Thumbnail icon for Westpac

Westpac Low Rate

Purchase rate
13.74% p.a.
Balance transfer rate
0% p.a. for 16 months and then 21.49% p.a. (0% balance transfer fee)
Annual fees
$59
Interest free days on purchases
55

Mozo editorial review Westpac Low Rate

Last updated: 1 April 2020.

binocular icon
What's hot
  • No annual fee in the first year ($59 after)
  • 0% balance transfer rate for the first 16 months
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 16 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 which is waived in the first year, 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.

And at the moment, you'll be be able to blast debt, thanks to the 0% balance transfer offer for the first 16 months (then 21.49%), available until 05 August 2020. 

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.



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


Details

Rates and fees information correct as at 13 July 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 16 months and then 21.49% p.a. (0% 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

Customer Reviews

How are Westpac credit cards rated by the Mozo community?

Overall customer rating
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 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 21 days 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 26 days 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 3 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 4 months ago
  • Overall 10/10
    No problems at all.

    No problems, been with them for years.

    Read full review

    No problems, been with them for years.

    Price
    10/10
    Features
    5/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Sarah, Queensland reviewed 4 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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