Westpac 55 Day Credit Card – Rates and Fees

Take advantage of $0 annual fee in the first year and either a 0% p.a. for 18 months balance transfer offer or $200 cashback with the Westpac 55 Day credit card.

The Westpac 55 Day Credit Card is designed to be a straightforward option, with a low annual fee and up to 55 days interest-free on purchases. This card currently offers 0% p.a. on balance transfers for 18 months (with a 2% BT fee) or a $200 cashback offer when you apply by 26 October 2017.

It also offers an introductory $0 annual fee in the first year (normally $30 p.a.). After the first year, annual fees for subsequent years are waived if the minimum $5,000 yearly spend is met.

Product NameWestpac 55 Day credit card
Balance transfer rate (p.a.)0% p.a. for 18 months with 2% balance transfer fee
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (19.84% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)19.84% p.a.
Offer end date26 October 2017
Annual fee$0 p.a. annual fee for the first year ($30 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.29% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$25,000
Minimum Monthly Repayment2% or $10, whichever is greater
Card TypeVisa
Late Payment Fee$15
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$25,000
Annual Fee$0 p.a. annual fee for the first year ($30 p.a. thereafter)
Minimum Repayment2% or $10, whichever is greater
Late Payment Fee$15
Cash Advance Fee2% of the value of the transaction or a minimum charge of $2.50 will apply
Overseas Cash Advance Fee2%
Overseas ATM Balance check$0
Overseas ATM Withdrawal Fee$0
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders1
BPAYYes
ChequeYes
Direct DebitYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • New customers can enjoy an annual fee waiver for the first year if they apply by 26 October 2017.
  • A low balance transfer offer of 0% p.a. for 18 months or $200 cashback
  • Up to 55 interest-free days on purchases

Cons

  • This card does not offer a rewards program or any premium perks.

Westpac 55 Day Credit Card review

This Visa credit card provides worldwide acceptance for in-store, online or over-the-phone purchases. This no-frills credit card also offers up to 55 day interest-free period on purchases if you pay the balance in full by the due date on each statement. It also has a low standard annual fee of $30.

If you apply for this card before 26 October 2017, you can enjoy a $0 annual fee for the first year and in subsequent years when you spend $5,000 or more on purchases in each year from the date of the first transaction on your account. You can also choose between a 0% p.a. balance transfer offer for 18 months or $200 cashback.

Benefits of using a Westpac 55 Day Credit Card

Some of the most popular benefits of the Westpac 55 Day include:

  • No annual fee offer. Apply for this card before 26 October 2017 and you can enjoy $0 annual fee in the first year. The annual fee will also be waived in following years if you spend at least $5,000 on purchases using your credit card. Purchases are counted from the anniversary date of the first year’s annual fee waiver.
  • 0% p.a. balance transfer option. This card allows you to transfer balances from up to three non-Westpac credit accounts with an introductory rate of 0% p.a. for the first 18 months with a one-time $2 BT fee. The standard variable purchase rate will be applied to any balance left over after the interest-free period ends. Offer ends on 26 October 2017 and is not available in conjunction with the cashback offer..
  • Cashback offer option. If you choose the cashback offer you will receive $200 cashback when you spend $400 on eligible transactions within 90 days of card approval. Offer ends 26 October 2017 and is not available in conjunction with the promotional balance transfer offer.
  • Interest-free days. Pay no interest on your current purchases if you are able to pay the closing balance in full by the statement due date. This can give you up to 55 interest-free days on purchases.
  • Additional cardholder. This card offers1 supplementary cardholder at no extra cost, allowing you to share your account with a partner or family member.
  • Visa benefits. This card offers worldwide acceptance through the Visa network, Visa Zero Liability against fraudulent transactions and access to exclusive entertainment and experience offers through Visa Entertainment.
  • Contactless payments. This card's Visa payPass technology allows you to pay for in-store purchases under $100 by simply tapping your card against a terminal bearing the contactless symbol. You can also tap-and-go using a mobile phone by downloading the Westpac app to a compatible Samsung Galaxy S4, S5 or Note 3.

Features of the Westpac 55 Day Credit Card

Here are the key features to consider when comparing the Westpac 55 Day Credit Card.

  • Purchase rate. The standard variable interest rate on purchases is 19.84% p.a. It is important to note that any remaining debt from a balance transfer will revert to the standard purchase rate after the introductory period ends.
  • Cash advance rate. This card charges 21.29% p.a. for cash advances. Note that cash advance transactions are not eligible for interest-free days and will accrue interest from the time they are made.
  • Cash advance fee. If you use your card for a cash advance, a fee of 2% of the value of the transaction or a minimum charge of $2.50 will apply.
  • Annual fee. This card has a standard annual fee of $30.
  • Foreign transaction fee. A fee of 3% applies for all transactions made in a foreign currency.
  • Minimum credit limit. The minimum credit limit offered is $1,000.
  • Interest-free days. The interest-free period with this credit card is up to 55 days, as long as you pay your balance off in full by the due date on each statement.
  • Card security. This card offers protection with chip-and-PIN technology and Westpac's Fraud Money Back Guarantee. The Westpac Added Online Security service also provides extra peace of mind when shopping online at participating retailers.

