- 0% p.a. for the first 15 months on balance transfers
- No Balance Transfer Fee
- Low purchase rate of 12.49% p.a.
- Eligible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.
- Low annual fee
- 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
Updated 2 January 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 15 months on balance transfers with no 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 15 months No BT fee. reverts to 20.24% p.a.
Annual Fee (p.a)
$58
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
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 15 months with no 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 with no balance transfer fee.
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 15 months
Balance transfer revert rate 20.24% 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
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
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 20.24% p.a.
- Low purchase rate of 12.49% p.a.
- Up to 3 free additional card holders on the account
- $58 annual card fee
- 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 question315 questions (showing the latest 10 Q&As)
Hi Roland Can I get approved for this card if Ive been with my current employer less than three months?
Hi Luke, it is possible, though may depend on your employment before the new job as well. As a general rule I say to apply post 6 months being in a job. Though if you have transitioned from one to another. Then it should not be as much an issue.
Can I apply with very poor credit rating am a pensioner
Hi Danny, you need to have good credit to get approved for a new credit card. A very poor credit rating will lead to a decline and even poorer credit. Once you get your credit back on track. You can look to apply for a card like this.
I'm working on a project and need to know the time that you have to pay for the monthly payment. Could you please help?
Hi Ethan, you will need to check your statements to see when you need to make your payment. If you login to the ANZ site and get into your credit card. It should show the payment date and how much is required at a minimum.
Can I raise my limit to $3000,00
Hi Paul, you will need to reach out to the bank directly on this request. Have a look at this page - https://www.anz.com.au/support/internet-banking/accounts/cards/change-limit/. It provides full details and access to the forms for doing this.
If i apply a credit card and get the $15k max..i want to pay my husbands credit card. Is it balance transfer?he got anz and another card..
Hi Limbani, a balance transfer must be between the same legal person. It also needs to be between different banks. Therefore you will not be able to pay your husbands credit card. What I suggest is looking at a low rate personal loan e.g. https://www.creditworld.com.au/cua-fixed-personal-loans.html. Then you can pay off his debt with this. Then down the track you can look to balance transfer that debt through a Citi issued card like https://www.creditcard.com.au/virgin-money-velocity-flyer-credit-card/. This will accept non-Citi loan debt as part or all of the transfer. Though I would suggest waiting 6 months from getting the loan before looking at the transfer.
On carers pension.receive 840 a fortnight
Hi Robyn, this would be above the minimum income to apply for this card. You need to have good credit for approval. That is be paying all your bills on time and have a no defaults or history of non-payment.
i have a credit card 1000 aud limit. now i wanna increased my balance. how i can apply for more balance
Hi Hannan, have a look at this page on the ANZ site - https://www.anz.com.au/support/internet-banking/accounts/cards/change-limit/. It provides full details of what you need to do.
I have a credit card with a $3500 limit and it’s currently sitting at $1900 debt. Can I balance transfer to ANZ? I’m working permanent part time and receive $ off Centrelink as well. What are my chances
Hi Sammy, approval depends on a range of factors. This debt level sounds fine for a balance transfer. A balance transfer must be between different banks. Therefore as long as the debt is non-ANZ, they can take it. There is a minimum income requirement of $15,000 for this ANZ card. As long as you meet the minimum requirements you can apply.
I’ve finished my debt agreement a few months ago and I’m looking to start building my credit score/history. I’ve recently been declined for a personal loan of $6k and have checked my credit report and couldn’t find anything bad (or anything at all), except on the declined loan application. Will it be okay if I was to apply and What are my chances of getting approved for this credit card? I’m looking for a card with even a $1k limit
Hi Rommel, since you were declined, I would wait at least 6 months from that application before applying for credit again. If you can look to cut expenses and increase the amount you save each month. Then this will increase the chance of being approved. Check out some more tips for approval here.
I want to improve my credit score but I have a default (fully paid) that is four years old, 1 year from being deleted. Is there any chance I might be approved for this card?
Hi Ally, its tough. I would say little chance of approval with the default. Though it depends greatly on what the default was for. If non-credit product related then not so bad and could be possible. You could have a shot and try and apply now. If you have not applied for credit over the past 12 months. If you get rejected then you will definitely need to wait until the default drops off. Having 1 hit for a credit card app on your credit file in that space of time will have little impact. So that is why you could have a go. Though when I was in the same situation. I did not apply until post the default being removed. As no one would give me a chance.
Hi, looking at the low rate credit card for a balance transfer. Can I transfer a personal loan to this credit card?
Hi Amy, no you cannot. Citi are the only issuer that you will accept loans as part or all of the balance transfer. How long a balance transfer period do you need? Have a look at the Virgin (issued by Citi) Low Rate. It has a low purchase rate plus 0% for 14 months on balance transfer with no fee.
Im just looking to improve my credit score as its currently below average and i really want to get it up and better I've spoken to various companies about improving it and one of their solutions were to get a credit card to show that i can make payments on it etc. i have a car loan at the moment which I'm close to closing the account on it ad i haven't got log left to pay, so I'm just wondering if it is possible for me to get a credit card with my credit score being quite low, i don't want to apply for a lot and get declined from everyone so I'm just wondering if it is possible for me to get one.
Hi Reuben, as a general rule you should not apply for credit more than once every 6 months. This ANZ Low Rate is one of the easier cards to get approved for. Approval depends on a range of factors outside of your credit score. The important thing is not to have any bad things on your credit file like defaults. I would definitely have a go with the ANZ Low Rate by the sounds of things.
what is the income requirement
HI Denise, its $15,000 a year to apply as a minimum income.
I need 2 get a credit card
Hello. I'm just enquiring about a credit card. I'm wanting to build up my credit report
Hi Breanna, this is a good entry level credit card from ANZ. What questions do you have? You can apply online for this offer.
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