No annual card fee – ever
With the SBS Visa Credit Card, you’ll never pay an annual fee—not for the main cardholder and not for additional or joint cardholders. It’s a hassle-free way to access credit without worrying about recurring costs.
Cashback you can actually use
Earn NZD $1 cashback for every $150 spent on eligible purchases—simple and straightforward. You don’t need to track points or deal with tiers; every qualifying purchase adds real cash back to your account.
Up to 55 days interest-free on purchases
Pay your statement balance in full by the due date, and you’ll enjoy up to 55 interest-free days on purchases. This gives you flexibility to manage payments without being charged interest—just make sure to avoid carrying a balance.
Contactless payments for speed and convenience
Make purchases of NZD $200 or less without entering a PIN using contactless payment. Fast, secure, and ideal for small everyday purchases when you’re on the go.
Why the SBS Visa Credit Card Is Ideal for Everyday Use
The SBS Visa Credit Card was crafted with everyday practicality in mind, making it a perfect companion for Kiwis who want to keep their spending simple and rewarding. With no annual fees and no rewards subscription charges, the card provides real value from day one. You’ll earn cashback on eligible purchases without the complexity of points systems or the pressure to spend excessively just to earn rewards. Its competitive 19.65% p.a. purchase rate ensures that even if you carry a balance occasionally, your interest costs remain within reasonable limits—ideal for everyday purchases like groceries, petrol, dining out, or paying utility bills.
Beyond savings, the card is designed for ease of use in today’s digital environment. It supports contactless payments and integrates smoothly with SBS Internet Banking and the SBS Bank mobile app, giving you full control over your account wherever you are. Whether you’re reviewing your transactions, making payments, or managing card settings, everything is just a few taps away. Additionally, any positive balance on your card is protected under the Depositor Compensation Scheme, offering a rare but valuable safety net for credit card users. It’s a card that combines functionality, accessibility, and financial peace of mind—all without the baggage of extra fees or complicated conditions.
Yes, completely true. The SBS Visa Credit Card has no annual fee for the primary cardholder, and you can also add joint or additional cardholders at no extra cost. It’s one of the few cards in New Zealand that offers this level of accessibility with zero ongoing charges, making it a great low-maintenance option.
The cashback system is refreshingly simple. For every NZD $150 spent on eligible transactions, you earn NZD $1 back. There are no sign-ups or extra fees required to access this benefit—your cashback is automatically calculated and credited based on your monthly spending. It’s a straightforward way to get rewarded just for using your card for regular purchases.
You can enjoy up to 55 days without interest charges on purchases, provided you pay your statement balance in full by the due date each month. This allows you to use the card as a short-term, interest-free financing tool. However, it’s important to note that cash advances do not qualify for this benefit—they begin accruing interest immediately at a higher rate.
Absolutely. The SBS Visa supports contactless payment technology, allowing you to simply tap and go for purchases up to NZD $200 without entering your PIN. It also works seamlessly with mobile wallets via the SBS app, enabling safe and fast payments through your smartphone or wearable device.
It’s essential to pay at least the minimum required payment each month by the due date to avoid penalties. If you fail to do so, a late payment fee of NZD $5 will apply. In addition to the fee, late payments may impact your credit history and could result in the loss of promotional conditions or card privileges. Always aim to pay off your full balance to maximise your cashback and avoid interest.
Learn More Before Applying for the SBS Visa Credit Card
The SBS Visa Credit Card is tailored for individuals seeking a reliable and cost-effective credit solution that rewards everyday purchases with real cashback—without the complexities of points systems or hidden charges. Its fee-free structure, paired with automatic cashback and interest-free grace periods, makes it an excellent option for those who want to keep credit simple yet rewarding. Whether you’re a seasoned cardholder or applying for your first credit card, this is a product that delivers consistent value and convenience.
Before you apply, make sure you meet the eligibility requirements. You must be at least 18 years old, a New Zealand citizen or permanent resident, and able to demonstrate a regular source of income. During the application, you’ll be asked to provide one of the following valid forms of ID: NZ Driver Licence, NZ Passport, or an Overseas Passport. Be ready with details about your financial situation, including employment, income, and any existing debts. Once you’re prepared, click the button below to apply directly through the official SBS Bank website—the process is fast, fully online, and designed to get you started with confidence.