Our verdict

No longer offered

The ANZ Low Rate – Balance Transfer Exclusive Offer is no longer available for new applications. We’ve kept this information online for existing customers and for those who are interested. You can also compare a range of current balance transfer credit cards on Finder.

Pros

0% p.a. interest on balance transfers for 28 months
$0 annual fee for the first year ($58 p.a. thereafter)
Ongoing low purchase interest rate of 13.74% p.a.

Cons

Balance transfer reverts to the high standard interest rate of 21.99% p.a. at the end of the introductory period

From 2 May 2025, the ANZ Low Rate Credit Card's overseas transaction fee will increase from 3% to 3.5%.

The ANZ Low Rate Credit Card offers a mix of low-cost features, including a 13.74% p.a. interest rate for purchases. This exclusive offer can help you to save money with a $0 annual fee for the first year and a long balance transfer term.

Details

Product details

Product Name	ANZ Low Rate - Balance Transfer Exclusive Offer - DISCONTINUED
Balance transfer rate p.a.	0% for 28 months with 2% balance transfer fee, then 21.99%
Balance transfer limit	95% of available limit
Purchase rate p.a.	Purchase rate p.a.13.74%
Interest-free days	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

Fees

Annual fee	$0 first year ($58 after)
Minimum monthly repayment	2% of the closing balance or $25, whichever is greater
Late payment fee	$20
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 via Finder in around 20 minutes and receive a response within 60 seconds. Before you apply, make sure you meet the following eligibility requirements and have the necessary information to complete the application.

Eligibility criteria

Limited time offer. To take advantage of the introductory offers, you must apply through Finder. This limited time offer is only available to new cardholders which will expire by and may be varied or withdrawn at any time without notice. This offer is not available through any other channel or in conjunction with any other offer, package or promotion, or when transferring from an existing ANZ credit card. You can see the full terms and conditions on ANZ's webpage.
Residency requirement. Citizens and permanent residents of Australia are eligible to apply. If you are a non-Australian permanent resident, you must have at least 12 months remaining on an eligible working or business visa.

Eligible balance transfer debt. You can transfer from $100 up to 95% of your available credit limit from credit and store card accounts not issued by ANZ.
Credit history. You must have a good credit score and history. You can get your credit score and comprehensive credit report for free through Finder.
Age. You must be at least 18 years of age.

Required documents

Personal information. This includes your full name, date of birth, contact information, marital status and number of dependents.
Proof of identification. You'll be asked to provide your Australian driver's licence number (if you have one).
Finances. Details of your income, expenses, assets and liabilities.
Employment. Your employer's address and if you are self-employed, you will need your accountant's name and contact number.
Balance transfer information. If you plan to transfer a balance, you will need to provide information about the cards / accounts from which you are transferring.

Card benefits

0% p.a. balance transfer offer. Apply through Finder for the ANZ Low Rate credit card and include your balance transfer in your request as part of the application to get a 0% p.a. interest rate on the balance transfer for 28 months with a 2% balance transfer fee. Any unpaid balance at the end of the introductory period will revert to the standard balance transfer rate, currently 21.99% p.a. This limited time offer is only available to new cardholders and will expire by and may be varied or withdrawn at any time without notice. Note that the 28-month promotional period starts on the Letter of Offer date (when you get notified your application is approved). It may take another 3-15 business days after this date before your balance transfer is processed.
First-year annual fee waiver offer. Save with a $0 annual fee in the first year, which goes to $58 p.a. after that. This limited time offer is only available when you apply through Finder by and may be varied or withdrawn at any time without notice.

Low purchase interest rate. A variable rate of 13.74% p.a. on purchases means that you can save money each month compared to cards with higher purchase rates.
Mobile payment technology. You can link your card to Apple Pay, Google Pay and Samsung Pay to use your eligible device to tap and pay.
Visa Offers + Perks. With complimentary membership to Visa Offers + Perks, you can access exclusive offers on dining, entertainment, travel and more.
Security. ANZ Falcon offers 24/7 transaction monitoring. If your card is lost or stolen, you can request an emergency credit card replacement worldwide.

Rates & fees

Annual fee. Outside of any promotions, this credit card charges a competitive annual fee of $58.
Up to 55 days interest-free. Receive up to 55 days interest-free on purchases when you pay your closing balance in full by the due date on each statement. Note that this will be shown as the Adjusted Closing Balance if you have promotional balances from relevant balance transfer credit card plans, instalment plans and buy now pay later plans. The Adjusted Closing Balance is calculated as your closing balance less the sum of any relevant promotional plans.

Cash advances. If you use your card to make a cash advance (such as an ATM withdrawal), you'll be charged a 21.99% p.a. interest rate. You'll also be charged 3% of the transaction amount or $3 (whichever is greater) in Australia or 3% of the transaction amount or $4 (whichever is greater) for overseas transactions.
Additional cardholders. You can request up to 3 additional cardholders at no extra cost.

Sources

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Richard Finder

Money Editor

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Johnny

April 12, 2025

Can I transfer an unsecured personal loan from another Australian bank to this credit card and still retain the 0% balance transfer benefit?

Richard Whitten Finder

April 13, 2025

Hi Johnny,

Reading the fine print in the terms and conditions it specifies balance transfers are for “Australian non-ANZ credit and store cards only”. So personal loan debts aren’t accepted.

Credit cards listed here may let you transfer personal loan debt to a credit card.

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April 08, 2025

I got the ANZ 0% interest for 25 months Promotion credit card 2 years ago. The promotional period ended on 22 March 2025. The next statement (for the period of 10 March- 10 April) is due on 4th of May. I have not made any new purchases – only the balance from a few months back remains on the account. If I pay before the statement is issued, would it incur any interest charges on the balance as it is past the 0% interest period? Or can this be paid off fully without incurring the interest charges?

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Richard Whitten Finder

April 08, 2025

Hi YN,

Once you’ve passed the 0% promotional offer on the balance transfer any unpaid balance is charged interest at a rate of 21.99%. This is quite a high rate. If you haven’t paid the balance off in full during the promotional period you should look at how much is left and try to pay it off soon.

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Richard Whitten is Finder’s Money Editor, with over seven years of experience in home loans, property and personal finance. His insights appear in top media outlets like Yahoo Finance, Money Magazine, and the Herald Sun, and he frequently offers expert commentary on television and radio, helping Australians navigate mortgages and property ownership. Richard holds multiple industry certifications, including a Certificate IV in Mortgage Broking (RG 206) and Tier 1 and Tier 2 certifications (RG 146), as well as a Graduate Certificate in Communications from Deakin University. See full profile

ANZ Low Rate – Balance Transfer Exclusive Offer

Pros

Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

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