ANZ Low Rate Credit Card

Take advantage of a 0% p.a. introductory rate on balance transfers and enjoy a low annual fee with a new ANZ Low Rate Credit Card.

The ANZ Low Rate Credit Card offers you value and savings on credit card costs, with a low ongoing interest rate on purchases plus a 0% p.a. interest rate on balance transfers for 15 months.

You can also look forward to essential card features including up to 55 days interest-free on purchases when you pay your previous balance in full, a low minimum credit limit of $1,000 and the option to add up to 3 additional cardholders at no cost.

Product NameANZ Low Rate
Balance transfer rate (p.a.)0% p.a. for 15 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Standard Balance Transfer Revert Rate (21.74% p.a.)
Purchase rate (p.a.)12.49% p.a.
Annual fee$58 p.a.
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 55 days on purchases
Cash advance rate (p.a.)21.74% 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.
Card TypeMastercard
Foreign Currency Conversion Fee (MC)
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
Credit Rating RequirementGood
Joint ApplicationNo
Annual fee$58 p.a.
Minimum Monthly Repayment2% or $25, whichever is greater
Late Payment Fee$20
Cash Advance FeeThe greater of 2% of cash advance amount or a minimum of $4.00
Overseas Cash Advance FeeThe greater of 2% of cash advance amount or a minimum of $4.00
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee
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.
of transaction value
Gambling Transactions AllowedYes
Additional Cardholder Fee$0
Number of Additional Cardholders3


  • Take advantage of 0% p.a. on balance transfers for 15 months with no balance transfer fee.
  • A low annual fee of $58 applies.
  • Get up to 55 days interest-free on purchases.


  • This is a basic card that offers none of the perks like travel insurance or a rewards program.

ANZ Low Rate credit card review

The ANZ Low Rate Mastercard offers you both standard credit features and ways to save on credit card costs. It has a low purchase rate of 12.49% p.a. and offers up to 55 interest-free days on purchases, which can help you manage your month-to-month expenses.

Along with these features, the ANZ Low Rate credit card offers worldwide acceptance through the Mastercard network, as well as mobile payments and exclusive offers through Mastercard Priceless Cities.

Benefits of the ANZ Low Rate Credit Card

Here are some of the features you can enjoy with the ANZ Low Rate Mastercard.

  • Balance transfer offer. New cardholders can enjoy 0% p.a. on balance transfers for the first 15 months with no BT fee. Any unpaid balances at the end of the introductory period will revert to the standard balance transfer rate of 21.74% p.a.
  • Low purchase rate. A variable rate of 12.49% p.a. on purchases means that you can save money on interest fees each month when compared to cards with higher purchase rates.
  • Mobile payment technology. Apple Pay, Google Pay and ANZ Mobile Pay let you use your Apple or Android device to tap and pay with your eligible ANZ credit card.
  • Up to 55 days interest-free. Enjoy up to 55 days interest-free on purchases made with the ANZ Low Rate Credit Card. This feature allows you to use the card for your day to day spending and settle the account at the end of the month without incurring any additional costs.
  • Mastercard benefits. This ANZ Mastercard gives you access to exclusive travel, shopping and lifestyle offers through the Mastercard Priceless Cities program. Just register through Mastercard and you can enjoy seasonal offers such as presale tickets, dining offers and VIP sales.

Find out more about Mastercard Priceless Cities

Features of the ANZ Low Rate Credit Card

  • Annual fee. This credit card has a competitive annual fee of $58.
  • ANZ Falcon. ANZ offers a 24/7 security service that helps protect customers from fraud by monitoring transactions and sending immediate alerts in the event of suspicious activity.
  • Additional cardholders. You can request to add up to 3 additional cardholders on the account, with a $0 additional fee.
  • ANZ fraud money-back guarantee. ANZ offers a money-back guarantee on all losses that result from unauthorised or fraudulent transactions on the account. Mastercard's Zero Liability Guarantee offers full reimbursement if you’re a victim of fraud. ANZ also offers customer service 24 hours a day to further ensure protection.
  • Mastercard PayPass. This feature lets you tap and go for purchases under $100. Just press your card against the PayPass terminal and you’re good to go.

How to apply for the ANZ Low Rate Credit Card

You can apply for the ANZ Low Rate Mastercard online in a few minutes and should get a response within 60 seconds of submitting your completed application form. But before you get started, make sure you meet the application requirements and have all the documents and details you'll need ready.

Eligibility criteria

All ANZ credit card applicants are subject to basic credit screening, and in order to be approved all applicants must also:

  • Be over 18 years of age
  • Be in good credit standing
  • Be a permanent Australian resident or a temporary resident holding a 457 working visa provided the visa has at least 9 months remaining
  • Be earning a minimum annual income of $15,000

Required documents and details

The online portion of the application takes approximately 10-15 minutes to complete. You will need the following information to complete your application:

  • An Australian driver’s licence
  • Your employer’s address and if you are self-employed, you will need your accountant’s name and contact number
  • Details of income, assets and liabilities

The ANZ Low Rate credit card offers a number of ways for cardholders to keep their credit card costs to a minimum. However, as it's not the only low rate credit card on the market, it's wise to compare your options before applying.

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618 Responses

  1. Default Gravatar
    RobJuly 7, 2017

    I have a $5000 low rate credit card with ANZ. What would be the lowest minimum repayment amount if I max the card out?

