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ANZ Low Rate

ANZ Low Rate

3.1 from 37 reviews · View Statistics
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Pros

Low Interest Rate of 12.49% p.a. on purchases
$0 Annual Account Fee in First Year, $58 in subsequent years
0% on Balance Transfers for 30 months with no Balance Transfer Fee
Up to 3 Additional Cardholders at no additional cost

Cons

3% Foreign Transaction Fee

Details

CategoryLow Rate Credit Cards and Balance Transfer Credit Cards
Card TypeVisa
BenefitsReduced First Year Annual Fee
Minimum Credit Limit $1,000.00
Minimum Income $15,000.00
Additional Cardholders 3
Additional Cardholder Fee $0.00 p.a.
Minimum Repayments2%
Contactless PaymentsApple Pay and Google Pay
Rates & Fees
Purchase Rate12.49% p.a.
Cash Advance Fee2%
Late Payment Fee$20.00
Annual Fee$58.00 p.a.
Foreign Transaction Fee 3%
Overseas ATM Withdrawal Fee$5.00
Interest Free Period 55 days
Cash Advance Rate20.24% p.a.
Introductory Offers
Reduced First Year Annual Fee $0.00
Balance Transfer Rates
Balance Transfer Period 30 months
Balance Transfer Rate 0% p.a.
Balance Transfer Fee 0%
Release date
Visit official website

Reviews

3.1
37 reviews
  • Transparency
    4.0 (13)
  • Customer Service
    3.9 (13)
  • Rates and Fees
    4.2 (13)
  • Rewards
    2.4 (5)
  • Online Experience
    4.0 (12)
  • Application Process
    3.8 (10)
Previous
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Lazy guy
Lazy guyGreater Melbourne (Inner), VIC
  • 25 reviews
  • 7 likes

Cannot increase above $1000

published

I had been with ANZ credit card for long time, no bad credit. always paid balance in full within 2 or 3 weeks. I applied westpac and nab credit cards and got approved much much higher. ANZ won't increase and I got really upset and closed anz credit card. why should i pay yearly fee if cannot increase beyond 1k? Ridiculous system.

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Sarah S.
Sarah S.Northeast, VIC
  • 7 reviews

Perfect solution for an emergency-only credit card

published

I've had this card for over 2 years now and find the fees to be exceptionally low. Have used this card in the South Pacific and didn't incur any extra fees. Great card to have for an emergency backup and easy to set up with Apple Pay.

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JuL
JuLGreater Melbourne (Inner), VIC
  • 6 reviews
  • Verified

Low rates, solid first credit card

published

Low rates, plus a reasonably low annual fee ($58) made this a less intimidating and probably fairly solid choice for my first credit card. But while it is a good basic credit card, it does not accumulate points, and it lacks the travel benefits other cards offer by charging international transaction fees and not offering the free travel insurance included with other cards. A good basic, first credit card.

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Ray
Raymelbourne
  • 19 reviews
  • 8 likes
  • Verified

Good balance transfer offer

published

I’ve got 0% for 18 months balance transfer offer without any fee. Took my balance from another bank over, only paid minimum each month. Great for cash flow. If you keep a balance each month, it’s one of the lowest rate on the market.

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Albert
AlbertSydney, NSW
  • 4 reviews
  • 3 likes

useless card

published

no fee, no points, $1000 limit, no use
That is what ANZ offered me after I got half $M mortgage from them. The card can be adopted in APPLE pay and the internet banking is alrite.

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The reviewer stated that an incentive was offered for this review

Happy camper
Happy camperPerth, WA
  • 6 reviews
  • 4 likes

Is suitable as not always pay card off by end of month. Can redirect rewards to pay done amount

published

Took card as back up. Advised beforehand of where I was going. Did get a warning of someone else trying to use card in another country and the the transaction was not processed.
Have had card not be accepted if not advising bank of use before going overseas.

