ANZ Low Rate credit card – Low Interest Offer
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 $15,000. 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
Related Products
Take advantage of both a competitive interest rate and balance transfer rate with the ANZ Low Rate Credit Card.
With the ANZ Low Rate you’ll enjoy a competitive interest rate of 13.14% p.a. on purchases and for a limited time you’ll also get a balance transfer rate of 0% p.a. for 9 months.
You can also have peace of mind knowing that ANZ Falcon™ will keep your online and offline transactions secure, with 24/7 security monitoring to flag any suspicious card transactions.
Offer only available to applicants who apply for the balance transfer by 30 June 2013.
| Product Name | ANZ Low Rate | |
|---|---|---|
| Balance Transfer Rate | 0% p.a. for 9 months | |
| Interest Rate on Purchases | 13.14% p.a. | |
| Offer end date | 30 June 2013 | |
| Annual Fee | $58 p.a. | |
| Interest Free Period | up to 55 days | |
| Interest Rate on Cash Advances | 21.49% p.a. | |
| Minimum 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 | $15,000 | |
| Minimum Monthly Repayment | 2% | |
| Credit Card Type | MasterCard | |
| Late Payment Fee | $20 | |
| Complimentary Travel Insurance | No | |
| Available to Temporary Residents | No | |
| Joint Application | No |
Key features of the ANZ Low Rate
- Competitive interest rate of 13.14% p.a. on purchases
- Enjoy up to 55 days of interest free credit on your new purchases
- The ANZ Low Rate credit card is a competitive$58 p.a. annual fee
- Add up to 3 additional credit card holders at $0 extra cost
- Accepted at over 34 million locations worldwide with MasterCard
- MasterCard Priceless – 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
Limited time balance transfer offer
As mentioned above, if you switch from a non-ANZ credit card or store card to the ANZ Low Rate Credit Card by 30 June 2013 you get to take advantage of a balance transfer interest rate of 0% p.a. for the first 9 months, which then reverts to the standard variable rate on purchases currently 13.14% p.a.
Personalise your cards
You can design your ANZ card with the image of your choice. Just upload your favorite photo or design, or choose an image from our library. You don’t need to be an existing ANZ customer to apply.
ANZ Falcon™ is a trademark of Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Falcon™ is a trademark of Fair Isaac Corporation.
How to apply for the ANZ Low Rate Credit Card
If you think the ANZ Low Rate Credit Card card is for you, then click ‘apply now’ to be safely redirected to start your application. Please allow up to 10-15 minutes to complete this form.
Please make sure you have the following information prepared;
- Australian Driver’s licence
- Employer’s address
- Accountant’s name and contact number (if self-employed)
- Details of your income, assets and liabilities
- ANZ account number located on your statement (if you’re already an ANZ customer)
To be eligible for the ANZ Low Rate 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 are a non-permanent Australian resident you must earn a minimum of $50,000
Once you have submitted your application you’ll receive a response within sixty seconds. An approval is actually 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 terms and conditions.
| Minimum Income | $15,000 | |
|---|---|---|
| Minimum Age | 18 years of age | |
| Available to Temporary Residents | No | |
| Credit Rating Requirement | 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 | $15,000 |
| Annual Fee | $58 p.a. | |
|---|---|---|
| Minimum Repayment | 2% | |
| Late Payment Fee | $20 | |
| Over Limit Fee | $20 | |
| Overseas Emergency Replacement | $0 | |
| Overseas ATM Balance check | $0 | |
| Overseas ATM Withdrawal | $4 | |
| Foreign Currency Conversion Fee | 3% | |
| Gambling Transactions Allowed | No | |
| Additional Cardholder Fee | $0 | |
| Number of Additional Cardholders | 3 |
Pros
- After the balance transfer period, the interest rate will revert to the standard purchase rate of interest not the cash advance rate of interest.
- A low balance transfer of 0% for 9 months gives you opportunity to get ahead with repayments on your card.
Cons
- This is a basic card that offers none of the perks like travel insurance or a rewards program.
Read the ANZ Low Rate terms and conditions.
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* 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.
What is the balance transfer rate after 12 months
Hi Guy
Thanks for your comment.
After the balance transfer period, with the ANZ Low Rate credit card the balance transferred will then accrue interest charges at the purchase rate.
Cheers
Jeremy
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?
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
What is the credit card limit on the card?
Hi Ronald
Thanks for your question
The minimum credit limit is $1,000. The maximum credit limit is $15,000.
Cheers
Jeremy
Does transferring car loan debt qualify for the balance transfer offer?
Hi Lindsay. Thanks for your question and apologies in the delayed replay. Unfortunately, ANZ do not allow the balance of a personal loan or car loan to be transferred to their credit cards under a balance transfer promotion. Citibank are one of the few institutions that allow this. Cheers.
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?
Hi Guy
Thanks for your question
At the end of the balance transfer period, the interest reverts to the standard purchase rate.
Cheers,
Jeremy
Would i be able to transfer an amount of approximately $4000? What factors would contribute to this possibility?
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
Hi , can you roll in a personal loan ? or does it have to be a CC ?
cheers
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
Can you transfer funds from this card to a savings account as a balance transfer?
I want to take advantage of this card in order to get a $15000 low interest loan. To do this i plan to make a cash withdrawal from my current credit card. As interest is charged daily on cash withdrawals i want to leave it as long as possible to take out the money. At what point will the ANZ transfer the balance over. ie can i be accepted, withdraw the cash and then get ANZ to do the transferral?
Hi Duncan. Please be advised that cash withdrawals are limited to approx. $1000 per day and interest on cash advances is calculated daily. In order to make this work, you will have to get approved for a new, non-ANZ credit card, which has a credit limit that is greater than the amount you wish to perform a balance transfer to. Whether or not this will work depends on your financial situation, which is assessed by the bank when you apply. Please note that the debt on your old card will be considered by the bank when you apply for a new credit card. Thanks for your question.
if i have a balance transfer and also have new purchases and make a repayment, which balance does it come off, my new purchases or my balance transfer? thanks
Hi David. The laws around how the allocation of credit card repayments have recently changed. Payments to credit card debts will now be allocated to the charges that are accruing the highest interest charges first – cash advances. Hope this helps.
