SBS Credit Card
SBS pride themselves on being more than just a bank, and they believe that they have a duty to help the wider community. With over 150 years of banking and finance experience, they are dedicated to being a good corporate citizen by putting people first and building good relationships with their customers. Their banking and financial offers center on making Kiwi lives better and more convenient.
SBS offer a credit card that enhances the shopping experience of everyday New Zealanders. The SBS Credit Card has been hailed as one of the best value credit cards in New Zealand, as it provides low fees, a fair interest rate, competitive rewards, and topnotch security with every transaction. The purpose of a SBS Visa Credit Card is to make life simpler by letting you shop anywhere, in-store and online, wherever Visa is accepted.
If you want to find out if getting a SBS Credit Card is the best option for you, use our comparison tool and see how it fares against other offers.
Make the most out of your shopping experience and sign up for a SBS Visa Credit Card!
Why sign-up for a SBS Credit Card?
SBS Credit Cards don’t charge an annual fee or a rewards fee. You also won’t be charged any interest for 55 days when you pay off your full balance each month. This gives you a huge advantage when you’re on a tight budget but still want to maximise the perks of a credit card. After all, shopping should be an enjoyable and not a stressful experience, and a SBS Visa Credit Card makes every purchase delightful!
Best value credit card
The SBS Credit Card is one of the best value credit cards in NZ, as it has the right touches to make shopping a rewarding experience for Kiwis. This includes the chance to earn cash back of $1 for every $150 spent on eligible transactions. You don’t have to worry about incurring fees on the rewards you get either, as SBS doesn’t charge these. You can also do cashless transactions worry-free, as the SBS credit card is built with Visa payWave with a secure contactless technology, which doesn’t require you to enter your PIN on purchases less than $80.
SBS Visa Credit Card NZ details - Rewards, Rates, Annual Fees
Fees and charges
SBS Credit Card fees and charges are tailored according to the needs of Kiwis - they’re fair and reasonable; at the same time, competitive enough to give you a rewarding experience. While SBS don’t charge you an annual or a rewards fee, there is a purchase interest rate of 18.5% p.a., and a cash advance rate of 21.5% p.a. Other fees that may apply include late payments, paper statements, replacement cards, overseas conversions (for overseas transactions), among others.
Applying for SBS Visa Credit Card
To qualify for a SBS Bank Credit Card, you’ll need to be a NZ citizen or permanent resident who’s above 18 years old, and who earns or receives a regular income. You’ll need to provide either a NZ passport or driver’s licence, or an overseas passport. Depending on your personal circumstances, additional criteria may apply, and you may be required to provide additional documents. If you meet the general criteria for an SBS Credit card, apply online and enjoy SBS deals once you get your card approved!
FAQs about SBS Credit Cards
Each month, you’ll need to pay the minimum amount due, which will be identified with a due date on your credit card statement. The minimum amount due will be $20 when the closing balance is less than $20, but if it’s above $20, you’ll be paying 3% of the outstanding balance of each charge rounded off to the nearest cent.
Yes - you can make repayments more than the balance that’s due each month. This actually puts you at an advantage, as you’ll be paying less interest and improving your credit history.
For security reasons, you can’t update your contact number through internet banking. This is because the bank uses your mobile number to send an authentication code to, for added security when you use some of their credit card services. Instead, you’ll need to make a phone call or visit the nearest branch during their business hours.
