Westpac Low Rate Credit Card

Repay your debt faster with 0% p.a. for 16 months on balance transfers with a Westpac Low Rate Credit Card.

If you're looking to pay off a credit card debt and want a competitive low rate card to do it on, this card is worth considering. You'll have 16 interest-free months to pay off your debt.

Benefits of the Westpac Low Rate Credit Card

  • Balance transfer offer. If you're looking to take advantage of 0% p.a. for 16 months on balance transfers, you will need to apply for a new Westpac Low Rate Credit Card before 15 October 2019. At the end of the promotional period, any remaining balances will revert to the variable cash advance rate.

Features of the Westpac Low Rate Credit Card

  • Purchase rate. As this is a 'low rate' card, the rate you'll be charged when you use your card to make purchases is very competitive. This card carries a rate of 13.74% p.a.
  • Annual fee. This card comes with an annual fee of $59.
  • Interest-free days. If you pay your balance in full, including any amount you have outstanding from a balance transfer, you can take advantage of up to 55 interest-free days on purchases.
  • Additional cardholders. Looking to share the benefits of this card? You can add an additional cardholder to your account for no extra charge. The only requirement is that they're over the age of 16.
  • Secure spending. You can enjoy various security features with this card, including a round-the-clock fraud protection which monitors your card for unusual transactions. Westpac also offer a money-back guarantee if your card is used fraudulently and you aren't found at fault for the loss.
  • Contactless payments. You can use your card to make payWave purchases for transactions under $100 — no need to enter your PIN.

How to apply for the Westpac Low Rate Credit Card

Want to take advantage of this Westpac Low Rate deal? First, check the eligibility criteria and required documents to make sure you're ready to complete your application. Once done, fill out the online application form.

Eligibility criteria

  • You need to be over the age of 18
  • You must be an Australian citizen or permanent resident
  • You must have a good credit history
  • You need to earn at least $15,000 p.a.

Required documents

  • You'll need to provide certain personal information, such as your name and address, as well as documents verifying your identity, such as your driver's licence number.
  • Westpac will require you to list your income, assets, expenses and liabilities.
  • You're required to provide details of your current employment.
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60 Responses

  1. Default Gravatar
    MelodyJanuary 6, 2016

    I have a GO master credit card which is way to much interest i just found out today, i’ve been paying off for 2 years and they have just notified me saying that i’ve gone back to full capacity.. which i don’t understand how this has happened… I need to get out of this credit card or else its going to take me forever to pay off. Can i apply for another credit card say with my bank westpac for the same amount of $5000 and pay this Go master card off, and pay the westpac credit card off within 20 months interest free, now the other thing is will i get approved for $5000.

    • Avatarfinder Customer Care
      SallyJanuary 7, 2016Staff

      Hi Melody,

      Thanks for your question.

      As a financial comparison service, we’re unable to confirm whether you would be approved for a certain credit limit as this will depend on your financial history, income and ability to repay each statement period.

      If you’re looking to consolidate your credit card debt, a balance transfer credit card could be a worthwhile option to consider. If you’re set on transferring your balance to a Westpac credit card, you can compare Westpac balance transfer credit cards here.

      Many Westpac credit cards offer 0% on balance transfers for a set period of months (currently between 14 to 20 months, depending on the card you choose). This means you could transfer your existing balance to a Westpac card and pay it off without the added cost of interest increasing your debt. However, if you’re already a Westpac customer, you may be unable to take advantage of the promotional balance transfer offers which are usually reserved for new customers.

      If this is the case, you can compare other balance transfer credit cards to find the right one for you.

      The key is to look at how much debt you owe, the maximum amount you’re able to repay each month and the length of the promotional period to determine whether you could repay your entire balance before the promotional period (of say, 20 months) ends. As a higher revert rate will kick in once the promotional period ends, it’s best to repay your balance before this to avoid attracting interest on the debt again.

      I hope this has helped.



  2. Default Gravatar
    carlaDecember 3, 2015

    I currently work on a casual basis and im pretty sure 15,000 pa easy. Would I be eligible to apply for the credit card? I don’t have any credit cards at this point in time.

    • Default Gravatar
      PeterJanuary 6, 2016

      I am a Westpac customer with a Low interest Card. And a debit card.
      Can I transfer this card to the offer of 20 months interest free?

    • Avatarfinder Customer Care
      SallyJanuary 6, 2016Staff

      Hi Peter,

      Thanks for your question.

      Unfortunately, you can’t transfer balances from existing Westpac accounts to other Westpac accounts.

      For other balance transfer options, please see our balance transfer comparison guide.

      I hope this has helped.



    • Avatarfinder Customer Care
      SallyDecember 4, 2015Staff

      Hello Carla,

      Thanks for your question.

      You’ll need to make sure you meet all of the eligibility requirements before applying. So while you’re pretty sure you might earn 15,000 p.a. a year, it’s best to check your payslips and check just to be sure.

      If you’ve never applied for a credit card before, you probably won’t have much of a credit history. In that case, you may wish to get in contact with Westpac directly to discuss your likelihood of acceptance as one of the application requirements is a good credit history.

