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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 22 November 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.

$0 over 30 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 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.

  • 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

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt 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

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 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

Pauline

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

400 questions (showing the latest 10 Q&As)

Mahadev

Mahadev

19 October 2021
ANZ Low rate Credit Card Maximum Limit
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    20 October 2021
    Hi Madadev, the maximum credit limit ANZ can approve you for actually depends on several factors - e.g. your yearly income, ability to pay, credit score and other proprietary data points they don’t disclose.
fareen

fareen

10 October 2021
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
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 October 2021
    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.
Brian Chen

Brian Chen

2 September 2021
Hi, how much interest must I pay if I miss a monthly repayment?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 September 2021
    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.
helen

helen

16 August 2021
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?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    17 August 2021
    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.
Navroop

Navroop

21 July 2021
Hi This Balance transfer card can transfer to clear personal loan ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    23 July 2021
    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!
IHG

IHG

7 July 2021
I had another ANZ card (QFF Black Rewards) in the last 12 months. Am I eligibile for this offer?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 July 2021
    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.
Edelbert Dsouza

Edelbert Dsouza

2 July 2021
Hello. What's the maximum credit limit on your 30 month 0% balance transfer credit card? Thanks, Eddie
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 July 2021
    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.
Debra

Debra

2 July 2021
Are you able to pay this balance transfer off earlier than the 30 months advertised.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 July 2021
    Hi Debra, Thanks for your message. The short answer to this question is yes, you can make more than the minimum payment each month.
hamt

hamt

10 June 2021
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.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 June 2021
    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!
hamt

hamt

9 June 2021
Hello, is there credit cards for low income / not working ? Will I need someone to help me apply for it? Thanks
R Hansson

R Hansson

17 May 2021
How do I apply?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 May 2021
    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.
Tarah

Tarah

14 May 2021
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.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    14 May 2021
    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.
Ted

Ted

9 May 2021
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?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    10 May 2021
    Hi Ted, the ANZ T&C's state that this offer is only available for eligible for new and approved card applicants.
Andrew

Andrew

20 April 2021
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
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 April 2021
    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.
Michelle

Michelle

8 April 2021
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.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 April 2021
    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.
jaye

jaye

7 April 2021
can you transfer the balance of more than 1 card when signing up for a 0% balance transfer credit card?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    8 April 2021
    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.
Antonio

Antonio

30 March 2021
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
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 March 2021
    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.
Julie

Julie

8 March 2021
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?
Alysha

Alysha

17 February 2021
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.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 February 2021
    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.
CMH

CMH

17 February 2021
Please confirm when the introductory balance transfer offer ends.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 February 2021
    Hi CMH, there is no specified end date for this offer. ANZ reserves the right to withdraw it at any time.
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