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ANZ Low Rate Credit Card – 0% Balance Transfer
ANZ Low Rate Credit Card – 0% Balance Transfer

ANZ Credit Cards

ANZ Low Rate Credit Card – 0% Balance Transfer

Updated 5 August 2020

Choosing the ANZ Low Rate Card will not just get you a credit card with low interest rate, for a limited time, get 0% p.a. for the first 22 months on balance transfers with a 1.5% balance transfer fee. Reverts to 20.24% p.a. The card comes with a low purchase rate of 12.49% p.a. and a low annual fee of $58.

Purchase Rate (p.a)

12.49%

Balance Transfer (p.a)

0% for 22 months 1.5% balance transfer fee applies.
Reverts to 20.24% p.a.

Annual Fee (p.a)

$0 first year. Then $58 p.a.

$0 over 22 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. for the first 22 months on balance transfers (1.5% Balance Transfer Fee applies)
  • Low purchase rate of 12.49% p.a.
  • No annual fee first year. Low annual fee of $58 thereafter
  • Eligible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.
  • Worldwide emergency credit card replacement
  • Up to 3 free additional card holders on the account

  • Introductory balance transfer offer reverts to 20.24% p.a. after the period ends

Creditcard.com.au review

Editor Review

ANZ Low Rate Credit Card – 0% Balance Transfer

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

The ANZ Low Rate Credit Card

If you’re looking for a perfectly simple, perfectly affordable credit card, the ANZ Low Rate Credit Card could be well worth a look. With a 0% balance transfer offer and a number of very useable features, this card could provide you with everything you need in a card – all rolled into a low rate, low annual fee package.

So, if the sound of that tickles your fancy, read on and we’ll get into all the need-to-know on this lovely piece of plastic.

What we love...

What sells this card has to be its affordability. While some credit cards provide platinum packages and remarkable rewards programs, they generally come with a hefty price tag. So, if you opt for a card with those kinds of features, it’s quite likely you’ll end up paying for them with a higher interest rate, higher annual fee, or both.

It’s true the ANZ Low Rate Credit Card doesn’t provide any show-stopping features, but it does have one ace up its sleeve. As a cardholder, you will benefit from a low purchase rate and a low annual fee, while still enjoying access to credit and a decent set of features.

Oh, and there’s also that balance transfer offer to think about. Get 0% for the first 22 months with a one off 1.5% balance transfer fee. The rate reverts to the standard rate of 20.24% p.a.

What’s not so great...

At this point in the review, we tend to go over some of the small print you should be aware of as a cardholder. This usually relates to important info on the introductory offer, features or rewards program, which allows you to weigh up whether the card is still right for you.

However, as this card doesn’t really have any complicated offers, features or programs, there’s not much we feel we should mention.

In terms of limitations, the main downside to this card is simply its simplicity. But that really only counts as a downside if you’re looking for a credit card packed with extras. If you happen to be looking for a simple, affordable card, the ANZ Low Rate Credit Card could be the perfect choice.

Why should you choose this card?

Aside from its low purchase rate and low annual fee, this card does offer some extras that you’ll probably come to appreciate. First up, to apply for this card you have to be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your Visa.

As for features, it provides worldwide emergency card replacement, up to 55 days interest free on purchases and up to three free additional cardholders.

In terms of security, ANZ offers its cardholders ANZ Fraud Money Back Guarantee and 24/7 Falcon fraud monitoring, which monitors your transactions for suspicious activity.

Overall Rating

A simple low rate, low annual fee card with a nice balance transfer offer.

User reviews

ANZ Low Rate Credit Card – 0% Balance Transfer ( based on 60 Creditcard.com.au user reviews )

88% rating based on 60 reviews

Rates
Fees
Rewards
Customer Service
Value
63%

Creditcard.com.au Visitor

28 January 2013

As a Balance Transfer it was brilliant. ANZ gave excellent service until the end when I paid off the card and closed the account. At that point, access to internet banking stopped and they couldn't tell me what the final interest would be until the computer worked it out for them! (What did we do before computers?) I then received a statement through snail-mail for a few dollars and cents which I had to go to a branch to pay off. Then the next month I received a bill for $0.03. What a pain! Why do banks spend money on paper and postage to send you a bill for three cents? Wake up ANZ --all was really good until the end.

