- Introductory balance transfer offer of 26 months interest free** (3% balance transfer fee, rate reverts to standard BT rate, currently 21.99% p.a.)
- OR choose ANZ Low Rate - Cashback offer to get $250 credit back to your new card when you spend $1,500 in the first 3 months from approval. T&Cs apply.
- No annual fee first year. Low annual fee of $58 thereafter
- Low purchase rate of 13.74% p.a.
- Up to 3 free additional cardholders on the account
- Worldwide emergency credit card replacement
- Tap and go with Visa payWave
- Eligible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.
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ANZ Credit Cards
ANZ Low Rate Credit Card – 0% Balance Transfer
Updated 2 May 2025
Along with a low interest rate, the ANZ Low Rate Card also offers one of the best balance transfer offers available: a massive 26 months interest-free on a balance transfer with 3% balance transfer fee . The annual fee is also low at $58, and free for the first year. This is a basic, low-cost card that could be a good fit if you need breathing space to deal with debt.
*T&Cs, eligibility and spend criteria, fees and charges apply (including an annual fee, currently $58).
Purchase Rate (p.a)
13.74%
Balance Transfer (p.a)
0% for 26 months 3% balance transfer fee applies.
Reverts to 21.99% p.a.
Annual Fee (p.a)
$0 first year. Then $58 p.a.
Pros and cons
- Introductory balance transfer offer reverts to 21.99% 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 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The ANZ Low Rate Credit Card - Balance Transfer Offer
If you’re looking for a simple, affordable credit card, the ANZ Low Rate credit card delivers well. It charges a low interest rate plus an admirable introductory offer that could be a huge help if you need to consolidate some debt and pay it down.
⭐The ANZ Low Rate card has two introductory offers to choose from: here, we're reviewing the card and its Balance Transfer offer. If you're interested in getting cashback instead, you can see our review of the ANZ Low Rate credit card - Cashback offer (same card, different introductory bonus). With the cashback offer, you'll get $250 credit back to your new card plus $0 annual fee first year.**26 month promotional period starts when ANZ issues a Letter of Offer, not when the Balance Transfer is processed (usually 3-15 business days after card activation). Rate reverts to standard BT rate at the end of the promotional period, currently 21.99% p.a. T&Cs, eligibility criteria, fees and charges apply (including an annual fee, $0 for the first year, currently $58 thereafter).
The ANZ Low Rate card doesn't have many bells and whistles, but delivers exactly what it needs to for a low-cost, low-rate credit card.
What we love...
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 basic features.
Right now, the ANZ Low Rate card comes with two introductory offers - the balance transfer offer, and a $250 cashback offer. To see the cashback offer, check out our review here.
If you have existing credit card debts, the 26 -month 0% p.a. on balance transfers offer will give you wiggle room to pay it down without being charged interest in the meantime. Just be aware that a one-time 3% balance transfer fee applies and at the end of the intro period, the rate reverts to the standard balance transfer rate of 21.99% p.a. 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).
You'll also pay no annual fee for the first year (saving you $58), which helps keep costs down while you get stuck into your debt.
What’s not so great...
Being a fairly no-frills card, the ANZ Low Rate card doesn't have many complicated offers and features with a ton of scary fine print. Just make sure you factor in the balance transfer fee of 3%, and the 13.74% purchase rate if you don't pay off your card each month. It's a very low interest rate, but it's still adding to your card costs.
In terms of limitations, the main downside to this card is in its simplicity, which 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 (especially if you have debt to deal with) the ANZ Low Rate Credit Card does tick plenty of boxes.
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.
ANZ has teamed up with Cashrewards, which allows you to earn rewards at over 2,000 participating retailers. It's a way of earning freebies without owning a rewards credit card, which is a nice little side perk.
This card also provides worldwide emergency card replacement, up to 55 days interest-free on purchases, and up to three free additional cardholders. 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.
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
The ANZ Low Rate Credit Card - Balance Transfer Offer is a simple, low-interest card with two introductory offers - the 0% p.a. balance transfer rate for a 26 -month promotional period I've outlined here, OR $250 credit back to your new card (which you can see here). You'll pay $0 annual fee in the first year, then $58 thereafter. It's a very decent card if you're looking for a way to pay off debt without accruing more interest, want an emergency fund in your pocket, if you're new to credit cards or just want to use a credit card without paying a big annual fee.
User reviews
Rates and fees
Interest rates
Purchase rate 13.74% p.a.
Cash advance rate 21.99% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 26 months
Balance transfer revert rate 21.99% p.a.
Balance transfer from personal loan No
Balance transfer fee 3% one off
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 3.5%
Minimum repayment 2% or $25, whichever is greater
Annual fee the first year $0
Cash advance fee 3% of the transaction value or $3, 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
- Introductory balance transfer offer of 26 months interest free** (3% balance transfer fee, rate reverts to standard BT rate, currently 21.99% p.a.)
- OR choose ANZ Low Rate - Cashback offer to get $250 credit back to your new card when you spend $1,500 in the first 3 months from approval. T&Cs apply.
- Pay $0 annual fee the first year; $58 thereafter.
- Low purchase rate of 13.74% p.a.
- Up to 55 days interest-free period on purchases
- Up to 3 free additional cardholders on the account.
- 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 is a personal finance expert at CreditCard.com.au, with 9 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 our credit card expert a question.
Ask a question456 questions (showing the latest 10 Q&As)
What is the minimum balance transfer ?
Hi Keti, ANZ says that they’ll accept balance transfers starting at $100. Thanks!
