Westpac Low Rate Credit Card – Cashback Offer

This low rate card offers $400 cashback and a $0 annual fee for the first year, with a $59 annual fee after that.

The Westpac Low Rate Credit Card is suited to people who want a low-cost account with simple features. Right now, you can get extra value from a Westpac Low Rate credit card with $400 cashback on your account when you apply as a new customer by 30 November 2021 and spend $4,000 on eligible purchases within the first 120 days from card approval. You’ll also save with a $0 annual fee for the first year, which reverts to $59 p.a. after that.

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6.99% p.a.

Balance transfer rate

for 12 months

13.74% p.a.

Purchase rate

$0 p.a.

Annual fee

for the first year ($59 p.a. thereafter)

55 days

Interest free period

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Product NameWestpac Low Rate Card - Cashback Offer
Balance transfer rate6.99% p.a. for 12 months
Balance transfer revert rateCash Advance Rate (21.49% p.a.)
Balance transfer limit80% of available limit
Purchase rate13.74% p.a.
Annual fee$0 annual fee for the first year ($59 p.a. thereafter)
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


  • $400 cashback offer
  • $0 annual fee for the first year ($59 p.a. thereafter)
  • Free additional cardholder


  • No rewards program
  • No additional perks like insurance covers or travel benefits
Bonus pointsN/A
Annual fee$0 annual fee for the first year ($59 p.a. thereafter)
Minimum monthly repayment2% of the closing balance or $10, whichever is greater
Late payment fee$15
Foreign currency conversion fee3%
Cash advance fee2% or $2.50, whichever is greater
Overseas cash advance fee2%
Additional cardholder fee$0
Number of additional cardholders1

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy 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 $400 back on your account if you are a new cardholder and meet the minimum spend requirements.

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 November 2021.
  • 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

  • $400 cashback. Get a $400 cashback when you spend $4,000 or more on eligible purchases within the first 120 days 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 $400 cashback will be credited to your account within 60 days of meeting the spend requirement.
  • $0 first-year annual fee. If you apply and get approved for a Westpac Low Rate credit card by 30 November 2021, you'll get a $0 annual fee for the first year. After the first year, the annual fee will revert to $59 p.a.

Rates & fees

  • Annual fee. Outside of any promotions, 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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