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First Student



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



  • Free Supplementary Cards
  • Purchase Protection Cover lasts for 90 days per year
  • Extended Warranty Warranty is extended for the same duration as the original warranty up to 1 year.

Similar credit cards


The ANZ First Student credit card offers a moderately high interest rate. Aimed at students, ANZ will waive the $30 annual fee in the first year, providing an incentive to get new customers through the door.

The ANZ First Student credit card is covered by the ANZ Fraud Money Back Guarantee, which means that you will not be liable for fraudulent transactions made on this card, provided that you did not contribute to the transaction and notified ANZ promptly. This credit card also offers additional 90 Day Purchase Security and Extended Warranty insurance, providing an extra security blanket for cardholders.

Up to three additional cardholders can also be added at no additional cost. Like most new credit cards, Visa payWave is also included, so that cardholders can ‘tap and go’ without entering a PIN for purchases under $100.

  • Annual fee waived in the first year
  • Complimentary shopping insurance
  • Free Visa Entertainment membership
  • Annual fee after the first year
  • Moderately high interest rate
  • No frequent flyer rewards


Who is it good for?

As the name implies, the the ANZ First Student credit card is marketed as a first credit card for students, who may or may not have held credit card before. The card is available only to full-time tertiary students.

This credit card could be suitable for students who want to make sure their transactions are safe and that they will not be financially liable in the event of fraudulent spend.

The complimentary shopping insurance included may also provide peace of mind for younger cardholders’ first big purchases, making it more appealing to students.

With a moderately high interest rate, the ANZ First Student credit card is more suitable for financially savvy students who will be able to pay their credit card bills on time, and are not in need of cash advances or balance transfers. 

What RateCity says

The ANZ First Student credit card provides some incentives and perks for students and young people, such as complimentary shopping insurance, a free Visa Entertainment membership and the first year with no annual fee.

However, with a moderately high interest rate on purchases, and even higher interest rate on balance transfers and cash advances, first time credit card holders should make sure they do not set themselves up to pay more interest than they can afford when considering this card. It is also worth remembering that cardholders are liable to pay an annual fee after the first year.

With a relatively low minimum income requirement of $15,000, the card is suitable for students who are working part time or casually, but the moderate to high interest rates could quickly make this credit card unaffordable to students in this income bracket.


In order to apply for the ANZ First Student credit card, you must be a full-time tertiary student aged over 18 years old. The minimum income requirement is just $15,000, which can include paid employment, Youth Allowance and Austudy. You'll need to be a permanent Australian resident or a non-permanent resident with more than 9 months remaining on your visa.

About the lender

ANZ, less commonly known as Australia and New Zealand Banking Group Limited, is headquartered in Melbourne and is one of Australia’s big four banks. Customers can contact ANZ 24 hours per day, seven days per week to dispute transactions, report a hoax or report a lost or stolen card. With branches available across Australia and New Zealand, as well as online banking, customers have a number of options available when banking with ANZ.

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