The ANZ Low Rate credit card has everything a good credit card should have: a low 12.49% interest rate and a low $58 annual fee. Plus, if you need to get rid of some pesky debt, pick up a 0% balance transfer offer for 22 months.
With many credit cards having interest rates of 19% and over, you could save money by switching to the ANZ low rate card. The card has an ongoing purchase rate of 12.49%.
While the $58 annual fee is relatively low for a credit card, be sure to set up automatic monthly repayments or you'll have to pay a $20 late payment fee.
If you need to clear some lingering credit card debt, you can take advantage of a 22 month balance transfer period with 0% interest. Just bear in mind though, there is a 1.5% balance transfer fee.
If you are travelling overseas you can use your low rate card wherever Mastercard is accepted. You will have to pay a 3% foreign currency conversion on all purchases made using your ANZ Low Rate card overseas.
The ANZ Low Rate card is good for anyone who is looking for a low cost credit card for their online and day to day purchases. To get your hands on it, you'll need to be 18 or over, and be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your Visa.
Don't be tempted to use the credit card for cash withdrawals otherwise you will be paying a high 20.24%.
12.49% p.a.
none
0% p.a. for 22 months and then 20.24% p.a. (1.50% balance transfer fee)
yes
20.24% p.a.
55
$58.00
$0 in the first 0 years
none
$0.00
$20.00
2%
3.00%
$0.00
$0.00
$0.00
$25.00
2.0
3
none
Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit
Secure credit card.
Read full reviewSecure credit card.
Been with them for years and have become complacent I guess. A lower interest loan or a 0% credit card alternative for 12 months. Of course with a lower interest than I am currently paying.
Read full reviewBeen with them for years and have become complacent I guess. A lower interest loan or a 0% credit card alternative for 12 months. Of course with a lower interest than I am currently paying.
I have never had a problem with ANZ and their customer service is always willing to help over the phone or counter.
Read full reviewI have never had a problem with ANZ and their customer service is always willing to help over the phone or counter.
After having this credit card for many years, I have had no offers or enquiries to check for better offers.
Read full reviewAfter having this credit card for many years, I have had no offers or enquiries to check for better offers.
Overall, happy with ANZ for daily banking.
Read full reviewOverall, happy with ANZ for daily banking.
ANZ is one of the largest companies in Australia and New Zealand, with a history that stretches back over 170 years. The bank offers a range of banking and financial products to more than 5.7 million retail customers, including home loans, credit cards and debit cards, personal loans, savings and banking accounts and personal insurance. And now, with its new mobile banking application, ANZ App, it's easier to do banking on the go.
See ANZ credit cards
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16.99% p.a.
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No current offer
1 point up to 100,000 points/year
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American Express
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Qantas Frequent Flyer
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No current offer
0.75 points uncapped
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Cashback Rewards
$149
No current offer
1 point up to $3,000/month
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15,000
1 point uncapped
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55,000
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50,000
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Membership Rewards
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30,000
1 point uncapped
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Bankwest
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0% p.a. for 6 months and then 12.99% p.a. (2.00% balance transfer fee)
12.99% p.a.
$79
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Bankwest
Breeze Platinum Mastercard
0% p.a. for 6 months and then 12.99% p.a. (2.00% balance transfer fee)
12.99% p.a.
$99
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3.99% p.a. for 6 months and then 11.74% p.a.
3.99% p.a. for 6 months then 11.74% p.a.
$45
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Bankwest
Zero Mastercard
2.99% p.a. for 9 months and then 17.99% p.a.
17.99% p.a.
$0
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Zero Platinum Mastercard
2.99% p.a. for 9 months and then 17.99% p.a.
17.99% p.a.
$0
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Bank First
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0% p.a. for 6 months and then 12.54% p.a.
0% p.a. for 6 months then 12.54% p.a.
$0
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0% p.a. for 14 months and then 21.99% p.a.
0% p.a. for 14 months then 20.74% p.a.
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Suncorp Rewards
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Virgin Australia Velocity Flyer Card - Purchase Rate Offer
0% p.a. for 6 months and then 20.99% p.a.
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Velocity Frequent Flyer
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3.99% p.a. for 6 months then 11.74% p.a.
3.99% p.a. for 6 months and then 11.74% p.a.
$45
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12.99% p.a.
0% p.a. for 6 months and then 12.99% p.a. (2.00% balance transfer fee)
$79
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0% p.a. for 6 months then 9.99% p.a.
0% p.a. for 6 months and then 9.99% p.a.
$0
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0% p.a. for 15 months then 11.99% p.a.
No current offer
$45
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10.49% p.a.
0% p.a. for 6 months and then 10.49% p.a.
$39
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11.99% p.a.
0% p.a. for 6 months and then 11.99% p.a.
$89
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3.99% p.a. for 6 months then 11.74% p.a.
3.99% p.a. for 6 months and then 11.74% p.a.
$45
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Credit Union SA
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0% p.a. for 6 months then 9.99% p.a.
0% p.a. for 6 months and then 9.99% p.a.
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0% p.a. for 15 months then 11.99% p.a.
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10.49% p.a.
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11.99% p.a.
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0% p.a. for 6 months and then 12.54% p.a.
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0% p.a. for 14 months and then 21.99% p.a.
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