Purchase rate
13.74% p.a.
Balance transfer rate
0% p.a. for 24 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: 18 February 2021.

binocular icon
What's hot
  • 0% balance transfer rate for the first 24 months (1% fee applies)
  • $200 cash-back offer (spending criteria applies)
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 24 months which may appeal to Aussies looking to ditch their credit card debt.

key icon
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.

Westpac is also offering $200 cash-back when new Low Rate cardholders spend at least $1,000 on eligible purchases in the first 90 days of the card being approved (offer available until 31 March 2021!).

And at the moment, new card applicants will be able to blast debt, thanks to the 0% balance transfer offer for the first 24 months (then 21.49% p.a.), available until 31 March 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.

snapshot
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 5 March 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 24 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%

  • $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

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 31 March 2021.

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

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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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