Westpac 55 Day Credit Card – Review

Information verified correct on January 22nd, 2017

Save on credit card costs with a $0 annual fee for the first year and an introductory purchase rate of 1% for up to 12 months, plus repay your debt with 0% p.a. for 16 months on balance transfers.

Important Information

The Westpac 55 Day Credit Card is no longer available for new applications. However, we've kept the information online for the benefit of existing customers and for those who are interested.

You can compare the current range of Westpac credit cards here.

The Westpac 55 Day Credit Card is a no-frills credit card that can be used anywhere Visa is accepted internationally. You don’t have to pay any annual fees for the first year, and you can look forward to subsequent years’ fee waiver by meeting a preset annual spending limit.

You can use this card to transfer balances from up to 3 non-Westpac existing cards and make use of its special 0% p.a. for 16 months on balance transfers.

Westpac 55 Day credit card review

If you’re looking for a basic credit card that comes with a balance transfer offer, this Visa credit card could be an option. The card offers 0% p.a. interest on transferred balances for the first 16 months and if you apply during an ongoing promotional period, you can also take advantage of the introductory purchase rate offer at 1% for up to 12 months and receive an annual fee waiver for the first year.

Additional savings can also come in the form of up to 55 interest-free days on purchases provided you pay the closing balance completely by the statement due date each month.

Benefits of the Westpac 55 Day credit card

  • Introductory purchase rate offer. This card offers an introductory purchase rate of 1% for 12 months (reverts to the standard purchase rate of 19.84% p.a. after the promotional period ends).
  • Balance transfer offer. You can save in the form of interest if you use this card to transfer balances from up to 3 non-Westpac existing cards, simply because you don’t have to pay any interest on transferred balances for the first 16 months.
  • Annual fee waiver. If you apply and get approved, you won’t have to pay any annual fees for the first year. After the first year, annual fees for subsequent years are waived if the minimum $5,000 yearly spend is met.. This offer is available on new card applications.
  • Contactless technology. The Westpac 55 Day credit card is Visa payWave enabled, so you can use your card to make contactless payments for purchases less than $100 where the technology is supported.
  • Use globally. Visa credit cards find acceptance in most countries around the world, so you can use this card just about anywhere you go, including EFTPOS terminals and ATMs displaying the Visa logo.

Features of the Westpac 55 Day credit card

  • Annual fee. This card has a standard annual fee of $30, but charges an annual fee of $0 if you apply and get approved. After the first year, annual fees for subsequent years are waived if the minimum $5,000 yearly spend is met. This offer is available on new card applications.
  • Balance transfer offer. If you apply for a new card and request a balance transfer application, you can receive a 0% p.a. balance transfer rate for the first 16 months. The minimum you can transfer is $200 and you can transfer up to 95% of the approved credit limit. Any outstanding balance at the end of the 16-month period will attract the card’s purchase rate.
  • Interest-free days. If you pay your account’s closing balance completely before each due date, you can make use up to 55 interest-free days on purchases.
  • Credit limit. The minimum credit limit of this Visa credit card is $1,000 and the maximum depends on your existing financial situation and ability to repay.
  • Repayment methods. You can make payments through a nominated account using Westpac ATMs, Westpac’s online and phone banking platforms, Card Autopay facility, via BPAY, at any Westpac branch, and you can send cheques via mail.
  • Additional cardholders. You can request for 1 free additional cardholder at $0 each for any nominated individual who is over 16 years of age, and you remain liable for all transactions made using this card.
  • Card security. Cardshield is in place to provide protection against fraudulent use of your card, and the card’s embedded microchip offers more protection than magnetic strips. Falcon Fraud Protection monitors your card activity 24/7, and Verified by Visa provides additional security in the online world.
Back to top
Was this content helpful to you? No  Yes

Related Posts

American Express Essential Credit Card
American Express Essential Credit Card

Interest rate

14.99

Annual fee

0
HSBC Platinum Credit Card
HSBC Platinum Credit Card

Interest rate

19.99

Annual fee

149

Ask a Question

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

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

6 Responses to Westpac 55 Day Credit Card – Review

    Default Gravatar
    linda | October 6, 2016

    I have an outstanding debt with an aussie credit card. the limit was 1,500.00. I have been paying this debt off for over 4yrs and not getting anywhere. My credit was suspended on the card years ago, I have just been paying off the debt. I think I now owe around 1,000.00. Is it possible to transfer this debt to your company???

      Staff
      Anndy | October 7, 2016

      Hi Linda,

      Thanks for your question.

      Please note that we are finder.com.au, a financial comparison and information website, not Westpac.

      To apply for Westpac 55, you need to meet the following eligibility criteria:

      -You are a permanent resident of Australia
      -You are over 18 years old
      -You don’t have poor creditworthiness

      You can also check other balance transfer credit cards on this page.

      Please note that rejected credit card applications can have a negative impact on your credit file, so before you apply, be sure to check the eligibility criteria and the requirements.

      Cheers,
      Anndy

    Default Gravatar
    Ian | July 13, 2016

    Hi, can I do a balance transfer from a St George credit card onto a Westpac 55 day credit card or is St George and other banks affiliated to Westpac excluded from the offer? Regards

      Staff
      May | July 13, 2016

      Hi Ian,

      Thanks for your question.

      Unfortunately, it’s not possible to conduct a balance transfer between Westpac and St. George credit cards. On this page, you can find which financial institution that you’re able to conduct a balance transfer to and from.

      In the meantime, you may like to compare your balance transfer credit card options here – that is a transfer of balance from your St. George card to a non-Westpac credit card. Please make sure to review the criteria and requirements before you submit your application.

      I hope this is helpful.

      Cheers,
      May

    Default Gravatar
    | April 14, 2016

    What other interest (transaction) charges are applied and at what rate?

      Staff
      May | April 14, 2016

      Hi Don,

      Thanks for your question.

      The fees charged by Westpac 55 Day Credit Card were outlined in the table above particularly on the ‘fees and repayments’ section.

      Hope this helps.

      Cheers,
      May

Ask a question
feedback