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Balance transfers

Transferring your balance to a card with a lower interest rate like the ANZ Low Rate Visa could help you save on interest. Plus, with no annual card fee you could save on fees too.

Transfer your balance


Pay 1.99% p.a. on balances transferred for the first two years

What is a balance transfer?

A balance transfer involves moving the outstanding balance from your non-ANZ credit or store card account to an ANZ Low Rate Visa

You can choose to transfer the balance of your credit or store card to ANZ and pay just  for two yearsdisclaimer on that balance.

How a balance transfer works

We will work with your other card provider to transfer the balance on that card to your new ANZ card – that process will be complete within 14 days of us receiving your application.

In the meantime, while your balance transfer is being processed you’ll need to continue making any payments due on your old card (if you don’t you may be liable for overdue payment or interest fees from your existing card provider).

We’ll send you a letter to let you know when your balance has been transferred.

When you make a repayment to your ANZ card, it will generally be applied to the transferred balance before any purchase or cash advance. This means that until your transferred balance is paid off in full, you won’t get any interest-free days on new purchases.

We can’t close your other card for you – you’ll need to contact the provider and ask them to close it. Until it’s closed you’ll continue to be liable for any repayments and fees due. Remember to check that all direct credits or debits have been redirected to your ANZ card account before you close your old one.

You can balance transfer any amount greater than $100 - however the balance transfer cannot cause you to exceed 95% of the approved credit limit on your ANZ credit card. That’s to ensure there’s a buffer to cover any charges such as fees or interest that could be charged subsequently.

The special balance transfer interest rate only applies to the balance you’re transferring from a non-ANZ card to your ANZ card. For all other purchases or cash advances on your new card, the standard interest rate for that card applies.

You can transfer your balance from most non-ANZ Visa or Mastercards (ASB, Bank Direct, BNZ, KiwiBank, TSB or Westpac), American Express (excluding Air New Zealand AMEX), GE CreditLine, Q Card and Farmers Card.

After the balance transfer period the our standard purchase interest rate for your ANZ credit card (currently 12.90% p.a. for ANZ Low Rate Visa) will apply to any remaining balance transfer amount.


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Flexible ways to manage your money and debts

We have a range of options to suit different needs. Whether it’s borrowing to combine existing debts, borrowing to pay for the things you need or having a back-up for emergencies and unexpected expenses.

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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.

Our financial advice provider statement has some important information you should know about ANZ and our financial advice services. Please take the time to read it.

Balance transfer offer:  Offer available for a limited time. Balance transfers can be made from most non-ANZ Visa or Mastercards (ASB, Bank Direct, BNZ, KiwiBank, TSB or Westpac), American Express, GE CreditLine, Q Card and Farmers Card. Full details are contained in the ANZ Credit Card Conditions of Use available from or any branch. After 24 months our standard purchase interest rate will apply to any remaining balance transfer amount. Standard interest rates for ANZ Low Rate Visa apply to new transactions and repayments will generally be applied to balance transfer amounts before new purchases.