Westpac Low Rate Credit Card – Details & Application
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The Westpac Low Rate credit card offers plenty of great benefits aside from just the low rate.
The Westpac Low Rate credit card is quick and easy to apply for this great credit card online, but there are some things you should consider first.
| Product Name | Westpac Low Rate Card | |
|---|---|---|
| Balance Transfer Rate | 3.99% p.a. for 6 months | |
| Interest Rate on Purchases | 0% p.a for 6 months (reverts to 13.49% p.a.) | |
| Annual Fee | $45 p.a. | |
| Interest Free Period | up to 55 days | |
| Interest Rate on Cash Advances | 21.49% p.a. | |
| Minimum Credit Limit | $1,000 | |
| Minimum Monthly Repayment | 2% | |
| Credit Card Type | Visa/MasterCard | |
| Late Payment Fee | $9 |
Westpac Low Rate Credit Card features:
- Purchase Interest Rate: 13.49% p.a.
- Balance Transfers: 3.99% p.a. for 6 months, requested when you apply
- Cash Advance Interest Rate: 21.49% p.a.
- Cash Advance fee: 2% of the value of the transaction
- Annual fee: $45
- Up to 55 interest-free days on purchases, provided you pay your closing balance (including any promotional amount) in full by the statement due date each month
- Paperless eStatements available
- Choose either Visa or MasterCard
- Protected by CardShield
- Increased card security with an embedded microchip
- Accepted at over 28 million locations worldwide
- Extra security when you shop at participating online merchants by registering with MasterCard SecureCode or Verified by Visa
Read the official terms and conditions
Westpac Low Rate Credit Card Rates and Fees
The Westpac Low Rate credit card lives up to its name, offering a great low rate of 3.99% p.a. for 6 months on balance transfers. This means you no longer need to put up with high interest rate charges on your other credit cards, store cards or charge cards.
Customers can also benefit from a low annual fee of $45, along with a competitive low rate on purchases at just 13.49% p.a.. This is significantly cheaper than many comparable credit card purchase rates on the market today.
Once your balance is paid down and you can manage to repay your balance down to zero each month, you can then enjoy up to 55 interest free days on purchases.
While the rates are very low, there are still a few fees to take into consideration when thinking about applying for the Westpac Low Rate credit card.
This promotional introductory rate is ideal for anyone struggling to repay credit card debt. Simply consolidate outstanding debts over to this account and put your interest savings towards debt reduction. At the end of the balance transfer period, the rate reverts to the standard purchase interest rate.
Westpac Low Rate Credit Card Application
Before you apply for your Westpac Low Rate credit card, you will need to be older than 18 years old at the time of application. You will also need to be an Australian citizen or permanent resident.
You may be asked to provide income verification, such as pay slips or tax returns and you’ll need to fill in your employer’s address and contact details.
You will need to display some form of identification to Westpac to verify your full name and date of birth.
Westpac may conduct a credit check on you to assess you credit history. If you’re transferring balances from other lenders, then you may also need to supply the account numbers so Westpac can bring your balances across for you.
Westpac’s down to earth low interest rate credit card, the Westpac Low rate – one of the most competitive low rate cards currently available in Australia.
Discover the benefits of carrying a Westpac Low Rate credit card. Enjoy a great balance transfer rate of 3.99% p.a. for 6 months and a low ongoing purchase rate of 13.49% p.a. once the promotional period has finished.
The Westpac Low Rate Visa or MasterCard offers the consumer a double hit of low interest rates, which makes it a great all-rounder to cover short-term balance transfers and longer-term regular purchases. Firstly, you benefit from an introductory offer of 3.99% p.a. from a non Westpac credit card for the first 6 months following account opening.
Secondly, you get a low regular purchase rate of just 13.49% p.a., meaning that you can use your card for purchases (only once any balance transfer has been cleared if you’re being sensible), and know that you won’t suffer with excessive interest charges should you not be able to clear your balance in full at the end of the month.
The Regular Purchase Rate
13.49% p.a. is a very competitive rate of interest on purchases, and this gives you the confidence of knowing that you can afford to build up a little debt and not worry too much about interest charges. The key point to remember not just with the Westpac Low Rate but with any balance transfer credit card is that you should not be making any purchases on your card whilst you have an introductory rate transferred balance on your card.
