skip to log on skip to main content
VoiceOver users please use the tab key when navigating expanded menus

Interest rates, fees and terms

Found a credit card that works best for you? Great! First, it’s important that you understand what you’re getting. Along with the features and benefits the card provides, you should also understand the interest rates, fees and terms and conditions that apply.

Credit card rates and fees

 

ANZ Low rate card

 

Card

Interest rate on purchasesdisclaimer

Interest rate on cash advancesdisclaimer

Interest rate on balance transfersdisclaimer

Total annual fee

ANZ Low Rate

disclaimer

disclaimer

disclaimer

$58disclaimer

ANZ Low Fee cards

Card

Interest rate on purchasesdisclaimer

Interest rate on cash advancesdisclaimer

Interest rate on balance transfersdisclaimer

Total annual fee

ANZ Platinum

disclaimer

disclaimer

disclaimer

$87 annual fee if you spend less than $20,000 a year on eligible purchasesdisclaimer

ANZ First

disclaimer

disclaimer

disclaimer

$30disclaimer

ANZ Rewards cards

 

Card

Interest rate on purchasesdisclaimer

Interest rate on cash advancesdisclaimer

Interest rate on balance transfersdisclaimer

Total annual fee

ANZ Rewards Black

disclaimer

disclaimer

disclaimer

$375disclaimer

ANZ Rewards Platinum

disclaimer

disclaimer

disclaimer

$149disclaimer

ANZ Frequent Flyer cards

 

Card

Interest rate on purchasesdisclaimer

Interest rate on cash advancesdisclaimer

Interest rate on balance transfersdisclaimer

Total annual fee

ANZ Frequent Flyer Black

disclaimer

disclaimer

disclaimer

$425disclaimer

ANZ Frequent Flyer Platinum

disclaimer

disclaimer

disclaimer

$295disclaimer

Cards no longer for sale

Terms and conditions

It’s important that you understand your new credit card’s interest rates, fees and terms and conditions. Below is a list of terms and conditions that should be reviewed and understood when applying for a new credit card or using an existing credit card.

ANZ banking guides

ANZ Financial Services Guide (PDF)

An understanding of what to expect from your interaction with ANZ

ANZ Credit Guide (PDF)

To help you decided whether to enter into a credit contract with ANZ

Forms and documents

Forms that can make managing your credit card faster, easier and more efficient.

See all forms and documents

Your questions answered

 

Cash advances

A cash advance is a debit to the credit card account that results in you receiving actual cash or a cash equivalent transaction such as the purchase of gambling chips. For example, if you take out cash from an ATM and select ‘credit’ as the account type. It also includes various other types of transactions (for example, where a credit card is used to pay a bill at a bank branch or via an approved agent of the biller i.e. tertiary fees or utility bills). It’s important, however, to note a few key facts about cash advances.

For a full list of transactions that are considered to be a ‘cash advance’, please refer to the ANZ Credit Card Conditions Of Use (PDF).

Unlike your purchases, where you could get up to 55 interest-free days, you start paying interest from the moment you make the cash advance. Bear in mind that the interest is charged on a daily basis.

A cash advance will always attract interest, regardless of whether you have interest free periods on your Credit Card Account. With cash advances it’s important to know that interest will generally be charged from the date of the cash advance and will continue to be charged on the outstanding cash advances balance until you pay off that transaction balance (including any previously billed interest, fees and charges) in full. 

A daily limit of $1,000 per credit card applies to cash advances made at an ATM (unless you have made a special arrangement with us to change this limit). Other financial institutions, ATMs, merchants, or service providers may also impose their own minimum amounts or limits.

Yes, a cash advance fee applies to any transaction which is a ‘cash advance’. The fee applies even if your account has a positive balance. 

Refer to the ANZ Personal Banking Account Fees and Charges booklet (PDF) for information about the fee, and the ANZ Credit Card Conditions of Use (PDF) for information about the transactions that are a ‘cash advance’.  

If you make a credit card cash advance, you may be charged interest at a higher rate than if you made a purchase. You should understand what interest rates apply to your product before making a cash advance.

For a full list of transactions that are considered to be a ‘cash advance’, please refer to the ANZ Credit Card Conditions Of Use (PDF).

