Westpac Low Fee Credit Card

Save with a $0 annual fee for the first year and enjoy 0% interest on purchases for the first 9 months.

The Westpac Low Fee Credit Card is a no-frills credit card that can be used anywhere Mastercard is accepted internationally. You don’t have to pay any annual fee for the first year, or in subsequent years when you meet the annual spend requirement.

You can also save on interest costs with 0% introductory rate on purchases for the first 9 months. To take advantage of these offers, you must apply by 2 April 2019.

Product NameWestpac Low Fee Card
Purchase rate (p.a.)0% p.a. for 9 months (reverts to 19.84% p.a.)
Offer end date2 April 2019
Annual fee$0 p.a. annual fee for the first year ($30 p.a. thereafter)
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)21.29% p.a.
Min credit limit
This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure.
$500
Max credit limit
This is the maximum credit limit available on this card and you can apply for increases after the account has been opened. This credit limit may not be issued to you immediately upon application.
$25,000
Card TypeMastercard
Foreign Currency Conversion Fee (MC)
Charged when you make a transaction that is converted by Mastercard 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
Minimum Age18 years of age
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Annual fee$0 p.a. annual fee for the first year ($30 p.a. thereafter)
Minimum Monthly Repayment2% or $10, whichever is greater
Late Payment Fee$15
Foreign Currency Conversion Fee (MC)
Charged when you make a transaction that is converted by Mastercard 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
Cash Advance Fee2% of the value of the transaction or a minimum charge of $2.50 (whichever is greater)
Overseas Cash Advance Fee2%
Gambling Transactions AllowedYes
Additional Cardholder Fee$0
Number of Additional Cardholders1

Pros

  • New customers can enjoy an annual fee waiver for the first year when they apply by 2 April 2019.
  • An introductory 0% p.a. interest rate on purchases for the first 9 months.

Cons

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

Benefits of the Westpac Low Fee credit card

  • Purchase rate offer. When you apply before 2 April 2019, you can take advantage of a 0% p.a. interest rate on purchases for the first 9 months. Any remaining balance after the introductory period will collect interest at the variable purchase rate.
  • Annual fee waiver. This card charges a standard annual fee of $30, but offers a $0 annual fee in the first year if you apply by 2 April 2019 and get approved. After the first year, annual fees for subsequent years are waived if the minimum $5,000 yearly spend is met.
  • 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.
  • Mobile payment technology. Make contactless payments with your Samsung or Android device when you link your credit card with Samsung Pay and Google Pay. You can also pay with your eligible fitness tracker with Fitbit Pay and Garmin Pay.
  • Smartplan. This feature lets you pay off your card balance in monthly instalments. You can set up a plan for either a single purchase of at least $500 or more made within the last 30 days, or for any credit card balance that's worth $200 or more.

Features of the Westpac Low Fee credit card

  • Credit limit. The minimum credit limit for this credit card is $500.
  • Interest rates. The variable purchase rate is 19.84% p.a. and the cash advance rate is 21.29% p.a.
  • Foreign transaction fee. A foreign conversion fee of 3% is charged for any purchases made with an international retailer.
  • Additional cardholders. You can request for 1 additional cardholder at $0 for any nominated individual who is over 16 years of age, and you remain liable for all transactions made using this card.

How to apply for the Westpac Low Fee credit card

You can apply for the Westpac Low Fee credit card in around 10 minutes. Before you begin, ensure you meet the eligibility requirements and have all the required documentation on hand.

Eligibility criteria

  • Are you over 18 years old? You must be at least 18 years of age to apply for a credit card.
  • What is your Australian residency status? This card is available to Australian permanent residents and citizens.

Required documents

  • Your complete name, date of birth, and driver's license number (if you have one)
  • These include your email address, residential address, and phone number
  • Employment status along with your employer's contact details
  • Details about your income such as yearly earnings
  • Information about all existing debts like loans, credit cards, and overdrafts

This card could be an option if you're looking for a basic card with a purchase rate offer. However, given there are a number of other cards with similar offers, you're best to compare a few options before applying.

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, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

6 Responses

  1. Default Gravatar
    lindaOctober 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???

    • finder Customer Care
      LouOctober 7, 2016Staff

      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

  2. Default Gravatar
    IanJuly 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

    • finder Customer Care
      MayJuly 13, 2016Staff

      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

  3. Default Gravatar
    April 14, 2016

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

    • finder Customer Care
      MayApril 14, 2016Staff

      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

Credit Cards Comparison

Rates last updated March 26th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a long-term balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks. Ends 31 March 2019.
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
0% p.a. for 22 months on balance transfers with no BT fee. Plus, a yearly annual fee refund when you spend $6,000 and 2 lounge passes per year.
Virgin Australia Velocity Flyer Card - Annual Fee Offer
20.74% p.a.
0% p.a. for 18 months
$50 p.a.
Earn 20,000 bonus Velocity Points and save with an ongoing $50 p.a. annual fee. Plus, receive a $129 Virgin Australia Gift Voucher each year.
Latitude Low Rate Mastercard
11.99% p.a.
$69 p.a.
Offers a competitively low interest rate and annual fee, plus up to 55 interest-free days on purchases.

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
Go to site