Low-interest ANZ Low Rate Visa with No Annual Fee for Kiwis
ANZ Low Rate Visa gives Kiwis low-interest credit with $0 annual fee, 12.90% p.a. purchases, up to 55 days interest-free and 24 months at 1.99% p.a. on balance transfers
Smart low-interest choice for Kiwis
The ANZ Low Rate Visa is a practical credit card designed for New Zealanders who want to keep borrowing costs down. With a purchase rate of 12.90% p.a. and $0 annual fee, it’s one of the more affordable options for everyday spending and those who occasionally carry a balance.
That low purchase rate and the up-to-55-days interest-free period make the ANZ Low Rate Visa a solid pick for Kiwis who value plain, no-fuss banking. It’s aimed at folks who prefer savings on fees and interest over flashy rewards.
Balance transfers and ongoing costs
One standout feature is the 1.99% p.a. balance transfer offer for 24 months, which is excellent for consolidating higher-rate card debt from other providers. There’s no balance transfer fee, and after 24 months the rate reverts to 12.90% p.a., so plan repayments accordingly.
Remember the other costs: cash advances are expensive (20.95% p.a.), foreign transactions carry a 2.5% fee, and late payments attract a small $12 penalty. For most Kiwis, using the card for purchases and balance transfers while avoiding cash advances gives the best value.
Security, tech and everyday convenience
ANZ backs the card with Visa Zero Liability and 24/7 fraud monitoring, so you’re covered if something fishy shows up on your account. The ANZ goMoney app and Internet Banking make it simple to track spending, freeze the card or get instant notifications in real time.
For people who live busy lives in Auckland, Wellington or Christchurch, mobile control and solid security mean fewer headaches and quicker responses to suspicious activity. That peace of mind adds to the overall appeal of the ANZ Low Rate Visa for NZ residents.
Who should apply and how to get started
The ANZ Low Rate Visa suits Kiwis who want a low-interest, no annual fee card without rewards bells and whistles. It’s ideal if you want to reduce interest costs, clear a balance with the 1.99% p.a. offer, or simply keep monthly costs predictable with no ongoing fees.
Applying is straightforward: be 18+, a NZ citizen or permanent resident, and have acceptable credit. You can apply online through ANZ’s site, and once approved you’ll manage the card via ANZ Internet Banking or goMoney — a practical choice for most New Zealand households.