Westpac Low Fee Platinum Credit Card

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Save with a $0 first year annual fee and enjoy platinum perks – including complimentary travel insurance and a concierge service.

The Westpac Low Fee Platinum offers cost-saving features including a first-year annual fee waiver when you apply by 31 March 2020. You can also take advantage of complimentary travel and purchase insurance covers, SmartPlan instalments and a 24/7 platinum concierge service.

20.09% p.a.

Purchase rate

$0 p.a.

Annual fee

for the first year ($90 p.a. thereafter)

55 days

Interest free period

Details

Product NameWestpac Low Fee Platinum Card
Purchase rate (p.a.)20.09% p.a.
Annual fee$0 p.a. annual fee for the first year ($90 p.a. thereafter)
Interest Free Period55 days
Cash advance rate (p.a.)21.49% p.a.
Min credit limit$6,000
Max credit limit$50,000
Card TypeMastercard
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceYes
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Joint ApplicationNo

Pros

  • Annual fee waiver for the first year and in subsequent years when you spend at least $10,000 on your card
  • Up to 55 days interest-free on purchases
  • Comes with concierge services and complimentary insurance covers

Cons

  • The standard purchase rate of 20.09% p.a. is relatively high.
Annual fee$0 p.a. annual fee for the first year ($90 p.a. thereafter)
Minimum Monthly Repayment2% of the closing balance or $10, whichever is greater
Late Payment Fee$15
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Cash Advance Fee2% or $2.50, whichever is greater
Overseas Cash Advance Fee2%
Additional Cardholder Fee$0
Number of Additional Cardholders1

Expert review

Sally McMullen

Review by


Sally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.

Expert review

The Westpac Low Fee Platinum gives you a mix of straightforward credit card features and platinum benefits. Chief among these is complimentary overseas travel insurance, but you can also benefit from using the concierge service to save time on tasks like booking travel, making restaurant reservations, getting tickets to shows or even coming up with present ideas for loved ones.

How to apply

You can apply for the Westpac Low Fee Platinum online in around 10 minutes and will get a response within 60 seconds of submitting the completed application form. Just make sure you meet the following criteria and have all the details and documents you’ll need to you apply.

Eligibility criteria

  • Residency. You must be an Australian citizen or permanent resident currently living in Australia.
  • Age. You must be at least 18 years old to apply.

Card benefits

  • Annual fee waiver. Look forward to a $0 annual fee for the first year ($90 p.a. thereafter). Continue to pay no annual fee in subsequent years when you meet the annual spend requirement of $10,000. This offer is available for new applicants and is only valid until 31 March 2020.
  • Interest-free days. This card offers up to 55 interest-free days on purchases, as long as you pay the account's closing balance in full every month. This means interest-free days do not apply while you have a balance transfer.

Rates & fees

  • Annual fee. Outside of any promotions, the standard annual fee is $90 p.a. for as long as your account remains active.
  • Interest rates. The variable purchase rate is 20.09% p.a. and the cash advance rate is 21.49% p.a.

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88 Comments

  1. Default Gravatar
    Gino
    September 15, 2019

    If I apply and get accepted, what is the turn around time it takes to receive the card?

    • Avatarfinder Customer Care
      Jhez
      September 17, 2019

      Hello Gino,

      Thank you for your comment.

      For Westpac credit cards, you credit card will be shipped out within 7 business days from the approval. If you haven’t received your card in the specified time frame, you must call the issuer and let them know. They will be able to review your account details and provide you with information on the status of the card and when you should receive it.

      Regards,
      Jhezelyn

  2. Default Gravatar
    Tess1988
    July 1, 2017

    Does westpac have a waiting period, I.e 12 months before getting the bonus again

    • Default Gravatar
      Danielle
      July 4, 2017

      Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

      The $200 cashback would be paid within 60 days of meeting minimum spend criteria as a statement credit to the credit card account. You may refer to Westpac’s website for additional information.

      I hope this helps.

      Cheers,
      Danielle

  3. Default Gravatar
    Bernice
    September 15, 2016

    Dear WESTPAC I did balanced transferred from Ignite card to a WESTPAC Platinum card interest free but I’m being charged interest on transfer. Branch looking into it but I want to find out for myself. One of your consultant at card centre said that I paid interest because it is from same bank. I did the transfer in good faith and it does not say anywhere that I would be charged interest because from same bank. Now am I being ripped off? Not fair! The information that I looked appears to be misleading. Check for yourself

    • Avatarfinder Customer Care
      Sally
      September 20, 2016

      Hi Bernice,

      Just to confirm, you have come through to finder.com.au, not Westpac. Unfortunately, 0% balance transfer offers are only available to new customers who aren’t already banking with Westpac or partnered banks. If you look on our review page, you’ll see that we’ve mentioned that new cardholders aren’t eligible for the 0% balance transfer offer in the dot point regarding the balance transfer promotion.

      In the terms and conditions on the 55 Day Platinum Credit Card page on Westpac’s website, it also mentions that you can’t transfer balances from existing Westpac accounts to take advantage of the offer: “Balance transfer promotion: The promotional balance transfer rate is available when you apply for a new Westpac credit card between 7th July 2016 and 11th October 2016 and request at application to transfer balance(s) from up to 3 non-Westpac Australian issued credit, charge or store cards.”

