ANZ First Credit Card

Question 1

Shannon O’Connor

4 June 2023

Hi, hope you’re well! Just wondering if there is a lock in period with this credit card? Thanks

Question 2

Pauline

Answer

Hi Shannon, good question! There’s no lock-in period with this credit card. You can contact ANZ at any time to cancel your card. Just remember you’ll have to pay back any outstanding balance left on the card.

Question 3

Harry James STEINHEUER

17 March 2023

I applied for a credit card with ABZ PRIOR to new year I have given all my bank history I have a good income stream from Suoerannuation. Plus shares own my own house own a caravan and 2 cars plus other cash I have passed all relevant details to ANZ I have BEEN To Carindale branch 5 times to have them scan private documents to anz credit card team and after 3 months they are still asking for more details but don’t tell me what they want they send me emails and don’t reply to me until 3 working days have passed but only to request more info I’m finding this very frustrating I wanted the anz car for better options and travel can u help solve this problem

Question 4

Pauline

Answer

Hi Harry, thanks for the information and we’re sorry to hear you’ve been having troubles. You’ve landed on CreditCard.com.au, the leading credit card comparison site. We don’t handle any application data at all, it’s all handled at ANZ. Sounds very frustrating, but, it’s probably best to reach out to ANZ directly at 13 33 33 to check on your application status.

Question 5

Mamun Mollah

28 February 2023

If I pay school tuition fee with this card, will it be an eligible purchase which has 20 months interest free? Thanks

Question 6

Pauline

Answer

Hi Mamun, I looked into ANZ’s terms and it does not state which transactions are considered eligible but they do have a big list of those that aren’t eligible. However, there is a range of 3rd party providers who offer paying school fees with your credit card. Sites like “School EasyPay” and Sniip allow for credit card payments to be processed for tuition. You can also use Cii PayAll to use with school fees.

Question 7

Ramesh

10 February 2023

Hi Pauline, Suppose we purchase an item on 0% interest for a certain period and only pay the minimum amount of credit card payment. Will it impact my credit score or not? for example, I purchased 10K grand from ANZ First Credit Card and based on a minimum payment of 2% every month I paid and before ending the 20-month period I made full payment in my last month or one month before that. Will it impact my credit score?

Question 8

Pauline

Answer

Hi Ramesh, it's possible that paying just the minimum amount on a credit card with a 0% interest rate could affect your credit score. Here’s how: factors such as your credit utilisation, payment history, and the length of time you've had the credit card all play a role. While paying the minimum amount might not necessarily damage your credit score, it's important to consider how your credit card usage and financial habits can impact it. To help keep your credit utilisation low and maintain a positive payment history, it's best to aim to fully pay off your credit card balance each month.

Question 9

Daniel

3 February 2023

Hi Pauline, I am looking for a credit card for my elderly grandma who is looking for a no fees credit card around $3K limit. She on the pension and has always repaid her cards in full. Her current credit card was cancelled as it was in the name of her husband who passed away. Can you please recommend any that may suit her?

Question 10

Pauline

Answer

Hi Daniel, we’ve actually contacted a few banks to get their eligibility criteria for a range of their tcredit cards that could be suitable for pensioners. You’ll be able to see each of them listed out and be able to read our reviews to find out more about those cards.

Question 11

Sarah

27 January 2023

Will I be considered if I am currently on maternity leave?

Question 12

Pauline

Answer

Hi Sarah, this is a tricky one. If you’re employed full time, on maternity leave, still receiving income and have a job to go back to when the leave ends, it shouldn’t be a problem. You’ll probably have some extra hoops to jump through, like a letter from your employer stating how long you’ve been there etc or payslips showing employment or bank accounts showing salaried deposits. It might be worth calling up ANZ to discuss what they need from you before applying.

Question 13

Krish

23 December 2022

Hey Pauline I was looking into getting a credit card Is there any Iam eligible for if Iam on a student visa in Australia ?

Question 14

Pauline

Answer

Hi Krish, if you meet all the criteria ANZ list out and have more than 9 months left on your visa, then you should be eligible for this card.

Question 15

Rach

17 December 2022

Hi there. Credit card options for people with credit score of 694

Question 16

Pauline

Answer

Hi Rach, thanks for your comment. I’ll try to break down a few things around relying wholly on your credit score for credit assessment. So, credit scores are only a small part of what goes into the makeup of your credit file. Things like your employment, any payment histories on accounts, the type of credit applied for along with many other things form part of your credit file. The credit score number can also different between the reporting bodies in Australia depending on who you check your score with. Before applying for any form of credit it’s a good idea to check your score, your repayment histories and whether there are any wrong entries on there too. If you’d like to learn more about how to build your credit score, there’s a few tips in this guide.

Question 17

Lisa

30 November 2022

My Son is 18 years old and has a full time job as an apprentice. He wants to start a credit history and is looking for a $500 to $1000 credit card to help him do this so he can then in the future apply for a bank loan. what do you recommend?

Question 18

Pauline

Answer

Hi Lisa, we actually can’t recommend one card over the other as it depends on what your son’s looking for in a card, how he’ll use it, among other thins. However, we have written some tips for getting his first card that he can check. He can also view some of the cards that may fit for first timers that he can compare. Let us know how he goes!

