Westpac Low Rate

13.74% p.a.

0% p.a. for 16 months and then 21.49% p.a. (0% balance transfer fee)

$59 $0 in the first year

n/a

Westpac Low Rate

13.74% p.a.

0% p.a. for 16 months and then 21.49% p.a. (0% balance transfer fee)

$59 $0 in the first year

n/a

Mozo Review   Westpac Low Rate Review

Last updated: 17 October 2019.

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. 

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 31 March 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.



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.


Details

Rates and fees information correct as at 31 March 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

  • $0 in the first 1 year

  • 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

Google Pay, Samsung Pay, Fitbit, Garmin Pay

Other benefits

No interest on Balance Transfers for 16 months available on request for new customers until 31 March 2020.

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 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 8 days 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 20 days ago
  • Overall 8/10
    Acceptable.

    Westpac staff are very helpful and approachable.

    Read full review

    Westpac staff are very helpful and approachable.

    Price
    8/10
    Features
    8/10
    Customer service
    8/10
    Convenience
    8/10
    Trust
    8/10
    Less
    Lisa, Victoria reviewed about 1 month ago
  • Overall 9/10
    Very happy.

    Interest rates are very good on this card.

    Read full review

    Interest rates are very good on this card.

    Price
    9/10
    Features
    5/10
    Customer service
    8/10
    Convenience
    9/10
    Trust
    9/10
    Less
    Magdalena, Victoria reviewed about 2 months ago
  • Overall 7/10
    Great first card!

    This is a great first credit card perfect for young people to get used to spending with credit. The low interest rate makes it very user-friendly and all of Westpac's services are easy to use and access.

    Read full review

    This is a great first credit card perfect for young people to get used to spending with credit. The low interest rate makes it very user-friendly and all of Westpac's services are easy to use and access.

    Price
    5/10
    Features
    6/10
    Customer service
    6/10
    Convenience
    7/10
    Trust
    8/10
    Less
    Alistair, Tasmania reviewed about 2 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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