Thumbnail icon for ANZ

ANZ Low Rate

Purchase rate
12.49% p.a.
Balance transfer rate
0% p.a. for 22 months and then 20.24% p.a. (1.50% balance transfer fee)
Annual fees
$58 $0 in the first 0 years
Interest free days on purchases
55

Mozo editorial review ANZ Low Rate

Last updated: 4 March 2020.

binocular icon
What's hot
  • Low 12.49% purchase rate
  • 0% balance transfer offer for 22 months
  • Annual fee waived in the first year
What's not
  • 20.24% cash advance rate
Mozo snapshot

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.


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Key features

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.

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Who is it good for

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.


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Any catches

Don't be tempted to use the credit card for cash withdrawals otherwise you will be paying a high 20.24%.

Details

Rates and fees information correct as at 28 May 2020 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 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

Fees
  • $58.00

  • $0 in the first 0 years

  • none

  • $0.00

  • $20.00

  • 2%

  • 3.00%

  • $0.00

  • $0.00

  • $0.00

Features
  • $25.00

  • 2.0

  • 3

  • none

Payment options

Apple Pay, Google Pay, Samsung Pay, Garmin, Fitbit

Customer Reviews

How are ANZ credit cards rated by the Mozo community?

Overall customer rating
6.7/10

Based on 6155 ANZ credit card reviews

Price
5.7/10
Features
5.9/10
Customer service
6.7/10
Convenience
7.5/10
Trust
6.9/10

Latest reviews of ANZ Low Rate

  • Overall 8/10
    Very secure

    Secure credit card.

    Read full review

    Secure credit card.

    Price
    8/10
    Features
    -1/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    9/10
    Less
    Paul, Queensland reviewed 6 days ago
  • Overall 6/10
    Easy to communicate when a problem arises.

    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 review

    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.

    Price
    3/10
    Features
    10/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    6/10
    Less
    David, Queensland reviewed 3 months ago
  • Overall 8/10
    ANZ is great and reliable.

    I have never had a problem with ANZ and their customer service is always willing to help over the phone or counter.

    Read full review

    I have never had a problem with ANZ and their customer service is always willing to help over the phone or counter.

    Price
    7/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    7/10
    Less
    Alaina, New South Wales reviewed 3 months ago
  • Overall 6/10
    Convoluted.

    After having this credit card for many years, I have had no offers or enquiries to check for better offers.

    Read full review

    After having this credit card for many years, I have had no offers or enquiries to check for better offers.

    Price
    4/10
    Features
    0/10
    Customer service
    3/10
    Convenience
    4/10
    Trust
    8/10
    Less
    Hannah, Victoria reviewed 4 months ago
  • Overall 7/10
    Pretty good.

    Overall, happy with ANZ for daily banking.

    Read full review

    Overall, happy with ANZ for daily banking.

    Price
    6/10
    Features
    0/10
    Customer service
    5/10
    Convenience
    9/10
    Trust
    7/10
    Less
    Donna, Victoria reviewed 6 months ago
ANZ

About ANZ

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.

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