At a glance:
Changes from 30 November 2026
Important notice about our personal credit cards
The Reserve Bank of Australia (RBA) has introduced changes to the credit card rules in Australia. As a result, we’re making updates to certain Westpac credit card fees, rates and minimum payments.
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Changes from 30 November 2026
On 30 November 2026, we’re making updates to the fees, rates, and minimum payment amount on certain Westpac credit cards. Full details of these changes and impacted credit cards are set out below.
Credit cards included in these changes
- Westpac Lite
- Westpac Low Rate
- Westpac Low Fee
- Westpac Low Fee Platinum (Not for sale)
Variable purchase rate (per annum)
| Credit card | Current | From 30 November 2026 |
| Westpac Lite | 9.90% | 11.99% |
| Westpac Low Rate | 13.74% | 14.99% |
| Westpac Low Fee | 20.99% | 23.99% |
| Westpac Low Fee Platinum (not for sale) | 20.99% | 23.99% |
Variable cash advance rate (per annum)*
| Credit card | Current | From 30 November 2026 |
| Westpac Low Rate, Westpac Low Fee, Westpac Low Fee Platinum (not for sale) | 21.99% | 24.24% |
*Cash advances are not available on the Westpac Lite credit card.
Minimum payment changes
| Credit card | Current | From 30 November 2026 |
| Westpac Lite Westpac Low Rate Westpac Low Fee Westpac Low Fee Platinum (not for sale) |
2% of the Closing Balance or $10 (whichever is greater) | 2.5% of the Closing Balance or $25 (whichever is greater) |
Card fee changes
| Credit card | Current | From 30 November 2026 |
| Westpac Lite | $9 per month (applied on your statement date every month). | $10 per month (applied on your statement date every month). |
| Westpac Low Fee | $0 card fee in the first year. $30 annual card fee will apply each year after. Annual card fee will be waived, when eligible spend criteria is met. |
$0 card fee in the first year. $45 annual card fee will apply each year after. If your card is approved on or after 30 November 2026, the annual fee waiver will no longer apply (after the first year $0 fee). |
If you have a special pricing arrangement, the changes outlined above may not apply to you. If you're an existing customer, you'll receive a personalised communication in October outlining your changes.
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Frequently asked questions
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Why are these changes being made?
New rules introduced by the Reserve Bank of Australia (RBA) on 1 October 2026 changed the way credit cards work for businesses and customers.
In response, we have undertaken a comprehensive review of our credit card portfolio and made product updates to ensure our offerings remain sustainable and continue to meet customers’ needs over the long term.
Why is the minimum payment increasing?
The minimum payment is designed to make sure a portion of the balance is repaid each month so as interest rates increase, the minimum payment also needs to change. Because the calculation is changing, some customers may need to pay more than they do today, depending on their Closing Balance each statement period.
From 30 November 2026, your minimum payment will be calculated as 2.5% of your Closing Balance or $25, whichever is greater. You’ll see the exact amount on your statement. There are several ways you can make a payment.
What options are available if my credit card no longer suits my needs?
Westpac offers several different credit cards that suit a range of lifestyle and financial needs. Visit our switching page to learn more.
What can I do if I'm worried about making my repayments?
If you think you may have difficulty making your payments in the future, or if you expect to experience financial hardship we may be able to help. Call us on 1800 067 497 to discuss financial support options.
How do I know which changes apply to me?
Current account owners of the impacted credit cards will be notified by email or mail outlining the changes that relate to your specific credit card. Please be sure to familiarise yourself with the changes.
Do I need to do anything now?
The changes will take effect on 30 November 2026. We recommend reviewing the information on this page, so you understand what is changing for your card.
Things you should know