2% Visitor | 28 January 2013
when i called ANZ i was told maximum amount for balance transfer is only 95% of 15000
Does not recommend this card
Hi, I’m the site founder and I will personally answer your question within a business day.
Purchase rate
12.49% p.a.Balance transfer
0% 15 monthsreverts to 21.74% p.a. No BT feeAnnual fee
$58 p.a.Pros
0% p.a. first 15 months on balance transfers
No Balance Transfer Fee
Low purchase rate of 12.49% p.a.
Low annual fee
Cons
Introductory balance transfer offer reverts to 21.74% p.a. after the period ends
ANZ Low Rate Credit Card
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 15 months on balance transfers. No Balance Transfer Fee and the rate reverts to standard balance transfer rate, currently 21.74% p.a. The card comes with a low purchase rate of 12.49% p.a. and a low annual fee of $58.
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 15 months on balance transfers. No Balance Transfer Fee. Reverts to standard balance transfer rate, currently 21.74% p.a.
- Low purchase rate of 12.49% p.a.
- Up to 3 free additional card holders on the account
- $58 annual card fee
- PayPass for quick transactions under $100
- ANZ's Fraud Money back guarantee
- Worldwide card replacement in emergencies
- ANZ's Falcon security monitors your transactions for suspicious activity
0% p.a. for the first 15 months on balance transfers
Pay no balance transfer fee and get up to 15 months to pay off your debt at 0%. Any unpaid balance transfer at the end of the 15 months reverts to 21.74% p.a.
86% of customers who have rated this card would recommend it
33% Visitor | 28 January 2013
This is a great first credit card for anyone wanting some spare cash for when they need it. A very low annual fee, and easy to maintain statement, don\'t hesitate get one now!!!!!!!!
Does not recommend this card
| Interest Rates | |
| Purchase rate | 12.49% p.a. |
| Cash advance rate | 21.74% p.a. |
| Interest free on purchases | up to 55 days |
| Balance Transfer | |
| Balance transfer rate | 0% p.a. for 15 months |
| Balance transfer fee | No fee |
| Balance transfer revert rate | 21.74% p.a. |
| Balance transfer limit | 95% of your approved new credit limit |
| Balance transfer from personal loan | No |
| Banks you can't balance transfer from | ANZ |
| Credit limits | |
| Minimum credit limit | $1,000 |
| Maximum credit limit | $15,000 |
| Fees & repayments | |
| Annual fee | $58 p.a. |
| 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 | No |
| Extended warranty insurance | No |
| Rental vehicle excess cover | No |
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 15 months with no balance transfer fee. The rate reverts to the standard rate of 21.74% 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, it has a low minimum income requirement of $15,000 per year, which may make it easier for some folks to get approved for.
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 some great peace of mind with the 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 with no balance transfer fee.
301 questions (showing the latest 10 Q&As)
- Be over 18 years old
- Good credit and not applied for multiple credit cards recently
- Permanent Australian resident or non-Australian permanent resident with more than 9 months remaining on your Visa
- Minimum income of $15,000 p.a.
- You have your personal details ready to complete the online application
ANZ Low Rate Credit Card
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 15 months on balance transfers. No Balance Transfer Fee and the rate reverts to standard balance transfer rate, currently 21.74% p.a. The card comes with a low purchase rate of 12.49% p.a. and a low annual fee of $58.
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 15 months on balance transfers. No Balance Transfer Fee. Reverts to standard balance transfer rate, currently 21.74% p.a.
- Low purchase rate of 12.49% p.a.
- Up to 3 free additional card holders on the account
- $58 annual card fee
- PayPass for quick transactions under $100
- ANZ's Fraud Money back guarantee
- Worldwide card replacement in emergencies
- ANZ's Falcon security monitors your transactions for suspicious activity
Customer Reviews
Rates & Fees
Interest rates
Purchase rate 12.49% p.a.
Cash advance rate 21.74% p.a.
Interest free on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 15 months
Balance transfer revert rate 21.74% p.a.
Balance transfer from personal loan No
Balance transfer fee No fee.
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%
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 No
Extended warranty insurance No
Rental vehicle excess cover No
Our Review
Editor Review
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 15 months with no balance transfer fee. The rate reverts to the standard rate of 21.74% 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, it has a low minimum income requirement of $15,000 per year, which may make it easier for some folks to get approved for.
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 some great peace of mind with the 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 with no balance transfer fee.
Pros
- 0% p.a. first 15 months on balance transfers
- No Balance Transfer Fee
- Low purchase rate of 12.49% p.a.
- Low annual fee
Cons
- Introductory balance transfer offer reverts to 21.74% p.a. after the period ends
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-Australian permanent resident with more than 9 months remaining on your Visa
Minimum income of $15,000 p.a.
You have your personal details ready to complete the online application
Customer reviews
when i called ANZ i was told maximum amount for balance transfer is only 95% of 15000
Does not recommend this cardThis is a great first credit card for anyone wanting some spare cash for when they need it. A very low annual fee, and easy to maintain statement, don\'t hesitate get one now!!!!!!!!
Does not recommend this cardAs 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 cardA great 0% offer from a great bank.
Recommends this cardFor 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 cardLow on-going interest rate and annual fee with 0% balance transfer that reverts to purchase rate.
Recommends this card
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 Question
Something you need to know about this card? Ask a our credit card expert a question.
Ask a question301 questions (showing the latest 10 Q&As)
What are the chances of getting a $5000 credit card when in debt?
Hi SJ, debt is not the issue, its your ability to service the debt. If you have good credit and have excess funds available each month to pay a new credit card. Then you should be able to get approved. If you are pushed to the limit with your current commitments then it is unlikely. I would suggest that you reduce expenses to free up more cash.
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