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Published July 8, 2024

ANZ First Credit Card Overview 2024

The ANZ First credit card is a simple, low-fee option that may be a suitable solution for many — even customers with no credit history can apply.

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ANZ First credit card


20.99% p.a. / 21.99% p.a.



The ANZ First credit card’s $30 fee is the lowest annual fee of all the bank’s credit card offerings ($30), plus it’s waivable for the year for eligible applicants. New cardholders can also receive $125 back by spending at least $750 on eligible purchases in the first three months. 

While the card does not earn rewards, ANZ promotes the use of Cashrewards — an online shopping platform with cashback deals and rewards. 

Fees, interest rates and other details

FeatureANZ First credit card
Annual fee$30 ($0 for the first year).
Variable purchase rate20.99% per annum.
Variable cash advance rate21.99% per annum.
Cash advance fee3% (between $3-$20).
Balance transfer rate21.99% per annum.*
International transaction fee3% of the transaction.*
Late payment fee$20
Minimum credit limit$1,000
Interest-free days on purchasesUp to 55 days interest-free (if the statement balance is paid in full by the statement due date. Remember, this will not apply to cash advances).
Additional cardholdersFree (up to three; applicants must be 16 years old).
Card networkVisa.
Intro offerEarn $125 back (generally as a statement credit) when you spend at least $750 on eligible purchases in the first three months of card ownership.*
Rewards programNone, but the card comes with access to the Cashrewards program (though this offer is not exclusive to ANZ cardholders).
InsuranceExtended warranty and purchase protection.*
Benefits• Access to ANZ Instalment Plans — a buy now, pay later-style program to pay for eligible purchases over three, six or 12 months.*
• 24/7 anti-fraud protection with ANZ Falcon.
• Fraud money back guarantee.*
• An embedded card security microchip.
• Visa secure (formerly known as Verified by Visa).
• Compatible with digital wallets and wearables, such as Apple Pay, Google Pay, Samsung Pay and Garmin Pay.
• Digital cards are instantly available for use once approved. Physical cards are available upon request.

*Additional terms and conditions apply.

Basic overview

The ANZ First card is a low-fee credit card that offers up to 55 interest-free days on purchases and up to three free additional cards. You also get 24/7 anti-fraud protection with ANZ Falcon and can use the card with most digital wallets and wearable devices. 

You can apply for the ANZ First credit card even if you don’t have a credit history. ANZ states that while credit history is a factor in deciding eligibility, it’s not the only one — they also look at your employment history, assets, liabilities and expenses. 

» MORE: How to get a credit card in Australia

Understanding the monthly fee

Over time, the rewards and benefits of a credit card could potentially outweigh the annual fee, depending on how you use the card. Here’s one way you could ‘cover’ the cost of the $30 annual fees over time:

Understanding the balance transfers

Cardholders can apply to transfer balances of $100 or more from eligible non-ANZ Australian credit and store card debts to the ANZ First credit card, up to 95% of the card’s credit limit. Before you request a balance transfer:

Mind the revert rate

If you have a credit card balance on a card with a higher interest rate, moving the balance to one with 0% interest could save you money — and give you time to pay down the balance. Remember that the new card’s standard interest rate applies once the promotional period ends. So, ideally, you want to pay off the debt during the 0% interest period. It’s also important to consider the new card’s standard rate versus the interest rate you are paying on your current card, especially where you may be unable to pay the balance transfer off within the 0% interest rate period.

Offers and rewards

You can earn $125 back as a statement credit when you spend at least $750 on eligible purchases in the first three months. ANZ provides this offer and is separate from the Cashrewards program.  

The annual fee ($30) can also be waived for the first year.

The above offer and the redeemable value of the points were current at the time of writing and are subject to change.  

The ANZ First credit card does not earn rewards directly. However, eligible cardholders can earn cashback by shopping through Cashrewards — an online rewards platform. 

You don’t need an ANZ credit card to open a Cashrewards account, but you’ll need one to earn rewards. Cashrewards offers displayed on the ANZ mobile app may differ from what’s on the Cashrewards website and are not necessarily exclusive deals for ANZ cardholders. 

Cashback earned via the Cashrewards platform gets deposited into your Cashrewards account. It can take between 14 and 100 days for the cashback to be approved and deposited. You can then transfer the cash from your Cashrewards account into a PayPal or bank account.  


Who may be eligible?

To apply for an ANZ First credit card, you need to:

Who might be suited to this card?

According to ANZ’s Target Market Determination (TMD)[1], the ANZ First card is designed for customers who:

Who might not be suited to this card?

Based on the above TMDs, ANZ has not designed this card for customers who: 

How to submit an application

To apply for the ANZ First credit card, click the ‘Apply online now’ button on the website and follow the online prompts. It’s recommended that you have the following items handy before you start the credit card application process:

» MORE: How long does it take to get a credit card?

Customer satisfaction ratings

Note: Customer review websites can be insightful, but keep in mind that the reviews may not accurately reflect the average experience; for example, unhappy customers may be overrepresented in these reviews. Products also change over time, and reviews may reflect experiences with features and benefits that are no longer available. Nevertheless, these sites are one way to learn more about the company and the products on offer before you make a decision. 

As of this writing:

NerdWallet does not endorse the above scores or reviews and provides them for illustrative purposes only.

Frequently asked questions

How much does the ANZ First credit card cost?

The ANZ First credit card has a $30 annual fee, waivable in the first year. Don’t forget, there are also other fees and charges that you may need to pay.

What is the ANZ First credit card interest rate?

The purchase interest rate for the ANZ First credit card is 20.99% (21.99% for balance transfers and cash advances).

Article Sources

Works Cited


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