Westpac 55 Day Credit Card – Rates and Fees

Information verified correct on September 26th, 2016
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Sign up for the Westpac 55 Day Credit Card to access a no annual fee and 0% p.a. for 16 months on balance transfers.

Not only will the annual fee be waived for your first year, but it can be waived every year if you are able to meet their conditions. That’s an extra $30 each year that can go towards gas, groceries or anything else you desire. Other features like a balance transfer deal and extended interest-free days make this simple credit card something to think about.

Product NameWestpac 55 Day credit card
Balance transfer rate (p.a.)0% p.a. for 16 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (19.84% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)1% p.a. for 12 months (reverts to 19.84% p.a.)
Offer end date11 October 2016
Annual fee$0 p.a. annual fee for the first year ($30 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.29% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
Minimum Monthly Repayment2%
Card TypeVisa
Late Payment Fee$9
Foreign Currency Conversion Fee (VISA)3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
Annual Fee$0 p.a. annual fee for the first year ($30 p.a. thereafter)
Minimum Repayment2%
Late Payment Fee$9
Over Limit Fee$9
Cash Advance Fee2% of the value of the transaction or a minimum charge of $2.50 will apply
Overseas Cash Advance Fee2%
Overseas Emergency Replacement$0
Overseas ATM Balance check$0
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders1
Direct DebitYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
  • A low balance transfer offer of 0% p.a. for 16 months
  • An introductory purchase rate of 1% p.a. for up to 12 months
  • Up to 55 interest-free days
  • Get $0 annual fee for the first year if you apply before 11 October 2016.
  • This card does not offer rewards program.

Westpac 55 Day Credit Card Review

In addition to the current no fee offer, this Visa credit card from Westpac is offering a 0% p.a. on all balance transfers for 16 months. The card offers you more ways to save with a 55 day interest-free period on purchases made with your card.

The minimum credit limit offered is $1,000 with a competitive interest rate on both your purchases and cash withdrawals. Add 1 other cardholder at no extra cost, and give your family member the gift of easy purchasing that Visa provides.

Benefits of using a Westpac 55 Day Credit Card

When it comes to comparing simple credit cards, the Westpac 55 Day provides you with plenty of benefits to think about:

  • No annual fee. Not only will the annual fee of $30 be waived the first year just for signing on, it will be waived every year that you spend at least $5,000 using your credit card. Purchases are counted from the anniversary date of the first year’s annual fee waiver.
  • Balance transfers. You can transfer balances from up to three non-Westpac credit accounts to this one, up to , and pay 0% p.a. on those for the first 16 months. The variable cash advance rate of 21.29% p.a. will be applied to any balance left over after the interest-free period ends. Offer ends on 11 October 2016.
  • Interest-free days. Pay no interest on your current purchases if you are able to pay the closing balance in full by the statement due date. This can give you up to 55-days on your purchases.
  • Visa credit card. As one of the most recognised credit cards around the world, you will have virtually unlimited buying power with your credit card, whether you shop over the phone, online or in person.
  • Contactless shopping. For purchases under $100 you can pay for purchases simply by tapping your card against a terminal bearing the contactless symbol. Or you can download the Westpac app onto your Samsung Galaxy S4, S5 or Note 3 and tap and go using your mobile phone.

Features of the Westpac 55 Day credit card

When comparing different credit card offers, it is important that you not only look at its special benefits, but also the standard features. Check how the Westpac 55 Day Credit Card stacks up against other similar cards by comparing these features as well:

  • Rates. The current variable interest rate on purchases is 19.84% p.a. and 21.29% p.a. for cash advances. It is important to note that any unpaid balance from a transfer will revert to the higher cash advance rate after the 16 month 3.99% p.a. is finished.
  • Fees. You are given one year without having to pay an annual fee, and the option to continue with a no fee credit card if you meet the spending limit. If you do not spend $5,000 a year using your credit card, you will have to pay a $30 annual fee.
  • Interest-free period. The interest-free period with this credit card is up to 55 days, giving you more time to pay off your balance before it starts accruing interest.
  • Added security. Your credit card and you are protected by the Westpac Cardshield program that works to defend against fraud. Inside the card is also an embedded microchip for added protection, and a Verified Visa option that keeps you protected when shopping online.

