The ANZ Low Rate Visa is ideal for cardholders who want to keep borrowing costs under control. It offers a low purchase interest rate, no annual card fee, up to 55 interest-free days on purchases. For New Zealanders who value simplicity and affordability, it’s a practical low-fee credit card.
ANZ Low Rate Visa: best credit card for lower-interest everyday spending
If your goal is to minimise interest rather than earn points, ANZ Low Rate Visa is an excellent best low-rate credit card. It combines a purchase interest rate of 13.90% p.a. with no annual card fee.
Eligible customers can also transfer balances from selected non-ANZ cards at 1.99% p.a. for the first two years, making it one of the more competitive credit card balance transfer offers available in New Zealand.
Should I get a credit card from ANZ?
ANZ is one of New Zealand’s largest and most established banks. Cardholders also benefit from ANZ goMoney, Internet Banking, fraud monitoring, Visa Zero Liability, Apple Pay and Google Pay, reinforcing ANZ’s reputation as a trusted credit card company.
If you’re wondering “should I get a credit card”, ANZ Low Rate Visa is best suited to people who want lower borrowing costs instead of rewards programmes. It may also appeal to customers looking for predictable fees, digital banking convenience and straightforward credit card features.
How to get a credit card from ANZ?
To obtain an ANZ Low Rate Visa, you’ll need to:
- Be at least 18 years old.
- Receive a regular income.
- Have sufficient disposable income after expenses to meet repayments.
- Be a New Zealand citizen or permanent resident, or hold a work visa issued for two years or longer with at least one year remaining.
- Meet ANZ’s credit card eligibility requirements.
- Provide identification and financial information during the application.
Additional requirements for tertiary students
- Have your income, student allowance or student loan paid into an ANZ account.
- Study full-time at a recognised tertiary institution or NZQA-approved language school with at least six months remaining.
- International students must have at least six months remaining on their student visa.
Apply for credit card
- Visit the official ANZ website.
- Select ANZ Low Rate Visa.
- Complete the online credit card application.
- Provide your identification and income details.
- Review the lending criteria and product conditions.
- Submit your application.
- Wait for ANZ’s lending assessment.
- If approved, activate your card.
- Add your card to Apple Pay or Google Pay if desired.
- Start using your card responsibly.
FAQ
How does ANZ Low Rate Visa interest work?
The card charges 13.90% p.a. on purchases and 20.95% p.a. on cash advances. Eligible purchases receive up to 55 interest-free days when you pay your balance in full by the due date each month.
Promotional balance transfers are charged at 1.99% p.a. for two years, after which the standard purchase interest rate applies to any remaining transferred balance.
How can I increase my ANZ Low Rate Visa limit?
You can request a credit limit increase by contacting ANZ. The bank will review your financial circumstances, repayment history and affordability before deciding whether to approve a higher limit.
How do I pay off my ANZ Low Rate Visa?
Repayments can be made through ANZ Internet Banking, the ANZ goMoney app or other available payment methods. Paying your full statement balance each month allows you to maximise the credit card interest-free period and avoid purchase interest.
How do I cancel a credit card from ANZ?
After paying the outstanding balance in full, contact ANZ to request closure of your account. Once the cancellation has been confirmed, securely destroy your physical card and remove it from any digital wallets linked to the account.