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 30 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 21.24% 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 12.49% p.a. until they are paid off.