ANZ Low Rate Platinum Credit Card – Details and Apply Online

Information verified correct on September 27th, 2016
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The ANZ Low Rate Platinum Credit Card combines a long term balance transfer offer of 0% p.a. for 18 months with platinum card benefits including complimentary travel insurance and 24/7 personal concierge.

Get approval from ANZ for their Low Rate Platinum Card, and you can eliminate the interest payments on your other card balances. Transfer any existing balances from your other non-ANZ credit and store cards to this one, and pay no interest for the first 18 months. A standard balance transfer rate of 21.74% p.a. will be applied after the promotional period (3% balance transfer fee applies). This is an easy way to knock some debt and get a low rate card to make your purchases with.

Product NameANZ Low Rate Platinum 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 (21.74% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)13.49% p.a.
Annual fee$99 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 55 days on purchases
Cash advance rate (p.a.)21.74% 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.
$6,000
Minimum Income$35,000
Card TypeMasterCard
Late Payment Fee$20
Foreign Currency Conversion Fee (MC)3% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsNo
Minimum Income$35,000
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.
$6,000
Annual Fee$99 p.a.
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 (MC)3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders9
BPAYYes
ChequeYes
Direct DebitYes
Australia PostNo
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes
Pros
  • A 0% p.a. rate is applied for balance transfers for the first 18 months.
  • Enjoy an interest-free period on your purchases of up to 55 days if you settle the outstanding balance every month.
  • Provides a low interest rate of 13.49% p.a. on purchases
Cons
  • A $35,000 minimum income is required per year.
  • An annual fee of $99 has to be paid for this card.
  • A 3% p.a. balance transfer fee applies.

ANZ Low Rate Platinum Credit Card review

With the ANZ Low Rate Platinum Card you get all the benefits of having a platinum card, without the higher rates and fees that typically go with it. There is a $99 annual fee and an interest rate of 13.49% p.a. Plus you have the buying advantage that comes with MasterCard, one of the most widely accepted credit cards in the world.

Australians with existing credit card debt will find the 18 month balance transfer option very helpful in taking it down. For a 3% transfer fee, you pay no interest on that portion of your balance during the allocated time. Any portion of the balance left over after 18 months will be charged at the standard balance transfer rate of 21.74% p.a.

Benefits of ANZ Low Rate Platinum Credit Card

Compare the benefits of a variety of platinum cards to make sure you choose the right one for your circumstance. When it comes to the ANZ Low Rate Platinum Card, these benefits should stand out:

  • Balance transfer. The balance transfer offer is only for a limited time, so you do need to act fast. If you are approved, you can transfer your balances and pay 0% p.a. for 18 months with 3% balance transfer fee. This offer is not applicable for balances held with other ANZ accounts. You can transfer up to 95% of your available balance and any unpaid balance at the end of 18 months will revert to the standard balance transfer rate of 21.74% p.a. It is important to note that if you do take advantage of this offer, your purchases will not be eligible for the 55 day interest-free period.
  • Low rate MasterCard. The 13.49% p.a. interest rate applied to purchases is competitive with the market, plus you are given up to 55 days after making the purchase before interest is applied. These interest-free days are only valid if you do not carry any balance on the card, including those from a balance transfer.
  • Platinum MasterCard privileges. Carrying platinum does have its perks. You will have access to exclusive discounts on luxury spa retreats, car rentals, hotels and VIP access to just name a few. The card is also equipped with complimentary insurance for your purchases and for travellers. Purchase protections include an extended warranty and a 21 day best price guarantee. This means if you find an item purchased with the ANZ card somewhere else for cheaper within 21 days, the difference in price will be refunded to you. Any purchase made with your ANZ platinum card is protected for 90 days from theft, loss, or breakage.
  • Complimentary travel insurance. Travellers can take comfort in knowing they are covered for emergency medical and dental care while traveling overseas, and travel cancellations or lost luggage while travelling inside of Australia. You will also be protected from excessive rental car fees if you hire a vehicle from a major car rental company in Australia.
  • Mobile payment technology. Apple Pay and Android Pay let you use your Apple or Android device to tap and pay with your eligible ANZ credit card.

