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Westpac Low Fee Credit Card
Westpac Low Fee Credit Card

Westpac Credit Cards

Westpac Low Fee Credit Card

Updated 7 May 2021

The Westpac Low Fee credit card gives you a $0 annual fee in the first year, and in subsequent years when you meet the $5,000 annual spend requirement. Other standard features include up to 55 days interest free on purchases and the convenience of Tap & goTM using your Mastercard®.

T&Cs apply. Offer ends 7 September 2021

Purchase Rate (p.a)

0% p.a.

for 15 months. Reverts to 20.09% p.a.

Balance Transfer (p.a)

6.99% for 12 months No balance transfer fee.
Reverts to 21.49% p.a.

Annual Fee (p.a)

$0 first year. Then $30 p.a.

$0 over 12 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • $0 Annual card fee in the first year
  • Low standard annual fee of $30 p.a.
  • No annual fee every year after when you spend $5,000 or more on purchases each year.
  • 0% p.a. on purchases for 15 months. Reverts to standard purchase rate of 20.09% p.a.
  • 6.99% p.a. for 12 months on balance transfers requested at card application. No balance transfer fee.

  • High standard purchase rate of 20.09% p.a.

Creditcard.com.au review

Editor Review

Westpac Low Fee Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Westpac Low Fee Credit Card

Marketing itself on the fact that it offers up to 55 days interest free on purchases, the Westpac Low Fee Credit Card is a basic credit card with one very enticing introductory offer. New cardholders benefit from $0 annual fee for the first year.

What we love...

Giving you the opportunity to save big on interest, the Westpac Low Fee Credit Card is currently offering 0% p.a. on purchases for up to 15 months. All you have to do to take advantage of this offer is apply and be approved by 7 September 2021.

If you need to transfer debt over it comes with 6.99% p.a. for 12 months on balance transfers requested at card application. You can transfer a minimum of $200 up to a maximum of 80% of your approved credit limit. While this offer gives you a good time to pay down your transferred balance, be aware that anything left unpaid at the end of the 6 month period will revert to the card’s cash advance rate.

If you are unsure of your ability to keep to a repayment schedule, Westpac’s SmartPlan tool may be able to help. With SmartPlan, you can apply a manageable repayment plan to your balance transfer (or any outstanding purchase or cash advance), which could make it easier for you to pay off your credit card balance within a set period of time.

SmartPlan could be a great option for paying down a balance transfer, but it may also be useful if you purchase a big ticket item on your Westpac Low Fee Credit Card. You can start and stop the SmartPlan whenever you need, and you can use SmartPlan to track and manage as many as eight separate credit card balances or large purchases at once.

What’s not so great…

As mentioned previously, if you are unable to clear the transferred balance within 12 months, the remaining amount will accrue interest at the higher cash advance rate.

In general, the Westpac Low Fee Credit Card has a relatively high rate of interest on purchases and cash advances.

Why should you choose this card?

As a new cardholder, you will pay no annual fee in the first year. In following years, the card’s standard annual fee will be waived, as long as you spend $5,000 on the card within that 12 month period. The card also offers basic features, like the ability to lock your card if you misplace it, to set up auto-payments, and to use a Mobile Wallet and leave your card at home.

Overall Rating

Providing all the basic features you need on a simple, no frills credit card, the Westpac Low Fee Credit Card’s big incentive is its offering of $0 annual fee for the first year.

User reviews

Westpac Low Fee Credit Card ( based on 5 Creditcard.com.au user reviews )

83% rating based on 5 reviews

Rates
Fees
Rewards
Customer Service
Value
98%

Quietly_Satisfied

3 June 2020

Have had this type of Westpac card for many years. One thing is that Westpac do not keep you notified of the running year to date total of the amount you have spent on your card. Thus you are never sure where you are with respect to meeting the $5000 amount on time.

Recommends this card
72%

Creditcard.com.au Visitor

28 January 2013

0% on purchases 5 months. If you want to do the balance transfer thing make sure you know if you don’t pay it off it will go to the cash advance rate which is pretty high. Low annual fee. Good card.

Recommends this card

Rates and fees

Interest rates



Purchase rate 20.09% p.a.

Introductory purchase rate 0% p.a. for 15 months

Cash advance rate 21.49% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 6.99% p.a. for 12 months

Balance transfer revert rate 21.49% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

Balance transfer limit 80% of approved credit limit

Banks you can't balance transfer from Westpac

Credit limits

Minimum credit limit $500

Maximum credit limit $50,000

Fees & repayments

Annual fee $30 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 2% or $10, whichever is greater

Annual fee the first year $0

Cash advance fee 2% or $2.50, whichever is greater

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 Fee Credit Card

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 of account (not the full closing balance) by the relevant payment due date.

Key features

  • $0 Annual card Fee in the first year. And no annual fee every year after, when you spend $5,000 or more on purchases each year.
  • 0% p.a. on purchases for 15 months. Reverts to standard purchase rate of 20.09% p.a.
  • 6.99% p.a. for 12 months on balance transfers requested at card application. No balance transfer fee.
  • Up to 55 days interest free
  • 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

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia. Temporary residents are eligible.