The reason for this is because your repayments will always be directed to reducing your cheaper rate balance transfer first, leaving your purchases accruing interest at the higher rate.
The Westpac Low Rate balance transfer
Making a balance transfer to your new Westpac Low Rate credit card is best done when you are completing your online application, which shouldn’t take more than fifteen minutes. In this way, you know you are taking full advantage of the 3.99% p.a. for 6 months balance transfer promotion, because the clock starts ticking on this deal as soon as the account is opened. If you are currently paying in the teens with the interest rate on your existing debt, you can shave at least 10% off that by shifting it over to the Westpac Low Rate.
Read the Westpac Low Rate Card terms and conditions.
| Minimum Income | $15,000 | |
|---|---|---|
| Minimum Age | 18 years of age | |
| Available to Temporary Residents | Yes - Conditions apply | |
| Credit Rating Requirement | Good | |
| 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. | $1,000 | |
| Max Credit Limit | $30,000 |
| Annual Fee | $45 p.a. | |
|---|---|---|
| Minimum Repayment | 2% | |
| Late Payment Fee | $9 | |
| Over Limit Fee | $9 | |
| Cash Advance Fee | $2 | |
| Overseas Emergency Replacement | $0 | |
| Overseas ATM Balance check | $0 | |
| Overseas ATM Withdrawal | $2.50 | |
| Foreign Currency Conversion Fee | 2% | |
| Gambling Transactions Allowed | No | |
| Additional Cardholder Fee | $0 | |
| Number of Additional Cardholders | 1 |
Pros
- A low purchase interest rate of 13.49%.
- At the end of the balance transfer period, you will be charged the purchase rate of interest opposed to the cash advance rate.
Cons
- This card has no rewards program.
Read the Westpac Low Rate Card terms and conditions.
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144 Responses to Westpac Low Rate Credit Card – Details & Application
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once approved for a low interest rate credit card from westpac how long will it be before i get my card
Hi,
Thanks for your question. Please allow up to 14 working days after approval.
Cheers,
Jeremy
what is, if any the international
conversion fee
what rate do I pay on balance transfers after the introduction rate?
Hi Cameron
Thanks for your comment
After the balance transfer period is over, the interest rate will switch back to the standard variable interest rate for purchases.
Cheers
Jeremy
Can I apply over the phone
Hi,
Yes you can, although the process is the same as with an online application. Thanks.
Cheers,
Jeremy
I already have a westpac 55 day mastercard. I’ve had it for a few years. I am interested in doing a balance transfer to my westpac card but would like to know what interest rate i would be charged.
thanks
Hi Rob,
You cannot perform a balance transfer between two cards from the same provider. Thanks for the question.
Cheers,
Jeremy
Hi,
Would you pls explain that whats the meaning of cash advance fees 21.49% ( as mentioned above in features)
Hi,
The cash advance rate is the interest you are charged on the amount of money you take from the ATM with your credit card. Westpac will charge you an additional 2% of the amount you take out to perform this transaction. This is not the same as using your ATM with a stores EFTPOS machine to make a purchase. Hope this clears things up.
Cheers,
Jeremy
does it help applying for a balance transfer card from a bank you already have a savings account with,or do you just go for any bank?
Hi Fiona
In most cases it will have no impact. Sometimes, if you’re a business customer and applying for a business credit card this can be a little different as the application criteria is slightly different.
All the best,
Jeremy
If I transfer a balance of $10,000 is the interest added monthly on the balance owing. For example if i transfer $10,000 and don’t pay for two months will $99 be added for both months or is the .99% the total interest over the nine months which would be a total of $99
how much i can transfer to the new card
Hi Sibil
The amount you can do with a balance transfer will depend on the approved credit limit assigned to your account.
Cheers
Jeremy
Can i transfer the balance of a personal loan onto this credit card or only from another credit card ?
Thanks,
Stevey
Hi Stevey
As far as I’m aware this is not possible with Westpac credit cards. Citibank credit cards do allow you to do a balance transfer from a personal loan on to their credit cards, but it is always best to confirm.
Cheers,
Jeremy
Hi,
If I was to use the balance transfer offer of 0.99% for 9 months, how much is the interest rate on balance transfer after the 9 months…
Hi,
Thanks for the question. After the balance transfer period, the interest rate reverts back to the variable purchase rate. Hope this helps. Cheers.
