Westpac Low Rate Credit Card
2019 Winner
Last updated:
Save on existing credit card interest costs with 0% for 16 months on balance transfers with the Westpac Low Rate.
The Westpac Low Rate is a no-frills credit card designed to help you save on costs with a competitive balance transfer offer, low annual fee and SmartPlan instalment options.
0% p.a.
Balance transfer rate
for 16 months
13.74% p.a.
Purchase rate
$59 p.a.
Annual fee
55 days
Interest free period
Details
| Product Name | Westpac Low Rate Card |
|---|---|
| Balance Transfer Rate | 0% p.a. for 16 months |
| Balance Transfer Revert Rate | Cash Advance Rate (21.49% p.a.) |
| Balance Transfer Limit | 80% of available balance |
| Purchase Rate | 13.74% p.a. |
| Annual Fee | $59 |
| Interest Free Period | 55 days |
| Cash Advance Rate | 21.49% p.a. |
| Minimum Credit Limit | $1,000 |
| Maximum Credit Limit | $25,000 |
| Card Type | Mastercard |
| Foreign Currency Conversion Fee (Visa/Mastercard) | 3% of transaction value |
| Complimentary Travel Insurance | No |
| Minimum Income | $15,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available to Temporary Residents | No |
| Joint Application | No |
Pros
- 0% for 16 months on balance transfers with no balance transfer fee
Cons
- Balance transfer reverts to the high cash advance rate of 21.49% p.a. after the introductory period.
| Annual Fee | $59 |
|---|---|
| Minimum Monthly Repayment | 2% 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 Fee | 2% or $2.50, whichever is greater |
| Overseas Cash Advance Fee | 2% |
| Additional Cardholder Fee | $0 |
| Number of Additional Cardholders | 1 |
Expert review
Review by
Sally McMullen
sally.mcmullen@finder.com.auSally 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.
