76% Visitor | 21 October 2015
Great option for me as I'm doing casual jobs while studying and have a low income.
Recommends this card
Hi, I’m the site founder and I will personally answer your question within a business day.
Purchase rate
19.74% p.a.Balance transfer
N/AAnnual fee
$0 first year then $30Pros
No annual fee first year
Up to 3 free additional cardholders
Visa PayWave
Low $30 annual fee from the second year
Low income requirement
Cons
High purchase rate
ANZ First for Students Credit Card
This card is designed for full time students with no annual fee for the first year (saving you $30 which is the regular annual fee). With a minimum income of $15,000 a year this could be the first credit card for you. This income can be made up of part time work, youth allowance and Austudy. Be careful of the high interest rate this card has on purchases, nearly 20%, therefore you need to pay off your balance in full each month to avoid the high interest.
Key features
- No annual fee for the first year (saving you $30)
- ANZ's Fraud Money Back guarantee covering any fraudulent losses
- Extended Warranty - increasing the Manufacturer's Warranty by up to an additional 12 months
- 90-day purchase security insurance against loss, theft or breakage
- Very low income requirement
- Worldwide emergency card replacement
- Exclusive discounts and benefits provided by Visa Entertainment
- Verified by Visa - free additional online security for transactions
- You must be a full time student
Low income requirement
For full time students earning $15,000 p.a. This income can be made up of part time work, youth allowance and Austudy. Be careful of the high purchase rate of 19.74% p.a., therefore you need to pay off your balance in full each month to avoid the high interest.
80% of customers who have rated this card would recommend it
| Interest Rates | |
| Purchase rate | 19.74% p.a. |
| Cash advance rate | 21.49% p.a. |
| Interest free on purchases | up to 44 days |
| Balance Transfer | |
| Credit limits | |
| Minimum credit limit | $500 |
| Maximum credit limit | N/A |
| Fees & repayments | |
| Annual fee | $30 p.a. |
| Annual fee first year | $0 |
| Additional cardholder fee | Up to 3 at no extra cost |
| Cash advance fee | 2% |
| Foreign transaction fee | 3% |
| Minimum repayment | 2% |
| Late payment fee | $20 |
| Credit card type | Visa |
| Complimentary insurance | |
| Flight inconvenience insurance | No |
| Transport accident cover | No |
| Smartphone screen insurance | No |
| Purchase protection insurance | Yes |
| Extended warranty insurance | Yes |
| Rental vehicle excess cover | No |
The ANZ First for Students Credit Card
As a full time student, you’re probably not thinking too much about what’s going to happen after uni. Buying a car or buying a house may not be on the agenda right now, but when it is – and you want to take out a car loan or home loan – you’ll need to have good credit to get approved.
Luckily, you can start building your credit now. By applying for the ANZ First for Students Credit Card, you can benefit from access to credit, to then build your credit history over time. Is this the right option for you, though? Let’s find out.
What we love...
As the name suggests, the ANZ First for Students Credit Card is for students only, so you’ll need to be a full time student to apply. While many credit cards are harder to get approved for when you’re in full time study and perhaps not earning much, this one is designed with students in mind.
First up, the card has a low minimum income requirement of $15,000 per year, which can be made up of part time work, youth allowance and Austudy. On top of that, the card has a low annual fee of $30, which is waived in the first year if you sign up now.
One of the great things about the ANZ First for Students Credit Card is that not only is it designed to be easier for students to apply for, with an affordable annual fee, it also allows you to learn about dealing with credit, while building your credit history.
As long as you’re smart, and avoid getting into trouble, this card can provide a pathway to other credit products after you finish your studies. Whether that means getting a phone contract, getting a car loan or applying for a mortgage, this card could be a stepping stone towards that.
What’s not so great...
If you’re new to credit cards, it’s a good idea to get into the habit of looking at both the good and bad sides of any potential card. With the ANZ First for Students Credit Card, pay attention to the purchase rate and cash advance rate, as they are both relatively high.
