Credit Card repayment calculator
Things you should know
Calculations provided are an estimate only. They do not include fees, charges or any promotional offers that may be applicable and assume that your monthly repayment amount is never overdue. Any additional transactions you make, including purchases or balance transfers, or interest rate changes that occur during the repayment period are not taken into consideration in the estimate provided.
*If your statement shows a closing balance, the minimum repayment will be 2% of the closing balance (rounded up to the nearest dollar) or $10, whichever is greater, plus the greater of any unpaid past due amounts from previous statements or any amount that exceeds your approved credit limit.
^This estimate does not include fees and charges that may apply to your credit card.
#Balance transfer promotion: This offer is available when you apply for a new Low Rate, 55 Day or 55 Day Platinum credit card between 28th November 2018 and 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 2% 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.
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. 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.
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.