ANZ offers a large range of credit cards designed to suit your needs. Browse from low annual fee, low interest rates, frequent flyer and rewards cards.
Below is a list of credit cards from the Australian New Zealand bank. You can apply online for ANZ credit cards by browsing through the links below and clicking apply on the card of your choice. Most ANZ credit cards come with an online debit facility, rewards program and online access to your statements.
ANZ Credit Card Offer
The ANZ Low Rate offers a competitive long term balance transfer offer with a low ongoing purchase rate.
- $58 p.a. annual fee
- 13.49% p.a. on purchases
- 0% p.a. for 16 months on balance transfers
- Cash Advance Rate of 21.74% p.a.
- Up to 55 days interest free
- Minimum Income Requirement of $15,000 p.a.
Rates last updated September 19th, 2014
ANZ Debit Card and Saving Accounts
Rates last updated September 19th, 2014
Types of ANZ Credit Cards
The wide range of ANZ credit cards available means that customers can have flexibility. It also means it’s much easier to find the right credit card to suit your specific financial needs, whether personal or business.
Not everyone’s financial situation is the same, so it’s important to do a little research to figure out which credit card will be right for you. ANZ also offers a credit card that gives you rewards points for making payments to your card.
Here’s a quick overview of some of the credit card options available and which types of customers they may suit.
Low interest rate credit cards
Low interest credit cards are those that charge a relatively low purchase rate. If you’re the type of customer who is likely to carry a balance over on occasion, you’ll want to know you’re paying the lowest interest rate possible to help keep your credit card interest costs down.
Balance transfer credit cards
Balance transfer credit cards are usually offered at a competitive rate for an introductory term. Instead of paying high interest rates on a non ANZ credit or store card, you simply roll that debt amount over to a balance transfer card to reduce the amount of interest you pay each month. This can be a great way to cut your interest costs and begin paying off your non ANZ credit or store card debt more quickly.
These types of offers generally only extend for 6 or 12 months before reverting to the normal purchase interest rate, but the opportunity still exists to reduce your interest costs during that term.
No annual fee or low annual fee card
Customers who only use a credit card rarely or only in emergencies can benefit from searching for credit cards that have no annual fee, or a low annual fee. This keeps the costs of accessing credit as low as possible throughout the year.
Rewards credit cards
Customers who tend to use their credit card to pay for most of the purchases they make can really benefit from rewards credit cards. Be sure to check which types of rewards will be more suited to your personal needs before you apply, though.
Cash back and shopping vouchers
There are some credit cards that allow you to accumulate points every time you spend that can be redeemed for items you want. Some customers might find that earning rewards points for shopping suits them perfectly, as they can redeem their points for merchandise, cash back or shopping vouchers at a wide range of retail outlets.
Overseas travel and medical insurance
If you’re the type of customer who frequently travels, you might prefer a credit card that offers complimentary international travel insurance and medical insurance. In most cases, credit cards offering these things will also come with various other complimentary insurance policies attached, which can include accident insurance, purchase protection insurance, extended warranties and more.
Business credit cards
A credit card specifically for business purposes is the ideal way to keep track of business spending. This is an ideal way to separate business from personal spending. Your transactions are all clearly visible on your statement each month, so this can make book-keeping and reporting much simpler. This can also streamline a business’s GST reporting.
Doing a balance transfer to a ANZ credit card
If you’re wondering whether a balance transfer credit card might be a good idea for you, there are some things you should consider. Some ANZ credit cards do offer very competitive balance transfer interest rates, which can help reduce the amount of interest you pay on your outstanding debt significantly.
However, it’s important you take some time using a good balance transfer calculator to determine how much you could save and how it could impact your finances. Double check how much money you’ll potentially save by doing a balance transfer and compare the amount you would have spent if you stayed your non ANZ credit or store card.
If the result you see is positive, then may want to go ahead and roll your non ANZ credit or store credit card balances over to an ANZ balance transfer credit card. Here’s how it works.
Take a bit of time to check that you’re applying for the right credit card type. Different ANZ credit cards will have very different interest rates and balance transfer terms. If you choose the wrong account type, you might end up paying far more interest than you expected. Always be sure you’re applying for the one that suits you first.
There are plenty of very good balance transfer calculators available, and the rates charged on the various ANZ credit cards are also very easy to find.