I have cash to buy my daughter a car ($2,500) but would rather keep it in the bank. Could I possible get a cash advance on my existing card and if approved, transfer this balance to an ANZ card?
Hi Linda. Yes this is possible, but be aware that if you are denied for the card application, you will be stuck with a $2,500 debt accruing interest charges of approx. 20% – thanks for your question.
am i able to transfer two existing credit cards to this one new card?
Our Mastercard is in my partners name with me as secondary holder. Am I able to apply and balance transfer that card to the ANZ Low Rate credit card Master Card?
Hi Shane. As a rule of thumb, you can only balance transfer from joint to joint account holder cards and single to single account holder cards. For information on which cards allow joint account holders refer to our article on the topic. For information about transferring the balance from a partner’s credit card, check this page, Thanks for your question.
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
Hi Anthony
You are best to make this query direct to ANZ Customer Service.
Cheers
Jeremy
I wish to apply and balance tranfer from another card held in my partners name. Is this possible?
Hi Shane. Please check our page on transferring the balance from a partner’s credit card for further information. Thanks for your question.
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?
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
Is there anyway that you can apply for this credit card if you earn under $15,000 p.a??
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
Can I consolidate and international (UK) credit card along with an Australian card?
Thanks
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
Hi,
Can i apply this ANZ Credit card here in singapore with the minimum income of $15,000 p/year?
Hi,
You must be a permanent Australian resident to apply for this card. Thanks.
Cheers
Jeremy
What are the disadvantages of this card for travelling?
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
Why does ANZ charge an extra 5% on Mastercard exchange rates when no other banks do?
HI David. Thanks for your question and apologies for the delay in getting back to you. This is an interesting question. To our knowledge, when a bank converts a funds from a foreign currency to your local currency, they take the rate offered to them by the card scheme (Visa / MasterCard or American Express). The card scheme applies a fee to this transaction, the lender applies another fee on top of this – this fee is the foreign currency conversion fee. The rate set by the card scheme is somewhat aligned to the figure you hear quoted on the evening news (with a small margin added) – both the scheme and the lender make their profit from the transaction fee applied to this figure. I was not aware that MasterCard applied such a large margin, and any information you can provide to show this would be most appreciated. Can you send a link? Jacob.
With 0% interest on purchases, does this mean we need to pay the minimum payment due each month or not have to pay anything, with no interest accruing, until the end of the interest free period?
Hi Deb. Thanks for your question. The minimum monthly repayment of 2% must be paid each month. Balance transfer and interest will not accrue any interest for the first six months, but you will have to make a 2% payment of the total balance owing each month. Thanks.
Am I able to transfer my husbands credit card debt if I am the one to apply for this credit card? (Obviously I would be the one making the repayments)
Hi Dynella. Thanks for your question. Please read our article on the topic. Cheers.
Will you do this deal on a transfer of $29000 from Westpac Platinum Cards? ie 0% on the balance transfers?
Thanks for prompt response.
Hi J. Thanks for your question. The following is taken from the ANZ credit card balance transfer information page: ‘ANZ accepts balance transfers of $100 or more from other banks, financial institutions and store cards. ANZ is unable to accept a balance transfer:
from other ANZ credit card accounts
from credit cards issued outside Australia
if the balance on your ANZ card has reached or exceeded 95% of the available credit limit balance
if you are in default on any existing ANZ credit card account
if the other account named in your application is in default at the time the application is received.’
You will be able to transfer approx. up to your approved credit limit on your new card – hope this helps.
My brother and i are going to start a renovation and we are looking for a 6 month interest free credit card. My question is can we have both our names on the account.
Hi Chris. For a list of institutions that provide credit cards with joint accountholders, check this page. Thanks for your question.
Can we open this balance transfer card in joint names?
Hi Jo and Trevor. Check this page for a list of institutions that allow joint account credit cards. If you’re looking to perform a balance transfer, it must be from a joint account credit card to a joint account credit card or from a single account holder credit card to a single account holder credit card. . Thanks for your question.
After submitting my application I forgot to add in some vital details about how much funds I have in another account. Can I add this info in now or is it too late.
Cheers from A
Hi Alaina. Please contact the lender directly with your application reference number and a representative should be able to amend your application. Thanks for your question.
HI
Can I transfer balance from my husbands credit card? And if so, should I transfer it at the time of application or can I do it once the card is issued – to get 0% interest?
Thank You
Hi M N.
Best to read this post: ‘Can I balance transfer a credit card from my partner (husband or wife)’ before you apply.
Here’s a post on, ‘Institutions that allow joint account holders‘. Thanks for your question.
Hi,
My commonwealth card limit is 7000 and I get my this ANZ card with 0% balance transfer. So now if I withdraw cash 5000 from my commonwealth card and then do balance transfer with my ANZ to commonwealth . Is it possible or not?
Thanks
Hi Sandy. Yes, what you’re suggesting is possible. When you carry out a balance transfer, you don’t have to close the old credit card. But be aware, your approved credit limit must greater than the amount you wish to transfer. Thanks for your question.
Hi I am wondering if I am still eligible if I don’t have a job but am receiving a regular income via family members.
Hi Christine. You will have to prove that you can meet the minimum income requirement for this card, currently $15,000 p.a.. Thanks for your question.
Can I transfer a balance from a gem visa card to the ANZ interest free credit card?
Hi Sarah. What you’re suggesting is possible. Please check the ANZ Low Rate credit card Review page for further information and a secure application link. Cheers.
Can you please advise if the balance transfer for ANZ is correct, have been trying to access but having no luck
Hi AJL. The Balance Transfer Rate is 0% p.a. Cheers.
i have one mark against my name will that affect me much
Hi Allison. Thanks for your question. If you have had a credit misfortune in the past, the thing lenders want to see is that you have taken steps to show them that you can service a debt. You can contact one of the credit reporting agencies, like Veda, to get a sample of your credit file. It’s very difficult to find out whether you’re going to be approved or declined for an application before going through with the process, as lenders do not advertise the process for credit checks. If you’re concerned about further damaging your credit report, best to speak to a banker directly to see how they can help. We recently spoke to a banker about bad credit and this is what she said.
Also check this page for information on a failed credit card application and how to avoid it.
