Low Rate Card
Why choose the Low Rate card?
- Get a low variable rate of 13.49% p.a. on purchases.
- Withdraw cash at a variable rate of 19.49% p.a.
- Pay no annual card fee for the first year, saving $59 +
- Pay no interest on purchases for up to 55 days when you pay off your balance in full each month.
Special offer for a limited time
Pay no annual card fee for the first year (saving $59).+
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 reverts to the variable cash advance rate.#
How does a Westpac credit card help me?
Plan smarter repayments
Use our SmartPlan repayment planner to break large purchases or balances down into regular instalments while keeping interest-free days.1
Track your spending easily
Adjust payment limits, place your card on hold and track your balance quickly and easily using the Mobile Banking app.
Frequently asked questions
A balance transfer is when you move balances from one or more credit or store cards to another credit card. Consolidating multiple cards into a new card can make it simpler for you to manage your credit card debt. For example, it could give you only one monthly repayment and annual card fee on your debt, provided you close your previous cards.
With a Westpac balance transfer, you can:
- Consolidate up to 3 non-Westpac Australian issued credit, charge or store cards.
- Transfer up to 80% of the credit limit available on the Westpac card you’re transferring to (minimum transfer of $200).
The process is simple:
- Apply for a Low Rate card online in 10 minutes and get a response in 60 seconds.
- In your application, include the account numbers of the credit cards you would like to transfer, the providers' biller codes and the amounts you'd like to transfer.
- Activate your card. Any approved balance transfers will occur once your card is active.
Our limited time offer:
- Pay no interest for 24 months on balance transfers requested at card application.
- A one off fee of 1% of the amount that you are transferring applies and is added to the total balance transfer amount.
- After 24 months, any remaining balance transfer amount will accrue interest at the variable cash advance rate of the card.
Note: Westpac will not cancel your other cards. If your aim is to pay down your balances, it may be helpful to cancel your old cards once the balance transfer is complete so you don't use them to accrue more debt. You can usually ask to cancel a card account over the phone, provided the card has been paid off.
SmartPlan helps you stay on top of large purchases and balances by breaking them down into regular installments.1
Credit card balance SmartPlan
Turn any of your outstanding purchase, cash advance or promotional plan (e.g. balance transfer) balances of $200 or more into a SmartPlan. The purchase balance SmartPlan type is currently available at a lower interest rate.2
Large purchase SmartPlan
Create a large purchase SmartPlan to help you pay off an individual ‘big ticket’ item of $500 or more that you’ve bought on your card in the last 30 days – think purchases such as a flight, hotel bill or even a new fridge. Large purchase SmartPlans are currently available at a lower interest rate.2
The security of your card and information is extremely important to us. We have a range of security measures in place to ensure that your account is protected, including online. Westpac Added Online Security provides extra peace of mind when shopping online at participating retailers.
We also have your back if something does go wrong. Our Fraud Money Back Guarantee ensures that customers will be reimbursed for any unauthorised transactions provided that the customer has not contributed to the loss and contacted Westpac promptly.
|Annual card fee||$0 for the first year (saving $59)+|
Foreign transaction fee
Payable as a percentage of the Australian dollar value of any foreign transaction.
Applies for transactions in a foreign currency, or in Australian dollars but processed by an overseas merchant or financial institution.
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
If the card has a negative balance after the transaction: 2.0% or $2.50, whichever is higher (max. $150).
If the card has a positive balance after the transaction: $2.50
These charges will appear on your statement directly below the relevant cash advance.
|Duplicate statement fee||$2.00|
|Missed payment charge||$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 ATM may result in a charge to you. Avoid this fee by using one of Westpac’s extensive network of 2,900 ATMS across Australia (including any St.George, BankSA and Bank of Melbourne ATMs). 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.|
|Over-limit fee||If your card account was opened before 4 June 2012, a fee of $15 may be debited from your credit card account every time you exceed your credit limit during a statement cycle. It is debited from your account in that statement cycle, on or after the day(s) your credit limit is exceeded. This fee may also be charged whenever your account is over limit at the commencement of a statement cycle.|
Things you should know
Be credit savvy: Before applying, consider a realistic credit limit and check all conditions, interest rates, fees and charges on your selected card.
In respect of Westpac credit card applications started after 1 March 2019:
- All approved credit cards will be Mastercard branded
- The “55 Day Classic” card will be withdrawn from sale and replaced by the “Westpac Low Fee” card, and
- The “55 Day Platinum” card will be withdrawn from sale and replaced by the “Westpac Low Fee Platinum” card
Credit criteria, fees and charges apply. Offers are not available in conjunction with any special offers that are not listed on www.westpac.com.au. Switches, upgrades or Westpac group staff are ineligible. Offer may be withdrawn or extended at any time. Terms and conditions available on request.
#Balance transfer promotion: This offer is available when you apply for a new Low Rate credit card between 28th November 2018 and midnight 2nd April 2019, 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 1% 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.
+No annual card fee in the first year promotion: The first year annual card fee waiver is available when you apply for a new Low Rate or Altitude Platinum card between 28th November 2018 and 2nd April 2019. The first annual card fee will be debited on the 12 month anniversary of the first transaction on your account and annually thereafter.
1 SmartPlan Disclaimer: SmartPlan requires monthly payments to be made for the term calculated and at the applicable interest rate when the SmartPlan is entered into. All payments made to your account will be applied first to any SmartPlan instalments, so debts accruing a higher interest rate may be left unpaid during the SmartPlan term. Your balance transfer must have a maximum of 36 months and a remaining term of at least 3 months to be eligible for a SmartPlan. See SmartPlan for more details. SmartPlan cancellation takes up to 2 Business Days. Any SmartPlan Remaining Balance will revert to the variable interest rate for your balance type or special offer rate as applicable. Fees may apply with some SmartPlans.
2 Discounted rates may not apply to cards with existing promotional rates. Discounted rates will not apply to Westpac Lite Visa cards.
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