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The ANZ First credit card has a low annual fee, a moderately high interest rate and a moderately low interest-free period of up to 44 days. Cardholders receive complimentary membership to Visa Entertainment, which includes access to special offers and events.
The ANZ First credit card allows up to three additional cardholders (16 years or over) at no extra cost. Also available is a balance transfer deal of 0 per cent interest for 18 months (with a balance transfer fee).
Cardholders can pay for purchases under $100 with tap and go by ANZ Visa PayWave – so there’s no need to swipe, dip or enter a PIN. The card is also compatible with Apple Pay, Google Pay and Samsung Pay, so you can use your compatible Apple or Android device to pay for purchases.
Security-wise, cardholders are protected by ANZ’s Fraud Money Back Guarantee, 90-day purchase security insurance and extended warranty insurance.
- Low annual fee
- Three free additional cardholders
- Complimentary insurances
- Moderately high interest rate
- Moderate late payment fee
- No frequent flyer points
Who is it good for?
The ANZ First card is appropriate for customers who are looking for a credit card that offers peace of mind with additional purchase protection as well as a low annual fee. However, the interest rate is moderately high compared to other cards on the market, so it is suited to those with the ability to pay off the card’s balance in full each month.
If you are looking for a family credit card, the ANZ First card could be a good choice thanks to the allowance for three additional cardholders at no added cost. It is not particularly suitable for overseas spending due to high international fees and charges.
The 18-month 0 per cent balance transfer deal may also make this card a particularly attractive option for those looking to carry over and pay off existing debt.
What RateCity says
This card offers some advantages to certain cardholders – for example, those who are looking for a low annual fee or the ability to add additional cardholders without having to pay extra.
However, the interest rate is relatively high for a non-rewards card and there are cards on the market with lower or no annual fees. Although cardholders have access to Visa Entertainment offers, the card doesn’t have a dedicated rewards program or potential to earn frequent flyer points.
The introductory balance transfer deal may be a drawcard for some customers, but probably wouldn’t be a suitable long-term card – especially for those who are unable to pay off the full balance every month after the introductory period finishes.
If the benefits of this card don’t fit your specific needs, it could be a smarter option to find a card that offers a lower interest rate or a more attractive rewards program.
To apply for the ANZ First credit card, you need to provide an Australian driver’s licence number, proof of income and details of your expenses, assets and liabilities. You also need to be at least 18 years of age and have a good credit rating. You must also be a permanent Australian resident or a non-Australian permanent resident with more than nine months remaining on your visa, and earn an annual income of at least $15,000.
ANZ is one of the big four banks in Australia and one of the largest banking groups in the Pacific and New Zealand region. The bank offers personal finance products including credit cards, bank accounts, personal loans, car loans and home loans. Customers have access to 24/7 service through the bank’s online services and via phone. Customers can also manage their finances through the ANZ internet banking portal and the ANZ App*.
*The ANZ App is provided by Australia and New Zealand Banking Group Limited (ANZ) ABN 11 005 357 522. Super, Shares and Insurance (if available) are not provided by ANZ but entities which are not banks. ANZ does not guarantee them. This information is general in nature only and does not take into account your personal objectives, financial situation or needs. ANZ recommends that you read the ANZ App Terms and Conditions available at www.anz.com and consider if this service is appropriate to you prior to making a decision to acquire or use the ANZ App.
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Credit cards are a personal responsibility, so the reasons behind getting a credit card should also be personal.
You should always consider all the pros and cons of taking out a credit card before you sign on the dotted line.
For example, pros include the fact that credit cards can be a good way of paying for purchases, earning rewards points and building a credit history.
But there are also cons – credit cards can be expensive and put a lot of financial pressure on you.
You need to consider your personal finances and your lifestyle choices. Do you need a credit card? What options are out there for me? Can I handle the repayments? Why am I getting a credit card in the first place?