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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 TransferApply now for a ANZ Low Rate MasterCard - Balance Transfer Find out more about the 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.


Minimum Income$15,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating RequirementGood
Min Credit Limit$1,000
Max Credit Limit$15,000
Annual Fee$58 p.a.
Minimum Repayment2.00%
Interest Charged FromPurchase 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 AllowedNo

Ask A Question About This Card

Please note: Question moderation is enabled and may delay your question.
There is no need to resubmit your question. Once approved, your question will be public and appear on this page.

Showing 29 Questions

  1. 1

    What is the balance transfer rate after 12 months

  2. 2

    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. 3

    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. 4
    Comment Ronald Crzedinski June 21st, 2011 at 12:32 pm

    What is the credit card limit on the card?

  5. 5
    Comment Lindsay Lancaster June 25th, 2011 at 6:20 pm

    Does transferring car loan debt qualify for 2.9% rate for 12 months?

  6. 6

    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. 7

    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. 8

    Would i be able to transfer an amount of approximately $4000? What factors would contribute to this possibility?

  9. 9

    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. 10

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

    cheers

  11. 11

    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. 12

    Hi Ronald

    Thanks for your question

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

    Cheers

    Jeremy

  13. 13

    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. 14

    Can you transfer funds from this card to a savings account as a balance transfer?

  15. 15

    am i able to transfer two existing credit cards to this one new card?

  16. 16

    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. 17

    Hi Anthony

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

    Cheers
    Jeremy

  18. 18

    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. 19

    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. 20

    Is there anyway that you can apply for this credit card if you earn under $15,000 p.a??

  21. 21

    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. 22

    since its after the 4th of january does the 0% for 3mths on transfers apply??

  23. 23

    Hi Cassie

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

    Cheers

    Jeremy

  24. 24

    Can I consolidate and international (UK) credit card along with an Australian card?
    Thanks

  25. 25

    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. 26

    Hi,
    Can i apply this ANZ Credit card here in singapore with the minimum income of $15,000 p/year?

  27. 27

    What are the disadvantages of this card for travelling?

  28. 28

    Hi,

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

    Cheers
    Jeremy

  29. 29

    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



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