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Purchase rate

12.49% p.a.

Balance transfer

0% 15 months
0% Complete (success)
reverts to 21.74% p.a. No BT fee

Annual fee

$58 p.a.
58% Complete (success)

Pros

0% p.a. first 15 months on balance transfers

No Balance Transfer Fee

Low purchase rate of 12.49% p.a.

Low annual fee

Cons

Introductory balance transfer offer reverts to 21.74% p.a. after the period ends

ANZ Low Rate Credit Card

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 15 months on balance transfers. No Balance Transfer Fee and the rate reverts to standard balance transfer rate, currently 21.74% p.a. The card comes with a low purchase rate of 12.49% p.a. and a low annual fee of $58.

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 15 months on balance transfers. No Balance Transfer Fee. Reverts to standard balance transfer rate, currently 21.74% p.a.
  • Low purchase rate of 12.49% p.a.
  • Up to 3 free additional card holders on the account
  • $58 annual card fee
  • PayPass for quick transactions under $100
  • ANZ's Fraud Money back guarantee
  • Worldwide card replacement in emergencies
  • ANZ's Falcon security monitors your transactions for suspicious activity
custom Image

0% p.a. for the first 15 months on balance transfers

Pay no balance transfer fee and get up to 15 months to pay off your debt at 0%. Any unpaid balance transfer at the end of the 15 months reverts to 21.74% p.a.

89% of customers who have rated this card would recommend it
  • Rates
    90%
  • Fees
    88%
  • Rewards
    N/A
  • Customer Service
    86%
  • Value
    88%
Overall user rating 88%
56 reviews

63% Visitor

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% Visitor

A great 0% offer from a great bank.

Recommends this card

Interest Rates
Purchase rate 12.49% p.a.
Cash advance rate 21.74% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 0% p.a. for 15 months
Balance transfer fee No fee
Balance transfer revert rate 21.74% p.a.
Balance transfer limit 95% of your approved new credit limit
Balance transfer from personal loan No
Banks you can't balance transfer from ANZ
Credit limits
Minimum credit limit $1,000
Maximum credit limit $15,000
Fees & repayments
Annual fee $58 p.a.
Additional cardholder fee Up to 3 at no extra cost
Cash advance fee 2%
Foreign transaction fee 3%
Minimum repayment 2%
Late payment fee $20
Credit card type Visa
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance No
Extended warranty insurance No
Rental vehicle excess cover No

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.

Overall Rating

A simple low rate, low annual fee card with a nice balance transfer offer with no balance transfer fee.

303 questions (showing the latest 10 Q&As)

Jay

Jay

5 May 2019
How can I get another credit card to do balance transfer when I'm wanting to do it at maxed out however plan is to lose card down after transfer why do they not consider this jus changed jobs need few months to get the bigger money back in
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 May 2019
    Hi Jay, I suggest you read through our credit card application tips. If you are maxed out in your current card. This is a bad sign to the banks and could mean that you are declined for a balance transfer. I suggest that you pay it down at least until the credit limit is below 85% before applying. Credit card approvals are getting tougher with the banks having access to more information. Plus regulations have tighten on how quickly you are required to pay off your card. Changing jobs can be a red flag as well. I suggest that you settle into the new role. Look at your budgeting. Take some actions from our tips.
J

J

2 April 2019
When I apply for this card I want to transfer a balance from another card. Do I already need to have an existing debt from that other credit card before submitting my application? To clarify I wanted to make a large purchase and I’m checking if I should make it before I apply for the new card. Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 April 2019
    Hi J, yes you need to have the debt at the time of application. When you complete the online application. You will specify your current non-ANZ credit or store card debt that you wish to balance transfer. Once approved, then soon after card activation, ANZ will make a payment on your behalf off your old card(s). To the amount that has been agreed in the application and approval process.
Sj Camper

