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Exclusive Offer

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 NameANZ Low Rate - Exclusive Offer
Balance transfer rate0% p.a. for 25 months with 1.5% balance transfer fee
Balance Transfer Revert RateBalance Transfer Revert Rate (20.24%)
Balance Transfer Limit95% 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 period55 days
Cash advance rate (p.a.)20.24% p.a.
Min credit limit$1,000
Card typeVisa
Foreign currency conversion fee (Visa/Mastercard)3%
Complimentary travel insuranceNo
Minimum age18 years of age
Available to temporary residentsYes - Conditions apply
Joint applicationNo

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 repayment2% of the closing balance or $25, whichever is greater
Late payment fee$20
Foreign currency conversion fee (Visa/Mastercard)3%
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

Amy Bradney-George

Review by


Amy 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.

How to apply

You can apply for the ANZ Low Rate credit card via finder.com.au 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.
  • Credit history. You must have a good credit score and history. You can get your credit score and comprehensive credit report for free through Finder.

Card benefits

  • Balance transfer offer. When you apply through Finder before 13 September 2020, you can enjoy 0% p.a. on balance transfers for the first 25 months with a one-time 1.5% 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 ($58 p.a. in subsequent years). This offer is only available when you apply through Finder and is valid until 13 September 2020.

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 statement balance in full.

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