ANZ Visa Business Low Rate credit card

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The ANZ Visa Business Low Rate Card is a low interest business credit card with a low purchase rate of 13.90% p.a. and an annual fee of $35.

Who is this card suitable for?

This card might be suitable for businesses that expect to sometimes carry a balance on their credit card. We encourage you to compare all credit cards on our website to help make a more informed decision.

Key Features

Purchase Rate: 13.90%
Cash Advance Rate: 20.95%
Balance Transfer: N/A
Annual Fee: $35.00
Interest Free Days: 55 days
Minimum Repayment:
Card Reward Details: No Rewards
Credit Limit:
Other Fees: Additional card $5

IMPORTANT NOTE: please review the credit card details on the provider's website again before applying.

ANZ Visa Business Low Rate credit card Review

Pros and Cons

We've compiled below the pros and cons of the ANZ Visa Business Low Rate credit card to help you decide.

Pros

Low Interest Rate

Cons

No Rewards. Other No annual fee credit cards such as the Amex Airpoints credit card offer rewards.
Annual Fee

What we like about the ANZ Visa Business Low Rate Card

Low Interest Rates

One of the standout features of the ANZ Visa Business Low Rate Card is its competitive interest rate on purchases of 13.90%. This makes it an attractive option for businesses that tend to carry a balance on their credit card.

Drawbacks of the ANZ Visa Business Low Rate Credit Card

Higher Cash Advance Rate

While the ANZ Visa Business Low Rate Card offers a competitive purchase rate of 13.90% it charges a high cash advance rate of 20.95%. This means using your card for cash withdrawals can quickly become expensive. It is advisable to avoid cash advances with this card unless absolutely necessary.

Limited Rewards Program

Unlike some other credit cards, the ANZ Visa Business Low Rate Credit Card does not offer a rewards programme. If earning points or cashback on your purchases is a priority for you, this card may not be the best fit, consider no annual fee credit cards or rewards credit cards.

Is the ANZ Visa Business Low Rate Card Right for your business?

Ideal User Profile

The ANZ Visa Business Low Rate Card is best suited for business who prioritise low interest rates over rewards. If your business tends to or plans to carry a balance on their credit card, the lower interest rate can save you money.

How to Apply for the ANZ Visa Business Low Rate Credit Card

Online Application Process

Applying for the ANZ Visa Business Low Rate Card is straightforward and can be done online. Follow these steps to complete your application:

Click "Apply Now" on this page to visit the ANZ website
On the ANZ Visa Business Low Rate Card page click on the 'Apply Now' button.
Fill in the required personal and financial information.
Review your application to ensure all details are correct.
Submit your application and wait for a confirmation email.

Approval Timeframe

Once you have submitted your application, ANZ will review it. The approval process typically takes a few business days. You will receive an email notification regarding the status of your application. If additional information is required, ANZ will contact you directly.

Tips for a Successful Application

To increase your chances of approval, consider the following tips:

Ensure all information provided is accurate and complete.
Have your identification and financial documents ready for verification.
Maintain a good credit score by managing your existing debts responsibly.
Double-check your application for any errors before submission.

By following these steps and tips, you can smoothly apply for the ANZ Visa Business Low Rate Card and enjoy its benefits.

Frequently Asked Questions

What is the interest rate for purchases with the ANZ Visa Business Low Rate Card?

The interest rate for purchases with the ANZ Visa Business Low Rate Card is 13.90% per annum.

Is there an annual fee for the ANZ Visa Business Low Rate Card?

Yes, there is an no annual fee of $35 for the ANZ Visa Business Low Rate Card.

How many interest-free days do you get with the ANZ Visa Business Low Rate Card?

You can get up to 55 interest-free days with the ANZ Visa Business Low Rate Card.

What is the interest rate for cash advances with the ANZ Visa Business Low Rate Card?

The interest rate for cash advances is 20.95%.

Eligibility Requirements:

Your eligibility for this card would depend on a few criteria listed below. When you apply for the card, ANZ would ask you a few questions about these criteria to determine your eligibility.

Income
Expenses
Debts
Assets
Savings
Investments

**You have to be a New Zealand permanent resident, and have a good credit history to apply for a ANZ Credit Card.

Documents:

In general the following documents are usually required for credit card applications.

Proof of Income:

One of the following:

your most recent payslip or salary notice
copies of bank statements that show your pay or salary deposits
a letter from your employer confirming your income
an Inland Revenue Department (IRD) “summary of earnings” notice.

If you’re self-employed, you must supply:

signed financial statements for the past two years
a signed personal Statement of Financial Position
your personal tax return.

Proof of Identity:

A copy of one or two items from List 1. If you provide only one item from List 1, you must also provide one item from List 2.

List 1:

Current passport
New Zealand drivers licence
18+ card
Photo Credit Card

List 2:

Most recent bank statement
Debit card
Credit card
Community services card
Club or society card.

Are you interested in a low rate credit card? Compare ALL low interest credit cards on our low rate credit cards page.

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What is the best credit card in New Zealand?

We've been asked this question a lot so we have compiled our pick of the best credit card in NZ but keep in mind that the best credit card for you depends on your personal circumstance and needs. To find the best credit card for you, we recommend that you compare all credit cards in NZ on our website or narrow down your search by popular credit card types as shown below. Use the top menu of the page to select more credit card types.