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ANZ Low Rate
$ 15000
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$ 15000
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ANZ Low Rate Credit Card

ANZ Low Rate

Save on interest with a 0% balance transfer for 25 months.*

 

0% p.a. for 25 months on balance transfers and $0 Annual Fee in First Year with an ANZ Low Rate credit card (1.5% Balance Transfer Fee applies).*

A top choice if you’re looking to save on interest you may currently be paying, the ANZ Low Rate credit card has one of the longest balance transfer durations we’ve seen for a while. Enjoy Apple Pay and Google Pay compatibility as well as complimentary Visa Entertainment membership.

*New card. Reverts to standard balance transfer rate, currently 20.24% p.a. T&Cs, eligibility criteria, fees and charges apply (including annual fee, currently $0 for first year, $58 thereafter).

Balance Transfer Savings

0% Purchase Savings

View Offer

You could save

$4,924

Savings is an estimate of the amount saved on interest charges and annual fees, as a result of transferring an eligible balance to the 0% balance transfer card for the interest-free period.

The savings estimate is based on a daily compound interest rate formula, taking into consideration your inputs above, as well as applicable balance transfer and annual fees, along with the following assumptions:
• No additional purchases or withdrawals are made
• A minimum 3% balance repayment is made each month
• Annual fees for the current year are charged in the first month
• If applicable, the annual fee refund is processed in the month eligibility is met
• There are 30 days in each month
• Your existing card will be closed and will incur no further fees
• Other fees are excluded

All estimates are based on our assumptions and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms & Conditions for more information.

Go to offer links directly to the bank’s website. Please ensure you review the full terms and conditions on the bank’s website prior to applying.

in 25 months

You could save

$4,924

Savings is an estimate of the amount saved on interest charges and annual fees during the interest-free period, as a result of making a purchase on a 0% purchase card, rather than on your existing card.

The savings estimate is based on a daily compound interest rate formula, taking into consideration your inputs above, as well as the annual fee, along with the following assumptions:
• The purchase amount is incurred in the first month
• No additional purchases or withdrawals are made
• A minimum 3% balance repayment is made each month
• Annual fees for the current year are charged in the first month
• If applicable, the annual fee refund is processed in the month eligibility is met
• There are 30 days in each month
• Your existing card will be closed and will incur no further fees
• Other fees are excluded

All estimates are based on our assumptions and do not take into consideration your personal circumstances. Your experience may vary. Refer to our Website Terms & Conditions for more information.

Go to offer links directly to the bank’s website. Please ensure you review the full terms and conditions on the bank’s website prior to applying.

More info links to a detailed product page on our site.

in 25 months

12.49%
p.a.
Purchase Rate
$0

first year
then $58 p.a.
Annual Fee
0% for
25 months
Balance Transfer
12.49% p.a.
Purchase Rate
$0

first year
then $58 p.a.
Annual Fee
0% for
25 months
Balance Transfer
12.49% p.a.
Purchase Rate
$0
first year
then $58 p.a.
Annual Fee
$341

annual fees
Total Fees
Total Fees is a calculation based on the total annual fees charged for the number of months the promotional period applies. An annual fee is charged in full for each year or part of a year. The calculation considers annual fee refunds for minimum spend thresholds, as well as variances between first and subsequent year annual fees. No other fees are included in this calculation.

ANZ Low Rate Credit Card Review

Reviewed on 19 October 2020 by Vas – credit card expert & co-founder of Compare the Card

With 0% p.a. for 25 months on balance transfers and no annual fee in the first year, the ANZ Low Rate credit card is a great choice for those looking to save on interest they may currently be paying. Its 25 month balance transfer duration is one of the longest we’ve seen for a while, giving you more time to pay off your balance. Enjoy Apple Pay and Google Pay compatibility as well as complimentary Visa Entertainment membership.

What do we love about this card?

Looking for a balance transfer? With 0% p.a. for 25 months on balance transfers and a low annual fee of $58 p.a. (which is waived in the first year), the ANZ Low Rate credit card has a 1.5% Balance Transfer Fee and comes with ANZ’s lowest purchase rate of 12.49% p.a. The balance transfer limit is also very competitive, allowing you to transfer up to 95% of your available credit limit, which can often be a limiting factor on other balance transfer cards (which may have a limit as low as 70% or 80%). The generous 55-day interest free period makes it a great everyday credit card too.

The ability to use your card with the top mobile payment systems, including Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay is also a welcome feature. Another nice-to-have is that you can have up to 3 additional card holders at no additional cost, which is great if you’re looking to share the card. You’ll also enjoy peace of mind with ANZ’s Fraud Money Back Guarantee.

Does this card come with any extras?

You’ll get complimentary membership to Visa Entertainment, which gives you access to special offers, ticket pre-sales and movie screenings.