Sj Camper

20 January 2019
What are the chances of getting a $5000 credit card when in debt?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 January 2019
    Hi SJ, debt is not the issue, its your ability to service the debt. If you have good credit and have excess funds available each month to pay a new credit card. Then you should be able to get approved. If you are pushed to the limit with your current commitments then it is unlikely. I would suggest that you reduce expenses to free up more cash.
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Permanent Australian resident or non-Australian permanent resident with more than 9 months remaining on your Visa
  • Minimum income of $15,000 p.a.
  • You have your personal details ready to complete the online application
ANZ Low Rate Credit Card
ANZ Low Rate Credit Card

ANZ Low Rate Credit Card

Updated 16 May 2019

Purchase Rate (p.a)

12.49%

Balance Transfer (p.a)

0% for 15 months No BT fee. reverts to 21.74% p.a.

Annual Fee (p.a)

$58

$0 over 15 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. first 15 months on balance transfers
  • No Balance Transfer Fee
  • Low purchase rate of 12.49% p.a.
  • Low annual fee

  • Introductory balance transfer offer reverts to 21.74% p.a. after the period ends

Creditcard.com.au review

Editor Review

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.

Overall Rating

A simple low rate, low annual fee card with a nice balance transfer offer with no balance transfer fee.

User reviews

ANZ Low Rate Credit Card ( based on 56 Creditcard.com.au user reviews )

88% rating based on 56 reviews

Rates
Fees
Rewards
Customer Service
Value
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 21.74% p.a.

Interest free on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 15 months

Balance transfer revert rate 21.74% 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 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 2%

Cash advance fee 2%

Late payment fee $20

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover No

Overview

ANZ Low Rate Credit Card

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 15 months on balance transfers. No Balance Transfer Fee and the rate reverts to standard balance transfer rate, currently 21.74% p.a. The card comes with a low purchase rate of 12.49% p.a. and a low annual fee of $58.

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 15 months on balance transfers. No Balance Transfer Fee. Reverts to standard balance transfer rate, currently 21.74% p.a.
  • Low purchase rate of 12.49% p.a.
  • Up to 3 free additional card holders on the account
  • $58 annual card fee
  • PayPass for quick transactions under $100
  • ANZ's Fraud Money back guarantee
  • 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-Australian permanent resident with more than 9 months remaining on your Visa

  • Minimum income of $15,000 p.a.

  • 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.

303 questions (showing the latest 10 Q&As)

Jay

Jay

5 May 2019
How can I get another credit card to do balance transfer when I'm wanting to do it at maxed out however plan is to lose card down after transfer why do they not consider this jus changed jobs need few months to get the bigger money back in
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 May 2019
    Hi Jay, I suggest you read through our credit card application tips. If you are maxed out in your current card. This is a bad sign to the banks and could mean that you are declined for a balance transfer. I suggest that you pay it down at least until the credit limit is below 85% before applying. Credit card approvals are getting tougher with the banks having access to more information. Plus regulations have tighten on how quickly you are required to pay off your card. Changing jobs can be a red flag as well. I suggest that you settle into the new role. Look at your budgeting. Take some actions from our tips.
J

J

2 April 2019
When I apply for this card I want to transfer a balance from another card. Do I already need to have an existing debt from that other credit card before submitting my application? To clarify I wanted to make a large purchase and I’m checking if I should make it before I apply for the new card. Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 April 2019
    Hi J, yes you need to have the debt at the time of application. When you complete the online application. You will specify your current non-ANZ credit or store card debt that you wish to balance transfer. Once approved, then soon after card activation, ANZ will make a payment on your behalf off your old card(s). To the amount that has been agreed in the application and approval process.
Sj Camper

Sj Camper

20 January 2019
What are the chances of getting a $5000 credit card when in debt?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    21 January 2019
    Hi SJ, debt is not the issue, its your ability to service the debt. If you have good credit and have excess funds available each month to pay a new credit card. Then you should be able to get approved. If you are pushed to the limit with your current commitments then it is unlikely. I would suggest that you reduce expenses to free up more cash.

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