ANZ are currently offering 2.9% on balances transferred for 12 months.
When I first left high school, I decided I wanted a credit card. Being young and stupid, I thought it would be clever to apply for thirty credit cards at once - after all, I was bound to be approved for one, right? Actually, the resulting number of credit enquiries on my Baycorp file made it very difficult to get finance for the following five years, but I was accepted for one card: The ANZ Low Rate MasterCard.
So I have some stories about this card. Like the time I went to Europe and left my wallet on the Trenitalia between Rome and Florence. I called ANZ and they couriered a replacement card to me the same week. Or the time I had to make an emergency trip to Melbourne and my card was maxed out. I called ANZ and they gave me a credit limit increase over the phone.
I don't have the card anymore - they gave me a different one with my home loan, but I speak from a position of experience when I say this is a great card for young people.
As the name hints, the purchase rate it quite low (13.49%), although it's easy to be stung by the cash rate of 21.74%. The annual fee is mediocre ($58), but you do get 55 days interest free, which is great for an entry-level card.
Overall, the ANZ Low Rate MasterCard is ideal for students on those getting their first credit card, but you'll need to avoid getting cash out. I'd suggest you link the card to a savings account and use that for cash withdrawals and BPay.
