FEATURES SUMMARY

• Annual fee: $58
• Purchase rate: 12.49% p.a.
• Cash Advance rate: 20.74% p.a.
• Balance Transfer rate: 2.99% p.a. first 6 months (12.49% p.a.)
• Interest-free days: Up to 55

• Extras:
  • Apply online
  • Design your own card
  • Phone/Internet banking
  • MasterCard Applause service
  • 3 additional card holders free

Never had a credit card? Or you do have one, but you tend to go a little crazy when it comes to spending? Or just looking for a cheap as chips interest and balance transfer rate?

If you answered yes to any of those questions, the ANZ Low Rate Visa is a great option for you. An interest rate of 12.49% p.a.* means bills can be kept under control pretty easily. Just make sure you resist the urge to get cash out too often from this card as the interest rate on cash advances is significantly higher, at 20.74% p.a.*

Moving a balance from an existing credit card to the ANZ Low Rate Visa is a stress-free process that’s easy on your wallet. It has an extremely low introductory interest rate of 2.99% p.a.* on balance transfers, which unlike other cards is still low after the 6 month introductory offer expires (12.49% p.a.*).

So even though its annual fee of $58 sits in the middle of the range, it makes up for it with up to 55 days interest free* and its low interest rates on purchases and balance transfers (which translate to some big savings on your monthly bills). As a result this credit card comes highly recommended by The Credit Card Guide, and is third overall in the Editor’s Choice category, as well as 3rd in the Interest Free category.

See all our top credit card picks in the Editor’s Choice category

FEATURES SUMMARY

• Annual fee: $87
• Purchase rate: 18.24% p.a.
• Cash Advance rate: 19.99% p.a.
• Balance Transfer rate: 2.99% p.a. first 6 months (18.24% p.a.)
• Interest-free days: Up to 55

• Extras:
  • Apply online
  • Phone internet banking
  • Up to 9 additional cardholders
  • Visa Entertainment benefits
  • Worldwide emergency card replacement

The ANZ Gold Credit Card offers much the same benefits as the ANZ Frequent Flyer Platinum credit card without the huge price tag, enabling it to come in second in the Editor’s Choice – Gold credit cards category. At just $87 a year it is even cheaper than the standard ANZ Frequent Flyer card.

While it is not the cheapest credit card on offer from ANZ in terms of its interest rate (18.24% p.a.*), it has a number of features that make it stand out from the rest, and also give it the title of #1 Editor’s Choice in the Gold Credit Cards Category. One  example of why it is the leader in this category is a great introductory offer on balance transfers.

At just 2.99% p.a. for the first 6 months*, a small balance transfer could be paid off at a much cheaper rate than what you would normally be paying for that balance on a different credit card. The only catch is that you have to apply for your transfer at the same time as you apply for the Gold credit card.

Not a major, but if the balance transfer is one of your motives for getting this card then forgetting to do this will mean you’ll be paying 18.24% p.a.* instead of 2.99% p.a. for the first 6 months.

The ANZ Gold card also includes the following travel insurance benefits:

- 90-day purchase security (after the expiry of the product warranty)*
- Overseas medical and travel insurance*
- Commission free travelers cheques*

This card sits on the middle of the scale in terms of price, but makes up for any price-related concerns you may have by having very reasonable rates for pretty much all of its features, rather than just focusing on one, like a lot of other credit cards tend to do.

See our top credit card picks in the Editor’s Choice category

FEATURES SUMMARY

• Annual fee: $48
• Purchase rate: 18.74% p.a.
• Cash Advance rate: 19.99% p.a.
• Balance Transfer rate: 2.99% p.a. first 6 months (18.74%)
• Interest-free days: Up to 44

• Extras:
  • Rewards
  • Apply online
  • Phone/Internet banking
  • Visa Entertainment benefits
  • Worldwide emergency credit card replacement

Looking for a credit card with a rewards program that caters for the whole family? Well you’ve come to the right place.

When you make purchases using your Rewards Visa you’ll earn one point for every $1.50 you spend (up to $50,000). Points can be redeemed for holiday perks (through a number of airlines), cash back, electronics, adventure activities, movie tickets, vouchers, and even kitchen appliances.

Just remember that unfortunately, any rewards points earned on this card expire after 36 months (3 years) so you need to make sure you redeem your points before this happens!

While the interest rate on purchases is quite high at 17.99% p.a., the annual fee is still relatively low ($48) compared to other rewards cards. No doubt these costs are applied to the ANZ Rewards Visa in order to account for the huge range of rewards on offer.

With an introductory offer of 2.99% p.a., the balance transfer rate for the ANZ Balance Visa is very affordable. So if you are looking for a good balance transfer rate then this card is one of a number of good options and comes highly recommended.

While it is similar to the ANZ Frequent Flyers credit card there is much more to choose from with the ANZ Rewards Visa, and with so much flexibility you sure to find a reward that tickles your fancy.

See all our top credit card picks in the Editor’s Choice category