ANZ Low Rate Platinum Credit Card features

In addition to looking at the benefits of different credit cards, you should also be comparing common features such as:

  • Annual fee. You are charged $99 for the Platinum MasterCard from ANZ. This charge will typically appear on your first statement, and then yearly for as long as you have the account open. If not paid in full, the fee will be charged the purchase interest rate of 13.49% p.a.
  • PayPass. This feature allows you to pay at check-out for purchases under $100 simply by tapping your card against the terminal.
  • Additional cardholders. Add up to 9 additional cardholders to the account for a fee of $0 each.
  • Purchase rate. A low ongoing purchase rate of 13.49% p.a.
  • Platinum perks. As a Platinum cardholder you have access to your own personal concierge. This concierge is available to assist you at any time of the day or night, no matter where in the world you are, and will assist in organising and booking tickets, tours, transport and a range of other activities.

How to apply for the ANZ Low Rate Platinum Credit Card

ANZ makes it easy to get your ANZ Platinum Card in time to qualify for the balance transfer offer by letting you fill out the application online. This should take about ten minutes to complete, and once submitted ANZ will contact you to confirm its status.

Eligibility criteria

  • Be at least 18 years of age
  • Earn a minimum of $35,000 a year before taxes
  • Have a good credit history
  • Be a permanent resident of Australia, or have a working, business, investor, student or special category visa (New Zealand citizens) with at least nine months remaining from the date of application.

Required documents

  • Identifying document such as your driver’s licence or passport
  • Employer details or accountant details if you are self-employed
  • A list of your income and assets
  • Your liabilities and any debt related payments you make regularly

There is a lot to consider when looking at the ANZ Low Rate Platinum credit card. Not only are you getting the advantages of a platinum MasterCard, you are able to enjoy those with rates and fees that are lower than what you would expect. Plus with the balance transfer offer, you have the chance to consolidate your debts, giving you more cash on hand and the chance to remedy your credit history.

Frequently asked questions

What will my credit limit be with the ANZ Low Rate Platinum?

The minimum credit limit offered with the Low Rate Platinum is $6,000. If you do not qualify, you can apply for the ANZ Low Rate, which requires a minimum yearly salary of $15,000, lower annual fee, and a minimum credit limit of $1,000.

If I have a balance transfer balance and a purchase balance, where are my payments applied to first?

Payments on credit cards that have been activated after the 1st of July, 2012 will always be applied to the balance which has the highest rate of interest first. During the 18 month period where you have no interest on your transferred balance, payments will be applied first to any cash advances (21.74% p.a.), then purchases (13.49% p.a.) and lastly your balance transfer. In order to pay that off before the 18 month period ends, you will need to make monthly payments that are greater than the combined balance of any cash advances and purchases.

If I don’t pay off my balance transfer, how much interest will be applied?

The interest rate will revert to the purchase rate, currently 13.49% p.a.

Are there any interest-free days with this card?

There are up to 55 days interest-free, but only if there is no outstanding balance (including balance transfers) on the card.

How can I activate the complimentary travel insurance?

To activate the complimentary international travel insurance, you need to purchase at least a minimum of $250 of your prepaid travel expenses on the ANZ Low Rate Platinum Credit Card. You also need to hold a return overseas travel ticket, be a permanent Australian resident (or visa holder) and be under the age of 80.

Are additional card holders covered by the travel insurance?

Yes, as long as the conditions above are met and tickets are purchased by any of the credit cards attached on the account the additional account holder/holders will be covered by the complimentary travel insurance.

Tip: remember to get in contact with ANZ and your travel dates, this will ensure your travel insurance is activated and also that your credit card isn’t frozen (due to unusual activity) if you decide to use it overseas.

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38 Responses to ANZ Low Rate Platinum Credit Card – Details and Apply Online

  1. Default Gravatar
    venkat | February 2, 2016

    If I would like to pay off my gas & electricity bills (say $1500), car loan repayment of $300 & some shop purchases (say $2000) = $3800 in a month(rather within the statement period) using this card and transfer this amount within intro period say 40 days from my debit card, can I get interest free facility? or I need to pay cash loan interest for the bills- Can you please clarify?

    • Staff
      Jonathan | February 3, 2016

      Hi Venkat, thanks for your inquiry!

      To clarify your situation, balance transfers/ transferring an amount from a debit card to a credit card is not eligible. If the debt amounts that you have mentioned belong to a credit card then you can request for them to be transferred to the ANZ Low Rate Platinum credit card.
      Transferring your car loan repayment (qualifies as a personal loan) will require that you balance transfer to a Citi or Virgin credit card as they are the only banks that allow this type of balance transfer, you can compare their balance transfer credit cards here.

      I hope this helps.

      Cheers,

      Jonathan

  2. Default Gravatar
    Sandie | November 9, 2015

    Hi,
    Can this card be in joint names or is it a single applicant with an extra card (for my spouse)?
    Thanks
    Sandie

    • Staff
      Jonathan | November 9, 2015

      Hi Sandie, thanks for your inquiry!

