Westpac Low Rate Credit Card

Information verified correct on September 30th, 2016
Westpac Low Rate Card Find out more Go to site

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  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
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Repay your debt faster with an exclusive 0% p.a. on balance transfers for 18 months.

If you’re looking to pay off a credit card debt and want a competitive low rate card to do it on, this exclusive offer, put together for you by Westpac and finder.com.au, is worth considering. You’ll have 18 months to pay off your debt, an ample amount of time considering you won’t be charged ongoing interest during that period. Not only that, but the Low Rate Credit Card helps keep your other spending costs low with a competitive purchase rate.

Product NameWestpac Low Rate Card
Balance transfer rate (p.a.)0% p.a. for 18 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (13.49% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)1% p.a. for 12 months (reverts to 13.49% p.a.)
Offer end date11 October 2016
Annual fee$59 p.a.
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.)21.49% 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% or $10, whichever is greater
Minimum Income$15,000
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 Income$15,000
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.
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$59 p.a.
Minimum Repayment2% or $10, whichever is greater
Late Payment Fee$9
Over Limit Fee$9
Cash Advance Fee2% of the transaction amount or $2.50
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


  • This card comes with a promotional offer of 1% p.a. for 12 months on purchases and 0% p.a. for 18 months on balance transfers. After the promotional period, the balance transfer and purchase rate revert to 13.49% p.a. which is the standard variable purchase rate.
  • This card also comes with a low annual fee of $59.


  • This card has no rewards program.

Westpac Low Rate Credit Card review

This low rate card option from Westpac offers you a convenient line of credit that won’t charge you much in the form of interest or fees. When you use your card for purchases you’ll be charged a competitive rate of 13.49% p.a., and the card also comes with a relatively low annual fee. The low-cost nature of the card extends to the generous balance transfer offer. Read more about these features below and find out if this card is right for you.

Benefits of the Westpac Low Rate Credit Card

  • Balance transfer offer

    • Request your transfer when you apply
      If you’re looking to take advantage of the balance transfer offer, you will need to list this in your application when you apply for the Low Rate Credit Card. As this is an exclusive offer, the only way to take advantage of this offer is to apply through this page and completing the online application.
    • Balance transfer fee applies
      While no interest will be applied to your balance for 18 months, a balance transfer fee of the transferred balance will apply.
    • Revert rate
      If you don’t pay back your entire balance within the promotional period, the cash advance rate, currently 21.49% p.a., will apply.
    • Cards you can transfer a balance from
      You’re able to request a balance transfer from up to three non-Westpac Australian issued credit, charge or store cards. You’re able to use up to 95% of the approved credit limit with a balance transfer.

Features of the Westpac Low Rate Credit Card

  • Purchase rate. As this is a ‘low rate’ card, the rate you’ll be charged when you use your card to make purchases is very competitive. This card carries a rate of 13.49% p.a..
  • Annual fee. Each year your card account remains open you’ll be charged a fee of $59.
  • Interest-free days. If you pay your balance in full, including any amount you have outstanding from a balance transfer, you can take advantage of up to 55 interest-free days.
  • Additional cardholders. Looking to share the benefits of this card? You can add an additional cardholder to your account for no extra charge. The only requirement is that they’re over the age of 16.
  • Secure spending. You can enjoy various security features with this card, including Falcon Fraud protection which monitors your card for unusual transactions 24/7. Westpac also offer a money-back guarantee if your card is used fraudulently and you aren’t found at fault for the loss.
  • Contactless payments. You can use your card to make payWave purchases for transactions under $100 — no need to enter your PIN.
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How to apply for the Westpac Low Rate Credit Card

Want to take advantage of this exclusive Westpac Low Rate deal? First, check the eligibility criteria and required documents to make sure you’re ready to complete your application. Once done, fill out the online application form.

