ANZ First Visa Card – Rates and Fees Review

Information verified correct on October 1st, 2016
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Consolidate your debt with a 0% p.a. balance transfer offer, enjoy interest-free days and access exclusive Visa benefits with the ANZ First Visa.

If you’re struggling to repay an existing debt, take advantage on no interest on balance transfers for 18 months with the ANZ First Visa (3% balance transfer fee, eligibility criteria, T&Cs, fees and charges apply). This reverts to standard balance transfer rate, currently 21.49% p.a. afterwards.

This offer only applies to balances from non-ANZ credit products. If you’re looking to consolidate your debts, this card could be the right one for you.

The ANZ First Visa card features 44 interest-free days on purchases, convenient payment options with ANZ Visa PayWave and Apple Pay with a low annual fee of $30. With up to 3 additional cardholders and complimentary insurances on purchases, the ANZ First could be a useful card for you.

Product NameANZ First Visa Credit Card
Balance transfer rate (p.a.)0% p.a. for 18 months with 3% balance transfer fee
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Standard Balance Transfer Revert Rate (21.49% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)19.74% p.a.
Annual fee$30 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 44 days on purchases
Cash advance rate (p.a.)21.49% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$15,000
Minimum Monthly Repayment2%
Minimum Income$15,000
Card TypeVisa
Late Payment Fee$20
Foreign Currency Conversion Fee (VISA)3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$15,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$15,000
Annual Fee$30 p.a.
Minimum Repayment2%
Late Payment Fee$20
Over Limit Fee$20
Cash Advance FeeThe greater of 2% of the cash advance amount or a minimum of $0
Overseas Cash Advance FeeThe greater of 2% of cash advance amount or a minimum of $4
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders3
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • This card comes with a low annual fee of $30.
  • An introductory balance transfer of 0% p.a. for 18 months

Cons

  • For a card with low fees, there are better options. For someone looking for no annual fee - they're better off going with a 'no annual fee credit card'.
  • The interest rate of 19.74% p.a. on purchases and balance transfers is high compared to other cards in this price bracket.
  • There are only 44 interest-free days on purchases compared with most other cards and there is no interest holiday on purchases when you first get this card.

ANZ First Visa Credit Card review

The ANZ First Visa lets you take advantage of exclusive Visa features while saving on standard credit card costs. The card comes with a low annual fee of $30 and an interest rate of 19.74% p.a. on purchases. Those purchases can also be interest-free for up to 44 days if you do not have an outstanding balance in your account. Manage your family spending easily and under one account with up to 3 cardholders at no extra cost.

Benefits of ANZ First Visa

Some of the benefits you can expect from the card include:

  • Balance transfer. If your application is approved, you can transfer up to 95% of your available balances from your other non- ANZ store and credit cards. The 0% p.a. balance transfer offer will apply 18 months, before reverting to the standard balance transfer interest rate of 21.49% p.a. The promotional period starts from the date you are approved for the ANZ First Visa credit card (3% balance transfer fee, eligibility criteria, T&Cs, fees and charges apply).
  • Extended warranty. The card comes with a complimentary warranty, which doubles the manufacturer’s expressed warranty by up to 12 months. This offer is only relevant to products with an Australian warranty, and may not cover purchases made overseas.
  • Interest-free days. If you have a zero balance in your account, you can get up to 44 days interest-free on any purchase made using your Visa credit card.
  • Visa benefits. You receive complimentary membership to Visa Entertainment, which gives you access to pre-sales on tickets, movie screenings and other special offers. You can also get deals through eDine at over 2,000 restaurants and hotels.
  • Mobile payment technology. Apple Pay, Android Pay and ANZ Mobile Pay let you use your Apple or Android device to tap and pay with your eligible ANZ credit card.

