ANZ First Student Credit Card – Rates and Fees

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Pay $0 annual fee in the first year and enjoy up to 44 interest-free days on purchases with the ANZ First Student Credit Card.

This student credit card from ANZ is designed to help you manage your finances while you study for your degree, with credit limits starting from $500. If you pay your account balance in full by the due date on your statements, you'll also enjoy up to 44 days interest-free on purchases.

As well as these features, the ANZ First Student credit card offers complimentary extended warranty insurance and 90-day purchase security insurance against loss, theft or breakage of eligible items you buy with your card.

Product NameANZ First Student Card
Purchase rate (p.a.)19.74% p.a.
Annual fee$0 p.a. annual fee for the first year ($30 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 44 days on purchases
Cash advance rate (p.a.)21.49% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$15,000
Minimum Monthly Repayment2%
Minimum Income$15,000
Card TypeVisa
Late Payment Fee$20
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$15,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$500
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$15,000
Annual Fee$0 p.a. annual fee for the first year ($30 p.a. thereafter)
Minimum Repayment2%
Late Payment Fee$20
Over Limit Fee$20
Cash Advance Fee2%
Overseas Cash Advance FeeThe greater of 2% of cash advance amount or a minimum of $4
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders3
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • Pay no annual fee in the first year ($30 p.a. thereafter).
  • This card offers a low minimum credit limit of $500.
  • This card also comes with an additional 12 months warranty on goods purchased using the card and a 90-day purchase security cover against theft, loss or damage.
  • You'll have 24/7 access to ANZ's goMoneyTM app, which allows you to manage your account and banking needs on your smartphones.

Cons

  • The interest rate on purchases of 19.74% p.a. is high compared to other cards in this price bracket.
  • There are only 44 interest-free days on purchases compared with 55 days with most other cards and there is no interest holiday on purchases when you first get this card.

Review of the ANZ First Student Credit Card

If you're over 18 and studying full-time at an Australian university or other eligible Australian educational institution, the ANZ First Student Credit Card offers a number of features that could help you manage your money and build up credit history. As well as offering interest-free days on purchases and complimentary purchase insurance covers, this student credit card offers contactless and mobile payments, 24/7 fraud monitoring and worldwide emergency card replacement.

In terms of costs, the ANZ First Student comes with no annual fee in the first year and charges a competitive $30 annual fee after that. It also has a standard variable interest rate of 19.74% p.a. for purchases, while ATM withdrawals or any other cash advances attract a variable interest rate of 21.49% p.a. As far as your income requirements go, you can apply for this ANZ student credit card if you earn at least $15,000 per year – including from part-time work or Centrelink payments such as Youth Allowance and Austudy.

Benefits of the ANZ First Student Credit Card

Here are the highlights of this student credit card from ANZ:

  • No annual fee for the first year. If you are a full-time tertiary student, the annual fee is waived for the first year, saving you $30. You must be attending an eligible Australian educational institution full-time. After the first year, an annual fee of $30 applies.
  • Interest-free days. If you pay off your card in full by the due date on your statement, you can receive up to 44 days interest-free on purchases. Learn more about how you can benefit from this feature in our guide to interest-free days.
  • Manageable credit limits. This ANZ student credit card offers credit limits starting from $500, which could help you manage repayments and avoid ongoing credit card debt. Check out our guide on credit card limits to learn more about them and how you can calculate the amount of credit you'll need.
  • Extended warranty insurance. If you use the ANZ First Student credit card to buy new items that come with a manufacturer's warranty (such as a laptop or tablet), this complimentary insurance can extend the manufacturer's warranty for up to 12 months. Terms and conditions apply, so make sure you read the ANZ credit cards insurance booklet available on the ANZ website for full details.
  • Purchase security cover. This complimentary extra gives you 90-day purchase security insurance against loss, theft or breakage for any eligible items you buy with your ANZ First Student credit card.
  • Mobile payment technology. This ANZ student credit card is compatible with Apple Pay, Android Pay, ANZ Mobile Pay and Samsung Pay, which means you can use your Apple, Android or Samsung device to tap and pay for purchases. You also have the benefit of on-the-go account management through the ANZ goMoney app.
  • Visa benefits. As a Visa credit card, you can use the ANZ First Student all around the world when you pay at the checkout, online or over the phone. You can also make contactless card payments via Visa payWave and access exclusive ticket and lifestyle offers through Visa Entertainment.

