Stores

ASB Bank
ASB Bank

Comments

  • jackvdbuk on 04/09/2024 - 09:48
    +3

    0 fee and 150 cashback, what a fantastic deal!

  • Japo32 on 04/09/2024 - 09:58

    what's an eligible purchase though?

    • A-deals on 04/09/2024 - 10:09

      Often it is just non cash withdrawals etc but will see what is said..

    • kyogui on 04/09/2024 - 19:35

      Usually any purchase in store and online.

  • boywithbaggage on 04/09/2024 - 11:07

    Is there any drawback to opening multiple credit cards in terms of how your credit looks for things such as home loans? I’ve got an Amex that I always pay off in full each month, but might get this purely for the freebie.

    • OmgItsHeaven on 04/09/2024 - 12:20
      +2

      I believe it will be seen as a liability valued at whatever the credit limit is, regardless of whether or not you fully repay it or not.

      I'm guessing the idea is that while your card is active and you get a loan, nothing is stopping you from maxing your credit card afterwards and then have difficulty paying it all off.

    • NovaAlpha on 04/09/2024 - 15:16
      +1

      You can always check your credit score for free here:
      https://www.creditcheck.illion.co.nz

      The score don't really mean that much though. It's just a reference for the lenders to check if you have bad history or anything. I mean, as long as your score is above a certain threshold, it should be fine. My score isn't great but that's only because I have several mortgages and 3 credit cards, but I've never had difficulty getting a huge loan approved with any bank.

    • obj on 04/09/2024 - 15:28

      Yes, it will impact on the loan amount you receive, at least it is for me.

      • AleBeerenhoff on 04/09/2024 - 15:42

        yeah this - because there is no way for a lender to predict/know whether you are going to pay off the entire balance (which could be up to the max limit on each card) or not, so the worst is assumed (ie everything is already maxed out).

    • kyogui on 04/09/2024 - 19:36

      Depend on your credit card limit.

    • FrugalFinds on 04/09/2024 - 20:25
      +1

      Confirming what everyone else has said re: it affecting your borrowing capacity.

      I had 4x credit cards/store cards (Q Card), never paid a cent in interest as always paid off in full and made use of interest free periods. Despite this, had to close them all for a mortgage application otherwise it would’ve impacted what’d they’d lend (if only they looked into how I actually used them!).

      Wish I could take advantage of this deal too!

  • obj on 04/09/2024 - 15:27

    dang, even better deal than this - https://www.cheapies.nz/node/43644

    I should have waited, lol.

    • jackvdbuk on 04/09/2024 - 15:50

      Consider getting both? This card has a super small limit min 500.

  • mr-deal on 04/09/2024 - 16:14
    +1

    Interesting, quite similiar to some of the cards Commonwealth Bank (ASB's parent company) offers in Australia.

    Certainly going to disrupt the market.

  • popngood on 04/09/2024 - 16:38

    I see this card doesn't offer any rewards, is it still worth getting just to use it as a debit card?

    • ace310 on 04/09/2024 - 16:45

      I bet most of us here are getting it for the bonus and most likely would cancel it at some point in future later on.

    • FrugalFinds on 04/09/2024 - 20:27
      +1

      I feel like the benefit is the low interest rate. That’s cheaper than some personal loans/car loans.

      If only this one was similar to their Lite card - 6 months interest free on all purchases more than $1000.

  • quote on 04/09/2024 - 17:18

    I had a different asb Visa and decided to swap to this card for the deal, took like 20 seconds through the app.

    Hmmm the number stays the same though so I wonder if I'll get the 50 for adding to google pay as old one was already on it. Guess I'll try removing it and adding it back

    • Amosbosshogdog on 04/09/2024 - 18:46

      Was it a platinum? I tried this and the flex didn't show as an option.

      • quote on 04/09/2024 - 19:19

        Nah was light

    • envy on 04/09/2024 - 19:41

      "No bonus cashback offers are available for product transfers from an existing ASB credit card"

      • quote on 04/09/2024 - 20:56

        Really? Ah that sux.