Features of ANZ First Visa Card

In addition to having the worldwide acceptance of Visa when shopping, there are other features to this credit card that should be of interest to you:

  • Annual fee. You will be charged a $30 annual fee on your first statement, and one time a year afterwards as long as the account is open.
  • Interest rates and fees. There is a 19.74% p.a. interest rate applied to all purchases and balance transfers. You may also have cash advanced to you at a rate of 21.49% p.a.
  • Security. You are always protected from fraud with the 24/7 Falcon security feature that comes with the ANZ First Visa card. They watch your spending habits, and will send you an alert if they note suspicious activity with your card, or that of any of your additional cardholders. If it is lost or stolen, the worldwide emergency card replacement offered by Visa will make sure that it is immediately replaced.
  • Customisation. Make your Visa card unique by loading an image of your own, or from the ANZ library of images found by clicking designmycard on the ANZ website.
  • Additional cards. You are allowed up to 3 additional cardholders under the same account for no extra charge.

How to apply for the ANZ First Visa Card

If you have compared your options and decided to apply, you can proceed by completing an online application. Before you apply, though, make sure to meet the following eligibility requirements.

Eligibility checklist

  • You must be at least 18 years of age.
  • Applicants will have to earn a minimum of $15,000 per year before taxes in order to qualify.
  • Your credit history will need to be in good standing.
  • You need to be an Australian permanent resident or holding a 457 working visa that is at least valid for the next nine months.

Necessary documents

  • You will have to provide a valid Australian driver’s licence number or your passport as a part of verifying your identity.
  • Income statements are needed, either with paystubs or your tax return.
  • If you are self-employed, ANZ will ask for information about your accountant.
  • A list of all of your current financial obligations, including credit card payments, personal and home loans. If you plan on taking advantage of the balance transfer offer, you will need specific details regarding those accounts, including the institution name, account number and amount to be transferred.

The ANZ First Visa Card could bring you plenty of savings on annual fees. Compare it to similar cards on finder.com.au to see if it offers you what you are looking for today.

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50 Responses to ANZ First Visa Card – Rates and Fees Review

  1. Default Gravatar
    Aaron | August 25, 2016

    Is ANZ First accepted worldwide??

    • Staff
      Anndy | August 25, 2016

      Hi Aaron,

      Thanks for your question.

      Yes, ANZ First Visa credit card is accepted worldwide where Visa is accepted. However, please note that this card attracts foreign currency conversion fee of 3% of transaction value.

      Cheers,
      Anndy

  2. Default Gravatar
    Mel | January 14, 2016

    Hi Ally
    Sort of still confused. So, I don’t often use credit card and it’s usually for small amounts. I pay my credit card 1-3 days after I use it. For example, I used it yesterday and paid it tonight. The balance is zero dollars again. If I make a purchase over weekend…I’ll have 44 days before I get charged interest? Is that correct?
    Thanks
    Mel

    • Staff
      Ally | January 20, 2016

      Hi Mel,

      Thanks for your reply.

      Unfortunately, it doesn’t go that way. The interest-free period is based on the statement cycle date, not the date of the purchase. Therefore, if you make a purchase halfway through the statement period, pays if off in 3 days, the interest-free period does not restart from the date of your purchase.

      Once again, the interest-free period can be enjoyed once you pay your balance in full by the payment due date.

      Should you need further account specific information, you may contact ANZ through the link I sent to your email.

      I hope this has helped.

      Cheers,
      Ally

  3. Default Gravatar
    jo | September 4, 2015

    If I purchase an item will I get charged with interest?

    • Staff
      Sally | September 4, 2015

      Hi Jo,

      Thank you for your comment.

      Yes, you will be charged an interest rate of 19.74% p.a. on purchases.

      However, if you pay your monthly balance in full, you can receive up to 44 interest-free days on purchases.

      I hope this has helped.

      Thanks,

      Sally

    • Default Gravatar
      Mel | January 14, 2016

      Hi in regards to interest-free days, if I have a zero balance on my credit card then make a purchase eg Fridge, if I pay for that before 44 days, I won’t get charged any interest?

    • Staff
      Ally | January 14, 2016

      Hi Mel,

      Thanks for reaching out.

