Westpac Low Rate Credit Card

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  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
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Repay your debt faster with 0% p.a. for 18 months on balance transfers or take advantage of a $200 cashback offer 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 18 interest-free months to pay off your debt. If a balance transfer is not what you're after, you can choose the $200 cashback offer.

Product NameWestpac Low Rate Card
Balance transfer rate (p.a.)0% p.a. for 18 months with 2% balance transfer fee
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (13.49% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)13.49% p.a.
Offer end date26 October 2017
Annual fee$59 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.49% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$25,000
Minimum Monthly Repayment2% or $10, whichever is greater
Minimum Income$15,000
Card TypeVisa
Late Payment Fee$15
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Minimum Income$15,000
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$25,000
Annual Fee$59 p.a.
Minimum Repayment2% or $10, whichever is greater
Late Payment Fee$15
Over Limit Fee$15
Cash Advance Fee2% of the transaction amount or $2.50
Overseas ATM Balance check$0
Overseas ATM Withdrawal Fee$0
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders1
BPAYYes
ChequeYes
Direct DebitYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • Take advantage of a promotional offer of 0% p.a. for 18 months on balance transfers or $200 cashback.
  • Receive up to 55 days interest-free on purchases.
  • You can request for an additional cardholder at no extra cost.

Cons

  • This card has no rewards program.
  • Complimentary insurance covers are not offered on this card.

Westpac Low Rate Credit Card review

This low rate card option from Westpac offers you a convenient line of credit that won't charge you much in the form of interest or fees. When you use your card for purchases you'll be charged a competitive rate of 13.49% p.a., and the card also comes with a relatively low annual fee. The low-cost nature of the card extends to the generous balance transfer offer. Read more about these features below and find out if this card is right for you.

Benefits of the Westpac Low Rate Credit Card

  • Balance transfer offer option. If you're looking to take advantage of 0% p.a. for 18 months on balance transfers, you will need to apply for a new Westpac Low Rate Credit Card before 26 October 2017. Note that a 2% balance transfer fee applies. At the end of the promotional period, any remaining balances will revert to the standard interest rate on purchases. Not available in conjuction with the cashback offer.
  • Cashback offer option. New cardholders can receive $200 cashback when you spend $400 on eligible purchases within 90 days of card approval. Not available in conjunction with the promotional balance transfer offer.

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 13.49% 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.
  • 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 Falcon Fraud protection which monitors your card for unusual transactions 24/7. 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.

    • Staff
      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.

      Cheers,

      Sally

  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?

    • Staff
      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.

      Cheers,

      Sally

    • Staff
      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.

      Cheers,

      Sally

  3. Default Gravatar
    DavidNovember 25, 2015

    Hi,

    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

    • Staff
      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.

      Cheers,

      Sally

  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.

    • Staff
      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.

      Cheers,

      Sally

  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?

    • Staff
      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.

      Cheers,

      Jonathan

  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?

    • Staff
      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.

      Cheers,

      Sally

  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?

    • Staff
      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.

      Cheers,

      Jonathan

  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?

    • Staff
      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.

      Cheers,

      Jonathan

  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 ?

    • Staff
      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.

      Cheers,

      Jonathan

  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.

    • Staff
      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.

      Cheers,

      Jonathan

Credit Cards Comparison

Rates last updated July 22nd, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
St.George Vertigo Visa
Receive up to 55 days interest-free on purchases and the ability to make contactless payments with Visa payWave technology.
13.24% p.a. 0% p.a. for 14 months $0 p.a. annual fee for the first year ($55 p.a. thereafter) Go to site More info
Virgin Australia Velocity Flyer Card - Exclusive Offer
Apply by 31 July 2017 to earn bonus Velocity Points for the first three months and a $129 Virgin Australia Gift Voucher each year.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ANZ Platinum Credit Card - Exclusive Offer
Receive a low introductory offer of 0% p.a. on purchases for 3 months and 0% p.a. on balance transfers for 12 months.
0% p.a. for 3 months (reverts to 19.74% p.a.) 0% p.a. for 12 months $0 p.a. annual fee for the first year ($87 p.a. thereafter) Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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