Jeremy
can i have an additional card holder on this card?
Hi Al. Thanks for your question. You can add one additional cardholder to this account at no extra cost. The additional cardholder request form has been sent to your email. Please check the fees and repayments tab in the bottom table on a card’s review and application page for information about additional cardholders. Sorry it’s taken so long to reply to this message. Jacob.
Will I pay a balance transfer fee? In the US, it is typical to pay 3% on the transferred amount.
Hi,
G’day and good question. There is no balance transfer fee for this card. Most companies offer free balance transfers at a lower rate as an incentive to the customer to switch provider; however, some companies do charge a fee of 1- 3% but it will be clearly stated. Please remember that whilst there is no initial fee for the balance transfer, the balance transfer rate of interest is still applied to the balance. Also be sure to watch for the end of the balance transfer period when the interest reverts back to the higher, purchase rate. Thanks.
Jeremy
Is an application assessed (ie conditional approval given) prior to checking the applicant’s credit rating?
Hi Sally. Thanks for your question. A credit check it performed at the time of application. Conditional approval is sometimes given if a lender requires further information, say payslips or an letter from an employer. Hope this helps.
Can i transfer a balance from a previous Westpac credit card to this low rate credit card?
Hi Rebecca,
No, the terms and conditions for the offer state that “This special balance transfer rate applies to balance transfers from non-Westpac credit, charge or store card(s) when requested at new card application by 16 March 2012″. Thanks for your question.
Cheers.
Jeremy
my wife and I have three cards we are considering to roll over to a balance transfer. Only one is in both of our names. The other two are in sole names. Can all of these be put into the one card.
Hi Shane,
Thanks for the question. It is possible to consolidate your three cards into the Westpac Low Rate Card; however, you are only allowed one primary card holder and additional secondary card holders. This is not the same as a joint account as the secondary card holder is restricted in what they can do. They are allowed to check balances, reissue lost cards but are not allowed to close the account or increase the credit limit and so on. Think of an additional card holder as only having general access while the primary card holder deals with specifics. May we also suggest that you have a look at St.George credit cards as an option for a joint credit card application. Hope this helps.
Cheers.
Jeremy
If i am not transferring a balance from another credit card, and would like this credit card for its features, would i still be entitled to 0% interest for the first 6 months?
Hi Simone,
No, the special balance transfer rate of interest is only available to new customers joining through a balance transfer. Thanks.
Cheers,
Jeremy
Can I make two balance transfers at the introductory rate?
Hi Tegan,
You cannot make two separate transfers; however you may simultaneously bring the outstanding balance of two cards to the Westpac Low Rate Card.
Cheers,
Jeremy
What is the balance transfer? Ive just turned 18 and no thing of credit cards and im interested to know what it all means simply.
Hi Krystal,
Thanks for the question. Please check the educational resources found on our the balance transfers page of our site for clarification on this question – http://www.creditcardfinder.com.au/balance-transfer-credit-cards – put simply, it’s when one institution buys the outstanding balance of your credit card from another institution to get your business – they entice customers to switch by charging a lower rate of interest then what they are already paying for a set period of time. Hope this helped.
Cheers,
Jeremy
With this card how long is the 0% per cent for, 6 or 9 months?
Hi,
The 0% rate of interest will last for 6 months. Thanks.
Cheers,
Jeremy
If I transfer the balance into non westpac credit card then how much charge?
Ta
Hi Abdullah,
There is no fee for processing a balance transfer. Thanks for your question.
Cheers,
Jeremy
how much for balance transfer to the debit card?
Hi,
There is no fee for processing a balance transfer. Thanks for your question.
Cheers,
Jeremy
Can I transfer the balance of my personal overdraft account to this card?
Hi Tegan. Thanks for your question. Westpac allow balance transfers from non Westpac store cards and store cards only. Citibank and Virgin allow balance transfers from a line-of-credit and personal loans. Sorry for the delayed response. Jacob.
How long will it take to pay existing credit card provider (Commonwealth Bank) and issue a Westpac Mastercard card for me to use.
Hi George,
When performing a balance transfer and one financial institution is buying the debt from another, it is handled during the application process which can take anywhere between 8 – 14 business days to process. Thanks for your question.
Cheers
Jeremy
To apply for balance transfer credit card, for how long does your credit history needs to be clear for? For example with ANZ, you must not have applied for any other credit card for 6 months, the last application i submitted was in december 2011. whats the policy with WESTPAC?
