Westpac's Low Rate credit card offers fantastic low rates, no-frills and modern and accessible features. It even comes with a 0% balance transfer offer for 28 months which may appeal to Aussies looking to ditch their credit card debt (offer ends 30 November 2021).
Westpac's Low Rate credit card is all about value. With a reasonably low annual fee of $59, a low 13.74% p.a. ongoing purchase interest rate, and up to 55 interest-free days, this piece of plastic has the potential to be a budget-friendly option.
Speaking of budget-friendly, this low rate card also features no annual fee in the first year ($59 after), plus new card applicants will be able to blast debt, thanks to the 0% balance transfer offer for the first 28 months (then 21.49% p.a.), available until 30 November 2021. Remember, there is a 1.00% set-up fee on the balance transfer.
You can use the card overseas or shopping online wherever Mastercard is accepted and it comes with Mastercard Tap & go functionality so for purchases under $100. All foreign transactions will have a 3% foreign exchange margin added to the Australian dollar amount.
Westpac's Low Rate credit card could be a great option for anyone looking for an affordable no-frills card that still offers good value for money.
Remember cash advances won't get the low standard interest rate, but the much higher 21.49% p.a. And don't forget that 1.00% fee on the balance transfer.
| 13.74% p.a. | |
| none | |
| 0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee) | |
| yes | |
| 21.49% p.a. | |
| 55 |
| $59.00 | |
| $0 in the first year | |
| none | |
| none | |
| $15.00 | |
| 2%, Min $2.50, Max $150 | |
| 3.00% | |
| $0.00 | |
| $0.00 | |
| $0.00 |
| $10.00 | |
| 2.0 | |
| 1 | |
| none |
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Read full review1. Local and convenient 2. Service (counter) - excellent 3. Fees - nil 4. Friendly 5. Some waiting but normal for busy shopping centre
Read full review1. Local and convenient 2. Service (counter) - excellent 3. Fees - nil 4. Friendly 5. Some waiting but normal for busy shopping centre
Big 4 bank, not so different to smaller bank. Always looking after profits, not customers.
Read full reviewBig 4 bank, not so different to smaller bank. Always looking after profits, not customers.
Westpac have been fantastic especially in times of struggle and stress. The card I have is easy and cheap to use.
Read full reviewWestpac have been fantastic especially in times of struggle and stress. The card I have is easy and cheap to use.
This bank is the best, I have been with them for the last 30 years.
Read full reviewThis bank is the best, I have been with them for the last 30 years.
Kogan Money
Black Card
20.99% p.a.
0% p.a. for 12 months and then 21.74% p.a.
$0
Kogan Rewards Points
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
St.George
Vertigo
13.99% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$55 $0 in the first year
MoneyMe
Freestyle Virtual Mastercard
16.99% p.a.
No current offer
$209 $0 - $149 based on credit limit, $5/month for balances over $20.
American Express
Qantas Ultimate Card
20.74% p.a.
No current offer
$450
Qantas Frequent Flyer
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
David Jones
American Express Card
0% p.a. for 6 months then 20.74% p.a.
No current offer
$99
Qantas Frequent Flyer
NAB
Qantas Rewards Premium Card
19.99% p.a.
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
$250
Qantas Frequent Flyer
American Express
Qantas Ultimate Card
Qantas Frequent Flyer
$450
55,000
1.25 points uncapped
NAB
Qantas Rewards Signature Card
Qantas Frequent Flyer
$395 $295 in the first year
110,000
1 point up to $5,000/month, then
0.5 points up to $20,000/month
American Express
Qantas Discovery Card
Qantas Frequent Flyer
$0
No current offer
0.75 points uncapped
David Jones
American Express Platinum Card
Qantas Frequent Flyer
$295
35,000
0.5 points uncapped
American Express
Velocity Escape Card
Velocity Frequent Flyer
$0
No current offer
0.75 points uncapped
NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250
65,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
Kogan Money
Black Card
0% p.a. for 12 months and then 21.74% p.a.
20.99% p.a.
$0
Kogan Rewards Points
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
0% p.a. for 12 months then 11.99% p.a.
$45
St.George
Vertigo
0% p.a. for 30 months and then 21.49% p.a.
13.99% p.a.
$55 $0 in the first year
St.George
Amplify Rewards Platinum
0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
19.74% p.a.
$99
Rewards
HSBC
Platinum Credit Card
0% p.a. for 36 months and then 21.99% p.a.
19.99% p.a.
$129 $29 in the first year
Rewards Plus
NAB
Low Rate Card
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
12.99% p.a.
$59 $0 in the first year
American Express
Qantas Ultimate Card
No current offer
20.74% p.a.
$450
Qantas Frequent Flyer
Bank of Melbourne
Amplify Rewards Platinum
0% p.a. for 15 months and then 21.49% p.a. (1.00% balance transfer fee)
19.74% p.a.
$99
Qantas Frequent Flyer
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
St.George
Vertigo
13.99% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$55 $0 in the first year
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
Bank of Melbourne
Vertigo
13.99% p.a.
0% p.a. for 30 months and then 21.49% p.a.
$55 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
$59 $0 in the first year
St.George
No Annual Fee
0% p.a. for 12 months then 20.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$0
BankSA
Vertigo
13.99% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$55 $0 in the first year
Bank of Melbourne
Vertigo
13.99% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$55 $0 in the first year
Bendigo Bank
Low Rate Credit Card
0% p.a. for 12 months then 11.99% p.a.
0% p.a. for 12 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
NAB
StraightUp Card
0% p.a.
No current offer
$120 $10/month - waived if no spend & no balance owing
David Jones
American Express Card
0% p.a. for 6 months then 20.74% p.a.
No current offer
$99
David Jones
American Express Platinum Card
0% p.a. for 6 months then 20.74% p.a.
No current offer
$295
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
$59 $0 in the first year
St.George
No Annual Fee
0% p.a. for 12 months then 20.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$0
BankSA
No Annual Fee
0% p.a. for 12 months then 20.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a.
$0
NAB
StraightUp Card
0% p.a.
No current offer
$180 $15/month - waived if no spend & no balance owing
