Whether you want to conduct a balance transfer, save with low-interest rates and fees or earn reward points as you spend, compare Westpac credit cards to find the right card for you.
Westpac is Australia's third leading credit card issuer and has an award winning and reputable range of credit cards. It offers a variety of cards including balance transfer products to help repay your debt without the cost of interest for up to 16 months, low fee and competitive purchase rate products to keep your card costs to a minimum, rewards credit cards to pick up points as you pay and premium products for big spenders who want more bang for their buck.
If you're not sure which Westpac credit card is for you or wonder how they compare to other credit card issuers on the market, you can use this guide to compare your options below.
Westpac Credit Card Offer
The Westpac Low Rate credit card is a no-frills credit card from Westpac that will help you get in control of your finances. It features a low interest rate on purchases and balance transfers plus a low annual fee.
- $59 p.a. annual fee
- 1% p.a. for 12 months (reverts to 13.49% p.a.) on purchases
- 0% p.a. for 16 months on balance transfers
- Cash Advance Rate of 21.49% p.a.
- Up to 55 days interest free
- Minimum Income Requirement of $15,000 p.a.
Comparison of Westpac Bank Credit Cards
Rates last updated December 5th, 2016.
- Westpac Altitude Black - Exclusive Offer
New exclusive offer of 100,000 bonus Altitude or Qantas Points which is valid until 5 January 2017
October 18th, 2016
- Westpac Business Choice Rewards Card - Qantas Frequent Flyer
40,000 bonus Aquire Points offer has been extended until 31 January 2017.
November 4th, 2016
- Westpac Business Choice Rewards Card
40,000 bonus Acquire Points offer has been extended to 31 January 2017.
November 4th, 2016
Types of credit cards from Westpac
Whether you like to get rewarded or you simply want a credit card with a low fee or a low rate, Westpac offers a number of credit cards that cater to the needs of most consumers. Have a look at the different types of Westpac credit cards in the product tables below.
Balance transfer credit cards
A number of Westpac credit cards come with 0% balance transfers for up to 16 months, which you can take advantage of when you apply for a new card. If you're struggling to repay a debt that's collecting interest, a 0% balance transfer credit card can help you repay your balance without the burden of additional interest costs. You can balance transfer up to 95% of your approved limit from up to three non-Westpac accounts. Once your application is approved, it can take up to six days for your card to arrive and an extra two days for the balance transfer to be finalised. Once the promotion ends, the balance transfer rate will revert to the standard cash advance rate. See our step-by-step guide on how to complete a balance transfer with Westpac for further information.
Low rate and low fee credit cards
Westpac can help you save on standard credit card costs with low rate and low fee credit cards. So whether you want to save on interest costs on when making purchases or enjoy a low annual fee (or both), you can compare low rate and low fee cards below. These cards are no-frill products that come with the basic features you need to manage your credit card costs without the weight of high interest.
Rewards credit cards
Westpac Altitude cardholders can earn between 1 and 2 Altitude reward points on all eligible purchases they spend. These points can then be redeemed for Velocity Points, cash back on your account, travel packs and a variety of products including fashion and beauty, homewares and appliances as well as technology and entertainment. As these cards come with an annual fee, make sure that the value you get from your rewards outweigh this cost to enjoy the full potential of your card.
Black credit card
On the other end of the scale to low rate and low fee credit cards are black credit cards. Westpac was the first Australian institution to offer a black credit card to the market. These cards offer the highest tier of frequent flyer or rewards points earning and they’re packed with value adding features like insurance and airport lounge passes. This all comes at the price of a high annual fee and a high ongoing purchase rate of interest, though. So make sure that the benefits of the card outweigh the costs if you want to get the most value from your black credit card.
The benefits of banking with Westpac
Credit card banking with Westpac can offer you the following perks and benefits:
Get rewarded with Altitude Rewards
Choose a Westpac credit card that rewards you with frequent flyer points or Altitude Points when you charge the cost of an eligible purchase to the account. Direct earn frequent flyer credit cards earn you more frequent flyer points when you spend, however, the Westpac Altitude Rewards Program gives you the flexibility of transferring your points to frequent flyer programs, using it for cash back on your account or redeeming them for products and perks through the Altitude Rewards store.
