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SmartPlan is a repayment plan for your credit card.

When life gets busy, it's easy to lose track of your credit card balance. And because we don’t want you owing money longer than you need to, we’ve created SmartPlan.

SmartPlan helps you structure your credit card repayments by breaking them down into regular monthly instalments.

It’s ideal for those big-ticket items such as unplanned expenses, emergency cash withdrawals or helping you pay off a balance transfer.

 

You can:

  • Create a SmartPlan for your credit card balances
  • Have up to 8 SmartPlans on your card at any time
  • Keep track of your progress 24/7 in Westpac Live
  • Manage repayments with Card Autopay
  • Cancel your SmartPlan at any time.1

 

SmartPlan is available on all Westpac consumer credit cards through Westpac Live and Mobile Banking.


There are two types of SmartPlan

Which is right for you?

Large Purchase SmartPlan

Create a Large Purchase SmartPlan to help you pay off an individual ‘big ticket’ item of $500 or more2 that you’ve bought on your card in the last 30 days – think purchases such as a flight, hotel bill or even a new fridge. Large Purchase SmartPlans are currently available at a lower interest rate.*

Credit Card Balance SmartPlan

Turn any of your outstanding purchase, cash advance or promotional plan (e.g. Balance Transfer) balances of $200 or more into a SmartPlan. The Purchase Balance SmartPlan type is currently available at a lower interest rate.*


There's a SmartPlan for you

Choose one of the following scenarios to find out how SmartPlan works.

I recently bought a big ticket item

Large Purchase SmartPlan – for single items of $500 or more, like a sofa or overseas flight, purchased in the last 30 days.

I want to pay off my credit card purchase balance

Balance SmartPlan – for paying off your full or partial purchase balances of $200 or more.

I want to make the most of my promotional interest rate

Promotional SmartPlan – for paying off your card balance before a promotional rate ends.

I want to pay off a cash advance

Cash Advance SmartPlan – for paying off cash advances, for example cash withdrawn from an ATM. It must total $200 or more to be eligible.


Rates and features for different SmartPlan types

Features  
Low Rate cards (excluding Westpac Lite Visa card)
SmartPlan discount off the applicable variable purchase rate
1.5% p.a.*
Low Fee cards
SmartPlan discount off the applicable variable purchase rate
2.0% p.a.*
Rewards cards
SmartPlan discount off the applicable variable purchase rate
2.0% p.a.*
SmartPlan repayment options Up to three repayment terms
Minimum amount $200
Balance amount Select your full or partial credit card balance

Features  
Low Rate - SmartPlan interest rate
Applicable cash advance rate

Low Fee cards - SmartPlan interest rate

Applicable cash advance rate
Rewards cards - SmartPlan interest rate Applicable cash advance rate
SmartPlan repayment options Up to three repayment terms
Minimum amount $200
Features  
Low Rate - SmartPlan interest rate
Applicable promotional rate

Low Fee cards - SmartPlan interest rate

Applicable promotional rate
Rewards cards - SmartPlan interest rate Applicable promotional rate
SmartPlan repayment options One repayment term (in line with remaining promotional term)**
Minimum amount $200
Things you should know

SmartPlan Terms and Conditions (PDF 8MB)

Consumer Credit Cards - Conditions of Use (PDF 293KB)

You need to register for Online Banking before you can set up a SmartPlan. Read the Online Banking terms and conditions here: Online Banking Terms and Conditions (PDF 237KB)

SmartPlans are currently available for all Westpac consumer credit cards.

1. SmartPlan cancellation takes up to 2 Business Days. Any SmartPlan Remaining Balance will revert to the variable interest rate for your balance type or special offer rate as applicable.

*Discounted rates may not apply to cards with existing promotional rates. Discounted rates will not apply to Westpac Lite Visa cards.

**Promotion Plans must have a remaining term of at least 3 months, but where more than 36 months are remaining on a Promotion Plan, any SmartPlan will be capped at 36 months.