asb bank credit card guide for new users

If you're new to ASB Bank credit cards, don't worry, this guide is here to get you started.

ASB Bank offers a range of credit cards to suit different needs and preferences.

To apply for an ASB Bank credit card, you'll need to meet their eligibility criteria, which includes being a New Zealand resident and having a good credit history.

You can apply online, over the phone, or in person at an ASB Bank branch.

For another approach, see: State Bank of India Credit Card Apply

If you're looking for a credit card that rewards you for your everyday spending, the ASB Visa Platinum Rewards is a great option. You can choose between earning True Rewards dollars or Everyday Rewards points, and with 1 True Rewards dollar for every $100 spent, you can rack up the rewards quickly.

One of the best features of the ASB Visa Platinum Rewards is the flexibility to use your True Rewards dollars like real dollars at ASB partner stores. This means you can use them to buy things you need or want, just like you would with cash. And if you want to give back, you can even use your True Rewards dollars to boost someone else's ASB KiwiSaver scheme.

Here are the key features of the ASB Visa Platinum Rewards at a glance:

The ASB Visa Light is a great option for those who want a low-maintenance credit card with no annual account fee. This card is perfect for everyday purchases.

With a purchase interest rate of 13.50% p.a., it's essential to pay off your balance in full each month to avoid interest charges. This rate is relatively high, so be mindful of your spending habits.

One of the standout features of the ASB Visa Light is its balance transfer offer of 0% p.a. for the first six months. This can be a great opportunity to consolidate debt or transfer high-interest balances to a lower rate.

The card also offers up to 55 days interest-free on purchases, giving you some flexibility with your payments. Just be sure to pay off your balance before the interest-free period ends.

Here are some key details about the ASB Visa Light at a glance:

The ASB Visa Platinum Rewards credit card offers a higher earning rate of 1 True Rewards dollar for every $100 spent, compared to the ASB Visa Rewards card which earns 1 True Rewards dollar for every $150 spent.

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The annual fee for the ASB Visa Platinum Rewards card is $80, which is higher than the $40 annual fee for the ASB Visa Rewards card.

The ASB Visa Platinum Rewards card has a higher joint account fee of $55 p.a (per person), compared to the $26 p.a. (per person) joint account fee for the ASB Visa Rewards card.

The purchase interest rate for the ASB Visa Platinum Rewards card is 19.95% p.a., which is lower than the 20.95% p.a. purchase interest rate for the ASB Visa Rewards card.

Here's a comparison of the two cards:

The ASB Visa Platinum Rewards card also offers a balance transfer option of 0% p.a. for the first six months, which can be a useful feature for those looking to consolidate debt.

You can use your ASB Visa card to make payments with just the touch of your finger, thanks to mobile wallet technology.

Linking your ASB Visa card to your smartphone is a convenient way to process transactions securely without revealing your card number.

With mobile wallet, you can make payments on-the-go, making it a great option for daily purchases.

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If you're in the market for a new credit card, it's hard to know which one is right for you, but at American Savings Bank, we can help you make an informed decision.

American Savings Bank offers a variety of credit cards to choose from, so take some time to think about what you're looking for in a credit card.

Understanding the basics of credit cards is essential for making the most out of your ASB Bank credit card.

Interest rates on credit cards can range from 15.95% to 23.95% per annum, depending on the type of card and your credit history.

To avoid paying interest, make sure to pay your balance in full each month.

Credit limits are determined by ASB Bank based on your credit history and income, and can range from $1,000 to $20,000.

Discover more: Synchrony Bank Credit Card Interest Rate

Credit cards and debit cards often look alike, but they serve different purposes.

Credit cards are not linked to your bank account like debit cards are, which means you can't overspend your own money.

You can't spend more than what you have in your account with a debit card, but credit cards allow you to make purchases even if you don't have enough cash on hand.

Take a look at this: M&t Bank Secured Credit Card

Carrying a balance on your credit card can lead to paying more in interest than you earn in rewards.

Interest rates on credit cards can be quite high, especially on cash advances.

If you tend to carry a balance, the interest you pay will likely negate the value of any rewards you earn.

Paying off your balance in full each month is key to avoiding this problem.

This is why cards that offer rewards tend to suit people who are disciplined about paying their balance on time.

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