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Balance transfer rate for 26 months with 3% balance transfer fee: 0% p.a.
Purchase rate: 13.74% p.a.
Annual fee for the first year ($58 p.a. thereafter): $0 p.a.
Interest-free on purchases: Up to 55 days

Our verdict

Offers 0% p.a. interest on balance transfers for 26 months, with a one-time 3% balance transfer fee.

The ANZ Low Rate Credit Card has a low 13.74% p.a. interest rate for purchases, as well as an introductory 0% p.a. balance transfer offer. If you have existing debt, this offer gives you a way to pay no interest for the first 26 months when you transfer the balance to your new ANZ Low Rate Credit Card. To give you an idea of the potential savings, if you wanted to transfer $6,000 and were currently being charged 20.99% interest, you could save $1,973.23 over 26 months. Keep in mind that a 21.99% p.a. interest rate applies after the 26-month introductory period. This is higher than the interest rate for purchases on this card, so it’s ideal to focus on paying off the balance transfer before then.

This offer also includes $0 annual fee in the first year, with a $58 annual fee that applies from the second year, which is on par with other low rate cards. However, it doesn’t come with many extra perks or rewards compared to some more expensive cards, so if you’re planning to use it primarily for shopping, that's something to keep in mind.

If you're more interested in perks over a balance transfer, there is also a second offer available on the ANZ Low Rate Credit Card with $400 credit back.

Pros

0% p.a. interest on balance transfers for 26 months
$0 annual fee for the first year ($58 p.a. thereafter)
Ongoing low purchase interest rate of 13.74% p.a.

Cons

Charges a one-time 3% balance transfer fee
Balance transfer reverts to the high standard balance transfer interest rate of 21.99% p.a. at the end of the introductory period
Does not offer any form of purchase or travel insurance

Details

Product details

Product Name	ANZ Low Rate
Balance transfer rate p.a.	0% for 26 months with 3% balance transfer fee, then 21.99%
Balance transfer limit	95% of available limit
Purchase rate p.a.	Purchase rate p.a.13.74%
Interest-free days	Up to 55 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$1,000
Card type	Visa

Eligibility

Available to temporary residents	Yes - Conditions apply
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	$0 first year ($58 after)
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$20
Foreign currency conversion fee	3.5%
Cash advance fee	3% of transaction value or $3, whichever is greater
Overseas cash advance fee	3% of transaction value or $4, whichever is greater
Overseas ATM withdrawal fee	$5
Additional cardholder fee	$0
Number of additional cardholders	3

How to apply

You can apply for the ANZ Low Rate Credit Card online in few 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 at least 12 months remaining on a valid working, business or investor visa.
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.

Eligible balance transfer debt. You can transfer from $100 up to 95% of your available credit limit from credit and store card accounts not issued by ANZ.
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.
Age. You must be at least 18 years of age.

Required documents

Personal information. This includes your full name, date of birth, contact information, marital status and number of dependents.
Proof of identification. You'll be asked to provide your Australian driver's licence number (if you have one).
Finances. Details of your income, expenses, assets and liabilities.
Employment. Your employer's address and if you are self-employed, you will need your accountant's name and contact number.
Balance transfer information. If you plan to transfer a balance, you will need to provide information about the cards / accounts from which you are transferring.

Card benefits

0% balance transfer offer. Get a 0% p.a. interest rate on balance transfers for 26 months with a one-time 3% balance transfer fee. Any unpaid balance at the end of the introductory period will revert to the standard balance transfer rate, currently 21.99% p.a. Note that the 26-month promotional period starts on the Letter of Offer date (when you get notified your application is approved). It may take another 3-15 business days after this date before your balance transfer is processed.
First-year annual fee waiver. Save with a $0 annual fee in the first year, which goes to $58 p.a. after that.

Low purchase interest rate. A variable rate of 13.74% p.a. on purchases means that you can save money each month compared to cards with higher purchase rates.
Mobile payment technology. You can link your card to Apple Pay, Google Pay and Samsung Pay to use your eligible device to tap and pay.
Visa Offers + Perks. With complimentary membership to Visa Offers + Perks, you can access exclusive offers on dining, entertainment, travel and more.
Security. ANZ Falcon offers 24/7 transaction monitoring and you won't be liable for fraudulent transactions made with your credit card thanks to the ANZ Fraud Money Back Guarantee. If your card is lost or stolen, you can request an emergency credit card replacement worldwide.

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 credit card plans. The Adjusted Closing Balance is calculated as your closing balance less the sum of any relevant promotional plans.

Cash advances. If you use your card to make a cash advance (such as an ATM withdrawal), you'll be charged a 21.99% p.a. interest rate. You'll also be charged 3% of the transaction amount or $3 (whichever is greater) in Australia or 3% of the transaction amount or $4 (whichever is greater) for overseas transactions.
Additional cardholders. You can request up to 3 additional cardholders at no extra cost.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. ANZ Low Rate Credit Card information PDF
2. ANZ Low Rate Credit Card TMD

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Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

ANZ Low Rate Credit Card

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