- 0% p.a. for the first 25 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
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ANZ Credit Cards
ANZ Low Rate Credit Card – 0% Balance Transfer
Updated 21 October 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 25 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 pay no annual fee 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 25 months
1.5% balance transfer fee applies.
Reverts to 20.24% p.a.
Annual Fee (p.a)
$0 first year. Then $58 p.a.
Pros and cons
- 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. Ask Roland a Question 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 25 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
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 25 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
Annual fee the first year $0
Cash advance fee 2% Consumer Cards or Business Cards Cash Advance Fee: $1.50 and 1.50% - whichever is greater5
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 25 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 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 question366 questions (showing the latest 10 Q&As)
Is the yearly fee charged per calendar year or for a 12 month period from when you joined?
Hi Bron, its 12 months from when your card was approved.
I am wondering if I am able to get a credit card?
I am on a careers pension, have been for years.
I am looking for a card to get my credit rating up.
Hi Russel, sure this is possible with ANZ. Approval will depend heavily on affordability. Additionally keeping a positive bank balance and paying all bills on time. If you have not applied for credit in 6 months. Then you can have a go and see what ANZ say.
Hi,
Can i transfer my personal flex loan balance from another bank onto this card?
Hi Love, no you cannot with this ANZ offer. I assume its the Westpac line of credit product you would like to transfer. Have a look at the Citi Rewards Platinum. This product can take non-Citi loan debt.
What is the best credit card for online advertising eg. paying for Facebook ads & Google ads.
Hi Law, I like using AMEX cards. This is based on no extra fees for use. The highest and uncapped points earning. This is if you pay your account in full each month. Any premium rewards card would suit though it depends on how much your monthly spend is.
How mutch cash advance u take on credit cards
Hi Sylvia, you can cash advance up to your credit limit. You money out at an ATM to a typical limit of $2,000 a day. Or you can go in branch and then take to your limit. A cash advance is no way related to the 0% balance transfer offer and is charged at the cash advance rate.
1)I want to make an international transfer between 15,000 to 22,000(to clear my debt back at once)is their any possibility to do it,if yes how much is the interest,balance transfer fee and do I get 22 months time to payback the amount ?
2)if no can I Make a international transfer from some other account(Not mine) and pay back the amount from this low rate card to that account?
Hi Bittu, you misunderstand what a balance transfer is. This is when you transfer current Australian credit card debt to this card. You cannot just transfer the funds to a bank account here or overseas. Then pay back. Maybe your best option would be a low rate personal loan for this type of activity. Then you can get the funds in your bank account. Then pay back over time. A few options are Society One or NAB.
Creditcard.com.au Visitor
28 January 2013As 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 cardCreditcard.com.au Visitor
28 January 2013A great 0% offer from a great bank.
Recommends this cardGeoff Atkins
28 January 2013For 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