The details shown below are for a card without rewards
The details shown below are for a card without rewards

Choose the version of this credit card that suits you best

Name Rewards program
Low Rate - Balance Transfer Offer n/a
Low Rate - Cashback offer n/a
  • Low Rate - Balance Transfer Offer
    Rewards: n/a
  • Low Rate - Cashback offer
    Rewards: n/a
Purchase rate
13.74% p.a.
Balance transfer rate
0% p.a. for 28 months and then 21.99% p.a. (3.00% balance transfer fee)
Annual fees
$58 $0 in the first year
Interest free days on purchases
55
Purchase rate
13.74% p.a.
Balance transfer rate
No current offer
Annual fees
$58
Interest free days on purchases
55

Mozo editorial review ANZ Low Rate - last updated: 31 January 2024

binocular icon
What's hot
  • Low 13.74% p.a. purchase rate
  • 0% p.a. for 28 months on balance transfers (if you opt for the balance transfer offer option)
  • $0 annual fee in the first year ($58 thereafter) - (if you opt for the balance transfer offer option)
  • 2022 Mozo Experts Choice Award-winner
What's not
  • 21.99% p.a. cash advance rate
Mozo snapshot

The ANZ Low Rate credit card has everything a good credit card should have: a low 13.74% interest rate on purchases and a low $58 annual fee (waived in the first year if you opt in for the balance transfer offer). Speaking of which, if you need to get rid of some pesky debt, this card comes with an optional 0% p.a. balance transfer offer for 28 months (reverts to 21.99% p.a.). Just keep in mind that a balance transfer fee of 3% will apply. Plus it won the 2022 Mozo Experts Choice Award for best Balance Transfer Credit Card!

key icon
Key features

With many credit cards having interest rates of 19.00% p.a. and over, the ANZ Low Rate Credit Card has an ongoing purchase rate of 13.74% p.a.

The ANZ Low Rate Credit Card comes with the choice of two different offer options: a credit-back-to-your-card offer or a balance transfer offer. The interest rates and features you get will depend on which offer you choose.

The card also comes with a relatively low annual fee of $58, which is actually waived for new cardholders in the first year (if you opt in for the balance transfer offer). 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 might choose to take advantage of a 30 month balance transfer period with 0% p.a. interest (a balance transfer fee of 3% of the balance being transferred will apply). Just bear in mind that once the balance transfer period is up, any remaining balance will be subject to an interest rate of 21.99% p.a.

If you are travelling overseas you can use your low rate card wherever Mastercard is accepted. You will have to pay a 3.00% 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

Be aware that this credit card comes with a 21.99% p.a. cash advance rate.

Details

Rates and fees information correct as at 15 April 2024 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

13.74% p.a.

none

0% p.a. for 28 months and then 21.99% p.a. (3.00% balance transfer fee)

yes

21.99% p.a.

55

Fees

$58.00

$0 in the first year

none

$0.00

$20.00

3.0%, Min $4.00

3.00%

$0.00

$0.00

$0.00

Features

$25.00

2.0

3

none

Payment options

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

Details

Rates and fees information correct as at 15 April 2024 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

13.74% p.a.

none

No current offer

yes

21.99% p.a.

55

Fees

$58.00

none

none

$0.00

$20.00

3.0%, Min $4.00

3.00%

$0.00

$0.00

$0.00

Features

$25.00

2.0

3

none

Payment options

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

Customer Reviews

How are ANZ credit cards rated by the Mozo community?

Overall
Price
Features
Customer service
Convenience
Trust
Based on 6323 ANZ credit card reviews

Latest reviews of ANZ Low Rate Credit Card

About ANZ

Thumbnail icon for NAB
NAB

Low Rate Card

13.49% p.a.

0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)

$59 $0 in the first year

Thumbnail icon for American Express
American Express

Qantas Ultimate Card

23.99% p.a.

No current offer

$450

Qantas Frequent Flyer

Thumbnail icon for American Express
American Express

Platinum Edge Credit Card

23.99% p.a.

No current offer

$195 $0 in the first year

Membership Rewards

Thumbnail icon for American Express
American Express

Explorer Credit Card

23.99% p.a.

No current offer

$395

Membership Rewards

Thumbnail icon for American Express
American Express

Velocity Platinum Card

23.99% p.a.

No current offer

$375

Velocity Frequent Flyer

Thumbnail icon for American Express
American Express

Qantas Discovery Card

23.99% p.a.

No current offer

$0

Qantas Frequent Flyer

Thumbnail icon for American Express
American Express

Low Rate Credit Card

10.99% p.a.