  • Minimum income of $30,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

15 questions (showing the latest 10 Q&As)

osama

osama

12 March 2021
Hello Roland, Is government fees/visa fees constituted as a purchase?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 March 2021
    Hi Osama, while it doesn't specify for this Low Fee Credit Card specifically. For other Westpac cards, eligible purchases exclude: interest, fees and 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 from the card account. I hope that helps.
chloe

chloe

6 February 2021
so if i was to not make a purchase in the 15 months is there any other costs? and what about future cancelations? is there a minimum time period to have the card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    10 February 2021
    Hi Chloe, If you were to not make a purchase in the first 15 months, you would have to pay the annual card fee of $30. In order to be eligible for the $0 annual fee, you have to spend at least $5,000 over the course of the year. In terms of cancelling this card, or any credit card, there is no minimum amount of time you must have it before cancelling. Please keep in mind, however, that each time you apply for a credit card it leaves a mark on your credit file and having too many enquiries could hurt your chances of being approved for a card or loan in the future.
Gerry Cook

Gerry Cook

27 January 2021
I have had for many years, a No Fee Credit Card. As aged pensioners we only use this card for on line purchasers. Cash is deposited to this account when needed to cover costs. At no time do we use the credit. It is inconvenient for us to have to notify our 8 regular purchasers, having only recently received an updated card. Is it possible for us to retain the card we have. Thank you.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    27 January 2021
    Hi Gerry, if the account is still active. Then you should have no problem using it. If you are close to a branch. Pop in and see customer service for any assistance.
Alessandro

Alessandro

25 September 2020
Just to clarify, if I make a purchase for let’s say $5000 soon after I get this card, I won’t have to pay any interest on this purchase for 15 months from the moment the card is activated....did I understand this correctly?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 September 2020
    Hi Alessandro, you wont pay interest on purchases until post the 15 months from card approval. Any purchase balance that remains at that time. Will switch over to the current purchase rate. So you need to ensure you pay your balance off in full or look to a balance transfer at that time.
Mouhamad

Mouhamad

13 May 2020
Roland gdmorning &thx u for ur time replying on my question
Mouhamad mrad

Mouhamad mrad

12 May 2020
How quick will I get the credit card ,will I be able to activate it online and used straight awY ?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    13 May 2020
    Hi Mouhamad, you will need to physically get the card. Then activate it, before you can use it. It typically will take 5-10 business days to process and receive.
Mary Louka

Mary Louka

12 February 2018
Is there rewards points on purchases? Is there any fees for additional card holders?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 February 2018
    Hi Mary, no rewards points earning with this card. There is no fee for an additional card holder.
Anna Mitchell

Anna Mitchell

17 January 2017
Can you email me an application form please to fill out thank you Anna Mitchell.
Anna Mitchell

Anna Mitchell

16 January 2017
How do I apply on line for this credit card thank you Anna Mitchell.
Stephanie Joanne garnaut

Stephanie Joanne garnaut

16 January 2017
Good morning.my credit history has not been great but I'm looking into getting a credit card.I've been working now for two years and would like to achieve a better rating.what are my chances of getting a credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    17 January 2017
    Hi Stephanie, without good credit it is difficult to be approved for a credit card in Australia. What I would do is speak to your everyday bank where your pay is deposited. See if they can offer you a card with a small balance as a starting point. Then you can grow from there.
Patrick Mcneill

Patrick Mcneill

30 December 2016
Am i able to apply for a card ?, if so where do i go for aplication form.
Allan

Allan

27 May 2015
What is the maximum balance transfer amout.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    27 May 2015
    Hi Allan - it all relates to your credit limit your are approved for. This product has a minimum limit of $1,000 and a maximum of $30,000. You will be assigned a credit limit based on your personal history / income less expenses. If you are looking for a balance transfer from Westpac, may I suggest the Westpac Low Rate product which has 0% for 16 months on the balance transfer. If you are looking for a no annual fee balance transfer, then check out our no annual fee section. If you are keen on this Westpac 55 day product, word on the street is that this product offer is being updated next week which a much stronger balance transfer, therefore check back on the site next Thursday.
Amy Forbes

Amy Forbes

30 March 2014
Does this allow an additional card holder i.e. spouse?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    31 March 2014
    Hey Amy, you can add one additional cardholder (16 years or older) at no extra cost on this 55 day credit card
greg

greg

11 March 2014
can a age pensioner apply for this card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 March 2014
    Hi Greg, if you meet the general application criteria as listed on the right side of this page and that you have a reasonable debt-to-assets ratio, you can apply for this credit card. However, Westpac may have varying lending criteria for pensioner applications. Check out our page on credit cards for pensioners for a breakdown on what the big banks will generally require on pensioner credit card applications.
stephen whale

stephen whale

15 June 2013
How long after i get this westpac 55day classic cc can i increase my credit limit?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    17 June 2013
    Hi Stephen, there's no 'hard and fast' rule around this, but if you opt in to receive credit limit requests (you can do so in online banking or by contacting the bank) you will automatically receive reminders on a regular basis. It is a good idea to consider all your options before increasing your credit limit, so if necessary seek financial advice first or talk to other lenders. Hope that helps.

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