I have contacted ANZ who have stated that the zero percent interest rate on balance transfers only applies for the initial 6 months. Can you please confirm as is advertised as longer on your website.
Hi Sheree. ANZ are exclusively offering the longer 0% p.a. balance transfer rate to comparison websites at this point in time. If you would like to apply for this offer you can do so via our website. Cheers.
Hi, if i transfer the balance from two credit cards across onto this low rate mastercard, and at the end of the 12 month period I still have some of the balance left to pay off, do I pay interest on the amount that is remaining, or on the amount that I originally transferred?
Thanks!
Hi Kelly. Interest is calculated daily, which means that you will only pay interest on the remaining balance. Thanks for your question.
I already have an ANZ Low Rate, can I take advantage of the current offer of balance transfer with 0% pa?
Hi Gail. Thanks for your question. According to the ANZ Low Rate Credit Card terms and conditions, ‘Balance transfer rates not available in respect of balances transferred from an existing ANZ credit card.’ Cheers.
I want to transfer a balance from an existing ANZ CC. Is this possible and would I still get the same rates?
Hi Jo. You can transfer a balance from one ANZ credit card to another, however, you will not be eligible for the promotional interest rate – this is only available to applicants who are bringing the balance from a non-ANZ credit card. Here’s a link to our balance transfer credit card comparison page. Thanks.
I am already an existing ANZ card holder with a low rate mastercard. Am I still eligible for this offer?
Hi Bernie. Thanks for your question. the ANZ low interest balance transfer promotion is only available to new non-ANZ cardholders. Please refer to our balance transfer page for a comparison of balance transfer credit cards. Cheers.
can i apply for balance trans. from another anz card
Hi Karen. Thanks for your question. In order to be eligible for the promotional rate of interest on a balance transfer, you must be transferring the balance from a non-ANZ credit card. Cheers.
Hi,
I don’t have an amount for balance transfer just yet but will have one around 12-15k.
What is the procedure ? Do I apply first to see if I have the credit limit for 12-15k before I transfer or I can apply first then provide the details to transfer after the application approval ? and what is the time limit for me to transfer over after the application has been approved.
How long does it take to process this ? I just need to get the timing right.
Sorry to throw some many questions at you. Are you able to provide me a contact number to talk to ?
Hi Patricia. Thanks for your question. By all means ask as many questions as you need, this is the best way to get in contact with us.
If you’re interested in carrying out a balance transfer, please first read our balance transfer comparison page – it has the answers to all the questions.
You apply for a card first. During the application you will need to elect to carry out a balance transfer – if you’re approved it will take about 10 – 14 business days to complete your request. The amount you can transfer will depend on your credit limit. Generally you’re only allowed to transfer between 90-95% of your approved credit limit. Any other questions – feel free to ask.
Regards.
Jacob.
As I already have an ANZ low rate master card, Can I transfer the amount from another credit institution and create a new card, and then have effectively 2 ANZ low rate cards? thus utilizing the 0% offer?
Is there a minimum time period this card has to be active for? I would like to balance transfer $7000 and pay it off as quickly as I can, hopefully six months, then close the account and open one with Frequent Flyer rewards. Would there be any extra fees if I closed the account in about six months?
Hi Shep. Thanks for your question. You can close the account as soon as you have paid the card off in full. There are no penalties or charges for doing this. Cheers.
THanks Jacob, do you get to choose the credit limit in the application ?
Hi Patricia. You don’t get to choose a credit limit at application, but you can amend it once your application has been approved. Jacob.
HI Jacob, is the a special offer of 0%pa applicable to his online application ? Can i apply through ANZ directly ?
Hi Jacob, I am a ANZ customer with a transaction account, online saver account and a visa platinum credit card. Can I apply for this new card as well and have 2 credit cards? If not how about if I cancelled my current platinum credit card and apply for the low rate card, will I be able to get this offer? When I apply online, how long it takes to notify me whether my application is successful or not, so that I can try with other banks.
Thanks in advance
If my application is successful with $5000 credit limit, and the amount on my card from which I wish to transfer balance is $6000 can I still transfer 90% (or whatever is allowed by anz)Also, is it possible, that bank will approve my credit card, but deny my balance transfer request.
Hi Jacob,
Thanks for your quick response. I think I did not put my question properly. I do not want a balance transfer from ANZ to ANZ. I have another credit card from CBA from which I want to transfer to ANZ to get 0% balance transfer offer, which I cannot get as this offer is only for new customer. So if I cancel my existing ANZ credit card and put a new application again for credit card, will I be considered as a new customer and eligible for 0% balance transfer and transfer my CBA balance to my new ANZ or will bank will refuse this 0% offer as I was previously holding ANZ card.
I know I can get low rate balance transfer (around 2.99%) but I am interested in 0% offer
Hi SP,
Here are your questions summarised with answers for each:
ANZ customer with a Visa Platinum. Can I have 2 credit cards?
Answer: Yes, it is possible to apply for this credit card however you would not be able to transfer the balance of your existing ANZ Platinum Visa on to it
If I cancelled the Visa Platinum Credit Card and apply for this credit card, would I be able to get this offer?
Answer: Cancelling your credit card and applying for the Visa Platinum won’t change your eligibility for the ANZ Low Rate. This offer is available to all new applicants for the ANZ Low Rate.
When I apply online, how long it takes to notify me whether my application is successful or not, so that I can try with other banks.
Answer: It takes 10-15 minutes to complete the online application and once completed you will receive a response within 60 seconds. In some cases you may need to provide further details including verification of income and employment before they can advise if your application was successful.
I have another credit card from CBA from which I want to transfer to ANZ to get 0% balance transfer offer, which I cannot get as this offer is only for new customer.
Answer: This offer will still be available to you so long as you don’t already own an ANZ Low Rate credit card as it is only available to new applicants to this card.
If my application is successful with $5000 credit limit, and the amount on my card from which I wish to transfer balance is $6000 can I still transfer 90% (or whatever is allowed by anz ) Also, is it possible, that bank will approve my credit card, but deny my balance transfer request.
