Balance transfers
If you have more than one credit card or store card, making repayments can be complicated. If you transfer your non-ANZ credit or store card balances to an ANZ personal credit card, you could get back in control and save money on interest so you could reduce your debt sooner1.
This offer is also available for existing ANZ cardholders.
ANZ balance transfer benefits:
- you could save money on interest repayments
- you could reduce the amount of fees you have to pay if you are paying fees across a number of credit and store cards
- having one credit card and one repayment is easier than managing multiple card repayments
- you can transfer balances from your non-ANZ credit or store cards onto any ANZ personal credit cards so you can find one that best suits your needs
- to make it easier, we’ll help you sort out the transfers.
How to make a balance transfer when applying for a new ANZ credit card
1. On your credit card application form, ensure you complete the balance transfer section.
2. Once your ANZ credit card application is approved you’ll be sent your new ANZ credit card. Activate your card by calling the phone number provided.
3. Once the credit card is activated, we may contact you to verify the balance transfer details. Upon activation your balance transfer will also be actioned automatically, provided that all your balance transfer details are correct. This can take between 3 and 15 business days depending on the institutions the funds are being transferred from1.
4. Once the balance transfer has been successfully processed, the transaction will appear on the transaction listing and also under the heading 'Accepted Promotions' on your ANZ credit card statement, which will outline the interest rate and the expiry date of the Balance Transfer.
How to make a balance transfer when you already have an ANZ credit card
1. Call 13 33 33 and press 2 (Monday to Friday, 8am to 8pm AEST). You will need to provide details of the balances to be transferred including:
- other bank's name
- card type
- account number
- BPAY® biller code
- amount to be transferred.
2. We will process the funds transfer. This can take up to 3 to 15 business days depending on the institutions the funds are being transferred from1.
3. Once the balance transfer has been successfully processed, the transaction will appear on the transaction listing and also under the heading 'Accepted Promotions' on your ANZ credit card statement, which will outline the interest rate and the expiry date of the balance transfer.
See how much you could save
Use the ANZ Balance Transfer Calculator to help you calculate the difference in interest charges between your old non-ANZ card and the ANZ credit card you wish to transfer your balance to.
See the Balance Transfer FAQs if you have questions about using the calculator.
Balance transfer interest rates
Regular balance transfer interest rates differ for each ANZ credit card. If you are using an ANZ special offer with your transfer, it will come with a special rate if you transfer during the offer period.
To find your ANZ credit card's regular transfer interest rate, simply select your card below.
- ANZ First
- ANZ Low Rate
- ANZ Low Rate Platinum
- ANZ Balance Visa
- ANZ Platinum
- ANZ Rewards
- ANZ Frequent Flyer
- ANZ Rewards Platinum
- ANZ Frequent Flyer Platinum
Balance Transfer Fee
A Balance Transfer Fee is a once off fee that may be charged on any promotional rate balance transfer offer that you apply and are approved for. The Balance Transfer Fee will be calculated as a percentage of the balance being transferred to your ANZ credit card account.
A 1% Balance Transfer Fee is applicable to all ANZ Balance Visa customers on balance transfers performed on a non promotional plan.
Things you should know
ANZ accepts balance transfers of $100 or more from other banks, financial institutions and store cards. ANZ is unable to accept a balance transfer:
- from other ANZ credit card accounts
- from credit cards issued outside Australia
- if the balance on your ANZ card has reached or exceeded 95% of the available credit limit balance
- if you are in default on any existing ANZ credit card account
- if the other account named in your application is in default at the time the application is received.
For other terms and conditions, please see the Balance Transfer FAQs.
Got a question about balance transfers?
Please see the frequently asked questions about balance transfers. If you would like to know more call us on 13 22 73.
1. ANZ will not be liable for any loss or damage whatsoever resulting from a delay in the process of receiving, approving or processing a balance transfer application.
