Thumbnail icon for Westpac

Westpac Low Rate

Purchase rate
13.74% p.a.
Balance transfer rate
0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)
Annual fees
$59
Interest free days on purchases
55
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Mozo editorial review Westpac Low Rate

Last updated: 13 August 2020.

binocular icon
What's hot
  • 0% balance transfer rate for the first 20 months (1% fee applies)
  • $200 cash-back offer (spending criteria applies)
What's not
  • 21.49% cash advance rate
Mozo snapshot

Westpac's Low Rate credit card offers customers fantastic low rates, no frills and modern and accessible features. It even comes with a 0% balance transfer offer for 20 months which may appeal to Aussies looking to ditch their credit card debt. 

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Key features

Westpac's Low Rate credit card is all about value. With a very reasonable annual fee of $59, a low 13.74% ongoing purchase interest rate, and up to 55 interest free days, this piece of plastic is certainly easy on your budget.

Westpac is also offering $200 cash-back when new Low Rate card holders spend at least $1,000 on eligible purchases in the first 90 days of the card being approved also available until 3 December, 2020! 

And at the moment, new card applicants will be able to blast debt, thanks to the 0% balance transfer offer for the first 20 months (then 21.49%), available until 3 December, 2020. 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.




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Who is it 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.


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Any catches

Remember cash advances won't get the low standard interest rate, but the much higher 21.49%. And don't forget that 1.00% fee on the balance transfer. 


Details

Rates and fees information correct as at 28 September 2020 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
  • 13.74% p.a.

  • none

  • 0% p.a. for 20 months and then 21.49% p.a. (1.00% balance transfer fee)

  • yes

  • 21.49% p.a.

  • 55

Fees
  • $59.00

  • none

  • none

  • none

  • $15.00

  • 2%, Min $2.50, Max $150

  • 3.00%

  • $2.00

  • none

  • $0.00

Features
  • $10.00

  • 2.0

  • 1

  • none

Payment options

Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay

Other benefits

Receive $200 cashback when you spend at least $1,000 on eligible purchases within 90 days of card approval for new applications made by 2 December 2020.

Customer Reviews

How are Westpac credit cards rated by the Mozo community?

Overall
6.8/10
Price
5.9/10
Features
6.0/10
Customer service
6.9/10
Convenience
7.6/10
Trust
7.0/10

Latest reviews of Westpac Low Rate

  • Overall 2/10
    Don't trust any bank.

    I dislike this bank because at first I thought it wanted to help us in our time of need, but now I realise that the only thing the bank/s cares about is profit.

    Read full review

    I dislike this bank because at first I thought it wanted to help us in our time of need, but now I realise that the only thing the bank/s cares about is profit.

    Price
    3/10
    Features
    1/10
    Customer service
    5/10
    Convenience
    9/10
    Trust
    1/10
    Less
    Rodney, New South Wales reviewed about 2 months ago
  • Overall 0/10
    Complex and waste of time service.

    I have applied for credit card with balance transfer, it took me 6 weeks to get the card and 3 weeks after activating my card, still the application team in the Philippines can't tell me what is wrong with the process and why it hasn't happened. Absolute waste of time. Don't come close to Westpac bank.

    Read full review

    I have applied for credit card with balance transfer, it took me 6 weeks to get the card and 3 weeks after activating my card, still the application team in the Philippines can't tell me what is wrong with the process and why it hasn't happened. Absolute waste of time. Don't come close to Westpac bank.

    Price
    -1/10
    Features
    0/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    1/10
    Less
    Moshk, Western Australia reviewed 3 months ago
  • Overall 3/10
    Only if desperate.

    First credit card, regret it due to ridiculous fees.

    Read full review

    First credit card, regret it due to ridiculous fees.

    Price
    3/10
    Features
    2/10
    Customer service
    5/10
    Convenience
    3/10
    Trust
    4/10
    Less
    James, New South Wales reviewed 3 months ago
  • Overall 0/10
    Find another bank.

    The worst bank for understanding customer needs.

    Read full review

    The worst bank for understanding customer needs.

    Price
    0/10
    Features
    0/10
    Customer service
    0/10
    Convenience
    5/10
    Trust
    0/10
    Less
    Richard, Queensland reviewed 6 months ago
  • Overall 7/10
    Need to improve the reward program.

    They don’t have a great reward program compared to other credit card providers.

    Read full review

    They don’t have a great reward program compared to other credit card providers.

    Price
    10/10
    Features
    4/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Lauren, Western Australia reviewed 6 months ago
Westpac

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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