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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 30 months with no Balance Transfer Fee

  • Up to 3 Additional Cardholders at no additional cost


  • 3% Foreign Transaction Fee


CategoryLow Rate Credit Cards and Balance Transfer Credit Cards
Card TypeVisa
BenefitsReduced First Year Annual Fee
Minimum Credit Limit $1,000
Minimum Income $15,000
Additional Cardholders 3
Additional Cardholder Fee $0 p.a.
Minimum Repayments2%
Contactless PaymentsApple Pay and Google Pay
Rates & Fees
Purchase Rate12.49% p.a.
Cash Advance Fee2%
Late Payment Fee$20
Annual Fee$58 p.a.
Foreign Transaction Fee 3%
Overseas ATM Withdrawal Fee$5
Interest Free Period 55 days
Cash Advance Rate20.24% p.a.
Introductory Offers
Reduced First Year Annual Fee $0
Balance Transfer Rates
Balance Transfer Period 30 months
Balance Transfer Rate 0% p.a.
Balance Transfer Fee 0%
Release dateAug 2006
Visit official website



36 reviews
  • Transparency
    3.5 (2)
  • Customer Service
    5.0 (2)
  • Rates and Fees
    4.0 (2)
  • Rewards
    1.0 (1)
  • Online Experience
    3.5 (2)
  • Application Process
    3.0 (1)
JuLGreater Melbourne (Inner), VIC
  • 6 reviews
  • Verified

Low rates, solid first credit card


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.

Customer Service
Happy camper
Happy camperPerth, WA
  • 6 reviews

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


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 ReviewNo
Card / Account Used For
  • Special Purchases
MsCapriCanberra 2600, ACT
  • 5 reviews

Perfect for Online Buying


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.

Customer Service
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Low Rate Credit Cards

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  • 374 reviews



im happy with the low interest rate. I was given a credit limit of $4000 which was more than i expected (and wanted) however it doesnt bother me because its only used for emergencies. I can track my credit card payments in my internet banking.
Low interest rate for me who is not a regular credit card user. They have the option of 0% balance transfers for 6 months which i dont need but its a great bonus. I can design my card to whatever print i like,
the annual fee is $58 dollars however the interest rate is smaller saving you more money than having the opposite.

  • 25 reviews



A good card however one may require a second non-amex card. The annual fee is also reasonable for a gold card. Can use it world wide.
This is a gold card that offers travel insurance for those travelling overseas. This card is great if one is purchasing tickets for overseas travel using it.
American express cards are not accepted by a number of merchants which limits one option to earn maximum point from it. Some even charge higher merchant fees. This means that one has to have another card alongside one's amex just in case amex isn't accepted.

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Wendy Z.
Wendy Z.19 Nov 2019
  • 25 reviews



the card is not a bad one if you intend to use it for purchases, the rate is not too high compared to other cards, but like so many others beware of the holiday period ending once you've done a balance transfer. for even a small amount you'd pay an arm and a leg, never actually paying off more than the minimum each month.
good if you plan to keep the used balance to a minimum. or pay off very soon for a balance transfer transaction to another card
interest is surreal after the balance transfer period has run out

EV79LawtonWA, 6018
  • 135 reviews



if you are existing an ANZ customer and like to manage the account online + stick with ANZ. fullly recommended to use this card.
however,if you are looking for lower rate and lower annual fees. this is not the best one. u definitely can able to find another to replace it.
it's easy to manage the account especially can do it online.
annual fees and interest rate is not the lower one.
able to find a better deal from HSBC.

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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