ANZ Low Rate MasterCard – Low Interest Offer

Posted January 8th, 2010 and last modified April 3rd, 2012

ANZ Low Rate MasterCard - Balance Transfer

Find out more about the ANZ Low Rate MasterCard - Balance Transfer

Apply now for a ANZ Low Rate MasterCard - Balance Transfer

What happens when I click Apply Now?

Clicking Apply will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
Your application will typically take you no more than 10-15 minutes to complete
Once approved, you will receive your credit card in the mail within 1-2 weeks

Click here to start your application >>

Pros

At the end of the balance transfer period, any balances you transferred will be charged at the low purchase rate
Affordable annual fee and low interest rate on purchases
Minimum income to apply for the card is only $20,000. You still need a good credit history to qualify for approval

Cons

No rewards program
No additional perks like travel insurance or purchase protection

Overall

If you don't repay your credit card each month, and carry a balance, this is a good candidate for a balance transfer. The major benefit of this card is the fact that the low balance transfer rate reverts to the purchase rate, as opposed to the cash advance rate like many other cards. Excellent low cost credit card in the Australian market

Take advantage of the latest promotion from ANZ!

With ANZ, you’ll enjoy a low interest rate of 0% p.a. for 3 months (reverts to 13.39% p.a.) on purchases with their Low Rate Mastercard .

You will have peace of mind knowing that ANZ’s ‘Secure Falcon’ will keep your transactions online and offline credit card secure, with 24/7 security monitoring to flag any suspicious card transactions.

Interest Rates, Fees & Charges

Balance Transfer Rate		0% p.a. for 3 months
Interest Rate on Purchases		0% p.a. for 3 months (reverts to 13.39% p.a.)
Annual Fee		$58
Interest Free Period		up to 55 days
Cash Advance Rate		21.49% p.a.
Card Type		Standard
Minimum Income Requirement		$15,000 p.a.
Credit Card Type		MasterCard
Rewards Program		No
Additional Cardholder Fee		$0 p.a.

Key Features for the ANZ Low Rate MasterCard:

As with every credit card, this one has features too. See what you get by switching:

Low interest rate of
0% p.a. for 3 months (reverts to 13.39% p.a.) on purchases.
Enjoy up to 55 days of interest free credit on your new purchases.
The ANZ Low Rate MasterCard is affordable with a low $58 annual fee.
Add up to 3 additional credit card holders at no extra cost
Online shopping guarantee
Since you deal with MasterCard your card will be accepted at over 24 million locations worldwide.
MasterCard applause – be entertained with exclusive tickets to theatre, dance, musicals and sporting events.
MasterCard Travel Exclusives – special offers and great deals, simply for being a MasterCard cardholder.
MasterCard Global Service – putting you in touch with a representative – 24 hours a day, 365 days a year.
ANZ Falcon – provides advanced around the clock monitoring for suspicious transactions
Minimum Income of $15,000

And for a limited time:

If you switch from a non-ANZ credit card, store card, etc. to the ANZ Low Rate MasterCard you get to take advantage of a very low 0% p.a. for 3 months (reverts to 13.39% p.a.) interest rate.

Even with a higher debt, if used smartly you can really take advantage of this current offer. If you choose to stick with your existing credit card, then chances are that you are paying through the nose on interest. Most cards charge you up to 20% and more unless you already have a balance transfer card of some sorts.

The application should take around ten to fifteen minutes to complete, and once you have submitted your application you will receive a response within sixty seconds. An approval will be an approval in principle, meaning the decision is based on the information you have submitted, which may require subsequent verification. Your identity will certainly require verification, and this must be done in person at a branch of the ANZ.

Read the ANZ Low Rate MasterCard - Balance Transfer terms and conditions.

Application Requirements
Fees & Repayments

Minimum Income		$15,000
Minimum Age		18 years of age
Available to Temporary Residents		No
Credit Rating Requirement		Good
Min Credit Limit		$1,000
Max Credit Limit		$15,000

Annual Fee		$58 p.a.
Minimum Repayment		2.00%
Interest Charged From		Purchase Date
Late Payment Fee		$20.00
Over Limit Fee		$0
Overseas Emergency Replacement		$0
Overseas ATM Balance check		$0
Overseas ATM Withdrawal		$4.00
Gambling Transactions Allowed		No

Ask A Question About This Card

Showing 29 Questions

1
Guy Kidney June 12th, 2011 at 8:50 am

What is the balance transfer rate after 12 months
2
Jeremy June 12th, 2011 at 7:25 pm

Hi Guy

Thanks for your comment.

After the balance transfer period, with the ANZ Low Rate MasterCard the balance transferred will then accrue interest charges at the purchase rate.

Cheers

Jeremy
3
Trish June 18th, 2011 at 12:09 am

I am an Aussie citizen and permanent resident but have a UK credit card debt that I am paying off. Is it possible to transfer this balance to this card?
4
Ronald Crzedinski June 21st, 2011 at 12:32 pm

What is the credit card limit on the card?
5
Lindsay Lancaster June 25th, 2011 at 6:20 pm

Does transferring car loan debt qualify for 2.9% rate for 12 months?
6
Guy Supar June 27th, 2011 at 11:31 pm

What interest rate of either standard rate (13.49%) or cash advance rate (21.74%) will be reversed to after the balance transfer offer is over (12 months) and I still have transferred debt leftover?
7
Jeremy June 28th, 2011 at 7:46 am

Hi Guy

Thanks for your question

At the end of the balance transfer period, the interest reverts to the standard purchase rate.