Eligibility criteria:

  • You need to be over the age of 18
  • You must be an Australian citizen or permanent resident
  • You must have a good credit history
  • You need to earn at least $15,000 p.a.
  • Apply online via finder.com.au

Required documents:

  • You’ll need to provide certain personal information, such as your name and address, as well as documents verifying your identity, such as your driver’s licence number.
  • Westpac will require you to list your income, assets, expenses and liabilities.
  • You’re required to provide details of your current employment.
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60 Responses to Westpac Low Rate Credit Card

  1. Default Gravatar
    Melody | January 6, 2016

    I have a GO master credit card which is way to much interest i just found out today, i’ve been paying off for 2 years and they have just notified me saying that i’ve gone back to full capacity.. which i don’t understand how this has happened… I need to get out of this credit card or else its going to take me forever to pay off. Can i apply for another credit card say with my bank westpac for the same amount of $5000 and pay this Go master card off, and pay the westpac credit card off within 20 months interest free, now the other thing is will i get approved for $5000.

    • Staff
      Sally | January 7, 2016

      Hi Melody,

      Thanks for your question.

      As a financial comparison service, we’re unable to confirm whether you would be approved for a certain credit limit as this will depend on your financial history, income and ability to repay each statement period.

      If you’re looking to consolidate your credit card debt, a balance transfer credit card could be a worthwhile option to consider. If you’re set on transferring your balance to a Westpac credit card, you can compare Westpac balance transfer credit cards here.

      Many Westpac credit cards offer 0% on balance transfers for a set period of months (currently between 14 to 20 months, depending on the card you choose). This means you could transfer your existing balance to a Westpac card and pay it off without the added cost of interest increasing your debt. However, if you’re already a Westpac customer, you may be unable to take advantage of the promotional balance transfer offers which are usually reserved for new customers.

      If this is the case, you can compare other balance transfer credit cards to find the right one for you.

      The key is to look at how much debt you owe, the maximum amount you’re able to repay each month and the length of the promotional period to determine whether you could repay your entire balance before the promotional period (of say, 20 months) ends. As a higher revert rate will kick in once the promotional period ends, it’s best to repay your balance before this to avoid attracting interest on the debt again.

      I hope this has helped.



  2. Default Gravatar
    carla | December 3, 2015

    I currently work on a casual basis and im pretty sure 15,000 pa easy. Would I be eligible to apply for the credit card? I don’t have any credit cards at this point in time.

    • Default Gravatar
      Peter | January 6, 2016

      I am a Westpac customer with a Low interest Card. And a debit card.
      Can I transfer this card to the offer of 20 months interest free?

    • Staff
      Sally | January 6, 2016

      Hi Peter,

      Thanks for your question.

      Unfortunately, you can’t transfer balances from existing Westpac accounts to other Westpac accounts.

      For other balance transfer options, please see our balance transfer comparison guide.

      I hope this has helped.



    • Staff
      Sally | December 4, 2015

      Hello Carla,

      Thanks for your question.

      You’ll need to make sure you meet all of the eligibility requirements before applying. So while you’re pretty sure you might earn 15,000 p.a. a year, it’s best to check your payslips and check just to be sure.

      If you’ve never applied for a credit card before, you probably won’t have much of a credit history. In that case, you may wish to get in contact with Westpac directly to discuss your likelihood of acceptance as one of the application requirements is a good credit history.

      I hope this has helped.



  3. Default Gravatar
    David | November 25, 2015


    Am I eligible to transfer from St George credit card and Citibank with a total of $15,000 and if so, how much credit will I need to apply for?

    Thanks, David

    • Staff
      Sally | November 26, 2015

      Hi David,

      Thanks for your question.

      You can transfer your balance from up to 3 non-Westpac credit cards. You’re allowed to balance transfer a minimum of $200 up to 95% of your approved available credit limit. Therefore, you’d need to apply for a credit limit that supports your balance transfer and any additional funds you may require.



  4. Default Gravatar
    jason | October 30, 2015

    hi just wondering if Westpac will balance transfer from an American express credit card as I have noticed a lot do not transfer international credit cards.

    • Staff
      Sally | October 30, 2015

      Hi Jason,

      Thanks for your question.

