Westpac Credit Cards
Westpac have a good range of credit cards in Australia, with low interest rate credit cards, great balance transfer deals and a healthy range of rewards cards. Westpac is Australia’s third leading credit card issuer.
Westpac Credit Card Offer
The Westpac Low Rate Visa or MasterCard is a great low interest, low fee credit card from Westpac. It offers a low interest rate balance transfer and a low purchase rate and annual fee. You can also use paperless eStatements to have your bills electronically delivered, saving paper and time.
- $45 p.a. annual fee
- 0% p.a. for 6 months (reverts to 13.49% p.a.) on purchases
- 3.99% p.a. for 6 months on balance transfers
- Cash Advance Rate of 21.49% p.a.
- 55 days interest free
- Minimum Income Requirement of $15,000 p.a.
Westpac Credit Card Comparison
Westpac Business Credit Card
Westpac has come a long way over the years. It had a simple beginning, but proved itself to be a company worth watching as they grew and outperformed many other financial institutions. You can read the Westpac story in this article.
Westpac is Australia’s oldest bank and was originally called the Bank of New South Wales before its name was changed in 1982. It was the first bank in Australia and was founded in 1817.
It started when Governor Lachlan Macquarie signed the charter so that the colony could have a commercial system that was secure. Macquarie’s secretary, John Thomas Campbell, became the chairman of the board and was the first president. When the bank first opened, three employees served one customer in four hours. One of these employees, served as a servant and a porter, and he was given 25 pounds as an annual salary and was allowed to have a weekly ration taken from the King’s stores.
As gold fever started to hit the colony in 1850, the first branch to be located outside Sydney was established in Brisbane. At the time, men were putting up shanties and tents in each new town of gold, and to keep up with the frenzy, the company started 37 offices in New Zealand and Australia in a little more than a decade. The bankers had a hard time dealing with the conditions. One of the banks was on the side of the street with a piece of bark resting between two logs that acted as a seat. A stream ran right through the building underneath them.
The Bank of New South Wales opened a branch in the Pacific at Suva, Fiji in 1901. The first bank to open in Papua was established 9 years later. In 1956 the bank began offering the opportunity for savings that was previously a government owned Monopoly. It partnered up with Surf Life Saving Association in 1973 to start the first civilian rescue helicopter service that also offered medical care. Even now, you will quite often see the Westpac Life Saver helicopters at the scene first when there is an emergency.
The Bank of New South Wales merged with the Commercial Bank of Australia Ltd. in 1982, which made it the biggest banking group in Australia. At that point it was given a new name: Westpac Banking Corp. Westpac is an abbreviation of the words Western Pacific. During the years 1993 to 1999 Westpac acquired the Challenge Bank Limited, the Trust Bank New Zealand and the Bank of Melbourne.
During the 2000 Olympic and Paralympic Games, Westpac was a proud sponsor and offered employment to 50 Paralympic and Olympic hopefuls. It was a direct sponsor of elite athletes such as Susie O’Neill, Ian Thorpe, Liz Weekes and Grant Hackett.
In 2002, Westpac acquired parts of BT Financial Group, 51% of Hastings Funds Management Limited and Rothschild Australia Asset Management. In 2005 it held 100% ownership of Hastings Funds Management Limited. Westpac performed a merger with the St. George Bank in December 2008.
Westpac services and products
While Westpac provides all the services and products you could possibly need from a banking institution they also go the extra mile to provide responsible and accountable banking procedures. This includes community involvement, environmental care, effective employee and customer practices and to maintain ethics in its actions. The bank has a solid presence and wants to be known as a trustworthy source for its many valued customers. It has won various recognitions and awards for providing outstanding quality with its banking services. Westpac offers a variety of personal banking products including loans, savings accounts, credit cards and much more.
Westpac Credit cards
Here are the credit cards offered by Westpac. As you can see by the list, there’s a card available for virtually anyone.
- Westpac 55 Day MasterCard or Visa Credit Card – Westpac offers a 55 day interest free period for purchases in both Visa and MasterCard. For those who are able to pay their accounts in total each month, with this card you will never pay interest. There is no annual fee for the first year, and in each year that you spend at least $10,000 on the card, your annual fee will be waived.
- Westpac 55 Day Platinum Card
- Westpac Altitude Credit Card – With this card you get two Westpac credit cards in one account; the Altitude card links either a Visa or MasterCard with an American Express card to your account. The American Express helps you maximize your rewards program, while the Visa or MasterCard logo helps you gain world wide acceptance. The Altitude card gives you rewards for each dollar spent using the card. These can later be exchanged for flights, hotel stays or other benefits.
- Westpac Altitude Platinum Credit Card
- Westpac Earth Credit Card – This card also links American Express to a MasterCard. On this card, your dollars spent with it are linked to Qantas Airlines for frequent flyer points. These points may be traded for Qantas flights, holidays or hotel accommodations.
