The ANZ Low Rate Credit Card is suited to people who want a simple, low cost account. Both its 13.74% p.a. interest rate for purchases and its $58 annual fee are competitive among other low rate credit cards. Right now, it also offers value with $250 back to your new card when you spend $1,500 on eligible purchases in the first 3 months from approval. While its low rate applies for purchases, keep in mind that balance transfers and cash advances are charged a higher 21.99% p.a. interest rate.
ANZ Low Rate Credit Card – Credit Back Offer
Terms and conditions apply
- Balance transfer rate with no balance transfer fee
- 21.99% p.a.
- Purchase rate
- 13.74% p.a.
- Annual fee
- $58 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
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’s 13.74% p.a. purchase interest rate is on par with other low rate cards, and much lower than the average standard credit card interest rate in Australia. The $250 back on your account as a new cardholder also adds value, with a relatively low spend requirement of $1,500 in the first 3 months.
Pros
-
$250 credit back on your new card
-
Ongoing low purchase interest rate of 13.74% p.a.
-
Low spend requirement of $1,500 in the first 3 months to get the back
Cons
-
Does not offer any form of purchase or travel insurance
Details
Product details
| 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 |
Fees
| 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 |
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Amy Finder
Editor
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Angus Kidman Finder
December 11, 2024
Hi Matt, Yes, travel bookings are considered eligible purchases – provided they’re actually paid for at the time of booking. If you booked a hotel room in advance but only paid on check-in, it wouldn’t count until that check-in payments was processed.
ND
September 21, 2024
What are eligible purchase ? Can I spend in office work , jBHIFI
Angus Kidman Finder
September 22, 2024
Hi, Yes, purchases made at JB Hi-Fi or Officeworks using this card would count as “eligible purchases” for the cashback offer.
dale burrows
May 17, 2024
where can the repayments be made
Sarah Megginson Finder
May 30, 2024
Hi Dale,
Repayments can be made online, in person at a branch or via phone banking.
Jesslyn
August 02, 2023
If i have opened this credit card with the promotion in the past and closed it, will i be able to open it again and get the same promotion?
Thank you
Amy Bradney-George Finder
August 07, 2023
Hi Jesslyn,
The terms and conditions for this offer state that is only for new credit card applicants and is limited to one offer per applicant, so if you have applied for this particular offer before you would not be eligible. But if you’ve closed the account, you could call ANZ on 13 22 73 to check whether you would be considered a new or existing applicant. Alternatively, you can compare other credit card cashback offers on Finder to decide if there’s another one that’s suitable for you. I hope this helps.
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matt
December 11, 2024
Would webjet/booking.com type purchases count towards eligible purchases?