Correct as at: 16 November 2021
This information sheet is an Australian Government requirement under the National Consumer Credit Protection Act 2009.
| Product Name | Altitude Platinum Card | Altitude Black Card | Low Fee Card | Low Rate Card | Westpac Lite Card | Flex Card |
|---|---|---|---|---|---|---|
| Minimum credit limit | $6,000 | $15,000 | $500 | $500 | $500 |
$1,000# |
| 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. | $40. However, if the closing balance is less than $40, it must be paid in full. | ||||
| Interest on purchases1 | 19.99% p.a. | 20.09% p.a. | 13.74% p.a. | 9.90% p.a. | Flex is an interest free credit card (with a monthly fee^). | |
| Interest free period2 | Up to 45 days on purchases only | Up to 55 days on purchases only | Up to 45 days on purchases only | N/A | ||
| Interest on cash advances1 | 21.49% p.a. | Not offered | ||||
| Balance transfer interest rate1 | For each product, please refer to the Balance Transfer interest rate, term and balance transfer fee (if applicable) set out in the offer details viewed by you. | Not offered | ||||
| Annual or monthly fee1,3 | $150 per year
|
$250 per year |
$0 or $30 per year* | $59 per year | $108 per year ($9 each month) | $10 or $0 per month^ |
| Late payment fee4 | $15 | $0 | ||||
There may be circumstances in which you have to pay other fees. A full list of current fees applicable to this credit card 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 this credit card is offered can change over time. You can check if any changes have been made by visiting www.westpac.com.au/creditcardkeyfactssheet
Be credit savvy: Before applying, consider a realistic credit limit and check all conditions, interest rates, fees and charges on your selected card.
1. Promotional offers may apply.
2. Receive up to 55 days interest free on your purchases if your Monthly Payment Balance is paid in full by the due date shown each month. This amount is calculated as the main account balance minus the balance transfer amount plus any Plan&Pay instalments for this month. If you do not have any Plan&Pay instalments or a balance transfer, the Monthly Payment Balance will be the same as the Closing Balance.
3. Referred to as the Card Fee in your Credit Contract.
4. Referred to as the Missed Payment Fee in your Credit Contract.
*Low Fee annual card fee waiver: $0 card fee is available for the first year and every year afterwards when you apply and are approved for a new ‘Low Fee’ credit card. To qualify, you must meet the spend criteria on eligible purchases ($5,000 or more for a Low Fee card) in each 12-month period, starting from the date you made your first transaction.
#Flex Card is a fixed credit line of $1,000.
^Flex Card Monthly Fee Waiver: The $10 monthly fee will be waived if you pay off the closing balance shown on your previous statement by the due date, or if this month’s statement does not have an outstanding balance.