Recommends this card
90%

Creditcard.com.au Visitor

28 January 2013

A great 0% offer from a great bank.

Recommends this card
78%

Geoff Atkins

28 January 2013

For a cheap card, this is a good option. After having an expensive rewards card for years, I decided I didnâ??t use half of what was on it. This was a good choice for me. Low annual fee and low interest rate, plus I get to stay with ANZ.

Recommends this card

Rates and fees

Interest rates



Purchase rate 12.49% p.a.

Cash advance rate 20.24% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 22 months

Balance transfer revert rate 20.24% p.a.

Balance transfer from personal loan No

Balance transfer fee 1.5% one off

Balance transfer limit 95% of approved credit limit

Banks you can't balance transfer from ANZ

Credit limits

Minimum credit limt $1,000

Maximum credit limit $15,000

Fees & repayments

Annual fee $58 p.a.

Additional card holder fee Up to 3 at no extra cost

Foreign transaction fee 3%

Minimum repayment 2% or $10 - whichever is greater

Annual fee the first year $0

Cash advance fee 2%

Late payment fee $20

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Extras

Eligible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.

Overview

ANZ Low Rate Credit Card – 0% Balance Transfer

With a low on-going interest rate, this is a great choice as an on-going everyday credit card. Cardholders can also enjoy worldwide emergency card replacement, up to 55 days interest free on purchases, 24/7 Falcon fraud monitoring and up to 3 free additional cardholders.

Key features

  • 0% p.a. for the first 22 months on balance transfers. Reverts to standard balance transfer rate, currently 20.24% p.a. 1.5% Balance Transfer Fee applies
  • Low purchase rate of 12.49% p.a.
  • Up to 3 free additional card holders on the account
  • Pay no annual fee the first year. $58 annual card fee thereafter
  • ANZ's Fraud Money back guarantee
  • Eligible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.
  • PayPass for quick transactions under $100
  • Worldwide card replacement in emergencies
  • ANZ's Falcon security monitors your transactions for suspicious activity

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Permanent Australian resident or non-permanent resident with more than 9 months remaining on your Visa

  • You have your personal details ready to complete the online application

Roland B Bleyer

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.

354 questions (showing the latest 10 Q&As)

Glenn

Glenn

3 August 2020
Why won't my balance transfer to my Commonwealth bank account
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 August 2020
    Hi Glenn, a balance transfer pays off existing credit card, store card or personal debt, depending on the offer. This ANZ offer will not transfer funds to your CBA bank account. Though if you put in your Commbank credit card details and the amount of debt you have. Then if successful, ANZ will make a payment on your behalf of the CBA card. You can even transfer more cards at the time of application. As long as they are non-ANZ.
Sam

Sam

31 July 2020
Hi Roland, I'm looking at getting my first credit card. I just checked my credit score and it was 725. I run my own gym business, so I'm not technically paid an income. All the money I earn stays in the business (as I'm trying to grow it), and I work for cash on the side as a building labourer. I'm reading Ramit Sethi's book and looking to start building my credit score. Would you recommend the ANZ Low Rate Credit Card or another option. I bank with CommBank and ING normally. Would you recommend going with one of their cards? I'm only looking to have small payments i.e. Netflix, Phone Bill and the like come out ofmy credit card so I can build the score and easily repay it. Sorry for all the information. Any help you can give me would be much appreciated Cheers Sam
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 July 2020
    Hi Sam, nice on the Gym business and that you are starting your first credit card journey. You don't need to choose a credit card from where you bank. Though it can make it easier for payments. I think this ANZ Low Rate offer can work. It has low minimum income requirements and generally is a card that should be easier to get approval. The cash income will not be able to be used. With the business, it would be good if you have been trading for at least 12 months. Being able to provide a notice of assessment from the ATO would be helpful. Reach out with any further queries and Happy Friday.
Eric

Eric

11 July 2020
Can i make additional credit tough up on my anz low rate account as balance tranfer? Is this still payable for 22months with 0% interest rate
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 July 2020
    Hi Eric, I am not sure what you are asking completely. The balance transfer is available for new cards only. You need to have current acceptable debt at the time of the balance transfer. Reach out again if I have not answered your question correctly with more detail of what you are looking for.
Yea chul lee

