ANZ is one of New Zealand’s largest banks, serving millions of customers with trusted financial products and innovative banking services, making it one of the country’s leading credit card companies.
What you need to know about this credit card
- Purchase interest rate: 13.90% p.a., ANZ’s lowest purchase interest rate.
- Interest-free purchases: Up to 55 days interest free when you pay your balance in full by the due date.
- Minimum credit limit: NZ$500.
- Annual card fee: No annual card fee.
Pros
- No annual fee: Keep your ongoing costs low with no annual card fee.
- Low purchase interest: ANZ’s lowest purchase interest rate helps reduce borrowing costs.
- Balance transfer offer: Transfer eligible balances at 1.99% p.a. for the first two years, subject to rates, fees and conditions.
- Earn cashback: Receive cashback at participating retailers through ANZ Loop.
- Digital banking features: Manage your card through ANZ goMoney, Internet Banking, Apple Pay and Google Pay.
Cons
- No rewards programme: This card focuses on lower costs rather than travel or rewards points.
- Standard interest applies after promotions: Promotional balance transfer rates expire after two years, after which the standard purchase rate applies to any remaining transferred balance.
Why choose ANZ for your credit card?
Compared with Gem Visa, ANZ Low Rate Visa combines no-fee credit cards features with one of the lowest purchase interest rates available from ANZ.
Unlike Westpac Fee Free Mastercard, this low-rate Visa credit card also includes a competitive balance transfer offer for eligible customers.
Compared with Kiwibank Zero Visa, ANZ Low Rate Visa provides cashback opportunities through ANZ Loop while keeping annual fees at zero.
While BNZ Advantage Visa offers rewards, ANZ Low Rate Visa is better suited to customers looking for a best low-rate credit card with lower ongoing borrowing costs.
Compared with ASB Visa Light, ANZ Low Rate Visa combines a lower minimum credit limit with cashback offers, making it an attractive New Zealand credit card for everyday spending.
How to apply for your ANZ Low Rate Visa
Complete your credit card application online, confirm your credit card eligibility, and submit the required income and identification details to start your application with ANZ.