ANZ Balance Visa Card – Details and Application
Posted April 4th, 2008
and last modified December 22nd, 2009
The ANZ Balance Visa Credit Card - Earn Reward points every time you make a repayment. It’s Australia’s only credit card to reward you for reducing your balance.
- 0% Balance Transfer for 6 months. Pay 0% Interest for 6 months when you transfer your other credit card balances over to your ANZ Balance Visa.
- $79 Annual Account Fee + $22 Rewards Program Fee (per card)
- 13.49% on purchases and 20.74% p.a. on cash advances
- Up to 55 days interest free on purchases
- 1 Reward Point for every $1 you repay to your balance
- Choose how often and what you would like to be rewarded – Cashback, Shopping Vouchers or Gift Cards every 3, 6 or 12 months.
Application Details * This application will take you 10-15 minutes to complete * A response will be sent to you within 60 seconds
You will need: * Your Australian Driver’s licence (if applicable). * Your employer’s address and contact number (as listed in the White Pages). * Your accountant’s name and contact number (if self employed). * Details of your income, assets and liabilities. A credit limit will be offered based on the information you provide within the credit card section of this application.
Eligibility criteria To be eligible for an ANZ credit card you must: * Be over 18 years of age. * Have a good credit rating. * Be a permanent Australian resident, earning a minimum annual income of $15,000. If you require a Gold Card or you are a non-permanent Australian Resident you must earn a minimum of $50,000.
More ANZ Balance Features
1 Reward Point for every $1 you repay to your balance
ANZ Balance Visa rewards you for every dollar you repay on your balances1. That includes repayments on the outstanding balances you transfer from non-ANZ credit cards, your regular credit card spending, and interest and fees on your ANZ Balance Visa. You even earn Reward Points for repayments on cash advances and cash equivalent transactions, such as traveller’s cheques.
No Reward Points capping
Unlike other credit cards, there is no limit to the number of Reward Points you can earn with ANZ Balance Visa. The more you repay, the more Reward Points you earn. It’s that simple.
No Reward Points expiry
Your Reward Points will not expire as long as you have your card account. You can redeem them as they accumulate, or you can save them up for as long as you like to give yourself a special treat.
Up to 55 days interest free on purchases
Every time you make a purchase with ANZ Balance Visa, you could enjoy up to 55 days interest free on your purchases (excluding cash equivalent transactions and balance transfers).
Earn more Reward Points by transferring your balances
If you have credit or store cards with other financial institutions, transfer your balances to your ANZ Balance Visa and you can earn Reward Points on your repayments.
Frequently Asked Questions
Q. Is this application secure? A. All pages within ANZ online application forms are encrypted with 128-bit SSL encryption. See the ANZ Website Privacy and Security Statement for further information. Within the ANZ online application forms, a default of 15 minutes has been set for which your session can remain unattended. After this time, the system automatically ends your session and any data you have entered will be lost. In addition, you are responsible for your own computer’s anti-virus and security measures to help prevent unauthorised access to your personal or financial information.
Q. How long will the application take to complete? A. The application will take approximately 20 minutes to complete.
Q. What documents do I require? A. To complete the application you will require details of your income, assets and liabilities. Other information you may need, includes: * Your employer’s address and contact number (as listed in the White Pages). * If self-employed, your accountant’s name and contact number. * Driver’s Licence (if applicable).
Q. What happens when I submit my application? A. Once you have completed and submitted your application, you will receive a response within 60 seconds indicating the application outcome. An email will also be sent to you informing you of the outcome.
Q. Can I apply for an additional card? A. Yes. You may choose to allow family and friends to access your credit card account by issuing additional cards. With one account you can operate multiple credit cards with just one bill to manage each month. For some card types, fees apply per additional cardholder. Refer to the www.anz.com Credit Card pages for further details. As principal account holder you are responsible for all transactions made on your account. The additional cardholder has access to the same credit limit as the principal account holder. The principal account holder can cancel any additional cards or remove any additional cardholders if they wish.
Terms and Conditions
Fees and charges apply. Interest rates are current as of 22nd April 2009 and subject to change. 1 As verified by CANNEX. Conclusion based on research of points based rewards programs available in Australia. 0% p.a. interest for the first 6 months applies only to balance transfers requested at the time of application. Not available when you transfer and close an existing ANZ credit card.
Balance transfer rate reverts to the standard variable rate applicable to purchases on your card 6 months after the date of card approval and any balances that remain unpaid at the end of this period will become subject to the standard variable rate applicable to purchases. Terms and conditions apply to balance transfers.
A 1% fee applies to balance transfers excluding balance transfers requested at time of credit card application. Reward Points accrue in accordance with the ANZ Balance Visa Rewards Program terms and conditions. Reward Points are not earned on Cashback transactions to your account.
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Editor's Choice: Our Top Credit Cards
| Credit Card | Card Details | Interest Rate (p.a.) | Cash Advance Rate (p.a.) | Balance Transfer Rate (p.a.) | Annual fee | Interest free days (up to) | |
|---|---|---|---|---|---|---|---|
 Bankwest Lite MasterCard |
 Editor's Choice:Cheapest Credit Card The lowest stress mastercard, with Australia's lowest MasterCard purchase rate of just 9.99% p.a. |
9.99% | 20.99% | 1.99% for 12 months | $59 | 55 |   |
 St George Vertigo |
 Editor's Choice:Best Bank Low 2.99% for 6 months (reverts to 11.74%) p.a. interest rate and balance transfer rate, from one of Australia's most respected banks. |
2.99% for 6 months (reverts to 11.74%) | 20.49% | 2.99% for 6 months | $55 | 55 | |
 Citi Clear Platinum Visa |
Editor's Choice: Low Interest An excellent low interest credit card offer with 11.49%interest on purchases and 0.99% for 6 months on balance transfers . |
11.49% | 20.99% | 0.99% for 6 months | $42 | 55 | |
 ANZ Low Rate MasterCard |
Editor's Choice: Balance Transfer A very popular card choice with a low rate, annual fee and attractive 0% for 6 monthsbalance transfer offer. |
12.49% | 20.74% | 0% for 6 months | $58 | 55 | |
 Bankwest Zero Platinum MasterCard |
Editor's Choice: No Annual Fee Excellent introductory offer with a $0 annual fee for the life of the credit card and a 1.99% p.a. for 12 months on balance transfers |
15.99% | 15.99% | 1.99% for 12 months | $0 | 55 | |
August 16th, 2008 at 3:35 am
What is the cash back conversion rate? I.e. how many points do I need for $1 cashback?
April 1st, 2009 at 12:26 pm
The real cashback rate is variable depending on how much you cash back at a time, but the best cashback deal is 22500 points = $100 – so a real cashback rate of 0.4%. This is not nearly as good as some others.
December 3rd, 2009 at 3:09 pm
[...] there is a balance transfer fee to be paid, this is lower than in the UK. For example, the ANZ Balance Visa credit card is currently offering 0% for six months on balance transfers, but there is a fee of 1% of the [...]