ANZ First Student Credit Card – Rates and Fees

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

This student credit card from ANZ offers straightforward features designed to help you manage your money as you study, with credit limits starting from $500. It also gives you access to 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 is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
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
Card TypeVisa
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
Minimum Income$15,000
Minimum Age18 years of age
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Annual fee$0 p.a. annual fee for the first year ($30 p.a. thereafter)
Minimum Monthly Repayment2% or $25, whichever is greater
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
Cash Advance Fee2% of the transaction amount or $4 (whichever is greater)
Overseas Cash Advance FeeThe greater of 2% of cash advance amount or a minimum of $4
Overseas ATM Withdrawal Fee$5
Gambling Transactions AllowedYes
Additional Cardholder Fee$0
Number of Additional Cardholders3

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 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.

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, Google 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 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 Credit Card 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 variable purchase rate of 19.74% p.a.
  • Cash advance rate. If you use the ANZ First Student card to get cash out or for any other cash advance transaction, an interest rate of 21.49% p.a. (variable) applies.
  • Cash advance fee. If you use your card for a cash advance in Australia, you'll also have to pay a fee worth 2% of the transaction amount or $4 (whichever is greater) of the transaction amount. 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. Note that your credit limit could be higher than this and is subject to ANZ's lending criteria and approval.
  • 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.

Documents and details

  • 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 if you want to get a credit card while you're studying, start by comparing other student credit card options 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.

    • finder Customer Care
      LouJanuary 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?

    • finder Customer Care
      LouMay 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?

    • finder Customer Care
      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

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Rates last updated November 16th, 2018
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