ANZ Low Rate Credit Card
Last updated:
Save with a 0% introductory rate on balance transfers and a low annual fee on a new ANZ Low Rate Credit Card.
ANZ Low Rate customers can repay existing debt and save on costs with a low purchase rate plus 0% p.a. interest on balance transfers for 15 months with no balance transfer fee.
0% p.a.
Balance transfer rate
for 15 months
12.49% p.a.
Purchase rate
$58 p.a.
Annual fee
55 days
Interest free period
Details
| Product Name | ANZ Low Rate |
|---|---|
| Balance Transfer Rate | 0% for 15 months |
| Balance Transfer Revert Rate | Balance Transfer Revert Rate (21.74%) |
| Balance Transfer Limit | 95% of available balance |
| Purchase Rate | 12.49% p.a. |
| Annual Fee | $58 |
| Interest Free Period | 55 days |
| Cash Advance Rate | 21.74% p.a. |
| Minimum Credit Limit | $1,000 |
| Card Type | Visa |
| Foreign Currency Conversion Fee (Visa/Mastercard) | 3% of transaction value |
| Complimentary Travel Insurance | No |
| Minimum Income | $15,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available to Temporary Residents | Yes - Conditions apply |
| Joint Application | No |
Pros
- 0% p.a. on balance transfers for 15 months with no balance transfer fee.
- A low annual fee of $58 p.a.
- Get up to 55 days days interest-free on purchases.
Cons
- Balance transfer reverts to the cash advance rate of 21.74% p.a. at the end of the introductory period.
| Annual Fee | $58 |
|---|---|
| Minimum Monthly Repayment | 2% of transaction value or $25, whichever is greater |
| Late Payment Fee | $20 |
| Foreign Currency Conversion Fee (Visa/Mastercard) | 3% of transaction value |
| Cash Advance Fee | 2% or $4, whichever is greater |
| Overseas Cash Advance Fee | 2% or $4, whichever is greater |
| Overseas ATM Withdrawal Fee | $5 |
| Additional Cardholder Fee | $0 |
| Number of Additional Cardholders | 3 |
Expert review
Review by
Sally McMullen
sally.mcmullen@finder.com.auSally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.
