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ANZ Low Rate Credit Card
ANZ Low Rate Credit Card

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

$0 over 15 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 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

  • 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. 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

ANZ Low Rate Credit Card ( based on 58 Creditcard.com.au user reviews )

88% rating based on 58 reviews

Rates
Fees
Rewards
Customer Service
Value
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 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

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.

315 questions (showing the latest 10 Q&As)

Luke

Luke

17 February 2020
Hi Roland Can I get approved for this card if Ive been with my current employer less than three months?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 February 2020
    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.
Danny lawler

Danny lawler

10 February 2020
Can I apply with very poor credit rating am a pensioner
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    10 February 2020
    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.
Ethan W

Ethan W

6 February 2020
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?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 February 2020
    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.
Paul Londas Ngaheu

Paul Londas Ngaheu

3 February 2020
Can I raise my limit to $3000,00
Limbani

Limbani

2 February 2020
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..
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 February 2020
    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.
Robyn wilson

Robyn wilson

29 January 2020
On carers pension.receive 840 a fortnight
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 January 2020
    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.
md hannan rana

md hannan rana

27 January 2020
i have a credit card 1000 aud limit. now i wanna increased my balance. how i can apply for more balance
Sammy little

Sammy little

19 January 2020
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
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 January 2020
    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.
Rommel

Rommel

4 January 2020
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
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 January 2020
    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.
Ally

Ally

12 December 2019
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?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 December 2019
    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.
Amy Breedveld

Amy Breedveld

30 November 2019
Hi, looking at the low rate credit card for a balance transfer. Can I transfer a personal loan to this credit card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 December 2019
    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.
Reuben

Reuben

27 November 2019
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.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 November 2019
    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.
Denise Hegarty

Denise Hegarty

29 October 2019
what is the income requirement
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 October 2019
    HI Denise, its $15,000 a year to apply as a minimum income.
FikreMariam Abraha

FikreMariam Abraha

24 October 2019
I need 2 get a credit card
Breanna

Breanna

4 October 2019
Hello. I'm just enquiring about a credit card. I'm wanting to build up my credit report
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    8 October 2019
    Hi Breanna, this is a good entry level credit card from ANZ. What questions do you have? You can apply online for this offer.

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