How to apply for the Westpac 55 Day Credit Card

You can apply for the Westpac 55 Day Credit Card online in around 10 minutes and will get a response within 60 seconds. Before you begin, make sure you meet the eligibility requirements for this card, and have all the relevant documents and details on hand.

Eligibility criteria

  • You must be at least 18 years old
  • You must be a permanent Australian resident or citizen
  • You must have a good credit rating to be eligible for this card
  • Only individuals who are not currently holding an open Westpac credit card product can apply

Required documents

  • Personal details. This includes your full name, address, contact information and residential information.
  • Identification. A valid Australian driver’s licence, Medicare card or passport is required to verify your identity for the application.
  • Income and expenses. You will need to provide details of your annual salary, as well as payslips or bank statements showing regular deposits. You also need to outline your financial commitments, such as mortgage payments, existing card or loan debts and regular household bills and expenses.
  • Employment details. This includes your position, the length of your employment, your salary, and your employer's name and contact details.

The Westpac 55 Day Credit Card is a straightforward, no-frills product that offers savings through a low annual fee and up to 55 days interest-free on purchases. But as there are other low-cost cards on the market, it's important to consider a range of options so that you can find a product that suits your circumstances and needs.

Frequently asked questions

Applying for more than one credit card at a time leads to more enquiries on your credit report, which could have a negative impact on your credit score. Instead, you may want to compare credit cards before you apply, so that you can choose a card that offers the greatest chance of approval based on your circumstances.
While Westpac does have credit cards for non-permanent residents, this is not one of them. You will need to look into their Migrant Credit Card which gives you the option of a rewards, low annual fee, low interest rate or platinum credit card. You can also read our guide on credit cards for temporary residents for more options.
If you make $5,000 in purchases in one year starting from the anniversary date of the card, you will not be charged the $30 annual fee.
No, the primary cardholder assumes all responsibility for the account, including the activities of the additional cardholder.

Back to top
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

119 Responses

  1. Default Gravatar
    ValerieOctober 20, 2016

    I didn’t receive my goods and think I’ve been scammed when using my Visa through PayPal. Will Visa reimburse my money? I know they can replace a broken item bought with a Visa card. I’ve tried this before.

    • Staff
      JasonOctober 20, 2016Staff

      Hi Valerie.

      Thank you for your inquiry.

      If you sent a payment but haven’t received what you paid for, or believe the seller to be fraudulent in Paypal, you should visit their Resolution Center. Just log in to your PayPal account, click “Resolve a problem in our Resolution Center”, then click “Dispute a Transaction” and select either “Item dispute” or “Unauthorized transaction”, depending on the nature of your dispute and just follow the instructions or prompts on the screen. Alternatively, you can contact Visa Card at 1800 125 440 or 1800 450 346 to verify or report a fraudulent transaction.

      Cheers,
      Jason

    • Default Gravatar
      October 20, 2016

      I called PayPal and they said that they can’t pursue the matter anymore because it was over 180 days ago (January 2016). Because I paid $751.80 (€450.46 Euro) using my Westpac Visa card, I was hoping that there might be some way to retrieve it.

    • Staff
      JasonOctober 21, 2016Staff

      Hi Valerie.

      Thank you for reaching out.

      I’m sorry to hear that you are were unable to get any resolution to this concern. Please contact your card provider or financial institution to check with them if there’s still a way to retrieve your money. You can also call Visa Global Customer Care Services toll-free at 1800 450 346 or 1-800-125-440 for further inquiry or assistance.

      I hope this helps.

      Cheers,
      Jason

  2. Default Gravatar
    sightseeingMay 25, 2016

    Hello! And what is a travellers’ card? Is it suitable than a credit card? Thank you.

    • Staff
      MayMay 26, 2016Staff

      Hi Sightseeing Tour,

      Thanks for your inquiry.

      A travel card is a convenient way to access your travel cash while you’re on a trip. There are three main types of travel cards available in Australia: prepaid travel cards, credit cards and debit cards. The best option among the three depends on entirely on your own financial situation, travel plans and spending habits. So, it’s best that you make a comparison and see which one of these cards really gives you the highest benefits when you bring them abroad.

      Cheers,
      May

  3. Default Gravatar
    AlJanuary 6, 2016

    With this special offer I assume The 12 month interest free on purchases supersedes the 55 day interest free terms on the card?

    Thanks

    • Staff
      SallyJanuary 7, 2016Staff

      Hi Al,

      Thanks for your question.