Answer: When doing a balance transfer to an ANZ card, the amount you transfer must not reach or exceed 95% of the available credit limit balance. In the instance that you were given a $5,000 credit limit, you would be able to transfer up to still use the balance transfer to pay off a chunk of the CBA card, leaving a remaining balance on that card.
It is possible that your balance transfer request may be rejected. Please inspect the ANZ Balance Transfer form (which is also a section of the online application) and review their balance transfer criteria before making any decisions.
Also just to make you aware SP, the ANZ Low Rate offer has just changed today from 0% for 12 months p.a. on balance transfers to 0% for 9 months p.a. on balance transfers. This new offer is available until 13th December, 2012.
SP – do you have everything you need? What else can I do for you? We are here to help! :)
Thank you again for using CreditCardFinder.com.au
Kind regards,
Jacob
can i transfer the balance of a citibank debit card
Hi Matthew. Thanks for your question. A debit card uses your own money and therefore you can not transfer the balance to a credit card. Cheers.
If you have held an ANZ c/card previously (2 years ago) are you eligible for ANZ low rate c/card?
Hi Melissah, Thanks for your question. If you’re opening a new account with ANZ, you’re eligible for the promotional balance transfer rate of interest. Thanks.
Could you please let me know what my transferred funds reverts to after the balance transfer offer ends?
Anne
Hi Anne. At the end of the balance transfer period, any balances you transferred will be charged at the low purchase rate. Thanks.
Hi,
I am existing customer of ANZ n i already have a anz visa credit card. Am i still eligible for interest free balance transfer.
Hi Sangeeta. Thanks for your question. Balance transfers are only available to new ANZ customers. For a comparison of balance transfer credit cards, please head to our balance transfer page. Thanks.
Not sure what you mean by purchase rate. Could you please define in numeric form what the credit rate is on transfers which are 0% p.a.
Thanks
Anne
I currently have a GO Mastercard with just under $7500 owing. Can I transfer my debt from this particular card and get the interest free promotion?
Hi Rebecca. Thanks for your question. If you’re approved for the ANZ credit card, generally you’re also approved for a balance transfer. You will need to make sure your approved credit limit on your new card is greater than the amount you wish to transfer. Cheers.
can i transfer my existing anz credit card amount to this anz 0 per cent interest card?
Hi Jane. The ANZ balance transfer page says, ‘ANZ is unable to accept a balance transfer: from other ANZ credit card accounts, from credit cards issued outside Australia, if the balance on your ANZ card has reached or exceeded 95% of the available credit limit balance, if you are in default on any existing ANZ credit card account, if the other account named in your application is in default at the time the application is received.’ Cheers.
Hi just looking to transfer over from Aussie credit card. How long do we have to pay the residual owing on the transfer of our old card before we start paying interest on the new one please? It’s around $6000
Hi Katie. Thanks for your question. If you transfer from your Aussie credit card to an ANZ credit card, you will have 9 months interest free to pay the amount you have transferred over. At the end of the balance transfer promotional period, you will be charged the purchase rate of interest, currently 13.14% on any remaining balance not paid during the promotional period. You do not have the close your old credit card once the transfer is complete. Cheers.
Hi, If I pay out my car loan with this card will I have 0% interest for the promotional period?
Hi Emma. What you’re referring to is the balance transfer promotion. This works by charging a special promotional rate of interest, in this case 0%, for a set period. To be eligible for this offer, you must transfer the balance from a non-ANZ credit card to this card or any other ANZ credit card with a balance transfer promotion. You can’t transfer from a personal loan to a credit card and you can’t transfer between two related credit cards (i.e. ANZ to ANZ, CBA to CBA etc.). Hope this helps.
I see the max credit limit is $15000, I need $35000 is there room for variance on this figure? or is there a more suitable card?
Hi Cameron. Thanks for your question. Card’s that are considered premium have a higher credit limit. Please refer to our platinum comparison page as a starting point. Cheers.
How does ANZ charge the annual fee of $58? Will that be charged to the card as a separate purchase? What if the card has the balance transfers?
Thanks
Hi Lylyy. Thanks for your question. The annual fee is charged to the card as a purchase on the first anniversary statement. It’s charged at the purchase rate and is paid off before the balance transfer. Cheers.
Hello. I have a query. Currently, ANZ Bank is offering the Balance Transfer Rate 0% p.a. for 6 months and not the time period you mentioned. Please clarify. Thanks.
Hi Rohit. The balance transfer promotion is an exclusive deal with CreditCardFinder.com.au – thanks for your question.
Can I transfer my Husband’s Credit Card into My name?
Hi Shannon. Thanks for your question. ANZ do allow you to transfer the balance from one person’s name to another person’s name taking advantage of the promotional balance transfer rate of interest.
Can I get this card if I have been working less then a year?
Hi Brady
Happy new year, and thank you for your question.
Yes, the ANZ Low Rate is available to those working less than a year. In order to qualify for this card applicants need to have been employed for a minimum of three months, and be working a minimum of ten hours a week. This is in addition to the other minimum requirements as outlined by ANZ.
Hope this answers your question,
Marc.
I have recently visited a ANZ branch and asked about this credit card deal…ANZ stated that this was not a valid product, and this is not authorised by the ANZ.
Hi David,
Thank you for your comment.
The ANZ Low Rate Credit Card is a valid product still being offered by ANZ.
CreditCardFinder.com.au is an online comparison service, which means from time to time we’re able to secure special offers not usually available at a branch.
Clicking this link will take any potential applicants to ANZ’s website, where the application process can begin.
I hope this helps,
Marc.
If I make application and list my partner as a secondary card holder, can we transfer a balance from her existing credit card. (The card is only in my partners name)
Hi Tim. PANZ do allow you to transfer the balance from one person’s name to another person’s name taking advantage of the promotional balance transfer rate of interest.
Hi
Can i repay my personal loan from other bank on this balance transfer facility.
thanks
Hi Kris. Thanks for your question. Balance transfers to ANZ credit cards will only be accepted from another credit card or store card. Citibank are one institution that do allow a balance transfer from a personal loan to a credit card. Cheers.
I have credit limit for $24000 and I used about $9000(Balance). When I transfer will I be getting limit of $24000 or only $9000??