When you apply for your new ANZ balance transfer credit card, you should see a section specifically for balance transfers. In this section you will need to enter your current bank’s details, your account details and the balance amount you want to transfer over.
If you can complete the balance transfer section when you’re filling in your application, you should find you won’t be charged a fee for the transfer of your old credit card balance. However, if you wait until after your new ANZ credit card has been activated to initiate the balance transfer, you could incur a fee of 1% of the balance transfer amount. For this reason, it pays to have the information about your old accounts near at hand when you’re completing the application.
You also aren’t required to transfer over the entire balance of your old credit card or store card. You can elect to only transfer a nominated amount.
Balance transfers explained
For example, if you know you’ll benefit by paying a very low interest rate for only six months, you might prefer to only transfer over the amount of money you know you can reasonably repay in that amount of time. This means the remaining amount you owe on your old credit card will still need to be repaid the same as always.
Keep in mind that the minimum balance transfer allowed with ANZ is $100. The amounts you’re transferring over also need to be outstanding amounts you have with other Australian banks, credit unions, financial institutions or store cards.
ANZ will calculate the amount that can be transferred over to your new card as being a maximum of 95% of the approved credit limit. So if you apply for a credit card with a limit of $5,000, then you can only transfer balances that are up to 95% of this limit, which is $4,750.
Once your account is activated, your balance transfer request will be processed right away. A balance transfer can take up to 48 hours to process once the card is activated, and once the balance is present in your account, you will be charged the introductory interest rate.
Always remember that you still must make regular monthly payments before the due date. If your account falls into arrears, or if you’re late on a payment, you could find the really low rate you thought you were getting could be cancelled.
You might also notice that the new minimum monthly repayment on your credit card bill is much lower than it was with your old credit card. Don’t think you can simply reduce the amount you pay each month and still get the benefits you want.
If you can, try to continue making the same repayments you were paying every month on your old credit card. This will allow you to reduce your outstanding balance far more quickly, because the rate charged is quite competitive. That means more of your payment is going directly towards reducing your credit card debt every month.
Remember that if you haven’t repaid the entire balance by the time the special introductory offer expires, the interest rate on your account will immediately revert to the higher purchase interest rate. So if you still have some balance left, this will be attracting that higher rate.
You’ll may see a bigger benefit by paying off as much of your debt as you possibly can while that rate is still very low.
About ANZ Bank
The ANZ Bank is Australia’s third largest bank, and is well known for being one of Australia’s ‘Big Four’ banks, along with Commonwealth Bank, Westpac Bank and National Australia Bank (NAB). The ANZ Bank is also New Zealand’s largest bank, but the bank also maintains an active presence in 25 other nations around Asia and the South Pacific.
This high visibility and continued presence not only means it’s clearly one of Australia’s most prominent banks, but it also helped to give it a ranking for being one of the top 50 banks anywhere in the world.
The bank that most Australians recognise as being the ANZ Bank today actually began as the Bank of Australasia back in 1835, when it received its Royal Charter. The bank opened in Sydney that same year, with a branch of the bank opening in Melbourne by 1838.
However, in 1837 the Union Bank of Australia opened its doors and both banks operated successfully in Australia for more than 100 years.
By 1951, the Union Bank of Australia merged with the Bank of Australasia to become the ANZ Bank.
In 1970, a further merger of the English, Scottish and Australian Bank saw the bank grow once more to become the Australian and New Zealand Banking Group Limited that we know so well today.
The ANZ Bank acquired several smaller banks across Australia and New Zealand to further consolidate its position. These include the purchase of the Bank of Adelaide in 1979, the Grindlays Bank in 1984 and the National Bank of New Zealand in 2003.
Throughout this period, the ANZ also diligently worked to open offices and branches around the world, including offices in New York, Tokyo, Paris, Singapore, Cambodia, Thailand, Beijing, Hong Kong, the Solomon Islands and Papua New Guinea.
By 2009, ANZ Australia entered an agreement with the Royal Bank of Scotland to buy out its Asian operations. It also announced its intention to buy out ING Bank’s 51% share in their long-standing joint venture, which will officially make ANZ Australia’s third largest insurer.
ANZ Bank is divided into two divisions; the Personal Division and the Institutional Division.