Cheers,

Jeremy
8
Guy July 5th, 2011 at 10:24 pm

Would i be able to transfer an amount of approximately $4000? What factors would contribute to this possibility?
9
Jeremy July 8th, 2011 at 5:48 pm

Hi Guy

So long as you meet the credit application criteria and you are approved for a $4,000 credit limit, you should be fine to do a balance transfer to that amount

Cheers

Jeremy
10
Chris July 29th, 2011 at 8:59 pm

Hi , can you roll in a personal loan ? or does it have to be a CC ?

cheers
11
Jeremy August 2nd, 2011 at 9:01 am

Hi Chris

At this point in time, you are unable to balance transfer a personal loan to an ANZ credit card. Citibank credit cards do give you the option of transferring an existing personal loan with their balance transfer offers.

Cheers

Jeremy
12
Jeremy August 2nd, 2011 at 2:36 pm

Hi Ronald

Thanks for your question

The minimum credit limit is $1,000. The maximum credit limit is $15,000.

Cheers

Jeremy
13
Jeremy August 2nd, 2011 at 2:54 pm

Hi Trish

Thanks for your question

The credit card balance must be with an Australian financial institution in order for you to do a balance transfer.

Cheers,

Jeremy
14
Dion T. August 14th, 2011 at 12:37 am

Can you transfer funds from this card to a savings account as a balance transfer?
15
David Pinnock October 11th, 2011 at 9:13 am

am i able to transfer two existing credit cards to this one new card?
16
Anthony B October 16th, 2011 at 8:28 pm

Hi there , I am an existing Anz customer ( mortgage and visa card) and want to transfer a non Anz credit card to take advantage of this offer can I do this ?
Cheers Anthony
17
Jeremy October 24th, 2011 at 11:41 am

Hi Anthony

You are best to make this query direct to ANZ Customer Service.

Cheers
Jeremy
18
Amanda October 28th, 2011 at 3:39 pm

If using balance transfer and purchasing using card, can new purchases take advantage of interest free period and be paid in full or is the balance transfer considered so unless total amount including balance transfer is paid the new purchases will be charged interest?
19
Jeremy October 28th, 2011 at 4:03 pm

Hi Amanda

Thanks for your comment!

The terms and conditions outline the following:
“Interest free days do not apply if you do not pay your Closing Balance (which includes any outstanding balance transfers, cash advances, purchases and Promotional Plans) in full by the due date each month. Payments to your account are applied in the order set out in the ANZ Credit Cards Conditions of Use.”

Hope this helps

Cheers

Jeremy
20
Vanessa November 13th, 2011 at 8:55 pm

Is there anyway that you can apply for this credit card if you earn under $15,000 p.a??
21
Jeremy November 14th, 2011 at 11:25 am

Hi Vanessa

You will have to ask ANZ directly regarding this.

There are some credit cards which offer a joint application – such as the St.George Gold Low Rate MasterCard.

Cheers,

Jeremy
22
cassie January 11th, 2012 at 9:30 am

since its after the 4th of january does the 0% for 3mths on transfers apply??
23
Jeremy January 11th, 2012 at 12:58 pm

Hi Cassie

Thanks for your comment – the offer has been extended until the 13th March 2012

Cheers

Jeremy
24
Amy Burgess January 28th, 2012 at 11:27 am

Can I consolidate and international (UK) credit card along with an Australian card?
Thanks
25
Jeremy February 10th, 2012 at 11:07 am

Hi,

Thanks for your question. Unfortunately you are unable to perform a balance transfer from an overseas account to an Australian account. hope this helps, cheers.

Jeremy
26
Muhammad Azree March 26th, 2012 at 3:03 pm

Hi,
Can i apply this ANZ Credit card here in singapore with the minimum income of $15,000 p/year?
27
sarah April 1st, 2012 at 10:33 am

What are the disadvantages of this card for travelling?
28
Jeremy April 18th, 2012 at 9:37 am

Hi,

You must be a permanent Australian resident to apply for this card. Thanks.

Cheers
Jeremy
29
Jeremy April 23rd, 2012 at 9:15 am

Hi Sarah,

Thanks for your question. If you used this card while travelling you would be up a for a range of fees and charges like overseas transaction fees, currency conversion fees on top of ATM transaction fees. You may want to consider a travel card which are designed specifically for your purpose. Check out our travel card guide and comparison page found – http://www.creditcardfinder.com.au/travel-rewards-credit-cards

Cheers
Jeremy

Popular Credit Card Offers

		Interest rate (p.a.)	Balance transfer rate (p.a.)	Annual fee	Cash advance rate (p.a.)
ANZ Platinum Credit Card	A unique platinum credit card offer with a low balance transfer and purchases rate.	0% p.a. for 6 months (reverts to 19.39% p.a.)	0% for 6 months	$0 annual fee for the first year ($0 thereafter)	20.99%	E-mail me this offer
HSBC Credit Card	A 0% balance transfer, $0 annual fee for life credit card.	17.99% p.a.	0% for 8 months with 2% balance transfer fee	$0	21.99%	E-mail me this offer
Westpac Low Rate Card	A low rate on purchases, balance transfer and a $0 annual fee.	1.9% p.a. for 9 months (reverts to 13.49% p.a.)	3.99% for 6 months	$45 annual fee for the first year ($0 thereafter)	21.49%	E-mail me this offer
Citibank Rewards Credit Card - Platinum Card	An extended 15 month balance transfer offer with 20,000 bonus reward points.	20.99% p.a.	0.9% for 15 months	$199	21.74%	E-mail me this offer
Bankwest Breeze MasterCard	Low ongoing purchase rate from Bankwest, with an introductory purchase rate credit card.	0% p.a. for 6 months (reverts to 10.99% p.a.)	4.99% for 9 months	$49	21.99%	E-mail me this offer

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