Westpac Lite Card
Westpac Lite Card
Mozo Review Westpac Lite Card Review
Last updated: 20 September 2018.
What's hot:
Multiple 2018 Mozo Experts Choice Award winner
9.90% purchase rate
No foreign transaction fees
$0 late payment fee
What's not:
$9 ongoing monthly fee
No balance transfers
Mozo snapshot:
The newly launched Westpac Lite Card certainly is light on interest rate charges and fees! It comes with a 9.90% purchase rate (the lowest rate of any big bank credit card) and no late payment or foreign exchange fees whatsoever - part of the reason why it took out two 2018 Mozo Experts Choice Travel Money Awards in the best Travel Credit Card and best Low Rate Travel Credit Card Credit categories. Limits can range from $400 to $4,000 so it’s a great option for moderate spenders.
Key features:
Westpac’s Lite Card is the bank’s lowest rate credit card on offer at only 9.90%. Unlike most credit cards, it doesn’t have a lump sum annual fee, instead you’ll pay monthly fee of $9 for the card. You’ll get up to 45 days interest free (as long as you pay your balance in full each month) and you can add a second cardholder free of charge if you choose.
The Lite card comes with microchip functionality so you can Tap and Go to make purchases under $100.
It is a great card to use for travel or shopping online at overseas stores as there is no foreign exchange fees, which on other cards can be as high as 3%.
The good news is that if you accidentally miss your credit card due date you won’t be slugged with late payment fees. But don’t use this as an excuse, late payments still get recorded on your credit file so it is best to set up a direct debit from your bank account on the due date.
Who it's good for:
The Lite Card is good for Aussies who want a no frills low rate credit card that they can use overseas, without having to pay high foreign exchange fees.
Any catches?
If you’re looking to transfer existing debt over to a Westpac Lite Card, keep in mind that it does not offer this option. There isn’t a cash advance feature either, so you may want to store a backup in your wallet for emergency cash withdrawals.
While you won’t get charged a lump sum annual fee with the Lite Card, you will be paying $9 a month to keep the card active which works out to be $108 over 12 months. If you do pay off your balance in full each month or want a card with a higher credit limit you might be better off opting for Westpac’s Low Rate Card or check out no annual fee cards in our database.
Details
Rates and fees information correct as at 17 November 2018. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.Rates
-
9.90% p.a.
-
none
-
No current offer
-
none
-
none
-
45
Fees
-
$108.00
-
none
-
none
-
none
-
$0.00
-
none
-
0%
-
$2.00
-
none
-
$0.00
Features
-
$10.00
-
2.0
-
1
-
none
Payment options
Google Pay, Samsung Pay, Fitbit
Customer Reviews
How are Westpac credit cards rated by the Mozo community?
Latest reviews of Westpac Lite Card
- Overall9/10
Trustworthy
I’d recommend westpac to everyone.
Read full review
I’d recommend westpac to everyone.
Price6/10Features10/10Customer service-1/10Convenience10/10Trust10/10Less
Ian | Western Australia
reviewed 10 days ago
- Overall5/10
Happy
Quite happy with it.
Read full review
Quite happy with it.
Price5/10Features5/10Customer service5/10Convenience5/10Trust5/10Less
Paul | New South Wales
reviewed 11 months ago
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.
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