- Cashback: Get $250 credit back to your new card when you spend $1500 in the first 3 months from approval. T&Cs apply.
- OR Choose the ANZ Low Rate - Balance Transfer offer to get 26 months interest-free on your balance transfer (3% balance transfer fee applies). T&Cs apply.
- Low fees: Just $58 per year and 13.74% p.a. interest rate
- Discounts and rewards: Earn rewards and use discounts at over 2000 retailers through ANZ Cashrewards
- Extras: Add up to 3 free additional cardholders
- Easy to use: Syncs with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.
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ANZ Credit Cards
ANZ Low Rate Credit Card – Cashback Offer
Updated 5 March 2025
The ANZ Low Rate credit card is a low interest-rate card with a good introductory offer: $250 credited to your card when you spend $1500 within the first 3 months from approval plus $58 p.a annual fee. This card helps keep costs down and even puts money back in your pocket with its bonus offer.
*T&Cs, eligibility and spend criteria, fees and charges apply (including an annual fee, currently $58 ).
Purchase Rate (p.a)
13.74%
Annual Fee (p.a)
$58
Pros and cons
- No rewards or points benefits earned on the card (only through ANZ Cashrewards)
- No complimentary insurances
Creditcard.com.au review
Editor Review
ANZ Low Rate Credit Card – Cashback Offer
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The ANZ Low Rate Credit Card - Cashback Offer
If you’re looking for a simple, affordable credit card, the ANZ Low Rate credit card delivers well. It charges a low interest rate plus a nice straight-into-the-pocket cashback offer that can help pay the bills or something a little more fun.
⭐The ANZ Low Rate card has two introductory offers to choose from: here, we're reviewing the card and its Cashback Offer. If you're interested in getting 26 months interest-free on a balance transfer instead, you can see our review of the ANZ Low Rate credit card - Balance Transfer Offer (same card, different introductory bonus). With the balance transfer offer, you'll get 0% balance transfer for 26 months (T&Cs apply).Important points to keep in mind: fees, cash advances, cash equivalent transactions, balance transfers, transactions for gambling or gaming purposes, and reversed or refunded transactions are not considered eligible purchases. Your account must also be in good standing and with no repayments overdue to qualify for the cashback offer.
The ANZ Low Rate card doesn't have many bells and whistles, but delivers exactly what it needs to for a low-cost, low-rate credit card.
What we love...
The standout for this card is its affordability. Credit cards with platinum packages and high-earning rewards programs usually come with higher annual fees and eye-watering interest rates, which doesn't suit everyone - especially if your goal is to have the card as a rainy day fund, a first-time card or just an easy way to build your credit score.
The ANZ Low Rate Credit Card doesn’t provide any show-stopping features, but it does have one ace up its sleeve. As a cardholder, you'll get a very low purchase rate and a low annual fee, while still having access to credit and a decent set of basic features.
Right now, the ANZ Low Rate card comes with two introductory offers - a $250 cashback offer, and a 0% balance transfer offer for 26 months. To see the balance transfer offer, check out our review here.
Earning your $250 cashback is straightforward: once your card is activated and you've spent $1500 on your eligible transactions card in the first 3 months, you'll have $250 credited back to your card account.
What’s not so great...
Being a fairly no-frills card, the ANZ Low Rate card doesn't have many complicated offers and features with a ton of scary fine print. Just make sure you know what constitutes 'eligible purchases' to meet the cashback criteria (ie, general day-to-day shopping is usually eligible, but not government payments or fees).
⚠ My big warning would be balance transfers. If you transfer a balance you'll be charged 21.99% from day one, plus a 3% balance transfer fee. If you're looking for ways to pay off your debt, you might be better off looking at the ANZ Low Rate - Balance Transfer Offer, which is the same card with a different introductory offer of 26 months interest-free on balance transfers.
This is a simple card, which you might see as a downside if you're looking for a credit card packed with extras. But, if your goal is to have a simple, affordable card (and you'd like to make a little extra, too) the ANZ Low Rate Credit Card with the Cashback Offer does tick plenty of boxes.
Why should you choose this card?
Aside from its low purchase rate and annual fee, this card offers some extras that you’ll appreciate.
ANZ has teamed up with Cashrewards, which allows you to earn rewards at over 2,000 participating retailers. It's a way of earning freebies without owning a rewards credit card, which is a nice little side perk.
This card also provides worldwide emergency card replacement, up to 55 days interest-free on purchases, and up to three free additional cardholders. To apply, you'll need to be an Australian or New Zealand citizen, a permanent resident, or have more than 12 months left on your isa.
In terms of security, ANZ offers its cardholders ANZ Fraud Money Back Guarantee and 24/7 Falcon fraud monitoring, which monitors your transactions for suspicious activity.
Overall Rating
The ANZ Low Rate Credit Card - Cashback Offer is a simple, low-interest card with two introductory offers - the $250 credit back to your new card I've outlined here, OR the 0% p.a. balance transfer rate for a 30-month promotional period (which you can see here). You'll pay $58 annual fee. It's a very decent card if you're looking for an emergency fund in your pocket, if you're new to credit cards or just want to use a credit card without paying a big annual fee. The cashback is a nice bonus, too.
User reviews
Rates and fees
Interest rates
Purchase rate 13.74% p.a.
Cash advance rate 21.99% p.a.
Interest free period on purchases up to 55 days
Credit limits
Minimum credit limit $1,000
Maximum credit limit N/A
Fees & repayments
Annual fee $58 p.a.
Additional cardholder fee Up to 3 at no extra cost
Foreign transaction fee 3%
Minimum repayment 2% or $25, whichever is greater
Cash advance fee Consumer: 3% (in Australia); 3% of the amount or $4, whichever is greater (for overseas); Commercial: 1.50% or $1.50 whichever is greater
Late payment fee $20
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Eligible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.
Overview
ANZ Low Rate Credit Card – Cashback Offer
A good option if you’re looking for a simple, everyday credit card with low ongoing costs and a low interest rate, the ANZ Low Rate card also comes with a bonus $250 back to your new ANZ Low Rate credit card when you spend $1,500 in the first 3 months from approval. You’ll get up to 55 days interest-free on purchases and up to 3 free additional cardholders.
Key features
- Get $250 credit back to your new card when you spend $1,500 in the first 3 months from approval. T&Cs apply.
- OR Choose the ANZ Low Rate - Balance Transfer offer to get 26 months interest-free on your balance transfer (3% balance transfer fee applies). T&Cs apply.
- Pay $58 annual fee.
- Low purchase rate of 13.74% p.a.
- Up to 55 days interest-free period on purchases
- Up to 3 free additional cardholders on the account.
- Falcon transaction monitoring
- Fraud Money Back Guarantee
- Visa payWave for quick transactions under $100
- Worldwide card replacement in emergencies
- Eligible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Australian or New Zealand citizen, permanent resident or have more than 12 months left on your visa
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
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