The Personal Division of the bank is the one that the majority of clients recognise, as it deals in the finances and personal banking needs of individual customers. There is a wide range of banking products, services and facilities available, including banking accounts, savings accounts, cheque accounts, credit cards, debit cards, personal loans and home loans, to name a few.
The Institutional Division is the side of the company that deals with the finance and banking needs for business clients, organisations and companies.
ANZ Bank launched its Internet banking facility back in 1999 and has strived to improve and maintain a high level of performance, confidentiality, security and reliability since.
These days, the range of online banking facilities makes it very easy for customers to access their own accounts online, check account balances, pay bills via BPAY, transfer money between accounts and see your statements at a glance right on your computer screen.
The security employed by ANZ’s online banking system uses a range of different security measures, each designed to further protect the privacy and safety of your account information.
The ANZ Banking Guarantee was put in place to protect customers against unauthorised transactions. If a customer’s account is accessed fraudulently, the ANZ Banking Guarantee will reimburse the cost of those unauthorised transactions. As a part of this guarantee, they ensure that amounts up to $10,000 will be reimbursed within five working days after receipt of your completed documentation.
With iPhones offering customers quick and convenient access to the Internet, ANZ released an iPhone banking app that allows you to do your banking via mobile banking. The app is free to download from the Apple app store.
If you don’t wish to download the banking app, you still have the option of logging into your usual Internet banking account using your iPhone’s browser. This is a simplified version of the regular Internet banking site you might be used to accessing from your computer, but it works in exactly the same way, with the same security systems in place.
For those customers without browser-based Internet access or without iPhones, it’s still easy to access your banking via a text based mobile banking option. This kind of TXT banking allows you to check your account balances, see your mini statements to check transactions and even receive alerts on your account.
Using your mobile phone to do your online banking could offer you a safer alternative to using a public computer if you’re away from home and need to transfer funds or check your accounts.
Corporate social responsibility
ANZ Bank pledged to create a new corporate responsibility framework that would enable them to strengthen their overall business strategy at the same time as building a recognizable brand that customers can trust.
A big part of that corporate social responsibility is a strong focus to contributing to the world we all live in.
Their contribution to people is to help them create ways to gain control of their finances and develop prosperity through managed use of ANZ Banking products and service. This includes educating customers on best use practices, as well as assisting with employment programs especially for the disadvantaged. They have pledged to a long-term commitment whereby they intend to continue to assist low-income earners to benefit by building up their financial capabilities.
The ANZ focus for communities is aimed around contributing resources and supplying skills that can assist with creating solutions to various community issues that may arise.
Yet the ANZ’s corporate social responsibility focus for businesses is to actively participate as a role model to other businesses when it comes to responsible business growth and ethical behaviour.
ANZ credit card reward programs
ANZ frequent flyer
The ANZ Frequent Flyer credit card offers customers plenty of ways to accumulate more rewards points so they can reach their destinations much sooner. Instead of receiving reward points that you need to redeem, as regular frequent flyer programs tend to do, ANZ automatically does it for you.
Whenever you use your card to pay for purchases, you automatically have your points converted to Qantas Frequent Flyer points. Of course, you will need to be a member of the Qantas Frequent Flyer program in order to link your account with your credit card.
ANZ also offer you two credit cards linked to the same account and same credit limit. This means you could use your Visa or MasterCard to pay for purchases and receive points, but you might prefer to use your American Express credit card at some outlets to earn bonus points. This gives you an option to earn even more points.
ANZ also has multiple bonus partners. These include Qantas flights and other products, Hertz car hire, and Accor Hospitality. If you shop with those partners and pay for your purchases using your ANZ Frequent Flyer credit card, you’ll earn bonus points, which is an excellent way to boost the number of points you earn very quickly.
ANZ allow you to earn an unlimited number of Frequent Flyer bonus points each month, so you’re not restricted in any way to what you could earn.
Customers can also receive a newsletter that will keep them up to date with any special Frequent Flyer offers, bonuses or other rewards that may become available.
Once you’ve accrued enough Qantas Frequent Flyer points, you can redeem them for flights, accommodation, car hire or other travel related expenses. Of course, your points can also be redeemed for other types of merchandise, such as fashion and beauty, food and wine, entertainment, technology and more.