Purchase rate
12.49% p.a.
Balance transfer rate
0% p.a. for 20 months and then 20.24% p.a.
Annual fees
$58 $0 in the first year
Interest free days on purchases
55

Mozo editorial review ANZ Low Rate

Last updated: 18 February 2021.

binocular icon
What's hot
  • Low 12.49% purchase rate
  • 0% balance transfer offer for 20 months (reverts to 20.24% afterwards)
  • 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 on purchases 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 20 months without being charged a balance transfer fee. 

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Key features

With many credit cards having interest rates of 19.00% and over, you could save money by switching to the ANZ low rate card. That's because this 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 20 month balance transfer period with 0% interest, and you won't incur a balance transfer fee. Just bear in mind that once the balance transfer period is up, any remaining balance will be subject to an interest 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 3.00% 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.


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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 23 April 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 20 months and then 20.24% p.a.

  • 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

  • Balance transfer offer applies to new cards. T&Cs, eligibility criteria, fees & charges apply (including Annual Fee, currently $58, after 1st year).

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 6242 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

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

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$49 $0 in the first year

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

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0% p.a. for 28 months and then 21.49% p.a.

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No current offer

1 point uncapped

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0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)

11.99% p.a.

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0% p.a. for 28 months and then 21.49% p.a.

13.99% p.a.

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10.99% p.a.

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11.99% p.a.

0% p.a. for 24 months and then 11.99% p.a. (2.00% balance transfer fee)

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

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