ANZ Low Rate Credit Card Review (2026)
Rates and details verified 17 May 2026
Rates can change without notice. Last verified: 17 May 2026 (AEST). Please confirm details on the bank’s official page.
Purchase rate
13.74%
p.a. variable
Annual fee
$58
no monthly fee
Interest-free days
55
when balance paid in full
How the ANZ Low Rate Card Works
The ANZ Low Rate credit card is ANZ's entry-level low-interest card, charging 13.74% p.a. on purchases — the same rate as the Westpac Low Rate Card, but with a marginally lower annual fee of $58 versus $59.
It's a simple, no-frills card with no rewards program. ANZ periodically offers balance transfer promotions on this card — check their website for the current offer, as these change regularly.
Key Rates and Fees
| Feature | Detail |
|---|---|
| Purchase rate | 13.74% p.a. variable |
| Annual fee | $58/year |
| Interest-free days | Up to 55 days on purchases |
| Balance transfer | Check ANZ's website for current offer |
| Rewards | None |
Rates as at 17 May 2026. Check ANZ's website for the latest rates and any current balance transfer offers.
Pros and Cons
Pros
- ✓ $58/year — lower fee than NAB ($99) and Westpac ($59)
- ✓ Up to 55 interest-free days
- ✓ Major bank — ANZ app, branches, and customer service
- ✓ Periodic balance transfer offers available
Cons
- ✗ 13.74% p.a. — higher than CommBank (from 10.99%) and Bankwest (12.99%)
- ✗ No rewards, cashback, or travel benefits
- ✗ Balance transfer offers not permanent — check availability
How It Compares
- CommBank Low Rate: 10.99–15.99% (personalised), $72/year
- Bankwest Breeze Classic: 12.99% (fixed), $49/year — 0% BT 24 months
- NAB Low Rate: 13.49% (fixed), $99/year (waived yr1)
- ANZ Low Rate: 13.74% (fixed), $58/year
- Westpac Low Rate: 13.74% (fixed), $59/year
ANZ and Westpac share the same rate. ANZ's $58 fee is $1 cheaper than Westpac's $59 — a negligible difference. The deciding factor is likely your existing banking relationship or any current balance transfer offer.
FAQs
What is the purchase rate?
13.74% p.a. variable — ANZ's lowest rate credit card.
What is the annual fee?
$58 per year. No monthly fee.
Is there a balance transfer offer?
ANZ periodically runs balance transfer promotions on this card. Check ANZ's website for the current offer.
Information is general in nature and may change without notice. Details verified 17 May 2026. Confirm current rates, fees, and eligibility on ANZ's website before applying. This is not financial advice.