No current offer

$0

Thumbnail icon for American Express
American Express

Velocity Escape Card

23.99% p.a.

No current offer

$0

Velocity Frequent Flyer

Thumbnail icon for American Express
American Express

Qantas Ultimate Card

Qantas Frequent Flyer

$450

60,000

1.25 points up to 100,000 points/year, then
1 point uncapped

Thumbnail icon for G&C Mutual Bank
G&C Mutual Bank

Platinum Visa Credit Card

Qantas Frequent Flyer

$299

50,000

1 point up to 20,000 points/month

Thumbnail icon for NAB
NAB

Qantas Rewards Premium Card

Qantas Frequent Flyer

$250 $150 in the first year

70,000

0.66 points up to $3,000/month, then
0.33 points up to $6,000/month

Thumbnail icon for American Express
American Express

Qantas Premium Card

Qantas Frequent Flyer

$249

20,000

1 point uncapped

Thumbnail icon for NAB
NAB

Rewards Signature Card

NAB Rewards

$295 $145 in the first year

160,000

1.25 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 American Express
American Express

Velocity Escape Card

Velocity Frequent Flyer

$0

No current offer

0.75 points uncapped

Thumbnail icon for NAB
NAB

Qantas Rewards Signature Card

Qantas Frequent Flyer

$395 $295 in the first year

120,000

1 point up to $5,000/month, then
0.5 points up to $20,000/month

Thumbnail icon for NAB
NAB

Low Rate Card

0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)

13.49% p.a.

$59 $0 in the first year

Thumbnail icon for Citi
Citi

Premier Credit Card

0% p.a. for 6 months and then 22.24% p.a.

21.49% p.a.

$300 $150 in the subsequent years if you spend $48,000 on eligible purchases or cash advances in previous year., $150 in the first year

Citi Rewards Program

Thumbnail icon for Bank of Queensland
Bank of Queensland

Blue Visa Credit Card

0% p.a. for 9 months and then 21.74% p.a.

0% p.a. for 9 months then 20.74% p.a.

$60

Q Rewards

Thumbnail icon for Virgin Money
Virgin Money

Virgin Australia Velocity Flyer Card - Balance Transfer Offer

0% p.a. for 24 months and then 20.99% p.a.

20.74% p.a.

$149 $0 in the first year

Velocity Frequent Flyer

Thumbnail icon for Bankwest
Bankwest

More Mastercard

0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)

19.99% p.a.

$100

Bankwest More Rewards

Thumbnail icon for NAB
NAB

Low Rate Card

13.49% p.a.

0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)

$59 $0 in the first year

Thumbnail icon for American Express
American Express

Low Rate Credit Card

10.99% p.a.

No current offer

$0

Thumbnail icon for HSBC
HSBC

Low Rate Credit Card

12.99% p.a.

0% p.a. for 12 months and then 25.99% p.a. (2.00% balance transfer fee)

$99

Thumbnail icon for Australian Unity
Australian Unity

Low Rate Visa Credit Card

9.90% p.a.

No current offer

$59

Thumbnail icon for MOVE Bank
MOVE Bank

Low Rate Credit Card

8.99% p.a.

0% p.a. for 6 months and then 8.99% p.a.

$59 $0 in the first year

Thumbnail icon for NAB
NAB

Low Rate Card

13.49% p.a.

0% p.a. for 28 months and then 21.74% p.a. (2.00% balance transfer fee)

$59 $0 in the first year

Thumbnail icon for American Express
American Express

Low Rate Credit Card

10.99% p.a.

No current offer

$0

Thumbnail icon for HSBC
HSBC

Low Rate Credit Card

12.99% p.a.

0% p.a. for 12 months and then 25.99% p.a. (2.00% balance transfer fee)

$99

Thumbnail icon for Australian Unity
Australian Unity

Low Rate Visa Credit Card

9.90% p.a.

No current offer

$59

Thumbnail icon for MOVE Bank
MOVE Bank

Low Rate Credit Card

8.99% p.a.

0% p.a. for 6 months and then 8.99% p.a.

$59 $0 in the first year

Thumbnail icon for Bank of Queensland
Bank of Queensland

Blue Visa Credit Card

0% p.a. for 9 months then 20.74% p.a.

0% p.a. for 9 months and then 21.74% p.a.

$60

Thumbnail icon for Westpac
Westpac

Flex Card

0% p.a.

No current offer

$120 $10 monthly fee waived if the outstanding balance on the previous statement is paid in full by the due date.

Thumbnail icon for NAB
NAB

StraightUp Card

n/a

No current offer

$240 $20/month - waived if no spend & no balance owing

Compare other credit cards