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Westpac Low Rate Credit Card – Cashback Offer
Westpac Low Rate Credit Card – Cashback Offer

Westpac Credit Cards

Westpac Low Rate Credit Card – Cashback Offer

Updated 19 March 2024

Simple but slick, the Westpac Low Rate credit card gives you up to $350 cashback 💰 when you apply and are approved for a new card by 31 July 2024 – $50 cashback for each month you spend $1,000 or more on eligible purchases in the first 7 months from card approval. Plus, you'll get a low ongoing purchase rate of 13.74% p.a. and a free additional cardholder.

Purchase Rate (p.a)


Balance Transfer (p.a)


Annual Fee (p.a)


$0 over 12 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • Get up to $350 cashback – $50 cashback for each month you spend $1,000 or more on eligible purchases in the first 7 months from card approval.
  • Low rate of 13.74% p.a. on purchases
  • Free additional cardholder
  • Tap & goTM quickly and easily using your Mastercard®

  • You can't transfer loan balances - up to 3 credit card or store card balances only review

Editor Review

Westpac Low Rate Credit Card – Cashback Offer

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

The Westpac Low Rate Credit Card - Cashback offer

No-frills cards are a good opportunity for having a simple, inexpensive credit card for everyday use, emergencies, and getting started when you're building a credit history. The Westpac Low Rate card is definitely a basic card, but if you're after something simple that keeps costs down - and actually pays up to $350 cashback if you meet the criteria - this card is pretty neat.

What I love about the Westpac Low Rate credit card...

One of the Low Rate card's big features is its low purchase rate, which is the interest you're charged on the thing you buy. This card has a 13.74% p.a. purchase rate, which is one of the lowest in the market. The low rate makes it a good choice if you're someone who needs access to credit but has trouble paying it off within the interest-free period.

The highlight of the Westpac Low Rate card is its promotional $350 cashback offer. The cash back is broken up into $50 for each month that you spend $1000 on eligible purchases within 7 months of being approved for your card. You'll receive the $50 as a credit to your card within 60 days of meeting the $1000 minimum spend criteria. The cashback offer ends 31 July 2024.

As a side note, the card's PDS says that: "Eligible purchases do not include 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."

You can also add one cardholder at no extra cost, and sync the card with Apple Pay, Samsung Pay and Google Pay. Westpac has the most fee-free ATM locations than any of the 4 major banks; you'll be able to withdraw cash from over 7000+ ATMs around Australia.

What’s not so great...

It's very important to know that the cashback offer isn't available if you're already a Westpac credit card customer, or you've held a Westpac credit card in the last 12 months.

Also, this is a no-frills card so if you’re looking for more perks, you won't find them. It doesn't have fancy features, rewards points, insurances or freebies. But, the upside to that is the low annual fee and the low purchase rate.

Why should you choose this card?

If you’re looking for a card that can put money back in your pocket from your everyday spending, then Westpac Low Rate Cashback is a great choice. $350 is quite big in comparison to other banks' offers. Plus, this card keeps things pretty simple and convenient which is very beneficial to beginners and those who are looking for thrift.

Overall Rating

The Westpac Low Rate Cashback Credit Card helps you save on interest with a low ongoing rates, a nice cashback offer and a low annual fee. It's a nice card if you don't pay off your card in full each month, want an inexpensive emergency card, or are a first-timer building your credit score.

User reviews

Westpac Low Rate Credit Card – Cashback Offer ( based on 0 user reviews )

0% rating based on 0 reviews

Customer Service

Rates and fees

Interest rates

Purchase rate 13.74% p.a.

Cash advance rate 21.49% p.a.

Interest free period on purchases up to 55 days

Credit limits

Minimum credit limit $500

Maximum credit limit $50,000

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


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 in the first 7 months from card approval
  • 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

  • Be over 18 years old

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

  • A permanent resident in Australia/NZ OR; a non-resident or migrant and hold an acceptable Visa, with a min 1 year before expiry

  • 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, 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.

29 questions (showing the latest 10 Q&As)



16 February 2024
Another question. Pauline, are there credit card companies that recognise overseas income? Thanks. Roy
    Pauline -


    21 February 2024
    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!


16 February 2024
Hi Pauline, Are there any credit cards for pensioners that do not have an annual fee? Thank you. Roy McDonnell
    Pauline -


    21 February 2024
    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!


27 September 2023
I am a age pensioner with regular income less than $30,000p.a. Can I still apply for the Westpac Low Rate Credit Card?
    Pauline -


    29 September 2023
    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!
Sabina Merrett

Sabina Merrett

12 September 2023
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?
    Pauline -


    15 September 2023
    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!


27 January 2023
I am looking or a credit card with balance transfer. Which card will be available for me with a minimum of $3000?
    Pauline -


    30 January 2023
    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!
Chantelle Rowe

Chantelle Rowe

15 January 2023
Want to apply for this low rate credit card please.
    Pauline -


    16 January 2023
    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
Tracey Butler

Tracey Butler

15 October 2022
I would like to apply for a Westpac Credit card
    Pauline -


    17 October 2022
    Hi Tracey, we don’t have an active partnership to a Westpac card but you can visit their official website to start your application.


27 June 2022
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?
    Pauline -


    28 June 2022
    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!


14 June 2022
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?
    Pauline -


    16 June 2022
    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.
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