How to apply for the Westpac 55 Day Credit Card

To apply for the Westpac 55 Day credit card, simply complete an online application. You’ll then have to fill out the required forms, submit and receive an answer back within 60 seconds. Just ensure that you are eligible before you begin.

Eligibility criteria

  • Applicants need to be at least 18 years old and permanent residents of Australia.
  • You must a good credit rating to be eligible for this card. Your annual income will determine how much credit is extended to you.
  • Only individuals who are not currently holding an open Westpac credit card product can apply.

Required documents

  • A valid Australian driver’s licence or passport will prove that you are eligible by verifying that you are who you claim to be.
  • Your income can be shown using tax documents, payslips, or bank statements showing regular deposits.

In order to ensure that you are getting the most benefit from your credit card, you should always compare the features and benefits among a few different offers and banks. This will give you a good idea of which card holds the most value for your circumstances.

Frequently asked questions

Will applying for the Westpac 55 Day and another card at the same time hurt my chances for approval?

One of the reasons why we suggest comparing offers first is to give you the best odds of being approved on your first application. Multiple enquiries into your credit history will negatively affect your rating and should be avoided.

I am not a permanent resident of Australia, but do have a 457 visa, will I be eligible for this card?

While Westpac does have credit cards for non-permanent residents, this is not one of them. You will need to look into their Migrant Credit Card which gives you the option of a rewards, low annual fee, low interest rate or platinum credit card.

How do you qualify for no annual fees after the first year?

If you make $5,000 in purchases in one year starting from the anniversary date of the card, you will not be charged the $30 annual fee.

Is the additional card holder responsible for the account as well?

No, the primary card holder assumes all responsibility for the account, including the activities of the additional card holder.

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115 Responses to Westpac 55 Day Credit Card – Rates and Fees

  1. Default Gravatar
    sightseeing | May 25, 2016

    Hello! And what is a travellers’ card? Is it suitable than a credit card? Thank you.

    • Staff
      May | May 26, 2016

      Hi Sightseeing Tour,

      Thanks for your inquiry.

      A travel card is a convenient way to access your travel cash while you’re on a trip. There are three main types of travel cards available in Australia: prepaid travel cards, credit cards and debit cards. The best option among the three depends on entirely on your own financial situation, travel plans and spending habits. So, it’s best that you make a comparison and see which one of these cards really gives you the highest benefits when you bring them abroad.


  2. Default Gravatar
    Al | January 6, 2016

    With this special offer I assume The 12 month interest free on purchases supersedes the 55 day interest free terms on the card?


    • Staff
      Sally | January 7, 2016

      Hi Al,

      Thanks for your question.

      That’s correct. The 55 interest-free days will come in handy once the 12-month promotional period ends. Please note that you have to pay your balance in full by the end of the statement period to take advantage of up to 55 interest-free days on purchases.

      I hope this has helped.



  3. Default Gravatar
    armaan | July 10, 2015

    I have received a letter by Westpac bank offering me a credit card but I don’t have a good credit history. I have 40-50 grand in my saving accounts in Westpac bank so I just want to know if I proceed with this credit card application, is there any chance of getting approved or not?

    • Staff
      Jonathan | July 13, 2015

      Hi Armaan, thanks for your inquiry!

      It is important to assess your own ability to repay and manage a credit card service. If there have been defaults or late payments on your credit file this may be an inhibition to your application process. Please refer to the following link for requesting a copy of your credit file to ensure good understanding of your current credit status.



  4. Default Gravatar
    helen | May 11, 2015

    I was looking to apply for this credit card however before I do, I would like to read the Consumer Credit Card – Conditions of Use file which will not open on multiple devices that i used.