  • Incentivised Review No
  • Card / Account Used For
    • Special Purchases
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marcus2
marcus2Sydney, NSW

Great Card with a low-interest rate on purchases

published

I rely on this card for months when I am struggling, as I do not always pay my card in full at the end of every month the fact that it is the low-interest rate on purchases, gives me the reassurance that I made the right choice, other features are usual

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Helper
HelperGreater Melbourne (Inner), VIC
  • 18 reviews
  • 17 likes

Best catd

published

This is the best card I have seen so far low interest rate dont pisg too much if you miss a payment and give some time to catch up which is good sometimes when you are struggling
Not much effect for credit rating very good card actually
Low interest
No fees at all
Waives annual fee some times
Very very good best card of all

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The reviewer stated that an incentive was offered for this review

Reviewer22
Reviewer22Melbourne
  • 6 reviews
  • 1 like

Good basic card, with easy online access

published

I've had this card for years, and have found it to be a very good basic credit card. There are no bells and whistles, but the interest rate is reasonable, and you have access to control it online. ANZ as a bank are generally easy to deal with, and I've found that they're quick to fix any problems. Easy to read statement, and all fees and charges are noted in writing. The only thing I didn't like about the credit card itself was the fact that it had an annual fee attached to the account. Other than that, easy and simple credit card that does the job it's meant to.

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The reviewer stated that an incentive was offered for this review

Low Rate Credit Cards

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Stephen
StephenSouth East Queensland, QLD
  • 38 reviews
  • 27 likes

Great service

published

I have had my ANZ Low Rate Credit Card for well over 10 years and found ANZ to be extremely reliable and helpful with every transaction that I have made

  • Incentivised Review No
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Barb
BarbMetropolitan Adelaide, SA
  • 16 reviews
  • 13 likes

Excellent for the elderly

published

Find this card easy to use online I have never had any trouble with the bank & the low rate suits us as we are pensioners & having this card for our pension to go in makes it easy to do our banking on line

  • Transparency
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The reviewer stated that an incentive was offered for this review

Bec M
Bec MCulburra Beach
  • 6 reviews
  • 1 like

Basic No Frills

published

Great easy to use credit card. Basic card without lots of extras, which helps to just use it when needed for back up and emergency’s. Low rate and easy to understand fees

  • Transparency
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Low Rate Credit Cards

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Chicken lady.
Chicken lady.Singleton
  • 7 reviews
  • 4 likes

Perfect for me.

published

Great back up card with low rate no add frills, I have only used my Card about 4 times and only for emergency. I see it as if I can't afford it. I don't need it.

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The reviewer stated that an incentive was offered for this review

MsCapri
MsCapriCanberra 2600, ACT
  • 6 reviews

Perfect for Online Buying

published

This card is a low rate, and a low credit Limit. I use it for online buying as I have no other accounts with ANZ. Never had any issues at all, and have had versions on the ANZ card for almost 20years now.

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Citizen smiff
Citizen smiffHobart, TAS
  • 3 reviews

fair enough

published

My mastercard was changed to this visa by my bank (Pain in the a...) but the rate is lower, no frills, no problems. My best advice: don't get a credit card! Get a temporary overdraft facility.

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Questions & Answers

Denise M
Denise Masked

Are there overseas transaction fees on purchases with this card?

3 answers
Don P.
Don P.

Yes . The overseas transaction fee varies from 1.5% to 3 % depending on the credit card types : Visa or MasterCard , Amex

Sonda
Sonda

yes

anamicky
anamicky

I’ve only used this card within Australia, but I’ve purchased plenty OS items online and just used PayPal. no extra fees.

Rayandmelisa P
Rayandmelisa Pasked

Hi there. If you dont pay your minimum monthy re payent with the put a hold on your credit card ? Cheers

2 answers
Sonda
Sonda

Yes most possibly.

Don P.
Don P.

If you don't pay minimum monthly repayment on the due date You would be charged a late payment fee and this can affect your credit scores

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