Interest-free periods

We offer credit card accounts with interest free periods on purchases and some credit card accounts without. If you’re unsure whether your account has interest free periods on purchases please refer to your Letter of Offer. You may have noticed how we refer to ‘up to 55-interest free days’ on purchases on our credit cards.

This refers to the maximum possible length of time between the first day of a statement period and the payment due date for that period. For example, if your credit card statement is from June 1st is to 30th, your repayment will be due on July 25th, which is 55 days after the first day of that statement.​

If your credit card account doesn’t have interest free periods on purchases, we will charge interest on the entire outstanding balance on the account (including in respect of any purchases), on a daily basis.

For more information on interest free days, please refer to the ANZ Credit Card Conditions Of Use (PDF).

It’s up to 55 days, not 55 days for every purchase. For example, if your credit card statement is from June 1st is to 30th, your repayment will be due on July 25th, which is 55 days after the first day of that statement.​

Knowing this, you might realise that not all purchases you make get 55 interest-free days. Using the example above, it depends on when that purchase was made during the statement period:

  • If you made a purchase on June 1st, you’ll get the full 55 days before your bill is due.
  • If you made a purchase on June 28th, you’ll have 27 days before your bill is due.

The number of days in a particular statement period will also impact your maximum interest free days (i.e. shorter and longer months).

If your account has interest free periods on purchases, you can avoid paying interest on the purchases balance by always paying the full Closing Balance (or the full Adjusted Closing Balance, if applicable) shown on each statement by the applicable due date. If you don’t pay the full Closing Balance (or the full Adjusted Closing Balance, if applicable) shown on a statement by the applicable due date, you will generally be charged interest on your purchases balance from the day after the Due Date shown on that statement.

If you don’t currently have the benefit of Interest Free Days on purchases applying to your account and your account is eligible for this benefit you can regain this benefit:

  • if you pay the full Closing Balance or the full Adjusted Closing Balance (as applicable) shown on your next (or any subsequent) statement by the Due Date. If you do that we won’t charge interest on your Purchases balance for the period beginning on the day after  payment.
  • if the Closing Balance or Adjusted Closing Balance shown on a subsequent statement is nil or a positive balance amount. In that case we won’t charge interest on the Purchases balance for the period beginning on the first day of the next statement period.

If you regain your interest free period, your statement may still include interest charged for the period before you regained it.

It also important to be aware that even if you have regained the application of your interest free period we will start charging interest again  if you don’t pay the full Closing Balance or the full Adjusted Closing Balance (as applicable) shown on a statement by the Due Date

See the ANZ Credit Card Conditions of Use (PDF) for more information.

  • Pay the full Closing Balance (or the full Adjusted Closing Balance, if applicable) shown on each statement by the applicable due date.
  • Know when your statement periods are.

Original Credit Transactions

An Original Credit Transaction (OCT) is a credit transaction initiated by a Visa Direct enabled merchant or other person which credits funds to an ANZ Credit Card.

Effective on and from 24 August 2023, limits will apply to Original Credit Transactions (OCT). The limits are $2,500 per transaction, $9,950 per day and a maximum of 30 transactions per day. These limits will apply to all ANZ Consumer Credit Cards.


For details on which transactions are purchases, cash advances or standard balance transfers for the purposes of charging interest please see the ANZ Credit Card Conditions of Use (PDF).

Return

The standard variable annual interest rate is  on the purchases balance,  on the cash advances balance and  on the standard balance transfers balance for ANZ Low Rate,  on the purchases balance,  on the cash advances balance and  on the standard balance transfers balance for ANZ First,  on the purchases balance,  on the cash advances balance and   on the standard balance transfers balance for ANZ Platinum,  on the purchases balance,  on the cash advances balance and  on the standard balance transfers balance for ANZ Frequent Flyer,  on the purchases balance,  on the cash advances balance and  on the standard balance transfers balance for ANZ Frequent Flyer Platinum,  on the purchases balance,  on the cash advances balance and  on the standard balance transfers balance for ANZ Frequent Flyer Black,  on the purchases balance,  on the cash advances balance and  on the standard balance transfers balance for ANZ Rewards,  on the purchases balance,  on the cash advances balance and  on the standard balance transfers balance for ANZ Rewards Platinum and  on the purchases balance,  on the cash advances balance and  on the standard balance transfers balance for ANZ Rewards Black,  on the purchases balance,  on the cash advances balance and  on the standard balance transfers balance for ANZ Rewards Travel Adventures. These rates are current as at  and are subject to change.