Hi Tanya. Thanks for your question. I’m unable to find this information on the Westpac or ANZ website. I don’t believe such a policy exists. If you’ve applied for credit too many times in the recent past, this may be a reason why you may not be successful in your application. Please note that an application for a balance transfer if you’re an existing customer is not the same as applying for a new credit card, although, most promotional balance transfer offers are only available to new customers. Sorry for the delayed response. Jacob.
Is there an application fee on this card?
Hi,
There is no charge to apply for this card. There is however an annual fee of $45 that will appear on your statement a month after your card has been activated and on each yearly anniversary after that. Thanks for your question.
Cheers
Jeremy
Is this card available to pensioners- aged pensioners on income of $800 fortnightly. with a $1000-$2000 limit.
HI Dianne. If you want to apply for a card online, you will have to enter your employer’s contact information — if you can’t do this, you’re chances of approval are slim. It’s better to speak to a person face to face about your application if you’re on a pension. Thanks.
If we are not a Australian Resident are we not getting a card?
Hi,
Most cards require that you are a citizen or resident for your application to be approved although there are some cards which do allow people who are on a sub-category visa to apply. Thanks.
Cheers,
Jeremy
Does this card come with a cancellation fee if I wish to close the account?
Hi Natalie. Thanks for your question and apologies for the delay. There is no fee for cancelling a credit card. You can cancel anytime as long as your have paid the balance in full. Jacob.
I applied on 3 March and still no reply. Please advise
Hi Steven. Thanks for your question. This response is probably of little help due to the time it’s taken us to reply, but for future reference, if you’re worried about the status of an application, please contact your lender directly. You can find contact numbers on this page. Jacob.
Once the balance transfer period is over, what interest rate will be charged on any outstanding balance remaining after that initial period? As stated the rate would revert back to the standard variable interest rate for purchases, but what rate would be charged on the remaining balance transfer?
Hi Suzanne. Thanks for your question. At the end of the balance transfer promotional period, any unpaid amount from the original balance transfer balance will be charged at the purchase rate of interest. For more information about which providers revert to the purchase rate of interest and which providers revert to the cash advance rate, check our page on balance transfer revert rates. Sorry for the delayed response. Jacob.
I already have a westpac 55 day mastercard. I’ve had it for a few years. I am interested in applying for this balance transfer to my westpac card. Is it possible?
Hi,
To take advantage of the low rate of interest offered through a balance transfer you have to bring the balance from another bank. Cheers.
Jeremy
Hi, what is the minimum income requirement allowed with this card?
Hi Naomi. Thanks for your question. Please check the bottom table on the review and application page for this card. Jacob.
What is the minimum income criteria for the Westpac Low Rate Credit Card of $1000 limit? My incomes consist of part time & casual employment, also part Disability Pension. Have no debts from the 4TH July.
Hi Julie. Apologies about the delayed response. The minimum income requirement is listed at the bottom of the review and application page under the application requirements. Thanks for your question.
The application requirements have a green tick next to temporary residents but then says “no”.
Is this available to 457 visa holders (4 year sponsorship)?
Andy
Hi Andy. Check out our post on credit cards for temporary residents for further information on this topic. Thanks for your question.
can the balance transfer be used to pay out an overdraft facility?
Hi Rebecca. Thanks for your question. The Westpac Low Rate Credit Card balance transfer feature can only be used to transfer other credit card debt, not overdrafts or loans. The Citibank Ready Credit is one account that does allow a balance transfer from personal loans and lines of credit.
1)Balance Transfer Rate 1.99% p.a. for 12 months
2)Enjoy a great balance transfer rate of 1.99% p.a. for 12 months
3)Firstly, you benefit from an introductory offer of 1.99% p.a. for 12 months from a non-Westpac credit card for the first nine months following account opening.
4)nine months at 1.99% p.a. for 12 months.
can you clarify is it 1.99%for 12months or 9 months
Hi Caroline. Thanks for your question. The offer is 1.99% for 12 months. Cheers.
if i transfer 25000 to westpac what would my minimum repayments be
Hi Michael. Check out our credit card repayment calculator for further information on this question. Thanks.
nine months at 1.99% p.a. for 12 months.
what does this mean it is contradictory?
