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Whether it’s a little touch up or a total revamp, feel at home with the Low Rate credit card.

Get $200 cashback to your account, when you spend $400 or more within 90 days of card approval*. And to reward Westpac customers like you, there will be no annual card fee in the first year – currently saving you $59#.

Offer available until 23rd October 2018. New cards only.


The important numbers.

Low Rate card


  • Variable purchase rate: 13.49% p.a.
  • Variable cash advance rate: 19.49% p.a.
  • Annual card fee: $0 annual card fee for the first year (saving $59)#
(these may change)
Annual card fee $59#
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:
  1. Transactions in foreign currency
    • Visa: 3.0%
  2. Transactions in Australian dollars and the merchant or financial institution accepting the card is located overseas:
    • Visa: 3.0%
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 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.

Transaction Interest rates
Purchases 13.49% p.a. (variable)
Cash advances 19.49% p.a. (variable)

Here's why you'd choose our Low Rate card.

Keep control with alerts

Stay in touch with your card account 24/7 with complimentary SMS alerts and SMS payment reminders, so you can avoid missing payment fees. Or, you can set up Auto Pay in Westpac Live online banking so you never miss a credit card payment.

Misplaced your card? Lock it.

Can't find your card? Lock it in seconds with Card on Hold, while you search.
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Structure your credit card repayments by breaking them down into regular monthly instalments. It’s ideal for paying off ‘big ticket’ items bought in the last 30 days, like a fridge or flat screen TV. You’ll even get a lower rate. For more information, visit SmartPlan.

Things you should know

Consumer Credit Cards - Conditions of Use (PDF 280KB)

Switches, upgrades, or customers accessing employee benefits are ineligible. This promotion may be varied or withdrawn at any time and is not available in conjunction with any other promotion. The cashback and first year annual card fee waiver is available to customers who apply via this website (offer not available in branch or via call centres) and are approved for a new Low Rate credit card between 25 January 2018 and 11 June 2018.

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

*Cashback promotion: The cashback offer is available when you apply for a new Low Rate credit card between 12th June 2018 and 23rd October 2018 and spend $400 on eligible purchases within 90 days from card approval. Eligible purchases do not include fees, cash, cash equivalent transactions, BPAY, refunds and balance transfers debited from the card account. Only one cashback will be paid per customer. $200 cashback will be paid as a statement credit to your 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 the Balance Transfer promotion.

#No annual card fee in the first year: The first year annual card fee waiver is available when you apply for a new Westpac Low Rate credit card between 12th June 2018 and 23rd October 2018. The first annual card fee will be debited to your card account on the 12 month anniversary of the first transaction (including balance transfers) on your account and annually thereafter.

^SmartPlan: 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. Therefore debts accruing a higher interest rate maybe 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.

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

© Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.