Westpac Low Rate Credit Card
Choose the offer that works for you.
Up to $350 cashback
★ Get rewarded when you spend
Up to $350 cashback – $50 cashback for each month you spend $1k or more on eligible purchases in the first 7 months from card approval<.
Already with Westpac? Sign in to apply and we’ll waive your first year’s card fee^^.
Note - month is based on your credit card statement period. New cards only. Credit criteria and T&Cs apply.
★ Reduce interest on your current card balances
0% p.a. for 28 months on balance transfers requested at card application**. 2% balance transfer fee applies. After 28 months the rate reverts to the variable cash advance rate.
Already with Westpac? Sign in to apply and we’ll waive your first year’s card fee^^.
New cards only. Credit criteria and T&Cs apply. Your current credit card issuer must accept BPAY payments to be eligible.
At a glance
|Ongoing annual card fee
|Variable purchase rate
|Variable cash advance rate
|Minimum credit limit
|Minimum income required
Why choose the Low Rate card?
Take control of your money within the Westpac App
Powerful money management tools in the palm of your hand.
Get spend and cash flow insights
Manage your cards in one place
Order a new card, change your pin or temporarily lock your card if you misplace it, all in the app’s convenient Cards Hub.
View and transfer funds fast
Quick Balance lets you view the balance of three main accounts and quickly transfer money without signing in.
Standard rates and fees
New cards only
|Annual card fee
|Foreign transaction fee
Note: It may not always be clear to you that the Merchant or entity processing the transaction is located outside Australia. More about this fee.
|Cash advance fee
3% of the value of the transaction will apply to each cash advance made on your card account.
These charges will appear on your credit card statement directly below the relevant cash advance.
|Missed payment fee
|$15 each statement cycle that the minimum monthly payment is not paid by the statement due date.
|Non-Westpac Group ATM fee
|Although not a Westpac fee, using your card in a non-Westpac Group or Westpac Group partner ATM may result in a charge to you. Avoid paying an ATM operator fee by using any Westpac, St.George, BankSA, Bank of Melbourne or select Westpac Group partner ATM. Find a Westpac Group ATM.
|Credit card surcharge
|In some instances, businesses may administer a ‘surcharge’ for credit card payments. Usually, these are a percentage fee of your purchase amount. Ask the merchant if a surcharge applies and how much it is before paying if you’re unsure.
Alternative credit cards
Things you should know
Credit criteria, fees and charges apply. Credit Card Product Switches, upgrades or Westpac group staff are ineligible.
This promotion may be varied or withdrawn at any time and is not available in conjunction with any other promotion.
Be credit savvy: Before applying, consider a realistic credit limit and check all conditions, interest rates, fees and charges on your selected card.
<Low Rate Cashback promotion: the up to $350 cashback offer is available when you apply and are approved for a new Low Rate credit card between 2nd November 2023 and 31st July 2024. $50 cashback will be awarded for every month (statement period) $1k or more is spent on eligible purchases for the first 7 statement periods from card approval. Eligible purchases made in one statement period do not contribute to subsequent statement period offer eligibility. Eligible purchases do not include interest, fees, charges, cash or ATM cash advances, cash equivalent transactions, gambling transactions, a purchase from or payment to a local, state or federal government or government related agency, BPAY or similar transactions (such as Post Billpay), refunds and balance transfers debited to the card account. Cashback is only available on one credit card account per customer. $50 cashback will be paid as a statement credit to your Low Rate credit card account within 60 days of meeting the minimum spend criteria. Current Westpac credit card customers or customers who have held a Westpac credit card in the last 12 months are not eligible for this offer. This promotional offer is not available if you apply under the Westpac Premier Advantage Package.
**Low Rate Balance Transfer promotion: This offer is available when you apply for a new Low Rate credit card between 28th February 2024 and 31st July 2024, and request at card application to transfer balance(s) from up to 3 non-Westpac Australian issued credit, charge or store cards. Your current credit card issuer must accept BPAY payments to be eligible, you can check your credit card statement for payment options. 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. A balance transfer fee of 2% of the transferred balance(s) will apply to balance(s) transferred to the Westpac Low Rate credit card. The balance transfer fee will be charged to the card account on the same day the balance(s) are debited to the account. The applicable variable cash advance rate will apply to any unpaid balance transfer amount remaining at the end of the promotional period unless the amount is paid off earlier. Westpac 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). If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the 'Monthly Payment Balance' listed on your statement of account (not the full closing balance) by the relevant payment due date. These promotional offers are not available if you apply under the Westpac Premier Advantage Package. Credit Card Product Switches, upgrades or Westpac group staff are ineligible for this offer.
^^Existing customers only - Low Rate First Year Card Fee Waiver: is available for existing Westpac customers when you apply and are approved for a new Low Rate credit card between 2nd November 2023 and 31st July 2024. After the first year, the $59 card fee will be debited to your account annually on the 12-month anniversary of the Card Fee date.
2. Interest free period is available when you pay the Closing Balance (or the Monthly Payment Balance if you have a Balance Transfer, a SmartPlan or a PartPay Card) in full by the payment due date.
1 SmartPlan: SmartPlan is currently available for eligible Westpac consumer credit cards. Fees may apply. You need to register for Online Banking before you can set up a SmartPlan. Read the available at westpac.com.au. 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. Note: To ensure that your credit card balance does not exceed the credit limit, please consider the amount of the establishment fee indicated when you set up a plan. 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 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.
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”. Not applicable to Flex Card or in relation to PartPay Autopay. For more information on applicable Autopay preferences on Flex Card, refer to the .
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