Westpac 55 Day Platinum – Details & Application
Westpac 55 Day Platinum Credit Card Review
The Westpac 55 Day Platinum is an innovative platinum credit card offered by Westpac. This card combines the benefits of a platinum credit card with low interest rates, a balance transfer option and a long interest free period.
Features of the Westpac 55 Day Platinum
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
3.99% p.a. for 6 months |
|---|---|---|
| Interest Rate on Purchases | |
19.59% p.a. |
| Annual Fee | |
$130 |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.49% p.a. |
| Card Type | |
Platinum |
| Credit Card Type | |
Visa |
| Rewards Program | |
No |
The Westpac Platinum offers a number of privileges for cardholders. This includes:
- Platinum Concierge service - this is a special concierge service only available to car holders. The service can be used for a number of things including booking tickets, hotels, car hire and many more. The services are available worldwide.
- Complimentary Overseas Travel Insurance – cardholders are entitled to this complimentary overseas travel insurance when they travel abroad for 6 months or less.
- Extended Warranty Insurance cover – this warranty extends a regular manufacturer’s warranty by up to 24 months
- Purchase Security Insurance cover – this is a complimentary insurance cover that cardholders can enjoy. Any purchases made using this card have added protection from theft and loss for up to 4 months.
In addition to these benefits, the Westpac 55 Day Platinum offers cardholders an affordable solution. As the name might suggest, and purchases made using this card are interest-free for up to 55 days. After that period, interest is
19.59% p.a. (variable) on purchases and 21.49% p.a. (variable) on cash advances.
The Westpac 55 Day Platinum also offers a lucrative balance transfer option. Consumers can transfer an existing balance on a non-Westpac card to this card. Balance transfers are charged 3.99% p.a. for 6 months.
The Westpac 55 Day Platinum has a
$130
annual fee. The annual fee is normally
$130. After the first year, the annual fee is waived if $20,000 or more is spent per year using the card.
Is the Westpac 55 Day Platinum card for you?
Overall, the Westpac Platinum card offers a great blend of low costs alongside complimentary benefits. However, this card may not be suitable for people who have a lot of credit card debt and are trying to pay it off. The card offers a $130 annual fee if $20000 or more is spent using the card each year. People who overuse credit cards might be tempted to overspend in order to redeem the annual fee. On the other hand, if you tend to use credit cards responsibly, this card might be suitable for you – you’ll receive the perks of a platinum card and won’t have to worry about high interest rates or fees.
Read the official terms and conditions
| Minimum Income | Minimum Age | 18 years of age | |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | $6,000 | Max Credit Limit | $100,000 |
| Annual Fee | $130 | Balance Transfer Fee | |
| Minimum Repayment | 2% | Interest Charged From | Purchase Date |
| Late Payment Fee | $9 | Over Limit Fee | $9 |
| Overseas Emergency Replacement | $0 | Overseas ATM Balance check | $0 |
| Overseas ATM Withdrawal | $2.5 | Foreign Currency Conversion Fee |
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