- 0% p.a. for the first 30 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
- Up to 3 free additional card holders 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 6 October 2021
Choosing the ANZ Low Rate Card will not just give you a credit card with low ongoing interest rate but also presents a 0% p.a. for the first 30 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 30 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
- No rewards or points benefits
- No complimentary insurances
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 30 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 30 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 cardholder fee Up to 3 at no extra cost
Foreign transaction fee 3%
Minimum repayment 2% or $25, whichever is greater
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 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 30 months on balance transfers. Reverts to standard balance transfer rate. No Balance Transfer Fee.
- $0 annual fee the first year, $58 thereafter.
- Low purchase rate of 12.49% p.a.
- Up to 55 days interest free period on purchases
- Up to 3 free additional card holders 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
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 question399 questions (showing the latest 10 Q&As)
hi there, my enquiry is about "can i apply for a credit card with balance transfer request ,the card where the balance transfer needs to happen is on my husband's name " is it possible??? thanks a lot
Hi Fareen, it sounds like you’ll need to open up a joint account for your credit card application. There are only a handful of institutions that allow this type of process and the big 4 don’t offer joint credit accounts. You may be able to apply with Bendigo Bank, Hume Bank, Community First, Peoples Choice, Heritage Bank, Bank Australia or Australian Military Bank. You should check the requirements carefully before you submit your application. You can learn more about joint credit cards in our handy guide.
Hi, how much interest must I pay if I miss a monthly repayment?
Hi Brian, if you missed a monthly repayment, you will incur a $20 late payment fee and that may may attract interest a day after your due date and will affect your credit rating. I suggest making at least the minimum monthly repayment amount.
Hi, I have a client who wants to transfer his credit card balance to 0% to enable him to pay in off easier. He is on the pension and has a reverse mortgage on is home. is this something that can be looked at?
Hi Helen, what an interesting question! In general the government has policies to ban age discrimination for finance products. However, with your clients unique situation you should have a read of our Credit Cards for Pensioners guide. We go into depth with the finance providers in Australia and the requirements. It would be a good idea to chat to an accountant too. Let me know if you need any more information.
Hi This Balance transfer card can transfer to clear personal loan ?
Hi Navroop, great question. I checked on ANZ’s terms and unfortunately you can’t balance transfer a loan to an ANZ card. However, there are other financial institutions that allow you to balance transfer a personal loan. These are Citi, Qantas Money, Virgin Money and Coles, if your application is approved. Please keep in mind though that the total amount that you’re transferring doesn’t exceed 80% of the approved credit limit. Hope this helps!
I had another ANZ card (QFF Black Rewards) in the last 12 months. Am I eligibile for this offer?
Hi there, thank you for your question! We dug into the ANZ terms and conditions, and the ANZ Low Rate’s current 0% balance transfer offer is only available to new and approved credit card applicants.
Hello. What's the maximum credit limit on your 30 month 0% balance transfer credit card? Thanks, Eddie
Hi Edelbert, thanks for your question! The credit limit is actually set by the bank based on some eligibility factors, like credit score, payment history, etc. The maximum credit limit will be determined by ANZ during your application. Keep in mind that ANZ will allow 95% of your approved credit limit to be transferred.
Are you able to pay this balance transfer off earlier than the 30 months advertised.
Hi Debra, Thanks for your message. The short answer to this question is yes, you can make more than the minimum payment each month.
Thanks for the reply. Low Income Credit Cards accept low income. What is the key to get accepted do you think? I have applied but always get rejected. Maybe I applied for one that wasnt for low income earners.
Hi Hamt, thanks for your reply. Unfortunately banks keep their approval criteria pretty close to their chests. There’s a whole range of factors that go into being approved or rejected. If you’ve ordered a copy of your credit file, we’ve written a guide on how you can try to get back in the game after being declined. Beyond that, ensure that you're paying bills on time, keeping your accounts in good standing with the banks and keeping an eye on your credit file and score. Thanks again for the question!
Hello, is there credit cards for low income / not working ? Will I need someone to help me apply for it? Thanks
Hi Hamt, thanks for your question. You can check on the Low Income Credit Cards list we made. You can also read about our article Can You Apply For A Credit Card When You’re Self-employed? where applying for a credit card when unemployed is being discussed. It’s important to note that banks will require proof of income to be extended a credit card.
How do I apply?
Hi there, thanks for your question! To apply for the ANZ Low Rate credit card, you can click on the Go To Offer button at the top, or for your convenience, you can use this LINK then click on the Apply Now button.
Hi. I have a NAB creditcard that I’d like to do a balance transfer. My credit rating is in the 700s, but I’m a stay at home parent. Would I be ineligible to apply because I don’t work? Thanks.
Hi Tarah, thanks for your question! There are many factors that go into whether or not you’ll be approved for a credit card, including but not limited to income, debt levels, credit score and employment history.. Whilst we can’t comment on your chance of approval, it might be a good idea to call the bank and discuss your options before applying.
If I already have a different ANZ Card, Can I apply for this as a second card & be eligible for transfer of balance from another bank?
Hi Ted, the ANZ T&C's state that this offer is only available for eligible for new and approved card applicants.
Hi I’m interested in this credit card as I’d like to do a balance transfer from existing NAB credit card and take advantage of 0% within given timeframe of 20 months. Should ANZ approve the new credit card and complete the balance transfer, does this mean my NAB credit card will be closed or will it remain open ? Thanks
Hi Andrew, ANZ would move the debt over but it's your responsibility to close the old NAB card. If you don't, the account will remain open, you could still use the card, and you'd also be charged the annual fee.
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