Westpac 55 Day Platinum Card

19.84% p.a.

0% p.a. for 20 months and then 21.29% p.a. (2.00% balance transfer fee)

$90 $0 when you spend over $10,000 p.a, $0 in the first year

Westpac 55 Day Platinum Card Review

Rates and fees information correct as at 16 July 2018.

Review published: 29 April 2014

What's hot:

  • $0 first year annual fee offer

  • 0% balance transfer period for 20 months (2% BT fee applies)

What's not:

  • High 21.29% cash advance rate

Mozo snapshot:

The Westpac 55 Day Platinum Card is definitely worth a look. Why? Firstly, there's the $0 first year annual fee which is also waived in subsequent years when you spend at least $10,000 on purchases in the previous year. If you've got lingering debt to blast away, there's a 0% balance transfer period for 20 months. Plus, for no extra cost you get top benefits including complimentary worldwide platinum concierge service, overseas travel insurance, extended warranty and purchase security insurance.  

Key features:

Some of the platinum perks you get with the card include a worldwide concierge service open 24/7, so if you find yourself in New York wanting tickets to see the Knicks play at Madison Square Garden a quick call to your personal assistant and voila!

And then there are the complimentary insurances. With the overseas travel insurance you, your spouse and dependents will be covered for trips up to 6 months as long as you have a return air ticket and $500 of each of your prepaid travel costs have been paid using your 55 Day Platinum Card. There are some limits to the coverage provided so be sure to read the policy before you take off to ensure you have the coverage you need for your holiday or business trip. 

You will also get purchase security insurance (4 months cover against loss, theft or damage for new items purchased with your 55 Day Platinum card) and extended warranty insurance which provides an extended 24 month cover in addition to the manufacturers expressed Australian warranty. 

The purchase rate of the Westpac 55 Day Platinum Card is 19.84% but if you pay off your balance in full each month you can get up to 55 interest free days.

If you have lingering debt to get rid of, there's a 0% interest period of 20 months available for balance transfers. Just keep in mind that there is a 2% fee on these balances, plus after this period, any balance leftover starts to attract interest at the cash advance rate of 21.29%.

The Westpac 55 Day Platinum card comes with Visa payWave technology so you can tap and go for purchases under $100 and use your card anywhere in the world where Visa is accepted. There is a 3% foreign exchange margin for overseas purchases so be sure to factor this in with your shopping budget.


Who it's good for:

The Westpac 55 Day Platinum is a top card for anyone who pays off their balance in full each month.

Any catches?

The 19.84% purchase rate and 21.29% cash advance rate are both relatively steep, so try to avoid carrying a balance or hitting the ATM with your credit card in hand.

How are Westpac credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.2

Based on 1431
Westpac credit cards reviews

6.3 6.4 7.3 7.7 7.4

Read Westpac credit card reviews by the Mozo community

Latest reviews of Westpac 55 Day Platinum Card

Westpac

Westpac 55 Day Platinum Card credit card review

Overall rating   8 / 10

Response to our needs is amazing

All my family banking conducted with this institution and I am totally happy with customer service

Full review

All my family banking conducted with this institution and I am totally happy with customer service

    Price   5 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Shane (SA), reviewed 5 months ago

Westpac

Westpac 55 Day Platinum Card credit card review

Overall rating   9 / 10

Good Bank to deal with

Westpac staff at our bank are great to deal with.

Full review

Westpac staff at our bank are great to deal with.

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

John (VIC), reviewed 5 months ago

Westpac

Westpac 55 Day Platinum Card credit card review

Overall rating   5 / 10

Just a bank

Don't like them but I doubt the others are any better

Full review

Don't like them but I doubt the others are any better

    Price   5 / 10

    Features   2 / 10

    Customer service   2 / 10

    Convenience   8 / 10

    Trust   2 / 10

Less

Andrew (VIC), reviewed 6 months ago

Westpac

Westpac 55 Day Platinum Card credit card review

Overall rating   6 / 10

Good value

Joined when there was a life long no annual fee charge

Full review

Joined when there was a life long no annual fee charge

    Price   5 / 10

    Features   5 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   5 / 10

Less

Eng (SA), reviewed 6 months ago

Westpac

Westpac 55 Day Platinum Card credit card review

Overall rating   7 / 10

Awesome customer service, Well trusted.

Great bank, very easy to navigate through their phone and internet banking which is very handy if you're always on the go! The 55 Day Platinum Card is very useful if you're ready to pay off the card in full - however charges do occur and at a...

Full review

Great bank, very easy to navigate through their phone and internet banking which is very handy if you're always on the go! The 55 Day Platinum Card is very useful if you're ready to pay off the card in full - however charges do occur and at a quite substantial rate so don't let the debt get out of hand!

    Price   6 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Dominic (NSW), reviewed 8 months ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Rates

  • 19.84% p.a.

  • none

  • 0% p.a. for 20 months and then 21.29% p.a. (2.00% balance transfer fee)

  • yes

  • 21.29% p.a.

  • 55

Fees

  • $90.00

  • $0 in the first 1 year

  • 10000

  • none

  • $15.00

  • 2%, Min $2.50, Max $150

  • 3.00%

  • $2.00

  • none

  • $0.00

Other financial bits

  • $10.00

  • 2.0

Features

  • 1

  • none

  • none

About Westpac

As Australia's first bank, Westpac has been serving customers since 1817. Westpac merged with St.George to create Australia's largest financial services company, and customers can enjoy from peace of mind from having the security offered by a major bank behind them. Check out Westpac's range of banking products such as savings accounts, home loans, personal loans, credit cards and other financial services such as its car and home and contents insurance.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

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