ANZ Credit Card

Who can qualify for an ANZ credit card?

ANZ Bank New Zealand Limited appears on the Reserve Bank’s registered-bank list. Approval remains subject to ANZ’s lending criteria.

Its published application requirements include:

• Being at least 18 and receiving regular income.
• Having sufficient income after expenses to meet repayments.
• Being a New Zealand citizen or permanent resident, or holding a work visa originally issued for at least two years with at least one year remaining.

Separate student conditions apply: income, student allowance or student-loan payments must go into an ANZ account; study must be full-time at an eligible institution with at least six months remaining. International students also need at least six months left on their student visa. Confirm your circumstances directly with ANZ.

Prepare identification and information about income, expenses and existing debts. ANZ’s balance-transfer guidance specifically requires new-to-bank applicants to provide identification and their last 90 days of bank statements; address evidence or further documents may also be requested.

ANZ obtains credit reports when assessing credit applications and may report account limits and repayment behaviour. Its credit-reporting policy explains how this information is used and shared. Meeting the basic requirements does not establish approval or a particular limit.

Which ANZ credit card suits your repayment habits?

Low Rate Visa is the more practical starting point if you sometimes carry a purchase balance or want an occasional-use card without an annual fee. Its lower purchase rate does not extend to cash advances.

CashBack and Airpoints cards make more sense when you pay each statement in full. Compare rewards from spending you would make anyway against the annual fee. A higher credit limit or faster earning rate is not, by itself, a reason to upgrade.

For a planned expense requiring several months of repayments, compare a personal loan with a defined repayment schedule. For existing card debt, compare the balance-transfer offer with debt consolidation options, including the total cost and the payment needed to clear the debt. If borrowing is covering a persistent shortfall in essential expenses, further revolving credit may deepen the problem.

How ANZ credit card applications and repayments work

Application process

Choose a card and requested limit, then apply through ANZ’s website or goMoney. You can also discuss an application on 0800 269 277 or arrange a branch appointment. New customers can establish an ANZ profile through goMoney before applying.

ANZ assesses your finances and credit history, may request supporting evidence, and decides whether to approve the card and limit. Check the disclosure statement before accepting the arrangement. Once the card is active, statements show the closing balance, payment deadline and minimum due.

Decision and balance-transfer timing

A standard approval or card-delivery timeframe was not verified in the reviewed application material. ANZ says a balance transfer can take up to 14 days from receipt of the application. Continue paying the old provider until the transfer is confirmed; the transfer does not close that account.

Repayment support and complaints

For card servicing, call 0800 658 044. If repayments are becoming difficult, contact ANZ’s financial hardship team on 0800 240 438. Assistance depends on your circumstances. Our debt management guide covers broader options.

Raise a complaint through ANZ’s complaints process or call 0800 560 555. The Banking Ombudsman Scheme provides free, independent assistance on 0800 805 950; ANZ generally needs a reasonable opportunity to address the complaint first.

Questions to ask before accepting an ANZ card

• What limit can I repay comfortably, and what monthly payment would clear my expected spending by a chosen date?
• Which transactions attract the purchase, cash-advance or balance-transfer rate?
• If I transfer debt, how will payments be allocated and what will new purchases cost?
• Will rewards on my normal eligible spending exceed the annual and additional-card fees?
• If I am choosing Airpoints Visa Platinum for insurance, do my residency, age, medical history and travel bookings qualify?

ANZ credit card advantages and limitations

• Lower ongoing cost option: Low Rate Visa combines a $0 annual fee with ANZ’s lowest standard purchase rate.
• Foreign spending: All five personal Visa cards have a 0% ANZ currency conversion charge, including foreign-currency online purchases.
• Transfer repayment window: The 24-month balance-transfer offer gives borrowers time to reduce eligible existing card debt at a lower rate.
• Cost of carrying rewards-card debt: The 20.95% p.a. purchase rate can outweigh CashBack or Airpoints earned.
• Balance-transfer spending trap: Payments generally reduce transferred debt first, leaving new purchases accruing standard interest.
• Platinum commitment: Both Platinum cards have an $8,000 minimum credit limit; their benefits need to justify the annual fee and access to more credit.

ANZ credit card interest rates, fees and total cost

All amounts below are in New Zealand dollars. Rates are annual, subject to change, and exclude fees.

