ANZ First Credit Card

Question 1

Matt

16 April 2021

I have a good credit score with both Experian and equifax, no bad credit and very few enquires. However I am self employed. Will this matter?

Question 2

Roland

Answer

Hi Matt, self-employed people can apply for ANZ credit cards. You will have to provide your most recent personal tax return and corresponding ATO Notice of Assessment (less than 18 months old). I hope that helps.

Question 3

Avi

16 April 2021

Hi Roland, Hope you are well. I am considering to apply for ANZ First credit card. I want to know the purchase rate reverts from 0% to 20.24% after 12 months- this means if I do not pay within the period say 55 days then i have to pay with an internet of 20.24% on the top after 12 months. Also, will the Annual fee of $30 will be credited after 12 months or before and is there 0 annual fee for the lifetime. Thanks, Avi

Question 4

Roland

Answer

Hi Avi, the rate reverting to 20.24% p.a. after 12 months means that any unpaid balance will start to be charged interest at 20.24% p.a. This includes new purchases and any purchases that remain unpaid from the promo 12 months. As for the $30 annual fee it is separate from the one-time $30 credit. So each year you have the card you will pay a $30 annual fee. And the $30 credit is issued just once (within 3 months) when you first activate the new card. I hope that helps.

Question 5

William

14 April 2021

Hi I have a 475 credit score and 10 applications on my credit history will I be approved for a ANZ credit card? I don’t have any defaults

Question 6

Roland

Answer

Hi William, a credit score of 475 is considered the lowest band and considered below average with both major credit reporting bureaus in Australia (Experian and Equifax). It is unlikely that with that score and 10 previous applications that you'd be approved for a credit card at this time. Before you apply for credit again in the future there are some things you can do to improve your score and your chances. Make all your repayments on time, lower any available credit limits you're not using and wait at least 6 months before applying. Also make sure that you check your score again before you consider another application (this won't harm your score). I hope that helps.

Question 7

Alf

4 February 2021

When you apply how long does it take to get an answer?

Question 8

Roland

Answer

Hi Alf, it varies, though as a guide it takes around 5-10 business days from application to getting your card. You should get some answer in a few days. This card is designed to be a first card so is one of the easier to get approval.

Question 9

Lloyd

25 January 2021

Hi. I have a high credit score but no credit history at all. I applied for a suncorp cc today but was declined as I dont have a credit history. I have funds available and don't need the cc for funds but rather to get a credit history. How do I get a cc if they decline me for not having a credit history?

Question 10

Roland

Answer

Hi Lloyd, sounds like this ANZ First offer could be a start for you. Post good usage, then you can get a card that has better rates and features that you are after.

Question 11

kerri

10 December 2020

can i balance transfer a zip money account?

Question 12

Roland

Answer

Hi Kerri, no on ZIP money. This is more of a line of credit than a credit card.

Question 13

Alf

3 December 2020

Thanks for the answer Roland. I will apply and see how it goes. Otherwise do you think I should go for the other ANZ credit card you mentioned (ANZ First Credit Card) Is there a reason I see ANZ mentioned often? Thanks

Question 14

Roland

Answer

Hi Alf, ANZ are just one of many banks. You came through asking on ANZ, so I let you know a card that I would recommend from that bank. There are other no foreign fee cards that could work as well. Though for me, with the rewards points earning, this is the one. There are so many cards that you can choose from. Its all about your needs. The ANZ First has high interest, no rewards and charges foreign fees. So based on what you have mentioned. It does not seem the best.

Question 15

Alf

30 November 2020

Thanks for answering rather fast. I am starting to sell products in Australia and mainly the US. So some transactions will be in US dollar. I will be paying my balance monthly and I dont not have a credit card currently. Thanks

Question 16

Roland

Answer

Hi Alf, if you are purchasing in USD, even for a percentage of transactions. Then its worth getting a no foreign fee card. ANZ have just brought back to market today, the ANZ Rewards Travel Adventure. You earn rewards points, pay no foreign fees plus other benefits. I really like this card. If you have the income and credit to support this application, I would go for it.

Question 17

Alf

30 November 2020

Which credit card will you recommend to start with and to use with a medium amount of online transactions? Is it better to stay with your bank? Thanks.

Question 18

Roland

Answer

Hi Alf, it depends on whether the online transactions are in overseas currencies or not. Do you pay off your balance in full each month? What credit card do you currently have?

Question 19

Pamela

1 October 2020

I have a low credit score due to a credit card not being paid on time (I had a balance under $100 I wasn't aware of). I only have 1 credit application on my file (same bank 4 years ago). Would this ANZ first card be an option to rebuild my score?

