ANZ Low Rate
ANZ Low Rate
Mozo Review ANZ Low Rate Review
Last updated: 17 August 2018.
What's hot:
Low 12.49% purchase rate
0% balance transfer offer for 15 months
What's not:
21.74% 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 15 months.
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 15 month balance transfer period with 0% interest and no BT fee to pay.
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.
Who it's 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.
Any catches?
Don't be tempted to use the credit card for cash withdrawals otherwise you will be paying a high 21.74%.
Details
Rates and fees information correct as at 20 October 2018.
Rates
-
12.49% p.a.
-
none
-
0% p.a. for 15 months and then 21.74% p.a.
-
yes
-
21.74% p.a.
-
55
Fees
-
$58.00
-
none
-
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?
Latest reviews of ANZ Low Rate
- Overall7/10
The girls are fantastic and very friendly
While I like the customer service, I don't like tap and go cards.
Read full review
While I like the customer service, I don't like tap and go cards.
Price5/10Features2/10Customer service7/10Convenience8/10Trust10/10Less
Lloyd | Queensland
reviewed 23 days ago
- Overall8/10
They have competitive rates.
I like this bank because they provide a wide range of products.
Read full review
I like this bank because they provide a wide range of products.
Price8/10Features6/10Customer service8/10Convenience9/10Trust10/10Less
David | Victoria
reviewed 30 days ago
- Overall8/10
Good bank
Lovely people, and customer service service!
Read full review
Lovely people, and customer service service!
Price8/10Features8/10Customer service8/10Convenience8/10Trust8/10Less
Voon | Queensland
reviewed 7 months ago
- Overall10/10
Great bank to save with
I am so impressed with ANZ.
Read full review
I am so impressed with ANZ.
Price10/10Features10/10Customer service10/10Convenience10/10Trust10/10Less
Rebecca | New South Wales
reviewed 7 months ago
- Overall4/10
Fees to high
Fees and charges are too high especially with the ruling recently that they have been...
Read full review
Fees and charges are too high especially with the ruling recently that they have been overcharging customers like me.
Price7/10Features4/10Customer service4/10Convenience4/10Trust3/10Less
Hassan | Victoria
reviewed 8 months ago
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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