ANZ Low Rate
ANZ Low Rate
Mozo Review ANZ Low Rate Review
Last updated: 26 August 2019.
What's hot:
Low 12.49% purchase rate
0% balance transfer offer for 15 months
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 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. 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.
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 17 October 2019 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 15 months and then 20.24% p.a.
-
yes
-
20.24% 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
- Overall0/10
Completely unfair
I have a home loan with ANZ and despite that they won't approve me for a low rate credit card.
Read full review
I have a home loan with ANZ and despite that they won't approve me for a low rate credit card.
Price0/10Features0/10Customer service0/10Convenience0/10Trust0/10Less
Kasie | New South Wales
reviewed 2 months ago
- Overall9/10
Excellent
I am vert happy with ANZ.
Read full review
I am vert happy with ANZ.
Price10/10Features7/10Customer service9/10Convenience9/10Trust7/10Less
Barbra | Queensland
reviewed 10 months ago
- Overall10/10
Great, but pricing and features could be better
Everything is amazing except for the interest rate on the card. The rate could definitely be...
Read full review
Everything is amazing except for the interest rate on the card. The rate could definitely be lower. Also more features would be nice.
Price7/10Features5/10Customer service10/10Convenience10/10Trust10/10Less
Stefanie | New South Wales
reviewed 11 months ago
- Overall9/10
I liked my ANZ visa account !!
I previously had a visa account with ANZ bank and was really happy with it and now I want a new...
Read full review
I previously had a visa account with ANZ bank and was really happy with it and now I want a new visa account so I will be going back to ANZ.
Price9/10Features9/10Customer service9/10Convenience9/10Trust10/10Less
Wayne | Victoria
reviewed 11 months ago
- Overall5/10
Too many fees
I just don’t like the monthly fees.
Read full review
I just don’t like the monthly fees.
Price6/10Features5/10Customer service6/10Convenience2/10Trust7/10Less
Rowena | Western Australia
reviewed 12 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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