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No Annual Fee · New Zealand

ASB Visa Flex

4.6 / 5 editorial rating

Best for: the lowest purchase rate, with no account fee and no offshore margin

Annual feeNo annual fee
IssuerASB
NetworkVisa
Purchase APR9.95% p.a.
Foreign transaction fee0% (no Offshore Service Marg…
Credit neededAged 18 or over, NZ citizen…

Pros

  • Lowest purchase rate of the NZ cards we compare
  • No account fee and no currency conversion margin
  • Cash advances charged at the same 9.95% p.a. rate

Cons

  • Credit limit capped at NZ$4,000
  • No rewards or insurance
  • Requires a regular income over NZ$30,000 a year

Rates and offers change. Confirm today's terms on the issuer's official site before applying. Independent comparison — not financial advice.

The ASB Visa Flex charges 9.95% p.a. on purchases and cash advances, with no account fee and no Offshore Service Margin. The trade-off is a credit limit capped at NZ$4,000.

ASB Visa Flex at a glance

IssuerASB
Card networkVisa
Annual feeNone
Rewards rateNone
Welcome bonusSee issuer for the current offer
Intro APRNone
Regular APR9.95% p.a.
Foreign transaction fee0% (no Offshore Service Margin)
Credit neededAged 18 or over, NZ citizen or permanent resident, regular income over NZ$30,000 a year; limits NZ$500 to NZ$4,000
Best forThe lowest purchase rate, with no account fee and no offshore margin

Key features

  • 9.95% p.a. on purchases and cash advances
  • No account fee, including for joint accounts
  • Up to 55 interest-free days on purchases
  • 0% Offshore Service Margin on foreign currency transactions
  • Credit limit from NZ$500 to NZ$4,000

Pros

  • Lowest purchase rate of the NZ cards we compare
  • No account fee and no currency conversion margin
  • Cash advances charged at the same 9.95% p.a. rate

Cons

  • Credit limit capped at NZ$4,000
  • No rewards or insurance
  • Requires a regular income over NZ$30,000 a year

Before you apply: confirm the current annual fee, interest rate, rewards and eligibility on the issuer's official site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.

Sources: asb.co.nz · asb.co.nz

How it compares with similar New Zealand cards

CardAnnual feeRewardsIntro APRForeign feeCredit neededRating
ASB Visa FlexThe lowest purchase rate, with no account fee and no offshore margin
None None None 0% (no Offshore Service Ma… Aged 18 or over, NZ citizen or… 4.6
Kiwibank Zero VisaA no-fee everyday card with a low rate on purchases and cash advances
None None 1.99% p.a. for 6 months on balances transferred from non-Kiw… See issuer Kiwibank's lending criteria ap… 4.3

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