Offers $250 back for new cardholders, with a low variable interest rate of 13.74% p.a. for purchases.
The ANZ Low Rate Credit Card offers a competitive 13.74% p.a. purchase interest rate, which is in line with other low-rate cards and significantly lower than the average standard credit card interest rate in Australia. As a new cardholder, you can also enjoy $250 back on your account by meeting the relatively low spending requirement of $1,500 within the first 3 months, adding even more value.
Pros | Cons |
|---|---|
$250 credit back on your new card | Does not offer any form of purchase or travel insurance |
Ongoing low purchase interest rate of 13.74% p.a. | |
Low spend requirement of $1,500 in the first 3 months to get the $250 back |
The ANZ Low Rate Credit Card is ideal for those seeking a straightforward, low-cost option. With a 13.74% p.a. interest rate on purchases and a $58 annual fee, it competes well with other low-rate credit cards. Currently, new cardholders can also benefit from $250 back when they spend $1,500 on eligible purchases within the first 3 months of approval. While the low rate applies to purchases, be aware that balance transfers and cash advances come with a higher 21.99% p.a. interest rate.
Details of ANZ Low Rate Credit Card
Product Name | ANZ Low Rate - Credit Back Offer |
Balance transfer rate p.a. | 21.99% |
Balance transfer limit | 95% of available limit |
Purchase rate p.a. | Purchase rate p.a. 13.74% |
Interest-free period | Up to 55 days on purchases |
Cash advance rate p.a. | 21.99% |
Min credit limit | $1,000 |
Card type | Visa |
Eligibility
Available to temporary residents | Yes - Conditions apply |
Joint application | No |
Rewards
Bonus points | N/A |
Fee
Annual fee | Annual fee $58 |
Minimum monthly repayment | 2% of the closing balance or $25, whichever is greater |
Late payment fee | $20 |
Foreign currency conversion fee | Foreign currency conversion fee 3% |
Cash advance fee | 3% or $3, whichever is greater |
Overseas cash advance fee | 3% of the transaction amount or $4 (whichever is greater) |
Overseas ATM withdrawal fee | $5 |
Additional cardholder fee | $0 |
Number of additional cardholders | 3 |
How to Apply
You can apply for the ANZ Low Rate Credit Card online in about 20 minutes and expect a response within 60 seconds. Before applying, ensure you meet the eligibility criteria and have all the required information on hand to complete the application process.
Eligibility Criteria
Residency Requirement: Australian citizens, permanent residents, and New Zealand citizens are eligible to apply. Non-Australian permanent residents must have at least 12 months remaining on an eligible working or business visa.
New Cardholder: To qualify for the credit back promotion, you must be a new customer and choose the credit back offer when applying.
Credit History: A good credit score and clean credit history are required.
Age: Applicants must be at least 18 years old.
This straightforward application process is designed to accommodate Australians searching for an effective credit card solution that manages existing debt efficiently while offering new purchasing power.
Comments