Westpac 55 Day Platinum Credit Card – Review

Information verified correct on September 28th, 2016
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Pay 0% p.a. on balance transfers for 16 months, take advantage of the 1% p.a. for 12 months introductory purchase rate offer, plus receive complimentary insurances and access to platinum concierge service for a $0 annual fee for the first year.

Westpac 55 Day Platinum credit cardholders can enjoy complimentary travel and purchase insurance as well as 24/7 access to their very own platinum concierge service. If you have a debt to pay, you can consolidate it faster with a promotional 0% p.a. interest rate on balance transfers for the first 16 months. If you’d prefer to use the card for purchases, you can take advantage of the introductory rate of 1% p.a. for 12 months. Aside from the aforementioned, you’ll also be able to enjoy a $0 annual fee for the first year. These special offers will end on 11 October 2016.

Product NameWestpac 55 Day Platinum 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 ($90 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.
Minimum Monthly Repayment2%
Minimum Income$30,000
Card TypeVisa
Late Payment Fee$9
Foreign Currency Conversion Fee (VISA)3% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Minimum Income$30,000
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.
Annual Fee$0 p.a. annual fee for the first year ($90 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


  • Low balance transfer of 0% p.a. for 16 months
  • Introductory purchase rate offer of 1% p.a. for 12 months
  • $0 annual fee for the first year if you apply by 11 October 2016


  • There is no rewards program included for this account.

Westpac 55 Day Platinum credit card review

You can make use of the complimentary insurance covers and turn to the concierge service in a variety of situations. If you’re considering transferring balances from existing cards, you can also use this card’s promotional 0% p.a. balance transfer rate to good effect. You can also easily save money on purchases with the 1% p.a. for 12 months introductory rate on purchases. Not having to pay the first year’s annual fee and access to 55 interest-free days could also be of benefit. The said special offers will end on 11 October 2016.

Benefits of the Westpac 55 Day Platinum credit card

  • Introductory purchase rate offer. You can save more money with its 1% p.a. for 12 months purchase rate offer (reverts to the standard purchase rate of 19.84% p.a. after).
  • Balance transfer offer. You can transfer balances from existing cards to this one and save in the form of interest, as transferred balances don’t attract any interest for the first 16 months.
  • Annual fee waiver. Apply before 11 October 2016 and look forward to a $0 annual fee for the first year. In subsequent years, you can avoid paying the annual fee if your annual spend is $10,000 or more.
  • Interest-free days. You can get as many as 55 interest-free days on purchases, provided you pay the account’s closing balance in full every month.
  • Complimentary insurance covers. When you use this card to book travel tickets you receive complimentary overseas travel insurance and transit accident insurance. Purchases made using this card also receive protection through purchase security insurance and extended warranty insurance.
  • Platinum concierge service. Whether you’re looking to make dinner reservations, find tickets to a concert or organise the perfect gift for a loved one, the platinum concierge service is available 24/7 to make your life easier.

Features of the Westpac 55 Day Platinum credit card

  • Balance transfer offer. This platinum credit card does not charge any interest on balance transfers for the first 16 months. You can transfer a minimum of $200, and the maximum cannot exceed 95% of the approved credit limit.
  • Annual fee. Apply before 11 October 2016 and pay $0 annual fee for the first year and in subsequent years by meeting the annual spending limit of $10,000. The offer is only available for new applicants. The standard annual fee is $90 for as long as your account remains active.
  • Complimentary insurances. All cardholders receive complimentary insurance covers like extended warranty insurance, purchase security insurance, international travel insurance, and transit accident insurance.
  • Credit limit. The minimum credit limit of this platinum card is $6,000, and the maximum depends on an applicant’s ability to repay.
  • Additional cards. You can get 1 additional card linked to your platinum card for $0, as long as the nominated cardholder is over 16 years old.
  • Visa payWave. This technology gives you the ability to make contactless payments of less than $100, anywhere you see the payWave symbol.
  • Card security. This card comes with an embedded microchip, making if safer than cards that rely on magnetic strips. Cardshield defends your account against fraudulent use, and Falcon Fraud Protection provides round-the-clock monitoring of card activity. Verified by Visa provides additional security online.

