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Westpac

Westpac Low Rate Card (Cashback offer)

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Cashback

Get $400 Cashback when you take out a new Low Rate credit card

You get a $400 cashback when you take out a new Low Rate Credit Card and spend $4k on eligible purchases within 120 days of new card approval. Eligibility criteria and T&Cs apply + FYFW - Reverts to $59 in second year.

Purchase Rate

Purchase Rate

13.74

% p.a

Balance Transfer Rate

Balance Transfer Rate

6.99

% p.a

for 12 months then 21.49%

Annual Fee

Annual Fee

$0

for 12 months then $59

Max Free Days

Max Free Days

55

Late Payment Fee

$15

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Purchase Rate

Purchase Rate

13.74

% p.a

Balance Transfer Rate

Balance Transfer Rate

6.99

% p.a

for 12 months then 21.49%

Annual Fee

Annual Fee

$0

for 12 months then $59

Max Free Days

Max Free Days

55

Late Payment Fee

$15

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Quick credit card review

For Low Rate Card (Cashback offer)

These are the benefits of this credit card.

  • 6.99% p.a on balance transfers for 12 months and then 21.49% p.a.
  • Lower than average ongoing purchase rate
  • Reduced $0 annual fee in the first 12 months and $59 p.a thereafter.
  • Lower than average annual fee
  • Ability to convert large purchases into instalment plans
  • Apple Pay, Google Pay and Samsung Pay available
  • Free supplementary cards

These are the drawbacks of this credit card.

  • No reward program

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Credit card overview

For Low Rate Card (Cashback offer)

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Details

Card Level

Standard

Card Type

MasterCard

Interest Free Days

Interest Free Days

55

Minimum monthly repayment

2% or $10

Minimum credit limit

$500

Maximum credit limit

$50k

Free supplementary cards

Number free supplementary

1

Instant Approval

Fees

Annual Fee

Annual Fee

$0

for 12 months then $59

Annual Fee Spend Waiver

Supplementary card annual fee

$0

Late Payment Fee

$15

Over limit fee

$15

Duplicate statement fee

$2

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Electronic Wallet Service

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Important Rates

Rates

Purchase Rate

Purchase Rate

13.74

% p.a

Cash advance rate

21.49%

Cash advance fee

2% or $2.5

Balance Transfer

Balance Transfer Rate

Balance Transfer Rate

6.99

% p.a

for 12 months then 21.49%

Transfer Limit

80%

of the approved credit limit

Balance Transfer Fee

$0

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Overseas spending

Foreign Exchange Fee

3% on Mastercard

Overseas charges

Overseas charges

$2.5

Estimated ATM Cost

-

Rewards

Program name

Rewards Available

Eligibility

Minimum age

18

Minimum income

$0

Eligibility conditions

You have a regular, verifiable income

Residency

Australia Citizen, Permanent Resident

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Perks

  • FREE SUPPLEMENTARY CARDS
Specials
  • Cashback Get $400 Cashback when you take out a new Low Rate credit card
    You get a $400 cashback when you take out a new Low Rate Credit Card and spend $4k on eligible purchases within 120 days of new card approval. Eligibility criteria and T&Cs apply + FYFW - Reverts to $59 in second year.

Target Market Determination

Visit Westpac to view Target Market Determination.

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