ANZ Low Rate Credit Card

On ANZ's website

ANZ Low Rate Credit Card

Balance transfer

28 months at 0% p.a.

Purchase rate

13.74% p.a. ongoing

Interest-free days

55 days

Annual fee

$0.00 for 1st year

Highlights

  • Enjoy 0% p.a. for 28 months on balance transfers with a 3% balance transfer fee (then reverts to 21.99% p.a.) Terms and Conditions apply.
  • First-year annual fee waived ($58 subsequently).
  • Continuous low rate of 13.74% p.a. on purchases.
  • Enjoy up to 55 days interest-free on purchases by settling your account completely each month.

Pros and cons

Pros

  • Enjoy 0% p.a. on balance transfers up to 28 months.
  • $0 annual fee for the first year ($58 p.a. thereafter).
  • Take advantage of the low purchase interest rate of 13.74% p.a.
  • Add up to 3 additional cardholders at no extra cost.

Cons

  • No purchase or travel insurance included.
  • No rewards program.

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
0%
Balance Transfer Period
28 months
Balance Transfer Fee Percentage
3%

Balance transfer conditions

Balance Transfer From Personal Loan
No
Balance Transfer Limit Percentage
95%
Balance Transfer Revert Rate
21.99%

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
$0.00
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. Unsurprisingly, you won't get any bonus for signing up for the ANZ Low Rate.

Rates and fees

  • Annual fee. This card has no annual fee in the first year, rising to $58 p.a. thereafter.
  • Balance transfers. The introductory balance transfer offer for the ANZ Low Rate is 0% p.a. for 28 months, which is very competitive against other balance transfer offers. You can use up to 95% of your credit limit for balance transfers from any credit card, store card, or charge card other than those issued by ANZ. It is not possible to balance transfer from a personal loan.
  • 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.

account

Reviewed by Credit Card Compare Staff

History

    User reviews

    Convenience

    Customer service

    Rates and fees

    Rewards

    Trust

    Value for money

    Reviewed by Anon


    Can't wait to pay it off

    Reviewed by Anon


    Not overly good

    Reviewed by Kevin


    Great low rate no frills card

    Reviewed by Michelle


    Recommended, very handy

    Reviewed by Anon


    Not a happy chap with this chip

    Reviewed by Kish


    Generally pleased with this card

    Reviewed by Amanda


    Very happy with this card

    Reviewed by Cameron


    Mostly happy with my card

    Reviewed by Mum


    I think the interest rate is too dear

    Reviewed by Marie


    Good if you can afford to pay the full balance

    Reviewed by Barbara


    Had my card for a few years

    Reviewed by Bygon


    Sloppy customer service

    Reviewed by Gary Mitchell


    Overall pleased with this card

    Reviewed by Westpac Mastercard


    Great all round card

    Reviewed by Kylie


    Probably best in the market balance transfer

    Reviewed by Barshat Pathak


    Great balance transfer rate

    Reviewed by Andrea


    No frills credit card

    Reviewed by Lyle


    Great credit card to have

    Reviewed by Kylie


    Good card, but minimal rewards

    Reviewed by Bianca


    I am happy with my choice to bank with ANZ

    Reviewed by Alexander Peel


    I wish I never had this one

    Reviewed by Liz


    I would prefer a card with no annual fee

    Reviewed by Terry


    Fees, fees, fees

    Reviewed by Anon


    I would love to get rid of it

    Reviewed by Miss Trouble


    Good features, shame about the annual fee

    Reviewed by Tia


    Easily managed and suits me well

    Reviewed by Ronda


    Fair credit card

    Reviewed by Kath A


    Happy with my credit card

    Reviewed by Happy HG


    Low rate credit card

    Reviewed by Glenn


    Pleased with this card

    Reviewed by Nat


    A great card to shop online

    Reviewed by Rose


    Wonderful credit card

    Reviewed by N/A


    A great card that's simple and easy

    Reviewed by Andrew


    Generally pleased with this card

    Reviewed by ANZ credit card


    Generally happy with this card

    Reviewed by Kate


    It's well worth it, good rates

    Reviewed by Stacey


    I feel like I'm in charge

    Reviewed by Jodie


    Convenience

    Reviewed by MasterCard


    Excellent savings

    Reviewed by Anni


    This card is very good

    Reviewed by Richie C


    Has been quite convenient for me

    Reviewed by Anon


    The interest rate is way too high

    Reviewed by Faye


    Low fee structure

    Reviewed by Adam Cox


    Saving huge interest on $7,500 limit

    Reviewed by Anon


    Brilliant card

    Reviewed by Anon


    Generally pleased with this card

    Reviewed by Debra Flook


    This card suits my needs

    Reviewed by Rhonda Whittaker


    Convenient, no fuss

    Reviewed by SL


    Generally pleased while living on credit

    Reviewed by Sherri


    Credit where credit is due

    Reviewed by Chris


    Long time customer

    Reviewed by Darren


    Terrible

    Reviewed by Suzie


    I didn't save or lose money

    Reviewed by Kalie


    Helped us cope with medical bills

    Reviewed by Kathryn


    Good balance transfer card

    Reviewed by Brook


    Generally happy with this card

    Reviewed by Tara


    Happy with my card

    Reviewed by Brendan


    Could be any card—nothing special

    Reviewed by Jade


    I wish I didnt get it

    Reviewed by Eloise


    Good low interest no-frills card

    Reviewed by Deborah


    I saved money at the beginning

    Reviewed by Helen


    Only emergency card

    Reviewed by Angela


    Rate is good

    Reviewed by Sheila


    Very pleased with this card

    Reviewed by Stacey


    Good rates and no messing with rewards and frills

    Reviewed by Peter


    Good first card

    Reviewed by Mitchell


    Good for emergencies

    Reviewed by Naomi


    Generally pleased, saved a ton on interest

    Reviewed by Julia


    I have saved a lot of money using this card

    Reviewed by Nathan


    I have saved with this low rate

    Reviewed by Mary


    Small annual fee

    Reviewed by Cinsha


    Convenient yet confusing

    Reviewed by Shivani


    Low annual fee, but beware late payment fee

    Reviewed by Jessica


    High fees, no rewards

    Reviewed by Kim


    Saved on fees

    Reviewed by Jess


    Great for emergencies but looking to clear card

    Reviewed by Michelle


    Switched to get lower interest charges

    Reviewed by Alice


    Charges and harassment for late payment

    Reviewed by Jacinta


    Not much bang for your buck

    Reviewed by Christine


    Helped me when I was struggling financially

    Reviewed by Michael


    Competitive rates, exceptional service

    Reviewed by Sherisse


    Low rate card linked to our bank account

    Reviewed by Tshinta


    Fuss-free application process, low interest

    Reviewed by David


    Low interest and balance transfer a breeze

    Reviewed by Ashleigh


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