How to apply for the Westpac 55 Day Platinum credit card

Applying for Westpac 55 Day Platinum credit card can be completed by filling out the online application, but make sure you meet the following before you apply.

Eligibility criteria

  • You’re at least 18 years of age
  • You’re a permanent Australian resident
  • You have good credit history
  • You earn a minimum income of $30,000 p.a.

Required documents

You also need to provide the following info:

  • Personal details like your complete name, date of birth, phone number, residential address, and email address
  • Employment details like your employment status and your employer’s name, phone number, and address
  • Details about your income and expenditure (which includes details of all existing debts).

Applying for this platinum credit card could be of benefit if you plan to use its balance transfer offer, 55 interest-free days and concierge service. As you can find other cards with similar offers, you may want to compare your options before deciding.

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84 Responses to Westpac 55 Day Platinum Credit Card – Review

  1. Default Gravatar
    Bernice | September 15, 2016

    Dear WESTPAC I did balanced transferred from Ignite card to a WESTPAC Platinum card interest free but I’m being charged interest on transfer. Branch looking into it but I want to find out for myself. One of your consultant at card centre said that I paid interest because it is from same bank. I did the transfer in good faith and it does not say anywhere that I would be charged interest because from same bank. Now am I being ripped off? Not fair! The information that I looked appears to be misleading. Check for yourself

    • Staff
      Sally | September 20, 2016

      Hi Bernice,

      Just to confirm, you have come through to finder.com.au, not Westpac. Unfortunately, 0% balance transfer offers are only available to new customers who aren’t already banking with Westpac or partnered banks. If you look on our review page, you’ll see that we’ve mentioned that new cardholders aren’t eligible for the 0% balance transfer offer in the dot point regarding the balance transfer promotion.

      In the terms and conditions on the 55 Day Platinum Credit Card page on Westpac’s website, it also mentions that you can’t transfer balances from existing Westpac accounts to take advantage of the offer: “Balance transfer promotion: The promotional balance transfer rate is available when you apply for a new Westpac credit card between 7th July 2016 and 11th October 2016 and request at application to transfer balance(s) from up to 3 non-Westpac Australian issued credit, charge or store cards.”

      If you’re still looking pay off your debt without the cost of interest, you can compare on 0% balance transfer credit card offers with other banks. As submitting several credit card applications in a short amount of time can have a negative impact on your credit rating and decrease your future chances of card approval, it’s wise to wait a few months and pay down your debt as much as you can before applying for a new card.

      In the mean time, you might also want to use our guide on which banks you can conduct balance transfers between for further information.

      I hope this has helped.



  2. Default Gravatar
    Michael | August 30, 2016

    Does my Platinum Altitude Amex card give me access to Virgin Lounges when flying Virgin?

    • Staff
      Anndy | August 31, 2016

      Hi Michael,

      Thanks for your question.

      Unfortunately, Westpac Altitude Platinum Credit Card does not come with a complimentary Virgin lounge access.

      You may want to check this page to see how you can get free access to Virgin Australia airport lounges.


  3. Default Gravatar
    Jim | May 2, 2016

    I am 81 years old intending to travel to UK September 2016.
    Is there an age limit for travel insurance ?

    • Staff
      Anndy | May 2, 2016

      Hi Jim,

      Thanks for your question.

      The complimentary overseas travel insurance for Westpac 55 covers individuals who are up to and including 80 years of age.


  4. Default Gravatar
    Michael | February 2, 2016

    What Does the Travel Insurance attached to our card cover when we book to go to New Zealand for a holiday for 10 days, does it cover any medical costs. We have booked the airfares through our card. Thanks

    • Staff
      Jonathan | February 3, 2016

      Hi Michael, thanks for your inquiry!

