ANZ’s Low Rate MasterCard is a low interest rate credit card with plenty of bonus features. These include security features, fun features and convenience features. Of course it’s also true to its name and offers some fantastic low rates as low as 13.24% p.a. on purchases.

Benefit of the Card’s Best Features?

The biggest draw on this card is the low rates, as the name suggests. You can enjoy a mere 0% p.a. on balance transfers for the first 3 months (new applicants only), an extremely competitive 13.24% p.a. on purchases and a fairly standard rate of 21.49% p.a. on cash advances. Annual fees are on the low end too at $58 p.a..

The card’s security features include ANZ ‘Falcon’ which provides advanced around the clock monitoring for suspicious transactions and an online shopping guarantee. Some of its fun features include being able to design your own card as well as Mastercard Applause and Mastercard Travel Exclusives. Applause offers you exclusive tickets to theatre, dance, musicals and sporting events and Mastercard Travel exclusives gives you special offers and great deals, simply for being a MasterCard cardholder.

Convenience wise you get MasterCard Global Service – putting you in touch with a representative – 24 hours a day, 365 days a year, worldwide emergency credit card replacement and access to a range of other services (Secure Sentinel, eDine, ANZ Wine Club, ANZ Car Rental Cover).

If you’re in a rush to get set up you’ll only need 10–15 minutes for the application process, you’ll get a 60 second response to your online application and the card within 5 business days.

Are There Any Drawbacks?

Having a credit card with low rates won’t benefit you unless you make sure you’re on top of repayments, as with any other credit card.

Who Would be Suited?

If you have a lot of credit card debt and want a long period to chip away at paying it off then this very suitable. Also, if you get out a lot or travel regularly, the features this card offers may be particularly useful to you. Likewise, if you want security and convenience coupled with low rates and fun extras you’re probably looking in the right place. You can take control of your finances by paying a low interest rate on your everyday purchases and you don’t need to be an ANZ customer to apply for the ANZ Low Rate MasterCard credit card.

Who is Eligible?

To be eligible for the ANZ Low Rate MasterCard, you must be over 18 years of age, have a good credit rating, be a permanent Australian resident, earning a minimum income of $15,000. If you are a non-permanent Australian resident you must earn a minimum of $50,000.