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.
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.
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.
You can balance transfer any amount greater than $100, and up to 95% of an ANZ Low Rate Mastercard limit.
Yes - you can transfer balances from more than one card, up to 95% of an ANZ Low Rate Mastercard limit.
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.
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.
Payments will generally be applied to balance transfer amounts before new purchases.
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.
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.
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.
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).
Our lending criteria and fees apply. Balance transfers can be made from non-ANZ Visa and MasterCard, American Express, GE CreditLine, Q Card and Farmers Card. Full details are contained in the ANZ Credit Card Conditions of Use available from anz.co.nz or any branch. After 12 months our standard purchase interest rate will apply to any remaining balance transfer amount. Standard interest rates for ANZ Low Rate MasterCard (currently 13.90% p.a. on purchases and 22.95% p.a. on cash advances) apply to new transactions and repayments will generally be applied to balance transfer amounts before new purchases. A half yearly card fee of $29 applies. Interest rates are subject to change. ANZ Bank New Zealand Limited.