ANZ Low Rate

12.49% p.a.

0% p.a. for 15 months and then 20.24% p.a.

$58

n/a

ANZ Low Rate

12.49% p.a.

0% p.a. for 15 months and then 20.24% p.a.

$58

n/a

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 13 December 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?

Overall customer rating
6.7/10

Based on 6122 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

  • Overall
    7/10
    Pretty good.

    Overall, happy with ANZ for daily banking.

    Overall, happy with ANZ for daily banking.

    Price
    6/10
    Features
    0/10
    Customer service
    5/10
    Convenience
    9/10
    Trust
    7/10

    Donna | Victoria

    reviewed 4 days ago

  • Overall
    6/10
    Charges high service reasonable.

    Have dealt with ANZ for years. Generally they have been pretty good. However their credit card is...

    Have dealt with ANZ for years. Generally they have been pretty good. However their credit card is expensive for what you get from it.

    Price
    7/10
    Features
    7/10
    Customer service
    4/10
    Convenience
    5/10
    Trust
    3/10

    Rob | New South Wales

    reviewed 8 days ago

  • Overall
    0/10
    Not a valuable card at all, but still charge me $.

    I had to argue about an extra charge when they said I'd missed a due date, actually I was well...

    I had to argue about an extra charge when they said I'd missed a due date, actually I was well ahead and had paid triple. I asked for a supervisor, he asserted the same thing but when I said I would report him about this overcharge, he repaid the overcharge back to me.

    Price
    0/10
    Features
    0/10
    Customer service
    1/10
    Convenience
    0/10
    Trust
    0/10

    Julianne | Queensland

    reviewed 30 days ago

  • Overall
    10/10
    Great customer service.

    ANZ are awesome to deal with and also help out if life goes wrong and you need help.

    ANZ are awesome to deal with and also help out if life goes wrong and you need help.

    Price
    10/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    -1/10

    Kerry | Queensland

    reviewed about 1 month ago

  • Overall
    9/10
    Great online and great customer service

    The online banking is excellent, and the app is just as good. Probably a little difficult to use...

    The online banking is excellent, and the app is just as good. Probably a little difficult to use for older people though, like my parents.

    Price
    7/10
    Features
    9/10
    Customer service
    10/10
    Convenience
    7/10
    Trust
    9/10

    Daniel | Victoria

    reviewed about 1 month ago

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.

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