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ANZ Low Rate Credit Card – 0% Balance Transfer
ANZ Low Rate Credit Card – 0% Balance Transfer

ANZ Credit Cards

ANZ Low Rate Credit Card – 0% Balance Transfer

Updated 2 January 2021

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.

$0 over 25 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 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

  • 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. 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

ANZ Low Rate Credit Card – 0% Balance Transfer ( based on 61 Creditcard.com.au user reviews )

87% rating based on 61 reviews

Rates
Fees
Rewards
Customer Service
Value
0%

Mre

3 September 2020

Do the ANZ accept applications from DSP recipients. I own my property,

Recommends this card
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 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

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.

375 questions (showing the latest 10 Q&As)

Katrina Becker

Katrina Becker

7 January 2021
Hi I’m looking to transfer my westpac credit, the reason I wanted to transfer is I would like 0 present..... I was wondering if this is at possible and if so how do I go about this or what’s the best option....
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    8 January 2021
    Hi Katrina, yes it is possible to transfer Westpac credit card debt to this ANZ offer. Review the information on the page. Then click on the get started / go to offer button. You can complete an online application on the ANZ site in around 10 mins.
Joo

Joo

7 January 2021
I am currently holding an ANZ platinum visa card with a credit limit of $6000. I hardly use my credit card now but plan to have a credit card just in case. I have seen the ANZ low rate credit card and would like to consider changing it. How do I go about doing it? What is the credit limit for this card? Thank you.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 January 2021
    Hi Joo, you can go into branch and speak about how you may be able to change your card. Agree if you are not using much. Best to stick to a card that has lower fees and rates. Max limit on the ANZ Low Rate card is $15,000
Greg

Greg

6 January 2021
Can i transfer an existing ANZ credit card to this card with 0% interest balance transfer option.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 January 2021
    Hi Greg, no. A balance transfer must be between different banks. If you are looking to transfer ANZ debt. Then you need to look outside of ANZ offers. The Westpac Low Rate may be suitable.
Netra Bikram Thapa

Netra Bikram Thapa

4 January 2021
Is there any cancellation fee after one year? Is there any charge if i cancel before one year?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 January 2021
    Hi Netra, no cancellation fee. No charge or penalty for cancellations at any time.
David

David

4 January 2021
Can I transfer the whole amount of a different cc to this 0% balance transfer option. Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    4 January 2021
    Hi David, yes this is possible, subject to your new credit limit approved by ANZ. With this offer, you can transfer up to 95% of approved credit limit. That means if you get approved for a 10k limit. Then you can transfer up to $9,500
Claudia

Claudia

13 December 2020
Can you apply if your income solely is centrelink as your on maternity leave but still employed?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 December 2020
    Hi Claudia, it is possible. Though I would suggest you wait until you are back at work. Income v expenses (affordability) is a key factor for approval. As your income maybe lower, then this will make it harder. Better to wait than get a decline.
Binod

Binod

7 December 2020
Can I balance transfer to hsbc credit card with 0% from my previous anz credit card ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 December 2020
    Hi Binod, you can transfer ANZ credit card debt to a HSBC balance transfer offer (subject to credit approval).
Corey

Corey

25 November 2020
Hi there, could you please help me with some advice for my first CC. I’m 26, a full time student and working part time earning around 50k a year, my credit score on some sites (clearscore) is 695, but on others it’s only 495. I last applied for a CC in early May and got rejected. (I probably applied for the wrong one as I didn’t know student cards were a thing!) I’m looking at getting a low cost card to try and improve my score, so I don’t care about benefits or rewards. Could you please recommend a suitable card/s I should look into? Thanks!
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    25 November 2020
    Hi Corey, the ANZ Low Rate is a good option. It has low minimum income requirements and generally is easier to get approved for. With good use, this will improve your credit. Then once you are clearer in how you use your card. Then you can look to upgrade if required.
Syam

Syam

21 November 2020
Suppose if I transferred money $4000 from anz credit to debit Common Wealth card. Then how much money will be charged in a month.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    23 November 2020
    Hi Syam, this would be considered a cash advance. The cash advance rate on this card is 20.24% p.a. Interest for the first month would be $67.47. Then you have cash advance fee of $80 also.
Bron Livesey

Bron Livesey

8 October 2020
Is the yearly fee charged per calendar year or for a 12 month period from when you joined?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 October 2020
    Hi Bron, its 12 months from when your card was approved.
Russell

Russell

29 September 2020
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.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    1 October 2020
    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.
Lovemore

Lovemore

24 September 2020
Hi, Can i transfer my personal flex loan balance from another bank onto this card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 September 2020
    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.
Law

Law

22 September 2020
What is the best credit card for online advertising eg. paying for Facebook ads & Google ads.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    23 September 2020
    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.
Sylvia

Sylvia

21 September 2020
How mutch cash advance u take on credit cards
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 September 2020
    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.
Bittu

Bittu

21 September 2020
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?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 September 2020
    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.
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