Zero Interest Balance Transfers

Transfers can be made from most non-ASB New Zealand credit cards issued by Visa, MasterCard, American Express, Diners Club, GEM by Latitude, Q Card, Farmers Finance Card, Purple Visa Card and Flight Centre Mastercard.

A balance can be transferred to an ASB Visa Light, ASB Visa Rewards, ASB Visa Platinum Rewards or ASB Visa Business Rewards credit card.

You can transfer up to 90% of your available credit card limit up to $20,000 for each transfer. Customers can do two balance transfers per calendar year.

No, there is no fee to transfer your balance. However, credit card fees may apply. Find out more about our rates and fees here.

When the fixed 0% p.a. special offer ends after 6 months, any remaining balance transferred will attract the standard purchase interest rate for your card type.

If you want to close the card you have transferred a balance from, you’ll need to contact the card issuer directly.

When making repayments ASB applies your payment to the expenses that might attract a higher interest rate before expenses on a lower interest rate. Cash advances and purchases (other than Smart Rate purchases for Visa Light) are paid before balance transfers and Smart Rate purchases.