A hand holding a smartphone displaying a calculator app over a paper folder
Photo: Kelly Sikkema / Unsplash
Balance Transfer · New Zealand

ANZ Low Rate Visa

4.6 / 5 editorial rating

Best for: a long, low-rate balance transfer and no-fee overseas spending

Annual feeNo annual fee
IssuerANZ
NetworkVisa
Purchase APR13.90% p.a.
Foreign transaction fee0%
Credit neededNZ citizen or permanent resi…

Pros

  • Two-year low rate on balance transfers
  • No annual fee
  • No currency conversion charge

Cons

  • No rewards
  • Cash advances cost 20.95% p.a.
  • The balance transfer offer is for a limited time

Rates and offers change. Confirm today's terms on the issuer's official site before applying. Independent comparison — not financial advice.

The ANZ Low Rate Visa has no annual fee, a 13.90% p.a. purchase rate and no currency conversion charge. A limited-time offer gives 1.99% p.a. for two years on balance transfers.

ANZ Low Rate Visa at a glance

IssuerANZ
Card networkVisa
Annual feeNone
Rewards rateNone
Welcome bonusSee issuer for the current offer
Intro APR1.99% p.a. for the first two years on balance transfers (limited-time offer)
Regular APR13.90% p.a.
Foreign transaction fee0%
Credit neededNZ citizen or permanent resident, or a work visa issued for 2+ years with 1+ year left; NZ$500 minimum credit limit
Best forA long, low-rate balance transfer and no-fee overseas spending

Key features

  • 13.90% p.a. on purchases; 20.95% p.a. on cash advances
  • 1.99% p.a. for the first two years on balances transferred from most non-ANZ cards (limited-time offer)
  • Up to 55 interest-free days on purchases
  • 0% currency conversion charge on foreign currency transactions
  • No annual fee and no additional card fee

Pros

  • Two-year low rate on balance transfers
  • No annual fee
  • No currency conversion charge

Cons

  • No rewards
  • Cash advances cost 20.95% p.a.
  • The balance transfer offer is for a limited time

Before you apply: confirm the current annual fee, interest rate, rewards and eligibility on the issuer's official site. CreditCardCompare is an independent comparison resource, not the card issuer, and this is not financial advice.

Sources: anz.co.nz · anz.co.nz

How it compares with similar New Zealand cards

CardAnnual feeRewardsIntro APRForeign feeCredit neededRating
ANZ Low Rate VisaA long, low-rate balance transfer and no-fee overseas spending
None None 1.99% p.a. for the first two years on balance transfers (lim… 0% NZ citizen or permanent reside… 4.6
ASB Visa FlexThe lowest purchase rate, with no account fee and no offshore margin
None None None 0% (no Offshore Service Ma… Aged 18 or over, NZ citizen or… 4.6
ASB Visa LightSpreading a large purchase at 0% for six months, with no account fee
None None 0% p.a. for 6 months on any single eligible purchase of NZ$1… 0% from 15 September 2026… Aged 18 or over, NZ citizen or… 4.5
ANZ Airpoints Visa PlatinumAirpoints earners who travel overseas and want no currency conversion charge
NZ$150/yr 1 Airpoints Dollar per NZ$110 on eligible purchases, with no earning l… None 0% NZ$8,000 minimum credit limit;… 4.4

Reader reviews

No reader reviews yet. Have this card? Share how it has worked for you.

Write a review

Reviews appear after moderation.

Your rating

Comments & Questions (0)

No comments yet — be the first to ask. Comments appear after review.

Leave a comment

Your comment appears after our team approves it. Or sign in to post faster.