ANZ

Balance Transfer Calculator

Q.	What is a balance transfer?
Q.	Why transfer my balance?
Q.	How do I use the Balance Transfer Calculator?
Q.	How does the Balance Transfer Calculator work?
Q.	I don't know the interest rate of my non-ANZ card. Where do I find this information?
Q.	I don't know the balance transfer interest rate. Where do I find this information?
Q.	Is there a fee involved?

 

Q. What is a balance transfer?
A. A balance transfer happens when you transfer the outstanding balance of your credit or store card account from another financial institution to your ANZ credit card account. You can choose to transfer a full or partial amount of your credit or store card balance to your ANZ credit card account.
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Q. Why transfer my balance?
A. By transferring the debit balance of your other credit or store cards to an ANZ credit card and closing your other accounts, you can significantly reduce the difficulty in managing different card repayments. Transferring your balance to a card with a lower interest rate can help you save on interest which means you can pay off your balance faster.
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Q. How do I use the Balance Transfer Calculator?
A. Enter the amount you would like to transfer from your non-ANZ card as well as the interest rate of the non-ANZ card. Then enter the balance transfer interest rate for the ANZ credit card you wish to transfer your balance to. Click 'calculate' to find out how much you could save.
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Q. How does the Balance Transfer Calculator work?
A. The Balance Transfer Calculator calculates the difference in interest charges between your non-ANZ card and the ANZ credit card you wish to transfer your balance to. Interest is calculated on the balance amount you input assuming a fixed interest rate for six months. The calculator works on the assumption that no transactions will be made during the six month balance transfer period other than monthly repayments of 2% of the outstanding balance made at the end of each month.
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Q. I don't know the interest rate of my non-ANZ card. Where do I find this information?
A. You should be able to find out the interest rate of your non-ANZ card by checking your statement, calling your card provider or by visiting their website.
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Q. I don't know the balance transfer interest rate. Where do I find this information?
A. You can find out the balance transfer interest rate by clicking below on the ANZ credit card you wish to transfer your balance to.

Alternatively you can call one of our customer service consultants on 13 22 73.

	ANZ First
	ANZ Low Rate MasterCard
	ANZ Balance Visa
	ANZ Gold
	ANZ Rewards Visa
	ANZ Frequent Flyer Visa

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Q. Is there a fee involved?
A. Balance Transfers will accrue interest at the applicable interest rate from the date the Balance Transfer request is approved until the transferred amount is paid in full.

Balance Transfers to an ANZ Balance Visa account will be subject to a 1% fee on the amount transferred. This fee will not apply to balance transfers requested at the time of credit card application.

Balance transfers to an ANZ credit card account other than an ANZ Balance Visa will not be charged a Balance Transfer Fee.
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