Current as at: 9th August 2018
This information sheet is an Australian Government requirement under the National Consumer Credit Protection Act 2009
| Product Name | Altitude | Altitude Platinum Card | Altitude Black Card | 55 Day Card | 55 Day Platinum Card | Low Rate Card | Westpac Lite Card |
|---|---|---|---|---|---|---|---|
| Minimum credit limit | $500 | $6,000 | $15,000 | $1,000 | $6,000 | $1,000 | $500 |
| Minimum repayments | 2% of the closing balance outstanding, or $10; whichever is greater. If the closing balance is less than $10, it must be paid in full. | 2% of the closing balance outstanding, or $10; whichever is greater. If the closing balance is less than $10, it must be paid in full. | 2% of the closing balance outstanding, or $10; whichever is greater. If the closing balance is less than $10, it must be paid in full. | 2% of the closing balance outstanding, or $10; whichever is greater. If the closing balance is less than $10, it must be paid in full. | 2% of the closing balance outstanding, or $10; whichever is greater. If the closing balance is less than $10, it must be paid in full. | 2% of the closing balance outstanding, or $10; whichever is greater. If the closing balance is less than $10, it must be paid in full. | 2% of the closing balance outstanding, or $10; whichever is greater. If the closing balance is less than $10, it must be paid in full. |
| Interest on purchases | 20.24% p.a. | 20.24% p.a. | 20.24% p.a. | 19.84% p.a. | 19.84% p.a. | 13.49% p.a. | 9.90% p.a. |
| Interest-free period | Up to 45 days on purchases only | Up to 45 days on purchases only | Up to 45 days on purchases only | Up to 55 days on purchases only | Up to 55 days on purchases only | Up to 55 days on purchases only | Up to 45 days on purchases only |
| Interest on cash advances | 20.74% p.a. | 20.74% p.a. | 20.74% p.a. | 21.29% p.a. | 21.29% p.a. | 19.49% p.a. | Cash advances are not available |
| Balance transfer interest rate | - | - | - | Pay no interest for 20 months on balance transfers requested at card application (a 2% balance transfer fee applies). After 20 months, the rate switches to the variable cash advance rate.# |
Pay no interest for 20 months on balance transfers requested at card application (a 2% balance transfer fee applies). After 20 months, the rate switches to the variable cash advance rate.# |
Plus, pay no interest for 2 years on balance transfers requested at card application. A 1% balance transfer fee applies. After 2 years the rate switches to the variable cash advance rate.# |
Balance transfers are not available |
| Annual card fee | $100 plus a separate $50 Qantas Rewards Fee, charged annually (applicable only when the Altitude Qantas rewards program is selected) | $0 annual fee for the first year (saving $150)+ | $250 plus a separate $50 Qantas Rewards Fee, charged annually (applicable only when the Altitude Qantas rewards program is selected)
|
$0 in first year $30, waived in subsequent years when you spend $5,000 or more on purchases in each 12 months from the anniversary date of the first transaction on your account. |
$0 in first year $90, waived in subsequent years when you spend $10,000 or more on purchases in each 12 months from the anniversary date of the first transaction on your account. |
$0 annual fee for the first year (saving $59)+ | $108 ($9 each month) |
| Late payment fee | $15 | $15 | $15 | $15 | $15 | $15 | $0 |
There may be circumstances in which you have to pay other fees. A full list of current fees applicable to these credit cards can be obtained from www.westpac.com.au/creditcardfees For more information on choosing and using credit cards visit the ASIC consumer website at www.moneysmart.gov.au The terms on which these credit cards are offered can change over time. You can check if any changes have been made by visiting www.westpac.com.au/creditcardkeyfactssheet #Balance transfer promotion: This offer is available when you apply for a new Low Rate, 55 Day or 55 Day Platinum credit card between 12th June 2018 and 23rd October 2018, and request at card application to transfer balance(s) from up to 3 non-Westpac Australian issued credit, charge or store cards. A balance transfer fee of 2% (a 1% on new Low Rate Cards) of the transferred balance(s) will be charged to the account on the same day the balance(s) are debited to the account. The promotional rate will apply to balance(s) transferred (min $200 up to 80% of your approved available credit limit) for the promotional period. Activating your card triggers the processing of the balance transfer. The applicable variable cash advance rate will apply to any unpaid balance transfer amount remaining at the end of the promotional period. We will not be responsible for any delays that may occur in processing payment to your other card account(s) and will not close the account(s). Interest free days do not apply to credit cards with balance transfers. +Discounted annual card fee in first year promotion: The discounted first year annual card fee promotion is available when you apply for a new Low Rate between 12th June 2018 and 23rd October 2018 or Altitude Platinum credit card between 9th August 2018 and 27th November 2018. The first annual card fee at the special promotional rate will be debited to your card account on your first transaction and the full annual card fee will be debited annually thereafter.
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