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 | n/a |
| | Low Rate - Cashback Offer | n/a |
Low Rate
Rewards: n/a
Low Rate - Cashback Offer
Rewards: n/a
With a competitive rate and low annual fee (which is waived in the first year), 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 and balance transfer offers for new cardholders.
Westpac's Low Rate credit card is all about value. With a low annual fee of $59 (which is waived in the first year), 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.
$400 cashback offer
New cardholders will be able to score $400 cashback when they take out a new Low Rate credit card and spend $4,000 on eligible purchases within 120 days of the approval date. This is a limited-time offer which is available until 30 November, 2021 though, so get in quick if you’re interested.
0% balance transfer offer for 28 months
Alternatively, eligible new Low Rate credit card applicants can choose to make a dent in their existing credit card debt by taking advantage of a 0% balance transfer offer for the first 28 months (21.49% p.a. cash advance rate applies afterwards). Remember, there is a 1.00% set-up fee on the balance transfer, and the offer is available until 30 November, 2021.
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 or balance transfer offers.
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 21.49% p.a.
| 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 |
Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay
| 13.74% p.a. | |
| none | |
| No current offer | |
| 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 |
Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay
Receive $400 Cashback when you take out a new Low Rate Credit Card and spend $4,000 on eligible purchases within 120 days from approval.
Thank you
Read full review1. Local and convenient 2. Service (counter) - excellent 3. Fees - nil 4. Friendly 5. Some waiting but normal for busy shopping centre
Read full review1. Local and convenient 2. Service (counter) - excellent 3. Fees - nil 4. Friendly 5. Some waiting but normal for busy shopping centre
Big 4 bank, not so different to smaller bank. Always looking after profits, not customers.
Read full reviewBig 4 bank, not so different to smaller bank. Always looking after profits, not customers.
Westpac have been fantastic especially in times of struggle and stress. The card I have is easy and cheap to use.
Read full reviewWestpac have been fantastic especially in times of struggle and stress. The card I have is easy and cheap to use.
This bank is the best, I have been with them for the last 30 years.
Read full reviewThis bank is the best, I have been with them for the last 30 years.
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