In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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ANZ Low Rate Credit Card – Credit Back Offer

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ANZ Low Rate - Credit Back Offer
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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 $250 back for new cardholders, with a low variable interest rate of 13.74% p.a. for purchases.

The ANZ Low Rate Credit Card’s 13.74% p.a. purchase interest rate is on par with other low rate cards, and much lower than the average standard credit card interest rate in Australia. The $250 back on your account as a new cardholder also adds value, with a relatively low spend requirement of $1,500 in the first 3 months.


  • $250 credit back on your new card
  • Ongoing low purchase interest rate of 13.74% p.a.
  • Low spend requirement of $1,500 in the first 3 months to get the $250 back


  • Does not offer any form of purchase or travel insurance

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The ANZ Low Rate Credit Card is suited to people who want a simple, low cost account. Both its 13.74% p.a. interest rate for purchases and its $58 annual fee are competitive among other low rate credit cards. Right now, it also offers value with $250 back to your new card when you spend $1,500 on eligible purchases in the first 3 months from approval. While its low rate applies for purchases, keep in mind that balance transfers and cash advances are charged a higher 21.99% p.a. interest rate.


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. 13.74%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 21.99%
Min credit limit $1,000
Card type Visa


Available to temporary residents Yes - Conditions apply
Joint application No


Bonus points N/A


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%
Cash advance fee 3% or $3, whichever is greater
Overseas cash advance fee 3% of the transaction amount 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 around 20 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 an eligible working or business visa with at least 9 months remaining.
  • 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.

Card benefits

  • $250 back. You'll receive $250 back to your new account when you apply for a new ANZ Low Rate Credit Card and spend $1,500 on eligible purchases in the first 3 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.

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, instalment plans or buy now pay later plans, 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.

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August 02, 2023

If i have opened this credit card with the promotion in the past and closed it, will i be able to open it again and get the same promotion?

Thank you


Amy Bradney-George Finder

August 07, 2023

Hi Jesslyn,

The terms and conditions for this offer state that is only for new credit card applicants and is limited to one offer per applicant, so if you have applied for this particular offer before you would not be eligible. But if you’ve closed the account, you could call ANZ on 13 22 73 to check whether you would be considered a new or existing applicant. Alternatively, you can compare other credit card cashback offers on Finder to decide if there’s another one that’s suitable for you. I hope this helps.

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