ANZ Low Rate
Do you manage ANZ card listings? Claim on Partner Central
CardIQ
Good
Overall score, out of 100 · How this works
- 55 days interest-free57
- Balance transfer69
- First timer73
- Low rate63
- No annual fee62
Customer reviews
Based on 96 reviews. We show 20 of them.
What praise there was went to fees; the interest rate less so.
Low interest and balance transfer a breeze
The ANZ Low rate MasterCard is awesome. The low rate of 13.99% is great and is quite often lower than interest rates on personal loans, which we also considered, but going with the ANZ Low Rate MasterCard was less hassle and a breeze to transfer the balance from our old credit…
Fuss-free application process, low interest
The whole procedure with an online application was efficient from start to finish — fuss-free and convenient for someone with a busy schedule. I didn’t need to provide documents or talk to anyone for follow-ups.I’m happy with the low interest rate. It’s easy to track my credit…
Not cheap but convenient and good service.
I’ve had this card for years and I’m generally happy with the rates and service provided. I use it mostly for travel expenses and online shopping. It’s linked to my personal loan and savings account and I can conveniently use all three via internet banking or the mobile app. I…
Low rate card linked to our bank account
My partner and I have a joint account with ANZ and they conveniently offered us a low rate credit card, which we use more than any of our other credit cards because it’s low rate and also linked to our everyday account. So it’s easy to transfer money to it. My partner is a…
Got it for a holiday, kept on using it
I got this card as I was going on holidays and wanted a backup money supply. I used it when I was away but I have continued to use it since being back.ANZ are most helpful and I never feel overwhelmed with it — it has helped me a lot.
Competitive rates, exceptional service
I needed a card when I went overseas, in case of emergencies. ANZ helped me pick the best card to suit my financial situation and needs. I did end up maxing it out and was at one point struggling to pay it off, but ANZ have been great with late payments, helping me budget and…
Helped me when I was struggling financially
I had this card at a time when I was struggling to pay off a few debts and manage my finances. I enjoyed the ease with which I was able to check my status and balance, and update my details. Going with a first-class financial institution like ANZ gave me a great level of…
Not much bang for your buck
ANZ Low Rate MasterCard has no reward points and is a very basic card. It’s OK for just a small back-up card.I would give it a three out of ten.ANZ needs much better customer service on the Gold Coast. I’ve had to wait for 15 up to 30 mins to get served. Most people walk out as…
Charges and harassment for late payment
ANZ are the WORST for personal banking, but I hear better for business banking. If you pay money off your credit card but don’t on top of that pay your monthly instalment on the day it’s due — not before or after, but on the day — you get charged. Also, if you pay a few days…
Lower interest rate than ANZ Visa
It has lower rates for purchases than an ANZ Visa card, which I like, so monthly interest is less.This card is convenient to use, as much as a Visa card, and my trust is high. I get great customer service when I call ANZ. There aren’t as many rewards, but I am not concerned…
Pros & cons
What's good
- 26 months at 0% p.a. on balance transfers, longer than the 12-month median (3% transfer fee, reverts to 21.99% p.a.).
- The 13.74% p.a. purchase rate is below the 18.99% p.a. market median.
- No annual fee.
- No fee to add an additional cardholder.
Worth noting
- The annual fee increases from $0 to $58 in the second year.
- 3.5% foreign transaction fee on overseas spending, at the high end of the market.
- Earns no rewards points on spending.
Card details
The basics
- Additional cardholder fee
- $0 p.a.
- Card tier
- Standard
- Card type
- Visa
- Card use
- Personal
- Credit limit
- $1,000 – $100,000
- Credit rating
- Good
- Rewards program
- None
Eligibility
- Instant approval
- Yes (response in ~60 seconds)
- Joint application
- No
- Minimum age
- 18 years old
- Minimum income
- Not specified
- Residency
- Australian citizen or permanent resident
- Temporary residents
- Eligible
Rates & fees
Ongoing interest rates
- Cash advances
- 21.99% p.a.
- Purchases
- 13.74% p.a.
Fees
- Additional cardholder fee
- $0
- Annual fee
- No annual fee
- Annual fee (year 2+)
- $58 p.a.
- Cash advance fee
- 3% of the amount
- Foreign transaction fee
- 3.5%
- Late payment fee
- $20
Repayments
- Interest-free period
- Up to 55 days on purchases
- Minimum repayment
- 2% of the closing balance or $25, whichever is greater
Balance transfers
- Can't transfer from
- ANZ
- Limit
- Up to your available credit limit
- Period
- 26 months
- Promotional rate
- 0% p.a.
- Revert rate
- 21.99% p.a.
- Transfer fee
- 3%
While you carry a transferred balance you may not receive interest-free days on new purchases.
Introductory purchase offer
This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.
Rewards
This card doesn't earn rewards points. It focuses on a low cost of ownership instead. If earning points matters to you, compare frequent flyer cards and rewards cards.
Where this card sits vs similar cards
Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.
Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.
Compare side by side
- American Express Low Rate Credit CardvsANZ Low Rate
- ANZ Low RatevsCommBank Low Fee Credit Card
- ANZ Low RatevsNAB Low Rate Credit Card
- ANZ Low RatevsQantas Money Platinum
- ANZ Low RatevsWestpac Low Fee Card
- ANZ Low RatevsWestpac Low Rate Card
- ANZ Low RatevsAmerican Express Platinum Edge Credit Card
- ANZ Low RatevsANZ Low Rate - Credit Back Offer
- ANZ Low RatevsANZ Platinum Credit Card
- ANZ Low RatevsAustralian Military Bank Low Rate Visa Credit Card
- ANZ Low RatevsAustralian Mutual Bank Credit Card
- ANZ Low RatevsBank Australia Low Rate Visa Credit Card
- ANZ Low RatevsBank Australia Visa Credit Card
- ANZ Low RatevsBank First Visa Classic Credit Card
- ANZ Low RatevsBank First Visa Platinum Credit Card
- ANZ Low RatevsBank of Melbourne Vertigo Card
- ANZ Low RatevsBank of Melbourne Vertigo Card - Cashback Offer
- ANZ Low RatevsBank of us Visa Credit Card
Browse by card type
Compare the ANZ Low Rate against every other card in its category.
Questions and answers
No questions yet. Ask the first one about ANZ Low Rate.
Sources
- Credit Card Compare
- Australian credit card statisticsHow CardIQ scores cards
- Issuer
- ANZ