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How to choose the right credit card

Choosing the right credit card can be a bit of a tricky task, especially if you don’t know what to look out for. There are different features and benefits for every card in the market and cutting through the information can be a little tedious.


Finding the right card for you depends on many different factors, so here are a few things to consider before committing to your new plastic.

What do you want to use your card for?

When choosing a credit card, it’s important to consider what you actually want to use the card for. Do you want to keep it in your wallet for emergencies? Do you want to make your dollar go further by collecting rewards points? Do you have an existing non-Westpac credit card and would like to transfer your balance? Or do you just want the freedom of having credit when you need it? Your behaviours will help you nut out the type of card that will work best for you.

What should I consider before choosing a credit card?

There are several key features to consider before choosing a credit card.

What is the interest rate?

Every credit card has an applicable interest rate that applies to the outstanding balance of your credit card after the interest-free period has expired. If you do not plan to pay off your entire balance before the interest-free period, then this may be an important factor to consider.

What is the cash advance rate?

A cash advance is the withdrawal of cash or a transfer of funds from your credit card. A specific interest rate applies to this type of transaction. Transaction fees may also apply.

What is the annual credit card fee?

Most credit cards will have an applicable fee that is charged annually for the use and convenience of the card. This fee is separate to fees incurred due to interest and differs with each type of credit card.

Our credit card comparison tool is a useful way to see these criteria side by side for each card.

Find a card for you

If you know how you want to use your card, then you should be able to narrow down your card options. Take a look at our credit card finder tool to help you through the process.

Every type of credit card serves a different purpose; here are the cards that Westpac has on offer:

Low Rate credit card

The Westpac Low Rate credit card is designed to give you the flexibility of a low rate and a low annual fee. It also includes a 55 day interest free period on purchases when you pay the closing balance (including any balance transfer amount) by the statement due date each month.

Altitude Rewards credit cards

The Westpac Altitude Credit Card is the entry level rewards card and is designed to reward you for simply using your credit card. With the Altitude card, you can choose to participate in either Altitude Rewards or Altitude Qantas and collect points for the dollars you spend1.

The Altitude Platinum credit card includes the rewards benefits of the Altitude card plus platinum concierge2 and complimentary insurance covers3.

Lastly, the Altitude Black credit card is our top level rewards card and offers the highest points earn rate along with premium travel and lifestyle services.

Visit Rewards Cards to learn more.

55 Day credit cards

The 55 Day credit cards offer up to 55 days interest free on purchases when you pay the closing balance by the statement due date each month. There is also a platinum version of the 55 Day Credit Card which offers the same interest free period along with platinum concierge services, complimentary insurance and $0 annual fee in the first year if you meet minimum spend criteria4.

A credit card can be useful for emergency purchases or as part of a carefully planned budget. With a little bit of consideration, you could find the right card for you.

Ready to apply? Learn more about Westpac’s credit cards.

Things you should know

Consumer Credit Cards - Conditions of Use (PDF 258KB)

Credit criteria, fees and charges apply. Offers are not available in conjunction with any special offers that are not listed on Switches, upgrades, customers accessing employee benefits or packaged cards are ineligible.

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

1. Rewards Points: Depending on your choice of rewards program, you can earn Altitude Points or Qantas Points on your eligible purchases. The earning and redemption of Altitude Points and Qantas Points is subject to the Altitude Rewards and Altitude Qantas Terms and Conditions. You do not receive points if your card account is in arrears for 2 consecutive statement cycles and in other circumstances.

A points cap per statement cycle applies to the Altitude and Altitude Platinum Cards. For details, see the Rewards tab on the Altitude or Altitude Platinum product page.

2. Visa Platinum Concierge: Visa Platinum Concierge is serviced by a third party supplier. By accessing or using the Concierge, or attempting to do so, you are deemed to have understood and agreed to the terms of usage. For details and terms of usage, call 1300 859 100.

3. Complimentary insurance covers (effective 1 October 2017): AWP Australia Pty Ltd, ABN 52 097 227 177, AFSL 245631, of 74 High Street, Toowong, QLD 4066 (trading as Allianz Global Assistance) under a binder from the underwriter, Allianz Australia Insurance Limited ABN 15 000 122 850, AFSL 234708, has issued an insurance group policy to Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714 (Westpac), of 275 Kent Street, Sydney, NSW 2000 which allows eligible Westpac account holders and cardholders to claim under it as third party beneficiaries. The terms, conditions, limits and exclusions of the group policy are set out in the Westpac Credit Cards Complimentary Insurance Policy which may be amended from time to time. Westpac does not guarantee the insurance. You can get a copy of the policy booklet by downloading the Westpac Credit Cards Complimentary Insurance Policy (effective 1 October 2017) (PDF 6MB).

4. 55 Day no annual card fee promotion: $0 annual card fee in the first year and $0 annual card fee in subsequent years promotion is available when you apply for a new 55 Day or 55 Day Platinum credit card between 1st February 2018 and 11th June 2018 and spend $5,000 or more on a 55 Day credit card or $10,000 or more on a 55 Day Platinum credit card on purchases in each 12 months from the anniversary date of the first transaction on your account.
Westpac is the credit provider and credit licensee under National Consumer Credit Laws.

Westpac credit cards are part of the Westpac Group, including St.George, Bank of Melbourne, BankSA and Westpac.

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