ASB Visa Business Credit Card

ASB Visa Business Credit Card

Highlights

  • Enjoy up to 50 interest-free days on purchases.
  • Get consolidated monthly reporting.
  • Additional cards have individual credit limits.
  • Monitor employee transactions anytime using FastNet Business.

Pros and cons

Pros

  • Easily set up cards for staff with individual credit limits.
  • Up to 50 days interest-free on purchases.
  • Ability to control company cards in real-time.
  • $30 annual fee per card.

Cons

  • The $30 p.a. annual fee per card soon adds up.
  • The cash advance interest rate of 22.95% p.a.
  • Doesn't earn rewards.
  • No travel benefits or insurance.

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The basics

  • Additional cardholders. Decide how many business credit cards your company will need. Each card costs $30 p.a. Set individual credit limits per additional card.
  • Digital wallets. ASB Visa Business Credit Card is compatible with Apple Pay and Google Pay.
  • Gambling transactions. ASb treat gambling-related transactions as cash advances.

Rewards and benefits

  • Complimentary travel insurance. This card does not include complimentary international travel insurance coverage.
  • Concierge services. The ASB Visa Business Credit Card does not come with a concierge service.
  • Insurances. This card does not offer complimentary insurance.
  • Rewards points. This credit card does not have a rewards program.
  • Sign-up bonus. ASB does not offer any sign-up bonus for this card.

Rates and fees

  • Annual fee. The ongoing annual fee for this card is $30 p.a.
  • Balance transfers. There is no introductory balance transfer offer, typical of most business credit cards.
  • Cash advances. It's 22.95% p.a. for cash advances with interest accruing immediately. ASB will charge a one-off fee in addition.
  • Foreign exchange fee. All online or overseas transactions in a foreign currency will incur a 2.10% fee.
  • Interest-free period. ASB provides up to 50 days interest-free on purchases when you make the required minimum payments or pay off your balance in full.
  • Purchases. There is no introductory offer on purchases. The standard ongoing rate for purchases will apply, which is 20.95% p.a.

Nilooka Dissanayake

Reviewed by Nilooka Dissanayake

Writer

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