Considerations
- A higher interest rate on purchases than our Lite card
- The ongoing monthly fee will cost more over a year than the annual fees on our Low Fee card
- No rewards points or complimentary insurances.
What you're applying for
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Low Rate Card
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Summary
Let's recap on your choice of a Low Rate card.
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Overview
Our credit card that provides access to a revolving credit facility to make payments with a lower purchase interest rate.
The important numbers
The following standard credit card interest rates, card fees and credit limits apply for the new card:
- Minimum credit limit of $500
- Monthly card fee of $7
- Variable purchase rate of 13.74% p.a. and variable cash advance rate of 21.99% p.a.
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Offer
Balance Transfer offer
0% p.a. for 20 months on balance transfers
When requested at card application. 3% balance transfer fee applies. After 20 months any remaining balance transfer amount reverts to the variable cash advance rate.[#]
New cards only. Credit criteria and T&Cs apply. Your current credit card issuer must accept BPAY payments to be eligible.
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Eligibility and what you'll need
You must be
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Aged 18 or over AND
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Live at a fixed Australian address AND
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Receive a regular and verifiable Australian taxable income AND
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Meet ONE of the following three requirements
- Be an Australian or New Zealand citizen OR
- Be an Australian permanent resident OR
- Hold a valid temporary residence visa with a minimum of 1 year before expiry. See eligible Australian visa
You'll need to provide
- Proof of income
- Current debts and expenses
Two of these ID documents
- Passport
- Australian drivers' license
- Medicare card
- Australian birth certificate
Confirm to start your application
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Yes, this is what I'm looking for
No, I want to look at something else
Apply now
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Other options
Credit cards are a secure payment method for short-term borrowing needs such as everyday purchases or unplanned expenses, with some cards offering additional features like rewards. However, there are instances where it might be worth considering another form of credit:
- You have a longer-term or specific borrowing need, like a car or home renovations. In this case, view our Personal loans
- You want a repayment schedule with fixed repayments and a defined loan end-date. In this case, view our Personal loans
- You need ongoing help with short-term cashflow (and if applying online, already have a Westpac Home Loan, or paid your income into one of our transaction or savings accounts for over six months). In this case, view our Flexi Loan.