For ANZ low rate 0% credit card, is it mandatory to provide the balance transfer request while applying credit card or can i apply for balance transfer later on once my card is approved. Currently, i don’t have any credit card debt but i was first looking to apply for a 0% credit card with anz and then make a transaction on my other card (non-anz) and then apply for balance transfer to 30 months period in anz. Would that work or should i have an existing debt on non anz card before applying for balance transfer?
Hi MM, i checked the fine print on this card and unfortunately, the balance transfer offer is only available at the time of applying for a new ANZ credit card. You might be able to use a 0% promotional offer credit card to fund the new purchase. You’ll get a set time period where you won’t pay interest for a certain period of time. Hope this helps you out.
Hi, Can you use the balance transfer option for a car loan on finance? I want to transfer the remaining balance onto this credit card. Please advise. Regards
Hi David, some cards do let you transfer personal loans but ANZ isn’t one of them unfortunately. You could look at Coles, Qantas Money, Virgin Money, or Citi as these cards allow you to transfer from a line of credit with BPAY, not just credit cards. I hope that helps!
I have been condisdering the citi bank transfer offer for 33k I have on a Commonwealth MC. I have an ANZ Visa card that I pay off each month. Can I tranfer the Netbank MC TO MY ANZ Visa?
Hi David, balance transfers are usually accepted between credit card brands, but not the same brand. So you should be able to transfer between CommBank and ANZ (but you couldn’t transfer from a CommBank card to a different CommBank card, for example). How much you can transfer depends on your credit limit too - ANZ allows you to transfer up to 95% of your available credit limit. So, you’d need to have around $35,000 in available credit on your card. I hope that helps! You can read more about balance transfers and how they work here .
Can a senior on a pension get this card?
Hi Ellen, low rate cards are generally a good option for low-income earners or people who aren’t earning PAYG income because the eligibility criteria can be lower. You can look at our blog on cards for pensioners to see what kind of documentation and requirements different banks are looking for. I hope that helps, thanks Ellen!
Can you get a balance transfer from a anz credit card.?
Hi Adam, short answer is nope. Most banks don’t allow balance transfers from their own books. You can compare other balance transfer credit cards and put your current bank into the filter above the table to help. Hope this helps, thanks!
can existing customers get the 0% balance transfer?
Hi Bruce, unfortunately this offer is only available to new and approved credit card applicants. If you're looking to transfer your debt you can compare some other balance transfer credit cards to see what else is out there.
I received a an ANZ credit card in the mail yesterday, can somebody from Card dept call me
Hi Daniel, you’ve reached Creditcard.com.au, Australia’s leading credit card comparison site. You can contact ANZ directly at 13 22 73.
hi, I have a Police bank Credit card and an S1 account. I want to close the S1 and just have my credit card, can I do that?
Hi Donna, it appears that the S1 is opened when you get your membership and generally would remain open with your membership. You’d be better off giving Police Bank a call on 131 728 to discuss your options. Good luck!
If I am an existing ANZ customer CAN I also take advantage of ANZ Balance Transfer Offer? I am about to pay a medical bill for $6000.00 on my existing ANZ credit card
Hi Heather, unfortunately the current balance transfer offer of the ANZ Low Rate Balance Transfer card is only available to new and approved ANZ credit card applicants only. Alternatively, you could consider comparing a range of cards that offer an introductory 0% p.a. offer on purchases.
I have credit card with anz and now I want to apply the credit card balance transfer can I apply the same bank or not? Because I can’t afford to pay the interest.
Hi Sakdiphat, unfortunately balance transfers are when you transfer a balance from your existing account to another bank card account. You’ll need to choose a provider that is different from ANZ. You can choose your provider from the drop down menu above the balance transfer credit card comparison, which will only show cards you can transfer to.
Hi, can you please tell me if the ANZ low rate credit card has zero foreign transaction fees and how long does an application typically take to process ?
Hi Beth! ANZ says it can take up to 4 days to process an application. This card does charge foreign transaction fees at 3%. There are other good low-rate options with no foreign fees on purchases on our comparison guide here that might help. Thanks Beth!
Can I link an ANZ First low rate credit card to the Qantas Frequent Flyer program (I am a paid member of this program). Thank you.
Hi Rosemary, the ANZ Low Rate card isn’t a rewards card and isn’t affiliated with the Qantas FF program, so I don’t think it would be possible. You can see cards that earn Qantas-related points here though. Thanks!
is there a card you would recommend if im only showing that income at the moment
Hi Nick, if you’re looking for low income cards, you can check out our comparison guide here. These cards are all low-interest or have low or no annual fees, which usually means the income requirements are lower. I hope that helps!
Hello just wondering if this ANZ low rate credit card has a weekly or monthly repayment guide or policy? thankyou
Hi Liv, this card has a monthly statement period where you’ll need to pay at least the minimum amount. ANZ also has an instalments plan feature, but that’s also paid monthly. You’re free to make extra repayments anytime, of course. I hope that answers your question, thanks Liv!
Hi, I just was applying for a balance transfer but I'm not 100% sure it went through to the end. I got to the part where it said it was approved. I havent received an emails to confirm so just want to check if I actually completed the application.
Hi Julie, you’re actually on Australia’s top credit card comparison site, Creditcard.com.au. I suggest calling ANZ directly at 13 33 33 to check your application.
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9 July 20241
Does not recommend this cardautumn
4 October 2023you yes
Recommends this cardCJ
17 May 2023I have applied for the card 11th of May with all the documents. I received a text message on 15th of May that they will be in touch via phone call next business day and pick a time slot for them to call. Its 18th May and no response at all. At leaset a text message saying a delay. I have been warned from others regarding the slow response time at ANZ. But I thought I'd give it a go. But its true! Apart from customer service whats on the description looks good.
Recommends this cardMre
3 September 2020Do the ANZ accept applications from DSP recipients. I own my property,
Recommends this cardCreditcard.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