If you apply by 30 April 2024 and request a balance transfer as part of the application, you’ll get a 0% p.a. balance transfer rate for the first 28 months. This offer has no balance transfer fee but if you’re still paying off the balance at the end of the introductory period, a high 21.49% p.a. interest rate applies.
Westpac Low Rate Credit Card

- Balance transfer rate for 28 months with no balance transfer fee
- 0% p.a.
- Purchase rate
- 13.74% p.a.
- Annual fee
- $59 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
Offers a 0% interest rate for 28 months on balance transfers, with a $59 annual fee.
Pros
-
0% p.a. for up to 28 months on balance transfers, with no BT fee
-
Low 13.74% p.a. interest rate on purchases
Cons
-
Balance transfer reverts to the high cash advance rate of 21.49% p.a. after the introductory period
Details
Product details
Product Name | Westpac Low Rate Card |
Balance transfer rate p.a. | 0% for 28 months, then 21.49% |
Balance transfer limit | 80% of available limit |
Purchase rate p.a. | 13.74% |
Interest-free period | Up to 55 days on purchases |
Cash advance rate p.a. | 21.49% |
Min credit limit | $500 |
Max credit limit | $50,000 |
Card type | Mastercard |
Eligibility
Available to temporary residents | Yes |
Minimum income | $30,000 |
Joint application | No |
Rewards
Bonus points | N/A |
Fees
Annual fee | $59 |
Minimum monthly repayment | 2% of the closing balance or $10, whichever is greater |
Late payment fee | $15 |
Foreign currency conversion fee | 3% |
Cash advance fee | 3% |
Overseas cash advance fee | 2% |
Additional cardholder fee | $0 |
Number of additional cardholders | 1 |
Your reviews

Amy Finder
Editor
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Amy Bradney-George Finder
November 12, 2023
Hi Benjamin,
Yes, people who are self-employed can apply for this card as long as they meet the other eligibility requirements. For proof of income, Westpac requires recent business bank statements and your most recent ATO Notice of Assessment when you’re self-employed. I hope this helps.
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Zen
October 27, 2023
Can the balance transfer be done against personal loan?

Amy Bradney-George Finder
October 29, 2023
Hi Zen,
Unfortunately, Westpac only accepts balance transfers from other Australian credit cards or store cards. But Finder has a guide to credit cards that allow you to balance transfer a personal loan if you want to compare other options. I hope this helps.
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Jackson
July 29, 2023
Hi,
Does a balance transfer affect your credit score, mine is currently 914? I would like to apply for a car loan in the next 6 months or so, and I don’t want this transfer to jeopardise that approval process.
I want to transfer $7000 from a GO Platinum Card that has an interest rate of 26.99%.
How much would it cost to transfer, hidden fees? I currently have a Westpac Choice account, is that eligible for annual fee waiver? I will be paying $300-$400 monthly to clear this debt. Looking forward to your response! Thanks
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Amy Bradney-George Finder
July 31, 2023
Hi Jackson,
Please keep in mind Finder can only give general advice and information. In regards to balance transfers, the balance transfer credit card application will be listed on your credit report. This means it could affect your credit score. You could contact potential car loan providers to discuss the potential impact a balance transfer may have on your car loan application. In regards to fees, the current Westpac Low Rate Credit Card balance transfer offer does not have a balance transfer fee, while some other cards do charge a fee worth around 2-3% of the balance transfer’s value. Just remember to also consider the annual fee and any applicable interest charges for new transactions. I hope this helps.
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Melvin
July 08, 2023
Hi – Is there any one-time balance Transfer fee?
Seems to be silent in the offer.
Also I believe existing Westpac Customers have the the first year annual fee waived off

Elizabeth Barry Finder
July 24, 2023
Hi Melvin,
Thanks for the question.
There is no one-time balance transfer fee. And yes, if you currently bank with Westpac and apply before 1 November 2023 you can sign in to your Westpac account to apply for this card to have the first year’s annual fee waived.
Thanks,
Elizabeth
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Eshant
June 10, 2023
What is the maximum credit limit for International students in student visa for a Westpac Low Rate Credit Card?

Amy Bradney-George Finder
June 15, 2023
Hi Eshant,
The maximum credit limit for this card doesn’t change based on someone’s visa status. It is based on the details provided in the application including income and regular expenses. As part of Australia’s lending requirements, banks must consider a person’s ability to repay a credit card’s limit, with interest, over 3 years. Finder’s guide to credit limit calculations has further details that may be of assistance. If you have more specific questions about the Westpac Low Rate Credit Card, you can call Westpac on 1300 651 089. I hope that helps.
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Benjamin
November 08, 2023
Are Self employed applicants eligible, and what income verification would be required if so.