Interest-free days and minimum repayments

The full statement closing balance must be paid by its due date to qualify for interest-free purchases. The advertised maximum depends on when the purchase falls within the statement cycle. If you do not clear the statement, interest can run from transaction dates rather than only from the payment deadline.

The minimum payment is generally the greater of 3% of the closing balance, rounded to the nearest dollar, or $10, plus overdue minimum payments and amounts requiring immediate repayment, including over-limit amounts. If the closing balance is below $10, it is payable in full. Paying the minimum does not provide a fixed debt-clearance date.

Other charges

• Cash advances: 20.95% p.a., accruing immediately on borrowed amounts. A staff-assisted advance costs $3. ANZ does not charge an advance fee through the listed self-service channels, but third-party ATM or bank charges may apply.
• Late payment: $6 if the required minimum is not paid by its due date.
• Replacement card: $5; urgent courier delivery costs extra.
• Additional cards: $0 for Low Rate Visa; $5 annually for the rewards cards, charged half-yearly for Airpoints cards.
• Foreign currency: ANZ’s conversion charge is 0%; Visa’s exchange rate applies. This does not eliminate third-party charges.

Balance-transfer costs and restrictions

ANZ advertises 1.99% p.a. for 24 months on eligible transferred balances. The minimum transfer is $100, and it must not take the account above 95% of its approved limit. Remaining transferred debt moves to the card’s standard purchase rate after the offer period.

ANZ generally allocates repayments to transferred debt before new purchases or cash advances. Keeping new spending off the transfer card therefore makes the repayment plan easier to control. Confirm eligibility and charges against the current transfer terms.

Illustration: repaying $3,000 over 12 months

Our calculation for a $3,000 interest-bearing purchase balance at the Low Rate Visa’s 13.90% p.a. gives approximately $269.22 a month over 12 months, or $3,230.64 in total, including $230.64 interest.

This is an illustration, not an ANZ quotation. It uses monthly interest at one-twelfth of the annual rate, payments at each month-end, no interest-free period, an unchanged rate and no further spending. The annual card fee is $0; cash advances, balance transfers, late fees and optional charges are excluded. ANZ calculates interest daily, so actual repayments and totals will differ.

Do the rewards cover the fee?

CashBack Visa earns $1 per $150 of eligible spending; CashBack Visa Platinum earns $1 per $120. Rewards are credited annually. Cash advances, gambling transactions, cash substitutes and business spending are excluded.

Our fee-only calculation: annual eligible spending of $6,000 covers the standard CashBack card’s $40 fee; $9,600 covers Platinum’s $80 fee. Platinum needs more than $24,000 of annual eligible spending to outperform the standard card on cashback after annual fees alone. These comparisons assume no interest, additional-card fees or other charges and exclude ANZ Loop offers and non-cash benefits.

Airpoints Visa earns one Airpoint per $170 of eligible spending, compared with $110 on Airpoints Visa Platinum. Compare the rewards you can use with the fee and repayment cost.

Airpoints Visa Platinum insurance conditions

Airpoints Visa Platinum provides access to conditional overseas travel insurance. Under the policy effective 1 April 2025, eligibility includes ordinarily residing in New Zealand, being a New Zealand citizen or resident, holding the qualifying card and meeting return-ticket requirements. The usual activation route is paying at least 50% of prepaid travel expenses with the card; specified alternatives apply.

The standard maximum trip duration is 90 consecutive days. A longer trip requires an approved extension; the first 90 days are not automatically covered. Pre-existing medical conditions are excluded unless accepted following assessment, and travellers aged 75 or older need approval for medical benefits and medically related cancellation or disruption cover. Additional premiums may apply. A $200 excess applies to specified claims, including medical expenses and baggage. Check eligibility before relying on the insurance.

Is an ANZ credit card worth considering?

Low Rate Visa has the strongest straightforward value proposition: no annual fee, a lower purchase rate and no ANZ foreign currency conversion charge. Its main limitation is that revolving repayments can leave debt outstanding without a clear finish date.

For someone who clears each statement, the decisive comparison is usable rewards after fees. For someone carrying debt, compare interest, total repayment and the time needed to clear the balance. ANZ’s balance-transfer offer can help, but adding new purchases weakens its value.

ANZ credit card comparisons and application questions

Is ANZ Low Rate Visa better than a rewards card if I sometimes carry a balance?

