Purchase rate
12.49% p.a.
Balance transfer rate
0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)
Annual fees
$58 $0 in the first year
Interest free days on purchases
55
Go to site

Mozo editorial review ANZ Low Rate

Last updated: 5 November 2020.

binocular icon
What's hot
  • Low 12.49% purchase rate
  • 0% balance transfer offer for 25 months (1.5% BT fee)
  • Annual fee waived in the first year (then $58)
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 (waived in the first year). Plus, if you need to get rid of some pesky debt, pick up a 0% balance transfer offer for 25 months (1.5% BT fee applies).


key icon
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. That's because he card has an ongoing purchase rate of 12.49%.  

The card also comes with a relatively low annual fee of $58, which is actually waived for new cardholders in the first year. Just 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 25 month balance transfer period with 0% interest. Just bear in mind though, there is a 1.5% balance transfer fee and once the balance transfer period is up, the card will then revert to a rate of 20.24%. 

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.

snapshot
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.


question icon
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 20 January 2021 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 25 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 year

  • 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
6.7/10

Based on 6230 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 6/10
    On par credit card

    Okay credit card, no frills but low rate. On par with other banks.

    Read full review

    Okay credit card, no frills but low rate. On par with other banks.

    Price
    7/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    9/10
    Trust
    6/10
    Less
    Kate, Queensland reviewed about 12 hours ago
  • Overall 9/10
    That’s really no good.

    I love my credit card with ANZ but I noticed that when COVID-19 hit I remember the government said not to add interest and they added a $64 interest 3 times during COVID-19 lockdowns. That’s really no good.

    Read full review

    I love my credit card with ANZ but I noticed that when COVID-19 hit I remember the government said not to add interest and they added a $64 interest 3 times during COVID-19 lockdowns. That’s really no good.

    Price
    9/10
    Features
    -1/10
    Customer service
    6/10
    Convenience
    -1/10
    Trust
    4/10
    Less
    Cameron, New South Wales reviewed 5 days ago
  • Overall 9/10
    Budget credit card, easy, no fuss and reliable.

    Really happy with card - access and anytime there is fraud which there has been, they are straight onto it.

    Read full review

    Really happy with card - access and anytime there is fraud which there has been, they are straight onto it.

    Price
    8/10
    Features
    6/10
    Customer service
    9/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Anne, New South Wales reviewed about 1 month ago
  • Overall 6/10
    Would recommend

    Good overall friendly service.

    Read full review

    Good overall friendly service.

    Price
    6/10
    Features
    1/10
    Customer service
    4/10
    Convenience
    4/10
    Trust
    7/10
    Less
    Kym, Queensland reviewed about 2 months ago
  • Overall 9/10
    Great service.

    Excellent product. ANZ customer service has been fantastic in helping me find the best product suited for me.

    Read full review

    Excellent product. ANZ customer service has been fantastic in helping me find the best product suited for me.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Nakita, Western Australia reviewed 3 months ago
Thumbnail icon for 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.

See ANZ credit cards

Thumbnail icon for ANZ

ANZ

First

20.24% p.a.

0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)

$30

Thumbnail icon for ANZ

ANZ

Platinum

0% p.a. for 17 months then 20.24% p.a.

No current offer

$87 $0 when you spend over $20,000 p.a, $0 in the first year

Thumbnail icon for Bendigo Bank

Bendigo Bank

Low Rate Credit Card

0% p.a. for 15 months then 11.99% p.a.

No current offer

$45

Thumbnail icon for Bankwest

Bankwest

Breeze Mastercard

10.99% p.a.

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

$49 $0 in the first year

Thumbnail icon for Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

Thumbnail icon for ME

ME

frank Credit Card

11.99% p.a.

No current offer

$0

Thumbnail icon for St.George

St.George

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Thumbnail icon for CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Thumbnail icon for Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

Thumbnail icon for Qantas Money

Qantas Money

Qantas Premier Platinum

19.99% p.a.