      I hope this has helped.



  3. Default Gravatar
    DavidNovember 25, 2015


    Am I eligible to transfer from St George credit card and Citibank with a total of $15,000 and if so, how much credit will I need to apply for?

    Thanks, David

    • Avatarfinder Customer Care
      SallyNovember 26, 2015Staff

      Hi David,

      Thanks for your question.

      You can transfer your balance from up to 3 non-Westpac credit cards. You’re allowed to balance transfer a minimum of $200 up to 95% of your approved available credit limit. Therefore, you’d need to apply for a credit limit that supports your balance transfer and any additional funds you may require.



  4. Default Gravatar
    jasonOctober 30, 2015

    hi just wondering if Westpac will balance transfer from an American express credit card as I have noticed a lot do not transfer international credit cards.

    • Avatarfinder Customer Care
      SallyOctober 30, 2015Staff

      Hi Jason,

      Thanks for your question.

      As long as the American Express card has been distributed in Australia and doesn’t inflict any of the other eligibility requirements (e.g. the maximum balance transfer amount etc), you should have no trouble transferring your balance to a Westpac Low Rate card.

      If you’re still unsure, you should get in touch with Westpac directly to discuss your options.



  5. Default Gravatar
    JamesOctober 20, 2015

    If I purchase something online (say $800 worth) with the Low Rate Credit Card, how long do I have until I have to pay the whole $800 off?

    On the info sheet about this card, it says the minimum repayment is %2 of the purchase. What does this have to do with anything if on your page it says we must pay the full balance within 55 days?

    • Avatarfinder Customer Care
      JonathanOctober 23, 2015Staff

      Hi James, thanks for your inquiry!

      You can repay the $800 as quickly as you like. At a minimum you will have to repay at least 2% of the total outstanding balance per month by the statement date, to avoid the late payment charge. Interest free days are given when you pay your total outstanding balance by the statement date.



  6. Default Gravatar
    MIckSeptember 8, 2015

    I notice at the end of the balance transfer period you will be charged interest at the cash advance rate and not the purchase rate. Is that on any outstanding amount after the B.T.P. has expired or only on purchases made during the 20 month period. i.e. if you have paid back the equivalent outstanding amount during the 20 months but clock up an additional outstanding two thousand dollars. What rate is that charges at?

    • Avatarfinder Customer Care
      SallySeptember 9, 2015Staff

      Hi Mick,

      Thanks for your inquiry.

      The cash advance rate will apply on any unpaid balances transferred by the end of the promotional offer which is currently 20 months. Any purchases acquired will be charged for the standard interest rate which is currently at 13.49% p.a.

      I hope this helps.



  7. Default Gravatar
    AxelSeptember 1, 2015

    I am a Westpac customer with a debit card.

    Can i transfer 95% of the limit from GEM visa to a low rate card from Westpac with the 20 months interest free?

    • Avatarfinder Customer Care
      JonathanSeptember 2, 2015Staff

      Hi Axel, thank you for your inquiry!

      Yes, you can transfer your balance from Gem Visa card up to 95% of the approved credit limit to a new Westpac Low Rate card for the current offer of 0% for 20 months. You won’t be charged for any interest during the promotional period, however please note that balance transfer should be requested upon application.

      For a comparison of long term balance transfer credit cards, you can check this page.

      I hope this has helped.



  8. Default Gravatar
    RikerAugust 28, 2015

    If at the end of the 20 months interest free period I still have an outstanding amount to be paid, is there anything stopping me from transferring that last amount to another interest free card?

    • Avatarfinder Customer Care
      JonathanSeptember 1, 2015Staff

      Hi Riker, thanks for your inquiry!

      At the end of the promotional period you are able to transfer this amount to another credit card, providing you meet the eligibility requirements for the respective bank.



  9. Default Gravatar
    LuisAugust 20, 2015

    I did a balance transfer with my Westpac low rate Visa card,
    16 months ago, the amount transferred has been paid off.

    Can I use my Westpac Visa Card to do This 20 months 0% balance transfer offer ?

    • Avatarfinder Customer Care
      JonathanAugust 20, 2015Staff

      Hi Luis, thanks for your inquiry!

      Unfortunately if you have previously been approved for a balance transfer offer and activated it with Westpac you are ineligible for an additional promotional rate. Please refer to the following link for other 0% balance transfer credit card offers.



  10. Default Gravatar
    FrigoAugust 17, 2015

    I am a long-term temporary resident until March 2017. How do I apply? It says through the migrant banking, but what does that mean? Since the offer is via finder.com.au? Thanks.

    • Avatarfinder Customer Care
      JonathanAugust 17, 2015Staff

      Hi Frigo, thanks for your inquiry!

      If you are a 457 Visa holder you are eligible to apply for this card. To be eligible you must have a 457 visa that is valid for two additional years after the date of application. The card extended and credit limit will be based on your current income, and you will have to apply in person at a local branch. Please refer to the following link for more information on credit cards for temporary residents.

      I hope this helps.



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