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
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Mozo editorial review Westpac Low Rate

Last updated: 31 March 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 7 September 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 7 September 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.

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.


Rates and fees information correct as at 21 June 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.
  • 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

  • $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

  • $10.00

  • 2.0

  • 1

  • none

Payment options

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

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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.

See Westpac credit cards