Can you apply for 1.99% balance transfer card if you already have a Westpac credit card
Hi Julie. Thanks for your question. The introductory balance transfer rate offered by Westpac is only available to customers who are transferring their credit card debt from a non-related Westpac lender. Hope this helps.
how long does it take to process a balance transfer from my current card with CBA to this Westpac credit card?
Can I use my Westpac credit card as soon as I receive it?
Hi Liza. Thanks for your question. The process time for a balance transfer will depend on how quickly the request is acted on by the lender you’re transferring from, but generally it will take a couple of business days. Once you receive your Westpac credit card, you will need to activate it before you can use it. if you’re application is successful, you’ll receive information on how to activate the card. Cheers.
How much is a normal transaction fee when making a purchase on the card?
Hi Ben. Thanks for your question. There are no fees and charges for making a purchase on your card. You will be charged the purchase rate of interest from the day the transaction is made, unless you have paid your account in full and are eligible for the 55 days interest free on purchases made with this card. Cheers.
Hi,
I am a 457 visa holder(residency for 4 years) Am I eligible for this credit card?
Regards,
Niamh Ni Laoghaire
Hi Niamh. Thanks for your question. Some Westpac Credit Cards are available to temporary residents. For information on which credit cards are available to temporary residents, please refer to our article on the topic. Cheers.
What does the variable rate mean? thanks
Hi Sam. Thanks for your question. Both the purchase rate and the cash advance rate of interest are variable. This means that when there’s a movement in the cash rate, lenders can readjust both these rates of interest, either up or down. When compared to other personal finance products like home loans, savings accounts or personal loans, credit cards are less sensitive to fluctuations in the cash rate; however, the rates do change from time to time. Cheers.
I have an Ignite Credit Card, am I able to transfer to the Westpac Credit Card and if so, do I get the 1.99% rate for transfer? If not, which credit rate would I receive? Thanks
Hi Vic. Thanks for your question. Balance transfer low interest promotions are only available to customers who transfer a balance between two non-related credit cards or store cards. Check this page for a comparison of the market’s balance transfer credit cards. Thanks.
Hi
I am working as registered nurse(full time) in a public hospital sydney. 2 months back I purchase a low rate credit card from westpac. My visa status is temporary long stay(457 sub class). Am I eligible to apply for balance transfer? is it possible to transfer credit to choice account?
Hi Shani. Please check this page for more information. Thanks.
Is there a minimum income level – if so, what is it?
Hi Coral. Thanks for your question. There is $15,000 minimum income requirement for this card; also, applicants are assessed on the financial information provided at the time of application. Cheers.
if you don’t pay the balance transfer amount of in 12 months does the interest rate go to the cash advance rate or the purchase rate?
Hi Gemma. Thanks for your question. At the end of the balance transfer period, the rate reverts to the variable purchase rate of interest. Cheers.
Do I read correctly, no purchases may be made until original debt payed. On the amount transferred do you differentiate between cash purchases and cash advances??
William Nicholls
Hi William. Thanks for your question. When you carry out a balance transfer, there is no differentiation between the different elements the balance transfer consists of. If the balance is made up of cash advances and purchases, when you transfer these debts to another card, they will all be charged at the same rate of interest. Purchases can still be made if you are carrying a balance transfer debt on your card, but any money you pay onto your card will go towards paying purchases and cash advances first, and balance transfers second. Cheers.
My partner and I both have a credit card each. Are we able to combine both of these cards into a joint account with both names.
Hi Kerry. For further information please refer to our page on institutions that allow joint account holders. You may also want to check our page on whether you can transfer the debt from a partner’s credit card. Cheers.
am i able to balance transfer 2 cards from citibank, when im on a carers pension
Hi Mel. If you’re approved for a credit card, generally you’re also approved for a balance transfer. The amount you wish to transfer from the Citibank cards must be less than your approved credit limit on your Westpac card. Thanks for your question.
Can I apply for a credit card balance transfer if the current credit card debt is in my husbands name or would he need to apply?
Hi Yolande. Thanks for your question. For information on this topic, please refer to our page, Can I Balance Transfer a Credit Card from my Partner (Husband or Wife). Cheers.
This may sound stupid but here it goes.
It says balance on transfers is 1.9% on 12 months.
It also says the minimum is 2.0% per annum.