    • Staff
      RenchJuly 8, 2017Staff

      Hi Rob,

      Thanks for reaching out to us. Please note that we are not affiliated with ANZ or any company we feature on our site and so we can only offer you general advice.

      On a $5,000 card balance with a minimum repayment of 3% for example, you’d need to pay at least $150 each month. You can calculate how much 3% of your balance is with the following formula: (3/100) x (your balance) = (your balance repayment amount). You can get this info on this page.

      I suggest contacting ANZ directly to further confirm the information.


  2. Default Gravatar
    GregJuly 18, 2016

    on a 0% interest balance transfer application, How long does the application process take from initial form signing to balance transfer occurring.



    • Staff
      LouJuly 18, 2016Staff

      Hi Greg,

      Thanks for your question.

      If you apply for ANZ Low Rate Credit Card balance transfer, the online application process just takes about 10-15 minutes. Once approved, the balance transfer can take between three to 15 business days to process, depending on which bank you are transferring a balance from.


  3. Default Gravatar
    NigelJuly 11, 2016

    Hi why does it say this card will revert to 21.74 percent at the top on balance transfers at the end of 18 month transfer period, yet on the side under Pro’s it says it will revert to the low purchase rate at this time which is 13.49 percent? Confused??

    • Staff
      LouJuly 11, 2016Staff

      Hi Nigel,

      Thanks for your comment and for pointing that out.

      Just to clarify, the ANZ Low Rate Credit Card has a balance transfer revert rate of 21.74% p.a., which is the same as the cash advance rate of interest.


  4. Default Gravatar
    JunMarch 12, 2016

    I have received a DSP pension
    I have $996 per two week.
    About 23000 per annual.
    Can I apply a lower rate credit card for $1000 credit?

    • Staff
      JonathanMarch 14, 2016Staff

      Hi Jun, thanks for your inquiry!

      An annual pension benefit of $23,000 can qualify you to apply for a credit card. For a list of banks who accept pension benefits for applications please refer to this guide.



  5. Default Gravatar
    TristanFebruary 3, 2016

    Is the 18months interest-free only for new customers or existing

    • Staff
      DebbieFebruary 4, 2016Staff

      Hi Tristan,

      Thank you for your inquiry.

      The balance transfer offer of 18 months applies to new approved customers only and not available to any balances transferred from an existing ANZ account.

      For a comparison of other credit cards that offer balance transfers, please refer to this page.

      I hope this helps.


  6. Default Gravatar
    peterDecember 3, 2015

    hi if i get $800 cash advance and i will pay it back in few days do i still need to pay my other non cash advance purchase to avoid high interest, i have -$1000 on my credit card i took $800 cash advance and pay it back, do i still need to pay that -1000 to avoid higher interest?

    • Staff
      JonathanDecember 4, 2015Staff

      Hi Peter, thanks for your inquiry!

      Non cash advance purchases will be charged at the purchase rate and not the cash advance rate. If you have cleared your previous months balance then you will be eligible for 55 interest-free days with the ANZ Low Rate credit card. This will allow you to avoid interest on your purchases. You can learn more about interest-free days on this page.



  7. Default Gravatar
    JanetDecember 2, 2015

    I have already paid off a balance transfer and my credit card with you has a nil balance – can I do a further balance transfer and if so how do I go about it? Thank you

    • Staff
      JonathanDecember 2, 2015Staff

      Hi Janet, thanks for your inquiry!

      If you have used your balance transfer promotion on your current ANZ Low Rate credit card, unfortunately you are unable to request another transfer to this card. You can compare more balance transfer offers here.



  8. Default Gravatar
    MikeNovember 26, 2015

    Hi – Is the ‘$15 K minimum income’ a nett or gross figure?

    • Staff
      SallyNovember 27, 2015Staff

      Hi Mike,

      Thanks for your question.

      The minimum income for the ANZ Low Rate card is gross $15,000 p.a.



  9. Default Gravatar
    jeanNovember 17, 2015


    I’m a Singaporean and can I apply for this card?

    • Staff
      SallyNovember 18, 2015Staff

      Hi Jean,

      Thanks for your question.

      Applicants must be permanent Australian residents.



  10. Default Gravatar
    KimNovember 5, 2015

    I apply for a credit card and was approved for $1000 when can I apply for $15,000 as that’s what I really wanted

    • Staff
      SharonNovember 5, 2015Staff

      Hi Kim,

      Thank you for your comment.

      The available credit limit on the credit card will depend on the lender’s criteria. As a result it would be best to contact ANZ before completing an application to better assess your personal needs.



Credit Cards Comparison

Rates last updated February 23rd, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
American Express Velocity Escape Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
Receive a bonus 12,500 Velocity Points, pay a $0 annual fee for life and take advantage of a 0% p.a. for 12 months balance transfer offer.
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
Exclusive to, enjoy a 0% BT fee, 0% balance transfer offer for 25 months and seven complimentary insurance covers.
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$99 p.a.
Platinum card benefits including complimentary insurance, plus 0% p.a. for 24 months on balance transfers (with no BT fee). Ends 28 February 2018.
Westpac Low Rate - Online Offer
13.49% p.a.
0% p.a. for 30 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Take advantage of 0% p.a. for 30 months on balance transfers with a 2% balance transfer fee when you apply online by 28 February 2018.

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* The credit card offers compared on this page are chosen from a range of credit cards 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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