- Limited-time offer: Get up to $350 cashback – $50 cashback for each month you spend $1,000 or more on eligible purchases for 7 consecutive statement periods.
- Low rate of 13.74% p.a. on purchases.
- Free additional cardholder.
- Add your card to Apple Pay, Google Pay and Samsung Pay digital wallets.
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Westpac Credit Cards
Westpac Low Rate Credit Card – Cashback Offer
Updated 8 July 2025
Simple but slick, the Westpac Low Rate - Cashback Offer card gives you up to $350 cashback 💰 - $50 cashback for each month you spend $1,000 or more on eligible purchases for 7 consecutive statement periods.
You can earn more cashback through ShopBack, and get a low ongoing purchase rate of 13.74% p.a. and a free additional cardholder.
Purchase Rate (p.a)
13.74%
Annual Fee (p.a)
$59
Pros and cons
- The cashback offer isn’t available to current Westpac customers or those who’ve held a Westpac credit card in the last 12 months
Creditcard.com.au review
Editor Review
Westpac Low Rate Credit Card – Cashback Offer
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
Overall rating
This is an uncomplicated card with a low credit limit, low annual fee and low interest rate on purchases. It won’t come with loads of extras (in fact I just listed most of them), but offering up to $350 cashback earns it some big Brownie points.
| ⭐ Westpac has two introductory offers on its low rate card: here, we’re reviewing the cashback offer. You can also choose a balance transfer offer of 0% p.a. for 24 months (with a 2% fee) rather than the cashback. You can see our review for the balance transfer version here. |
What I love about the Westpac Low Rate - Cashback Offer card
What can $59 get you? 2 movie tickets, or about 10 bananas, or this credit card per year. This is a card that’s all about low rates and it does that credibly.
So, here’s how the cashback works, and some of the other basic but helpful extras.
Cashback: The $350 cashback is broken up into $50 for each month that you spend $1000 on eligible purchases for 7 consecutive statement periods. The credit is debited to your account within 90 days of meeting the $1000 minimum spend criteria.
The card's PDS says that eligible purchases are those outside of: "interest, fees, charges, cash or ATM cash advances, cash equivalent transactions, gambling transactions, a purchase from or payment to a local, state or federal government or government related agency, BPAY or similar transactions (such as Post Billpay), refunds and balance transfers debited to the card account."
Low interest: The interest rate on your purchases is 13.74% p.a., which is much lower than the average 20%. It’s a cheaper rate but it’s still better to pay off your card within the 55 days interest-free if you can.
Bonus cashback: You can earn more cash back and great deals when you link your card with Shopback via the Westpac app and purchase from one of Shopback’s 4000+ partner brands. Brands include big names like The Iconic, Amazon and eBay.
Pay in instalments: Westpac offers a PartPay feature that lets you split purchases over $1000 into 4 smaller payments over 6 weeks. You can also use SmartPlan, which offers a lower interest rate on big purchases.
Extra cardholder: You can add one cardholder at no extra cost.
Westpac also has a decent app and some neat security features like Dynamic CVC, where the 3-digit code for digital transactions changes every 24 hours for extra fraud protection.
What’s not so great
It’s hard to get picky with a basic card because there just aren’t enough features to pull apart. First I’d say the low interest rate is great, but be careful of accidentally racking up the debt. Interest is still interest.
It has a high cash advance rate of 21.99% p.a., so avoid withdrawing cash (which is a general guideline for credit cards anyway).
The cashback offer isn’t available to current Westpac customers or those who’ve held a Westpac credit card in the last 12 months, or if you apply under the Westpac Premier Advantage Package. Also remember the cashback is dished out over 7 months, so don’t lose steam and forget to meet the spending requirements as time goes on.
Who suits the Westpac Low Rate - Cashback offer
This is a simple card that focuses on low interest rates and low annual fees, but earning up to $350 for 7 consecutive statement periods is a great deal-sweetener.
It’s a good fit for first-time cardholders to try out the world of credit, and those who tend to pay interest each month. It could also suit you if you’re savvy about using sign-up bonuses to your advantage.
User reviews
Rates and fees
Interest rates
Purchase rate 13.74% p.a.
Cash advance rate 21.99% p.a.
Interest free period on purchases up to 55 days
Credit limits
Minimum credit limit $500
Maximum credit limit N/A
Fees & repayments
Annual fee $59 p.a.
Additional cardholder fee $0 p.a.
Foreign transaction fee 3%
Minimum repayment 2% or $10 whichever is greater (personal); 3% or $10 whichever is greater (business); $40 (Westpac Flex)
Cash advance fee 3%
Late payment fee $15
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Overview
Westpac Low Rate Credit Card – Cashback Offer
As a cardholder, you’ll get up to 55 days interest-free on purchases and the convenience of contactless Tap&Go technology. With no minimum income requirement, this card is definitely appealing.
