Purchase rate
13.74% p.a.
Balance transfer rate
0% p.a. for 28 months and then 21.49% p.a. (1.00% balance transfer fee)
Annual fees
$59 $0 in the first year
Interest free days on purchases
55

Mozo editorial review Westpac Low Rate - last updated: 24 June 2021

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What's hot
  • 0% balance transfer rate for the first 28 months (1% fee applies)
  • $0 annual fee for the first year (then $59)
What's not
  • 21.49% p.a. cash advance rate
Mozo snapshot

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).  

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Key features

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.

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Who is it good for

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.

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Any catches

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.

Details

Rates and fees information correct as at 1 August 2021 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 28 months and then 21.49% p.a. (1.00% balance transfer fee)

yes

21.49% p.a.

55

Fees

$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

Features

$10.00

2.0

1

none

Payment options

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

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 Credit Card

About Westpac