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ASB Visa Platinum Rewards Credit Card: 300 Bonus True Rewards Dollars and No Card Account Fee for 12 Months

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ASB Visa Platinum Rewards Credit Card: 300 Bonus True Rewards Dollars and No Card Account Fee for 12 Months
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gooddeals on 18/02/2022 - 22:07 asb.co.nz (1205 clicks)

ASB Visa Platinum Rewards Credit Card: 300 Bonus True Rewards Dollars and No Card Account Fee for 12 Months on new application:

Or ASB Visa Rewards: Open a new ASB Visa Rewards credit card and get 200 bonus True Rewards dollars PLUS no card account fee for 12 months

Open a new ASB Visa Platinum Rewards credit card account by 31 March 2022 and get a 12 month card account fee waiver. Also, get 300 bonus True Rewards dollars when you spend $3,000 on eligible purchases within 6 months of account opening date. Bonus True Rewards dollars paid by 31 October 2022, credit card account must be open at time of bonus credit. AA Smartfuel is not eligible for the bonus offer.

Not available for customers who hold or have held an ASB Visa Platinum Rewards credit card account in the past 12 months, transfers from an existing ASB credit card, new ASB Visa Business Rewards or in combination with any other offers.

After 12 months the standard account fee, currently $40 for an individual or $55 for a joint account every six months will apply.

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closed Comments

  • justaddwater on 18/02/2022 - 23:44
    +1

    What's the minimum salary to be eligible for platinum?

    • TSUKE on 19/02/2022 - 00:56

      I don't know much about banking, but I'd assume its a case by case basis. Someone who constantly goes into overdraft at 80k would have less chance than someone who has never at 60k. It all depends on the person processing your order about whether to approve or not.

      • Saint on 19/02/2022 - 01:05
        +2

        What if you are on the benefit?

        • Ecmems on 19/02/2022 - 05:23
          +1

          Asking the real questions.

        • cappylemmy on 19/02/2022 - 05:45

          Majority of providers don’t mind as it’s seen as a steady source of income - provided you can service the debt and your overall assessment is within their lending criteria.

        • Didntknowya on 19/02/2022 - 11:35

          they'll lend to most except if you're bankrupt but prob a low credit limit.

    • cappylemmy on 19/02/2022 - 05:43

      Varies per person. Approval is based on your overall financial situation, including income, liabilities, outgoings, ability to service debt, financial history, good credit performance and affordability.

    • CarolineZ on 19/02/2022 - 08:49
      +3

      This is one of the questions on the appliation form.

      Do you earn $30,000 or more per year before tax?

  • cruelsummer2 on 19/02/2022 - 03:56
    +1

    Nice. I do have an ASB Visa Light credit card at the moment, so thinking to balance transfer to Farmers Mastercard and get the $200, and then switch back to ASB by taking the True Rewards card and get the 300 True Rewards dollars. This should work eh?

    • gooddeals on 19/02/2022 - 09:44

      Yes this may work. Or you could also apply for the platinum card direct. But check if asb first to make sure you are eligible for bonus and free fees before applying. And make sure you do not do balance transfer between asb cards as this will void the bonus rewards etc.

  • Tmurder91 on 19/02/2022 - 07:07

    Anyone had any luck getting a promotion like this as an exisiting platinum card holder?

    • zqsn on 19/02/2022 - 09:57

      Perhaps could call up and ask if there is anything they could offer? Amex offers retention when you say you want to cancel their cards

      • BananaMeadow on 19/02/2022 - 20:05

        do you know if Amex offers retention if you wanna cancel nearly after a year?

        • Monyet on 19/02/2022 - 20:12

          They offered me 300 airpoints when I wanted to cancel my Amex airpoints platinum.

    • Juju123 on 19/02/2022 - 15:57

      Yeah annoying as I'm already a platinum card holder but not getting any rewards

  • turtleattacks on 19/02/2022 - 07:26

    What's 300 points worth? $300?

    • phillq on 19/02/2022 - 07:41

      They aren’t points. They are dollars. One for one dollar.

    • Daverino on 19/02/2022 - 07:44
      +1

      Yes, looks like one point is one dollar. But the catch is you can only spend these at certain stores. Not a bad range of places (Farmers, Mitre 10, Noel Leeming, Rebel, etc.) but worth knowing. Full list of places is here https://www.truerewards.co.nz/partner_stores

      • dealhunter on 19/02/2022 - 09:49

        True rewards can be redeemed 1:1 into kiwisaver also

      • phillq on 19/02/2022 - 14:09

        It's better to redeem for gift cards which is a larger variety of stores.

  • gooddeals on 19/02/2022 - 08:50
    +2

    True rewards are much easier to use than airpoints for everyday expenses since you can use in BP as well as other partners store.

    Also a list of gift card options to expand your options like briscoes and Bunnings.
    https://www.truerewards.co.nz/giftcards/all

    • dealhunter on 19/02/2022 - 09:51

      And you get a True Rewards card which you can use like a credit card in store to use your rewards

  • denverthedinosaur on 19/02/2022 - 09:39

    Anyone know if you can cancel the card prior to the annual fee being applied?