Gooni
Hi Gunjeet. Thanks for your question. If you transfer your outstanding balance of $9,000 to another credit card, your available credit limit will be what the lender assigns minus the balance transfer amount. Your total credit limit will be assigned based on the financial information provided to the lender at the time of application. Cheers.
Are online lottery purchases considered a gambling transaction by ANZ?
Hi Stanley. Thanks for your question. According to ANZ, if you purchase a lottery ticket online, it should appear as a normal purchase on your statement. Cheers.
My initial application for an ANZ Low Rate card was refused, even though I fulfilled all the necessary criteria. How can I find out the reason for the refusal? Am I able to re-apply at a later date?
Hi AMP. Please refer to our article on the topic. Cheers.
hi Can we get the card before 13th of january and do the balance transfer on 28th of February and still be eligible for the current balance transfer offer? Thanks
Hi Niro. Thanks for your question. If you apply for the card and are approved, you can wait to do the balance transfer and still be eligible for the promotional offer. What you must be aware of is that the balance transfer promotion starts from the date you’re approved. So if you wait till February, you will get less months as part of the promotion. Cheers.
How long is the balance transfer offer? From ANZ website it is only for 6 months. Thanks & best wishes from Jian
Hi Jian. Thanks for your question. The ANZ balance transfer promotion is longer if you apply through our site. Thanks.
I currently have a credit card with another bank and am looking to use the balance transfer on the above offer can you please confirm that the offer is to transfer over to you at 0%??
My son chose also to do this offer before me but the paperwork has arrived which shows the balance transfer is at 13.14%pa this is not what he wanted and I don’t wish to be trapped as well
Regards
Maxine
Hi Maxine. Thanks for your question. The offer is indeed 0%. After the promotional balance transfer period has finished, the remaining balance will be charged at the purchase rate of interest. Cheers.
Hello,
My girlfriend currently has a credit card with you and we have had to put some medical bills on it, and we have about 3k debt on that card. Can we transfer the debt from that card to your card (all within the same bank)?
Also she is not working at the moment, so if I were to get this card could we transfer the debt from her name to my name? Not a big issue as she starts working again in a month.
Regards,
Oliver
Hi Oliver. Thanks for your question. ANZ do allow you to transfer the balance from one person’s name to another person’s name taking advantage of the promotional balance transfer rate of interest.
I have an ANZ visa in Fiji dollars.
1. I am from Fiji can I apply for this card?
2. Is it possible to transfer my existing credit from my visa?
3. Is it possible to make repayments using ANZ internet banking in Fiji dollars?
Hi Amol,
Thanks for your question.
To qualify for this card an applicant must be a permanent Australian resident. It’s also not possible to transfer existing balances from an international ANZ card to an Australian ANZ card.
Finally if a cardholder wanted to pay their repayments using an international currency it would first need to be converted into Australian dollars.
I hope this answers your questions.
Marc.
when purchasing online with this card what charge applies to convert US dollar to Australian
Hi Kristine. Thanks for your question. You will be charged a cross currency conversion fee, also called a foreign currency fee of 2 – 3% of the total value of the transaction. For more information on cross currency conversion fees, please check this page. Thanks.
Hi. I am transitioning to a Super Pension of $65,000 (tax-free) p.a. Living on my savings currently and own my own home. Technically i have no ‘income’ but have proof of Super Pension eligibility. Is this a barrier to being granted this card? Thanks J.
Hi J,
Thanks for the great question!
It would be best to call ANZ and speak with them on this occasion. They’ll be able to answer whether or not this type of income is suitable for the ANZ Low Rate application.
I hope this helps,
Marc.
If I am in a bit off trouble paying of my card would they still consider me for change of bank?
Hi Carmen. Thanks for your question. This card has a good credit rating requirement. If you are having trouble paying off your card, but still have a good credit rating, a balance transfer is a good option to get yourself out of debt sooner. Cheers.
If i do a balance transfer but then make other purchases when i make a repayment in what order does it pay off the outstanding balance.
Hi Mario. Higher interest charges are paid off first and lower interest charges second. For more information check our page on the government reforms to the allocation of credit car repayments.
I have an annual income of 25,000 dollars which exceeds the minimum requirement. My main income source is from a disability pension. Will this affect my application?
Hi Ian. It should not affect your application. Thanks.
I currently have an ANZ frequent flyer (blue) visa card, i would like to apply for an ANZ low rate and take advantage of the balance transfer. Is this possible?
Hi Vanessa. Thanks for your question. If your transferring from an ANZ credit card to another ANZ credit card, you are not eligible for the promotional balance transfer rate of interest. Cheers.
Can i transfer funds from a personal loan to this card?
i have started a application but am unable to complete because i am not transferring from a credit card.
thanks
Hi Shane. Thanks for your question. You can not transfer the balance from a personal loan to an ANZ credit card. Citibank do allow this though.
Hi, just a quick question. I have recently applied an
approval for a $10000 credit card recently. If i have used it all
within 2 weeks, is it still possible to do a balance transfer if
the person is meeting the regular payments each month?
H Glen. Yes it is. Just watch out for applying for too many credit cards in a short space of time. Too many enquiries on your credit file is seen as a negative sign by potential credit card providers. Thanks.
If I do a balance transfer from my Westpac credit card to the ANZ low rate credit card, must I close my Westpac credit card account?
Hi Linda. Thanks for your question. Once a balance transfer has been processed, you do not need to close the account; however, if you do want to close your account, it’s your responsibility.
Hi,
I already have this low rate card, is it possible to transfer another credit card balance currently with Citibank or is the offer restricted to new customers only?
Thanks
Hi Matt. Yes, this is for new customers only. Thanks.
I actually enquired re this today with ANZ & they advised I could do this BT even if I already have an ANZ Low Rate M/Card.
I have accumulated a debt a bit over $19,000 (over 3 credit cards) doing a kitchen renovation and would like to consolidate this debt and pay it off with a minimum payment of $1000 per month. Is there a credit card balance transfer deal that I could do this with?
Hi Anna. Thanks for your question. Please check our balance transfer comparison page. You can find balance transfer credit cards here, and compare the cards till you find the right one to suit your needs.
Will anz balance transfer cards accept the whole debt or 95% as some cards stipulate?
