ASB Visa Business Rewards Credit Card

The basics

• Additional cardholders. Supports additional cardholders, but there's an annual fee of $20 p.a. per card. This makes earning True Rewards easier, although it needs to make financial sense in light of the annual fees.
• Digital wallets. This card is compatible with Apple Pay and Google Pay.
• Gambling transactions. Gambling transactions are classified as cash advances, incurring interest immediately.

Rewards and benefits

• Complimentary travel insurance. This card does not come with complimentary international travel insurance coverage.
• Concierge services. The ASB Visa Business Rewards Credit Card does not have a concierge service.
• Insurances. This card does not come with any insurance benefits.
• Rewards points. Earn 1 True Rewards dollar per $100 spent on all purchases made within New Zealand. There is no limit to the number of points earned each month or year. Points do not expire as long as the account remains active and in good standing.
• Sign up bonus. ASB does not offer a sign up bonus for the ASB Visa Business Rewards Credit Card.

Rates and fees

• Annual fee. This card comes with an annual fee of $70 p.a. This is typical for a business credit card with rewards.
• Balance transfers. This credit card offers a 6-month introductory balance transfer with no fees and an interest rate of 0% p.a. When the introductory period ends, any remaining balance will be subject to the standard variable interest rate. This offer is highly unusual for a business credit card.
• Cash advances. Cash advances are charged an interest rate of 22.95% p.a. There is no interest-free period, meaning interest begins to accrue immediately. A one-off fee will also be charged.
• Foreign exchange fee. Purchases made online or overseas in a foreign currency will incur a 2.10% foreign transaction fee.
• Interest-free period. Enjoy up to 50 days of interest-free purchases when you pay your outstanding balance by the due date or meet the minimum payment requirement.
• Purchases. With no introductory offer, all purchases made with this card will be charged interest at 19.95% p.a. This rate is around the average.