Westpac Low Rate Cashback Credit Card
Apply by 30 April 2024

Westpac Low Rate Cashback Credit Card

Highlights

  • Get up to $350 cashback when you apply online by 30 April 2024 Get a $50 cashback each month you spend over $1,000 for the first 7 statement periods.
  • Low ongoing 13.74% p.a. interest rate on purchases.
  • $59 p.a. annual fee.

Pros and cons

Pros

  • Get up to $350 cashback when you meet the criteria.
  • Low 13.74% p.a. interest rate on purchases.
  • 55 days interest-free on purchases.
  • $500 minimum credit limit.

Cons

  • No rewards program although there is a cashback offer.
  • No complimentary travel insurance.

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The basics

  • Additional cardholders. You can add an additional cardholder for free, allowing you to share the account with a family member. The account holder will be responsible for managing the account and for any repayments.
  • Digital wallets. This card is compatible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.
  • Gambling transactions. Gambling transactions are not allowed with this card.

Rewards and benefits

  • Complimentary travel insurance. The Westpac Low Rate Cashback Credit Card does not provide complimentary international travel insurance coverage.
  • Concierge services. The Westpac Low Rate Cashback Credit Card does not offer a concierge service.
  • Insurances. This card offers repayment insurance and fraud protection.
  • Rewards points. This credit card does not have a rewards program.
  • Sign-up bonus. Westpac offers a sign-up bonus of $350 cashback when you spend over $1,000 on eligible purchases within the first 7 statement periods after card approval.

Rates and fees

  • Annual fee. There is a $59 p.a. annual fee for this card.
  • Balance transfers. The Westpac Low Rate credit card comes with the option of a 0% p.a. balance transfer for 28 months with a 2% balance transfer fee. This reverts to the variable cash advance rate after 28 months.
  • Cash advances. Cash advances with the Westpac Low Rate Cashback Credit Card are subject to a 21.49% p.a. interest rate, with interest accruing immediately. Westpac will charge a one-off fee to process cash advances with this card.
  • Foreign exchange fee. Any purchases made in a foreign currency, either at home or abroad, will incur a 3% fee.
  • Interest-free period. Enjoy up to 55 days interest-free on purchases with the Westpac Low Rate Cashback Credit Card when you pay off your previous balance in full or make the minimum required payment.
  • Purchases. The Westpac Low Rate Cashback Credit Card has an ongoing purchase rate of 13.74% p.a., with no introductory offer.

Nilooka Dissanayake

Reviewed by Nilooka Dissanayake

Writer

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