Westpac Student Credit Card – Review and Details

Information verified correct on September 28th, 2016
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The Westpac Student card can offer great value, especially since it was specifically designed with students in mind.

The Westpac Student card was created for full time tertiary students who are studying at a recognised tertiary institution. Offering low annual fees and up to 55 days interest-free on purchases, this can be ideal for students on limited budgets.

Product NameWestpac Student Credit Card
Purchase rate (p.a.)20.45% p.a.
Annual fee$0 p.a. annual fee for the first year ($30 p.a. thereafter)
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.)20.45% 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
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 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$0 p.a. annual fee for the first year ($30 p.a. thereafter)
Minimum Repayment2% or $10, whichever is greater
Late Payment Fee$9
Over Limit Fee$9
Cash Advance Fee2% of the value of the transaction or minimum charge of $2.50
Foreign Currency Conversion Fee (VISA)3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Direct DebitYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes


  • Pay $0 annual fee for the first year ($30 p.a. thereafter).
  • Enjoy up to 55 interest-free days on purchases.


  • There is no rewards program linked to this account.
  • This credit card does not currently offer any promotional interest rates on purchases and balance transfers.

Westpac Student credit card review

It is acknowledged that students like to travel as well as study, and to make life easier in this regard the Westpac Student card is accepted at more than 28 million outlets throughout the world. It also protects you against fraud by Westpac’s CardShield online transaction guarantee, meaning you will not be liable for internet transactions made without your consent as long as you tell the bank of the fraudulent transaction before the due date of your statement.

Benefits of the Westpac Student credit card

  • Credit Card Protection Insurance. If you happen to lose your part time or casual job, or become injured or ill to the degree that you cannot attend work, and you find yourself in the position that you can’t meet your credit card repayment obligations, your Westpac Student card’s credit card protection insurance can help you. If you happen to die, any balance on your card at the time will be met up to a limit of $50,000, this feature avoids putting an extra financial strain on your family or next of kin at such a time.
  • Verified by Visa. You can also enjoy added online security when shopping at certain online retail establishments by registering with Verified by Visa. Once registered you will notice a pop up from Westpac appear during your transaction procedure on participating websites, showing your personal assurance message (PAM). You will be asked for your password, which you simply enter and then carry on with your purchase.
  • 24/7 Falcon and CHIP Technology. If a doubtful transaction appears to have occurred, Westpac fraud experts will be automatically alerted with the 24/7 Falcon security monitor. You will then receive a call from the bank to verify if it is indeed you who was making the transaction. Westpac has also supplemented the card’s magnetic stripe with a microchip hidden inside the card itself. This microchip securely stores all the necessary details such as your card’s expiry date, card number, and your name. The microchip is at the cutting edge of CHIP technology and widely recognised as a most effective tool in stopping skimming and counterfeit attacks on your card from fraudsters.

Features of the Westpac Student credit card

  • Annual fee. The annual fee of just $30 is waived on your first year.
  • Interest-free days. If you pay your statement balance by the date it becomes due each month you can enjoy 55 days free of any interest charges on your retail purchases.
  • Purchase rate. The variable interest rate is 20.45% p.a.
  • Paperless eStatements. In line with contemporary student preference of everybody doing their bit in saving the forests, it offers paperless eStatements.
  • Card approval. Card approval is granted based on the income you generate from your casual or part time jobs or Austudy.

Fees and Charges

As with everything else in life there are always fees and charges to be paid, such costs with your Westpac Student card have been limited to the following:

  • Duplicate statement. Although there is no fee charged for your eStatement there may be a fee of $7.50 levied if you, or your additional card holder, requests another statement, additional to the one that has already been sent.
  • Overlimit fee. If you allow yourself to go over your agreed credit limit you may be charged a fee of $9. This will occur every time you go over your limit during the same statement cycle. It can still occur when your new statement starts off over the limit.
  • Late payment fee. It could cost you $9 if you fail to pay your monthly statement by the due date. This is known as a missed payment charge.
  • Administrative charge. When taking a cash advance, or withdrawal, from your Westpac Student card an administrative charge of 2% of the value of the transaction or minimum charge of $2.50 will occur if it leaves you with a debit balance. This charge is limited to a maximum of $150 and a minimum of $2.50.
  • Foreign currency fee. There are also various fees involved when foreign currency transactions take place and the Visa currency conversion rate of 3% is to be considered.

Things to Watch When Considering a Student Card

Always remember that banks may compensate for such easy approval criteria by raising the interest rates. In banking terms, this is known as ‘rate for risk’.

To avoid being caught by high interest rate charges, try to apply for a low credit limit and don’t spend more than you can realistically afford to repay at any time. Remember, your credit card is designed to help you in case of emergency.

If you work towards keeping your spending down and pay down the amounts you’ve spent each month, you can benefit from using the interest-free days, rather than paying high interest charges on outstanding debts.

How to Apply for a Westpac Student card

You can apply for this student visa card by completing the online application. Please refer to the details below to ensure your eligibility for this card:

Application requirements

  • You will need to be over 18 before you apply for your Westpac Student card and you’ll also need to be an Australian citizen or permanent resident.

Information required

  • Income and employment details which will require providing copies of your pay slips or tax returns. You will also need to fill in your employer’s company name, address and contact details.
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4 Responses to Westpac Student Credit Card – Review and Details

  1. Default Gravatar
    Waido | January 16, 2016

    Is this not applicable to international students studying in Australia?

    • Staff
      Debbie | January 19, 2016

      Hi Waldo,

      Thank you for your question.

      Unfortunately, you will need to be an Australian citizen or permanent resident to apply for this card. You may wish to refer to the eligibility requirements listed from this page.

      I hope this helps.


  2. Default Gravatar
    Tegan | June 2, 2015

    Is this just a normal credit card, can you use the money then pay the card off?

    • Staff
      Jonathan | June 2, 2015

      Hi Tegan, thanks for your inquiry!

      That is correct, the purchase rate for this credit card is 20.45% p.a. and the cash advance rate is 20.45% p.a. The full features of this card are listed in the table provided on this page.



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