ANZ Low Rate

ANZ Low Rate


  • Choose between these 2 introductory offers: 0% p.a. for 30 months on balance transfers with a 1% balance transfer fee (reverts to 21.24% p.a.), or get $250 cash back when you spend $1,500 in the first 3 months from approval. Terms and Conditions apply.
  • No annual fee for the first year ($58 thereafter).
  • Low 12.49% p.a. ongoing rate on purchases.
  • Up to 55 days interest-free on purchases when you pay your account in full each month.

Pros and cons


  • Enjoy 0% p.a. on balance transfers up to 30 months or earn $250 cash back.
  • $0 annual fee for the first year ($58 p.a. thereafter).
  • Take advantage of the low purchase interest rate of 12.49% p.a.
  • Add up to 3 additional cardholders at no extra cost.


  • No purchase or travel insurance included.
  • No rewards program.

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.