ANZ
Enjoy 0% p.a. interest on balance transfers for 26 months and pay $0 annual fee your first year with the ANZ Low Rate Card. Great for consolidating debts with peace of mind.
Introduction to the ANZ Low Rate Credit Card Offer
The ANZ Low Rate Credit Card currently stands out with its 0% p.a. balance transfer rate for 26 months. Applicants also receive a $0 annual fee for the first year. After the intro period, the standard balance transfer rate is 21.99% p.a. and an annual fee of $58 applies from the second year onward. Applicants need to be new cardholders, and a one-time 3% balance transfer fee is charged. The offer suits those seeking to consolidate existing debts and minimise interest over a long period.
So bewerben Sie sich: Schritt für Schritt
Getting started with the ANZ Low Rate Card is straightforward. First, check your eligibility for a balance transfer and ensure you meet the requirements as a new applicant. Submit an online application with your identification and financial information. Once approved, set up the balance transfer request (from a non-ANZ card only) as part of your application. Following card activation, your balance is usually transferred within 3-15 business days. Finally, take advantage of the 0% p.a. promo period and enjoy the initial $0 annual fee.
Pros of the ANZ Low Rate Credit Card
One of the biggest drawcards is the lengthy 0% p.a. balance transfer rate for 26 months, offering relief from interest as you repay your debt. There is also a $0 annual fee in the first year, making it more affordable to consolidate your outstanding balances. ANZ’s 24/7 anti-fraud protection adds to peace of mind. Flexible repayment options, including ANZ Instalment Plans, let you manage your repayments efficiently.
Cons of the ANZ Low Rate Credit Card
This offer is only available to new applicants and only for transfers from non-ANZ credit or store cards. There is a one-time 3% balance transfer fee. After the promo, the revert rate is a high 21.99% p.a. on any unpaid balance. There is also a $58 annual fee from the second year onward, which is something to consider if you plan to keep the card long-term.
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The ANZ Low Rate Credit Card is very appealing for those looking to clear debt thanks to a 26-month 0% p.a. balance transfer offer and no annual fee in year one. Just weigh up the balance transfer fees and reversion rates before applying. Overall, it’s a strong contender for Australians seeking major debt relief through balance transfers.