      If you’re still looking pay off your debt without the cost of interest, you can compare on 0% balance transfer credit card offers with other banks. As submitting several credit card applications in a short amount of time can have a negative impact on your credit rating and decrease your future chances of card approval, it’s wise to wait a few months and pay down your debt as much as you can before applying for a new card.

      In the mean time, you might also want to use our guide on which banks you can conduct balance transfers between for further information.

      I hope this has helped.

      Cheers,

      Sally

  4. Default Gravatar
    Michael
    August 30, 2016

    Does my Platinum Altitude Amex card give me access to Virgin Lounges when flying Virgin?

    • Avatarfinder Customer Care
      Dee
      August 31, 2016

      Hi Michael,

      Thanks for your question.

      Unfortunately, Westpac Altitude Platinum Credit Card does not come with a complimentary Virgin lounge access.

      You may want to check this page to see how you can get free access to Virgin Australia airport lounges.

      Cheers,
      Anndy

  5. Default Gravatar
    Jim
    May 2, 2016

    I am 81 years old intending to travel to UK September 2016.
    Is there an age limit for travel insurance ?

    • Avatarfinder Customer Care
      Dee
      May 2, 2016

      Hi Jim,

      Thanks for your question.

      The complimentary overseas travel insurance for Westpac 55 covers individuals who are up to and including 80 years of age.

      Cheers,
      Anndy

  6. Default Gravatar
    Michael
    February 2, 2016

    What Does the Travel Insurance attached to our card cover when we book to go to New Zealand for a holiday for 10 days, does it cover any medical costs. We have booked the airfares through our card. Thanks

    • Avatarfinder Customer Care
      Jonathan
      February 3, 2016

      Hi Michael, thanks for your inquiry!

      Medical cover is included with the complimentary travel insurance policy for the Westpac 55 Day Platinum credit card. Please refer to this page for our guide on this travel insurance policy and the inclusions under ‘Medical and Hospital Expenses’.

      I hope this helps.

      Cheers,

      Jonathan

  7. Default Gravatar
    Robyn
    January 21, 2016

    I am an existing Westpac customer and have an Ignite Mastercard and several savings accounts. I am wanting to transfer my existing balance from my Ignite Mastercard. As an existing customer, am I eligible to apply for the Westpac 55day Platinum Credit card??

    Thanking you

    • Avatarfinder Customer Care
      Sally
      January 22, 2016

      Hi Robyn,

      Thanks for your question. You may be eligible to apply for the card, but please note that the reduced annual fee and balance transfer offer are only available to new Westpac customers.

      You can compare other balance transfer credit cards here.

      I hope this has helped.

      Cheers,

      Sally

  8. Default Gravatar
    Vin
    January 16, 2016

    Hi,

    Is there a balance transfer transaction fee if we avail of this option in the platinum card?

    Thanks.

    Vin

    • Avatarfinder Customer Care
      Debbie
      January 17, 2016

      Hi Vin,

      Thank you for your question.

      There is $0 balance transfer fee for Westpac 55 Day Platinum Credit Card.

      For other options of credit cards that offers balance transfer without fee, kindly check our comparison page.

      I hope this helps.

      Cheers,
      Debbie

  9. Default Gravatar
    Alyce
    January 13, 2016

    Hi, I am wondering if I apply for this card for a balance transfer before Jan 17, and it is accepted – can I conduct the balance transfer after Jan 17 and still receive the no interest?

    • Avatarfinder Customer Care
      Debbie
      January 13, 2016

      Hi Alyce,

      Thanks for your inquiry.
      Unfortunately, the balance transfer offered by Westpac 55 Day Platinum can only be applied once it is requested upon your application.

      To understand more about balance transfer, please refer to this page.

      I hope this helps.

      Cheers,
      Debbie

    • Default Gravatar
      Alyce
      January 14, 2016

      Thanks Debbie,

      I have applied for the card, it has been granted and i will receive it in 3-5 business days. It says in the email that any balance transfers applied for will be processed once the cards are activated – will I still be applicable for the No Interest if I applied for it before Jan 17, but it is processed after that date by Westpac?

    • Avatarfinder Customer Care
      Jonathan
      January 14, 2016

      Hi Alyce, thanks for your response.

      Since you have applied before the 17th of January you will receive the balance transfer promotion on your account.

      I hope this helps.

      Cheers,

      Jonathan

    • Avatarfinder Customer Care
      Debbie
      January 14, 2016

      No worries Alyce.

      Yes, you will still be eligible for the balance transfer offer of Westpac 55 Day Platinum card since you have applied before the end date, which is currently at 17 January 2016.

      I hope this helps.

      Cheers,
      Debbie

  10. Default Gravatar
    goran
    January 11, 2016

    Do I get any reward points and where can I use it (platinum 55 day credit card)?

    • Avatarfinder Customer Care
      Sally
      January 11, 2016

      Hi Goran,

      Thanks for your question.

      You can use the card wherever Visa is accepted.

      Unfortunately, you can’t earn rewards points with the Westpac 55 Day Platinum Credit Card.

      You can compare other credit cards that offer rewards points here.

      I hope this has helped.

      Cheers,

      Sally

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