ASB Visa Business Rewards Credit Card

Roland Bleyer

Credit Card Expert with over 15 years card experience and the founder of Creditcard.co.nz. Ask Roland a Question about this card.

The ASB Visa Business Rewards Card

Keeping its focus on rewards, the ASB Visa Business Rewards Card is a no frills business card that allows accountholders to earn True Rewards dollars on business spending. There is no cap on the amount of points earned, and accountholders can choose to switch between the True Rewards and AA Smartfuel programmes at any time.

• Earn 1 True Rewards dollar for every $100 spent on purchases
• No cap on earn rate
• Option to switch to earn on AA Smartfuel programme
• Up to four cardholders on one account
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• 0% p.a. on balance transfers for six months
• Up to 50 days interest free on purchases
• Tools to manage cards and track spending

What we love...

The ASB Visa Business Rewards Card is a simple business credit card that allows accountholders to earn rewards on their business spend. With an earn rate of 1 True Rewards dollar for every $100 spent on eligible purchases, the card features no points capping, and allows for up to four cardholders on one account, helping to boost the overall points earn.

The True Rewards programme is flexible, with plenty of redemption options to choose from. Each True Rewards dollar equals NZD $1, which can be redeemed for flights (any airline, any seat, any destination), accommodation, car hire and other travel arrangements at House of Travel.

There is also the option to redeem points online at the True Rewards store, choosing between a wide range of merchandise and gift cards. Alternatively, members can use their True Rewards card like an EFTPOS card when shopping in-store at programme partners (some partners also allow for online purchases as well). Shopping at bonus partners boosts points earn by 2x.

Members can also choose to donate to a range of charities within the programme, transfer points to an ASB savings account, or gift their points to another member. Another option allows cardholders to switch their points earning to the AA Smartfuel programme, providing them savings on fuel.

What’s not so great...

The main thing to note on the ASB Visa Business Rewards Card is its interest rate. Both its purchase rate and cash advance rate are relatively high, so the card may not suit accountholders who carry a balance month to month. To enjoy the full benefit of the rewards on offer, it’s best to clear the balance by the due date to avoid interest accruing.

Why should you choose this card?

If you are looking for a no frills business card that allows you to earn points on a flexible rewards programme, the ASB Visa Business Rewards Card may be the card for you. Aimed at SMEs, the card allows up to four cardholders under one credit limit (each with individual card limits), providing those who need it with access to credit for business spending.

Obviously, it allows you to separate business and personal expenses, while also providing an easy way to track your business spending. You can track spending in real-time using the app, and at the end of each month, you’ll receive an individual statement for each cardholder and a consolidated report.

You can download your transactions and statements and share these with your accountant, or integrate them with accountancy software like Xero. With ASB Card Control, you control each card in real-time, so you can put a temporary lock on a card, set a spending limit, turn on/off ATM cash withdrawals and more.

In terms of managing cash flow, this becomes much easier thanks to the card’s interest free period, providing up to 50 days interest free on purchases. Also on offer is compatibility with Apple Pay, Google Pay, Fitbit Pay and Garmin Pay, and 0% p.a. on balance transfers for six months, which reverts to the card’s purchase rate.

Overall Rating

Offering access to ASB’s flexible True Rewards programme, the ASB Visa Business Rewards Card is a basic business card that provides up to 50 days interest free on purchases, easy card control and spend tracking, plus 0% p.a. on balance transfers for six months.