In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Westpac Low Rate Credit Card – Cashback Offer

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Westpac Low Rate Card - Cashback Offer
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Terms and conditions apply
Purchase rate
13.74% p.a.
Annual fee
$59 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

This low rate card offers up to $350 cashback in the first 7 months, with a $59 annual fee.

The Westpac Low Rate Credit Card currently gives you a way to get more value from your spending as a new cardholder, offering $50 cashback every month when you spend $1,000 for the first 7 statement periods from card approval. That means you can get up to $350 back. While a lot of cashback offers have one spend requirement you need to meet (e.g. $3,000 in the first 3 months), this one technically has 7 – but it does mean you can get some cashback even if you only meet the requirement for a couple of months.


  • Up to $350 cashback offer
  • $0 first-year annual fee for existing customers
  • Free additional cardholder


  • No rewards program
  • No additional perks like insurance covers or travel benefits

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The Westpac Low Rate Credit Card is suited to people who want a low-cost account with simple features. You can pay with it anywhere Mastercard is accepted, and get access to interest-free days for purchases if you pay your balance off in full by the due date on each statement. While it offers up to $350 cashback for new cardholders, keep in mind that it doesn't have an ongoing cashback or rewards program.


Product details

Product Name Westpac Low Rate Card - Cashback Offer
Purchase rate p.a.
Interest-free period
Up to 55 days on purchases
Cash advance rate p.a. 21.99%
Min credit limit $500
Max credit limit $50,000
Card type Mastercard


Available to temporary residents Yes
Minimum income $30,000
Joint application No


Bonus points N/A


Annual fee
Minimum monthly repayment 2% of the closing balance or $10, whichever is greater
Late payment fee $15
Foreign currency conversion fee
Cash advance fee 3%
Overseas cash advance fee 2%
Additional cardholder fee $0
Number of additional cardholders 1

How to apply

You can apply for the Westpac Low Rate Credit Card online in 10 minutes and receive a response in 60 seconds. Check that you meet the eligibility criteria and have the necessary information to complete the application first.

Eligibility criteria

  • New cardholder. The cashback offer is only available when you apply for the Westpac Low Rate credit card as a new cardholder before 31 July 2024. So if you currently hold a Westpac credit card or have held one in the past 12 months, you won't be eligible for this offer.
  • Age. You must be at least 18 years of age to apply.

Card benefits

  • Up to $350 cashback. If you apply as a new Westpac credit card customer by 31 July 2024, you'll get $50 cashback each month when you spend $1,000 or more on eligible purchases in the first 7 statement periods from card approval. Eligible spending covers most everyday spending. Transactions that won't count towards the spend requirement include account fees and charges, cash advance transactions, gambling transactions, balance transfers and purchases from or payment to a government or government related agency. The $50 cashback will be credited to your account within 60 days of meeting the minimum spend requirement for that statement period.
  • First-year annual fee waiver for existing customers. If you're already banking with Westpac, you'll get an annual fee waiver in the first year, which reverts to $59 p.a. thereafter.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a $59 annual fee.
  • Purchase rate. This card charges a variable purchase interest rate of 13.74% p.a.

Your reviews

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March 24, 2023

Will this affect my credit score and I have only just started work full-time so if I apply now only one payslip will show up


Amy Bradney-George Finder

March 27, 2023

Hi Sonya,

When you apply for a credit card, a credit enquiry is added to your report and that can affect your credit score. If you’re not sure what employment and supporting documentation will be needed, you could call the provider or check out Finder’s guide to applying for a credit card as a new employee. I hope that helps.

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