Hi Adrienne. Thanks for your question. According to the ANZ website: ‘ANZ is unable to accept a balance transfer: if the balance on your ANZ card has reached or exceeded 95% of the available credit limit balance’. Hope this helps. Jacob.
I have 2 ANZ cards + 2 GE credits. I’d like to move the balance from all 4 cards, to this ANZ card, and close the others. Is this possible?
Hi Craig. Thanks for your question. A balance transfer will only be accepted if you’re bringing outstanding debt from a non-ANZ related credit card or store card. But you can definitely consolidate more than one credit card debt with a balance transfer. If you want to consolidate your debt at a low rate of interest, please refer to our balance transfer comparison page.
Hi,
I applied for this credit card on the 8th February. I was contacted by one of your staff asking me to fax my passport and 2 recent pay slips, which I have done well over a week ago now. Since then I have not heard anything more. I appreciate you assistance in this matter.
Regards,
Carmen.
Hi Carmen,
thanks for your comment.
We are a comparison service which allows you to compare different credit cards. This means we don’t handle any credit card products or applications themselves. If an application has been delayed it could be for a range of reasons, including the possibility that the bank is double checking the applicant’s credit rating, details were incorrectly entered, or the bank is experiencing a high volume of applications. Alternatively, the application may be delayed because someone has simply forgotten to continue the process, so it may be helpful to call ANZ and speak to them about the matter directly.
I hope this helps,
Marc.
Hey are there foreign transaction fees on this card?
Hi Matt,
thanks for the question!
There is a fee of 3% of the total value of a transaction when a purchase is made in a foreign currency and the merchant is located outside of Australia.
I hope this answers your question.
Marc.
I have a skipped payment report on my credit record due to a misunderstanding with Telstra. This has since been resolved and full payment made. Will this be an issue with an online credit card application\?
Hi Ray. If the issue has been resolved and the credit misadventure removed from your file, it should have no bearing on future applications for credit. Thanks for your question.
my wife and i have 2 credit cards…..is it possible to transfer both balances to anz master card?
Hi Terry. Thanks for your question. ANZ do not offer credit cards with joint primary account holders. However, we have since been informed that you can transfer the balance from one person’s name to another person’s name taking advantage of a low promotional balance transfer rate of interest.
You can apply for a credit card in one of your names, one person will be a primary cardholder and one person will be a supplementary cardholder – you can then pay down the balance.
If I have made cash withdrawals from a credit card can I still transfer the balance to an ANZ low rate card and get the 9 months interest free?
Hello Sue,
thanks for the question.
A balance transfer takes on all the different types of debt on your existing credit card up to a set amount of the available approved credit limit. This means cash advances you’ve made on your card can still be transferred over using a balance transfer. This is provided the other eligibility criteria have been met, including:
- The existing card is a non-ANZ store or credit card
- The balance transfer must be requested at the time of applying for or, at the time of activating your new ANZ credit card account.
I hope this helps,
Marc.
If you request for a balance transfer are you required to permanently close off your existing credit card, of which you made the transfer from?
Hi Georgia. Thanks for your question. After you carry out a balance transfer, you’re under no obligation to close your old credit card. The responsibility to do so is up to you. Thanks.
Can I transfer a balance from an overseas credit card. I am a permanent resident.
Hi Dorinnia. Balance transfers are only accepted from Australian cards. Thanks.
Interested to apply for the ANZ low rate credit card to benefit from the 0% interest on balance transfer for 9 month. I am planning to purchase the goods on my current credit card once the ANZ application is approved. Can I nominate the balance transfer at the time of activating the card or I have to complete this during the application? By the way, I am a new customer for ANZ. Also can I keep my current credit card or I am obliged to cancel it? Thanks.
Hello Kazem,
thanks for the question!
According to ANZ, the balance transfer must be requested at the time of applying for or activating the card. To answer your second question, the existing card where the balance is being transferred from will not be automatically closed, so you can choose to keep it open or close it after your balance transfer occurs.
I hope this helps,
Marc.
my wife and i have 2 credit card accounts……both joint account holders……..in both our names….can we transfer both balances
Hi, from the USA. Someone with excellent credit what would be the best anz credit card for them. Thanks
Hi Michael. The cards listed on http://www.CreditCardFinder.com.au are for Australian residents only. The best card will depend on your personal circumstances. Please compare to find the card that’s right for you.
If I transfer my existing balance can you please confirm that there will ZERO charges for 9 months i.e. no transfer fees or any hidden fees.
Hi Michael. The only charge you pay when you transfer a balance is the applicable balance transfer rate of interest, in this case currently 0%, the minimum repayment and the cards annual fee. Thanks.
If the low rate credit card (balance is being transferred to) has an annual fee, will interest be charged on the fee?
Hi Sue. The annual fee is typically charged at the purchase rate of interest if it is not paid in the first statement period. Thanks.
What fees and charges will I incur if I pay off this card before the interest fee period ends?
Can you balance transfer a go card ge credit loan?
Hello Marcene,
thanks for the question.
If you’re referring to the GE Money Go MasterCard then yes, this is one card which the ANZ Low Rate card will accept balance transfers from, providing the transfer is approved by ANZ.
I hope this helps,
Marc.
Hi is there a fee involved with the transfer between accounts
Hi John. Thanks for the question. Currently there is no fee for processing a balance transfer. Jacob.
Can I receive my regular statements electronically and not mailed in the post
Hi Dean. Once you register for Internet banking, you can elect to have statements sent to you electronically. You can also do this by contacting ANZ over the phone. Jacob.
Is there a reward program with the card?
Hi Rebecca. Thanks for your question. This card does not offer a rewards program; however, ANZ have other cards that do. Please check the comparison table for further information. Jacob.
If I cancel this account after 9 months, are there any extra hidden fees?
Hi Roger. Thanks for your question. There are no fees for cancelling a credit card. If you’ve paid the card off in full, you’re free to close the account any time. Jacob.
Hi, we are a pensioner couple with $7000 credit card limit, we currently owe 3,000 due to medical bills, would like to transfer to zero interest. for 9 months. would we lose our credit limit as we are not working part time at the moment.
Hi Cathy. It’s difficult to say; however, it’s a real possibility that the lender will approve you for a lower credit limit due to your employment status. You can apply and request a credit limit. They may give this to you or give you a lower limit. What was your employment status and income when you applied for the card with the $7,000 limit? Jacob.
