Westpac Low Rate Credit Card – Rate and Fees

Information verified correct on July 1st, 2016

Take advantage of a 0% p.a. balance transfer offer plus a low ongoing purchase rate and annual fee with the Westpac Low Rate credit card.

Westpac Low Rate credit card is designed to help credit card users trim down on their card costs. New cardholders get to enjoy 0% p.a. balance transfers for 18 months.

The card comes with a competitive variable rate on purchases, plus you can add an additional cardholder over the age of 16 at no extra cost.

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.)0.99% p.a. for 4 months (reverts to 13.49% p.a.)
Offer end date6 July 2016
Annual fee$59 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you dont 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%
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%
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 offers a low purchase interest rate of 13.49% p.a.
  • This card comes with a promotional offer of 0.99% p.a. for 4 months on purchases
  • This card also comes with a low annual fee of $59.
  • This card has no rewards program.
  • At the end of the balance transfer period, you will be charged the cash advance rate of interest opposed to the purchase rate.

Westpac Low Rate credit card review

The card comes with interest-free days, a competitive annual fee and interest rates. You can add an additional card holder free with the security of microchip technology.

With any credit card you take on, you also must consider the fees. This card attracts various fees, including: annual fees, foreign transaction fees, cash withdrawals and advances, missed payment fees and much more. Cardholders and new members also have access to various promotional offers.

Benefits of Westpac Low Rate credit card

  • Balance transfer offer. There is a balance transfer offer eligible to new applicants and this special promotion offers an 0% p.a. on balance transfers for an 18-month period.
  • Purchase offer. Enjoy an introductory interest rate offer of 0.99% on purchases for 4 months if you apply before 6 July 2016.
  • Additional cardholders. Get 1 additional cardholder for $0.
  • Contactless technology. The Visa card can be used at terminals with contactless technology. No need to sign or enter your PIN, simply wave your Visa card over the contactless symbol. You can also use Westpac Mobile banking app and hold your Smartphone against the terminal.

Features of the Westpac Low Rate credit card

  • Annual fee. For new card customers, the annual fee is $59 and $0 annual fee in the first year for existing Westpac customers.
  • Low interest rates. The Westpac Low Rate credit card offers competitive interest rates for purchases and balance transfers. When it comes to purchases, you have a low interest rate of 0.99% for 4 months and a rate of 0% p.a. on transferred balances for up to 18 months. At the end of the balance transfer period, any unpaid balance from a balance transfer promotion will be charged at the variable purchase rate of 13.49% p.a.
  • Fees. There are certain fees that apply with this card. You will pay a competitive annual fee of $59 as well as a foreign transaction fee which is payable by a percentage of the value of the transaction. Cash withdrawals and advances are also subject to an administration charge which is also a percentage of the transactional value. Missed payment charges apply at a $9 fee and there is an over-limit fee of $9 as well. Duplicate statement fee attracts a $7.50 charge.
  • Card security. This card has various security features. It features Card Shield, which protects your card from fraudulent activities. The Visa card also has an embedded microchip which features enhanced security and Falcon Fraud protection. Falcon Fraud offers 24-hour protection by monitoring your card activities. Westpac have a money back guarantee with all fraudulent activities, provided that you were not responsible for the loss.
  • Interest-free periods. New cardholders can apply for balance transfers with their card application and receive 0% p.a. for 18 months. As a separate feature, you also get up to 55 days of interest-free shopping. However, you will need to pay the closing balance in full every month by the due date. Please note that you decide to do a balance transfer, you void the interest-free days.

How to apply for the Westpac Low Rate credit card

If you’ve decided the Westpac Low Rate credit card is right for you, you can apply for this card by completing the online application form.

Eligibility criteria

  • You must be an Australian citizen or permanent resident to be eligible for the credit card.
  • In addition to being a resident or citizen, you also must be of age. The minimum age requirement is 18 years.

Required documents

  • Some form of identification needs to be provided and this could be your ID or drivers license.
  • The credit card provider will also require your personal and financial details to assess your credit rating and source of income.
  • If you receive government support and payments, you’ll need to provide your Centrelink Pension Card details.

Westpac Low Rate credit card is designed to ease the burden that comes with credit repayments. Compare other similar low rate credit cards to get the most value.

