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55 Day Gold MasterCard (no longer available)

Update  

Our 55 Day Gold MasterCard® is no longer available.  See our full range of available credit cards.  

Essentials

Annual fee and interest free days

  • $0 annual fee in the first year (currently saving $90)
  • $0 annual fee in subsequent years when you spend $15,000 or more on purchases in the previous year using your card
  • Up to 55 days interest free on purchases when you pay the closing balance (including any promotional balance transfer amount) in full by the due date shown on your statement.

Insurance

  • Complimentary insurance covers.

Variable interest rates

  • On purchases - 19.59%p.a.
  • On cash advances - 21.49%p.a.

Minimum credit limit

  • $5,000 minimum credit limit

Things you should know

For Credit Cards Conditions of Use and more see Details.

Consumer Credit Card - Conditions of Use (PDF 649kb)

Westpac Credit Cards Complimentary Insurance Policy (PDF 770kb) for purchases on and after 21 October 2012

Westpac Credit Cards Complimentary Insurance Policy (PDF 739kb) for purchases up to and including 20 October 2012

 

Complimentary insurance covers for 55 Day Gold Visa or MasterCard

Zurich Australian Insurance Limited ABN 13 000 296 640 AFSL 232507 issues these covers to Westpac Banking Corporation under separate Master Policies and is liable for the risks insured. Terms, conditions, exclusions and limits apply. No Westpac Group company has any liability in connection with the insurance policies.

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Features

Complimentary insurance covers

A range of complimentary insurance covers come with your cards as set out in the Westpac Credit Cards Complimentary Insurance Policy.

Overseas travel insurance

For overseas trips up to 3 months, cover includes:

  • Specified medical expenses incurred overseas
  • Up to $15,000 per person cover for loss or damage to personal property
  • Up to $550 per person for loss or damage to travel documents
  • Limit of $2.5 million of personal liability cover
  • Up to $5,000 rental vehicle excess cover as specified in the policy for loss or damage to rental vehicle.

You, your spouse and your dependent children could be automatically covered for Complimentary Overseas Travel Insurance cover, if before you leave you prepay travel costs using your 55 Day Gold MasterCard in accordance with the policy. 

Transit accident insurance

Up to $250,000 transit accident insurance cover against specified accidental death or injury when sustained while riding as a passenger in a on plane, bus, train or ferry when you have purchased the tickets for the journey using your 55 Day Gold MasterCard before you leave.

Purchase security insurance

3 months cover against loss, theft or accidental damage for most new items purchased in Australia and overseas provided the purchase is charged to your 55 Day Gold MasterCard.

Extended warranty insurance

Up to 12 months extended warranty insurance cover (in addition to the manufacturer’s expressed Australian warranty) on most new personal items purchased using your 55 Day Gold MasterCard.

Additional cardholder

  • Add one additional cardholder (16 years or older) at no extra cost
  • The account holder (primary cardholder) is liable for all transactions on these cards and their own card.

Interest free days

Up to 55 interest free days on purchases when you pay your closing balance (including any promotional amount) in full by the statement due date each month.

Annual fee

  • $0 annual fee in the first year (currently saving $90)
  • Annual card fee waived in subsequent years when you spend $15,000 or more on purchases in the previous year using your 55 Day Gold MasterCard.

Contactless technology

For a fast and convenient payment option for everyday purchases, 55 Day Visa and MasterCard® come with contactless technology:

  • For  purchases of $100 or less, tap your MasterCard on the PayPass™ terminal wherever you see the PayPass logo - no need to enter a PIN or sign.

Card security

As well as an embedded microchip, take advantage of additional security measures helping defend against fraudulent activity:
Cardshield™ helps defend against fraudulent activity:

Things you should know

Credit Card Repayment Protection

This insurance is issued by Westpac General Insurance Limited ABN 99 003 719 319 (WGIL) and Westpac Life Insurance Services Limited ABN 31 003 149 157 (WLIS) each of which is liable for separate risks under the terms of the policy in Details. This product is distributed by Westpac Banking Corporation ABN 33 007 457 141 (the Bank) and is not an investment in or deposit with the Bank. No Westpac Group company (other than the Bank as policy distributor and WGIL and WLIS as the product issuers) has any liability in connection with the policy or this document. The Bank doesn’t guarantee payments under the policy.

Complimentary insurance issuer details

Zurich Australian Insurance Limited ABN 13 000 296 640 AFSL 232507 issues these covers to Westpac Banking Corporation under separate Master Policies and is liable for the risks insured. Terms, conditions, exclusions and limits apply. No Westpac Group company has any liability in connection with the insurance policies.

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Fees

Fees (these may change)Amount

Annual fee

$90. Waived for the first year. Fee waived in subsequent years when you spend $15,000 or more on purchases in the previous year using your credit card.

Westpac Foreign Transaction Fee 

The sum of the Westpac Processing Fee and the Westpac On-Charged Scheme Fee displayed separately on your statement.

The Westpac 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:

  • Visa: 3.0%
  • Mastercard: 3.0%
  • American Express: 3.5%
Westpac Processing FeeWe charge a fee of 2% of the Australian dollar value of any purchases or cash advances/withdrawals when the applicable credit card scheme converts the transaction from a foreign currency into Australian dollars.
Westpac On-Charged Scheme Fee

The credit card schemes also charge fees when processing credit card transactions made in foreign currencies. The fees are either charged during the process of converting the foreign currency amount into Australian dollars, or are charged separately to Westpac and passed on to you by us. The fees vary depending on the applicable credit card scheme:

  • Visa Worldwide Service Assessment Fee - 1.0% of the transaction amount where a transaction is made using your Visa Card and the merchant or financial institution accepting the card is located outside of Australia. We pass this amount on to our customers.
  • MasterCard® Issuer Cross Border Assessment - 0.8% of the transaction amount where a transaction is made using your MasterCard and the merchant or financial institution accepting the card is located outside of Australia. We pass this on to the account holder.
  • MasterCard Currency Conversion Assessment - 0.2% of the transaction amount for converting foreign currency transactions made using a MasterCard into Australian dollars. We pass this on to the account holder.
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. 

Where your account has a positive (credit) balance after the transaction has been posted to it, only a charge of $2.50 will apply.

These charges will appear on your credit card statement directly below the relevant cash advance.

Missed payment charge

$9 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 $9 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, order 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.

Balance transfer fee A balance transfer fee of 1% of the transferred balance(s) will be charged to the 55 Day Gold card account on the same day these balance(s) are debited to the account.

 For more information see the  Consumer Credit Card Conditions of Use (PDF 232kb).

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Rates

TransactionInterest Rates
Purchases19.59% p.a. (variable)
Cash advances21.49% p.a. (variable)

For more information, including the Consumer Credit Card Conditions of Use.  

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Contact us

Please feel free to contact us anytime on 1300 367 228.

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