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ANZ Low Rate Credit Card – Exclusive Offer
Last updated:
Save with 0% interest on balance transfers for the first 25 months and a $0 first year annual fee.
The ANZ Low Rate is a no-frills credit card designed to help you save money on existing debts and new purchases. New customers who apply via Finder by 13 September 2020 can save with a $0 first year annual fee and 0% interest on balance transfers for the first 25 months with a 1.5% balance transfer fee.
0% p.a.
Balance transfer rate
for 25 months with 1.5% balance transfer fee
12.49% p.a.
Purchase rate
$0 p.a.
Annual fee
for the first year ($58 p.a. thereafter)
55 days
Interest free period
Details
| Product Name | ANZ Low Rate - Exclusive Offer |
|---|---|
| Balance transfer rate | 0% p.a. for 25 months with 1.5% balance transfer fee |
| Balance Transfer Revert Rate | Balance Transfer Revert Rate (20.24%) |
| Balance Transfer Limit | 95% of available limit |
| Purchase rate (p.a.) | 12.49% p.a. |
| Annual fee | $0 p.a. annual fee for the first year ($58 p.a. thereafter) |
| Interest-free period | 55 days |
| Cash advance rate (p.a.) | 20.24% p.a. |
| Min credit limit | $1,000 |
| Card type | Visa |
| Foreign currency conversion fee (Visa/Mastercard) | 3% |
| Complimentary travel insurance | No |
| Minimum age | 18 years of age |
|---|---|
| Available to temporary residents | Yes - Conditions apply |
| Joint application | No |
Pros
- 0% p.a. on balance transfers for up to 25 months
- $0 annual fee for the first year ($58 p.a. thereafter)
- Ongoing low purchase interest rate of 12.49% p.a.
Cons
- Charges a 1.5% balance transfer fee
- Balance transfer reverts to the high interest rate of 20.24% p.a. at the end of the introductory period
- Does not offer purchase or travel insurance
| Annual fee | $0 p.a. annual fee for the first year ($58 p.a. thereafter) |
|---|---|
| Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
| Late payment fee | $20 |
| Foreign currency conversion fee (Visa/Mastercard) | 3% |
| Cash Advance Fee | 2% or $4, whichever is greater |
| Overseas cash advance fee | The greater of 2% of the amount or $4.00 |
| Overseas ATM withdrawal fee | $5 |
| Additional cardholder fee | $0 |
| Number of additional cardholders | 3 |
Expert review
Review by
Amy Bradney-George
amy.bradney-george@finder.comAmy Bradney-George is the acting editor for Finder X and a senior writer for credit cards and Finder Green. She has more than 13 years' experience as a journalist and writer, with bylines in publications including The Equity Magazine, The Sydney Morning Herald, ABC News and produce industry website FreshPlaza. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University, and when she’s not putting (virtual) pen to paper, she spends her time as an actress.
Expert review
This exclusive offer for the ANZ Low Rate credit card can help you to save money with a $0 annual fee for the first year and a very long balance transfer offer.
If you need to get your existing credit card debts under control, you can take advantage of a 0% p.a. interest rate for the first 25 months on balance transfers. Note that it charges a one-time 1.5% balance transfer fee. To give you an idea of the cost, if you had a $5,000 balance you wanted to transfer, the balance transfer fee would be $75.