Return

The annual fee is currently $58 (as at ) but is subject to change. For applicable fees and charges please see the ANZ Personal Banking Account Fees and Charges (PDF).

Return

The ANZ Platinum Annual Fee will be waived in the first year. In each subsequent year, if Eligible Purchases of $20,000 or more are processed to your ANZ Platinum Credit Card Account during the relevant annual period, your next Annual Fee will be waived. The date Purchases are processed may be different from the date they were made. The relevant annual period starts on the day after your last Annual Fee was charged (or the day it would have been charged, if it was waived, or the day you accepted this offer or your transfer to ANZ Platinum became effective, if it is the first time we are due to charge your Annual Fee) and ends on the day your next Annual Fee would be charged. Eligible Purchases includes purchases made using your account, but excludes Balance Transfers, cash advances, interest and fees. Refunds and reversals processed during the period will be deducted from your total Purchases (even if they relate to transactions in a previous period). If you do not make at least $20,000 of Eligible Purchases excluding refunds and reversals in the year prior to your Fee Date the Annual Fee will be charged to your account. The Annual Fee is currently $87 but is subject to change.

Return

The annual fee for ANZ First is currently $30, the standard annual interest rate is on the purchases balance, on the cash advances balance and on the standard balance transfers balance as at  and is subject to change. For applicable fees and charges please see the ANZ Personal Banking Account Fees and Charges (PDF).

Return

For ANZ Rewards Platinum, a total annual fee of $149 applies, which includes a $94 Annual Fee and a $55 Rewards Program Service Fee. For ANZ Rewards Black, a total annual fee of $375 applies, which includes a $320 Annual Fee and a $55 Rewards Program Service Fee.  For Additional Cardholders on ANZ Rewards Platinum and ANZ Rewards Black, an annual Additional Cardholder Fee of  $10 and an annual Rewards Program Services Fee of $55 will apply per Additional Cardholder on the account. These fees are current as at today's date and are subject to change. The fee information displayed on this page applies to new customers only.

Return

For ANZ Frequent Flyer Platinum, a total annual fee of $295 applies which includes a $240 Annual Fee and a $55 Rewards Program Services Fee. For ANZ Frequent Flyer Black, a total annual fee of $425 applies which includes a $370 Annual Fee and a $55 Rewards Program Services Fee. For Additional Cardholders on an ANZ Frequent Flyer Platinum or ANZ Frequent Flyer Black credit card, an annual Additional Cardholder Fee of $10 and an annual Rewards Program Services Fee of $55 will apply per Additional Cardholder on the account.  These fees are current as at  and are subject to change. The fee information displayed on this page applies to new customers only. Existing customers may be subject to different fees and should call 13 22 73 for information regarding the fees that apply to their account.

Return

For ANZ Rewards Travel Adventures, a total annual fee of $175 applies, which includes a $120 Annual Fee and a $55 Rewards Program Service Fee. For Additional Cardholders on ANZ Rewards Travel Adventures, an annual Additional Cardholder Fee of $10 and an annual Rewards Program Services Fee of $55 will apply per Additional Cardholder on the account. These fees are current as at today's date and are subject to change. The fee information displayed on this page applies to new customers only.

Return

For ANZ Rewards, a total annual fee of $95 applies which includes a $40 Annual Fee and a $55 Rewards Program Services Fee. For Additional Cardholders on ANZ Rewards, an annual Additional Cardholder Fee of $10 and an annual Rewards Program Services Fee of $55 will apply per Additional Cardholder on the account. These fees are current as at today's date and are subject to change. The fee information displayed on this page applies to new customers only.

Return

For ANZ Frequent Flyer, a total annual fee of $95 applies which includes a $40 Annual Fee and a $55 Rewards Program Services Fee. For Additional Cardholders on an ANZ Frequent Flyer, an annual Additional Cardholder Fee of $10 and an annual Rewards Program Services Fee of $55 will apply per Additional Cardholder on the account. These fees are current as at  and are subject to change. The fee information displayed on this page applies to new customers only. Existing customers may be subject to different fees and should call 13 22 73 for information regarding the fees that apply to their account.

Return
Top