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 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 and balance transfer offers for new cardholders.
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.
$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 over the first four statement periods from card approval. Additionally, with this option, there is a 6.99% balance transfer offer for the first 12 months (21.49% p.a. cash advance rate applies afterwards). This is a limited-time offer which is available until 30 June 2022, 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 June, 2022.
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 |
|
|
none |
|
|
none |
|
|
none |
|
|
$15.00 |
|
|
3% |
|
|
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 |
|
|
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee) |
|
|
yes |
|
|
21.49% p.a. |
|
|
55 |
|
$59.00 |
|
|
none |
|
|
none |
|
|
none |
|
|
$15.00 |
|
|
3% |
|
|
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 up to $400 Cashback when you take out a new Low Rate Credit Card. Get $100 for every $1,000 spent on eligible purchases for the first 4 statement periods from approval.
Need to be more customer friendly and flexible to payment and interest.
Read full reviewNeed to be more customer friendly and flexible to payment and interest.
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.
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0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
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Westpac
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13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
St.George
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0% p.a. for 32 months and then 21.49% p.a.
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0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
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0% p.a. for 32 months and then 21.49% p.a.
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BankSA
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13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
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$99 $29 in the first year
Rewards
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Qantas Frequent Flyer
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75,000
0.5 points up to $100,000/year
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100,000
1 point uncapped
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100,000
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1 point uncapped
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Qantas Frequent Flyer
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0.5 points uncapped
Bank of Melbourne
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0% p.a. for 32 months and then 21.49% p.a.
13.99% p.a.
$55 $0 in the first year
BankSA
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0% p.a. for 32 months and then 21.49% p.a.
13.99% p.a.
$55 $0 in the first year
HSBC
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0% p.a. for 36 months and then 21.99% p.a.
19.99% p.a.
$129 $29 in the first year
Rewards Plus
St.George
Vertigo
0% p.a. for 32 months and then 21.49% p.a.
13.99% p.a.
$55 $0 in the first year
St.George
Amplify Rewards Platinum
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
19.49% p.a.
$99
Qantas Frequent Flyer
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0% p.a. for 20 months and then 11.99% p.a. (2.00% balance transfer fee)
0% p.a. for 20 months then 11.99% p.a.
$45
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Amplify Rewards Platinum
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
19.49% p.a.
$99 $29 in the first year
Rewards
Westpac
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6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59
St.George
Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
BankSA
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13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
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Low Rate
13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Bank of Melbourne
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13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
Bendigo Bank
Low Rate Credit Card
0% p.a. for 20 months then 11.99% p.a.
0% p.a. for 20 months and then 11.99% p.a. (2.00% balance transfer fee)
$45
NAB
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12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
$59 $0 in the first year
NAB
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12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a. (0% balance transfer fee)
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0% p.a. for 20 months and then 11.99% p.a. (2.00% balance transfer fee)
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0% p.a.
No current offer
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BankSA
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0% p.a. for 12 months then 20.74% p.a.
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NAB
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No current offer
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