      That’s correct. The 55 interest-free days will come in handy once the 12-month promotional period ends. Please note that you have to pay your balance in full by the end of the statement period to take advantage of up to 55 interest-free days on purchases.

      I hope this has helped.

      Cheers,

      Sally

  4. Default Gravatar
    armaanJuly 10, 2015

    I have received a letter by Westpac bank offering me a credit card but I don’t have a good credit history. I have 40-50 grand in my saving accounts in Westpac bank so I just want to know if I proceed with this credit card application, is there any chance of getting approved or not?

    • Staff
      JonathanJuly 13, 2015Staff

      Hi Armaan, thanks for your inquiry!

      It is important to assess your own ability to repay and manage a credit card service. If there have been defaults or late payments on your credit file this may be an inhibition to your application process. Please refer to the following link for requesting a copy of your credit file to ensure good understanding of your current credit status.

      Cheers,

      Jonathan

  5. Default Gravatar
    helenMay 11, 2015

    Hello,
    I was looking to apply for this credit card however before I do, I would like to read the Consumer Credit Card – Conditions of Use file which will not open on multiple devices that i used.

    Where could I locate a link that works?

    Cheers

    • Staff
      JonathanMay 12, 2015Staff

      Hi Helen, thanks for your inquiry!

      Please refer to the PDF I have sent to your email for the terms and conditions of this product.

      Cheers,

      Jonathan

  6. Default Gravatar
    May 4, 2015

    Hi,
    I am not an permanent resident of Australia, but currently on employer sponsored visa 457 for 4 years and staying in Australia for the past one year with a good credit history.
    Am I eligible to apply for this card?

    many thanks

    alex

    • Staff
      JonathanMay 4, 2015Staff

      Hi Alex, thanks for your inquiry!

      Westpac supports applications with 457 Visa’s. The Migrant Credit Card gives you the option of choosing between Rewards, a Low Annual Fee, Low Interest Rate and Platinum Card. Migrant Credit Cards are only available through applying at your local branch.

      Cheers,

      Jonathan

  7. Default Gravatar
    April 17, 2015

    I will be taking a cruise shortly with MSC Cruises. They stipulate that Travel Cards and debit Cards are not acceptable. The currency on board is Euro. If I were to book a shore excursion which is advertised here by MSC and is quoted in AUD, would this be converted to Euros and then when I pay my Visa statement would it be reconverted to AUD ? My card has no foreign fees.

    • Staff
      JonathanApril 17, 2015Staff

      Hi Frank, thanks for your inquiry!

      As per the terms and conditions when booking, “Please note you must select AUD or NZD at top of screen before booking so that the correct currency is charged for payment as this cannot be amended at time of payment.” This means that if you select AUD or NZD the respective currency will be charged to your card. If transactions were made on board currency would be converted to Euro at the bank’s buy rate Aud/ Eur.

      Cheers,

      Jonathan

  8. Default Gravatar
    TeeApril 15, 2015

    Hi just wondering… If I have a bad credit history in NZ will this impact my chances?

    • Staff
      JonathanApril 15, 2015Staff

      Hi Tee, thanks for your inquiry!

      Unless the bad credit history stems from a company that has international presence, credit history’s do not transfer to another country. As a result your credit rating will be at a neutral standing in the new destination.

      Cheers,

      Jonathan

  9. Default Gravatar
    March 5, 2015

    Hi, it states on this card westpac 55 day card, no annual fee for the life of the card, but in the summary states a $30 annual fee. Can you please clarify

    • Default Gravatar
      March 5, 2015

      Please remove the no annual fee for life of the card advertising. It is false and misleading

    • Staff
      JonathanMarch 5, 2015Staff

      Hi Karen, thanks for your inquiry.

      The no annual fee for life is available when you spend $5,000 or more on purchases in each 12 months from the anniversary date of the first year’s annual fee waiver.

      Cheers,

      Jonathan

    • Staff
      JonathanMarch 5, 2015Staff

      Hi Karen, thanks for your inquiry!

      The annual fee for this card is $0 p.a. for the first year and $30 p.a. thereafter.

      Cheers,

      Jonathan

  10. Default Gravatar
    LindsayJanuary 31, 2015

    Does this card have “tap n go” / “pay wave” ?

    With additional card holders, are they listed on the account details.
    ie. as a “joint account” or is the account the responsibility only of the primary account holder ?

    • Staff
      JonathanFebruary 2, 2015Staff

      Hi Lindsay, thanks for your inquiry.

      This card comes Paywave enabled. Additional cardholders are listed on the account details, and are separate to the joint account type. It is important to note Westpac does not allow joint-account credit cards.

      I hope this helps!

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated September 20th, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 24 months
$90 p.a.
Until 1 October 2017, exclusive to finder.com.au, enjoy a no BT fee, balance transfer offer with platinum privileges, including travel insurance.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 18 months
$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
feedback