      Unfortunately ANZ does not allow joint-accounts. You can compare banks/ providers who allow joint-account credit cards here.

      Cheers,

      Jonathan

  3. Default Gravatar
    Sandie | November 9, 2015

    Hello,
    I intend to use the credit card for bills/everyday expenses. Can you please tell me whether bills are considered purchases or as cash advances. I would also like to know whether direct debit payments from the credit card account to regular billers (fortnightly or monthly payments of the same amount each time) are deemed purchases or cash advance.

    Thanks very much,
    Sandie

    • Staff
      Jonathan | November 9, 2015

      Hi Sandie, thanks for your inquiry!

      Purchases are when a good or service is exchanged, bills can be considered purchases when using BPAY. Unfortunately we are unable to be absolute on this detail, as this depends on the merchant/ companies agreement with the bank. As per ANZ’s terms and conditions “This is dependent upon how the biller is set up with the BPAY® billing service. The biller has the option of accepting a credit card as a method of payment. If the biller chooses to accept, the bill payment is processed as a purchase.”

      I hope this has helped. For further clarification it is key to contact your biller directly.

      Cheers,

      Jonathan

  4. Default Gravatar
    James | September 21, 2015

    Hi

    I have three Credit Cards that I would like to do a balance transfer on, however, the application will only allow two. Is there a limit on how many credit cards this particular card/offer will allow/

    Thanks
    james

    • Staff
      Jonathan | September 23, 2015

      Hi James, thanks for your inquiry!

      You can balance transfer as many cards providing that the total balance transfer amount falls within 95% of the available credit limit. To request more than 2 credit cards you will have to contact ANZ’s Balance transfer team on 1800 007 511.

      Cheers,

      Jonathan

  5. Default Gravatar
    Lisa | April 9, 2015

    Can I transfer my husband’s credit card balance to this one if I will be the primary card holder for the new card?

    • Staff
      Jonathan | April 9, 2015

      Hi Lisa, thanks for your inquiry!

      ANZ allows the transfer between two people’s names. As long as your balance transfer amount is within 95% of the approved credit limit and you meet the application criteria you will be able to apply for this card/ promotion.

      Cheers,

      Jonathan

  6. Default Gravatar
    Abu | February 17, 2015

    Hi,

    I already have a anz visa platinum credit card and i did BT last year in august. I have now fully paid by credit card. Can i switch my card to low rate anz platinum master card and get another BT from another bank credit card?

    Please advise

    • Staff
      Jonathan | February 18, 2015

      Hi Abu, thanks for your inquiry!

      Unfortunately this offer is only available to new ANZ Low Rate cardholders, so as an existing cardholder you’ll be unable to apply.

      I hope this has helped.

      Thanks,

      Jonathan

  7. Default Gravatar
    Simi | November 19, 2014

    Hi ,

    I already made a balance transfer this year in July with ANZ – low rate card, can I apply for another balance transfer – ANZ low card rate? or are there chances of getting this application rejected because of the 1 existing balance transfer approved in last 3 months.

    Please advise ASAP.

    Thanks,
    Seema

    • Staff
      Elizabeth | November 19, 2014

      Hi Simi,

      Thanks for your question.

      Unfortunately this offer is only available to new ANZ Low Rate cardholders, so as an existing cardholder you’ll be unable to apply.

      I hope this has helped.

      Thanks,

      Elizabeth

  8. Default Gravatar
    nick | October 15, 2014

    what is the maximum credit limit available on this particular card???

    • Staff
      Elizabeth | October 15, 2014

      Hi Nick,

      Thanks for your question.

      There’s no set maximum limit on this card, with the amount you’re approved for being determined by your individual financial situation.

      Hope this has helped.

      Thanks,

      Elizabeth

  9. Default Gravatar
    imbails | September 8, 2014

    what is the maximum credit transfer to this account?

    • Staff
      Shirley | September 8, 2014

      Hi Imbails,

      Thanks for your question

      The maximum is 95% of the approved credit limit.

      Cheers,
      Shirley

  10. Default Gravatar
    Narsimha | September 1, 2014

    How much should I pay for the transfer from other bank’s credit card for each month with starting date ?

    • Staff
      Shirley | September 2, 2014

      Hi Narsimha,

      Thanks for your question.

      Please use our credit card repayment calculator to give you an indication. Be mindful that you’re also required to make minimum repayments.

      Cheers,
      Shirley

Credit Cards Comparison

Rates last updated September 27th, 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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