Purchase rate
12.49% p.a.
Balance transfer rate
0% p.a. for 30 months and then 21.24% p.a.
Annual fees
$58 $0 in the first year
Interest free days on purchases

Mozo editorial review ANZ Low Rate - last updated: 27 April 2022

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What's hot
  • Low 12.49% purchase rate
  • 0% p.a. for 30 months on balance transfers (no balance transfer fee)
  • $0 annual fee in the first year ($58 thereafter)
What's not
  • 21.24% 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% p.a. balance transfer offer for 30 months without being charged a balance transfer fee. 

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Key features

With many credit cards having interest rates of 19.00% p.a. 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% p.a..  

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 30 month balance transfer period with 0% p.a. 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 21.24% 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.

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 21.24% p.a..


Rates and fees information correct as at 2 July 2022 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.

12.49% p.a.


0% p.a. for 30 months and then 21.24% p.a.


21.24% p.a.




$0 in the first year













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

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