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Terms and conditions apply

Balance transfer rate with no balance transfer fee: 21.99% p.a.
Purchase rate: 13.74% p.a.
Annual fee: $58 p.a.
Interest-free on purchases: Up to 55 days

Our verdict

Offers $400 back for new cardholders, with a low variable interest rate of 13.74% p.a. for purchases.

The ANZ Low Rate Credit Card’s $58 annual fee and 13.74% p.a. purchase interest rate are on par with other low rate cards, and much lower than the average standard credit card interest rate in Australia. Right now, it also offers value with $400 back to your new card when you spend $5,000 on eligible purchases within the first 6 months from approval. While the low rate applies for purchases, keep in mind that balance transfers and cash advances are charged a higher interest rate of 21.99% p.a.

Pros

$400 credit back on your new card
Ongoing low purchase interest rate of 13.74% p.a.
Low spend requirement of $5,000 in the first 6 months to get the $400 back

Cons

Does not offer any form of purchase or travel insurance

Details

Product details

Product Name	ANZ Low Rate - Credit Back Offer
Balance transfer rate p.a.	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	$58
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 a 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, as are New Zealand citizens. 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 credit back promotion, you must be a new customer and select the credit back offer at the time of application.

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.

Go to ANZ's site More info

Card benefits

$400 back. You'll receive $400 back to your new account when you apply for a new ANZ Low Rate Credit Card and spend $5,000 on eligible purchases in the first 6 months from approval.
Low purchase interest rate. A variable rate of 13.74% p.a. on purchases means that you can save money if you don't pay off your balance each month, compared to cards with higher purchase rates.

Mobile payments. You can link your card to Apple Pay, Google Pay, Samsung Pay or Garmin Pay so you can make payments straight from your mobile phone or other devices.
Visa Offers + Perks. As this is a Visa credit card, you'll get access to exclusive offers on dining, entertainment, travel and more, with current offers listed on the Visa website.
Security. ANZ Falcon offers 24/7 transaction monitoring and the ANZ Fraud Money Back Guarantee means you won't be liable for fraudulent transactions made with your credit card. If your card is lost or stolen, you can also request emergency credit card replacement worldwide.

Rates & fees

Annual fee. The $58 annual fee on this card is competitive with other low rate and low-cost credit cards in Australia.
Up to 55 days interest-free. If you pay your closing balance in full by the due date on each statement, you'll get up to 55 days interest-free on purchases. If you have promotional balances from balance transfers, the amount you need to pay will be shown as the Adjusted Closing Balance. 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 value or $3 (whichever is greater) in Australia or 3% of the transaction value or $4 (whichever is greater) for overseas transactions.
Additional cardholders. You can request up to 3 additional cardholders at no extra cost.

Go to ANZ's site More info

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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Tin

September 02, 2025

Is this $400 cash back low cost credit card still available when is the offer closing ?

Richard Whitten Finder

September 08, 2025

Hi Tin,

Yes ANZ is still offering this one. There’s no end date for the offer.

Tash

March 20, 2025

What is the maximum credit limit for the card.

Richard Whitten Finder

March 20, 2025

Hello Tash,

There is no maximum credit limit listed for this credit card. In other words, the limit you get depends on factors like your income, expenses, credit score and other details ANZ doesn’t make public.

With a low rate credit card your credit limit likely won’t be more than a few thousand dollars, but you won’t know until you apply.

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matt

December 11, 2024

Would webjet/booking.com type purchases count towards eligible purchases?

Angus Kidman Finder

December 11, 2024

Hi Matt, Yes, travel bookings are considered eligible purchases – provided they’re actually paid for at the time of booking. If you booked a hotel room in advance but only paid on check-in, it wouldn’t count until that check-in payments was processed.

September 21, 2024

What are eligible purchase ? Can I spend in office work , jBHIFI

Angus Kidman Finder

September 22, 2024

Hi, Yes, purchases made at JB Hi-Fi or Officeworks using this card would count as “eligible purchases” for the cashback offer.

dale burrows

May 17, 2024

where can the repayments be made

Sarah Megginson Finder

May 30, 2024

Hi Dale,

Repayments can be made online, in person at a branch or via phone banking.

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 – Credit Back Offer

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Rates & fees

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