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 21.74% 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, it has a low minimum income requirement of $15,000 per year, which may make it easier for some folks to get approved for.
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 some great peace of mind with the ANZ Fraud Money Back Guarantee, and 24/7 Falcon fraud monitoring, which monitors your transactions for suspicious activity.
A simple low rate, low annual fee card with a nice balance transfer offer with no balance transfer fee.