As a new cardholder, try not to overspend, and always pay off the balance month-to-month to avoid interest charges. Cash advances are also best avoided, as fees and high interest rates apply.
With this card, there are no flashy features or rewards programs. But, that can help to simplify things while you’re still getting used to having plastic in your wallet. There will be plenty of time for feature-packed cards later down the line, should you decide they’re for you!
Why should you choose this card?
While the ANZ First for Students Credit Card is far from flashy, it does provide you access to credit, while allowing you to build your credit rating. In terms of features, there are some handy extras to enjoy.
These include up to 44 days interest free on purchases, up to three free additional cardholders, and exclusive discounts and benefits provided by Visa Entertainment. You can also benefit from worldwide emergency card replacement, ANZ's Fraud Money Back guarantee, extended warranty, and 90-day purchase security insurance against loss, theft or breakage.
Overall Rating
A starter credit card designed for full time students, offering a low minimum income requirement and no annual fee for the first year.
25 questions (showing the latest 10 Q&As)
- Be over 18 years old
- Good credit and not applied for multiple credit cards recently
- Be a non-Australian permanent resident with more than 9 months remaining on your Visa
- Minimum income of $15,000p.a. This can include part time work, Youth Allowance and Austudy. p.a.
- You have your personal details ready to complete the online application
Pros and cons
- No annual fee first year
- Up to 3 free additional cardholders
- Visa PayWave
- Low $30 annual fee from the second year
- Low income requirement
- High purchase rate
Creditcard.com.au review
Editor Review
The ANZ First for Students Credit Card
As a full time student, you’re probably not thinking too much about what’s going to happen after uni. Buying a car or buying a house may not be on the agenda right now, but when it is – and you want to take out a car loan or home loan – you’ll need to have good credit to get approved.
Luckily, you can start building your credit now. By applying for the ANZ First for Students Credit Card, you can benefit from access to credit, to then build your credit history over time. Is this the right option for you, though? Let’s find out.
What we love...
As the name suggests, the ANZ First for Students Credit Card is for students only, so you’ll need to be a full time student to apply. While many credit cards are harder to get approved for when you’re in full time study and perhaps not earning much, this one is designed with students in mind.
First up, the card has a low minimum income requirement of $15,000 per year, which can be made up of part time work, youth allowance and Austudy. On top of that, the card has a low annual fee of $30, which is waived in the first year if you sign up now.
One of the great things about the ANZ First for Students Credit Card is that not only is it designed to be easier for students to apply for, with an affordable annual fee, it also allows you to learn about dealing with credit, while building your credit history.
As long as you’re smart, and avoid getting into trouble, this card can provide a pathway to other credit products after you finish your studies. Whether that means getting a phone contract, getting a car loan or applying for a mortgage, this card could be a stepping stone towards that.
What’s not so great...
If you’re new to credit cards, it’s a good idea to get into the habit of looking at both the good and bad sides of any potential card. With the ANZ First for Students Credit Card, pay attention to the purchase rate and cash advance rate, as they are both relatively high.
As a new cardholder, try not to overspend, and always pay off the balance month-to-month to avoid interest charges. Cash advances are also best avoided, as fees and high interest rates apply.
With this card, there are no flashy features or rewards programs. But, that can help to simplify things while you’re still getting used to having plastic in your wallet. There will be plenty of time for feature-packed cards later down the line, should you decide they’re for you!
Why should you choose this card?
While the ANZ First for Students Credit Card is far from flashy, it does provide you access to credit, while allowing you to build your credit rating. In terms of features, there are some handy extras to enjoy.
These include up to 44 days interest free on purchases, up to three free additional cardholders, and exclusive discounts and benefits provided by Visa Entertainment. You can also benefit from worldwide emergency card replacement, ANZ's Fraud Money Back guarantee, extended warranty, and 90-day purchase security insurance against loss, theft or breakage.
