Balance Transfer calculator
- how much could you save?

All you need to do is let us know how much you owe on your existing credit card and what
interest rate you’re currently paying.

Balance Transfer calculator

Min $100
% p.a.

By transferring your balance to an ANZ Low Rate MasterCard, you could save:

$X.XX Over 12 months

This is an estimate only and is based on the information you have entered, and is not an offer of finance by ANZ. The ANZ Low Rate MasterCard requires a minimum monthly payment of 3% (minimum $10) of the outstanding balance by the due date each month. This guide takes into account the minimum monthly repayment of 3% to estimate the amount you could save but otherwise assumes no other repayments are made. Savings only apply to the amount transferred and don’t take into account any further card transactions. Savings are calculated using ANZ’s balance transfer interest rate of 1.99% p.a. After twelve months our standard purchase interest rate for ANZ Low Rate MasterCard (currently 13.90% p.a. will apply to any remaining balance transfer amount. Actual savings may vary, particularly if you do not meet (or repay more than) the minimum repayments each month. A half-yearly card fee of $29 applies.

Frequently Asked Questions

What is a balance transfer?

A balance transfer involves transferring the outstanding balance of a non-ANZ credit or store card account to an ANZ Low Rate Mastercard. You can choose to transfer a full or partial amount of your credit or store card balance to an ANZ Low Rate Mastercard.

Which cards can I transfer a balance from?

You can transfer your balance from any non-ANZ Visa and MasterCard, American Express, GE CreditLine, Q Card, Farmers Card and most other store cards.

How much can I transfer?

You can balance transfer any amount greater than $100, and up to 95% of an ANZ Low Rate Mastercard limit.

Can I transfer my balance from more than one card?

Yes - you can transfer balances from more than one card, up to 95% of an ANZ Low Rate Mastercard limit.

Can I close my other credit card through ANZ?

No - you need to contact your previous financial institution to do this. Remember to check that all direct credits or debits have been redirected to your new account before you close your old one.

Why would I transfer my balance?

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.

How will any payments be allocated if I have a balance transfer?

Payments will generally be applied to balance transfer amounts before new purchases.

How long will my balance transfer take?

Requests submitted by 10.00pm (NZT), should be processed by ANZ within fourteen business days. The time that it takes for your other credit card to be credited, will depend on the policy and systems of your other account institution.

All credit card balance transfers accrue from the date on which your account is debited for the transfer.

More about what to expect when applying

What can I expect when I apply for an ANZ credit card?

We’ll aim to look at your application within two business days. If you need your application looked at sooner, give us a call on 0800 658 044. If your application is declined, we will contact you to let you know.

I don’t bank with ANZ - how will the process work for me?

If you don’t currently bank with ANZ, don’t worry, as it’s simple to get you a new ANZ credit card ready to use. We’ll just need you to provide proof of identity and income. We will contact you once you are approved, and let you know that you need to pop into any ANZ branch. You’ll need to do this within two weeks. Once your identity and income has been confirmed, we’ll get your card out to you. Find your nearest ANZ branch.

I’m an existing ANZ customer - how long will my card take to arrive?

You’ll receive your card around three days following approval of your application (if you live overseas, it might take a little longer). After that if you’ve registered for Internet Banking or ANZ goMoney, you can set your PIN under ‘Settings’. Otherwise pop into a branch to get a PIN loaded (remember to take ID with you as well, so we can double check it’s you).