  • gooddeals on 19/02/2022 - 09:42
    +3

    Yes. You should get your bonus true reward dollars within 6 months and you have to cancel before the annual fee before 12 month is due if you like to avoid the annual fee.

    • denverthedinosaur on 19/02/2022 - 10:04

      Thanks man!

    • justaddwater on 19/02/2022 - 12:46

      if you cancel the cards, do the points expire? or still usable?

      • phillq on 19/02/2022 - 14:10

        They will expire in time, how long? Not 100% sure.

        • gooddeals on 19/02/2022 - 15:40
          +1

          Do True Rewards dollars expire?
          True Rewards dollars will expire once they reach the 5th year from when they were earned. As True Rewards dollars are redeemed, the oldest ones will be used first.

          https://www.asb.co.nz/banking-with-asb/true-rewards.html

          do note they will expire immediate as soon as you cancel your card, see my other comment. (so use them up before cancelling cards.

      • gooddeals on 19/02/2022 - 14:20
        +1

        If you cancel your card. All your true reward points expire immediately. So need to spend all reward points first e.g. Buy a BP gift card at BP to use later if you need fuel regularly.

  • metalmickey on 19/02/2022 - 11:19
    -1

    Applied 8th of Feb haven't got anything back yet…. Not sure it's just me or they've been busy.

    • gooddeals on 19/02/2022 - 12:26

      I applied online and got my card approved within 2 days. Worth following up with them. May need you to submit payslips etc if you do not deposit your salary into your account etc..

      • metalmickey on 19/02/2022 - 15:37

        Yeah I did ask them this Wednesday and they say someone will follow up(noone reach out yet). I can also see they checked my credit score on the same day I applied. Don't know… Maybe too busy. I will check again next week. Thanks for the Intel😄

      • Matthew F on 28/03/2022 - 15:06

        Did you get approved without them calling you? (and also I take it because you have your salary coming into ASB)

  • Rowjo on 19/02/2022 - 14:42
    +3

    https://www.asb.co.nz/bank-accounts/graduate.html#terms-and-…
    Found this as well - $100 if you're aged 18-24 and graduated (NZQA institute or apprenticeship) within the last two years

  • wigglywormnz on 19/02/2022 - 17:07

    Any idea what '$3000 eligible purchases' actually are? Is it certain stores? Certain purchases?

    • huffboy on 19/02/2022 - 17:12

      "Spend criteria applies to purchases for goods and services only and excludes cash advances or transactions treated by ASB as quasi cash advances"

      Usually gambling, ATM withdrawals are excluded.

  • roshanNZ on 20/02/2022 - 23:29

    Do you have to be open a ASB account first before applying for the card? Clicking on the apply now goes to account opening links?

    • gooddeals on 21/02/2022 - 19:13

      I have existing accounts with asb. So not 100% sure. It would appear so with the online application process to open a bank account first. You can apply a free transaction account like streamline account first.

  • nzmax on 23/02/2022 - 14:47

    When I went through the process I found they need a lot of your financial details. Pretty much want to know everything about your finances and assets you own, our expenses. Far far more than when applying for other cards with other CC providers. It was more like applying for a mortgage.

    • gooddeals on 23/02/2022 - 18:38

      This may be related to new credit requirements by the new govt rules.. I think the process is much easier than westpac though. So all relative.. From memory kiwibank had the easiest process but that was before new govt rules.

      • nzmax on 23/02/2022 - 23:40
        +2

        Very likely it is the CCCFA. I applied for a mastercard last year via another financial institution, and they hardly wanted any info and it was just a 5 minute form to fill in.

      • AleBeerenhoff on 24/02/2022 - 07:40

        Yeah indeed, its the new legislation they need to abide by. I wanted to extend an overdraft by a couple of grand and would need to go through all the financial questions as though it was an entire new loan; 3 years ago I extended it by almost 100k (!?!?!!) to cover something at the time and was able to do that over the phone with no questions…lol….times have changed!

    • huffboy on 30/03/2022 - 01:02

      me and my partner applied… I had a 5 min call. she had 45 min call asking for everything.
      we share finances and pretty much earn the same.

      • nzmax on 01/04/2022 - 14:41
        +1

        I was asked to send them all these documents and things from the IRD with IRD letterhead on it. I just gave up as I didn't have all the information they wanted and would need to contact the IRD for it. IT was far too intrusive and I don't want the bank knowing all of my details like that, especially when I have banked with them for two decades.

        • Superpower21 on 01/04/2022 - 16:06

          Same when we applied in 2020, they wanted so many things from us.

  • HappyChipMonk on 28/03/2022 - 15:35
    +1

    It’s tough to get a card. 100k plus and couldn’t get either versions. I guess the mortgage sets me back

    • gooddeals on 29/03/2022 - 23:50

      this may be related to the new govt regulations rather than the bank itself?

  • Bill on 30/03/2022 - 00:08

    Was at the bank today due to an atm malfunction while depositing yesterday. Tried to deposit the remaining 5k at the counter from yesterday and was told by the bank clerk to not deposit more than 2k because the new rules mean they now might flag my account for it.

    • nzmax on 05/04/2022 - 18:38

      It is crazy some of these intrusive new laws that are coming in. It is almost like people can't be trusted so that tar everyone with the same brush.

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