FEATURES SUMMARY

• Annual fee: $0 for 1st year, then $30 p.a.
• Purchase rate: 18.99% p.a.
• Cash Advance rate: 20.74% p.a.
• Balance Transfer rate: 7.99% p.a. for first 6 months p.a
• Interest-free days: Up to 44 days

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

The ANZ First Visa is a great card to get if you are new to the world of credit cards. It’s a straight-forward source of credit without all the bells and whistles of other credit cards, which means a low annual fee of just $0 for 1st yr, then $30 p.a. (which is waived for the first year).

It includes up to 44 days interest free on purchases*, however you’ve got to make sure you pay the full balance of your statement by the due date or you’ll end up having to pay the interest as well. Balance transfers are great on this card at just 7.99% for the first 6 months. After this time it will increase to the purchase rate of 18.99%. This interest rate, in conjunction with it’s other features gives this card the title of #2 in the Editor’s Choice – Balance Transfer category.

An added bonus to using this credit card is that it comes with features such as extended warranty on credit card purchases and 90 day purchase security. These are features that are usually reserved for premium credit cards (e.g. Gold and platinum). Warranties on this card protect you for up to 12 months longer than the purchase’s manufacturer warranty*.

The purchase cover differs from the extended warranty as it covers most purchases of personal items made on your credit card against theft, loss or accidental damage for approximately three months from the purchase date.

The only real downside to this card is that its interest rates are relatively high which can sting you if you don’t pay your monthly bill on time, however as we all know, this can be avoided.

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