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Westpac Low Rate Credit Card
Westpac Low Rate Credit Card

Westpac Credit Cards

Westpac Low Rate Credit Card

Updated 2 June 2020

The Westpac Low Rate credit card can save you on interest with 0% p.a. on balance transfers for 16 months. No balance transfer fee applies. Standard purchase rate of 13.74% p.a. Card comes with a $59 annual fee creating a good low rate package. Add one additional cardholder free.

T&Cs apply. Offer ends 5 August 2020

Purchase Rate (p.a)


Balance Transfer (p.a)

0% for 16 months No BT fee. reverts to 21.49% p.a.

Annual Fee (p.a)


$0 over 16 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. on balance transfers for the first 16 months with no balance transfer fee. Rate then reverts to the variable cash advance rate
  • Low rate of 13.74% p.a. on purchases
  • $59 annual fee
  • Low minimum income of $15,000 p.a. is required to be eligible
  • 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
  • Balance transfer offer is available to new customers only review

Editor Review

Westpac Low Rate Credit Card

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

The Westpac Low Rate Credit Card

Low purchase rate? Check. Low annual fee? Check. Awesome introductory offer? Check. While it may not be chock-full of fancy features, the Westpac Low Rate Credit Card certainly has its attractions. In fact, it’s Westpac’s most popular credit card.

Why would this unassuming little card be so popular? Aside from its intro offer – which is pretty darn enticing – this card doesn’t have any flashy drawcards. It’s simple, no frills. It does exactly what you expect it to. So, if you’re not that interested in features and rewards, if you simply want access to credit at a low rate, then this card could be very appealing indeed.

Want to look a little closer? Let’s dive in.

What we love...

We’ll look at the big flashy introductory offer first. It offers 0% on balance transfers for 16 months.

For anyone who wants to pay down existing credit card debt, this is a fantastic deal. You get a whole 16 months to chip away at that debt, to pay it down as much as possible. No balance transfer fee applies.

While the introductory offer gives you plenty of time to pay down your debt, any balance left unpaid at the end of the intro period reverts to the high cash advance rate on the card.

Now to the less flashy features. One of the most appealing aspects of this card is its low purchase rate. While it’s not that exciting, it can help you save heaps in interest. If you tend to carry a balance, then you want to pay as little interest as possible.

Most rewards cards and platinum cards have big features. But they also often come with purchase rates upwards of 20% p.a. – and a much higher annual fee. With the Westpac Low Rate Credit Card, you can save on interest – while paying a very reasonable $59 annual fee.

What’s not so great...

You’ll really only find drawbacks to this card if you’re looking for a card that offers more. If you want bells and whistles, fancy features, big rewards programs and super-dooper extras, this card doesn’t have them. The best thing for you to do is look at different types of cards.

The only other drawback we will mention is related to the balance transfer offer. Be aware that you can’t transfer loan balances – you can only transfer the balance from up to three credit cards or store cards.

Why should you choose this card?

We’ve already talked about many of the reasons you would want to choose this card. You might want to take advantage of its introductory offer to save on interest on balance transfers or purchases. Alternatively, you may want to save money on interest month-to-month, while paying a low annual fee.

However, the card does offer a selection of other extras you may find appealing. You may like adding one additional cardholder to your account. You might like the low minimum income requirement of $15,000 a year. You could enjoy up to 55 days interest free on purchases when you pay off your balance each month.

There’s also the convenience of contactless technology at the checkout – or you could tap and pay with your smartphone. You may enjoy the additional confidence of having Westpac Added Online Security and a Fraud Money Back Guarantee. Westpac credit cards also comes with access to SmartPlan, which helps you structure your repayments into a regular monthly payment. While these features may not make you jump up and down with excitement, they can be incredibly handy when you need them.

Overall Rating

A low rate card with an affordable annual fee, providing an amazing introductory offer on balance transfers. Offer ends 5 August 2020.

User reviews

Westpac Low Rate Credit Card ( based on 304 user reviews )

82% rating based on 304 reviews

Customer Service
85% Visitor

23 September 2016


Recommends this card
60% Visitor

20 January 2016

Good BT rate But then reverts to HIGH Cash Interest rate. Expensive if this happens, Average Customer Service. Very Average Credit Lending Practices. Westpac has just been caught incorrectly handling Clients Credit Cards when doing Limit increase etc.

Recommends this card

Rhonda Townsend

28 January 2013

Thereâ??s quite a lot of low rate cards I found when I was looking. I trust Westpac so I thought this would be a good choice out the lot of them. The interest rate is low and so is the annual fee. If you want to take advantage of the BT, this is good for that too.

Recommends this card

Frances Green

28 January 2013

I was really just looking for a no nonsense card that had low interest. I can\'t always pay off my full credit card bill each month so I wanted one with low interest so I could save money. This card seems to be doing the trick. Low interest and the annual fee is fairly low as well.

