Westpac credit cards

3.4
Based on 4,741 Westpac credit card product reviews.
Fact Checked
Last updated

About Westpac credit cards

Westpac is the second largest of the Big Four banks in Australia, and it has been in operation for over 200 years. It offers a range of credit cards to suit various needs, including budget-conscious low fee cards, low rate options for managing debt and rewards credit cards for those who want to earn rewards points and benefit from complimentary insurances.

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Editor’s pick: Westpac Low Rate Card (Balance Transfer)

Low Rate

Purchase rate
13.74 % p.a.
Balance transfer rate
0.00 % p.a.
For 26 months and then 21.99% p.a. 2.00% balance transfer fee)
Annual fee
$59
Rewards program
-
No Partner link
  • Low variable interest rate

  • Lengthy 0% balance transfer period of 26 months

  • Up to 55 interest free days on purchases

  • $59 annual account fee

  • Unpaid balance transfers pay 21.99% p.a.

  • 2% balance transfer fee

Our verdict

If you have a credit card debt you’re trying to pay down, completing a balance transfer over to Westpac’s Low Rate Card is a compelling option.

Westpac’s balance transfer period is 26 months, which means your transferred debt will have a 0% interest rate for just over two years, giving you a decent amount of time to pay off what you owe. The longest balance transfer period in our database is 28 months, so Westpac’s offer is not far behind.

Note that any unpaid debt after the balance transfer period ends will attract a high interest rate of 21.99% p.a., so you’ll want to work towards paying it off as much as you can. A balance transfer fee of 2% also applies to the debt you move over.

We like that any new purchases you make with Westpac’s Low Rate Card get a competitive variable rate of 13.74% p.a., and you can also be eligible for up to 55 interest free days by paying your closing balance in full each billing.

An annual fee of $59 applies to the Low Rate Card, but existing Westpac customers can get this waived for their first year – provided you apply before 30 April, 2025.

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Last updated 12 December 2024 Important disclosures

Westpac credit cards

  • Low Fee

    Purchase rate
    20.99 % p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $30
    $0 when you spend over $5,000 p.a $0 in the first year
    Rewards program
    -
    No Partner link

  • Altitude Platinum

    Purchase rate
    20.99 % p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $250
    $119 in the first year
    Rewards program
    Qantas Frequent Flyer
    No Partner link

  • Low Rate

    Purchase rate
    13.74 % p.a.
    Balance transfer rate
    0.00 % p.a.
    For 26 months and then 21.99% p.a. 2.00% balance transfer fee)
    Annual fee
    $59
    Rewards program
    -
    No Partner link

  • Altitude Platinum

    Purchase rate
    20.99 % p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $175
    $99 in the first year
    Rewards program
    Altitude Rewards
    No Partner link

  • Altitude Black

    Purchase rate
    20.99 % p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $295
    $200 in the first year
    Rewards program
    Altitude Rewards
    No Partner link

  • Altitude Black

    Purchase rate
    20.99 % p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $370
    $150 in the first year
    Rewards program
    Qantas Frequent Flyer
    No Partner link

  • Lite Card

    Purchase rate
    9.90 % p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $108
    Rewards program
    -
    No Partner link

  • Altitude Platinum

    Purchase rate
    20.99 % p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $250
    $119 in the first year
    Rewards program
    Velocity Frequent Flyer
    No Partner link

  • Altitude Black

    Purchase rate
    20.99 % p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $370
    $150 in the first year
    Rewards program
    Velocity Frequent Flyer
    No Partner link

  • Low Rate - Cashback Offer

    Purchase rate
    13.74 % p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $59
    Rewards program
    -
    No Partner link

  • Flex Card

    • available to Westpac account holders only
    Purchase rate
    0.00 % p.a.
    Balance transfer rate
    No current offer
    Annual fee
    $120
    $10 monthly fee waived if the outstanding balance on the previous statement is paid in full by the due date.
    Rewards program
    -
    No Partner link

Get the latest news and product updates.

Westpac credit card ratings

Overall customer rating for Westpac credit cards

3.4
Based on 4,741 product reviews.

Customer reviews

Important disclosures

Westpac products

Westpac credit cards: FAQs

How long does Westpac take to approve a credit card?

Once you’ve applied for a credit card online or at a branch, Westpac says you can get a response within two working days.

If you receive full approval, it can take up to seven working days to get your physical card, or you can use Westpac’s Instant Digital Card for online purchases right away.

If Westpac conditionally approves you for a credit card, you’ll need to provide documents such as payslips and bank statements to verify your employment and income.

What is the minimum credit limit for Westpac?

Westpac’s minimum credit limit varies widely for each credit card. For example, Westpac Low Rate Card comes with a minimum credit limit of $500, while the more premium Westpac Altitude Rewards Black card has a minimum limit of $15,000.

How much are Westpac points worth?

Westpac offers a suite of rewards credit cards which can earn you Qantas Points, Velocity Points or Altitude Rewards points, depending on which card you choose.

Altitude Rewards is Westpac’s own rewards program, and the value of an Altitude Rewards point differs depending on how it’s redeemed.

Altitude Rewards can also be transferred over to other rewards programs. For example, three Altitude points are equal to one Velocity Point.

Do Westpac credit cards come with travel insurance?

Westpac does offer complimentary travel insurance with select credit cards. See Westpac’s complimentary insurance page for more detailed information.

How do I close a Westpac credit card?

You can close your Westpac credit card by either using the Westpac app or logging into Westpac’s internet banking.

You’ll need to cancel any recurring payments or direct debits before closing the card, and you’ll continue to receive a statement every month until your balance is paid in full.

Credit card quick links


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