- Westpac Earth Platinum Credit Card
- Westpac Low Rate Credit Card
- Westpac No Annual Fee MasterCard Credit Card – Westpac issues a no annual fee credit card. This credit card is just as the name implies. There is no annual fee charged for the benefit of carrying this card. You can benefit from 55 days free interest, and the security of Cardshield, but will never have to pay an annual fee. If the idea of having no annual fee is the most appealing feature of a credit card to you, then this card will be best for you. You benefit from carrying a MasterCard at worldwide locations, but have a no frills card that will never have an annual fee.
- Singapore Airlines Westpac Platinum
The Similarities And Differences Of Credit Cards From Westpac
Credit cards from Westpac have a bunch of different credit card options available for their customers. Some of the options that are available may suit you better than others, such as low interest rates and being part of the rewards programs. This is why we have compiled together this list of different credit cards from Westpac so you can see the differences and similarities in each of the credit cards from Westpac. Some of the features that may catch your attention include but is not limited to:
- No annual fees for an entire first year
- Low interest rates
- Earning points every purchase that can later be redeemed for rewards
- Receiving frequent flyer miles every time your Westpac Credit Card is used
Westpac Has 55 Day Periods On Their Credit Cards
The Westpac specialty 55 Day Credit Card is a standard credit card that will either have the Visa or MasterCard logo. When using this credit card you will pay 0% p.a. going on five months and for your first year you do not have to pay an annual fee. However, if you choose to go with the 55 Day Credit Card you will not be eligible to participate in any rewards programs. So, when debating on this credit card you really have to think which benefits and features are the most important to you. If you can leave without participating with the rewards programs then you should have no problems when it comes to the features and benefits of the Westpac specialty 55 Day Credit Card.
Westpac Specialty 55 Day Platinum Credit Card
The Westpac specialty 55 Day Platinum Credit Card is only available with the Visa logo however like the other 55 Day special credit cards, this one offers you an entire year of not having to pay interest. Also, if you are a car owner you will be eligible for some additional features that they have available. However the Westpac specialty 55 Day Platinum Credit card is not a part of the rewards program. But, the other features and benefits that come along with being a Westpac specialty 55 Day Platinum Credit card holder make up for them not being a part of the rewards program.
Westpac Low Rate Credit Cards
The Westpac Low Rate Credit Card is another standard credit card that Westpac has to offer. The low rate card offers customers an interest free period that could last up to fifty five days. However, to get this special promotion that want you to bring your balance back to zero each month when you pay your bill. Also, they do not have a rewards program for their low rate credit card holders to participate in but they do have estatements available online however. So, overall the Low Rate Credit Cards are credit cards from Westpac for people who have no interest in the reward program but are just looking for a card where they can get a very low interest rate and other features that they feel they can actually benefit from.
Westpac Earth Branded Credit Cards
The special type of card is a card that comes with a ton of great benefits. This card allows their card holders to earn 1.00 point for each dollar spent that they spend on their American Express Card and if they have card like this with a MasterCard logo on it that will earn 0.50 point. These points that they will be earning are made apart of their frequent flyer points. So the more you use your card the more flyer points you can have when it is time for you to take a vacation to some exotic destination.
Westpac Earth Platinum Credit Card
This gold card is available with both the MasterCard logo and the American express logo. This special type of Gold Credit Card comes with a ton of features also. Not only will the card holders be able to have complimentary insurance but they also get to participate in various rewards programs. When you sign up for the Earth Platinum Credit Cards there are just so many things in store for you should you be one to like all the features and things of that nature. However, to get one of these cards your credit has to be in good standing.
Singapore Westpac Airlines Platinum Credit Card
The Singapore Westpac Airlines Platinum Credit Card gives card holder the choice of having a visa or American express logo. Also, lots of other terrific benefits come along with using the Singapore Westpac Airlines Platinum credit card as well, such as, frequent flyer points being obtained every time you use your Singapore Westpac Airlines Platinum Credit Card, no interest period for up to forty five days and a set annual fee. One of the awesome features about the card is you are able to have two cards linked to the same account for no extra charges.
Westpac Altitude Credit Card
The Westpac Altitude Credit Card is a standard card that can either come with the American express logo or the MasterCard logo. Also, the Altitude Credit card allows you to pay a set rate that does not last for just the first year as with some of the other credit cards from Westpac. However, the only way you can get this credit card is if you have fair credit. So, if your credit is good and you like the style and features that come with the Westpac Altitude Credit Card than you should definitely apply and see whether or not you will qualify for the Westpac Altitude Credit Card.
Westpac Altitude Platinum Credit Card
The Westpac Altitude Platinum card comes with both a linked American express and MasterCard credit card.
The advantage of two cards linked to the one account means you can earn more points where MasterCard is accepted, and take advantage of MasterCard’s worldwide acceptance. In addition to the benefits of having two cards, the points that you earn when you use your Westpac Altitude Platinum Card don’t expire as with some of the other credit cards.
Although the annual fee is higher than the regular Westpac Altitude Credit Card, cardholders will get access to savings through complementary insurance policies, including overseas travel insurance. Finally, Altitude Platinum cardholders also get access to their own concierge service and a higher minimum credit limit. These are just some of the benefits available to customers who choose the Westpac Altitude Platinum Credit Card.