0% p.a. for 18 months and then 21.99% p.a. (1.00% balance transfer fee)

$299 $199 in the first year

Qantas Frequent Flyer

Thumbnail icon for American Express

American Express

Qantas Ultimate Card

Qantas Frequent Flyer

$450

100,000

1.25 points uncapped

Thumbnail icon for St.George

St.George

Amplify Signature

Amplify Rewards

$279 $139 in the first year

200,000

1.5 points uncapped

Thumbnail icon for Suncorp

Suncorp

Clear Options Platinum

Suncorp Rewards

$129

100,000

1.25 points uncapped

Thumbnail icon for American Express

American Express

Qantas Premium Card

Qantas Frequent Flyer

$249

80,000

1 point uncapped

Thumbnail icon for Qantas Money

Qantas Money

Qantas Premier Platinum

Qantas Frequent Flyer

$299 $199 in the first year

100,000

1 point up to $10,000/month, then
0.5 points uncapped

Thumbnail icon for Bankwest

Bankwest

Qantas Platinum Mastercard

Qantas Frequent Flyer

$160

30,000

0.75 points up to $2,500/month, then
0.3 points uncapped

Thumbnail icon for BankSA

BankSA

Amplify Signature

Amplify Rewards

$279 $139 in the first year

200,000

1.5 points uncapped

Thumbnail icon for American Express

American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

Thumbnail icon for Bankwest

Bankwest

Breeze Mastercard

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

10.99% p.a.

$49 $0 in the first year

Thumbnail icon for Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

0% p.a. for 26 months and then 20.99% p.a.

20.74% p.a.

$129 $64 in the first year

Velocity Frequent Flyer

Thumbnail icon for St.George

St.George

Vertigo

0% p.a. for 24 months and then 21.49% p.a.

13.99% p.a.

$55 $0 in the first year

Thumbnail icon for Westpac

Westpac

Low Rate

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

13.74% p.a.

$59

Thumbnail icon for St.George

St.George

Amplify Platinum

0% p.a. for 22 months and then 21.49% p.a. (1.50% balance transfer fee)

0% p.a. for 7 months then 19.74% p.a.

$99 $0 in the first year

Amplify Rewards

Thumbnail icon for CUA

CUA

Low Rate Credit Card

0% p.a. for 20 months and then 21.74% p.a.

11.99% p.a.

$49 $0 in the first year

Thumbnail icon for Bank of Melbourne

Bank of Melbourne

Amplify Platinum

0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)

19.74% p.a.

$99

Qantas Frequent Flyer

Thumbnail icon for ANZ

ANZ

Low Rate

0% p.a. for 25 months and then 20.24% p.a. (1.50% balance transfer fee)

12.49% p.a.

$58 $0 in the first year

Thumbnail icon for Bendigo Bank

Bendigo Bank

Low Rate Credit Card

0% p.a. for 15 months then 11.99% p.a.

No current offer

$45

Thumbnail icon for Bankwest

Bankwest

Breeze Mastercard

10.99% p.a.

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

$49 $0 in the first year

Thumbnail icon for Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

Thumbnail icon for ME

ME

frank Credit Card

11.99% p.a.

No current offer

$0

Thumbnail icon for St.George

St.George

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Thumbnail icon for CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Thumbnail icon for Westpac

Westpac

Low Rate

13.74% p.a.

0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)

$59

Thumbnail icon for Bank of Melbourne

Bank of Melbourne

Vertigo

13.99% p.a.

0% p.a. for 24 months and then 21.49% p.a.

$55 $0 in the first year

Thumbnail icon for Bendigo Bank

Bendigo Bank

Low Rate Credit Card

0% p.a. for 15 months then 11.99% p.a.

No current offer

$45

Thumbnail icon for Bankwest

Bankwest

Breeze Mastercard

10.99% p.a.

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

$49 $0 in the first year

Thumbnail icon for ME

ME

frank Credit Card

11.99% p.a.

No current offer

$0

Thumbnail icon for CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 20 months and then 21.74% p.a.

$49 $0 in the first year

Thumbnail icon for Defence Bank

Defence Bank

Foundation Credit Card

3.99% p.a. for 6 months then 8.99% p.a.

3.99% p.a. for 6 months and then 8.99% p.a.

$45

Thumbnail icon for St.George

St.George

Vertigo Platinum

0% p.a. for 15 months then 12.99% p.a.

6.99% p.a. for 12 months and then 21.49% p.a.

$99 $49 in the first year

Thumbnail icon for NAB

NAB

StraightUp Card

0% p.a.

No current offer

$120 $10/month - waived if no spend & no balance owing

Thumbnail icon for Bankwest

Bankwest

Breeze Platinum Mastercard

10.99% p.a.

0% p.a. for 26 months and then 10.99% p.a. (2.00% balance transfer fee)

$69 $0 in the first year