Question 19

zaynab Alsabak

14 November 2022

Hi there! Im 19 and want to start a business and have a credit card for the benefits of using for business purchases and reaping awards such as flights, travel etc Would also love to build credit If there are any potential credit cards that help with paying rent that would be amazing What is the best credit card to start with? Many thanks! Zaynab

Question 20

Pauline

Answer

Hi Zaynab, congratulations on starting a business! If you want to earn points on paying rent, you can look at using a Citi credit card - Citi offers Citi PayAll that allows you to earn Citi points on rent, but beware you will pay a 2% fee. Otherwise, you can look at paying with a rewards credit card through a third party rent payment company. You can compare business credit cards here (use the toggles to sort by rewards) or you could consider a general credit card that earns rewards, like these ones here. If you use a credit card and pay it off on time, you’ll be helping build your credit score. All the best Zaynab!

Question 21

Thales

27 October 2022

Hello there - I am currently with Commonwealth Bank, though am looking to move. I am interested in a credit card with a $5,000 limit. I am currently on a Centrelink Pension and earn approx. $1200 a fortnight. Could you kindly let me know if I will be eligible for a credit card with a $5,000 limit. Kind regards, Thales

Question 22

Pauline

Answer

Hi Thales, we can’t ever know if you’ll be eligible for a credit card, only the banks will know. We have however written a guide and sourced the minimum income for a range of credit cards in Australia. You can review the cards and save them to your shortlist to start curating a list you’re interested in.

Question 23

Greg Madden

16 September 2022

My wife is 70 owns her own business ( 34 years) banks with ANZ has for 35 + years with al the company business accounts as well as her own. She has a AMEX card ( now 3 years) but she wants a normal credit card in her own name. Susan Margaret Madden our home/business email address is [email protected] As her first Visa card in her own name (instead of coming off my ComBank Black Mastercard) We intend to go to the ANZ branch at Balmain ( one of the few still open serving our business. What at does she need to take with her to apply for the credit card. She tried this several years ago on line and ANZ said no. At the same time AMEX issued her a credit card ( no annual fee and Velocity ffpoints ) without a problem. She was so upset at ANZ her own bank refusing her a credit card - she withdrew her personal $450,000 savings in her online account and put it with Jodo Bank on a rolling fixed deposit. So I really need to make sure this time I or we have everything we could possibly need to get a credit card in her own name - please. Thanks Greg Madden for Susan Margaret Madden

Question 24

Pauline

Answer

Hi Greg, thanks for the information. You’ll need to take a utility bill or bank statement showing name and address, 100 points of proof of identity (driver’s licence, passport, medicare card), employment information, and other financial details like other forms of income or BAS activity statements. You can call ANZ directly at 13 22 73 to check what other information they need during application. Let us know how you get on!

Question 25

rob

23 July 2022

Hi Pauline with so many cards on offer all claim many value adds. after years of having several cards namel attracted to Flyer points today Points are of little value. However I want to purchase airline tickets from an airline site directly or a larger AU based agent. Is there are any real- tangible benefits proof that using a credit card to purchase these tickets that Credit card companys have some power in obtaing refunds. If so can you can recommend a card or two. thanks

Question 26

Pauline

Answer

Hi Rob! If you’re thinking of applying for a card for the travel insurance, I’d recommend doing the boring work of reading the insurance terms (sorry!). Refunds are tricky and there are some exclusions (for instance, if you cancel because of a pre-existing medical condition or the airline collapses). I’d personally start with the cards that offer some level of cover for COVID-19, since you’ll have to cancel your trip if you test positive before or during your travel. Those cards are listed here, and I’ve linked to the PDS for each brand that offers COVID benefits, so you can check the ‘cancellations’ section to see what the insurance covers. For free insurance, credit cards are good, but if you’re unsure you can take out standalone travel insurance as well. Lastly, you could look at an Amex card with big Qantas introductory points, $450 Travel Credit and free travel insurance to help pay for your trip. Good luck Rob!

Question 27

Wale

16 June 2022

Can I use this credit card to purchase flight ticket interest free?

Question 28

Pauline

Answer

Hi Wale, I checked ANZ First credit card’s terms and it does not state which transactions are considered eligible for the 0% p.a. on purchases. If your flights are processed as a standard credit card transaction, it should be considered. However, it states that transactions like balance transfers, cash advances, fees, and the like are not considered eligible.

Question 29

Deepti

14 June 2022

for ANZ first card , 55 days interest free only applied after 20 months of 0 % interest free period on purchases ?

Question 30

Pauline

Answer

Hi Deepti, yes, you got that right! The 55 interest free days start once the promotional no interest on purchases for 20 months is over.

Question 31

Pouya

10 June 2022

Hi, I need a card with 0% purchase interest. I came cross this card but I'm a bit confused. It said 0% for 20 month on Purchases but in a same time it is saying 55 days interest free on purchases. Is it 20 month or 55 day ? Regards, Pouya

Question 32

Pauline

Answer

Hi Pouya, the 55 interest free days is different from the zero percent promotional offer on purchases for 20 months. When the no interest on purchases promo ends, the 55 interest free days starts.

Question 33

Latina

8 May 2022

I am interested in this card for my daughter who is a university student. What is the minimum income requirement?

Question 34

Pauline

Answer

Hi Latina, thanks for your interest. I checked however the exact salary is not indicated on ANZ First credit card’s eligibility. From our previous comments, it looks like $15,000p.a. is the minimum. Hope this helps!

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