ANZ Low Rate Visa, NZ’s low-interest no annual fee credit card for Kiwis
ANZ Low Rate Visa gives Kiwis a no-frills, low-interest credit card with $0 annual fee, 1.99% p.a. balance transfers for 24 months and up to 55 days interest-free
Clear, low-cost credit for Kiwis
The ANZ Low Rate Visa is a straightforward, low-interest credit card built for New Zealanders who want to keep borrowing costs down. With a $0 annual fee and a purchase rate of 12.90% p.a., the ANZ Low Rate Visa Credit Card targets people who prioritise saving on interest rather than chasing rewards points.
This card suits Kiwis consolidating balances or who occasionally carry a balance. The familiar ANZ name, combined with competitive rates and simple features, makes the ANZ Low Rate Visa an easy choice for everyday banking in NZ.
Key rates, fees and balance transfers
One of the main draws is the 1.99% p.a. balance transfer offer for 24 months, which can dramatically cut interest while you pay down other cards. The ANZ Low Rate Visa balance transfer has no transfer fee, then reverts to the low purchase rate of 12.90% p.a. after the promotional term ends.
Other costs are straightforward: $0 annual fee, $0 additional cardholder fee, a cash advance rate of 20.95% p.a., and a foreign transaction fee of 2.5%. Late payments attract a small fee, so it pays to set up automatic payments in your ANZ Internet Banking or the ANZ goMoney app.
Security, tech and everyday convenience
Security is taken seriously on the ANZ Low Rate Visa: Visa Zero Liability and 24/7 fraud monitoring help protect cardholders from unauthorised transactions. If something odd turns up, ANZ’s fraud team contacts you quickly, giving Kiwis peace of mind when travelling or shopping online.
On the tech side, the ANZ Low Rate Visa integrates with ANZ Internet Banking and the goMoney mobile app for real-time alerts, balance checks and the ability to freeze your card instantly. These digital tools make managing your low-rate card simple and suited to a busy Kiwi lifestyle.
Who should apply and practical tips
The ANZ Low Rate Visa Credit Card is ideal for people who want to reduce interest costs, consolidate debt, or keep a low-cost backup card for emergencies. If you’re after travel perks or a big points program, this isn’t the card for you — it’s designed to be no-frills and economical.
When applying, make sure you meet ANZ’s eligibility: be a NZ citizen or permanent resident, over 18 and with reasonable credit. Compare the balance transfer term with your repayment plan so the 1.99% p.a. offer genuinely helps you clear debt within the 24 months.
