On website
ANZ Low Rate Credit Card
Balance transfer
28 months at 0% p.a.
Purchase rate
13.74% p.a. ongoing
Annual fee
$0.00 for 1st year
Highlights
- Enjoy 0% p.a. for 28 months on balance transfers with a 3% balance transfer fee (then reverts to 21.99% p.a.) Terms and Conditions apply.
- First-year annual fee waived ($58 subsequently).
- Continuous low rate of 13.74% p.a. on purchases.
- Enjoy up to 55 days interest-free on purchases by settling your account completely each month.
Pros and cons
Pros
Cons
About this credit card
Basics
Card usage
Eligibility
Additional cardholders
Credit limits
Repayments
Balance transfers
Balance transfer offer
Balance transfer conditions
Rates, fees, charges
Cash advances
Purchases
Account fees
Rewards
Rewards program basics
Rewards points per $1 spent
Additional perks
Insurance
Travel and lifestyle
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
The basics
- Additional cardholders. You can have up to 3 additional cards for friends and family for free. Bear in mind that it is the account holder who will be responsible for repayments and account management.
- Digital wallets. The ANZ Low Rate card works with Apple Pay, Google Pay, and Samsung Pay plus wallets for other wearables.
- Gambling transactions. ANZ does not block gambling-related transactions, but they will be charged the cash advance rate.
Rewards and benefits
- Complimentary travel insurance. This card does not come with complimentary travel insurance.
- Concierge services. This card does not come with access to a concierge service.
- Rewards points. This credit card does not have a rewards program, which is to be expected of a no-frills low-rate card.
- Sign-up bonus. Unsurprisingly, you won't get any bonus for signing up for the ANZ Low Rate.
Rates and fees
- Annual fee. This card has no annual fee in the first year, rising to $58 p.a. thereafter.
- Balance transfers. The introductory balance transfer offer for the ANZ Low Rate is 0% p.a. for 28 months, which is very competitive against other balance transfer offers. You can use up to 95% of your credit limit for balance transfers from any credit card, store card, or charge card other than those issued by ANZ. It is not possible to balance transfer from a personal loan.
- Cash advances. If you use this card to make a cash advance, you will be charged interest starting immediately at the rate of 21.99% p.a. As well as interest, ANZ will apply a fee to process the cash advance.
- Foreign exchange fee. Purchases made in a foreign currency will attract a 3% fee.
- Interest-free period. Get up to 55 days interest-free on purchases (except for transactions classed as cash advances) when you have paid your previous balance in full.
- Purchases rate. There is no introductory offer for purchases. Purchases made with the card will attract interest at 13.74% p.a. until they are paid off.
Reviewed by Credit Card Compare Staff
User reviews
Convenience
Customer service
Rates and fees
Rewards
Trust
Value for money
Reviewed by Anon
Can't wait to pay it off
Reviewed by Anon
Not overly good
Reviewed by Kevin
Great low rate no frills card
Reviewed by Michelle
Recommended, very handy
Reviewed by Anon
Not a happy chap with this chip
Reviewed by Kish
Generally pleased with this card
Reviewed by Amanda
Very happy with this card
Reviewed by Cameron
Mostly happy with my card
Reviewed by Mum
I think the interest rate is too dear
Reviewed by Marie
Good if you can afford to pay the full balance
Reviewed by Barbara
Had my card for a few years
Reviewed by Bygon
Sloppy customer service
Reviewed by Gary Mitchell
Overall pleased with this card
Reviewed by Westpac Mastercard
Great all round card
Reviewed by Kylie
Probably best in the market balance transfer
Reviewed by Barshat Pathak
Great balance transfer rate
Reviewed by Andrea
No frills credit card
Reviewed by Lyle
Great credit card to have
Reviewed by Kylie
Good card, but minimal rewards
Reviewed by Bianca
I am happy with my choice to bank with ANZ
Reviewed by Alexander Peel
I wish I never had this one
Reviewed by Liz
I would prefer a card with no annual fee
Reviewed by Terry
Fees, fees, fees
Reviewed by Anon
I would love to get rid of it
Reviewed by Miss Trouble
Good features, shame about the annual fee
Reviewed by Tia
Easily managed and suits me well
Reviewed by Ronda
Fair credit card
Reviewed by Kath A
Happy with my credit card
Reviewed by Happy HG
Low rate credit card
Reviewed by Glenn
Pleased with this card
Reviewed by Nat
A great card to shop online
Reviewed by Rose
Wonderful credit card
Reviewed by N/A
A great card that's simple and easy
Reviewed by Andrew
Generally pleased with this card
Reviewed by ANZ credit card
Generally happy with this card
Reviewed by Kate
It's well worth it, good rates
Reviewed by Stacey
I feel like I'm in charge
Reviewed by Jodie
Convenience
Reviewed by MasterCard
Excellent savings
Reviewed by Anni
This card is very good
Reviewed by Richie C
Has been quite convenient for me
Reviewed by Anon
The interest rate is way too high
Reviewed by Faye
Low fee structure
Reviewed by Adam Cox
Saving huge interest on $7,500 limit
Reviewed by Anon
Brilliant card
Reviewed by Anon
Generally pleased with this card
Reviewed by Debra Flook
This card suits my needs
Reviewed by Rhonda Whittaker
Convenient, no fuss
Reviewed by SL
Generally pleased while living on credit
Reviewed by Sherri
Credit where credit is due
Reviewed by Chris
Long time customer
Reviewed by Darren
Terrible
Reviewed by Suzie
I didn't save or lose money
Reviewed by Kalie
Helped us cope with medical bills
Reviewed by Kathryn
Good balance transfer card
Reviewed by Brook
Generally happy with this card
Reviewed by Tara
Happy with my card
Reviewed by Brendan
Could be any card—nothing special
Reviewed by Jade
I wish I didnt get it
Reviewed by Eloise
Good low interest no-frills card
Reviewed by Deborah
I saved money at the beginning
Reviewed by Helen
Only emergency card
Reviewed by Angela
Rate is good
Reviewed by Sheila
Very pleased with this card
Reviewed by Stacey
Good rates and no messing with rewards and frills
Reviewed by Peter
Good first card
Reviewed by Mitchell
Good for emergencies
Reviewed by Naomi
Generally pleased, saved a ton on interest
Reviewed by Julia
I have saved a lot of money using this card
Reviewed by Nathan
I have saved with this low rate
Reviewed by Mary
Small annual fee
Reviewed by Cinsha
Convenient yet confusing
Reviewed by Shivani
Low annual fee, but beware late payment fee
Reviewed by Jessica
High fees, no rewards
Reviewed by Kim
Saved on fees
Reviewed by Jess
Great for emergencies but looking to clear card
Reviewed by Michelle
Switched to get lower interest charges
Reviewed by Alice
Charges and harassment for late payment
Reviewed by Jacinta
Not much bang for your buck
Reviewed by Christine
Helped me when I was struggling financially
Reviewed by Michael
Competitive rates, exceptional service
Reviewed by Sherisse
Low rate card linked to our bank account
Reviewed by Tshinta
Fuss-free application process, low interest
Reviewed by David
Low interest and balance transfer a breeze
Reviewed by Ashleigh
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