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ANZ Platinum Credit Card - 0% Interest for First 12 Months on Balance Transfer - $0 Annual Fee First Year

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ANZ Platinum Credit Card - 0% Interest for First 12 Months on Balance Transfer - $0 Annual Fee First Year
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smiles on 06/04/2017 - 21:18 campaigns.anz.com (600 clicks)
Last edited 06/04/2017 - 21:21

ANZ Platinum Credit Card

0% Interest on Balance Transfer for first 12 Months
0% Interest on Purchases for first 3 Months

$0 Annual account fee first year
$87 after that (or $0 if you make $20,000 of eligible purchases in 12 months)

Interest rate on purchases after the first 3 months is 19.74% p.a.
Interest rate on standard balance transfers after the first 12 months is 21.49% p.a

Interest rate on cash advances is currently 21.49% p.a.2

Up to 55 Days Interest Free on purchases3
when you pay your account in full each month

$6,000 Minimum credit limit

Purchase rate offer: After the first 3 months, the purchase rate will revert to the standard purchase rate, currently 19.74% p.a.
Balance transfer offer: After the first 12 months, any remaining balance on your balance transfer will revert to the
standard balance transfer rate, currently 21.49% p.a.

To apply for an ANZ Platinum credit card, you need to:
Be 18 years or over
Have a good credit rating
Be a permanent Australian resident, earning a minimum annual income of $35,000
Be a non-Australian permanent resident with more than 9 months remaining on your Visa, earning a minimum annual income of $35,000 or have $50,000 in Australian Authorised Deposit-taking Institution (ADI) accounts

Financial Credit Card

Related Stores

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closed Comments

  • su27km on 06/04/2017 - 21:39

    what it is good at? i can't see it at all. from my understanding, it is just a normal card and get 1 year fee waived.

    • DogGunn on 06/04/2017 - 22:02
      +2

      The 0% 12 month balance transfer. That's great for those trying to minimise their debt.

      • su27km on 06/04/2017 - 22:10

        so many card over BT for min 12 months with no annual fees.
        e.g. AMEX, ANZ, NAB etc….

  • arctan on 06/04/2017 - 22:14

    Is it 0 fee on transfer? Usually ANZ charges 3% of the balances transferred. Seems to be zero free in this promotion.

  • [Deactivated] on 06/04/2017 - 22:39

    I did it recently..Not many cards are truly no BT Fee plus no annual fee u can just close before you are charged for year two

    Most BTs charge u a few percent BT fee

    So this is a good deal

  • smiles on 06/04/2017 - 22:54

    Here is the complete information in a Nutshell….

  • smiles on 07/04/2017 - 09:45

    Could someone explain me as what is the exact meaning of this sentence ?
    You will not be eligible for interest free days until the balance transfer amount is paid in full.

    • rover98 on 07/04/2017 - 12:57

      If you have any outstanding balance transfer amount left in your card, then the interest free period (normally 55 days) doesn't apply to you. To enjoy the 55 day interest free period, first you have to clear the balance transfer amount. Otherwise, ANZ will charge you interest for all the purchases that you make from the date of purchase.

      • smiles on 07/04/2017 - 21:58

        Thanks my friend….

  • G14Classified on 05/05/2017 - 09:47

    does this promotion have an expiry date?

    • smiles on 05/05/2017 - 12:07

      as such no end date has been given

  • Smaland on 16/05/2017 - 16:41

    I got this offer. I don't see they mention any BT fee, can someone confirm please?

    I've been thinking to consolidate credit card balance from Commbank and Master28. I have never done BTs before.

    For example:
    Commbank about 3K (due end of next week) - anyway I will pay off this balance because I guess BT process will take longer than a week
    Master28 about 1K (due end of May)

    I am planning to put request to BT 12K from Commbank to ANZ, and 1K from Master28 to ANZ (my credit limit is 18K).

    My understanding is I will have 12K in Credit (surplus) on my CBA credit card.

    Anyone has the same experience? any tips or pitfalls (fees etc) I should aware of?

    • smiles on 16/05/2017 - 22:31

      @Smaland : Let me clarify your doubts

      1) there is no BT fee as such with the above ANZ offer with Platinum card..

      2) planning to put request to BT 12K from Commbank to ANZ <<—— Your understanding and needs don't match here.. You are availing ANZ BT offer here and NOT the other way around.. Meaning.. you will consolidate all debts from various or simply other credit card and use ANZs BT offer from your approved platinum card and pay off other cards balance… ( typically ANZ will do a BPAY for the BT amount you tell them to do )..
      In your case, you will ask ANZ to pay off CBA and\or Master28 bill and you will inturn pay that BTransferred amt back to ANZ in simple instalments in 12months.. (2% being the min monthly amt).

  • Smaland on 17/05/2017 - 11:56

    Thanks @smiles.

    When ANZ BPAY 12K to CBA, I can pull out that 12K out, is it correct?

    Thanks again

    • smiles on 17/05/2017 - 13:33

      No - Remember one simple rule - Do not ever ever withdraw money from Credit Card.. Instead once the money is transferred to CBA, you may use it for further purchases…

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