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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 2 May 2022

Choosing the ANZ Low Rate Card will not just give you a credit card with low ongoing interest rate but also presents a 0% p.a. balance transfer rate for a 30-month promo period with no Balance Transfer Fee. Reverts to 21.24% p.a. Pay $0 annual fee in the first year, a low $58 p.a. thereafter.

New card. T&Cs, eligibility criteria, fees & charges apply (including annual fee currently $58).

Purchase Rate (p.a)

12.49%

Balance Transfer (p.a)

0% for 30 months No balance transfer fee.
Reverts to 21.24% p.a.

Annual Fee (p.a)

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

$0 over 30 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. balance transfer rate for a 30-month promo period with no Balance Transfer Fee
  • Low purchase rate of 12.49% p.a.
  • No annual fee first year. Low annual fee of $58 thereafter
  • Up to 3 free additional card holders on the account
  • Access to exclusive cashback offers with Cashrewards Max
  • Worldwide emergency credit card replacement
  • Tap and go with Visa payWave
  • Eligible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.

  • Introductory balance transfer offer reverts to 21.24% p.a. after the period ends
  • No rewards or points benefits
  • No complimentary insurances

Creditcard.com.au review

Editor Review

ANZ Low Rate Credit Card – 0% Balance Transfer

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. 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 a 0% p.a. balance transfer rate for a 30-month promo period with no Balance Transfer Fee. The rate reverts to the standard rate of 21.24% p.a.

Take note that the promo period starts when ANZ issues the Letter of Offer and not when the balance transfer is processed (usually 3-15 business days after card activation).

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, cardholders can now enjoy cashback offers through Cashrewards Max. All you need to do is sign up online at no extra cost and link your eligible ANZ card to access cashback offers when you shop through Cashrewards Max at participating retailers.

This card also 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 61 Creditcard.com.au user reviews )

87% rating based on 61 reviews

Rates
Fees
Rewards
Customer Service
Value
0%

Mre

3 September 2020

Do the ANZ accept applications from DSP recipients. I own my property,

Recommends this card
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 21.24% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 30 months

Balance transfer revert rate 21.24% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

Balance transfer limit 95% of approved credit limit

Brands you can't balance transfer from ANZ

Credit limits

Minimum credit limit $1,000

Maximum credit limit N/A

Fees & repayments

Annual fee $58 p.a.

Additional cardholder fee Up to 3 at no extra cost

Foreign transaction fee 3%

Minimum repayment 2% or $25, whichever is greater

Annual fee the first year $0

Cash advance fee Consumer: 3% (in Australia); 3% of the amount or $4, whichever is greater (for overseas); Commercial: 1.50% or $1.50 whichever is greater

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 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. balance transfer rate for a 30-month promo period with no Balance Transfer Fee. Reverts to 21.24% p.a. standard balance transfer rate.
  • $0 annual fee the first year, $58 thereafter.
  • Low purchase rate of 12.49% p.a.
  • Up to 55 days interest free period on purchases
  • Up to 3 free additional card holders on the account.
  • Access to exclusive cashback offers with Cashrewards Max
  • Falcon transaction monitoring
  • Fraud Money Back Guarantee
  • Visa payWave for quick transactions under $100
  • Worldwide card replacement in emergencies
  • Eligible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.

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

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

404 questions (showing the latest 10 Q&As)

Antonia Borg

Antonia Borg

17 February 2022
If I apply for a balance transfer card,can I transfer a charge on my mother's credit card that she paid for me? As well as paying out my Lattitude card of $1800?
    Pauline - CreditCard.com.au

    Pauline

    18 February 2022
    Hi Antonia, this is possible. You’ll need to provide the details of your mum’s account including (but not limited to) the name and details, the BSB and the amount you want to transfer and your Latitude details as well.
Kamal

Kamal

4 February 2022
Is this 30 months interest free offer just for new customers? If yes, then what is offer for current balance transfer card holders?
    Pauline - CreditCard.com.au

    Pauline

    8 February 2022
    Hi Kamal, I checked on the terms and it states that the current offer is only available to new and approved credit card applications.You could reach out to ANZ directly 13 22 73 to check what options are available to current ANZ Low Rate credit card holders. If you’re looking to balance transfer your credit card balance, you can check out a range of cards to compare.
Jen

Jen

22 January 2022
Hi what is the maximum credit limit on offer. I am looking for a $12,000 temporary credit card limit
    Pauline - CreditCard.com.au

    Pauline

    24 January 2022
    Hi Jen, the credit limit is set by the bank depending on several factors. This includes, but is not limited to, your credit score, ability to pay, yearly income, other debts, etc. Some cards like black credit cards, and gold and platinum cards generally feature higher credit limits. Hope this has helped you out.
Giuseppe Solagna

Giuseppe Solagna

10 January 2022
I am a current ANZ customer CRN XXXXXXXXX I also have a low rate card with zero balance owing I have a $9800 with another lending I am hoping to take advantage of the interest free terms that is currently been offered please let me know if this is possible.
    Pauline - CreditCard.com.au

    Pauline

    12 January 2022
    Hi Giuseppe, I checked on ANZ’s terms and it states that the current offer is only available to new and approved credit card applicants only. If you are looking for a card that offers balance transfers, you can check our balance transfer comparison tool to see other card options available to you.
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