ANZ Low Rate Credit Card - Rates & Fees | Finder

ANZ Low Rate Credit Card

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A no-frills card offering an introductory rate on balance transfers and a $0 first-year annual fee.

New ANZ Low Rate customers can repay existing debt and save on costs with a $0 first-year annual fee and 0% interest on balance transfers for the first 20 months with no balance transfer fee.

0% p.a.

Balance transfer rate

for 20 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 20 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 20 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

Expert review


Review by

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The ANZ Low Rate credit card combines two cost-saving features with its 0% balance transfer promotion (no balance transfer fee applies) and a $0 annual fee for the first year ($58 p.a. thereafter).

Although it's one of the longest interest-free balance transfers on the market, any remaining debt at the end of the balance transfer period will attract the high revert rate, currently 20.24% p.a.

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.
  • Eligible balance transfer debt. You must be a new customer and apply for the balance transfer offer at the time of application. You can transfer from $100 up to 95% of your available credit limit from credit and store card accounts not issued by ANZ.

Card benefits

  • Balance transfer offer. New cardholders can enjoy 0% p.a. on balance transfers for the first 20 months with no balance transfer fee. Any unpaid balance at the end of the introductory period will revert to the variable balance transfer rate of 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 made with the ANZ Low Rate Credit Card 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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