Credit cards Low Rate credit card

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Things you should know

• Important: If you are applying for a selected credit card at the same time or after your Premier Advantage Package is set up, or if you are switching or upgrading from an existing Westpac credit card, or if you are accessing employee benefits, you are not eligible for any special promotional offers (such as any promotional balance transfer rate) available at point of application. Please check the details at card application. Fees and charges are payable. Credit card applications are subject to Westpac's normal lending criteria. An additional credit card can be issued on the primary cardholder’s credit card account to any nominated person 16 years or over. All transactions using the additional credit card will be the responsibility of the primary cardholder. Information about a third party’s products or services is provided for convenience only and does not represent an endorsement by Westpac of the products and services.
• Information is current as at 19 May 2012. Credit card applications are subject to Westpac's normal lending criteria. Fees and charges are payable. Terms and conditions are available upon request. These may be varied or new terms and conditions introduced in the future. An additional card can be issued on the primary cardholder's credit card account to any nominated person over the age of 16 years. The standard interest rate on purchases for the Low Rate card is 13.49% p.a. (variable) and the cash advance rate is 21.49% p.a. (variable). Approval is subject to Westpac's normal lending criteria.
• 1. This interest rate, which only applies to credit purchase transactions, is a variable rate and therefore subject to change. A different variable rate, currently 21.49% p.a., applies to cash advances.
• 2. This promotional rate is available to customers who are applying for a new Low Rate card and request at application, to transfer the balance(s) from non-Westpac credit card(s), charge card(s) or store card(s). This promotion is only available at point of application. Subsequent balance transfers will be charged at the standard purchase interest rate currently 13.49% p.a. and will be treated as purchases with no interest free days applying to them. Payments made to your credit card account are first applied to any amounts transferred from other credit cards, charge cards or store cards under this promotion, before they are applied to any other purchase or cash advance amount. This means that the portion of your outstanding account balance that is subject to a lower interest rate will be paid off first. You will not gain the benefit of the interest free period on credit purchases until the full balance (including any balance transfer and any other promotional amount) is paid by the statement due date each month. After 6 months the balance transfer rate will switch back to your credit card standard variable rate for purchases then applicable to your product. Each balance transfer must be a minimum of $200.
• 3. Annual card fee is subject to change.
• 4. On credit purchases only, where the closing balance (including any balance transfer amount or any other promotional amount) is paid in full by the statement due date each month. Interest on cash advances is calculated from the date the transaction is debited to your card account.
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