Overall Rating
A starter credit card designed for full time students, offering a low minimum income requirement and no annual fee for the first year.
User reviews
Great option for me as I'm doing casual jobs while studying and have a low income.
Recommends this cardRates and fees
Interest rates
Purchase rate 19.74% p.a.
Cash advance rate 21.49% p.a.
Interest free on purchases up to 44 days
Credit limits
Minimum credit limt $500
Maximum credit limit N/A
Fees & repayments
Annual fee $30 p.a.
Additional card holder fee Up to 3 at no extra cost
Foreign transaction fee 3%
Minimum repayment 2%
Annual fee the first year $0
Cash advance fee 2%
Late payment fee $20
Additional features
Complimentary insurance
Overseas travel insurance No
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance Yes
Rental vehicle excess cover No
Overview
ANZ First for Students Credit Card
This card is designed for full time students with no annual fee for the first year (saving you $30 which is the regular annual fee). With a minimum income of $15,000 a year this could be the first credit card for you. This income can be made up of part time work, youth allowance and Austudy. Be careful of the high interest rate this card has on purchases, nearly 20%, therefore you need to pay off your balance in full each month to avoid the high interest.
Key features
- No annual fee for the first year (saving you $30)
- ANZ's Fraud Money Back guarantee covering any fraudulent losses
- Extended Warranty - increasing the Manufacturer's Warranty by up to an additional 12 months
- 90-day purchase security insurance against loss, theft or breakage
- Very low income requirement
- Worldwide emergency card replacement
- Exclusive discounts and benefits provided by Visa Entertainment
- Verified by Visa - free additional online security for transactions
- You must be a full time student
Minimum criteria to apply for this card
Be over 18 years old
Good Credit and have not applied for multiple credit cards recently
Be a non-Australian permanent resident with more than 9 months remaining on your Visa
Minimum income of $15,000p.a. This can include part time work, Youth Allowance and Austudy. p.a.
You have your personal details ready to complete the online application
Roland B Bleyer founded creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.
Recently Asked Questions
Something you need to know about this card? Ask a our credit card expert a question.
Ask a question25 questions (showing the latest 10 Q&As)
Need some suggestions outside ANZ . Thank you.
Hi Jay, their are not many direct student cards on the market. Have a look at the Westpac Low Rate. It has a minimum income requirement of $15,000 and reasonable fees.
Hii i've been working in a job for 2 months and i'm an international student. Am i eligible for the credit card application.
Hi Manoj, yes this is possible. To apply for an ANZ First Student credit card, you need to: Be 18 years of age or over and studying full-time at an eligible Australian educational institution. Be earning at least $15,000 per year. This can include part time work, Youth Allowance and Austudy. Be a non-Australian permanent resident with more than 9 months remaining on your Visa, earning a minimum annual income of $15,000. If you fit within this then you can apply. You will need 2 recent pay slips for income verification.
I am a full-time student. Is it free if I don't spend $500 per month and what are the procedures to apply
Hi Shashank, there is no minimum spend requirement with this credit card. Even if you don't use it. You will not pay an annual fee first year. Then its a $30 annual fee from the 2nd year on wards if you keep the card.
hi,
actually i dont have account in ANZ i wanted to apply for the credit card but i am not sure what to do is it possible that you can help me to how to apply for the credit card i am full time student currently studying nursing.
thankyou
Hi Shreepiya, you do not need to be a current ANZ customer to apply. Minimum criteria to apply for this card: Be over 18 years old, be a non-Australian permanent resident with more than 9 months remaining on your Visa. Minimum income of $15,000p.a. This can include part time work, Youth Allowance and Austudy. You have your personal details ready to complete the online application
Hey I am on Centrelink Is it possible to have credit
Hi Tsion, you need to have a minimum income of 15k a year to apply and be a full time student to apply.
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