ANZ Low Rate | Review, Compare & Apply Online

ANZ Low Rate

Card features
accepts temp residents
purchase rate
annual fee
ANZ Low Rate
0% p.a. for 22 months on balance transfers (1.5% balance transfer fee applies). Reverts to cash advance rate.
Low 12.49% p.a. ongoing rate on purchases.
No annual fee for the first year ($58 p.a. thereafter).
Add to comparison
12.49% p.a.
1st year
then $58

Pros & cons

What's good?

What's not so good?

0% p.a. for 22 months on balance transfers (1.5% balance transfer fee applies). Reverts to cash advance rate.
Low 12.49% p.a. ongoing rate on purchases.
No annual fee for the first year ($58 p.a. thereafter).
Eligible for use with Google Pay and Apple Pay.
Up to 3 additional cardholders at no extra cost
ANZ Falcon™ provides round-the-clock monitoring for suspicious transactions.
You won’t be liable for fraudulent transactions on your ANZ credit card with ANZ Fraud Money Back Guarantee.
Worldwide Emergency Credit Card Replacement.
No insurances for travel or purchase covers for spending.
20.24% p.a. cash advance rate.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

3.4 out of 5.0 based on 85 reviews80% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

Low interest and balance transfer a breeze

Reviewed and recommended by Ashleigh on 06 Dec 2016

We got this credit card when we transferred our balance from a GE MasterCard with an interest rate over 20%. The ANZ Low rate MasterCard is awesome. The low rate of 13.99% is great and is quite often lower than interest rates on personal loans, which we also considered, but going with the ANZ Low Rate MasterCard was less hassle and a breeze to transfer the balance from our old credit card.

Fuss-free application process, low interest

Reviewed and recommended by David on 04 Dec 2016

The whole procedure with an online application was efficient from start to finish — fuss-free and convenient for someone with a busy schedule. I didn’t need to provide documents or talk to anyone for follow-ups.

I’m happy with the low interest rate. It’s easy to track my credit card payments in my internet banking.

Low rate card linked to our bank account

Reviewed and recommended by Tshinta on 22 Nov 2016

My partner and I have a joint account with ANZ and they conveniently offered us a low rate credit card, which we use more than any of our other credit cards because it’s low rate and also linked to our everyday account. So it’s easy to transfer money to it.

My partner is a non-Australian resident and we are going through the visa process, so this has also helped with not only his credit rating but also our proof of financial commitment to one another. We also have a daughter and one on the way, so it has been handy to get things like prams and car seats etc.

Competitive rates, exceptional service

Reviewed and recommended by Sherisse on 04 Nov 2016

I needed a card when I went overseas, in case of emergencies. ANZ helped me pick the best card to suit my financial situation and needs. I did end up maxing it out and was at one point struggling to pay it off, but ANZ have been great with late payments, helping me budget and finding ways to keep the repayments affordable but practical, so I am not paying back a huge amount of interest. The customer service is exceptional.

It’s convenient to check the balance, make a repayment and withdraw or use if needed. The rates are competitive compared to other cards out there.

The rewards I am not sure about. I don’t think the card has rewards, as it is a low fee card.

Helped me when I was struggling financially

Reviewed and recommended by Michael on 03 Nov 2016

I had this card at a time when I was struggling to pay off a few debts and manage my finances. I enjoyed the ease with which I was able to check my status and balance, and update my details. Going with a first-class financial institution like ANZ gave me a great level of confidence that everything would be straight up. A good all round credit card, for when needed, and relatively low fees.

Not much bang for your buck

Reviewed and not recommended by Christine on 31 Oct 2016

ANZ Low Rate MasterCard has no reward points and is a very basic card. It’s OK for just a small back-up card.
I would give it a three out of ten.

ANZ needs much better customer service on the Gold Coast. I’ve had to wait for 15 up to 30 mins to get served. Most people walk out as the wait is too long. It’s a shame that the major banks make millions of dollars profit each year, yet there is no service. Maybe they should put some more money back into customer service.

Charges and harassment for late payment

Reviewed and not recommended by Jacinta on 27 Oct 2016

ANZ are the WORST for personal banking, but I hear better for business banking.

If you pay money off your credit card but don’t on top of that pay your monthly instalment on the day it’s due — not before or after, but on the day — you get charged. Also, if you pay a few days late, expect to be harassed by at least ten calls from the ANZ’s extremely rude staff members.

Switched to get lower interest charges

Reviewed and recommended by Alice on 22 Oct 2016

The travel insurance is very usefu. We had an ANZ card before, with Qantas points. However, to get the lower fees it was well worth changing to a platinum low rate card as we still get our travel insurance and the yearly cost is not too high. We have banked with ANZ for a long time and find them very helpful

Great for emergencies but looking to clear card

Reviewed and recommended by Michelle on 20 Oct 2016

I have this card for all my online buying. It has been great but is totally at the $2000 limit now and I just want to try and pay it off. But otherwise it is a great card and I have had it for about 10 years or so.

I would recommend this card as fees and interest aren’t too bad.

Saved on fees

Reviewed and recommended by Jess on 14 Oct 2016

As far as credit cards go, this is a plain Jane, no frills, no rewards card. But the interest rate is lower than the rest, so I still have the convenience of a credit card. But that’s all it is. I’ve been able to keep on top of fees because of this.

I would recommend this card to others who want to save a bit of money. And no one likes all those fees.

Show 75 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Non-Permanent Australian residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
whichever is greater, $25 or 2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.22 months1.5%95% of credit limit20.24% p.a.

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
First statement
Balance transfer from personal loan
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
95% of credit limit
Available to existing customers

Banks you can't balance transfer from

You can't balance transfer to the ANZ Low Rate at the promotional balance transfer rate from:

  • ANZ

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.22 months1.5%95% of credit limit 20.24% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

Cash advances 1.69% 20.24% p.a.
Purchases 1.04% 12.49% p.a.


Annual fee
$0 p.a.
Annual fee 2nd year
$58 p.a.
Cash advance fee
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Non-permanent resident with more than 9 months remaining on your Visa
Age Pension, Disability Pension and Veteran's Pension are acceptable.
Carer's Allowance, Child Support Payments and Family Tax Benefits and Parenting Payments are acceptable.
Joint applications are not allowed
Overseas Pension and Widower's Pension are not acceptable.
Austudy, Foster Care Allowance and Youth Allowance are not acceptable.
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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