ANZ Low Rate Visa Credit Card

The basics

• Additional cardholders. Get an additional cardholder at no extra cost.
• Digital wallets. ANZ's Low Rate Visa Credit Card is compatible with Apple Pay and Google Pay.
• Gambling transactions. Gambling transactions are allowed but will be treated as cash advances.

Rewards and benefits

• Complimentary travel insurance. Since it's a value card offering, complimentary international travel insurance is not available.
• Concierge services. Cardholders will not have access to ANZ's concierge service.
• Insurances. This card comes with fraud protection but lacks the insurance coverage of higher-level cards.
• Rewards points. This credit card does not have a rewards program.
• Sign-up bonus. ANZ does not offer any sign-up bonus for this card.

Rates and fees

• Annual fee. This card has no annual fee for life.
• Balance transfers. Consolidate non-ANZ credit and store card debt at 1.99% p.a. for 24 months, with no balance transfer fee. After the promotional period ends, the revert rate applied will be 12.90%. This is one of the longest balance transfer offers in the market.
• Cash advances. If you use this card for a cash advance, ANZ will apply the 19.95% p.a. interest rate immediately with no interest-free days. There is no additional fee for cash advances — unlike most other cards — unless it is an in-branch or over-the-phone transaction.
• Foreign exchange fee. A foreign transaction fee of 1.30% will be charged for purchases made online or overseas in a foreign currency.
• Interest-free period. Enjoy up to 55 days interest-free on all purchases (except cash advances) when you have paid your previous balance in full or made the minimum required payment.
• Purchases. The ongoing rate of 12.90% p.a. applies to purchases in light of there being no introductory offer. This rate is competitive with competing cards.