ANZ Low Rate Credit Card (Credit back offer)
4.2
Highlights
- Get $250 back when you spend $1,500 on eligible purchases in the first 3 months from approval. T&Cs apply.
- An annual fee of $58, which is relatively low.
- Offers the option to repay eligible purchases in 3, 6, or 12-month instalments.
Pros and cons
Pros
Cons
About this credit card
Basics
Card usage
Apple Pay Enabled
Yes
Card Type
Visa
Gambling Transactions Allowed
No
Samsung Pay Enabled
Yes
Eligibility
Joint Application Accepted
No
Minimum Age
18 years
Minimum Credit Rating
Good, Very Good, Excellent
Minimum Income
N/A
Temporary Residents Accepted
Yes
Additional cardholders
Additional Cardholders
3
Additional Card Fee Ongoing
$0.00
Credit limits
Minimum Credit Limit
$1,000.00
Maximum Credit Limit
N/A
Repayments
Interest Charged From
Purchase date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage
2%
Balance transfers
Balance transfer offer
Balance Transfer Rate
N/A
Balance Transfer Period
N/A
Balance Transfer Fee Percentage
N/A
Balance transfer conditions
Balance Transfer From Personal Loan
N/A
Balance Transfer Limit Percentage
N/A
Balance Transfer Revert Rate
N/A
Rates, fees, charges
Cash advances
Cash Advance Rate
21.99% p.a.
Cash Advance Fee
$4.00
Cash Advance Fee Percentage
3%
Cash Advance Fee Threshold
N/A
Purchases
Purchase Rate Introductory Offer
N/A
Purchase Rate Introductory Period
N/A
Purchase Rate Ongoing
13.74% p.a.
Account fees
Annual Fee Initial Year
N/A
Annual Fee Ongoing
$58.00
Dishonour Fee
$6.00
Duplicate Statement Fee
$0.00
Foreign Exchange Fee Percentage
3%
Late Payment Fee
$20.00
Rewards
Rewards program basics
Rewards Program
N/A
Rewards Program Annual Fee Initial Year
N/A
Rewards Points Expiry
N/A
Rewards points per $1 spent
Domestic Rewards Points Earn Rate
N/A
Government Rewards Points Earn Rate
N/A
Overseas Rewards Points Earn Rate
N/A
Additional perks
Insurance
Cardholder's Domestic Hotel Burglary Insurance
No
Cardholder's Extended Warranty Insurance
No
Cardholder's International Travel Insurance
No
Cardholder's Interstate Flight Inconvenience
No
Cardholder's Personal Item Theft Cover
No
Cardholder's Price Protection Insurance
No
Cardholder's Purchase Protection Insurance
No
Cardholder's Refund Protection
No
Cardholder's Transport Accident Insurance
No
Travel and lifestyle
Airport Lounge Access Included
No
Concierge Service Included
No
Complimentary Flight Voucher Included
No
Complimentary QFF Membership Included
No
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
The basics
- Additional cardholders. You can have up to 3 additional cards for friends and family for free. Bear in mind that it is the account holder who will be responsible for repayments and account management.
- Digital wallets. The ANZ Low Rate card works with Apple Pay, Google Pay, and Samsung Pay plus wallets for other wearables.
- Gambling transactions. ANZ does not block gambling-related transactions, but they will be charged the cash advance rate.
Rewards and benefits
- Complimentary travel insurance. This card does not come with complimentary travel insurance.
- Concierge services. This card does not come with access to a concierge service.
- Rewards points. This credit card does not have a rewards program, which is to be expected of a no-frills low-rate card.
- Sign-up bonus. Apply, get approved, and receive $250 back when you spend $1,500 on eligible purchases within the first 3 months. Terms and conditions apply.
Rates and fees
- Annual fee. This card has a $58 annual fee, which will be charged on the anniversary of your card.
- Balance transfers. This card doesn’t offer an introductory balance transfer, as it focuses on cashback. If you’re looking for a balance transfer, consider the ANZ Low Rate Credit Card (Balance Transfer offer), or you can also check other credit cards that offer balance transfer options.
- Cash advances. If you use this card to make a cash advance, you will be charged interest starting immediately at the rate of 21.99% p.a. As well as interest, ANZ will apply a fee to process the cash advance.
- Foreign exchange fee. Purchases made in a foreign currency will attract a 3% fee.
- Interest-free period. Get up to 55 days interest-free on purchases (except for transactions classed as cash advances) when you have paid your previous balance in full.
- Purchases rate. There is no introductory offer for purchases. Purchases made with the card will attract interest at 13.74% p.a. until they are paid off.
Reviewed by Credit Card Compare Staff
History
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Rates and fees
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