      Assuming you started the month with a zero balance, you don’t have to pay any interest on the purchases if you pay the total outstanding balance by the following due date. In other words, if you pay your monthly balance in full, you can receive up to 44 interest-free days on purchases.

      For more information about interest-free days, you may refer to this page.

      I hope this has helped.

      Cheers,
      Ally

  4. Default Gravatar
    christine | June 23, 2015

    Can I use my existing ANZ first visa credit card to use the free interest 16-month balance or only apply to new cards?

    • Staff
      sally.mcmullen@hiveempire.com | June 23, 2015

      Hi Christine,

      Thank you for your question.

      The 0% balance transfers for the first 16 months is only available to new and approved applicants.

      I hope this has answered your question.

      Thanks,

      Sally

  5. Default Gravatar
    Courtney | June 13, 2015

    Hi, just wondering what the most appropriate credit limit would be for a first credit card?

    Cheers,
    Courtney.

    • Staff
      Jonathan | June 15, 2015

      Hi Courtney, thanks for your inquiry!

      For a first credit card a lower credit limit may be ideal to better manage your usage, although this will depend on an individual’s needs and circumstances. You may like to refer to the following link for a list of low interest rate credit cards.

      Cheers,

      Jonathan

  6. Default Gravatar
    | June 10, 2015

    Hi just wondering if you only do a percentage of the balance to be transferred or not?

    Regards

    Myee

    • Staff
      sally.mcmullen@hiveempire.com | June 11, 2015

      Hi Myee,

      Thanks for your question.

      Just to confirm, you have come through to finder.com.au, not ANZ.

      However, we can confirm that ANZ allows 95% of the approved credit limit for balance transferring.

      I hope this has answered your question.

      Thanks,

      Sally

    • Staff
      Jonathan | June 11, 2015

      Hi Myee, thanks for your inquiry!

      ANZ allows 95% of the approved credit limit for balance transferring.

      Cheers,

      Jonathan

  7. Default Gravatar
    cam | May 9, 2015

    Are ANZ customers eligible for more then one balance transfer card?

    • Staff
      Jonathan | May 11, 2015

      Hi Cam, thanks for your inquiry!

      Balance transfer offers are only eligible once per customer with ANZ.

      Cheers,

      Jonathan

  8. Default Gravatar
    gail | April 15, 2015

    I earn 20,000 – 25,000 what credit limit would i get?

    • Staff
      Jonathan | April 15, 2015

      Hi Gail, thanks for your inquiry!

      The minimum credit limit on this card is $1,000. Generally the bank will set your maximum credit limit taking into account your ability to repay the credit card. Since finder.com.au is a comparison service it would be best to contact the lender/bank directly so they can best advise on your credit limit and options.

      Cheers,

      Jonathan

  9. Default Gravatar
    Lisa | April 9, 2015

    Can I transfer my husband’s credit card balance to this ANZ credit card if I want to be the primary card holder?

    Thanks.

    • Staff
      Jonathan | April 9, 2015

      Hi Lisa, thanks for your inquiry!

      ANZ allows the transfer between two people’s names. Please note that the balance transfer limit is 95% of the approved credit limit which is subject to the lender/bank’s application requirements.

      Cheers,

      Jonathan

  10. Default Gravatar
    Amanda | February 3, 2015

    Is it possible to transfer a business card visa to another bank with 0% transfer rate?
    And what deal would be best to investigate? The card is not needed to use currently. The aim is to clear it without the mind blowing interest rate being charged..

    Thanks

    • Staff
      Elizabeth | February 3, 2015

      Hi Amanda,

      Thanks for your question.

      Different banks have different restrictions regarding balance transfers. ANZ for instance accept balance transfers from any non-ANZ credit, store or charge card. You’ll need to check the terms of the balance transfer card you’re considering to ensure they have no restrictions against business cards. Unfortunately I’m unable to recommend a specific balance transfer credit card to you, but you can start by comparing your options on this page. The cards on this page offer 0% p.a. or low interest for long periods.

      I hope this will help.

      Thanks,

      Elizabeth

Credit Cards Comparison

Rates last updated October 1st, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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