Hi , in answer to your question we were employed as independent contractors. However we now only work very occasionally and due to ill health and a medical bill this left us with a $3000 balance, we can pay it off slowly however there is less pressure if we were successful in transferring that $3000 balance to a zero interest card for 9 months.
I Have a GE Credit Line i would like to transfer to a credit card to pay off with a better interest rate. and if need for any purchases need necessary. Is this a better and convenient way to go?
HI Kayleen. Thanks for your question. A balance transfer is the most popular option for people looking to reduce their interest repayments on credit card debt. You may also want to consider a debt consolidation personal loan; however, the balance transfer promotion offered through credit cards has been specifically designed for people in your situation. Please be aware though, if you use your card to make purchases when you carry a balance transfer balance, the purchases will be paid first and the balance transfer second. Jacob.
I already have a low rate anz credit card so how do i go about transferring my citibank credit card balance?
Hi Belinda. Thanks for your question. You can transfer the balance of an existing ANZ credit card account. According to the ANZ website, ‘A fee may apply to balances transferred to an ANZ credit card account. Where applicable, a Balance Transfer Fee will be advised in the terms and conditions of the balance transfer. ‘ Please call ANZ to request a balance transfer to an existing ANZ account, please be aware that the promotional rate of interest does not apply to balance transfers to existing accounts, these transfers are subject to available offers to existing ANZ customers.
According to the ANZ website, you will need:
‘- other bank’s name
– card type
– account number
– BPAY® biller code
– amount to be transferred.’
This transfer may take anywhere between three and fifteen business days.
Jacob.
My partner and I are currently have the frequent flyer credit cards at 21%. Can my partner change to your free transfer for 9 months and the interest rate of 13.14% even though we are existing customers.
Hi Amanda. Thanks for your question. You will have to speak to ANZ directly about this. The balance transfer promotion listed on this page is available for new customers transferring from an non-ANZ credit card, charge card or store card only; however, ANZ do make balance transfer offers available to existing customers from time to time. I am unable to comment on the rate you’ll receive. Hope this helps. Jacob.
could I still keep the old credit card if I do the balance transfer?
Hi Jixing. Thanks for your question. After you carry out a balance transfer, you don’t have to close your old card. It’s your decision to close the account or keep it open. Jacob.
Wondering if you could send out a brochure about transfers on credit cards would like to do it but need a form.
Hi Delfina. If you’re looking for ANZ’s promotional materials, you may have to pop into a branch of get them to send you something in the mail. In the mean time, here are a list of links that provide some great information about balance transfers. Please note, you can apply for a balance transfer during the application process for a credit card, you don’t have to fill out any separate forms.
The balance transfer process
Balance transfer offers
Balance transfer revert rates
Can I transfer the balance from a partner’s credit card to a card in my own name?
Jacob.
Hi,
I want to transfer a CC debt of $3000 to the 0% low rate for 9 months. Do I also need to have my income going to an ANZ account? It says that I need a min. of $15,000 p.a income, is that just evidence from payslips or does that amount need to be paid into an ANZ account from my income.
Cheers,
Katy
Hi Katy. Thanks for your question. You only need to prove that you earn that amount a year. This can be shown by payslips. Let me know if you have more questions. Jacob.
Hey, my promotional interest rate period is ending in May for my ANZ credit card…still have some to pay off …can I get a balance transfer to another ANZ card that has the 9 month promo period of 0% & then I will have it all paid off?
Thanks
Hi Carmel. Thanks for your question. You won’t be able to transfer to another ANZ credit card and get the promotional balance transfer interest rate. This is an offer for new customers only transferring from a non-ANZ credit card, store card or charge card. You can transfer to another ANZ card, but you won’t get the promo rate. Please compare balance transfer offers here. Let me know if you have any other questions about balance transfers. Jacob.
My husband and I have separated. We have a credit card in joint names which he no longer makes payments to and has left me to pay for it. Can I do a balance transfer to the ANZ Low Rate Credit Card in my name only if my application is approved?
Can I also transfer the balance of another credit card held in my name only?
Hi Lynette. Thanks for your question. Yes, you can do this. ANZ allow the transfer of a credit card balance in someone else’s name to a card in your own name. They also allow the consolidation of up to two credit cards when carrying out a balance transfer. For more information on this topic, please refer to this page. Regards. Jacob.
I live 300km from my nearest ANZ Bank. Is it possible to verify my details via mail with the help of a J.P.?
Hi Lynette. Thanks for your question. Can you please provide additional information so we can assist you with your question. Jacob.
Is there a minimum amount of time in which you need to have the Low rate credit card activated? Eg. I may wish to use the card for a short period of time and then tranfer to another card.
Hi Tennielle. Thanks for your question. There is no minimum amount of time you have to keep the account open for. If you’ve paid the entire card balance, you’re free to close the account any time. Jacob.
How can I make regular internet payments if I bank with another institution? Do I have to also open savings account?
HI Dianne. Thanks for your question. Once you open the credit card account, you can pay the account from another provider’s transaction account through online banking. You can pay the account via BPAY, direct credit (EFT), at an ANZ branch, or at Australia Post. Hope this has helped. Jacob.
I have finance with Finance with Wyndham Pty Ltd, do you regard this as a personal loan.
Hi Lynda. Thanks for your question. I’m not familiar with this organisation. Can you please email us some information about this institution so I can answer your question. Jacob.
Hi. I currently have cc debt of $3000, which $1500 is used as cash advance. Will I be able to transfer all the debt or is there any restriction on transferring cash advance debt.
Thanks.
Hi Jae. Thanks for your question. There is no restriction on transferring cash advances. Both purchases and cash advances can be transferred under a balance transfer promotion. Let me know if there’s anything else you would like to know about balance transfers – this video has information on the basics, while this video lets you know what you need to do after carrying out a balance transfer. Jacob.
Hi there
If I apply for this transfer of debt from a NAB Visa, am I obliged to terminate the NAB Visa card, or can I keep it active for use?
Thanks.
Hi Zelly. Great question. You don’t have to close your old card when you transfer a balance from it, you can keep it open. Let me know if you have any other questions about balance transfers. Jacob.