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645 Responses to Westpac Low Rate Credit Card – Rate and Fees

  1. Default Gravatar
    andy | February 12, 2016

    Can I transfer balance from my Coles master card to a new westpac master card? If my Coles balance is 2,500 can I apply for a new limit of 3000?

    • Staff
      Jonathan | February 15, 2016

      Hi Andy, thanks for your inquiry!

      Since the Westpac Low Rate credit card has a minimum credit limit of $10,000, a limit of $3,000 would be ineligible. You may like to compare other low rate credit cards which can have lower credit limits.



  2. Default Gravatar
    Rav | February 9, 2016

    Hi can i transfer balance from westpac low rate credit card to my partner card(commonwealth bank ) if yes then what will be the procedure ..thanks

    • Staff
      Sharon | February 9, 2016

      Hi Rav, thanks for your inquiry.

      Unfortunately, Commonwealth bank does not allow balance transfer between two people’s names. You may refer to this page to know which banks offer joint balance transfers.

      I hope this helps.


  3. Default Gravatar
    Ben | September 25, 2015

    If I do a balance transfer eg. $5,000 on 18 mths interest free but then make a new purchase eg. $500, will I be charged interest on only the new purchase for the first 18 mths or $5,500?

    • Default Gravatar
      chris | April 2, 2016

      just to confirm that the o% on balance transfer for 18 months operates separately to the 0% on purchases for three months.

    • Staff
      Ally | April 4, 2016

      Hi Chris,

      Thanks for reaching out.

      Yes, the 0% for 18 months on balance transfers and 0.99% for 3 months on purchases are two separate promotional offers, but you will automatically become eligible to avail of both if you apply and get approved on or before 11 April 2016.

      I hope this has helped.


    • Default Gravatar
      sarah | February 18, 2016

      hi my names is Sarah I have no visa

    • Staff
      Jonathan | February 19, 2016

      Hi Sarah, thanks for your inquiry!

      Australian credit cards require permanent residency or an eligible temporary residency. You may like to compare credit cards for temporary residents or to find out more about credit card application requirements refer to this page.



    • Staff
      Sally | September 28, 2015

      Hi Ben,

      Thanks for your question.

      For your new purchases, this will fall on the current introductory offer of 0% for three months. You won’t be charged any interest during the first three months since your card approval. Transactions should be paid in full before the third month though, otherwise it will incur the standard interest rate for any outstanding balance.

      To understand how the introductory offer works, please check this page.

      I hope this helps.



  4. Default Gravatar
    Renee | September 11, 2015

    Im just trying to make sense of the 3mnths of 0% purchases please.

    If i intend of doing a balance transfer of a few thousand. Then on top make a large purchase of $2500 for example..

    Do i need to pay that $2500 off in full to be able to take advantage of 0% for next 2mnths following?

    or is it just making the minimum payment each month still has u eligible to receive next 2mnths 0%?

    For example.. Do i need to pay the full $2500 after the first month since i receive the first statement to prevent the interest on the remaining 2mnths?

    I am hoping for 3mnths no interest if i am making the minimum repayment, & will pay off by the 3rd month? Otherwise i am not sure how this really differs from normal 55 days interest free card otherwise? please clarify.

    Also what do my repayments go against.. my balance transfer first.. or purchases? as ideally you would want your purchases first.. then use remaining 15mnths 2 pay the rest? Thanks for clarifying.

    • Staff
      Jonathan | September 11, 2015

      Hi Renee, thanks for your inquiry!

      The balance transfer rate of 0% for 18 months and purchase rate promotion 0% for 3 months run concurrently/ at the same time. If your balance transfer was approved then you would be eligible to make purchases with the remaining amount in your credit limit. You are correct in saying the required repayment would be the minimum repayment amount of 2% of the total outstanding amount. Repayments are allocated towards the highest rate of interest. So until the purchase promotion 0% for 3 months has ended, repayments will go towards the balance transfer. After the 3 months the regular purchase rate will be charged and repayments will go towards that outstanding amount.



  5. Default Gravatar
    Ice | September 9, 2015

    What is the Interest Rate provided by this card. I can’t see it #lol

    • Staff
      Sally | September 9, 2015


      Thanks for your inquiry.

