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?

Overall customer rating
6.7/10

Based on 6142 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 6/10
    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 review

    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.

    Price
    3/10
    Features
    10/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    6/10
    Less
    David, Queensland reviewed about 1 month ago
  • Overall 8/10
    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 review

    I have never had a problem with ANZ and their customer service is always willing to help over the phone or counter.

    Price
    7/10
    Features
    7/10
    Customer service
    9/10
    Convenience
    8/10
    Trust
    7/10
    Less
    Alaina, New South Wales reviewed about 2 months ago
  • Overall 6/10
    Convoluted.

    After having this credit card for many years, I have had no offers or enquiries to check for better offers.

    Read full review

    After having this credit card for many years, I have had no offers or enquiries to check for better offers.

    Price
    4/10
    Features
    0/10
    Customer service
    3/10
    Convenience
    4/10
    Trust
    8/10
    Less
    Hannah, Victoria reviewed about 2 months ago
  • Overall 7/10
    Pretty good.

    Overall, happy with ANZ for daily banking.

    Read full review

    Overall, happy with ANZ for daily banking.

    Price
    6/10
    Features
    0/10
    Customer service
    5/10
    Convenience
    9/10
    Trust
    7/10
    Less
    Donna, Victoria reviewed 4 months 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 expensive for what you get from it.

    Read full review

    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
    Less
    Rob, New South Wales reviewed 4 months 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.

See ANZ credit cards

Promoted

American Express

American Express

Qantas Ultimate Card

20.74% p.a.

No current offer

$450

Qantas Frequent Flyer

Promoted

ING

ING

Orange One Credit Card

11.99% p.a.

No current offer

$0

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

American Express

American Express

Qantas Discovery Card

20.74% p.a.

No current offer

$0

Qantas Frequent Flyer

Promoted

Heritage Bank

Heritage Bank

Gold Low Rate

10.80% p.a.

No current offer

$0

Promoted

ING

ING

Orange One Platinum Credit Card

16.99% p.a.

No current offer

$149

Cashback Rewards

Promoted

Bankwest

Bankwest

Zero Platinum Mastercard

17.99% p.a.

2.99% p.a. for 9 months and then 17.99% p.a.

$0

Promoted

American Express

American Express

Velocity Escape Card

20.74% p.a.

No current offer

$0

Velocity Frequent Flyer

Promoted

American Express

American Express

Qantas Ultimate Card

Qantas Frequent Flyer

$450

100,000

1.25 points uncapped

Promoted

CUA

CUA

Platinum Credit Card

Life Rich Rewards

$149 $0 in the first year

No current offer

1 point up to 100,000 points/year

Promoted

ING

ING

Orange One Platinum Credit Card

Cashback Rewards

$149

No current offer

1 point up to $3,000/month

Promoted

American Express

American Express

Qantas Discovery Card

Qantas Frequent Flyer

$0

No current offer

0.75 points uncapped

Promoted

Heritage Bank

Heritage Bank

Platinum

Heritage Credits

$125 $0 when you spend over $35,000 p.a

No current offer

0.002 points uncapped

Promoted

American Express

American Express

Velocity Platinum Card

Velocity Frequent Flyer

$375

50,000

1.25 points uncapped

Promoted

American Express

American Express

Velocity Escape Card

Velocity Frequent Flyer

$0

No current offer

0.75 points uncapped

Promoted

American Express

American Express

Explorer Credit Card

Membership Rewards

$395

50,000

2 points uncapped

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

Bankwest

Bankwest

Zero Platinum Mastercard

17.99% p.a.

2.99% p.a. for 9 months and then 17.99% p.a.

$0

Promoted

Bank First

Bank First

Visa Classic Credit Card

0% p.a. for 6 months then 12.54% p.a.

0% p.a. for 6 months and then 12.54% p.a.

$0

Promoted

Suncorp

Suncorp

Clear Options Platinum

0% p.a. for 14 months then 20.74% p.a.

0% p.a. for 14 months and then 21.99% p.a.

$129 $49 in the first year

Suncorp Rewards

Promoted

Virgin Money

Virgin Money

Virgin Australia Velocity Flyer Card - Purchase Rate Offer

0% p.a. for 14 months then 20.74% p.a.

0% p.a. for 6 months and then 20.99% p.a.

$129 $64 in the first year

Velocity Frequent Flyer

Promoted

Credit Union SA

Credit Union SA

Education Community Credit Card

0% p.a. for 6 months then 9.99% p.a.

0% p.a. for 6 months and then 9.99% p.a.

$0

Promoted

ING

ING

Orange One Credit Card

11.99% p.a.

No current offer

$0

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

Heritage Bank

Heritage Bank

Gold Low Rate

10.80% p.a.

No current offer

$0

Promoted

Credit Union SA

Credit Union SA

Education Community Credit Card

0% p.a. for 6 months then 9.99% p.a.

0% p.a. for 6 months and then 9.99% p.a.

$0

Promoted

Bendigo Bank

Bendigo Bank

Low Rate Mastercard

11.99% p.a.

0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)

$45

Promoted

Credit Union SA

Credit Union SA

Visa Credit Card

10.49% p.a.

0% p.a. for 6 months and then 10.49% p.a.

$39

Promoted

Bendigo Bank

Bendigo Bank

Low Rate Platinum Mastercard

11.99% p.a.

0% p.a. for 6 months and then 11.99% p.a.

$89

Promoted

ING

ING

Orange One Credit Card

11.99% p.a.

No current offer

$0

Promoted

CUA

CUA

Low Rate Credit Card

11.99% p.a.

0% p.a. for 18 months and then 21.74% p.a.

$49 $0 in the first year

Promoted

Heritage Bank

Heritage Bank

Gold Low Rate

10.80% p.a.

No current offer

$0

Promoted

Credit Union SA

Credit Union SA

Education Community Credit Card

0% p.a. for 6 months then 9.99% p.a.

0% p.a. for 6 months and then 9.99% p.a.

$0

Promoted

Bendigo Bank

Bendigo Bank

Low Rate Mastercard

11.99% p.a.

0% p.a. for 18 months and then 11.99% p.a. (2.00% balance transfer fee)

$45

Promoted

Credit Union SA

Credit Union SA

Visa Credit Card

10.49% p.a.

0% p.a. for 6 months and then 10.49% p.a.

$39

Promoted

Bendigo Bank

Bendigo Bank

Low Rate Platinum Mastercard

11.99% p.a.

0% p.a. for 6 months and then 11.99% p.a.

$89

Promoted

Bank First

Bank First

Visa Classic Credit Card

0% p.a. for 6 months then 12.54% p.a.

0% p.a. for 6 months and then 12.54% p.a.

$0