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Credit Card Fees

Annual card fee

Annual card fees are charged to the credit card account on the first use of the card and in subsequent years on or after the anniversary of the first charge.

For the Westpac Lite Card, the monthly card fee is charged to the credit card account on the first use of the card and then charged to the account on the statement date each month after.

Rewards  
Altitude Platinum Card (Altitude Rewards, Altitude Qantas, Altitude Velocity) $150 ($50 annual rewards fee applies for Altitude Qantas and Velocity programs)
Altitude Black Card (Altitude Rewards, Altitude Qantas, Altitude Velocity) $250 ($50 annual rewards fee applies for Altitude Qantas and Velocity programs)
Low Fee  
Low Fee card $30*
Low Rate  
Westpac Lite Card $108 ($9 per month)
Low Rate Card $59
Flex Card $10 monthly^

Foreign transaction fee

We charge a 3% Foreign Transaction Fee as a percentage of the Australian dollar value of any Foreign Transaction (includes transactions in a foreign currency, or in any currency with a merchant or processing entity located outside Australia).

Foreign Transaction Fees do not apply to the Westpac Lite Card and the Flex Card.

Cash advance fee

Cash advances/ Withdrawals Fee Transactions treated as Cash Advances include transactions where you use your card account to: Withdraw cash through an ATM or at a financial institution, or

Receive a cash substitute from a Merchant (e.g. purchasing gambling chips/ tokens), or

Purchase foreign exchange.

3% of the value of the transaction will apply to each cash advance. Refer to the Credit Card Terms and Conditions (PDF 200KB)

Cash Advances are not available on the Westpac Lite Card and the Flex Card.

 

Balance Transfer Fee

Balance transfer fee may apply. Balance transfers are not available on the Westpac Lite Card and the Flex Card.

Missed Payment Fees

A charge of $15 may be payable each statement cycle if the whole of the minimum monthly payment is not paid by statement due date. Missed Payment Fees do not apply to the Westpac Lite Card and the Flex Card.

Overlimit Fee

The overlimit fee applies to credit card accounts opened before 4 June 2012. A $15 fee may be charged if the credit limit is exceeded during the statement cycle. This fee may also apply whenever your account is over limit at the beginning of a new cycle.

Things you should know

Credit Cards Key Facts Sheet

*Low Fee annual card fee waiver: $0 card fee is available for the first year and every year afterwards when you apply and are approved for a new ‘Low Fee’ credit card. To qualify, you must meet the spend criteria on eligible purchases ($5,000 or more for a Low Fee card) in each 12-month period, starting from the date you made your first transaction.

^Monthly fee waiver: Flex Card has a flat Monthly Fee. The Monthly Fee is charged to your Flex Card Account each month and once it is charged it forms part of your balance. This Monthly Fee will, subject to the Flex Card Terms and Conditions, be waived if you pay off the Closing Balance shown on your previous statement by the payment due date shown on your statement.

Fees stated are current as at 16/11/2021, but may change from time to time. We will notify you of changes as required under the Credit Card Terms and Conditions for personal credit card accounts, or the Conditions of Use for business credit card accounts. All fees are debited to your credit card account under the Credit Card Terms and Conditions/Conditions of Use for the account. The fees are payable as part of the minimum payment required under those Credit Card Terms and Conditions/Conditions of Use. A Credit Card Offer and Credit Card Terms and Conditions/Conditions of Use will be provided at the time of approval. Please refer to these documents for full information on the fees and charges applicable to your credit card account. 

World Mastercard®, Mastercard® and the Mastercard brand mark are registered trademarks, and PayPass is a trademark of Mastercard International Incorporated.