Rates and fees for the ANZ First Student Credit Card

Take note of these costs when you're deciding if this ANZ student credit card is right for you:

  • Annual fee. The ANZ First Student has a standard annual fee of $30 that's waived in the first year when you're an eligible full-time student.
  • Purchase rate. This card has a standard variable purchase rate of 19.74% p.a.
  • Cash advance rate. If you use this card to get cash out or for any other cash advance transaction, an interest rate of 21.49% p.a. (variable) will apply.
  • Cash advance fee. If you use your card for a cash advance, you'll also have to pay a fee worth 2% of the transaction amount in Australia. The greater of 2% of cash advance amount or a minimum of $4 applies for overseas cash advances. Be aware that ATM fees may also apply.
  • Credit limit. This card has a minimum credit limit of $500 and a maximum credit limit of $15,000.
  • Foreign transaction fee. This card charges a fee worth 3% of the total for each transaction you make overseas or online with an international retailer.

How to apply for the ANZ First Student Credit Card

You can apply for the ANZ First Student online in around 15 minutes and should get a response within 60 seconds of completing the application. Before you get started, make sure you meet the eligibility requirements and have all the essential documents and details on hand.

Eligibility criteria

  • How old are you? You must be at least 18 years of age to apply for this ANZ student credit card.
  • Are you a full-time student? You need to be studying full-time at an eligible Australian educational institution to apply for this card. If you're unsure about whether your studies fit these requirements, call ANZ on 13 33 33 and provide details of where you're enrolled.
  • Do you meet the minimum income requirement? You must earn at least $15,000 per year, including both work and Centrelink payments. If you're a non-permanent resident, you may also be eligible if you have at least $20,000 in Australian accounts that are held with Australian Authorised Deposit-taking Institutions (ADIs).
  • Do you have a valid visa or Australian residency status? You can apply for this card if you're an Australian citizen, permanent resident or a non-Australian permanent resident with more than 9 months left on your visa.

Required documents

  • Personal details. This includes your full name, date of birth, Australian residential address, email, phone number and Australian driver's licence number (if you have one).
  • Financial details. You'll need to provide information about your income, including employment details or government payments (such as Centrelink). You also need to share details of other assets, such as savings, regular expenses and liabilities. This could include rental payments, bill payments or any existing loans and cards that you have.
  • Supporting documentation and details. You'll be required to submit two recent payslips to verify your income. If you are self-employed, you'll also need your accountant's details.

With an annual fee of $0 in the first year and $30 after that, as well as interest-free days if you pay off your balance in full each month, this ANZ student credit card offers low-cost access to credit. But if you don't end up paying off your card in full, the purchase rate of 19.74% p.a. could quickly add up. So remember to weigh up these factors based on your circumstances and compare other student credit cards to help you find the right one for you.

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6 Responses

  1. Default Gravatar
    January 24, 2017

    Hi Finder.com.au,

    I’m asking this question on behalf of a student. Is the minimum income required for this card $15,000 or $6,000?

    Thanks.

    • Staff
      AnndyJanuary 24, 2017Staff

      Hi Aran,

      Thanks for your question.

      The ANZ First Student Card does require a minimum income of $15,000.

      You may want to also check and compare other student credit cards on this page.

      Cheers,
      Anndy

  2. Default Gravatar
    JoanneMay 12, 2016

    Hi my daughter Emily turns 19 in August 2016 and is wanting to go on an overseas trip. She works part time and earns over $6K and is a full time uni student. We would as her parents be happy to go on the credit card application with her to support her application – she has had no previous loans and therefore has no credit rating. She is now paying her own phone bill from Telstra and has the evidence of regular paying off a bill.
    Should she apply online or come into a store?

    • Staff
      AnndyMay 12, 2016Staff

      Hi Joanne,

      Thanks for your comment.

      For her convenience, your daughter can apply for ANZ First Student Card online by clicking on the green “Go to site” button on the above page.

      I hope this helps.

      Cheers,
      Anndy

  3. Default Gravatar
    ChloeSeptember 10, 2015

    Can Youth Allowance be counted as Income for a student credit card?

    • Staff
      SallySeptember 10, 2015Staff

      Hi Chloe,

      Thank you for your question.

      ANZ First Student credit card cardholders must earn a minimum income of $6,000 p.a. This includes part-time work, youth allowance and Austudy.

      I hope this has helped.

      Thanks,

      Sally

Credit Cards Comparison

Rates last updated September 26th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 24 months
$90 p.a.
Until 1 October 2017, exclusive to finder.com.au, enjoy a no BT fee, balance transfer offer with platinum privileges, including travel insurance.
St.George Vertigo Visa
13.24% p.a.
0% p.a. for 18 months with 2% balance transfer fee
$55 p.a.
Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 18 months
$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.
St.George Vertigo Platinum
12.74% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$99 p.a.
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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