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Discontinued: Westpac Low Fee Platinum Credit Card
Discontinued: Westpac Low Fee Platinum Credit Card

Westpac Credit Cards

Discontinued: Westpac Low Fee Platinum Credit Card

Updated 25 August 2021

This card is no longer available for application. This information has been left for those who still have the card or were previously interested

Pay $0 annual fee in the first year - save $90 and get one free additional card holder. You can avoid paying an annual fee every year after, when you spend $10,000 or more on purchases each year. Complimentary Overseas Travel Insurance cover for up to six months on return trips. T&Cs apply.

Purchase Rate (p.a)

20.09%

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 $90 p.a.

$0 over 12 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • $0 annual fee in the first year - save $90
  • Annual fee waived subsequent years if spend is $10,000+ p.a.
  • Credit limits from $6,000
  • Overseas Travel Insurance cover for up to six months on return trips
  • Purchase security insurance cover protects against loss, theft or accidental damage over a wide range of new personal goods for up to four months
  • Extended warranty insurance, extending the Australian manufacturer's warranty on new personal goods by up to 24 months

  • High standard interest rates

Creditcard.com.au review

Editor Review

Discontinued: Westpac Low Fee Platinum Credit Card

Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt. about this card.

The Westpac Low Fee Platinum credit card

Trust us, we know credit cards. We know that some people simply need a low cost card with minimal features, just as we know that for some folks, only platinum will do.

If you love platinum plastic with plenty of prestige features, the Westpac Low Fee Platinum Credit Card may well be worth a second look. Not only does it currently have a no annual fee offer, it also provides a dizzying array of features and extras designed to tickle your platinum-loving fancy.

Want to find out more? Let’s take a closer look to see if this platinum offering from Westpac is indeed for you.

What we love...

When it comes to platinum cards, you expect a few platinum extras. Happily, this card is packed with them. You have access to a full suite of complimentary insurances on offer. These include overseas travel insurance, purchase security insurance and extended warranty insurance, plus some other extras that we’ll get to a bit later.

With all that, you’d expect to pay big in annual fees. Not so with this card. In fact, if you apply now, you will pay no annual fee in the first year, saving you $90. While $90 is certainly acceptable within the platinum card range, it’s nice to know that you can have it waived when you spend $10,000 or more on purchases each year.

What’s not so great...

Some cardholders may also not be too enamoured with the card’s purchase rate, but this can be avoided by paying off the balance in full each month.

Why should you choose this card?

The main reasons for choosing the Westpac Low Fee Platinum Credit Card would have to be its introductory offer on annual fee, plus its host of platinum features.

But, if you’re not quite sold yet, here’s what else is on offer. As a cardholder, you can enjoy up to 55 days interest free on purchases, one free additional card holder, and a high maximum credit limit of $50,000, subject to eligibility.

Overall Rating

A platinum card with impressive features, currently offering no annual fee for the first year.

User reviews

Discontinued: Westpac Low Fee Platinum Credit Card ( based on 14 Creditcard.com.au user reviews )

66% rating based on 14 reviews

Rates
Fees
Rewards
Customer Service
Value
43%

Creditcard.com.au Visitor

11 September 2016

allthough first year fees is 0, the subsequent years fees will be zero if you spend 10k more than previous year.. expenses will not increase by 10k for any customer year on...so this is one of the tricky way to get people to pay for fees...(my estimate is only 5-10% people will be eligible for 0 fees for next year...although they will have to pay year after that)

Does not recommend this card
68%

Bruce Langham

28 January 2013

For a platinum card the westpac 55 day platinum is actually quite cheap. The annual fee is reasonable, and if you spend over a certain amount its free. It has a good purchase offer, but the balance transfer is maybe not so good. You can earn points in most places and the online rewards site is easy to use.

Recommends this card

Rates and fees

Interest rates



Purchase rate 20.09% p.a.

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

Brands you can't balance transfer from Westpac

Credit limits

Minimum credit limit $6,000

Maximum credit limit $50,000

Fees & repayments

Annual fee $90 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)

Annual fee the first year $0

Cash advance fee 3%

Late payment fee $15

Additional features

Complimentary insurance

International Travel Insurance Yes - up to 6 months

Flight Inconvenience Insurance Yes

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance Yes

Extras

Annual fee waived subsequent years if spend is $10,000+ p.a.

Overview

Discontinued: Westpac Low Fee Platinum 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

  • Purchase rate of 20.09% p.a.
  • $0 annual fee in the first year - save $90. And no annual fee every year after, when you spend $10,000 or more on purchases each year. Standard $90 annual fee.
  • Minimum credit limit of $6,000
  • Up to 55 days interest free each month
  • Overseas Travel Insurance cover for up to six months on return trips
  • Purchase security insurance cover protects against loss, theft or accidental damage over a wide range of new personal goods for up to four months
  • Extended warranty insurance, extending the Australian manufacturer's warranty on new personal goods by up to 24 months

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

  • Minimum income of $30,000 p.a.