What could be better?

While this card is a great choice for someone looking for a 0% p.a. balance transfer or low everyday purchase rate, the balance transfer rate reverts to 20.24% p.a. after the introductory period, so aim to pay it off before then.

Summary

With one of the longest balance transfer durations we’ve seen for a while, the ANZ Low Rate credit card’s 25 month balance transfer offer is a top choice, giving you more time to pay off your balance. Its high balance transfer limit is also a strong point, allowing you to transfer up to 95% of your available credit limit, which can often be a limiting factor on other balance transfer cards.

Ready to apply?

You can apply for the ANZ Low Rate credit card securely via the ANZ website. The application process only takes 5 minutes.

Pros
  • 25 month balance transfer offer
  • Low 12.49% purchase rate
  • Up to 55 days interest free period
  • No additional cardholder fee
  • Low annual fee
Cons
  • Balance transfer fee of 1.50%
  • Relatively high international transaction fee of 3%
  • No rewards program
Other RequirementsYes
Don't currently hold and haven't opened or closed an ANZ Rewards Black, ANZ Rewards Platinum or an ANZ Rewards credit card in the last 12 months
Mobile Cardless PaymentsYes
Apple Pay, Google Pay, Samsung Pay
Card TypeVisa
Minimum Credit Limit$1,000
Cash Advance Rate
Interest rate incurred for a cash advance
20.24% p.a.
Interest Free Period
The maximum period of time that no interest is charged on new purchases. May not be applicable if the account or closing balance is not paid in full by the due date.
Up to 55 days
Purchase Rate
The standard interest rate that applies to purchases on the card
12.49% p.a.
Balance Transfer Limit
Maximum percentage of your approved credit card limit that can be used for the balance transfer
95% of approved limit
Balance Transfer Revert Rate
The interest rate that will be charged on any remaining debt after the balance transfer period ends. This value could be variable depending on the card product.
20.24% p.a.
Balance Transfer Fee
Fee incurred for processing a balance transfer
1.5%
Balance Transfer Months
Number of months the promotional balance transfer offer applies
25 months
Balance Transfer Rate
The interest rate applied to the balance transfer amount for a set period of time
0% p.a.
0% p.a. for 25 months on Balance Transfers with a 1.5% balance transfer fee
Annual Fee
An annual fee is charged in full for each year or part of a year that the card is held. The annual fee may differ between the first and subsequent years.
$0 for the first year, then $58 p.a.
Joint ApplicationNo
Temporary Resident ApplicationYes, conditions apply
Must have more than 9 months available on Visa
Minimum Age18 years of age or over
Annual Fee
An annual fee is charged in full for each year or part of a year that the card is held. The annual fee may differ between the first and subsequent years.
$0 for the first year, then $58 p.a.
Cash Advance Fee2% or $4.00, whichever is greater
Minimum Monthly Repayment
The minimum repayment that must be paid by the payment due date to avoid incurring late fees. Interest will still be charged on the remaining amount owing.
2% or $25, whichever is greater
Late Payment Fee
Fee incurred if the minimum repayment is not paid by the due date
$20
International Cash Advance Fee2% or $4, whichever is greater
International ATM Withdrawal Fee$5
International Transaction Fee
Fee incurred for transactions made in foreign currency
3% of transaction amount
Additional Cardholder Fee
Fee incurred for adding an additional cardholder to the account
$0
Maximum Additional Cardholders
Maximum number of additional cardholders
Up to 3

Like the sound of this card?

Apply now securely via the bank's website or email yourself a link to apply later.
go to offer
 email me

Your Top Questions Answered for the ANZ Low Rate

What are the eligibility criteria for this credit card?

To apply for ANZ Low Rate credit card, you must be 18 years of age or over and a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your Visa.

Can I use the card with Apple Pay or Google Pay?

Yes, you can use your card with the top mobile payment systems, including Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay.

Which banks can I transfer a balance from?

You can transfer a balance from any non-ANZ credit and store card account.

How much can I transfer onto this card?

You can transfer up to 95% of your available credit limit, however you must make sure to do this at the time of application.

Can I apply for the ANZ Low Rate card on my mobile?

Yes, you can apply for the ANZ Low Rate credit card securely via the ANZ website. The application is mobile-friendly and only takes 5 minutes.

Like the sound of this card?

Apply now securely via the bank's website or email yourself a link to apply later.
go to offer
 email me
credit card loading

Have you considered?

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0% p.a. for 17 months on purchases and $0 Annual Fee in First Year with an ANZ Platinum credit card.*

*Reverts to standard purchase rate, currently 20.24% p.a. after 17 months. In each subsequent year, standard Annual Fee (currently $87) applies. Eligibility criteria, T&Cs, fees and charges apply.