Question 20

Roland

Answer

Hi Pamela, yes this could be an option as is a starter credit card. I assume that you have paid any of the issues with the previous credit card?

Question 21

Jenisha

14 September 2020

Can we apply for credit card without providing the employer details

Question 22

Roland

Answer

Hi Jenisha, you will need to supply pay slips to verify your income. Alternatively if you run your own business, your accountants details. I am not sure how you can apply if you don't provide any details of employment.

Question 23

Lievin Ndimanyi

14 September 2020

I have a credit score of 382, I would like to improve this, what should I do?

Question 24

Roland

Answer

Hi Lievin, do you have any negative activity on your credit file? Or is the low score based on a lack of activity? If its simply a lack of activity and not you being late on bills or defaulting. Then its really about using credit more and paying all bills etc on time. In that sense, then this ANZ First would be a good option to build your credit through positive credit activity. Even if you just go for a $500 limit. Other ways include online services like https://www.tippla.com.au/. They monitor your score and provide you tips on how to use.

Question 25

Jarrod

31 July 2020

Hey can I get help applying for a credit card

Question 26

Roland

Answer

Hi Jarrod, what help do you need? To apply for an ANZ First credit card, you need to Be 18 years of age or over, and Be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your Visa Have a good credit rating. Details to have handy Australian driver’s licence number (if you have one) Details of your income, assets and liabilities Two recent pay slips for income verification If you’re self-employed, you’ll need your accountant’s phone number Details of your living expenses, such as regular bills ANZ Account number or Customer Registration Number (if you have one) Your email address

Question 27

JS

12 June 2020

I m new for an employee just starting 5 months ago. First apply was Joints with my partner but was declined. My partner have good credit history and mortgage/ full-time. In that time my credit score was high. My Experience 825, Equifax 724, Ilion 689. Since 2919 mid Dec applied with Citi bank credit card with min$6000 credit limit no annual fee min income required $35k and I am currently banking with them for couple of years. I was applied and get conditionally approved then later on turn to they regret and unable to establish and I m not happy with that with my score down. Waiting 6 months later apply again and the same reasons but this time my scores are down btw -122, -99, And -55 Points why too much down? Waist my scores with nothing. As, I have pay slips from work earn 36k to apply citi card min$6000 limit all the above but I m just new this employee, no debt or default or court. Nothing .... Investment/saving $40k with Citi but can’t get approve one. Also, I am holding supplementary cards on my partner name with them. Which we pay on-time and in full each statement. Only mortgage on his name but should not be problem because to apply on my own credit to build history. Utilities/phones on my name and pay on-time. What should I do? They said you can apply again in 3 months. Or should I move to new bank? I told my Citi bank please approve I just need to have a card and build my credit history. I have $40K in their account and pay slips what are they afraid for???? Recommend please. Thanks

Question 28

Roland

Answer

Hi JS, I would move away from trying Citi. Citi have tightened the screws on credit approval. Overall many banks have. No annual fee cards can be one of the harder to get approved for. Therefore I would steer clear of those for now. Not sure how much you are looking to spend or what features you are wanting. Though I assume you would pay the balance off in full each month. Based on the high interest with the Citi no annual fee card. Low rate credit cards tend to be the one for approval. Have a look at the Westpac Low Rate. Not the best in market but should be ok on approvals. You can build up on this with good usage. Then look to upgrade to another card a year or so down the track.

Question 29

Alfred

30 May 2020

How you doing mate, just a quick general question.... I’m Currently on a Part 9 Debt Agreement, is there any Credit Card that you could recommend I apply for, or is it not possible until after the Agreement has runs its course?? I’m currently working Fulltime, Been in the job for just over 5 years & earning $90k-$100k+ p.a. Any information/advise would be appreciated. Thanks in advance. Alfred

Question 30

Roland

Answer

Hi Alfred, under Part 9, I think it would be hard to get approved for a card. Though if you have not applied for credit for sometime. Then you could put an application in for this card and see how you go. This is one of the easiest cards for approval so would be your best bet. If you get declined. Then do not apply for any other credit for at least 6 months. I would suggest then to let the agreement run its course.

Question 31

Oliver

29 May 2020

Will international students qualify for this card? Is there any credit check or police check required.

Question 32

Roland

Answer

Hi Oliver, not this card though have a look at the ANZ First for Students.

Question 33

Roland

Answer

Yes there is a credit check required - though no police check that I am aware. I recommend that you have been working for 6 months in Australia before applying.

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