Westpac Low Rate Credit Card (Balance transfer offer)
Highlights
- Get a 0% interest rate on balance transfers for 26 months with a 2% transfer fee. After that, the rate changes to 21.99% p.a. for cash advances.
- A low 13.74% p.a. interest rate on purchases helps keep costs manageable.
- Split purchases over $100 into 4 payments over 6 weeks with PartPay, making it easier to manage larger expenses.
Pros and cons
Pros
Cons
History
Our review
Convenience
Customer service
Rates and fees
Rewards
Trust
The basics
- Additional cardholders. You can add a cardholder for free, allowing you to share the account with a family member. The account holder will be responsible for managing the account and making any repayments.
- Digital wallets. This card is compatible with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, and Garmin Pay.
- Gambling transactions. Westpac permits gambling purchases while providing the flexibility to block or unblock gambling transactions as needed.
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. No sign-up bonus is offered, but you can opt for the cashback option if that suits you better.
Rates and fees
- Annual fee. This card has a $59 p.a. yearly fee, waived in the first year for Westpac customers.
- Balance transfers. The Westpac Low Rate credit card comes with the option of a 0% p.a. balance transfer for 26 months with a 2% balance transfer fee. This reverts to the variable cash advance rate after 26 months.
- Cash advances. Cash advances with the Westpac Low Rate Cashback Credit Card are subject to a 21.99% 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.
Reviewed by Finty Staff
User reviews
Convenience
Customer service
Rates and fees
Rewards
Trust
This product has not been reviewed yet. Click here to write your review and help others make a better decision.
