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Balance transfers

A balance transfer moves money you owe from a non-ANZ credit or store card to an ANZ credit card. You could stretch out your repayments for 24 months, and pay a lower interest rate.

The important numbers

Interest rate on balance transfer

—% p.a.—

Time on balance transfer rate

Up to 24 months (2 years) on —% p.a.

Maximum transfer amount

Up to 95% of the available credit limit on your ANZ credit card

  • The balance transfer interest rate only applies to the amount you transfer from a non-ANZ credit or store card to your ANZ credit card. 
  • For all other purchases or cash advances, standard interest rates for that card apply.
  • If you don't pay off the transferred amount by the end of the balance transfer period, the standard purchase interest rate will apply.

How balance transfers work

Transfer from any of these cards

  • Visa or Mastercard cards from most New Zealand banks, including ASB, BNZ, KiwiBank, TSB and Westpac
  • American Express (excluding Air New Zealand AMEX)
  • GE CreditLine (GEM)
  • Q Card
  • Farmers Card

How much you can transfer

  • Minimum: $100
  • Maximum: Any amount, so long as the transfer doesn't go over 95% of the approved credit limit on your ANZ credit card. This allows a buffer to cover any interest charges or fees, e.g. for late payment or cash advances.

Making repayments

When you make a repayment on your ANZ credit card, it will usually be applied to the transferred balance before any purchases or cash advances.

Until you pay off your transferred balance in full, you won't get any interest-free days on new purchases.

 

Video: How balance transfers work

If you already have an ANZ credit card

If your current ANZ credit card is an Airpoints, CashBack or Qantas card, consider changing to an ANZ Low Rate Visa to save on fees and interest, before applying for a balance transfer. 

Transfer to an ANZ Low Rate Visa

Transferring your balance to an ANZ Low Rate Visa can help you save money on interest.

Enjoy a lower interest rate on new purchases and no annual card fee.

If you don't pay off your transferred amount within 24 months, the standard purchase interest rate of —% p.a. will apply to any remaining balance transferred.

More about ANZ Low Rate Visa

Get started with our online form

Apply for an ANZ Low Rate Visa

The balance transfer process

Keep making payments on your old card

If we approve your application, we'll work with your old card provider to transfer the balance to your new or existing ANZ credit card. This can take up to 14 days.

While we process the transfer, keep making any payments due on your old card. If you don’t, that card provider may charge interest or overdue payment fees.

We transfer your balance

You'll get a letter from us confirming your balance has been transferred from your old card to your new or existing ANZ credit card.

Interest on your transferred balance will be charged at our balance transfer rate, currently —% p.a. for 24 months. 

Close your old card

First, check you've switched all direct credits or debits from your old card to your ANZ credit card.

Then contact your old card provider and ask them to close your card.

We can’t close your old card for you. 

Video: ANZ balance transfers

How to apply

Apply online

Apply for an ANZ Low Rate Visa.

Apply now

Call us

Monday to Friday, 8am - 7pm

Saturday and Sunday, 9am - 5pm

0800 269 277

From overseas: +64 4 470 3142

Visit us

Find your local branch and make an appointment to visit us.

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Not an ANZ customer?

You’ll need to join ANZ first. 

Join using the ANZ goMoney app by downloading it, then select Not a customer? Join ANZ > Join ANZ with a profile only. After that, you can apply for a credit card in the app or online.

Find and compare ANZ credit cards

Compare our cards

Select up to four cards to compare the interest rates, fees, rewards and benefits of each.

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Important information

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.

This material is for information only. Please talk to us if you need financial advice about your situation and goals or about balance transfers. See our financial advice provider disclosure at anz.co.nz/fapdisclosure