0% p.a. for 30 months on balance transfers with 0% balance transfer fee. Reverts to 21.24% p.a.
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
0% p.a. on balance transfers up to 30 months with no balance transfer fee.
$0 annual fee for the first year ($58 p.a. thereafter).
Take advantage of the low purchase interest rate of 12.49% p.a.
No purchase or travel insurance included.
No rewards program.
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 do not block gambling related transactions, but they will be 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 whether made while overseas or when shopping online.
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 20.24% p.a. until they are paid off.
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