ANZ First Credit Card

Roland Bleyer

Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question about this card.

The ANZ First Credit Card

With its 0% balance transfer offer and low ongoing annual fee, the ANZ First Credit Card could be the perfect option if you’re looking for a way to save money while paying down existing credit card debt. Giving you a whopping 18 months at 0% on balance transfers, this card completes its offering with a handy selection of extras, including Purchase Protection Insurance and Extended Warranty Insurance.

What we love...

Giving you plenty of breathing space while you work on clearing existing credit card debt, the ANZ First Credit Card is a great little money-saver. With its awesome balance transfer offer, this card allows you to transfer the balance from your current credit card, so that it accrues 0% p.a. interest for 18 months (2% fee applies). With a year and a half of zero interest, you could really put a dent in that debt.

As for ongoing costs, the ANZ First Credit Card happens to have ANZ’s lowest annual fee. Again, by paying less on fees, you can really concentrate on clearing your transferred balance. On the other hand, if you don’t need to transfer a balance, this card simply works as a low fee card, not costing too much to keep in your wallet.

If you choose to add family members to the account, you can add up to three additional cardholders at no extra cost. While additional cardholders can be of benefit on rewards cards (helping you to earn more rewards in a shorter period of time), on cards like the ANZ First Credit Card, adding more cardholders to the account is really just a convenience.

Looking for more ways to save money? With up to 55 days interest free on purchases, you could save on interest when making purchases large or small. To take advantage of this feature though, be aware you need to pay your balance in full by the due date each month. Check out the terms and conditions to find out more.

What’s not so great...

While the ANZ First Credit Card may be a low fee credit card, it’s certainly not a low interest credit card. The purchase rate and cash advance rate on this card are relatively high, so it’s best to clear your balance month-to-month, to avoid interest accruing.

If you use the card’s balance transfer offer, know that there is a 2% balance transfer fee, and any balance left unpaid at the end of the intro period reverts to the card’s standard balance transfer rate (which is currently the same as the cash advance rate).

Why should you choose this card?

Despite its name, the ANZ First Credit Card is not just for first-time credit card applicants. While it may work well for first-timers, given its basic features and low annual fee, this card can work for anyone who wants a low fee card with an excellent balance transfer offer. And happily, the card also offers a few nice features to sweeten the deal.

With Visa Entertainment membership, you can enjoy access to special offers, ticket pre-sales and movie screenings. As a cardholder, you can also benefit from complimentary Purchase Protection Insurance and Extended Warranty Insurance on your purchases, plus all the basics, such as contactless payments, ANZ Fraud Money Back Guarantee and fraud monitoring from ANZ Falcon.

Overall Rating

The perfect money-saver for anyone looking for a low fee credit card, the ANZ First Credit Card offers a superb 0% balance transfer offer, complimentary insurances and all the basic features you expect from a credit card.