SBS Bank Credit Card – Review & Apply for SBS Credit Card

We’ve compiled a list of SBS Bank Credit Cards to help you choose the best SBS Bank credit card to suit your needs. We have included the key information you need to help you make an informed decision. Use the credit card comparison table below to compare and find the best SBS credit card to suit your needs.

To apply for an SBS Bank credit card simply click on the “Apply Now” button to review the details and start your application. For more information about a specific card on our site click on the “more info” link.

The Amex Airpoints Platinum Card is the FASTEST Air NZ Airpoints Dollar^TM earning Platinum credit card. Every $70 spend earns you 1 Airpoints Dollar. This card also includes complimentary Travel Insurance, VIP Lounge access and more. CURRENT OFFER: Receive 300 bonus Airpoints Dollars™ when you apply online, are approved and spend $1,500 on your new Card within the first 3 months. New Card Members only.

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*Terms and conditions apply

Updated: 5 Dec, 2024

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SBS Credit Cards

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Card	Description	Purchase Rate (p.a.)	Balance Transfer	Cash Rate (p.a.)	Annual Fee	Interest Free Days
SBS Visa Credit Card Gold Award	A No annual fee credit card that allows you to earn $1 for every $150 spent on eligible transactions. Reward Points Cash Equivalent: $100 spend earns $0.66 cash equivalent^.	19.65%	N/A	22.65%	$0.00	55 days More Info » Apply Now »
SBS Pink Ribbon Visa Credit Card Platinum Award	This card is no longer available. A reward credit card that also helps fight breast cancer. SBS Bank will donate $20 to Breast Cancer Foundation NZ for every account opened successfully. Every time you use your card SBS Bank will donate 5 cents to Breast Cancer Foundation NZ. Earn $1 for every $150 spent on Eligible Transactions.	19.95% p.a.	N/A	22.95% p.a.	$55.00	55 days More Info » Apply Now »
Purple Visa Credit Card (Purple Visa NZ) Gold Award	The Purple Card offers 1 purple dollar for every $150 spent wherever Visa is accepted plus 12 months interest free for purchases over $250 from participating retailers. Reward Points Cash Equivalent: $100 spend earns $0.66 cash equivalent^.	26.65% p.a. Plus 12 months interest free for purchases over $250 from select stores	N/A	29.40%	$55.00	55 days More Info » Apply Now »

^ To help you compare reward points across different credit cards and rewards programs, we provide an estimate of the cash-equivalent of the reward points that you will get back for every $100 you spend on eligible purchases with your card. The cash equivalent value given is an estimate only based on a specific redemption example. In some cases you might earn less or more depending on how you redeem your ponts and some reward points cannot be redeemed for cash directly. Click on the card to find out how the estimate was calculated.

The Amex Airpoints Platinum Card is the FASTEST Air NZ Airpoints Dollar^TM earning Platinum credit card. Every $70 spend earns you 1 Airpoints Dollar. This card also includes complimentary Travel Insurance, VIP Lounge access and more. CURRENT OFFER: Receive 300 bonus Airpoints Dollars™ when you apply online, are approved and spend $1,500 on your new Card within the first 3 months. New Card Members only.

More Info »

*Terms and conditions apply

About SBS Bank

SBS Bank, originally known as the Southland Building Society, was established in 1869. One of its founders, James Walker Bain, famously walked 204 kilometers from Dunedin to Invercargill to set up the bank. Initially, it was called the Southland Building, Land, and Investment Society. The primary goal was to offer home loans and savings options to the local community.

Transition to a Registered Bank

In October 2008, SBS Bank transitioned from a mutual building society to a registered bank. This change allowed it to expand its range of financial services while maintaining its customer-owned structure. Despite the transition, the bank has remained 100% New Zealand-owned.

Key Milestones

• 1869: Founded as the Southland Building, Land, and Investment Society.
• 1876: Renamed as Southland Building and Investment Society and Bank of Deposit.
• 2008: Gained bank registration and became SBS Bank.
• Present: Continues to offer a wide range of financial services while being customer-owned and focused on personalised banking experiences.

Services Offered by SBS Bank

Personal Banking Services

SBS Bank provides a wide range of personal banking services to meet your everyday needs. You can open transaction accounts, savings accounts, and term deposits. If you’re looking to buy a home, the bank offers competitive home loan options, including fixed-rate and floating-rate mortgages, as well as construction loans. Additionally, personal loans are available for various purposes, such as buying a car, consolidating debt, or making home improvements.

Business Banking Solutions

For business customers, SBS Bank offers tailored solutions to help manage and grow your business. This includes business transaction accounts, business loans, and merchant services. The bank aims to support local businesses by providing financial products that cater to their unique needs.

Insurance and Wealth Management

SBS Bank also offers a variety of insurance products to protect your assets. These include home and contents insurance, vehicle insurance, and life insurance. For those looking to grow their wealth, the bank provides investment options and wealth management services. These services are designed to help you achieve your financial goals and secure your future.