    Where could I locate a link that works?


    • Staff
      Jonathan | May 12, 2015

      Hi Helen, thanks for your inquiry!

      Please refer to the PDF I have sent to your email for the terms and conditions of this product.



  5. Default Gravatar
    | May 4, 2015

    I am not an permanent resident of Australia, but currently on employer sponsored visa 457 for 4 years and staying in Australia for the past one year with a good credit history.
    Am I eligible to apply for this card?

    many thanks


    • Staff
      Jonathan | May 4, 2015

      Hi Alex, thanks for your inquiry!

      Westpac supports applications with 457 Visa’s. The Migrant Credit Card gives you the option of choosing between Rewards, a Low Annual Fee, Low Interest Rate and Platinum Card. Migrant Credit Cards are only available through applying at your local branch.



  6. Default Gravatar
    | April 17, 2015

    I will be taking a cruise shortly with MSC Cruises. They stipulate that Travel Cards and debit Cards are not acceptable. The currency on board is Euro. If I were to book a shore excursion which is advertised here by MSC and is quoted in AUD, would this be converted to Euros and then when I pay my Visa statement would it be reconverted to AUD ? My card has no foreign fees.

    • Staff
      Jonathan | April 17, 2015

      Hi Frank, thanks for your inquiry!

      As per the terms and conditions when booking, “Please note you must select AUD or NZD at top of screen before booking so that the correct currency is charged for payment as this cannot be amended at time of payment.” This means that if you select AUD or NZD the respective currency will be charged to your card. If transactions were made on board currency would be converted to Euro at the bank’s buy rate Aud/ Eur.



  7. Default Gravatar
    Tee | April 15, 2015

    Hi just wondering… If I have a bad credit history in NZ will this impact my chances?

    • Staff
      Jonathan | April 15, 2015

      Hi Tee, thanks for your inquiry!

      Unless the bad credit history stems from a company that has international presence, credit history’s do not transfer to another country. As a result your credit rating will be at a neutral standing in the new destination.



  8. Default Gravatar
    | March 5, 2015

    Hi, it states on this card westpac 55 day card, no annual fee for the life of the card, but in the summary states a $30 annual fee. Can you please clarify

    • Default Gravatar
      | March 5, 2015

      Please remove the no annual fee for life of the card advertising. It is false and misleading

    • Staff
      Jonathan | March 5, 2015

      Hi Karen, thanks for your inquiry.

      The no annual fee for life is available when you spend $5,000 or more on purchases in each 12 months from the anniversary date of the first year’s annual fee waiver.



    • Staff
      Jonathan | March 5, 2015

      Hi Karen, thanks for your inquiry!

      The annual fee for this card is $0 p.a. for the first year and $30 p.a. thereafter.



  9. Default Gravatar
    Lindsay | January 31, 2015

    Does this card have “tap n go” / “pay wave” ?

    With additional card holders, are they listed on the account details.
    ie. as a “joint account” or is the account the responsibility only of the primary account holder ?

    • Staff
      Jonathan | February 2, 2015

      Hi Lindsay, thanks for your inquiry.

      This card comes Paywave enabled. Additional cardholders are listed on the account details, and are separate to the joint account type. It is important to note Westpac does not allow joint-account credit cards.

      I hope this helps!



  10. Default Gravatar
    Diana | January 20, 2015

    Hi I have a question about the 55 day Westpac credit card.
    One 1 section it says 0% for 12 months but then in another section it says 55 days interest free. Can you please clarify which one it is?

    • Staff
      Jonathan | January 20, 2015

      Hi Diana,

      Thanks for your inquiry,

      The 0% p.a. for 12 months promotional interest rate on purchases would allow you to pay no interest on purchases for the stated period. After the 12 month promotional period has passed, the purchase rate reverts to 19.84% p.a. with up to 55 days interest free.

      I hope this helps!



Credit Cards Comparison

Rates last updated September 26th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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