The ANZ Low Rate – Credit Back Offer provides a competitive intro purchase rate of 13.74% p.a. and annual fee of just R58. As a standout reward, you can receive R400 credited to your account upon spending R5,000 on qualifying purchases within your first six months. This makes it a strong option for those seeking both affordability and rewards.

How to Apply Step by Step

• Choose your preferred card application method (online is fastest)
• Confirm that you meet eligibility requirements: age, income, and residency
• Prepare identification and summary of income and expenses
• Fill in the application with accurate details and submit
• Wait for approval, which often arrives within 60 seconds

Pros of the ANZ Low Rate – Credit Back Offer

The low ongoing purchase rate helps you manage balances more affordably. Additionally, the R400 credit back on R5,000 spend boosts the card’s overall value, especially if you use it for everyday purchases.

Annual fees remain on the lower side, supporting budgeting without excessive monthly outgoings. The straightforward application can lead to instant approval, making the process very convenient.

Cons of the Offer

The cashback is conditional on high first six-month spend, so it may not suit low spenders. If you don’t reach the qualifying amount, you miss the main reward.

The 21.99% p.a. balance transfer rate after intro period is quite steep, so it’s not ideal for long-term carried balances or large unpaid amounts.

Our Verdict

The ANZ Low Rate – Credit Back Offer delivers a nice blend of a competitive purchase rate, manageable annual fees, and a valuable cashback reward. It is best suited to disciplined spenders who can meet the initial spend requirement to unlock the credit back benefit. As an independent reviewer, I recommend it for those prioritising cost-efficiency and value in their credit card selection.