- 0% p.a. for the first 20 months on balance transfers (no balance transfer Fee)
- 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 22 March 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 20 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 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 20 months No balance transfer fee.
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 20 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.
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 20 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 limit $1,000
Maximum credit limit N/A
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% or $25
Annual fee the first year $0
Cash advance fee Consumer: 2% or $4 whichever is greater (2% or waived for RTA); Commercial: 1.50% or $1.50 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 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 20 months on balance transfers. Reverts to standard balance transfer rate, currently 20.24% p.a. No Balance Transfer Fee.
- 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.
- PayWave 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
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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 question386 questions (showing the latest 10 Q&As)
Am I able to transfer the balances of 2 credit cards in my spouses name if I apply for this card in my name only? And will there be any issues transferring the balance of an Amex card? Thanks.
Hi Michelle, as far as I can tell, there is nothing in ANZ's balance transfer conditions, 'how to make a balance transfer' page or balance transfer application form that say you can't transfer debt from your spouse's cards. You can transfer balances as long as the original institution allows BPAY payments (and American Express does). You'll need to provide the other account issuer's name, card type, account number, BPAY biller code and amount to be transferred. If you have concerns about your eligibility you can always give ANZ a call directly. I hope that helps.
can you transfer the balance of more than 1 card when signing up for a 0% balance transfer credit card?
Hi Jaye, it depends on the card but usually you can transfer at least 3 balances. ANZ doesn't specify how many balances you can transfer, just that you can transfer up to 95% of your available credit limit from non-ANZ credit and store card accounts. I hope that helps.
ANZ will be closing Balance vusa accounts soon, if there is an outstanding debt to ur account i cant transfer to another ANZ account or create a new one if debt isnt paid first is that correct. Can i remain with ANZ
Hi Antonio, you cannot balance transfer debt from one ANZ card to another ANZ card. This is the case with all credit cards in Australia. If you'd like to transfer your balance, you'll need to get a card from a different bank.
Hi , I am an existing ANZ customer using this low rate credit card. May I take adcantage of this 20 month , o% balance transfer offer?
Hi Julie, unfortunately not. This offer is only available to new applicants who request the balance transfer upon application. There are lots of other balance transfers you can compare - but please note that you cannot balance transfer between the same bank.
Hi there. I’m looking to apply for a low rate credit card to build good credit. I’ve ordered my credit report from Equifax, Illion and Experian and they’re all clear and have 2 seperate credit sites that show my credit score to be above 700. My taxable income is $58,000 and have been working full time for 4 years. Would I be eligible to apply for a credit card of $5,000? I’ve used Afterpay services quite a bit in the past, only occasionally now, and was all paid in a timely manner. However I’ve seen articles about how it’s frowned upon by banks when applying for loans and credit cards. Will this hurt my chances? I already Bank with ANZ so I’m assuming when I apply they will have immediate access to my bank statements. Sorry for long novel of information. Thanks.
Hi Alysha, unfortunately I can't give you an indication of your likelihood of approval. The eligibility criteria listed by ANZ is: Be 18 years of age or over, and Be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your visa, and Have a good credit rating. It sounds like you meet all of those, and if you already bank with ANZ it might be a good idea to give them a call and discuss your questions. Some use of Afterpay doesn't automatically hurt your chance of being approved for a credit card, especially if it was all paid off in time.
Please confirm when the introductory balance transfer offer ends.
Hi CMH, there is no specified end date for this offer. ANZ reserves the right to withdraw it at any time.
Mre
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