Our Low Rate credit card provides a low interest purchase rate plus a low annual fee to help trim your credit card costs.
Trim your costs. Get back to enjoying life.
- 0% p.a. for 12 months on balance transfers requested at card application. Calculate how much you could save
- 0% p.a. on purchases for up to 6 months from card approval.
After the promotional period, the balance transfer and purchase rate switch to the applicable standard variable purchase rate. See 'Rates'.
Special Offer for Existing Westpac Customers
- $0 annual fee in the first year when you apply via the Westpac customers 'Apply now’ button.
All special offers are for new cards only and are valid until 20th April 2017. See 'Things you should know' below.
Did you know that the Low Rate credit card is our most popular credit card?
(these may change)
|Foreign transaction fee||A Foreign Transaction Fee is payable as a percentage of the Australian dollar value of any Foreign Transaction. The percentage will vary depending on the applicable credit card scheme:
|Cash advances/withdrawals fee||
An administrative charge of 2% of the value of the transaction will apply to each cash advance made on your card account, where your account has a negative (debit) balance after the transaction has been posted to it. A minimum charge of $2.50 and a maximum charge of $150 will apply in these circumstances.
Where your account has a positive (credit) balance after the transaction has been posted to it, a charge of $2.50 will apply to the transaction.
These charges will appear on your credit card statement directly below the relevant cash advance.
|Missed payment charge||A charge of $15 may be payable each statement cycle that the whole of the minimum monthly payment is not paid by the statement due date. If charged, the Missed Payment Charge will be debited to your account.|
|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.|
|Duplicate statement fee||$7.50 may be debited from your credit card account if you, or an additional cardholder, orders a copy of a statement that has already been issued for your account. This fee is debited from your account on or after the day you order the duplicate statement.|
|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.|
Follow these tips to minimise credit card fees and charges.
|Purchases||13.49% p.a. (variable)|
|Cash advances||21.49% p.a. (variable)|
Special purchase rate promotion:
See 'Things you should know' below for terms and conditions.
|0% p.a. on purchases for up to 6 months from card approval|
Special balance transfer promotion:
See 'Things you should know' below for terms and conditions.
|0% p.a. for 12 months on balance transfers requested at card application.|
Things you should know
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, customers accessing employee benefits or packaged cards are ineligible.
Be credit savvy: Before applying, consider a realistic credit limit and check all conditions, interest rates, fees and charges on your selected card.
^$0 annual fee in first year for existing Westpac customers promotion: To be eligible for this promotion you must be an existing Westpac customer that applies for a new Low Rate, Altitude, Altitude Platinum or Altitude Black card by clicking on the Westpac customers 'Apply now’ button via westpac.com.au between 31st January 2017 and 20th April 2017. The first annual fee will be debited on the 12 month anniversary of the first transaction on your account and annually thereafter on the anniversary of the first annual fee.
Purchase rate promotion: The introductory rate of 0% p.a. on purchases is available when you apply for a new Westpac credit card between 31st January 2017 and 20th April 2017. The introductory rate will be applied from the date of the first purchase on your account and expires 6 months after the date of card approval. At the end of this period the introductory purchase rate will switch to the variable purchase rate then applicable to your card account and any purchases that remain unpaid at that time will revert to the standard variable purchase rate then applicable to your card account.
Balance transfer promotion: The promotional balance transfer rate is available when you apply for a new Westpac credit card between 31st January 2017 and 20th April 2017 and request at application to transfer balance(s) from up to 3 non-Westpac Australian issued credit, charge or store cards. The rates will apply to balance(s) transferred (min $200 up to 95% of your approved available credit limit) for the promotional period, unless the amount is paid off earlier. Card activation will trigger the processing of the balance transfer. The variable purchase rate will apply to balance(s) transferred but left unpaid at the end of the promotional period. 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). The variable purchase interest rate applies to balance transfers requested at any other time. Interest free days don’t apply to balance transfers.
Westpac is the credit provider and credit licensee under National Consumer Credit Laws.
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