SBS Bank’s Community Involvement

Sponsorship Programs

SBS Bank is proud to support a variety of community organisations through its sponsorship programs. These include notable groups such as the Breast Cancer Foundation NZ, Ronald McDonald House South Island, the Southland Loss and Grief Centre, and the Timaru Family Works Food Bank. By partnering with these organisations, SBS Bank aims to make a positive impact on the lives of many New Zealanders.

Community Projects

The bank actively participates in various community projects that aim to improve the quality of life for local residents. These projects range from supporting local schools and sports teams to funding community events and initiatives that promote social well-being.

Partnerships with Local Organisations

SBS Bank values its partnerships with local organisations. By working closely with these groups, the bank helps to foster a sense of community and support local development. These partnerships enable SBS Bank to contribute to a wide range of causes, from health and education to environmental sustainability and social services.

Branch and ATM Locations

North Island Locations

SBS Bank has several branches and ATMs located throughout the North Island. These branches are strategically placed to ensure you have access to banking services no matter where you are. Some of the key locations include:

• Auckland
• Wellington
• Hamilton
• Tauranga

South Island Locations

In the South Island, SBS Bank also offers a network of branches and ATMs. These locations are designed to serve the needs of customers in both urban and rural areas. Key locations include:

• Christchurch
• Dunedin
• Invercargill
• Nelson

Online Banking Services

For those who prefer digital banking, SBS Bank provides comprehensive online banking services. You can manage your accounts, transfer funds, and access a wide range of financial services from the comfort of your home. The online platform is user-friendly and secure, ensuring your banking experience is both convenient and safe.

Leadership and Governance

Board of Directors

The Board of Directors at SBS Bank plays a crucial role in overseeing the bank’s operations and ensuring it adheres to its strategic goals. The board is composed of experienced professionals who bring a wealth of knowledge and expertise to the table.

Corporate Governance Practices

SBS Bank is committed to maintaining high standards of corporate governance. This includes:

1. Transparency: Ensuring all operations and decisions are clear and open to scrutiny.
2. Accountability: Holding all members of the bank accountable for their actions and decisions.
3. Ethical Conduct: Promoting ethical behavior in all aspects of the bank’s operations.

These practices help SBS Bank build trust with its members and the wider community.

Customer Experience at SBS Bank

Customer Reviews

As a customer-owned bank, SBS Bank prioritises the interests of its members, ensuring a personalised banking experience. Customers often praise the bank for its friendly and attentive service.

Member Benefits

Being a member of SBS Bank comes with several advantages. As a customer-owned institution, the bank focuses on delivering value to its members. Some of the benefits include:

1. Competitive Rates: SBS Bank strives to offer competitive interest rates on loans and savings.
2. Personalized Service: The bank is known for its friendly and attentive customer service.
3. Community Focus: SBS Bank supports local initiatives and fosters strong community relationships.

Customer Support

SBS Bank is committed to providing excellent customer support. Whether you need help with your account, have questions about products, or need assistance with online banking, the bank’s support team is ready to assist you. You can reach out through various channels, including phone, email, and in-person visits to branches.

Financial Performance and Ratings

Credit Ratings

SBS Bank has consistently maintained strong credit ratings, reflecting its stability and reliability. These ratings are a testament to the bank’s sound financial management and prudent lending practices. Regular assessments by independent rating agencies ensure that SBS Bank remains a trusted institution for its members.

Annual Financial Reports

Each year, SBS Bank publishes detailed financial reports that provide insights into its performance. These reports include information on revenue, expenses, and overall profitability. They also highlight key achievements and strategic initiatives undertaken during the year. Reviewing these reports can give you a clear picture of the bank’s financial health and future prospects.

Asset Growth

Over the years, SBS Bank has demonstrated steady asset growth, which is a positive indicator of its financial strength. This growth is driven by the bank’s commitment to supporting its members and investing in innovative solutions. By focusing on sustainable growth, SBS Bank ensures that it can continue to meet the needs of its members while maintaining financial stability.

Frequently Asked Questions

What is SBS Bank?

SBS Bank is a customer-owned bank in New Zealand that has been serving its members since 1869. It offers a range of financial services including banking, insurance, and wealth management.

Where is SBS Bank headquartered?

The headquarters of SBS Bank is located in Invercargill, New Zealand.

How can I contact SBS Bank?

You can reach SBS Bank by phone at 0800 727 2265 (within New Zealand).

Does SBS Bank offer online banking?

Yes, SBS Bank provides full online banking services. You can access these services through their official website.

What types of services does SBS Bank offer?

SBS Bank offers personal banking, business banking solutions, insurance, and wealth management services.

Is SBS Bank involved in community projects?

Yes, SBS Bank is actively involved in various community projects and sponsorship programs, supporting local organizations and initiatives.