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 one of Australia's large credit card issuers. It offers a variety of cards including balance transfer products to help repay your debt without the cost of interest for a promotional period, low fee and competitive purchase rate products to keep your card costs to a minimum, reward 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 weigh up your options below.
Westpac Credit Card Offer
The Westpac Low Rate credit card is a no-frills credit card that will help you get in control of your finances. It also offers a long-term balance transfer if applied for online and approved, plus a low annual fee.
- $59 p.a. annual fee
- 13.49% p.a. on purchases
- 0% p.a. for 24 months with 2% balance transfer fee 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
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 offer 0% balance transfers for a promotional period. You can use these cards to transfer debt from up to three non-Westpac products as long as they don't exceed 95% of your approved credit limit. Once your application is approved, you can expect your card to arrive and the balance transfer to be finalised within a week or so. The promotional period begins immediately, so you'll enjoy 0% interest on your balance transfer until the end of the promotional period. Once the introductory offer ends, the balance transfer rate will revert to the standard purchase 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. As you'll see below, some cards come with 0% purchase rates for promotional periods, interest-free day offers and waived annual fees for the first year.
Rewards credit cards
Westpac offers a variety of products for cardholders looking to earn Altitude reward points as they spend. Some of these cards also come with bonus points offers to help you kickstart your rewards balance early. Earn rates and bonus points offer vary between products, though, so you should compare your options to find the card that offers you the most points potential. You can redeem your points through the Altitude rewards store for anything from homewares and beauty products to gadgets and travel goods. Frequent flyers also have the option to exchange their Altitude points for Velocity Points, Asia Miles, Airpoints, Malaysia Airlines Enrich miles or Singapore Airlines KrisFlyer miles. Some of these cards also allow you to opt to earn either Altitude points or Qantas Points, the latter of which you can redeem for flight rewards and other perks through the Qantas Frequent Flyer program.
Black credit card
Black 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.
Learn more about Black Credit Cards
The benefits of banking with Westpac
Credit card banking with Westpac can offer you the following perks and benefits:
Earn points as you spend
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 to pay with points on your account or redeeming them for products and perks through the Altitude Rewards store.
If you opt for a credit card that can earn Qantas Points, you can also look forward to redeeming rewards for flights, travel packages and products through the Qantas store.
Protection from fraud
You can shop with peace of mind knowing that Westpac's security covers can protect you if you're the victim of credit card fraud. The online transaction security guarantee will ensure you're not liable for transactions made without your knowledge or consent online. Plus, 24/7 fraud protection will monitor your account for irregular activity and CHIP technology can protect your card from counterfeit or skimming fraud.
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.
Samsung Pay functionality
If you link your Westpac credit card to Samsung Pay, you can use your Samsung mobile device to make contactless payments at the checkout.
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.
Required documents and information
Some of the information and documents you'll need to provide include:
- 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 accountant’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. 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, BankSA or St.George credit card to a Westpac credit card?
As they're owned by Westpac, you can't transfer balances from BankSA, St.George or Bank of Melbourne between eachother or to other Westpac cards. You can compare the cards you can and can't transfer between here.
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.