Low Rate Visa is the stronger starting point for comparing borrowing costs: its purchase rate is 13.90% p.a., with no annual fee, versus 20.95% p.a. plus an annual fee for ANZ’s CashBack and Airpoints cards. Rewards need to outweigh both the fee and any additional interest. If you regularly clear your statement, compare rewards after fees; if you carry debt, compare the cost of repaying the same balance over the same period. Check ANZ’s current rates and fees before applying.

How much must I spend for ANZ CashBack Visa or CashBack Visa Platinum to be worthwhile?

CashBack Visa earns $1 per $150 of eligible spending and costs $40 annually; CashBack Visa Platinum earns $1 per $120 and costs $80. Our fee-only calculations put the annual spending needed to cover those fees at $6,000 and $9,600 respectively. However, Platinum only overtakes the standard card on cashback after annual fees above $24,000 of eligible annual spending. These calculations exclude interest, additional-card fees, other charges, ANZ Loop offers and non-cash benefits. Rewards are credited annually, so they do not provide a monthly reduction in your repayment obligations.

Could I still pay purchase interest with ANZ’s 44 or 55 interest-free days?

Yes. Low Rate and CashBack cards offer up to 55 days, while Airpoints cards offer up to 44, but you must pay the full statement closing balance by its due date. Paying the minimum, or most of the statement, does not preserve that benefit. Interest can then apply from transaction dates, taking repayments into account, rather than starting only after the due date. When comparing providers, check the conditions for retaining interest-free purchases and how payments are allocated—not just the advertised number of days.

What income do I need, and does choosing a Platinum card change the assessment?

ANZ’s reviewed product pages require regular income and sufficient money after expenses, without publishing a universal minimum salary. The requested credit limit matters alongside income and existing commitments. Standard ANZ cards have a $500 minimum limit, while both Platinum cards start at $8,000. If you want a smaller facility, compare the standard cards first; eligibility for a basic card does not establish eligibility for a Platinum limit. ANZ also assesses your credit history and may request supporting documents.

Can I apply on a work visa, and would that also qualify me for travel insurance?

ANZ accepts applications from non-residents whose work visa was originally issued for at least two years and has at least one year remaining, subject to its other lending criteria. Card eligibility and insurance eligibility are separate. The Airpoints Visa Platinum travel policy requires you to ordinarily reside in New Zealand and be a New Zealand citizen or resident, alongside other conditions. A temporary work visa meeting the card application criteria does not, by itself, establish insurance eligibility. Confirm cover before paying an annual fee mainly for travel benefits.

How should I compare ANZ’s balance-transfer offer with a competing 0% offer?

Compare the total cost over your realistic repayment period: promotional interest, transfer charges, annual fees and the rate on any debt remaining afterwards. ANZ advertises 1.99% p.a. for 24 months, followed by the card’s standard purchase rate. A shorter 0% offer could cost less if you clear it in time; calculate the outcome for your balance. ANZ’s repayment allocation also matters: payments generally reduce transferred debt first, and new purchases receive no interest-free days while that debt remains.

Does ANZ’s 0% currency conversion charge make overseas spending and cash withdrawals equally economical?

No. ANZ’s personal Visa cards have a 0% foreign currency conversion charge, with foreign-currency purchases converted using Visa’s exchange rate. Borrowing cash still attracts 20.95% p.a. from the withdrawal date, and an overseas ATM operator or bank may charge its own fee. Moving available card credit into a bank account also counts as a cash advance. When comparing travel payment options, assess purchases and withdrawals separately; a card can be competitive for foreign purchases while expensive for obtaining cash.

Will ANZ transfer my entire existing card debt and close the old account?

That depends on the approved limit and eligible balance. A transfer must not take the ANZ account above 95% of its approved credit limit; an otherwise unused $5,000 limit therefore accommodates up to $4,750. ANZ says processing can take up to 14 days, during which you must keep making payments to the old provider. The old account remains open unless you arrange its closure. Check residual interest and move recurring payments before closing it. ANZ permits early repayment of its card balance without an early-repayment fee.

Is Airpoints Visa Platinum worth choosing mainly for its travel insurance?

Compare its $150 annual fee with suitable standalone cover only after checking eligibility and exclusions. The usual activation route requires at least 50% of prepaid travel expenses to be paid with the card, although specified alternatives apply. Return-ticket and residency requirements also matter. Under the insurance policy, trips exceeding 90 days need an approved extension; the first 90 days are not automatically covered. Pre-existing conditions require acceptance, and travellers aged 75 or older need approval for medical and medically related cancellation cover. Additional premiums may apply, and selected claims carry a $200 excess.