Credit Card Compare

ANZ Low Rate vs NAB Low Rate Credit Card

Compare ANZ Low Rate, NAB Low Rate Credit Card side by side: annual fees, interest rates, rewards and eligibility to find the right card for you.

You may have seen us in
The Sydney Morning HeraldNews.com.auYahoo! FinanceDaily Mail Australia
Side-by-side comparison of ANZ Low Rate vs NAB Low Rate Credit Card.
ANZ Low Rate card
ANZ Low Rate
NAB Low Rate Credit Card card
NAB Low Rate Credit Card

Card details

Overall
65Good
Highest
60Good
55 days interest-free57/100Highest55/100
Balance transfer69/100Highest63/100
First timer73/100Highest70/100
Low rate63/100Highest56/100
No annual fee62/100Highest58/100

The basics

Card tierStandardStandard
Card typeVisaVisa
Credit ratingGoodGood
Rewards programNoneNone
Credit limit$1,000 – $100,000$1,000 – $30,000

Eligibility

Minimum age18 years old18 years old
Minimum incomeNot specifiedNot specified
ResidencyAustralian citizen or permanent residentAustralian citizen or permanent resident
Joint applicationNoNo
Temporary residentsEligibleEligible
Instant approvalYes (~60 seconds)Yes (~60 seconds)

Repayments

Interest-free periodUp to 55 daysUp to 55 days
Minimum repayment2% of the closing balance or $25, whichever is greater2% of the closing balance or $25, whichever is greater

How much could you save?

Enter your balance and current rate to see your estimated saving for each card below.

$
% p.a.

Balance transfers

Promotional rate0% p.a.Lowest4.99% p.a.
Period26 monthsHighest24 months
Transfer fee3%0%Lowest
LimitUp to your available credit limitUp to your available credit limit
Revert rate21.99% p.a.21.74% p.a.
Can't transfer fromANZColes, Kogan Money, MyCard, NAB, Qantas Money
Estimated saving$2,017over 26 mthsHighest$1,501over 24 mths

Rates & fees

Ongoing interest rates

Purchases13.74% p.a.13.49% p.a.Lowest
Cash advances21.99% p.a.21.74% p.a.Lowest

Fees

Annual feeNo annual feeNo annual fee
Monthly fee
Additional cardholder fee$0$0
Cash advance fee3% of the amount3.5% of the amount
Foreign transaction fee3.5%3.5%
Late payment fee$20$20

Related comparisons

Sources

Credit Card Compare
How CardIQ scores cards
Issuers
ANZNAB