Choose the version of this credit card that suits you best
Name | Rewards program | |
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Low Rate - Cashback Offer | n/a |
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Low Rate | n/a |
With a competitive rate and low annual card fee, Westpac's Low Rate credit card could provide a simple, cost-effective option for cardholders. But don’t confuse simplicity with a lack of options, because the Low Rate card also comes with a number of useful features as well as cashback for new cardholders.
This card is also the winner of a 2023 Mozo Experts Choice Award for best Balance Transfer Credit Card. This card's PartPay feature also won this card an award for best Credit Card Payment Plan
Westpac's Low Rate credit card is all about value. With a low annual card fee of $59, a relatively competitive 13.74% p.a. purchase rate, and up to 55 interest-free days, the card has all the potential to be a budget-friendly option.
You can use the Low Rate card overseas or when shopping online wherever Mastercard is accepted and it comes with Mastercard Tap & go functionality for purchases under $100. All foreign transactions will have a 3% foreign exchange margin added to the Australian dollar amount though.
The value doesn’t stop there though, as Westpac is currently giving new Low Rate credit card applicants the choice between two different limited-time offers.
$350 cashback offer
New cardholders will be able to score $350 cashback when they take out a new Low Rate credit card and spend $1,000 per month for the first five statement periods (ie. total of $5,000) from card approval. Additionally, with this option, there is a 21.49% p.a. cash advance rate. This is a limited-time offer which is available until 31st July 2024, so get in quick if you’re interested (T&Cs apply).
Balance transfer offer
New Westpac customers are also offered a competitive balance transfer rate of 0% p.a. for 28 months, after which the rate reverts to the variable cash rate of 21.49% p.a. This limited-time offer is available until 31st July 2024 (T&Cs apply). Just keep in mind there is a 2% balance transfer fee.
Westpac's Low Rate credit card could be an option worth considering for anyone looking for an affordable, no-frills card that offers good value for money. Especially for those who can make the most of the limited-time cashback offers.
Remember, like most credit cards, cash advances will attract a rate much higher than the normal purchase rate. In the case of the Low Rate card, the cash advance rate is 21.49% p.a.
13.74% p.a. |
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none |
|
No current offer |
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yes |
|
21.49% p.a. |
|
55 |
$59.00 |
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none |
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none |
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none |
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$15.00 |
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3% |
|
3.00% |
|
$0.00 |
|
$0.00 |
|
$0.00 |
$10.00 |
|
2.0 |
|
1 |
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none |
Apple Pay, Google Wallet, Samsung Pay, Fitbit Pay, Garmin Pay
Receive up to $350 Cashback when you take out a new Low Rate Credit Card. Get $50 for every $1,000 spent on eligible purchases for the first 7 statement periods from approval. First Year Annual Card Fee waived for existing Westpac customers who apply and are approved for a new Low Rate card by 31st July 2024. PartPay available.
13.74% p.a. |
|
none |
|
0% p.a. for 28 months and then 21.49% p.a. (2.00% balance transfer fee) |
|
yes |
|
21.49% p.a. |
|
55 |
$59.00 |
|
none |
|
none |
|
none |
|
$15.00 |
|
3% |
|
3.00% |
|
$0.00 |
|
$0.00 |
|
$0.00 |
$10.00 |
|
2.0 |
|
1 |
|
none |
Apple Pay, Google Wallet, Samsung Pay, Fitbit Pay, Garmin Pay
First Year Annual Card Fee waived for existing Westpac customers who apply and are approved for a new Low Rate card by 30 April 2024. PartPay available.
I think a great bank. I trust them to care my money.I like everything as Westpac.
Read full reviewI think a great bank. I trust them to care my money.I like everything as Westpac.
I have had this card for years, it's free, low interest and no reason to not have it, super convenient.
Read full reviewI have had this card for years, it's free, low interest and no reason to not have it, super convenient.
All I want is a letter stating the credit card is paid in full and I got the run around on the phone and in the branch they can’t even give you a letter stating the credit card is paid in full Bad customer service will never bank with westpac
Read full reviewAll I want is a letter stating the credit card is paid in full and I got the run around on the phone and in the branch they can’t even give you a letter stating the credit card is paid in full Bad customer service will never bank with westpac
Need to be more customer friendly and flexible to payment and interest.
Read full reviewNeed to be more customer friendly and flexible to payment and interest.
Thank you
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