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ANZ Low Rate

ANZ Low Rate

3.2 from 36 reviews · View Statistics


  • 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 25 months

  • Up to 3 Additional Cardholders at no additional cost


  • 3% Foreign Transaction Fee

  • 1.5% Balance Transfer Fee and rate reverts to the high Cash Advance Rate of 20.24% at the end of the offer period


CategoryLow Rate Credit Cards and Balance Transfer Credit Cards
Card TypeVisa
BenefitsReduced First Year Annual Fee
Minimum Credit Limit A$1,000
Minimum Income A$15,000
Additional Cardholders 3
Additional Cardholder Fee A$0 p.a.
Minimum Repayments2%
Rewards ProgramANZ Rewards
Contactless PaymentsApple Pay and Google Pay
Rates & Fees
Purchase Rate12.49% p.a.
Cash Advance Fee2%
Late Payment FeeA$20
Annual FeeA$58 p.a.
Foreign Transaction Fee 3%
Overseas ATM Withdrawal FeeA$5
Interest Free Period 55 days
Cash Advance Rate20.24% p.a.
Introductory Offers
Reduced First Year Annual Fee A$0
Balance Transfer Rates
Balance Transfer Period 25 months
Balance Transfer Rate 0% p.a.
Balance Transfer Fee 1.5%
Release dateAug 2006

Visit official website



36 reviews
  • Transparency
    5.0 (1)
  • Customer Service
    3.0 (1)
  • Rates and Fees
    5.0 (1)
  • Rewards
    1.0 (1)
  • Online Experience
    4.0 (1)
  • Application Process
    4.0 (1)

AlbertSydney, NSW

  • 3 reviews
  • 1 like

useless card


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.

Customer Service
Rates and Fees
Online Experience
Application Process
Card Start DateNovember 2018
Main Point of ContactPhone
Card / Account Used For
  • Overseas/Travel
See all answers

The reviewer stated that an incentive was offered for this review


ZoeGold coast

Worst choice


I applied for credit card with excellent credit rating and was asked to send payslips which I did immediately. Then never received any response! No rejection no approval no acknowledgement whatsoever. I wrote to them repeatedly every day asking for a response and got none. The same thing happened to my Aunty and her husband. I think this is very wrong considering that it is now listed on my credit file and will affect any other credit I will have to apply for now. Really bad customer relations ANZ and thanks for ruining my credit file.



  • 9 reviews

Advertising lie


Clicked on a link promising an answer in 60 seconds after filling out an application online, only answer I received was fill out another form and upload pay slips, this is not what the advertising promised would happen and lying means I will now close my 5 other accounts with them, make sure I put as many bad reviews up as I can and report their false advertising for what it is.

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  • 11 reviews

Scam - As always by ANZ


ANZ messed up my CC account & i was paying for a wrong card for 3 months. when i complain about the msgs i was receiving from ANZ, then they realized they have linked a wrong. now i m trying to prove a point why i have to pay interest for something which i haven't done. stupid & dumb as hell. worst bank ever



  • 2 reviews
  • 1 like

The repo men


Does not honor commitments, does not apply common sense


I had underpaid a bill by $5 given an honest oversight. I called and they gave full commitment to waive it both the finance and interest charges. Told me they will take care of everything. I paid the outstanding $5 but in the next month's statement, the finance and interest charges were still not waived but instead compounded. Repeated calls always ended with them committing to fix it but they never their commitments. Ended up, I had enough. Cancelled all 4 cards my wife and I had with them. Extremely unprofessional! I have so many credit cards but never such an experience.



  • 2 reviews

They do not even check your credit background!!!!!





  • 23 reviews



So so. Wouldn't have bothered had I known about the annual card fee being treated as a 'Purchase' and interest would have been applicable from day dot but live and learn.
0% balance transfer for 6 months. Low rate even for b/t's after the 6 months.
ANZ charge the annual card fee on the first statement cycle and treat it as a purchase thereby incurring interest immediately. POOR, very poor. Only ended up costing a few $$$ more over the 6 months but that's the first bank ever to do that to me.

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Not satisfied, currently looking at other options as the interest rate on my ANZ card has not stayed at the rate that was agreed upon. Overall NOT SATISFIED

High interest rate compared to other cards @ 12% +

See all ANZ Low Rate reviews

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




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

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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