      The Westpac Low Rate Credit Card comes with promotional offers and competitive interest rates on both purchases and balance transfers. For up to 3 months, you will not be paying any interest on your purchases. However, please take note that any outstanding balances after the introductory period will start to attract a variable interest rate of 13.49% p.a. On the other hand, a rate of 0% p.a. applies on balance transfers for up to 18 months. Any outstanding balances after the 18-month period will then require you to pay a variable interest rate of 21.49% p.a.

      I hope this has helped.



  6. Default Gravatar
    Jess | September 4, 2015

    If applying home loan with Westpac, how many percent can be use for centrelink (child support) income since i can’t use 100% from it.

    • Staff
      Jonathan | September 6, 2015

      Hi Jess, thanks for your inquiry!

      For more information and an estimation on how much you can borrow with Westpac please refer to this page.



  7. Default Gravatar
    Richo | July 29, 2015

    I have an existing balance I’d like to transfer, but I’d also like to take advantage of the 3 month interest free purchases.

    My question is in relation to the 3 months interest free on purchases.

    If I make a large purchase in those first 3 months (say $4,000), would I need to have paid it off within those first three months to avoid any interest charges? If it has to be paid off in the first three months, what happens if I do not do so?


    Is there only interest charged for purchases made after the 3 months?

    • Staff
      Sally | July 30, 2015

      Hi Richo,

      Thanks for your question.

      Yes, you can still take advantage of the three-month interest-free term on purchases.

      Keep in mind that you need to have paid your balance in full each billing cycle in order to take advantage of the interest-free days. If you don’t pay off the existing balance, then you will not receive the interest-free days and will continue incur interest on your existing balance.

      Yes, the 0% p.a. on purchases ends after 3 months and then reverts back to 13.49% p.a.

      You can compare some of your other balance transfer options here.

      I hope this has answered your questions.



  8. Default Gravatar
    leonie | July 28, 2015

    I want to do a balance transfer online in joint names. It does not give me that option straight up St.George does.

    • Staff
      Jonathan | July 28, 2015

      Hi Leonie, thanks for your inquiry!

      Unfortunately Westpac does not allow joint-account applications. Please refer to this page for a list of lenders that allow this process.



  9. Default Gravatar
    Peter | July 2, 2015

    Can a pensioner get a credit card from your fine establishment,
    I am not an aged pensioner.

    • Staff
      Sally | July 2, 2015

      Hi Peter,

      Thank you for your comment.

      Just to confirm, you have come through to finder.com.au, not Westpac.

      Generally banks/ providers often state specific income requirements and application criteria for credit card products. Income requirements may involve employment status, although pension benefits can constitute as an eligible income. I would suggest that you contact Westpac directly to see what your options are.

      I’ve emailed your their contact details.

      I hope this has helped.



  10. Default Gravatar
    Phil | June 29, 2015

    What if I don’t have a credit card balance to transfer, we don’t have a credit card?

    • Staff
      Sally | June 30, 2015

      Hi Phil,

      Thanks for your question.

      The balance transfer is optional for cardholders who wish to transfer an existing balance to the new card. If you don’t have another credit card or an existing balance, you can apply for the card without requesting a balance transfer.

      I hope this has helped.



    • Default Gravatar
      Chandu | April 25, 2016

      I am Australian citizen and presently I came to Canada due to some work and my wife need some money urgently, so I am looking to apply credit card on Westpac if my application gets approved, whether I should be there to pick the card or else my wife can pick the card ..!!the card will be delivered to home address or ..!!

    • Staff
      Ysa | May 10, 2016

      Hi Chandu,

      Thanks for your question.

      Unfortunately, you are not eligible to apply for a Westpac credit card without an Australian taxable income and Australian residential address.


Credit Cards Comparison

Rates last updated July 1st, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
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Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card.
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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
NAB Low Rate Credit Card
The NAB Low Interest Visa Card offers 0% p.a. purchase and balance transfer offers for 15 months. Also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 2% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 40,000 bonus Qantas Points on eligible spend within 3 months. A balance transfer offer of 0% p.a. for 6 months with access to premium benefits and complimentary insurance.
19.99% p.a. 0% p.a. for 6 months $199 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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