      Medical cover is included with the complimentary travel insurance policy for the Westpac 55 Day Platinum credit card. Please refer to this page for our guide on this travel insurance policy and the inclusions under ‘Medical and Hospital Expenses’.

      I hope this helps.



  5. Default Gravatar
    Robyn | January 21, 2016

    I am an existing Westpac customer and have an Ignite Mastercard and several savings accounts. I am wanting to transfer my existing balance from my Ignite Mastercard. As an existing customer, am I eligible to apply for the Westpac 55day Platinum Credit card??

    Thanking you

    • Staff
      Sally | January 22, 2016

      Hi Robyn,

      Thanks for your question. You may be eligible to apply for the card, but please note that the reduced annual fee and balance transfer offer are only available to new Westpac customers.

      You can compare other balance transfer credit cards here.

      I hope this has helped.



  6. Default Gravatar
    Vin | January 16, 2016


    Is there a balance transfer transaction fee if we avail of this option in the platinum card?



    • Staff
      Debbie | January 17, 2016

      Hi Vin,

      Thank you for your question.

      There is $0 balance transfer fee for Westpac 55 Day Platinum Credit Card.

      For other options of credit cards that offers balance transfer without fee, kindly check our comparison page.

      I hope this helps.


  7. Default Gravatar
    Alyce | January 13, 2016

    Hi, I am wondering if I apply for this card for a balance transfer before Jan 17, and it is accepted – can I conduct the balance transfer after Jan 17 and still receive the no interest?

    • Staff
      Debbie | January 13, 2016

      Hi Alyce,

      Thanks for your inquiry.
      Unfortunately, the balance transfer offered by Westpac 55 Day Platinum can only be applied once it is requested upon your application.

      To understand more about balance transfer, please refer to this page.

      I hope this helps.


    • Default Gravatar
      Alyce | January 14, 2016

      Thanks Debbie,

      I have applied for the card, it has been granted and i will receive it in 3-5 business days. It says in the email that any balance transfers applied for will be processed once the cards are activated – will I still be applicable for the No Interest if I applied for it before Jan 17, but it is processed after that date by Westpac?

    • Staff
      Jonathan | January 14, 2016

      Hi Alyce, thanks for your response.

      Since you have applied before the 17th of January you will receive the balance transfer promotion on your account.

      I hope this helps.



    • Staff
      Debbie | January 14, 2016

      No worries Alyce.

      Yes, you will still be eligible for the balance transfer offer of Westpac 55 Day Platinum card since you have applied before the end date, which is currently at 17 January 2016.

      I hope this helps.


  8. Default Gravatar
    goran | January 11, 2016

    Do I get any reward points and where can I use it (platinum 55 day credit card)?

    • Staff
      Sally | January 11, 2016

      Hi Goran,

      Thanks for your question.

      You can use the card wherever Visa is accepted.

      Unfortunately, you can’t earn rewards points with the Westpac 55 Day Platinum Credit Card.

      You can compare other credit cards that offer rewards points here.

      I hope this has helped.



  9. Default Gravatar
    Georgy | January 9, 2016

    Can i Balance transfer my personal loan to WP 55 day platinum credit card.

    • Staff
      Ysa | January 10, 2016

      Hi Georgy,

      Unfortunately, the Westpac 55 Day Platinum doesn’t accept balance transfers from a personal loan.
      Instead, you can compare your options on this page and find out which banks offer personal loan balance transfers.

      I hope this has helped.


  10. Default Gravatar
    erin | January 6, 2016

    If the credit card is paid off early is there a fee involved?

    • Staff
      Sally | January 6, 2016

      Hi Erin,

      No, you won’t be charged a fee if you repay your card early.

      I hope this has helped.



Credit Cards Comparison

Rates last updated September 28th, 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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