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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. This promotional period starts from the date you’re approved for the card (referred to as the Letter of Offer date) – not when your balance is transferred. 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 at the cash advance rate, currently 21.24% 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 rate p.a.0% for 30 months
Balance transfer revert rateBalance Transfer Revert Rate (21.24%)
Balance transfer limit95% of available limit
Purchase rate p.a.12.49%
Annual fee$0 for the first year ($58 thereafter)
Interest-free periodUp to 55 days on purchases
Cash advance rate21.24% 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.
  • Cashback offers when you shop through Cashrewards Max


  • Balance transfer reverts to the high standard balance transfer interest rate of 21.24% 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 for the first year ($58 thereafter)
Minimum monthly repayment2% of the closing balance or $25, whichever is greater
Late payment fee$20
Foreign currency conversion fee3%
Cash advance fee3%
Overseas cash advance fee3% of the transaction amount or $4 (whichever is greater)
Overseas ATM withdrawal fee$5
Additional cardholder fee$0
Number of additional cardholders3

Review by

Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also 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 21.24% 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. Get 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 21.24% p.a. Note that the 30-month promotional period starts on the Letter of Offer date (when you get notified your application is approved). It may take another 3-15 days after this date before your balance transfer is processed.
  • 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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