How to Apply for Your ANZ Low Rate Credit Card
The ANZ Low Rate credit card has a standard purchase interest rate of 13.74% p.a. and an annual fee of A$58. Cash advances and standard balance transfers are charged at 23.49% p.a. Rates and fees can change.
This guide explains the requirements, repayment conditions and steps to review before applying through ANZ. The card does not earn ANZ Reward Points or Qantas Points and includes no complimentary insurance.
History of ANZ Bank
ANZ Bank, formally known as Australia and New Zealand Banking Group Limited, is one of the largest and most well-established financial institutions in Australia. Founded in 1835, ANZ has a rich history of providing comprehensive banking services. Over the decades, ANZ has grown through mergers and acquisitions, expanding its reach across the Asia-Pacific region and beyond.
Today, ANZ serves millions of customers worldwide, offering a wide range of financial products and services, including personal banking, business banking, and wealth management solutions. The bank’s commitment to innovation and customer service has solidified its reputation as a trusted financial partner.
Features and limitations of ANZ Low Rate
Purchase interest rate
The standard purchase rate is 13.74% p.a. This rate does not apply to cash advances or standard balance transfers, which are 23.49% p.a. Compare total borrowing costs, including the annual fee, before choosing a card.
No points or complimentary insurance
ANZ lists no ANZ Reward or Qantas Point benefits and no complimentary insurances for this card. It does not include purchase-protection insurance against loss, theft or damage to goods.
Fraud monitoring and account access
ANZ Falcon provides 24/7 anti-fraud monitoring and ANZ may contact you about unusual transactions. This protection is different from insurance for purchased goods. You can manage the account through ANZ’s online and mobile banking services and use compatible digital wallets.
Repayment conditions and new-card offers
Flexible Payment Options
You must pay at least the minimum repayment shown on your statement by its due date. Paying only the minimum can leave you paying interest for longer. Up to 55 interest-free days apply to eligible purchases only when you pay the full Closing Balance, or Adjusted Closing Balance where applicable, by the due date. Cash advances do not receive this purchase interest-free period.
Special Offers
ANZ currently advertises a balance transfer offer of 0% p.a. for 26 months, with a 3% transfer fee and no annual fee in the first year. The promotional period starts on the date of the Letter of Offer, not when the transfer is processed. The current annual fee is A$58 after the first year, and any remaining promotional balance reverts to the standard balance transfer rate, currently 23.49% p.a. Eligible transfers must be requested with the application from Australian non-ANZ credit or store cards, subject to the approved limit. ANZ processes transfers and applicable fees up to 95% of that limit.
A separate offer provides A$400 credit back after A$5,000 in eligible purchases in the first six months from approval. Exclusions apply, including fees, cash advances, balance transfers, gambling transactions and refunded purchases. The credit does not replace required repayments. These offers are for eligible new and approved applicants, are limited to one offer per applicant, and may change or end. Check the selected offer on ANZ’s website; do not assume the two offers can be combined.
Eligibility for the ANZ Low Rate Credit Card
Application Criteria
Applicants must be at least 18 and be an Australian or New Zealand citizen, a permanent resident, or have more than 12 months remaining on their visa. ANZ requests information about income, expenses, liabilities and assets, plus proof of identity. Applications are subject to ANZ’s credit approval criteria; meeting the basic eligibility conditions does not guarantee approval or a particular credit limit.
Interest Rates
The standard purchase rate is 13.74% p.a. Cash advances and standard balance transfers have a higher rate of 23.49% p.a. A promotional balance transfer rate applies only when its specific offer conditions are met.
How to Apply
Application Process
Applying for the ANZ Low Rate credit card is a straightforward process designed to be user-friendly and efficient. Here’s a detailed guide to help you through the application:
- Visit the ANZ Website: Begin by visiting the ANZ official website. Navigate to the credit cards section and find the ANZ Low Rate credit card page. This page contains detailed information about the card’s features, benefits, and terms.
- Navigate to the Application Page: Once on the ANZ Low Rate credit card page, click on the “Apply Now” button. This button is usually prominently displayed to guide applicants to the next step.
- Complete the Application Form: You will be redirected to an online application form. This form will require you to fill out your personal details, including your full name, date of birth, and contact information. Additionally, you will need to provide financial details such as your income, employment status, and any existing debts or liabilities. Ensure that all the information provided is accurate to avoid any delays in the processing of your application.
- Review and Submit: After filling out the necessary information, review the form carefully to ensure all details are correct. This step is crucial to avoid errors that could delay your application. Once you are satisfied with the information provided, submit the application.
- Wait for a Response: After submission, ANZ will review your application. The bank may contact you for additional information or documentation if needed. The response time can vary, but ANZ typically aims to process applications promptly. You will be notified of the outcome via email or phone.
Additional Tips for a Smooth Application
- Check Eligibility: Before applying, ensure you meet the eligibility criteria for the ANZ Low Rate credit card. This includes age, residency, and income requirements.
- Gather Necessary Documents: Having your identification, proof of income, and other required documents ready can expedite the application process.
- Credit History: A good credit history can enhance your chances of approval. Ensure your credit report is accurate and dispute any errors before applying.
Check the information and conditions carefully before submitting. ANZ decides whether to approve your application. If its online application does not load, use the contact options on the official product page; this guide does not confirm that the application form will work on every device.
CHECK DETAILS AND APPLY ON ANZ’S WEBSITE
Rates and fees
| Feature | Details |
|---|---|
| Minimum credit limit | $1,000 |
| Interest-free days on purchases | Up to 55 days |
| Standard purchase rate | 13.74% p.a. |
| Cash advance rate | 23.49% p.a. |
| Balance transfer rate | 23.49% p.a. |
| Promotional balance transfer rate | Promotional interest rate on balance transfers with new card offer |
| Annual fee | A$58 annual fee |
| Additional cardholders | Up to 3 additional cardholders; no cost for additional cardholders |
Is this card suitable for you?
Compare the purchase rate and A$58 annual fee with how you use credit. If you repay eligible purchases in full each month, an alternative with a lower annual fee may cost less. If you carry a balance, compare interest costs as well as fees. Paying the minimum does not clear the debt quickly or preserve purchase interest-free days.
Choose another product if you need a points program or complimentary insurance. For a balance transfer, plan repayments before the promotional period ends and include the transfer fee in your comparison.
Customer Service
ANZ offers multiple channels for customer service, ensuring that cardholders can get the support they need. These include:
- Phone: ANZ lists 13 22 73 for eligibility questions on its product page. Use its current contact options for application or account support.
- Website: ANZ website.
- Contact options: Check the official ANZ website for current support and callback options.
- Mobile App: Manage your credit card and account on the go with the ANZ app.
This website provides independent information and is not ANZ. Product details were checked against ANZ on 29 October 2026. Confirm current terms, fees and eligibility with the bank before applying.
For more information and to discover other credit cards tailored for Australians, visit our website.
About the author
As a journalist passionate about digital content, I create strategic texts for various niches. I believe in the power of clear and accessible information, and my goal is to simplify complex topics while promoting free access to knowledge that can improve people’s everyday lives.
