Low Rate - Cashback Offer card image

Westpac Low Rate

Advertiser disclosure
The details shown below are for a card without rewards
The details shown below are for a card without rewards

Choose the version of this credit card that suits you best

Name Rewards program
Low Rate - Cashback Offer n/a
Low Rate n/a
  • Low Rate - Cashback Offer
    Rewards: n/a
  • Low Rate
    Rewards: n/a
Purchase rate
13.74% p.a.
Balance transfer rate
No current offer
Annual fees
$59
Interest free days on purchases
55
Purchase rate
13.74% p.a.
Balance transfer rate
0% p.a. for 28 months and then 21.99% p.a. (2.00% balance transfer fee)
Annual fees
$59
Interest free days on purchases
55

Mozo editorial review Westpac Low Rate - last updated: 20 June 2024

binocular icon
What's hot
  • Cashback offers
  • Up to 55 days interest-free on purchases
  • 2023 Mozo Experts Choice Award winner
What's not
  • 21.99% p.a. cash advance rate
Mozo snapshot

With a competitive rate and low annual card fee, Westpac's Low Rate credit card could provide a simple, cost-effective option for cardholders. But don’t confuse simplicity with a lack of options, because the Low Rate card also comes with a number of useful features as well as cashback for new cardholders. 

This card is also the winner of a 2023 Mozo Experts Choice Award for best Balance Transfer Credit Card. This card's PartPay feature also won this card an award for best Credit Card Payment Plan

key icon
Key features

Westpac's Low Rate credit card is all about value. With a low annual card fee of $59, a relatively competitive 13.74% p.a. purchase rate, and up to 55 interest-free days, the card has all the potential to be a budget-friendly option.

You can use the Low Rate card overseas or when shopping online wherever Mastercard is accepted and it comes with Mastercard Tap & go functionality for purchases under $100. All foreign transactions will have a 3% foreign exchange margin added to the Australian dollar amount though.

The value doesn’t stop there though, as Westpac is currently giving new Low Rate credit card applicants the choice between two different limited-time offers. 

$350 cashback offer

New cardholders will be able to score $350 cashback when they take out a new Low Rate credit card and spend $1,000 per month for the first five statement periods (ie. total of $5,000) from card approval. Additionally, with this option, there is a 21.99% p.a. cash advance rate. This is a limited-time offer which is available until 31st July 2024, so get in quick if you’re interested (T&Cs apply). 

Balance transfer offer

New Westpac customers are also offered a competitive balance transfer rate of 0% p.a. for 28 months, after which the rate reverts to the variable cash rate of 21.99% p.a. This limited-time offer is available until 31st July 2024 (T&Cs apply). Just keep in mind there is a 2% balance transfer fee.







snapshot
Who is it good for

Westpac's Low Rate credit card could be an option worth considering for anyone looking for an affordable, no-frills card that offers good value for money. Especially for those who can make the most of the limited-time cashback offers. 

question icon
Any catches

Remember, like most credit cards, cash advances will attract a rate much higher than the normal purchase rate. In the case of the Low Rate card, the cash advance rate is 21.99% p.a.

Details

Rates and fees information correct as at 14 July 2024 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

No current offer

yes

21.99% p.a.

55

Fees

$59.00

none

none

none

$15.00

3%

3.00%

$0.00

$0.00

$0.00

Features

$10.00

2.0

1

none

Payment options

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

Other benefits

Receive $350 cashback when they take out a new Low Rate credit card and spend $1,000 per month for the first five statement periods (ie. total of $5,000) from card approval by 31st July 2024. (T&Cs apply). $59 First Year Annual Card Fee for existing Westpac customers who apply and are approved by 31st July 2024.

Details

Rates and fees information correct as at 14 July 2024 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 21.99% p.a. (2.00% balance transfer fee)

yes

21.99% p.a.

55

Fees

$59.00

none

none

none

$15.00

3%

3.00%

$0.00

$0.00

$0.00

Features

$10.00

2.0

1

none

Payment options

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

Other benefits

$59 First Year Annual Card Fee for existing Westpac customers who apply and are approved by 31st July 2024.

Customer Reviews

How are Westpac credit cards rated by the Mozo community?

Overall
7.3/10
Price
5.9/10
Features
6.0/10
Customer service
6.9/10
Convenience
7.6/10
Trust
7.0/10
Based on 4737 Westpac credit card reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

Latest reviews of Westpac Low Rate Credit Card

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