- No fees when you don’t use the card
- No interest charges
- No late payment fees
- No foreign transaction fees
- Access to Westpac Extras and Rewards
The Westpac Flex works similarly to Buy Now Pay Later (BNPL) products such as Afterpay, where you make fixed repayments to your balance over a set period of time. You can choose whether to make the repayments monthly or fortnightly. If you want to pay more you can do that too.
If you’re approved, you’ll also get an instant card in your digital wallet that you can use with Google Pay, Apple Pay, Samsung Pay, Garmin Pay and Fitbit.
If you’re a savvy online shopper, you’ll also love no foreign transaction fees, but the low credit limit may not be great for travellers.
If you’ve been using other BNPL services and want to start building your credit history this card could be for you. Services like Afterpay don’t affect your credit, so keeping up with your payments won’t help your score. But if you miss a payment your score can be negatively affected.
With the Westpac Flex your payment history is recorded, which can be great for your credit score. The Flex Credit Card lets you set up auto-repayments to the minimum monthly repayment too, so you don’t have to worry about remembering to pay your balance.
Also, you’ll join the Westpac Extras and Rewards program which gives you access to special offers, discounts or cashback in your account.
You will only pay a fee with this card if you have an outstanding balance, which is a $10 monthly fee. You can avoid all fees by repaying your balance in full and making repayments on time. You also won’t be charged for spending in a foreign currency on this card which makes it a great option to shop online.
The Flexi Card only comes with a low credit limit of $1,000, but if you’re making small purchases this card could be a viable alternative to the BNPL offers in the market. If your balance is $0 there are no fees, but you will be charged a $10 monthly fee when you have an outstanding balance.
If you are looking for a low cost, no-frills credit card, this is a good option for you. You can also benefit from Westpac Rewards when you spend. However, there is not much to differentiate this card from other no interest credit cards, like the NAB Straight Up and the CommBank Neo. It will come down to your rewards program preference.
Purchase rate 0% p.a.
Cash advance rate N/A
Interest free period on purchases N/A
Minimum credit limit $1,000
Maximum credit limit $1,000
Annual fee $0 p.a.
Additional cardholder fee N/A
Foreign transaction fee 0
Minimum repayment 2% or $10 whichever is greater (personal); 3% or $10 whichever is greater (business); $40 (Westpac Flex)
Cash advance fee N/A
Late payment fee $0
Rewards Program N/A
Bonus points N/A
Annual points cap uncapped
Bonus points spend criteria N/A
Points cap per month N/A
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
Be over 18 years old
Good Credit and have not applied for multiple credit cards recently
You must be an Australian citizen or have a permanent residency visa
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 8 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
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