ANZ Low Rate Credit Card: See everything you need to know

05/11/2025 • Felipe Moraes • Market Analysis

Navigating the complex world of credit cards can often feel overwhelming, with countless choices, terms, and conditions to consider.

An ideal choice for those who wish to keep things simple and cost-effective is the ANZ Low Rate Credit Card.

In this post, we’ll dig deep into what the ANZ Low Rate Credit Card has to offer, from benefits and offers to potential pitfalls and how to make the most of it.

Low purchase interest rate at 13.74% p.a.
0% balance transfer for a promotional offer period.
Statement credit bonus for new customers.
No annual fee for the first year when certain conditions are met.
Interest-free days on purchases.
Compatibility with major digital wallets like Apple Pay, Google Pay, and Samsung Pay.

With these features and more, the ANZ Low Rate Credit Card situates itself as a considerable contender in the simple, low-cost credit card space.

It’s particularly suited for those looking to minimize interest charges on outstanding balances.

Benefits of ANZ Low Rate Credit Card

Opting for the ANZ Low Rate Credit Card comes with a variety of benefits that cater to individuals seeking to lower their interest expenses and manage credit efficiently.

Low Purchase Interest Rate

Enjoy a lower rate of 13.74% p.a. on purchases, making it easier to manage and pay off outstanding credit.

Promotional Balance Transfer

Take advantage of a 0% p.a. interest rate for up to 28 months on balance transfers, with an added bonus of the first year’s annual fee waived if this offer is selected.

$250 Statement Credit

New cardholders stand to receive a $250 credit back upon spending $1,500 within the first three months, offering a strong incentive to manage credit effectively.

Interest-Free Days

Benefit from up to 55 interest-free days on purchases when the statement balance is paid in full each month.

No Annual Fee for Additional Cardholders

Include up to three additional cardholders with no extra annual fee, making it convenient for household financial management.

Who Should Consider the ANZ Low Rate Credit Card?

This card is tailored for various potentially interested demographics. It offers unique advantages for those seeking cost-effective credit management and practical benefits.

Individuals looking to reduce interest charges on current credit card balances.
People who might want a credit card option that accepts applicants with less than perfect credit histories.
Cardholders who prefer straightforward financial products over complicated reward systems.
Those wanting flexibility with balance transfers or initial spending bonuses.
Consumers seeking a card that integrates seamlessly with digital wallets for easy spending.

Whether you’re focused on cutting down credit costs, or simply need an uncomplicated credit solution, ANZ Low Rate Credit Card offers valuable features to help manage your finances effectively.

Weighing the Pros and Cons of ANZ Low Rate Credit Card

Understanding the strengths and weaknesses of the ANZ Low Rate Credit Card can help you determine if it aligns with your financial needs.

Pros

Low Purchase Interest Rate
At 13.74% p.a., this card offers a more manageable way to handle ongoing credit balances.
Attractive Introductory Offers
Choose between a balance transfer with no interest for up to 28 months or receive a $250 credit by meeting the spending requirement.
Digital Compatibility
Seamlessly use your credit card with Apple Pay, Google Pay, and Samsung Pay.

Pros

Lack of Rewards
The card does not offer any reward points or frequent flyer benefits, potentially dissuading those looking for perk-heavy credit options.
International Fees
A 3.5% international transaction fee applies, which can add up for frequent travelers.

Why We Recommend the ANZ Low Rate Credit Card

After a thorough analysis, we believe that the ANZ Low Rate Credit Card can be a solid choice for many looking to simplify their financial obligations and reduce unnecessary costs.

Competitive interest rate on purchases aids in managing less expensive ongoing credit use.
The card’s acceptance of applicants with varied credit backgrounds is a reassuring feature.
Balance transfer options and straightforward nature make it user-friendly.
Affiliations with leading financial technologies and major digital payment systems enhance usability.
It's a strong contender for those looking to restructure debt and enjoy initial bonuses.

Applying for the ANZ Low Rate Credit Card

Applying for this card is straightforward.

Prospective cardholders can apply online via ANZs official website or speak with a customer service representative for more information.

Access to the card website

Visit the ANZ website for direct application.
Call ANZ customer service at 13 13 14 for queries.
Locate the nearest ANZ branch for in-person assistance.

Frequently Asked Questions About ANZ Low Rate Credit Card

What is the regular annual fee?

It is $58 per year, waived for the first year if you opt for the balance transfer offer.

Can I apply if I have poor credit?

Yes, the ANZ Low Rate Credit Card considers applications from various credit backgrounds.

How many additional cardholders are allowed?

You can have up to three additional cardholders at no extra cost.

Final Thoughts

The ANZ Low Rate Credit Card emerges as a competent tool for effectively managing interest while offering some flexibility for new cardholders.

Whether you have less than perfect credit, are looking for competitive rates, or require a card compatible with leading digital payment systems, this card holds promise.

At Coincyptoo, we understand that managing finances requires choices that align with your personal goals and needs—this card might just be the right step towards financial fluidity.