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ANZ raises credit card fees by between $5 and $25 per year; interest rates unchanged

ANZ raises credit card fees by between $5 and $25 per year; interest rates unchanged

ANZ have increased the annual fees they charge for credit cards.

This rise is across almost all its major cards, increasing from between $5 and $25 per year depending on the card.

Essentially, it removes the old National Bank 'Classic' pricing and brings fees for its cards more into line with other bank card issuers. There have been no changes to the interest rates they charge on credit cards.

A comprehensive listing of all credit card interest rates and fees can be found here ». Additional card fee information is here ».

The changes are ...

Annual card fees Old fee New fee
  $ $
ANZ Visa 25 30
ANZ Mastercard 25 30
ANZ Cashback Visa 50 60
ANZ Cashback Mastercard 50 60
ANZ Cashback Gold 95 105
ANZ Cashback Visa Gold 95 105
Qantas ANZ Visa 65 75
Qantas ANZ Visa Platinum 125 150

These changes position the basic ANZ credit card fees like this ...

Annual card fees Mastercard Visa
  $ $
ANZ 30 30
ASB 24 24
BNZ 30 30
GEM   48
Kiwibank Zero 0  
TSB Bank   30
Warehouse 34  
Westpac 44 44

A comprehensive listing of all credit card interest rates and fees can be found here ». Additional card fee information is here ».

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5 Comments

Why does anyone bank with Westpac

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Probably because ANZ put their credit fees up by $25 p.a.

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And they are still lots less than Westpac's...

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They are comparing Westpacs hotpoints card with ANZ so the match is ANZ cashback at $60.00 to Westpacs $44.00

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Correct.

e.g. ASB's cash back programme is $20p.a. on top of their $24 = $44 = same as Westpac's hotpoints.

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