Recommends this card

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

Balance transfer

Balance transfer rate 0% p.a. for 16 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 limt $1,000

Maximum credit limit $40,000

Fees & repayments

Annual fee $59 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 2%

Cash advance fee 2%

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

As a cardholder, you can also benefit from up to 55 days interest free on purchases and the convenience of contact-less technology – Tap & goTM. With a low minimum income requirement of $15,000 a year, this card has definite appeal.

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% p.a. on balance transfers for the first 16 months with no balance transfer fee. Rate then reverts to the variable cash advance rate
  • Low rate of 13.74% p.a. on purchases
  • $59 annual fee
  • Up to 55 days interest free on purchases
  • Free additional cardholder
  • Tap & goTM 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

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

  • Minimum income of $15,000 p.a.

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

Roland B Bleyer

Roland B Bleyer founded 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.

309 questions (showing the latest 10 Q&As)



22 May 2020
Hi Can I go into a westpac branch in to discuss transfering my cc balance please? Or can I speak to you on the phone? or a consultant on the phone? Thank you Melanee
    Roland B Bleyer - Founder


    22 May 2020
    Hi Melanee, sure you can go into a branch. Phone seems to be a bit harder as could be holding for a while right now. What do you need to discuss?
Nina Cosgrove

Nina Cosgrove

3 May 2020
I would like to apply for this card and transfer a balance of a card that is in my partners name with me as an additional card holder. Can I do this as we will be joint card holders?
    Roland B Bleyer - Founder


    4 May 2020
    Hi Nina, a balance transfer must be between the same legal person. Therefore you would not be able to transfer credit card debt in your partners name. As an additional card holder you have no responsibility of the debt. It is all in your partners name. Therefore to transfer the debt, your partner must get a balance transfer themselves.


17 February 2020
I am retired and as well as super also have overseas pension income. Does Westpac consider overseas pension income for this card. Or do you know of any other credit card where they will consider overseas pension income?
    Roland B Bleyer - Founder


    18 February 2020
    Hi Lesley, I am not sure if any banks do see overseas pension as income. Though I would note it down with any application and use it as part of my income. Westpac, as a big 4, would be the most likely of any to accept. The country providing the pension may also be a factor in whether they would accept. This card has a low 15k minimum income. Though meeting the income requirement is only 1 factor for approval.


9 February 2020
I have been discharged from Bankruptcy 14 months ago, my wife works and i work full time. Bankruptcy happened due to Illness , I used to work for a Bank,I have a secured car loan which i obtained to start the process to rebuild by credit. It has been 1 years and excellent conduct. Do i have a chance, or am i wasting my time applying, thank You Bruce
    Roland B Bleyer - Founder


    10 February 2020
    Hi Bruce, it is tough to know whether you could get approved. My gut says wait until 2 years post bankruptcy before applying for a credit card. Sounds like you are doing all the right things. The secured car loan is a good start. Just make sure you are paying all your bills on time (they check 2 years). Then if you are putting away money each month as well so show excess funds. I am being more cautious but I think with rebuilding credit that is the best way.


26 January 2020
If I have bad credit rating, should I even try applying as I dont want any further credit checks? Do you have a secured Creditcard option?
    Roland B Bleyer - Founder


    28 January 2020
    Hi Zol, with bad credit, I suggest you do not bother applying. Most banks have a Visa or Mastercard Debit Card option. That is the new kind of secured card in Australia. That would be your best bet.


24 January 2020
I am on the aged pension I would like to apply for a low rate credit card
    Roland B Bleyer - Founder


    28 January 2020
    Hi Janice, this could be a possibility. Westpac are flexible with approval for pensioners. You will need good credit for approval. That is paying your bills on time for last 2 years. No defaults or any issues on your credit file. Hopefully you have a little excess money to put away each month also. This shows the bank you can afford repayments. Best of luck with your application.


29 November 2019
If I transfer 4000$ to my account . How much interest I will be paying for this 4000$ if I could pay it back in 2 months time ????
    Roland B Bleyer - Founder


    2 December 2019
    Hi Amit, if you are doing a cash advance, then the Cash rate is 20.24% p.a. There are also some extra fees involved. Though the interest would be around $135.


11 November 2019
Good Morning, I am looking for a credit card . I am only looking for a small amount $1500.00 for medical bills . What would b best suited to my needs
    Roland B Bleyer - Founder


    11 November 2019
    Hi Belinda, it depends on a range of factors. This Westpac low rate card is a good one and I think could be suitable. In the end you have to look at a reasonable annual fee and interest rate.


8 November 2019
do you take the disability pension as income and rental income.
    Roland B Bleyer - Founder


    11 November 2019
    Hi Shaum, yes Westpac can see the disability pension as income. Though approval will depend on a range of factors. Income v expenses, assets v liabilities and your credit history being key factors.

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