So my question is – is it 2% pa on balance transfers for the first 12 months – or 3.9%?
Thanks
Hi Nat. The minimum repayment is 2.00%; however, you will be charged 1.9% interest on your balance transfer. So if you make the minimum repayment only, you will be paying 0.1% off your total outstanding balance each month. Cheers.
how long does it take to get your credit card in the mail??
Hi Emily. Thanks for your question. Please allow up to two weeks for your card to sent out to you. Cheers.
Whats the difference between the visa and mastercard.? thanks
Hi Joan. Interesting question. Please refer to our article on the topic. Cheers.
hi,i have had a credit card with st george for years,with the merger between you to,can i transfer to your westpac low rate card .
Hi Carl. Thanks for your question. There is no issue with transferring a balance between a St.George and Westpac credit card. Cheers.
I have recently closed a low interest rate balance transfer credit card with west pac within the last 4 months. Can I re apply for the low interest credit card again?
Hi David. Thanks for your question. If you still meet the eligibility requirements, there’s no reason why you can’t reapply for this card. Generally speaking, it’s advised that you wait at least three months before each credit card application to avoid multiple enquiries on your credit report. Multiple enquiries in a short space of time is a negative signal for a lender. Cheers.
I already have a nab gold card just wondering if I can balance transfer my 2 existing credit cards and roll them all into one onto my nab gold card at the balance transfer rate of 1.99% for 12 months
Hi Michelle. NAB do allow balance transfer for existing customers. There is a condition that the balances must come from non-NAB store or credit cards. In order to balance transfer your two existing credit cards to a NAB credit card, they must not be NAB cards. Thanks for your question.
I have an existing westpac credit card can I apply for another card, use the intro rate and transfer the balance from my old card across and then close the old card?
Hi Garth. Thanks for your question. In order to be eligible for the promotional balance transfer offer, you must transfer the balance from a non-Westpac credit card.
I am an existing Westpac customer with a Visa card but wish the balance transfer from an ANZ mastercard to the Low rate card. Is this allowable. I would probably close the other Westpac card as the interest is too high.
Hi Pip. The Westpac website gives the following information for people looking to balance transfer to an existing Westpac credit card: ‘Existing Westpac credit card holders – when special balance transfer offers for existing Westpac credit card holders are available, we’ll let the primary account holder know via Online Banking, or by mailing details of the offer. If you take up the offer and apply online, your details are automatically and securely included in the form.’ Thanks for your question.
We have a business, home loan and personal accounts with westpac and a westpac credit card with 30,000 outstanding at a high interest rate of 21% are we able to transfer within this bank to this lower rate card?
Hi Tracy. Thanks for your question. Special introductory rate balance transfer promotions are traditionally only available to customers who are transferring a balance between two non related banks or lenders. Occasionally, these promotions are made available to existing customers, your lender will send you a message if this is the case. For a comparison of balance transfer credit cards, please check this page.
I already have a Westpac Altitude Card, can I transfer that balance over to this new low balance card to assist in paying it off?
Hi Marina,
thanks for the great question!
The Westpac Low Rate Credit Card doesn’t allow balances to be transferred from other Westpac credit, charge or store cards.
I hope this helps!
Marc.
I would like to know what the credit rate the card reverts to at the end of the balance transfer time of nine months. Does it revert to the case advance rate or to the purchase rate
Hi Lenore. Thanks for your question. At the end of the balance transfer period, interest will be charged at the purchase rate of interest. Cheers.
We are currently customers of Westpac and have a Platinum Visa and Amex card. Can we transfer our debt to this card.
Hi Maria. If you’re looking to transfer the balance of your Westpac Platinum Credit Cards at a low, promotional rate of interest, to another credit card – it will have to be a non-Westpac credit card. To compare non-Westpac balance transfer credit cards, please refer to this link. Thanks for your question.
Hi,
If I already have this card, am I still able to do a balance transfer from my NAB Gold card and take advantage of the 0.99% for the first 9 months with Westpac?
Hi Daniel. Thanks for your question. Balance transfers, with a promotional rate of interest, are generally only available to new customers who request a balance transfer at the time of application. According to the Westpac website: ‘Existing Westpac credit card holders – when special balance transfer offers for existing Westpac credit card holders are available, we’ll let the primary account holder know via Online Banking, or by mailing details of the offer. If you take up the offer and apply online, your details are automatically and securely included in the form.’
