If you tend to carry a balance and want to minimise the impact of interest, you need to find out how to apply for the ANZ Low Rate credit card, which is one of the best for balance transfers.
But it’s not just for that! The other benefits cater to various needs.
First off, it keeps maintenance costs low, and the purchase interest rate is one of the most affordable in the market. And you don’t need to have had an ANZ account for a long time to apply.
Before we move on to the steps on how to apply for the ANZ Low Rate credit card, let’s see if you’re eligible:
Eligibility Criteria
- You must be 18 years or older
- Only Australian citizens, permanent residents, or those with more than 12 months left on a valid work, business, or investor visa can apply
- Having a good credit rating increases your chances of approval, so it’s essential not to have any defaults on record
Essential Information for Your Application and Documents You’ll Need
- Australian driver’s licence, Medicare card, or passport
- Details of your income, expenses, assets, and liabilities
- Two recent payslips to verify income
- If self-employed, provide your accountant’s contact details
- Information about regular expenses (like bills, rent, or groceries)
- ANZ account number or customer registration number (if you have one)
- If you’re not a resident, you’ll need to submit a copy of your passport or a copy of your Australian Visa Document
What Will My Initial Limit Be?
Currently, the ANZ Low Rate credit card has a minimum limit of $1,000. However, this can be higher depending on your credit profile and income.
As customers demonstrate responsible credit management, gradual increases in limits are common.
In other words, each person receives a different offer because the limit is tailored to their spending profile and repayment capacity.
How to Apply for the ANZ Low Rate Credit Card: A Complete Guide for a Successful Application!
The entire process should take no more than 20 minutes:
- First, choose which offer you’d like for your new card: Balance Transfer with 0% interest for 28 months or Cashback Offer.
- On the next page, you’ll see what you need to have ready, so make sure you’re all set to speed up the process.
- Indicate whether you have an ANZ account or not.
- Click “Continue” to access the application form.
- Next, provide personal information, including your address, contact details, and occupation.
- Review the details about the credit card.
- Verify your identity.
- Confirm that all the details are correct and submit the form.
Within 2 business days, you’ll receive a call to confirm your approval, as long as everything checks out.
How to Activate Your New Card
Instructions will be sent along with your ANZ Low Rate credit card when it arrives. You can activate it through online banking or the app – it’s a safe and easy process:
- Log in to the app or internet banking.
- Tap “More” on the Accounts screen (or “Settings” if using internet banking).
- Select “Activate card” and follow the steps.
- Set your card’s PIN, and happy shopping!
Any questions about applying for the ANZ Low Rate Credit Card? Check out the useful contacts:
The easiest way to get in touch with ANZ support is through the live chat within the app.
Just download the app, log in, tap on “Support”, and send your message.
If you prefer personal service, you can contact the call centre at 13 13 14, or +61 3 9683 9999 if you’re overseas.