The ANZ First Credit Card is an attractive option for those seeking a straightforward, low-cost credit card. With its low annual fee and enticing introductory offers, it caters to individuals looking to manage their finances effectively without the burden of high fees. The card provides up to 55 interest-free days on purchases, making it a practical choice for everyday spending.
Additionally, ANZ first card offers essential features like fraud protection and complimentary shopping insurance, ensuring that cardholders can shop with confidence.
Why Should I Get an ANZ First Credit Card?
Low Annual Fee
The ANZ First Credit Card boasts a low annual fee of just $30, which is waived for the first year for eligible applicants. This makes it one of the most affordable credit card options available, ideal for those who want to minimize their expenses.
Introductory Offer
New cardholders can take advantage of a generous introductory offer, receiving $125 back after spending at least $750 on eligible purchases within the first three months. This cashback can significantly offset the cost of the annual fee, providing immediate value.
Interest-Free Days
The card allows for up to 55 days of interest-free purchases, provided the statement balance is paid in full by the due date. This feature is beneficial for managing cash flow and avoiding interest charges on everyday expenses.
Additional Benefits
While the ANZ First Credit Card does not offer a traditional rewards program, it provides access to the Cashrewards platform, allowing cardholders to earn cashback on purchases from over 2,000 retailers. Additionally, it includes complimentary shopping insurance, which protects purchases against theft or damage for up to 90 days.
Pros and Cons of ANZ First Credit Card
| Pros | Cons |
|---|---|
| Low annual fee ($30, waived first year) | No rewards program |
| $125 cashback on initial spending | Limited additional benefits |
| Up to 55 interest-free days | Higher interest rates on cash advances |
| Complimentary shopping insurance | Minimum credit limit of $1,000 |
Fees and Interest Associated with ANZ First Credit Card
| Fee Type | Amount |
|---|---|
| Annual Fee | $30 (waived first year) |
| Variable Purchase Rate | 20.99% p.a. |
| Variable Cash Advance Rate | 21.99% p.a. |
| Cash Advance Fee | 3% (minimum $3, maximum $20) |
| International Transaction Fee | 3% of the transaction |
| Late Payment Fee | $20 |
| Minimum Credit Limit | $1,000 |
How to Apply for an ANZ First Credit Card?
Follow the given steps and apply for the ANZ First card:
- Gather Required Documents: Prepare your financial information, including income, expenses, and proof of identity.
- Visit the ANZ Website: Navigate to the ANZ official website and search for ANZ first credit card.
- Start the Application: Click on the ‘Apply Online’ button to begin the application process.
- Complete the Application Form: Fill out the required fields with accurate information.
- Submit Your Application: Review your application and submit it for processing.
- Await Approval: ANZ will review your application and notify you of the outcome, typically within a few business days.
Eligibility Criteria
To apply for the ANZ First Credit Card, you must meet the following criteria:
- Be at least 18 years old.
- Be an Australian or New Zealand citizen, permanent resident, or hold a valid visa with more than 12 months remaining.
- Have a stable income and be able to provide details of your financial situation.
The Final Words
The ANZ First Credit Card is an excellent choice for those seeking a low-cost, no-frills credit card with essential features. Its low annual fee, cashback offer, and interest-free days make it a practical option for managing everyday expenses.