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Westpac Low Fee Platinum credit card

14 reviews

Apply by 2 April 2019

Purchase rate

19.84% p.a.

Balance transfer

N/A

Annual fee

$0 first year
0% Complete (success)
then $90

Pros

High standard credit limit

Wide range of complimentary insurances

Complimentary concierge

Up to 55 days interest free

No annual fee the first year -save $90

$0 annual fee in subsequent years when you spend $10,000 or more on purchases in each 12 months from the date of the first transaction on your account

Cons

No points earning

High standard interest rates

Westpac Low Fee Platinum credit card

The Westpac Low Fee Platinum credit card gives you access to a complimentary platinum concierge, your own personal assistant, 24/7, worldwide and a complete suite of complimentary insurance cover, including overseas travel insurance, purchase security insurance and extended warranty insurance. Get one free additional card holder and pay $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. Offer ends 2 April 2019.

Key features

  • Purchase rate of 19.84% 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
  • High Maximum Limits of up to $100,000
  • 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
  • Rates
    63%
  • Fees
    67%
  • Rewards
    N/A
  • Customer Service
    67%
  • Value
    65%
64% of customers who have rated this card would recommend it
Overall customer rating 65%
14 reviews

35% 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

70% 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

Interest Rates
Purchase rate 19.84% p.a.
Cash advance rate 21.29% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Credit limits
Minimum credit limit $6,000
Maximum credit limit $100,000
Fees & repayments
Annual fee $90 p.a.
Annual fee first year $0
Additional cardholder fee $0 p.a.
Cash advance fee 2%
Foreign transaction fee 3%
Minimum repayment 2%
Late payment fee $15
Credit card type Mastercard
Complimentary insurance
Overseas travel insurance yes - up to 6 months
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance Yes
Rental vehicle excess cover No
Extras
Annual fee waived subsequent years if spend is $10,000+ p.a.

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. First up, you have access to a complimentary platinum concierge, who will act as your very own personal assistant, available 24/7, worldwide.

On top of that is the 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 $100,000, subject to eligibility.

Overall Rating

A platinum card with impressive features, currently offering no annual fee for the first year. Offer ends 2 April 2019.

85 questions (showing the latest 10 Q&As)

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/
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Resident or citizen of Australia
  • Minimum income of $50,000 p.a.
  • You have your personal details ready to complete the online application
Westpac Low Fee Platinum credit card
Westpac Low Fee Platinum credit card

Westpac Credit Cards

Westpac Low Fee Platinum credit card

14 March 2019

Apply by 2 April 2019

Purchase Rate (p.a)

19.84%

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$0 first year. Then $90 p.a.

$0

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Westpac Low Fee Platinum credit card

The Westpac Low Fee Platinum credit card gives you access to a complimentary platinum concierge, your own personal assistant, 24/7, worldwide and a complete suite of complimentary insurance cover, including overseas travel insurance, purchase security insurance and extended warranty insurance. Get one free additional card holder and pay $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. Offer ends 2 April 2019.

Key features

  • Purchase rate of 19.84% 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
  • High Maximum Limits of up to $100,000
  • 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

Customer Reviews

Westpac Low Fee Platinum credit card

65% rating based on 14 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates & Fees

Interest rates

Purchase rate 19.84% p.a.

Cash advance rate 21.29% p.a.

Interest free on purchases up to 55 days

Credit limits

Minimum credit limt $6,000

Maximum credit limit $100,000

Fees & repayments

Annual fee $90 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 2%

Annual fee the first year $0

Cash advance fee 2%

Late payment fee $15

Additional features

Complimentary insurance

Overseas travel insurance yes - up to 6 months

Flight inconvenience insurance No

Transport accident cover No

Smartphone Screen Insurance No

Purchase protection insurance Yes

Extended warranty insurance Yes

Rental vehicle excess cover No

Extras

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

Our Review

Editor Review

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. First up, you have access to a complimentary platinum concierge, who will act as your very own personal assistant, available 24/7, worldwide.

On top of that is the 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 $100,000, subject to eligibility.

Overall Rating

A platinum card with impressive features, currently offering no annual fee for the first year. Offer ends 2 April 2019.

Pros

  • High standard credit limit
  • Wide range of complimentary insurances
  • Complimentary concierge
  • Up to 55 days interest free
  • No annual fee the first year -save $90
  • $0 annual fee in subsequent years when you spend $10,000 or more on purchases in each 12 months from the date of the first transaction on your account

Cons

  • No points earning
  • High standard interest rates

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 $50,000 p.a.

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

Customer reviews

35%

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
70%

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
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 Question

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

85 questions (showing the latest 10 Q&As)

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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