      As long as the American Express card has been distributed in Australia and doesn’t inflict any of the other eligibility requirements (e.g. the maximum balance transfer amount etc), you should have no trouble transferring your balance to a Westpac Low Rate card.

      If you’re still unsure, you should get in touch with Westpac directly to discuss your options.



  5. Default Gravatar
    James | October 20, 2015

    If I purchase something online (say $800 worth) with the Low Rate Credit Card, how long do I have until I have to pay the whole $800 off?

    On the info sheet about this card, it says the minimum repayment is %2 of the purchase. What does this have to do with anything if on your page it says we must pay the full balance within 55 days?

    • Staff
      Jonathan | October 23, 2015

      Hi James, thanks for your inquiry!

      You can repay the $800 as quickly as you like. At a minimum you will have to repay at least 2% of the total outstanding balance per month by the statement date, to avoid the late payment charge. Interest free days are given when you pay your total outstanding balance by the statement date.



  6. Default Gravatar
    MIck | September 8, 2015

    I notice at the end of the balance transfer period you will be charged interest at the cash advance rate and not the purchase rate. Is that on any outstanding amount after the B.T.P. has expired or only on purchases made during the 20 month period. i.e. if you have paid back the equivalent outstanding amount during the 20 months but clock up an additional outstanding two thousand dollars. What rate is that charges at?

    • Staff
      Sally | September 9, 2015

      Hi Mick,

      Thanks for your inquiry.

      The cash advance rate will apply on any unpaid balances transferred by the end of the promotional offer which is currently 20 months. Any purchases acquired will be charged for the standard interest rate which is currently at 13.49% p.a.

      I hope this helps.



  7. Default Gravatar
    Axel | September 1, 2015

    I am a Westpac customer with a debit card.

    Can i transfer 95% of the limit from GEM visa to a low rate card from Westpac with the 20 months interest free?

    • Staff
      Jonathan | September 2, 2015

      Hi Axel, thank you for your inquiry!

      Yes, you can transfer your balance from Gem Visa card up to 95% of the approved credit limit to a new Westpac Low Rate card for the current offer of 0% for 20 months. You won’t be charged for any interest during the promotional period, however please note that balance transfer should be requested upon application.

      For a comparison of long term balance transfer credit cards, you can check this page.

      I hope this has helped.



  8. Default Gravatar
    Riker | August 28, 2015

    If at the end of the 20 months interest free period I still have an outstanding amount to be paid, is there anything stopping me from transferring that last amount to another interest free card?

    • Staff
      Jonathan | September 1, 2015

      Hi Riker, thanks for your inquiry!

      At the end of the promotional period you are able to transfer this amount to another credit card, providing you meet the eligibility requirements for the respective bank.



  9. Default Gravatar
    Luis | August 20, 2015

    I did a balance transfer with my Westpac low rate Visa card,
    16 months ago, the amount transferred has been paid off.

    Can I use my Westpac Visa Card to do This 20 months 0% balance transfer offer ?

    • Staff
      Jonathan | August 20, 2015

      Hi Luis, thanks for your inquiry!

      Unfortunately if you have previously been approved for a balance transfer offer and activated it with Westpac you are ineligible for an additional promotional rate. Please refer to the following link for other 0% balance transfer credit card offers.



  10. Default Gravatar
    Frigo | August 17, 2015

    I am a long-term temporary resident until March 2017. How do I apply? It says through the migrant banking, but what does that mean? Since the offer is via finder.com.au? Thanks.

    • Staff
      Jonathan | August 17, 2015

      Hi Frigo, thanks for your inquiry!

      If you are a 457 Visa holder you are eligible to apply for this card. To be eligible you must have a 457 visa that is valid for two additional years after the date of application. The card extended and credit limit will be based on your current income, and you will have to apply in person at a local branch. Please refer to the following link for more information on credit cards for temporary residents.

      I hope this helps.



Credit Cards Comparison

Rates last updated September 30th, 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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