Current interest rates and annual fees

1. On credit purchases only, where account balance (including any balance transfer amount) is paid in full by the due date each month. Interest on cash advances is calculated from the date the transaction is debited to your card account.
2. This special rate is only available to customers who are applying for an applicable Westpac card and wish to transfer the balance(s) from a non-Westpac or non-Virgin credit card(s), charge card(s) or store card(s). Each balance transfer must be a minimum amount of $200. This promotion is only available at point of new card application. The special balance transfer promotional rate will apply from the time the balance transfer is made to your account for the number of months specified in the offer (unless these amounts are paid off earlier). After this time, any amount of the initial balance transfer still outstanding will attract the standard product interest rate then applicable to cash advances. Subsequent balance transfers made after point of new card application will be charged the standard product interest rate applicable to cash advances. Please note that payments made to the credit card are first applied to amounts transferred from other credit cards, charge cards or store cards under this offer, before they applied to any other cash advance or purchase amount. This will mean that the portion of your outstanding account balance that is subject to a lower interest rate will be paid off first and you will not gain the benefit of any interest-free days on purchases until the full balance (including any balance transfer or any other promotional amount) is paid by the statement due date each month.
3. Annual fee will be waived in subsequent years if you spend $10,000 or more on credit purchases during the year.
4. Annual fee will be waived in subsequent years if you spend $12,000 or more on credit purchases during the year.
5. The introductory rate of 0% p.a. on purchases for the first 5 months is only applicable on credit purchases made using your 55 Day MasterCard card (or 55 Day Visa card) or 55 day Gold MasterCard card (or 55 Day Gold Visa card) within 5 months from the date your account is opened. After that 5 month period, the introductory purchase interest rate of 0% p.a. will switch to the standard purchase interest rate, (currently 19.45% p.a. and subject to change) then applicable to your product. The introductory rate is applicable to credit purchases only and excludes cash advances and balance transfers. This promotion is only available to customers who apply for a 55 Day MasterCard card (or 55 Day Visa card) or 55 day Gold MasterCard card (or 55 Day Gold Visa card) by 30 September 2008, excluding customers who obtain a 55 Day MasterCard card (or 55 Day Visa card) or 55 day Gold MasterCard card (or 55 Day Gold Visa card) as part of a Westpac package; or who switch from an existing Westpac card. The introductory rate on purchases is not available in conjunction with any promotion other than a special balance transfer promotion available at card application.
6. $75 annual fee and 17.99% on purchases for all cards applied for on or after 1 July 2008. $49 annual fee and 15.74% on purchases for all cards applied for prior to 1 July 2008.
7. $125 annual fee for all cards applied for on or after 1 July 2008. $79 annual fee for all cards applied for prior to 1 July 2008.
Fees and charges are payable. Terms and conditions available on request. These may be varied, or new terms and conditions introduced in the future. Annual card fees are subject to change. Credit card approval is subject to Westpac's normal lending criteria.