The Westpac Low Fee is a no-frills credit card designed to help you save money. You don't have to pay any annual fee for the first year or in subsequent years when you meet the annual spend requirement.
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Westpac Low Fee Credit Card
Terms and conditions apply
- Purchase rate
- 19.74% p.a.
- Annual fee for the first year ($30 p.a. thereafter)
- $0 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
Save with a $0 annual fee for the first year and up to 55 interest-free days on purchases.
Pros
-
$100 cashback via ShopBack
-
$0 annual fee for the first year and in the following years when you spend $5,000 on purchases in each 12 months from the date of the first transaction on your account
Cons
-
Charges a 3% foreign transaction fee
Details
Product details
| Product Name | Westpac Low Fee Card |
| Purchase rate p.a. | 19.74% |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate p.a. | 21.49% |
| Min credit limit | $500 |
| Max credit limit | $50,000 |
| Card type | Mastercard |
Eligibility
| Available to temporary residents | Yes - Conditions apply |
| Minimum income | $30,000 |
| Joint application | No |
Rewards
| Bonus points | N/A |
Fees
| Annual fee | $0 first year ($30 after) |
| Minimum monthly repayment | 2% of the closing balance or $10, whichever is greater |
| Late payment fee | $15 |
| Foreign currency conversion fee | 3% |
| Cash advance fee | 3% |
| Overseas cash advance fee | 2% |
| Additional cardholder fee | $0 |
| Number of additional cardholders | 1 |
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Sally Finder
Producer
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Anndy Lou Finder
October 06, 2016
Hi Linda,
Thanks for your question.
Please note that we are Finder, a financial comparison and information website, not Westpac.
To apply for Westpac 55, you need to meet the following eligibility criteria:
- You are a permanent resident of Australia
- You are over 18 years old
- You don’t have poor creditworthiness
You can also check other balance transfer credit cards and see what options you may have.
Please note that rejected credit card applications can have a negative impact on your credit file, so before you apply, be sure to check the eligibility criteria and the requirements.
Cheers,
Anndy
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Ian
July 13, 2016
Hi, can I do a balance transfer from a St George credit card onto a Westpac 55 day credit card or is St George and other banks affiliated to Westpac excluded from the offer? Regards
May Finder
July 13, 2016
Hi Ian,
Thanks for your question.
Unfortunately, it’s not possible to conduct a balance transfer between Westpac and St. George credit cards. On this credit card balance transfer criteria guide, you can find which financial institution that you’re able to conduct a balance transfer to and from.
In the meantime, you may like to compare your balance transfer credit cards that may allow you to transfer the balance from your St. George card to a non-Westpac credit card. Please make sure to review the criteria and requirements before you submit your application.
I hope this is helpful.
Cheers,
May
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Don
April 13, 2016
What other interest (transaction) charges are applied and at what rate?
May Finder
April 14, 2016
Hi Don,
Thanks for your question.
The fees charged by Westpac 55 Day Credit Card were outlined in the table above particularly on the ‘fees and repayments’ section.
Hope this helps.
Cheers,
May
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linda
October 06, 2016
I have an outstanding debt with an aussie credit card. the limit was 1,500.00. I have been paying this debt off for over 4yrs and not getting anywhere. My credit was suspended on the card years ago, I have just been paying off the debt. I think I now owe around 1,000.00. Is it possible to transfer this debt to your company???
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