Disclaimer: The interest-free period is the maximum number of days during which interest is not charged on new purchases. If your account has an interest-free period for purchases, to be entitled to that interest-free period, you need to pay off the “monthly payment balance” listed on your statement (not the full closing balance) by the relevant payment due date.
Key features
- Get up to $350 cashback – $50 cashback for each month you spend $1,000 or more on eligible purchases for 7 consecutive statement periods.
- Low rate of 13.74% p.a. on purchases
- Up to 55 days interest-free on purchases
- Free additional cardholder
- Tap & go quickly and easily using your Mastercard
- Access to SmartPlan which helps you structure your credit card repayments by breaking them down into regular monthly instalments
Minimum criteria to apply for this card
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Be over 18 years old
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Good Credit and have not applied for multiple credit cards recently
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Australian citizen or permanent resident; non-resident or migrant and hold an acceptable Visa, with a min 1 year before expiry
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Minimum income of $30,000 p.a.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question30 questions (showing the latest 10 Q&As)
I have a good score with clear score + wonder if that is enough to apply for a credit card with Westpac
Hi Denise, as I checked the site, I saw that the requirements include having a good credit score and a minimum annual income of $30,000. However, a good credit score isn’t everything that’s taken into consideration. There’s other things like other loan commitments, any other credit cards you have, whether you have a BNPL account, just to name a few. If you think you meet the criteria, you may be eligible to apply for the card. For more detailed information, you can contact Westpac directly at 132 032.
Another question.
Pauline, are there credit card companies that recognise overseas income?
Thanks.
Roy
Hi again Roy! I've written a blog that outlines the pension eligibility for a few of the main banks that might help. If you don't see the bank you're looking for on the list, just google the name of the bank and "pension eligibility criteria". You should find some information on what they consider to be pensioner income. Thanks Roy!
Hi Pauline,
Are there any credit cards for pensioners that do not have an annual fee?
Thank you.
Roy McDonnell
Hi Roy, there are no specific cards for pensioners, but cards with no annual fee are a good choice because they often have lower eligibility criteria. You can see a selection of cards with no annual fee here, or else we've also compiled a few cards that could be a good fit if you're on a pension. I hope those help!
I am a age pensioner with regular income less than $30,000p.a. Can I still apply for the Westpac Low Rate Credit Card?
Hi Kim, I get a fair amount of questions on this topic so I did a deep dive into the topic. You can read my guide to credit cards for pensioners. I’ve listed out the requirements from the main institutions in Australia. Westpac state:
“If you’re applying for a Westpac credit card as a retiree, you’ll need to supply one of the following documents:
Bank statements covering the last 3 months showing superannuation/annuity/investment deposits received (including Commonwealth Superannuation)
A copy of your SMSF’s Annual Investment Statement that’s less than 18 months old
Your most recent ATO Notice of Assessment (less than 18 months old)
Your most recent Superannuation Annual Investment statement
“
Hope that helps Kim!
I’m buying a cheap car $2500 - $3000 therefore was thinking maybe a $4000 credit card. Does this make sense or I’d be better with car finance?
Hi Sabina, you could look at low interest rate cards and compare the rates to personal loans. You could also look at cards with 0% purchase offers, which means you won’t pay interest for a promotional period. Some of those even have no annual fee. Good luck!
I am looking or a credit card with balance transfer. Which card will be available for me with a minimum of $3000?
Hi Ambily, you can consider comparing a range of balance transfer credit cards and reading our expert reviews. Hopefully this will help you decide on one that suits you best. Even though you can request a credit limit at application, the credit limit the card issuer may approve you for is different to the one you requested. Hope that answers your question!
Want to apply for this low rate credit card please.
Hello Chantelle, at the moment, we don’t have a current partnership with the Westpac Low Rate Cashback card. However, you can still apply for the card by visiting their website. In the meantime, you might want to consider looking into other credit cards with low interest rates for alternative options
I would like to apply for a Westpac Credit card
Hi Tracey, we don’t have an active partnership to a Westpac card but you can visit their official website to start your application.
I am looking to get a credit card and wondering if you offer these to non residents?
I am on a bridging visa waiting for a year long covid visa and have been in Australia 4 years.
Would I qualify?
Hi Sarah, this depends on what type of visa you are currently on. If you’d like to drill down into each of the providers, we’ve gone through the visa requirements for some of the bigger providers. Anecdotal evidence suggests it’s best to call a provider and chat through your options. Some cards have higher annual income requirements for visa holders, and others require you to have a certain amount of time left. Let us know how you go!
is the purchase of things like gift cards (through a gift card portal) count as an eligible purchase for this deal? What about direct debits for things like Foxtel or Optus NBN etc?
Hi Souths, gift cards are generally charged as a cash advance on credit cards, which means it’s not an eligible purchase. If you set your Foxtel and Optus transactions to be processed as a credit card transaction, it should be an eligible purchase. You should check with Westpac to confirm before processing your transactions.
Mark
1 July 2025When you pair the cashback with the CashRewards program it's a good combination
Recommends this card