Westpac Credit Card Application Form
Filling out the Westpac credit card application form is fast and simple and can be done online for your convenience. It only takes about 15 to 20 minutes to fill out the application on the Internet, and only about 60 seconds to find out whether you have been accepted or not.
In order to fill out a Westpac credit card application form you should be earning $15,000 per year as a minimum for a standard card, $50,000 yearly for a Gold card, and $65,000 or more for an Altitude Platinum card.
You have your choice of either a Visa card or a MasterCard when you apply for the 55 Day or the low rate card. You will be issued a MasterCard for all of your card applications except for the Student Visa. The Altitude Limited Edition Gold, the Altitude Business Limited Edition, the Altitude Platinum, and the Altitude will be issued with the Altitude American Express card and the Altitude MasterCard.
If you are a full-time student at a tertiary institution that is recognized you can fill out a Westpac credit card application form for a Student Visa card.
It is important to have the information necessary to fill out your online application nearby to make the process simple. You will need to have your Australian drivers license, if you have one, your annual income after taxes, and a list of current financial commitments.
If you have been putting off filling out a Westpac credit card application form because you did not know what was involved, rest assured that it is a very easy process. Taking the time to do it now will ensure that you get your card as quickly as possible.
One different service that you find at this bank and no other is the Westpac Assist. It is a group of specialists that have been assembled to help customers with their financial obligations with Westpac in order to help manage and control any situations. These specialists can help with alternative arrangements for banking, a missed payment on a credit card and personal or home loan repayments.
Personal and business banking has never been simpler. Westpac is totally committed to customer satisfaction, and this is part of the reason why it has come as far as it has over the years. They are a major financial game player that can be trusted and relied on to provide outstanding service and valuable products.
Switching To Westpac
Step One – Choose your Westpac account:
The first step to switch to Westpac is make check out which Westpac account best suits your needs. Once this is done, you must attend to your old bank account, and the activity that regularly takes place on it.
Step Two – Identify regular credits and debits:
Contact your old bank and request that a copy of your regular payment summary be sent to you. This will list all the regular credits and debits that are set up on your bank account. These may include direct debts for utilities, loan repayments, or any type of insurance. It is likely that you have your wages paid into your bank account, so this and any other regular credits must also be listed.
Step Three – Print out the online application form:
Once you have printed out the application form, completed it and signed it, you can then forward it with your regular payment summary to Westpac via the mail, by fax, or by handing it into your local branch. Westpac will then contact the companies or financial institutions concerned, advising them of your new Westpac account details. Note that this switching process does not apply to any direct debit, credit or periodic payments set up on your credit card or visa debit card. To set up any new periodic payments from your Westpac account, log into Westpac online banking and set up your new standing orders.
Step Four – Close your old account:
Bear in mind that your old account will need sufficient funds to allow for a smooth transition of any direct debits and payments, so you need to maintain a healthy balance in it to make sure that your commitments are still met until your Westpac account can take over. Once all your payments and debits have been switched to your new account and you can see that your new Westpac account is now the one handling them, you can go ahead and close down your old bank account. Your old bank may accept written notice, or you may have to visit your local branch to do this in person.
If you are thinking you might switch to Westpac but are reticent because you don’t want to rock the boat, remember that people switch bank accounts every day. Banks are perfectly geared up for exactly this type of activity, and it is in their interest to make the whole process as smooth as possible for the new customer.
How do I make Westpac credit card payments?
Minimum repayment amount
You must make a payment to your credit card every month as advised by your monthly statement. Your statement will note when the payment is due and what the minimum payment is required. The minimum payment will be equal to 2% of the closing balance or $10, whichever is greater – added on to any unpaid due amount. If you need to move your statement date so it coincides with your pay, then you can call Westpac to do this.
Can I link my Westpac Transaction Account to my card?
Yes, except for the Altitude American Express card. By doing this you will only need to carry one card in your wallet. You’ll be able to withdraw funds from your linked accounts in ATMs and use EFTPOS. You can also transfer funds from one account to another through online banking.
How much should I try to pay off each month?
If you don’t pay your full outstanding balance, you will incur interest charges. Cash advances will incur interest charges from the day you made the cash advance. Westpac recommends that you aim to pay off more than your minimum repayment to avoid any extra interest charges.
How do I make a payment?
There are a number of options available for paying your credit card from your Westpac transaction account.
|Online banking||Westpac Online|
|ATM||Locate an ATM|
|BPay||Make a BPay payment|
|Cheque||Cheque You can send your cheques to:
GPO Box 4220
Sydney NSW 2001
|Westpac Branch||Please make sure you bring the top part of your statement with you to the branch|
|AutoPay||You can do this online or by filling in a form at any Westpac branch|
You can also choose to have your payment automatically debited from a nominated account. You can choose to set this up when you apply for a Westpac credit card, or by filling out a Card AutoPay request.
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