ANZ Low Rate Credit Card

The ANZ Low Rate is a basic credit card with few extra frills, but a very competitive option if you're looking to save money.

When you apply for a new ANZ Low Rate credit card, you’ll get a 0% interest rate on balance transfers for 30 months, with no balance transfer fee. You'll want to pay off your full balance before that time is up, because at the end of the introductory period, any remaining balance will be charged interest the cash advance rate, currently 20.24% p.a.

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0% p.a.

Balance transfer rate

for 30 months

12.49% p.a.

Purchase rate

$0 p.a.

Annual fee

for the first year ($58 p.a. thereafter)

55 days

Interest free period

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Product NameANZ Low Rate
Balance transfer rate0% p.a. for 30 months
Balance transfer revert rateBalance Transfer Revert Rate (20.24%)
Balance transfer limit95% of available limit
Purchase rate12.49% p.a.
Annual fee$0 annual fee for the first year ($58 p.a. thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate20.24% p.a.
Min credit limit$1,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • 0% p.a. on balance transfers for up to 30 months (with no BT fee)
  • $0 annual fee for the first year ($58 p.a. thereafter)
  • Ongoing low purchase interest rate of 12.49% p.a.


  • Balance transfer reverts to the high standard balance transfer interest rate of 20.24% p.a. at the end of the introductory period
  • Does not offer any form of purchase or travel insurance
Bonus pointsN/A
Annual fee$0 annual fee for the first year ($58 p.a. thereafter)
Minimum monthly repayment2% of the closing balance or $25, whichever is greater
Late payment fee$20
Foreign currency conversion fee3%
Cash advance fee2% or $4, whichever is greater
Overseas cash advance feeThe greater of 2% of the amount or $4.00
Overseas ATM withdrawal fee$5
Additional cardholder fee$0
Number of additional cardholders3

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The ANZ Low Rate credit card offers one of the longest interest-free balance transfers on the market, giving you 30 months to pay down your existing debt with a 0% rate. To give you an idea of your potential savings, if you wanted to transfer $6,000 and were currently being charged 19.94% interest rate, you could save $2,286.14 over 30 months. While you won’t be charged a balance transfer fee, keep in mind that a high 20.24% interest rate kicks in after the 30-month introductory period.

How to apply

You can apply for the ANZ Low Rate credit card online in around 5 minutes and receive a response within 60 seconds. Before you apply, make sure you meet the following eligibility requirements and have the necessary information to complete the application.

Eligibility criteria

  • Residency requirement. Citizens and permanent residents of Australia are eligible to apply. If you are a non-Australian permanent resident, you must have an eligible working or business visa with at least 9 months remaining.
  • New cardholder. To take advantage of the balance transfer promotion, you must be a new customer and apply for the balance transfer at the time of application.

Card benefits

  • 0% balance transfer offer. Enjoy 0% interest on balance transfers for 30 months with no balance transfer fee. Any unpaid balance at the end of the introductory period will revert to the standard balance transfer rate, currently 20.24% p.a.
  • First-year annual fee waiver. Save with a $0 annual fee for the first year (reverting to $58 p.a. thereafter).

Rates & fees

  • Annual fee. Outside of any promotions, this credit card charges a competitive annual fee of $58.
  • Up to 55 days interest-free. Receive up to 55 days interest-free on purchases when you pay your closing balance in full by the due date on each statement. Note that this will be shown as the Adjusted Closing Balance if you have promotional balances from relevant balance transfer plans, instalment plans and buy now pay later plans. The Adjusted Closing Balance is calculated as your closing balance less the sum of any relevant promotional plans.
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