ANZ Low Rate Credit Card
- APR
- 13.74% – 21.99%
- Annual Fee
- A$58
- Sign-Up Bonus
- A$400
ANZ Low Rate is a low-rate Visa with a first-year A$0 annual fee, then A$58 p.a., plus a 26-month 0% balance-transfer offer and A$400 cashback after qualifying spend.
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Our Verdict
ANZ Low Rate is more attractive than the stale record implied: it stays focused on low-rate borrowing, but the current A$400 cashback and 26-month balance-transfer offer add real short-term value.
Pros
- Low-rate positioning with ANZ's lowest purchase-rate card
- 0% p.a. balance transfers for 26 months (3% fee)
- A$400 back after A$5,000 eligible spend in the first 6 months
- A$0 annual fee in year one before reverting to A$58
Cons
- No rewards program
- Annual fee applies after the first year
- Balance-transfer promo still carries a 3% transfer fee
For those looking to save on interest costs, the ANZ Low Rate Credit Card offers a consistent 13.74% p.a. rate. With no annual fee, it’s designed for users who want to avoid monthly charges while managing their spending effectively.
Unlike many credit cards that lure customers with rewards, this card focuses solely on low interest. However, this means it lacks a rewards program, making it less appealing for those who prefer earning points or cashback.
The card is particularly beneficial for balance transfers, allowing users to consolidate debt without incurring high fees. Yet, the cash advance rate is notably high, which can lead to significant charges if not managed properly.
Customer service generally receives positive feedback, and the online application process is straightforward. For more details, users can visit ANZ's official page at anz.com.au.
Who It's For
Borrowers focused on low purchase costs and balance-transfer utility rather than rewards.
Watch Out
The headline fee waiver is only for year one; ongoing cost is A$58/year.
Summary
A cleaner fit for borrowers than points-chasers, especially if you want a long balance-transfer runway.
Best For
This card is best for individuals looking to manage existing debt or make purchases without incurring high interest.
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What Customers Say
Cardholders appreciate the low interest rate, though some express disappointment over the lack of rewards.
