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Westpac Low Rate Credit Card – Cashback Offer

This low rate card offers up to $400 cashback in the first few months, with a $59 annual fee.

The Westpac Low Rate Credit Card is suited to people who want a low-cost account with simple features. If you apply as a new customer by 30 June 2022 you can also get $100 cashback on your account when you spend $1,000 on eligible purchases each month for the first 4 statement periods from card approval.

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6.99% p.a.

Balance transfer rate

for 12 months

13.74% p.a.

Purchase rate

$59 p.a.

Annual fee

55 days

Interest free period

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Product NameWestpac Low Rate Card - Cashback Offer
Balance transfer rate p.a.6.99% for 12 months
Balance transfer revert rateCash Advance Rate (21.49% p.a.)
Balance transfer limit80% of available limit
Purchase rate p.a.13.74%
Annual fee$59
Interest-free periodUp to 55 days on purchases
Cash advance rate21.49% p.a.
Min credit limit$500
Max credit limit$25,000
Card typeMastercard
Foreign currency conversion fee3%
Minimum income$30,000
Available to temporary residentsNo
Joint applicationNo


  • Up to $400 cashback offer
  • Competitive $59 annual fee
  • Free additional cardholder


  • No rewards program
  • No additional perks like insurance covers or travel benefits
Bonus pointsN/A
Annual fee$59
Minimum monthly repayment2% of the closing balance or $10, whichever is greater
Late payment fee$15
Foreign currency conversion fee3%
Cash advance fee3%
Overseas cash advance fee2%
Additional cardholder fee$0
Number of additional cardholders1

Review by

Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Westpac Low Rate Credit Card currently gives you a way to get more value from your spending, offering up to $400 back on your account if you are a new cardholder and meet the minimum spend requirements. While a lot of cashback offers have one spend requirement you need to meet (e.g. $3,000 in the first 3 months), this one technically has four – but it does mean you can get some cashback even if you only spend $1,000 over a couple of months when you first get the card.

How to apply

You can apply for the Westpac Low Rate Credit Card online in 10 minutes and receive a response in 60 seconds. Check that you meet the eligibility criteria and have the necessary information to complete the application first.

Eligibility criteria

  • New cardholder. The cashback offer is only available when you apply for the Westpac Low Rate credit card as a new cardholder before 30 June 2022.
  • Eligible balance transfer debt. If you plan to use the balance transfer, you can transfer from $200 up to 80% of your available credit limit from up to 3 non-Westpac Australian issued credit, charge or store cards.

Card benefits

  • Up to $400 cashback. Get a $100 cashback each month when you spend $1,000 or more on eligible purchases within the first 4 statement periods from card approval. Eligible spending covers most everyday spending. Transactions that won't count towards the spend requirement include account fees and charges, cash advance transactions, gambling transactions, balance transfers and purchases from or payment to a government or government related agency. The $100 cashback will be credited to your account within 60 days of meeting the minimum spend requirement for that statement period.
  • Balance transfer offer. You can consolidate your existing debts with a 6.99% p.a. on balance transfers for 12 months with no balance transfer fee. Any remaining balance after the promotional period if subject to the variable cash advance rate, currently 21.49% p.a.

Rates & fees

  • Annual fee. This card charges a $59 annual fee.
  • Purchase rate. This card charges a variable purchase interest rate of 13.74% p.a.

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