And, ‘Existing Westpac primary credit card holders can request a balance transfer at any time. If you’re registered for Online Banking, save time by applying online, where your details are automatically (and securely) included in the form, and once submitted, you’ll get a decision on your credit card balance transfer within 60 seconds.’
So, if you’re an existing Westpac customer, you can transfer a balance from another institution’s credit card when Westpac makes the promotion available to new customers.
Hope this answers your question.
is there a free travel insurance with the card
Hi Eddie
Thanks for your question
Unfortunately this card does not include any complimentary insurances. If you’re interested in finding a credit card which does include complimentary insurances, please check out our complimentary travel insurance credit card comparison.
Cheers,
Jeremy
I applied for a Westpac low rate credit card was refused. Had lots of trouble and many emails and suggestions on their part as to why I. was refused. As I
have no debt, all they seem to be interested in is getting transferred balances , so that you will pay more interest to them, my recommendation if you are a senior keep putting your money under the mattress, don’t have any emergencies because your bank wont help you.
Hi. I am already a customer of yours and I have a MasterCard. If i was to go to a visa card would I be eligible to transfer funds over and get the same deal. Thank you.
Hi Lorraine. Thanks for your question. No, balance transfer offers at the promotional rate of interest are only available to new Westpac customers transferring a balance from a non-Westpac Group credit card, store card or charge card. You can consolidate the balance of a credit card if you’re an existing Westpac customer by filling out a balance transfer request form through your online banking facility; however, the balance will be charged at the purchase rate of interest. Compare balance transfer credit cards here. Let me know if there’s anything else you would like to know about balance transfers. Jacob.
Could you please advise when this 0% interest for 6 month on purchases will end.
Hi Harold. Thanks for your question. If you’re referring to the offer itself, there is currently no end date set.
The 6 month interest free of purchases begins when you first activate the card. Jacob.
So can I apply for this credit card if I don’t wish to transfer my debt from another card? I don’t have debt and want to use this card solely for purchases…
Hi Jamie. Thanks for your question. Yes, the balance transfer feature included with some cards is an optional benefit. If you don’t have a debt you wish to transfer, you can still apply and use this card as normal. Jacob.
What sort of proof on income do you need to get a credit card with a $3500 limit?
Thanks Michelle
HI Michelle. Thanks for your question. If you’re looking for a credit limit of $3,500, you can elect for this limit when you apply for the card. The final say will rest with the bank, and it’s difficult to tell what limit you will get as they have a number of internal systems in place that judge an applicants financial information and make an assessment of what size limit you can service. The minimum credit limit for most cards is $500 – and generally speaking, if you only just meet the minimum income requirement for the card, and you’re approved, this is the limit you will more than likely receive. Jacob.
Are two people able to have a card each on the came account
Hi Jan. this account allows one additional cardholder at no extra charge. The credit limit is shared between both cards, bu each card will have its own unique number and person’s name on the front so you can identify spending. You let the bank know whethe you would like an additional / supplementary card during the application. Jacob.
hi, what is the difference between ‘interest rate on purhcases’ and ‘interest free period’?
Hi Gary, great question. This page will explain what interest free days are and how they work. If no interest free days apply, then you will be charged the standard variable rate on purchases from the day you make the transaction. Let me know if you would like more information. Jacob.
Dear Sir. Last week I applied online for credit card. I went to a branch to get credit card, and the attendant was very unhappy to help me. I have all the papers from my bank account and my Centrelink statement. She asked me to go all the way back to Centrelink to get two more statements!
When I came back to the bank, she said in front of every one that I only needed one. This person spoke to me very nastily in front of another customer.
In the card application it says the minimum income requirement is $15,000. My pension is $1,740 per month. My partner brings home $65,000 every three months! I couldn’t show his income because he works for himself. He was waiting till I received the card before he goes to Germany for work.
I am so unhappy with her attitude. I was very sick to yesterday. On Saturday my Blood pressure was high because I was so embarrassed with how she talked to me. I’ve been a member of your bank for many years. I do not believe person like her work there, sorry but I’m not happy .
Hi Blanca. Thanks for your question. This is disappointing to hear. Please contact Westpac directly if you have a compliant. You can try and get in touch with their social media team over Facebook, they handle customer complaints and may be able to address this for you. Jacob.