FEATURES SUMMARY

• Annual fee: $58
• Purchase rate: 12.74% p.a.
• Cash Advance rate: 20.99% p.a.
• Balance Transfer rate: 0% p.a. for first 6 months p.a.
• Interest-free days: Up to 55 days

• 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