Point Hacks Credit Card Guide

Guide to the ASB Visa Rewards card

The ASB Visa Rewards - 1 True Rewards dollar for every $150 spent

The ASB Visa Rewards credit card is an entry-level card that has the ability to earn True Rewards on spend, uncapped. It also comes with 0% p.a. on balance transfers.

  • $0 annual card fee for the first year
  • Earn 1 True Rewards dollar for every $150 you spend
  • No cap on earn rate
  • 0% p.a. on balance transfers for the first 6 months
  • Offer not available for transfers from an existing ASB credit card account. Offer only available once per customer (not available on multiple cards). Offer not available in conjunction with other credit card offers or package discounts
  • Annual Fee: $20 half-yearly ongoing

Find out more or apply →

Point Hacks do not earn commission on this card. More about this →

The ASB Visa Rewards earns 1 True Rewards dollar for every $150 spent. True Rewards dollars can be redeemed towards seats with any airline at House of Travel.

Digging into the benefits of the ASB Visa Rewards credit card

ASB Visa Rewards is an introductory credit card for those looking to earn True Rewards dollars from everyday spend.

Card Details

CardASB Visa Rewards
Loyalty ProgrammeTrue Rewards
Points earned from spend1 True Rewards dollars earned per $150 spend on eligible purchases
Points capNone
Travel benefitsNone
Included insurancesNone
Interest free daysStatement cycle
Foreign currency fee2.1% of the converted amount
Annual fee$20 half-yearly
Joint account fee$13 half-yearly per person
Additional card fee$6 half-yearly per card

Earning True Rewards dollars from spend with the ASB Visa Rewards

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

You will earn 1 True Rewards dollar for every $150 spent on the card in NZ dollars, being an earn rate of 0.006 True Rewards dollars per dollar spent.

This is an effective 0.6% 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 Rewards at select retailers.

Currently, you can earn 2x True Rewards dollars every time you use your ASB Visa 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 $150 on this card, you would receive either $1 worth of True Rewards, or 2 cents off per litre up to 50 litres of fuel at BP/Caltex, which is still equal to a max of $1.
  • 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.

Visa Travel Benefits

ASB Visa Rewards Card Members will have access to an assortment of other Visa offers + perks, including 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 Rewards

The ASB Visa Rewards is a no-frills entry-level 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 Rewards card was last modified: April 3rd, 2019 by Daniel Kinnoch

Jump back up to offer ↑

Point Hacks Credit Card Information

Point Hacks is published by Point Hacks Australia PTY LTD. In some instances, Newformula Media receives a commission or benefit for referring you to the services of a bank / credit provider. This commission or benefit is disclosed at the point of referral to the credit provider. This website does not provide credit or advise you to apply for credit assistance from any particular provider.

We have not taken into consideration your circumstances or financial situation when providing the information on this website. It is important you read the relevant PDS from the product issuer and seek the independent advice of an appropriately qualified professional before making a decision on a product.

While we invest a great deal of time and energy into ensuring we provide with you with the most up to date and accurate information, we do not warrant the accuracy of statements or information contained on the Website relating to third party goods and services, including credit card information, loyalty schemes and rewards. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability arising from any person acting on those statements or information to the fullest extent permitted by law. Where conditions or warranties are implied by law and cannot be excluded, our liability will be limited to the re-supply of information. You should confirm the accuracy of information provided on this Website with the third party product provider before acting on it.

Comments Expand Comments

No comments for this post yet.

Leave a Reply