Point Hacks Credit Card Guide

Guide to the ASB Visa Platinum Rewards – earning True Rewards dollars from everyday spend

The ASB Visa Platinum Rewards is the highest earning True Rewards credit card, and comes with free travel insurance cover, and 0% p.a. interest on balance transfers for the first six months.

There is also a $0 first year annual card fee offer for the entry-level ASB Visa Rewards until 31 March 2019.

Digging into the benefits of the ASB Visa Platinum Rewards credit card

ASB Visa Platinum Rewards is a mid-range credit card for those looking to earn True Rewards dollars from everyday spend. True Rewards dollars can be redeemed towards flights with House of Travel.

Card Details

CardASB Visa Platinum Rewards
Loyalty ProgrammeTrue Rewards
Points earned from spend1 True Rewards dollars earned per $100 spend on eligible purchases
Points capNone
Travel benefitsVisa Platinum Concierge
Platinum Travel Offers
Visa Luxury Hotel Collection
Included insurances
(see PDS)
Travel insurance for up to 90 days, including medical emergency expense cover, accidental death and disablement cover, travel cancellation cover, baggage/money/documentation cover, transport accident cover, and rental vehicle excess cover
Interest free daysStatement cycle
Foreign currecny fee2.1% of the converted amount
Annual fee$40 half-yearly
Joint account fee$27.50 half-yearly per person
Additional card fee$15 half-yearly per card

Earning True Rewards dollars from spend with the ASB Visa Platinum Rewards

With the ASB Visa Platinum Rewards, there is no points cap on what you can earn.

You will earn 1 True Rewards dollar for every $100 spent on the card in NZ dollars, being an earn rate of 0.01 True Rewards dollars per dollar spent.

This is an effective 1% cashback on everyday spend, based on each True Rewards dollar being worth $1 when redeemed towards flights or credit at participating retailers.

What is True Rewards?

True Rewards is the ASB points programme.

True Rewards dollars are equal to $1 of flight credit when redeemed at House of Travel.

This is similar to Air New Zealand Airpoints programme, but with the added benefit of being able to redeem towards seats on any airline.

True Rewards dollars can also be redeemed like cash at partner stores like Mobil, Farmers, Hoyts, and Noel Leeming, among many others.

You could also:

Bonus Partners

ASB offer the chance to earn bonus True Rewards dollars when you use your ASB Visa Platinum Rewards at select retailers.

Currently, you can earn 2x True Rewards dollars every time you use your ASB Visa Platinum Rewards when you order online (or in store) from Città or the Fine Wine Delivery Co.

Visit this page to see where you can get bonus rewards.

But what about AA Smartfuel?

ASB now allow you to choose between earning True Rewards dollars or AA Smartfuel discounts on your everyday purchases.

We recommend that you stick with True Rewards for the following reasons:

  • The effective cashback on spend is the same. E.g. if you spent $200 on this card, you would receive either $2 worth of True Rewards, or 4 cents off per litre up to 50 litres of fuel at BP/Caltex, which is still equal to a max of $2.
  • True Rewards Dollars can already be redeemed in-store at BP.
  • You can redeem your True Rewards Dollars at a range of partner stores, including on travel. AA Smartfuel discounts can only be redeemed on fuel at BP & Caltex.
  • AA Smartfuel discounts expire at the end of the next calendar month after they are earned.

Eligible transactions

You will earn True Rewards dollars on all spend, except cash withdrawals, payments for cash-equivalents like money orders and gambling chips, and any business-related purchases.

There is no exclusion for government-related spend, so you should be able to pay taxes and other government fees and continue to earn True Rewards dollars.

Travel Insurance

The ASB Visa Platinum Rewards gives you access to up to 90 days of travel insurance cover, including for:

  • Medical and emergency evacuation expenses
  • Cancellation and changes to your trip due to an unexpected event
  • Lost or stolen luggage, including luggage delays of 12 hours or more
  • Accidental death or personal injury
  • Schedule transport accidents
  • Personal liability
  • Kidman and ransom
  • Rental vehicle excess cover

For more information on the cover above, be sure to read the PDS here (for travel after 1 April 2018). This is an important document to consider if you intend on relying on this cover to make sure they work for you.

This guide references some of the benefits of insurance policies provided with this credit card.

You should read the PDS and obtain independent professional advice before obtaining this product.

Visa Platinum Concierge and Travel Benefits

ASB Visa Platinum Rewards Card Members will gain access to the Visa Platinum Concierge service, useful for arranging restaurant or ticket reservations. You will also have access to an assortment of other Visa Platinum benefits, offering exclusive travel and dining experiences across the globe.

ASB Apple Pay and Google Pay support

ASB cards support Apple Pay, meaning you can use this card on your Apple smartphone for easier payments.

If you have an Android smartphone, you will have access to ASB Virtual. This is a digital version of your ASB card and is loaded in your ASB Mobile app.

ASB customers can also use Fitbit Pay and Garmin Pay.

Summing up: ASB Visa Platinum Rewards

The ASB Visa Platinum Rewards is a no-frills platinum credit card that offers the ability to earn True Rewards dollars from everyday spend.

All things being equal, the True Rewards programme is competitive with Air New Zealand Airpoints, as the points are flexible and can be redeemed via House of Travel for seats on any airline.

You can also effectively use True Rewards dollars as a form of ‘cashback’ for spend at participating stores.

However, if you earn Airpoints Dollars from travel and other sources, True Rewards dollars may be less valuable than if you focused on earning points with only one programme.

Guide to the ASB Visa Platinum Rewards – earning True Rewards dollars from everyday spend was last modified: March 7th, 2019 by Daniel Kinnoch

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