Yea chul lee

7 July 2020
Existing credit card balance transfer
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 July 2020
    Hi Yea, this offer is for new cards. Typically a balance transfer is only available at the time of application. How much debt are you looking to transfer and from what credit card(s)
Karen

Karen

5 July 2020
Hi Roland, I am wanting to do a Balance transfer of $6748.52, can you please advise what percentage of this I can transfer of on this card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 July 2020
    Hi Karen, with this ANZ offer, you can transfer up to 95% of approved credit limit. This means if you get approved for an $8,000 limit. Then you could transfer up to $7,600. Therefore this would easily be enough for you to transfer the balance that you want to. I suggest you request at least an $8,000 limit with ANZ.
Emma

Emma

4 July 2020
Hey, I have a personal loan with comm bank with 9000 on it, can I use this card to pay out that loan and have the interest free period to continue lying for my loan?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 July 2020
    Hi Emma, no you cannot. Citi are the only issuer in Australia that will accept personal loan debt as part or all of a balance transfer. Citi issue a range of different cards. Have a look at the Qantas Premier Platinum with 0% for 18 months and no balance transfer fee.
SYED

SYED

19 June 2020
Hi, I want to apply for ANZ Low Rate Credit Card – 0% Balance Transfer 22 months offer. My credit score is more than 650 and I possess two credit cards having a combined limit $ 19000. Currently, my outstanding is $ 2000. I do not if I am eligible to have this card? Please note twice my application were refused by other providers when applied this year for a card with a bank transfer. I am interested in closing one of my currents card if this one gets through. Regards, SYED
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 June 2020
    Hi Syed, its not a good sign if you have had 2 apps declined already this year. What I suggest is before you apply again. That you reduce the credit limits on your current cards to as low as possible. If you can go down to a total credit limit of say $4,000 this will help with the application. Here are some extra tips - https://www.creditcard.com.au/creditcardapplicationtips/
Miriam

Miriam

18 June 2020
How can I apply?
Jo

Jo

16 June 2020
Hi Roland, I am looking at the and ANZ Low Rate Credit Card - 0% balance transfer, you say there is a 0% transfer offer but it says there is a 1.5% balance transfer fee? Is that right?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    17 June 2020
    Hi Jo, yes there is a 1.5% balance transfer fee on this offer. So if you transfer $10,000. Then the fee would be $150. This is added onto the balance transfer amount. Therefore in this case, the total balance transfer would be $10,150. If you are looking for an offer without a balance transfer fee. Then have a look at this CUA Low Rate offer.
Adam

Adam

10 June 2020
Am I able to transfer a $10000 personal loan to one of these cards?
andrew

andrew

5 June 2020
My wife currently has a Citibank ready credit account at 5.9%. Is there a credit card that can balance transfer from this type of account? And also if I can do the transfer in my name?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 June 2020
    Hi Andrew, Ready credit from Citi is a line of credit, rather than a credit card. Therefore you cannot balance transfer this to any Australian balance transfer offer. Additionally a balance transfer needs to be between the same legal person. Therefore you cannot transfer your wifes debt. A long way around this would be for you to get a low rate personal loan. Pay off your wifes debt. Then look to balance transfer that low debt down the track to a Citi balance transfer offer. Citi are the only issuer in Australia that will accept loan debt as part or all of the transfer. Though they will not accept Citi debt. A balance transfer needs to be between different banks.
james

james

30 May 2020
what is the interest free period on the purchase rate
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    1 June 2020
    Hi James, you get up to 55 days interest free on new purchases.
Edith

Edith

18 May 2020
I apply with this card 0% balance transfer but am still waiting for the results
Jason

Jason

14 May 2020
hi there, I want to do an application for this ANZ card and do a balance transfer to 2 credit cards but one of the credit cards I don't have the credit card number because I cut up the card and waiting for a new card To arrive but it won't be here for another five business days can I still apply for this card and just add the balance transfers later on?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 May 2020
    Hi Jason, no, you need to put in the details for the balance transfer at the time of application. Therefore I would wait until your new card arrives before applying. Maybe it will come sooner. Best of luck with your application.

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