Protection from fraud
You can shop with peace of mind knowing that the Westpac Security Guarantee covers you if you’re the victim of credit card fraud while shopping online. Westpac Falcon also monitors your account for suspicious activity 24/7 and will notify you immediately if they identify an issue. Otherwise, if they can't get in touch with you, they'll block the account to protect your finances.
The Westpac Global Alliance ATM network
When you become a Westpac credit card holder, you can use your card to withdraw cash for free at ATMs that are part of the Westpac Group. This includes ATMs offered by Westpac, St.George and the Bank of Melbourne. You can also save on ATM withdrawal fees worldwide thanks to the Westpac Global ATM alliance.
Annual fee waiver
With the Home Loan Premier Advantage Package, pay no annual fee on any one of the following credit cards:
- 55 Day
- 55 Day Gold (no longer available)
- 55 Day Platinum Visa
- Altitude (including Altitude Qantas)
- Altitude Platinum (including Altitude Qantas Platinum)
- Altitude Black (including Altitude Qantas Black)
- Earth (no longer available)
- Earth Platinum (no longer available)
- Earth Black (no longer available)
- Low Rate
There is only one fee waiver on a credit card per Premier Advantage package.
How to apply for a Westpac credit card
Check our review and application pages for the eligibility criteria specific to each type of credit card. For example, their black and platinum credit cards have a higher minimum income requirement than their low rate credit cards. Although the eligibility criteria may vary between products, the documentation requirements are the same for most personal credit card applications.
- Personal information. You’re required to provide Westpac with information about your current (and sometimes previous) address, your full name, date of birth and details about your current living situation, like whether you have any dependents, whether you rent and more.
- Financial details. Westpac also needs information about your finances in order to assess your application for credit. Be prepared to provide information about your income, your employer, whether you have any debt and your ongoing expenses.
- Balance transfer information. If you want to transfer a balance to a Westpac credit card, you’ll need to provide information about the credit card you want to transfer from.
- Self employed. Self-employed applicants are required to provide recent tax returns or their account’s details.
Frequently asked questions
If you have a question about Westpac credit cards, use the form below to get in touch with us. Alternatively, you can check the frequently asked questions about Westpac credit cards for an answer.
How do I transfer a balance to a Westpac credit card when I apply?
To transfer your existing credit card debt to a Westpac credit card under a balance transfer promotion, proceed through the online application as normal, and you’ll be asked whether you want to transfer a balance when it comes to the point of the application where you’re asked about your financial situation. Enter the card number, the amount you want to transfer and select the name of the institution that provides the card. See our guide on how to conduct a balance transfer with Westpac for further information.
How much can I transfer to a Westpac credit card?
You can transfer up to 95% of your approved credit limit to a Westpac credit card. For example, if you are approved for $10,000, you can do a balance transfer of up to $9,500.
Can I transfer a balance from a Bank of Melbourne or St.George credit card to a Westpac credit card?
What’s the minimum repayment on my Westpac credit card?
You must make a payment to your credit card every month as advised by your monthly statement. Your statement will note when the payment is due and what minimum payment is required. The minimum payment will be equal to 2% of the closing balance or $10, whichever is greater – added on to any unpaid due amount. If you need to move your statement date so it coincides with your pay, then you can call Westpac to discuss this.
Please note that only paying the minimum repayment will result in you collecting interest unless a 0% promotion is in place. If a promotion is in place, you won't be able to pay your balance in full before the offer ends and regular interest rate applies if you only pay the minimum repayment each month.
How can I repay my Westpac credit card?
There are a number of options available to pay your Westpac credit card balance. If you have a Westpac transaction account, you can transfer the fund to your credit card account via the online banking facility. If your main account is with another financial institution, you can pay your Westpac credit card using BPAY, or you can pay your statement in person at a Westpac branch. You can even send a cheque in the mail if this is your preferred payment option.
When is the annual fee charged?
The annual fee is generally charged to the first statement period, and to the anniversary of that statement after that.
Which frequent flyer programs can I transfer my Altitude Rewards points to?
You can transfer your Westpac Altitude Rewards to Air New Zealand Airpoints, Cathay Pacific Asia Miles, Malaysia Airlines Enrich, Singapore Airlines KrisFlyer and Virgin Australia Velocity programs. Please note that you must already belong to these frequent flyer programs if you'd like to transfer your points to those accounts. For more information about how you can transfer your Westpac Altitude Rewards points to your chosen reward program.