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

Pauline

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

Recently Asked Questions

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

93 questions (showing the latest 10 Q&As)

Arthur Farmer

Arthur Farmer

4 August 2021
I have an Ignite credit card and I nrecieved a renewal card for a mastercaed low fee credit card. I want to keep my Ignite master card which expires in 01/23 and has no fees ever so why should Ichange
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 August 2021
    Hi Arthur, sorry to be the bearer of bad news but the Westpac Ignite card has been discontinued. Perhaps Westpac were just getting a head start of your card expiry so you're not without a credit card. If you’re not interested in your Westpac options, you can start comparing no annual fee credit cards. If you don’t want to pay any fees ever, make sure you watch out for cards that have an annual fee after the first year. Let us know how you go!
jose moreira

jose moreira

25 September 2020
Hello Team, I understand that our credit cards have been cancelled on the 20th of September and the new Master Cards been posted to my address. However as we are stuck in Europe due to Covid 19 and not sure when we will return to Australia my son has posted them to us about 4 weeks ago registered but due to Covid 19 we have learned that the cards are still at the Post Office depot at the airport. My question is; when we receive the cards eventually (if ever) can we still activate them or do we have a time frame since they have been issued? Thanking you, Jose'
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 September 2020
    Hi Jose, sorry to hear you are stuck in Europe. I think it could be a concern on the timeframe. Though you would need to see how it goes when you actually get them. I would wait until you receive. Then see how it goes when you try to activate, it could be all good. Then from there you can reach out to Westpac credit card customer service if any issue.
Maurie

Maurie

29 April 2020
Hello Team, I see your cancelling our present credit card to Low Fee Platinum Mastercard account. Although the new MasterCard has the catchy "Low Fee" attached to it, I see there is nothing changes between the present card I have and the new MasterCard. Rates and charges on change slightly and with this Nes card I now see you intend to charge me an annual fee of $90 after the first twelve months. Again we see the banks up to their old tricks of trying to "mask" what they offer by slightly changing the label. I did not see anywhere in your 'sell" of the Low Fee Mater Card where it says as a pensioner you will NOT be charging us the $90 annual fee after twelve months. I don't pay it now under the present card. Be assured I would expect better rates al round as a pensioner and unless I have a guarantee of better rates in writing, be assured, I will have no hesitation is changing backs, selling all my Wespac shares and going to another bank.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 April 2020
    Hi Maurie, banks are businesses. They are out for shareholder profits. You always need to shop around to get the best deal for you. Though as a pensioner it can be harder to get approved for credit. Especially with the current COVID-19 situation. Before you cancel your Westpac card. I suggest you reach out to them and see if they can waive the annual fee for you. Additionally I would apply for any new credit card first. Just to make sure you get it before cancelling.
sward@internode.on.net

[email protected]

23 April 2020
Des the Westpac Low Fee Platinum Mastercard. have pay wave?
M Ford

M Ford

2 February 2020
cost of a second card for my wife
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 February 2020
    Hi M, you get one free additional card holder with this Westpac Low Fee Platinum
clotilde

clotilde

18 November 2019
when we travel around in australia we cover the insure
Ingrid Mentzel

Ingrid Mentzel

2 August 2019
I am 1 day late paying off last months full outstanding balance on my Westpac platinum credit card, what will I be charged?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    5 August 2019
    Hi Ingrid, if they charge you a late payment fee, it is $15 with this card.
Aveen

Aveen

3 June 2019
Can you balance transfers to the Westpac Low Fee Platinum credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    3 June 2019
    Hi Aveen, the Westpac Low Fee Platinum does not currently have a balance transfer offer. How much debt are you looking to transfer and from what card(s)?
Warren Middleton

Warren Middleton

23 February 2019
I an going to the US for a three month holiday. I have a Platinum Visa card. Will the complimentary Travel Insurance be sufficient coverage.
Abbie Murray

Abbie Murray

18 February 2019
I have a 55 day platinum reward cresot card with westpac and am traveling overseas to Sri Lanka next week. I just want to confirm that I will have full free travel insurance for this trip l? Many thanks, Abbie Murray
Ernest

Ernest

11 February 2019
Does the travel insurance include the cost of return to home city in case of medical emergency?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    12 February 2019
    Hi Ernest, I have found a PDF on the Westpac site that details the insurance with the 55 Day Platinum credit card - https://www.westpac.com.au/docs/pdf/pb/credit-cards/consumercards_complimentaryinsurancepolicy.pdf. I have checked through and expenses for emergency evacuation to Australia or another country, if the local medical services are inadequate or not available. The evacuation must be authorised and arranged by Allianz Global Assistance (refer to ‘Emergency and medical services whilst overseas’ in this document for contact details). I would confirm with Allianz to see whether you are happy with the level of insurance.
Clifford Barker

Clifford Barker

7 February 2019
Thank you ,Roland for you reply to our question re age limits for the Westpac 55day Platimum credit card. What would be the situation for a couple of 78 years and 81years. We have held a regular westpac 55day Altitude VisaPlatinum card for many,many,many years
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 February 2019
    Hi Clifford, if all other eligibility is met. I would think that the 78 year old could be covered. Whilst the 81 year old would not. I would reach out to the insurer directly. There may be a small fee possible to get covered. They also may not cover people over 80 full stop. Though I think its worth confirming.
Cliff

Cliff

6 February 2019
are there age limits with travel insurance when using this card overseas or domestically/

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