Does your offer allow balance transfers from an existing ANZ VISA card?
Hi Sean. Thanks for your question. According to ANZ, ‘ANZ is unable to accept a balance transfer from other ANZ credit card accounts.’ Please compare balance transfer credit cards here. For more information on how a balance transfer works, please watch our video about it. Jacob.
Hi, Can a balance transfer be done from my wife’s Citibank Ready Credit with Visa account to MY ANZ low rate visa card. Note that of two other banks I inquired with, one could do this and the other couldn’t.
Hi John. Thanks for your question. Please check this page for a list of institutions that allow you to do this. Jacob.
I sent in an application for this card over 2 weeks ago and have tried to return the missed call I had from your bank. If you could call me after 3pm on any day I am more likely able to receive your call.
Regards
Dale.
Hi Dale. Thanks for your question. Unfortunately we are unable to help with your request. Can you please check this page for information on what to do when you need to follow up on a credit card application. Jacob.
I have a credit card debt with Citibank balance of $24,000.
Can I apply for this card?
Hi Narelle. Thanks for your question. You can apply for this card provided that you meet the minimum eligibility requirements set out on the review and application page. If you’re looking to transfer a balance, you will need to be approved for more than you wish to transfer from your old card. Jacob.
What are the loyalty programs with the ANZ low rate card?
Hi Henry. Thanks for your question. The ANZ Low Rate Credit Card does not have a loyalty program. There are ANZ Credit Cards that do, please compare ANZ Credit Cards here, and compare rewards credit cards here. Jacob.
can i transfer my balance again before the time allocated for 0% finishes.
Hi Craig. Thanks for your question. Yes, you can transfer the balance of a card as many times as your approved for credit with a new card that has a balance transfer promotion. The normal rules of balance transfers still apply. There is no restriction around transferring a balance while there is still a balance transfer promotion running on your card. Jacob.
I have a BANKWEST card that has a limit of $15.000 I have had this card for several years and I use it mainly for travel. I was wondering if your card has travel insurance attached and all other travel benefits that several cards have.
Hi Paul. Thanks for your question. This card does not offer complimentary international travel insurance. This is a benefit that is commonly included with platinum, frequent flyer and rewards credit cards. Let me know if you need more information. Jacob.
Does the remaining balance transfer revert to the cash rate after the 9 month balance transfer promotional period?
Dennis
Hi Dennis. Thanks for your question. Currently, any balance not paid at the end of the balance transfer promotional period will be charged at the purchase rate of interest. Check this page for more information. Jacob.
Hi,
I got this same credit card maybe sometime last year, but i’m interested in the 0% Balance transfer for 9 months?
Is there a way to change that through ANZ?
Hi Karinaa. Thanks for your question. This balance transfer promotion is open to new and existing customer who are transferring a balance from a non-ANZ credit card. If you’re transferring the balance from another credit card that isn’t related to ANZ, you’ll be eligible for the promotion. Jacob.
Hi
Can I transfer a family members credit card balance onto this card if my application is successful?
Hi Kerry. Thanks for the question. This page has the information you’re looking for. Jacob.
How long would I have to wait to be able to use the card after approval?
Hi Anielle. It can take up to two weeks after you have been approved before you get your card. Generally it’s about a week. You have to activate your card before you can use it. All you need to do is call the bank. Jacob.
How would i apply for this card ?
I already have a Anz low rate credit card which i got last year and i think it only has 0% for 4 months balance transfer .
Im interested in this promotion, How do i get the 0 for 9 months on my card?
Hi Carina. Thanks for your question. If you’re looking to transfer a balance from a non-ANZ credit card to your Low Rate Credit Card, you can do this; however, you may be subject to a balance transfer processing fee of approx. 1% and the promotional offer may be different. You can close your old account and reapply for the card and get the new offer, but this would involve you opening a new account. Jacob.
Can you transfer a agc creditline balance?
Hi Tania. Thanks for your question. I’m not familiar with AGC? Can you please clarify? ANZ will only allow the transfer of a credit card, store card or charge card to their credit cards. Jacob.
Hi,
I already have the card and currently has a limit of $11500. I also did a balance transfer when I was approved for the card. nevertheless, I would like to transfer another card from another bank, if possible. Can I do that. If yes, will that mean that the current limit will be topped up with the new balance transfer amount? I do hope this is allowable as I find it easy to maintain payments on my ANZ low rate MC. I wish you can allow this.
Hi Ann. Thanks for your question. If you are already an existing ANZ customer, you can transfer a balance to your card under the promotional offer, provided that the card still has that particular promotion running. If you want to transfer another balance to your card, the promotional balance transfer offer will be refreshed for the new amount you wish to transfer, but you would have to make sure that the offer is still available on your card. You can apply for a balance transfer to an existing card through the ANZ website. Let me know if this makes sense. Jacob.
I was wondering if being on single parent pension would stop me from getting this credit card?
Hi Katrina. No, it doesn’t, but you have to meet the minimum income requirements that are outlined on the review and application page. Jacob.
How much balances can you transfer on to this card?
Hi Simone. Thanks for your question. Please check this page for maximum balance transfer limits. Jacob.
Hi there – will the points i have accrued on other card be lost or are they transferrable as well?
HI Natalie. What other card? This card does not allow you to earn points. If you close your old credit card account, you may lose the rewards points too. If you give me the name of the rewards program, I can offer some more information about expiry of rewards points. Jacob.
Can I pay my loan off with the 0% balance transfer?
Hi Gavin. That would be using the feature for purposes other than what it was intended for. Jacob.
Hi There,
If my Balance Transfer application gets approved and I accept the offer, does my existing credit card get cancelled automatically or would I have choice to keep both credit cards?
Thanks for your time in advance.
HI Kaplan. The account will stay open. It’s up to you to close it. This youtube video from Fred explains some good points about balance transfers if your looking for some more information, and let us know if you have any other questions. Thanks.
with a $4000 spend on this card (13.14% ),what is the minimum monthly repayment for month 1,2,3,4,5,6 etc etc given that there were no additional purchases made.
Hi Wayne. Please refer to our credit card repayment calculator to do the sums. Jacob.