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Westpac Low Rate credit card

Low Rate Card

  • 13.74% p.a. variable purchase rate
  • 21.49% p.a. variable cash advance rate
  • $59 annual card fee
  • $500-$50,000 credit limit.


Special offer

Get $250 cash back to your account when you spend $800 on eligible purchases on a new Low Rate Card within 90 days of card approval.+

Offer ends 15th October 2019. New cards only.

Westpac Lite credit card

Westpac Lite Card

  • 9.90% p.a. variable purchase rate
  • No cash advances
  • $9 monthly card fee
  • $500-$4,000 credit limit.


Extra value

Shopping online or travelling overseas? Pay no fees on foreign transactions.

What are low rate credit cards?

If you’re after a low rate credit card, check these out. The key benefit is a low ongoing interest rate that’s charged on purchases, known as the ‘purchase rate’. Note there’s also a separate ‘cash advance rate’ (e.g. for withdrawing cash from an ATM), which is likely to be higher. Want to know more? Compare Westpac’s Low Rate Cards – Westpac Lite Card or Westpac Low Rate Card.

How to compare low rate credit cards

When you compare low interest rate credit cards, think about how you’d use it to decide what’s important to you.  Some key factors to consider include purchase rate, cash rate (for drawing cash directly), annual card fee, and the number of interest-free days. Also you may want to consider special offers as well as tools (such as Westpac’s SmartPlan) that could help with money management.

Pros and cons of low rate credit cards

Pros: A low interest rate on purchases; usually a lower annual fee than a rewards card; for Westpac card customers, you can pay down debt with SmartPlan and also set up Autopay to help you never miss a payment.  

Cons: To get the lower purchase rate you forego some ‘extras’ like complimentary insurance or rewards points.

Things you should know

Consumer Credit Cards - Conditions of Use (PDF 288KB)

Good news! From 15 October 2019, there are exciting, new enhanced benefits being added to the Westpac Altitude Black & Altitude Platinum Mastercard. If you apply and are approved for this product, these new enhanced benefits will be available on the card account from this date.

Credit criteria, fees and charges apply. Offers are not available in conjunction with any special offers that are not listed on Switches, upgrades or Westpac group staff are ineligible on Westpac issued cards. Offer may be withdrawn or extended at any time.

Be credit savvy: Before applying, consider a realistic credit limit and check all conditions, interest rates, fees and charges on your selected card.

+Cash back promotion: The cash back offer is available when you apply and are approved for a new Low Rate credit card from 1st August 2019 and midnight 15th October 2019 and spend $800 on eligible purchases within 90 days of card approval. Eligible purchases do not include fees, cash, cash equivalent transactions, payments to the Australian Tax Office, BPAY, refunds and balance transfers debited from the card account. The $250 cashback will be paid as a statement credit to your respective Low Rate credit card account within 60 days of meeting minimum spend criteria. Existing Westpac customers who currently hold a Low Rate credit card, or who have held one in the last 12 months and packaged cards are not eligible for this offer. Cannot be used in conjunction with a balance transfer promotion at card opening.

1 SmartPlan : SmartPlan is currently available for all Westpac consumer credit cards. Fees may apply.
You need to register for Online Banking before you can set up a SmartPlan. Read the Online Banking terms and conditions available at
The establishment fee is charged upfront but is payable in monthly instalments over the term of your Large Purchase SmartPlan. This means that if you cancel your SmartPlan (or don’t make the required SmartPlan repayments) you must still pay the whole establishment fee, including any interest on the establishment fee. SmartPlan requires cardholders to make regular monthly payments for the full term and at the interest rate that applies when the SmartPlan is created. All payments made to your credit card account will be applied first to any SmartPlan instalments. Therefore, debts accruing a higher interest rate may be left unpaid during the SmartPlan term. Any balance transfer amounts on a SmartPlan must have a remaining term of between 3 and 36 months to be eligible for a SmartPlan. See Westpac SmartPlan Terms and Conditions (PDF 8MB) for more details. SmartPlan cancellation takes up to 2 business days. When a SmartPlan ends, any remaining balance will revert to the variable annual interest rate for your balance type or special offer rate as applicable. Cardholders keep interest-free days (if applicable) after a balance transfer when you pay your monthly payment (being your SmartPlan repayments plus the minimum monthly repayment on your credit card account) SmartPlan repayment.

Westpac is the credit provider and credit licensee under National Consumer Credit Laws.

Mastercard® is a registered trademark, and the circles design and Tap & go are trademarks of Mastercard International Incorporated.

Autopay: A fixed dollar or percentage of your monthly credit card statement “closing balance” will be paid. If the “closing balance” is less than your nominated amount, only the “closing balance” will be paid. If your nominated amount falls below the “minimum payment due”, Westpac will debit the “minimum payment due”.