A user-friendly card built for daily use—but there are important details to consider. While the SBS Visa Card offers great value, there are some key factors you should understand before applying. It’s designed for straightforward cashback and simple use—not for users chasing premium travel perks or high-tier rewards benefits. If you carry a balance or use cash advances regularly, interest rates can accumulate quickly, so the card works best when used and managed responsibly.
Additional Value That Matters
- Zero fees across the board: The SBS Visa Credit Card sets itself apart by eliminating traditional banking fees. You’ll pay no annual fee, no fees for joint or additional cardholders, and no hidden service charges—making this card an ideal long-term choice for those who prefer transparent and predictable financial products. Whether you're using the card actively or keeping it for emergencies, you won’t be penalised simply for owning it.
- Effortless cashback—no strings attached: Unlike other credit cards that require enrolment in complex points programs or charge extra for rewards access, the SBS Visa offers a straightforward cashback structure. You’ll automatically earn $1 for every $150 spent on eligible purchases, with no enrolment fees, no caps, and no expiry dates on your cashback rewards. It’s a seamless way to be rewarded for spending on essentials.
- Round-the-clock digital access and control: Manage your account whenever and wherever you need with SBS Internet Banking and the SBS Bank mobile app. These tools allow you to monitor transactions, check balances, make payments, and report lost or stolen cards in real time. This 24/7 accessibility puts full control of your credit card at your fingertips.
- Peace of mind with balance protection: A rare but valuable feature of this card is that any positive balance on your SBS Visa account is protected under New Zealand’s Depositor Compensation Scheme. This provides additional financial reassurance—especially for users who like to stay in credit or prepay amounts for budgeting purposes.
Things to Think About First
- Relatively high purchase interest rate: The 19.65% p.a. interest rate on purchases is above average, which means carrying a balance over multiple months can result in considerable interest costs. To make the most of this card, it's best to pay off your balance in full each month and take advantage of the 55-day interest-free period.
- Immediate interest on cash advances: Cash advances attract an even higher interest rate of 22.65% p.a. and begin accruing interest immediately, with no grace period. This makes using the card for ATM withdrawals or cash-like transactions an expensive choice and one that should be avoided unless absolutely necessary.
- Not built for premium rewards seekers: While cashback is a nice feature, the SBS Visa is not a premium rewards card. It doesn’t offer airline points, hotel perks, or access to exclusive programs. If you’re looking for luxury travel benefits or high-tier incentives, this card won’t meet those needs—it’s made for simplicity, not status.
How to Apply for Your SBS Visa Credit Card
- Go to the official SBS Bank website: Navigate to the SBS Visa Credit Card section under Everyday Banking.
- Review all card details: Carefully read about the card’s features, eligibility criteria, fees, and interest rates to ensure it fits your needs.
- Start your application: Click on “Apply now” to begin your online application. If you’re already an SBS customer, you can log in via Internet Banking or the mobile app to speed things up.
- Provide your personal and financial details: Fill out the application form with your name, address, employment status, income, and monthly expenses. You’ll also need to upload your valid ID (NZ Driver Licence, NZ Passport, or overseas passport) and proof of income (such as payslips or IRD documentation).
- Submit your application securely: Once completed, submit the form online through SBS Bank’s secure system. The bank may request additional information or documentation to finalise your application.
- Receive and activate your card: If approved, your card will be sent to your nominated address. Upon arrival, you can activate it via Internet Banking or the mobile app and begin using it immediately—online, in-store, or via contactless payment.
If you’re looking for a simple, fee-free credit card that rewards your everyday spending without hassle, the SBS Visa Credit Card is a strong contender. Its automatic cashback, zero annual fees, and easy digital management make it ideal for anyone who values clarity and cost-efficiency. To maximise your savings, aim to pay your full statement balance each month, avoid costly cash advances, and take advantage of contactless technology for fast, secure payments.
Click the button below to begin your application through the official SBS Bank website. It’s quick, secure, and your first step toward smarter credit with cashback that actually makes a difference.
