Westpac Low Rate

13.49% p.a.

0% p.a. for 24 months and then 19.49% p.a. (1.00% balance transfer fee)

$59 $0 in the first year

Westpac Low Rate Review

Rates and fees information correct as at 22 June 2018.

Review published: 3 May 2013

What's hot:

  • 0% p.a on balance transfers for 24 months (1% BT fee applies)

  • 13.49% purchase rate

  • No annual fee in the first year ($59 after)

What's not:

  • 19.49% cash advance rate

Mozo snapshot:

Westpac's Low Rate credit card offers customers fantastic low rates, no frills and modern and accessible features. Plus, at the moment you can snag a 0% balance transfer offer of 24 months, one of the longest periods on the market (1% BT fee applies).


Key features:

Westpac's Low Rate credit card is all about value. With a very reasonable annual fee of $59 which is waived in the first year, a low 13.49% ongoing purchase interest rate, and up to 55 interest free days, this piece of plastic is certainly easy on your budget.

If you have credit card debt to blast away, there's a balance transfer period of 0% for 24 months. Just remember that there's a 1% fee applied to this balance, plus, after this period, any leftover debt will start to attract interest at the higher cash advance rate of 19.49%.

You can use the card overseas or shopping online wherever Visa is accepted and it comes with Visa payWave functionality so for purchases under $100 you can tap and go. All foreign transactions will have a 3% foreign exchange margin added to the Australian dollar amount.



Who it's good for:

Westpac's Low Rate credit card is perfect for anyone looking for a no-frills card that is still affordable and good value for money.


Any catches?

Remember that cash advances won't get the low standard interest rate but the much higher 19.49% cash advance rate.


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 Low Rate

Westpac

Westpac Low Rate credit card review

Overall rating   10 / 10

Excellent

Good rates.

Full review

Good rates.

    Price   10 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Ernest (WA), reviewed 4 months ago

Westpac

Westpac Low Rate credit card review

Overall rating   10 / 10

Would recommended it to others

I changed to Westpac about 6years ago after I was having trouble with my old bank, have stayed with Westpac since.

Full review

I changed to Westpac about 6years ago after I was having trouble with my old bank, have stayed with Westpac since.

    Price   8 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Sinita (WA), reviewed 5 months ago

Westpac

Westpac Low Rate credit card review

Overall rating   8 / 10

Their low rate Mastercard is a great product

Westpac staff are very reliable, friendly and professional and have great communication skills.

Full review

Westpac staff are very reliable, friendly and professional and have great communication skills.

    Price   8 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Sue (SA), reviewed about 1 year ago

Westpac

Westpac Low Rate credit card review

Overall rating   5 / 10

Average overall

I think Flybuys should be added to this credit card. Also, statements needs to be updated far quicker. In comparison, New Zealand updates their statements almost immediately.

Full review

I think Flybuys should be added to this credit card. Also, statements needs to be updated far quicker. In comparison, New Zealand updates their statements almost immediately.

    Price   10 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Matthew (VIC), reviewed over 1 year ago

Westpac

Westpac Low Rate credit card review

Overall rating   7 / 10

Easy to deal with

Overall above average service.

Full review

Overall above average service.

    Price   -1 / 10

    Features   / 10

    Customer service   / 10

    Convenience   / 10

    Trust   / 10

Less

Helen (VIC), reviewed over 1 year 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

  • 13.49% p.a.

  • none

  • 0% p.a. for 24 months and then 19.49% p.a. (1.00% balance transfer fee)

  • yes

  • 19.49% p.a.

  • 55

Fees

  • $59.00

  • $0 in the first 1 year

  • none

  • 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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