ANZ Low Rate
12.49% p.a.
0% p.a. for 22 months and then 20.24% p.a. (1.50% balance transfer fee)
$58 $0 in the first 0 years
n/a
ANZ Low Rate
12.49% p.a.
0% p.a. for 22 months and then 20.24% p.a. (1.50% balance transfer fee)
$58 $0 in the first 0 years
n/a
ANZ Low Rate
12.49% p.a.
0% p.a. for 22 months and then 20.24% p.a. (1.50% balance transfer fee)
$58 $0 in the first 0 years
n/a
Mozo Review ANZ Low Rate Review
Last updated: 4 March 2020.
What's hot:
Low 12.49% purchase rate
0% balance transfer offer for 22 months
Annual fee waived in the first year
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 22 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 22 month balance transfer period with 0% interest. Just bear in mind though, there is a 1.5% balance transfer fee.
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 9 April 2020 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 22 months and then 20.24% p.a. (1.50% balance transfer fee)
-
yes
-
20.24% p.a.
-
55
Fees
-
$58.00
-
$0 in the first 0 years
-
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
-
Easy to communicate when a problem arises.
Been with them for years and have become complacent I guess. A lower interest loan or a 0% credit card alternative for 12 months. Of course with a lower interest than I am currently paying.
Read full reviewBeen with them for years and have become complacent I guess. A lower interest loan or a 0% credit card alternative for 12 months. Of course with a lower interest than I am currently paying.
Price3/10Features10/10Customer service8/10Convenience8/10LessTrust6/10 -
ANZ is great and reliable.
I have never had a problem with ANZ and their customer service is always willing to help over the phone or counter.
Read full reviewI have never had a problem with ANZ and their customer service is always willing to help over the phone or counter.
Price7/10Features7/10Customer service9/10Convenience8/10LessTrust7/10 -
Convoluted.
After having this credit card for many years, I have had no offers or enquiries to check for better offers.
Read full reviewAfter having this credit card for many years, I have had no offers or enquiries to check for better offers.
Price4/10Features0/10Customer service3/10Convenience4/10LessTrust8/10 -
Pretty good.
Overall, happy with ANZ for daily banking.
Read full reviewOverall, happy with ANZ for daily banking.
Price6/10Features0/10Customer service5/10Convenience9/10LessTrust7/10 -
Charges high service reasonable.
Have dealt with ANZ for years. Generally they have been pretty good. However their credit card is expensive for what you get from it.
Read full reviewHave dealt with ANZ for years. Generally they have been pretty good. However their credit card is expensive for what you get from it.
Price7/10Features7/10Customer service4/10Convenience5/10LessTrust3/10
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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