In this article we’ll explain what a cash advance is, what it means for you, and how to avoid making them – and save money in the process.
If you don’t pay off your balance in full by the due date
At ANZ, to get the benefit of interest-free days on purchases, you need to pay off your balance in full by the due date. If you don’t, you’ll pay interest on your purchases from the day you make them. You’ll also lose the benefit of interest-free days for at least the next statement period. That’s why we recommend always paying off your balance in full each month, if you can.
To regain your interest-free period on purchases, you’ll need to pay off the full balance by the due date in a subsequent statement period.
Information in this article refers to personal credit cards, is general in nature only and does not take into account your personal objectives, financial situation or needs.The information may not reflect how interest and charges are calculated under your credit card conditions of use.
This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 269 296, or for more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see anz.co.nz/fapdisclosure
The information is current as at August 2020 and may be subject to change. ANZ recommends you review your personal credit card conditions of use for information about the terms that apply to you.
Interest rates are subject to change.
Lending criteria, terms, conditions and fees apply to all ANZ credit cards. See Rates, fees and agreements for more information.