        • simch on 08/09/2024 - 21:55

          ASB rly trying to get me to product transfer instead of cancelling 😂

      • gkidult on 05/09/2024 - 09:04

        what if i get a 2nd card and keep my existing one? is that consider product transfer?

        • curiousb on 05/09/2024 - 09:48
          +1

          That should work

      • justaddwater on 05/09/2024 - 10:22

        what is a produc transfeR?

        • curiousb on 07/09/2024 - 16:54

          Turning one kind of credit card (e.g. Visa Light) into a different kind of card (e.g. Visa Flex)

      • bilberry on 05/09/2024 - 10:42

        I cancelled my Visa Light and going to apply this card a couple days later. I guess I am eligible for the bonus?

        • curiousb on 07/09/2024 - 16:54

          Yeah should work

  • nzmax on 05/09/2024 - 00:20

    Previously I found it almost impossible to signup to a ASB CC if you are self employed. They want all sorts of information and also your income details for the year, which you often can't provide if your accountant hasn't done this years accounts. IMO it isn't worth the time and hassle for the small amount you get back.

    • justaddwater on 05/09/2024 - 10:23
      +3

      this is not the cheapies way

      • jackvdbuk on 06/09/2024 - 16:55
        +1

        If it takes an hour or so to sort 150 bucks an hour aint bad!

  • holypeaches on 05/09/2024 - 12:59
    +1

    Just looking at this - looks like I can use this instead of the wise card:

    Zero fees - that includes no account fee or foreign currency conversion charges (Offshore Service Margin

  • crimson on 06/09/2024 - 21:43
    +1

    Just tried to apply and after putting in every last detail they need it said this service is currently unavailable and to try again later.

    But my details are all still there, so that's something at least.

    • simch on 07/09/2024 - 15:41
      +1

      I got that too. Thought it was just me!

      • crimson on 09/09/2024 - 12:04

        I had another look an ended up calling ASB - it's not the system being down but a validation problem with the form.

        They're gonna call me back and advise how I apply

        • snofil on 11/09/2024 - 11:13

          How did you go? Considering signing up but this sounds a bit painful.

          • Moodkiller on 11/09/2024 - 13:52

            @snofil: You can apply via the App once you have your account setup - that was painless

          • crimson on 11/09/2024 - 17:54
            +1

            @snofil: Still waiting for them to call me. The app has the same issue

            • justaddwater on 11/09/2024 - 19:00

              @crimson: They called me very quick. Like next day

            • crimson on 12/09/2024 - 16:56
              +1

              @crimson: Called again, got booked for an appointment for someone to call me next week and discuss

  • Hungryhippo on 19/09/2024 - 16:35

    sorry guys what does this mean?

    Receive a bonus $50 cashback when an eligible purchase of any value has been made for the first three consecutive statement periods, and the full statement balance has been repaid in full on or before the statement due date.

    what is statement period

    • justaddwater on 19/09/2024 - 17:48
      +3

      When you sign up you will get asked what date you want the statement to be.

      Every month you get a statement from asb. That's a statement period

  • looseleaf on 22/09/2024 - 11:44

    Holy hell the amount of extra information you need to provide. It was like I had my own personal banker calling me every day to ask me more questions. He was a nice guy but 4x phone calls (one a day) was a bit much. Be prepared to send in 3 months bank statements and then be quizzed on all the transactions.

    • simch on 22/09/2024 - 18:33

      quite standard since CCCFA from memory. I've never gotten quizzed much though, likely as all my spending is on american express, which don't seem to show up on most credit check providers that banks use.

    • chiwilad on 01/11/2024 - 17:19

      I get frustrated when I’m declined because I’m good with money and have a good credit score.

    • etcode on 20/11/2024 - 13:21

      Sheesh, I am going through this myself right now.

      Not only do I have to provide 3 months bank statements/payslips, but also a statement per tranche of my home loan, including the the tranches that have been fully paid off and are no longer available to me via the web portal.

      All for a card with a $500 limit.

      Approaching the point of not worth it haha.

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