Westpac Low Rate Credit Card (Cashback offer)
Apply by 30 April 2025

Westpac Low Rate Credit Card (Cashback offer)

Highlights

  • Get up to $350 cashback when you apply online by 30 April 2025. Receive a $50 cashback monthly for spending over $1,000 in the first 7 statement periods.
  • 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

  • Get up to $350 cashback when you meet the criteria.
  • The $59 p.a. annual fee keeps costs low, with no fee in the first year if you're already with Westpac.
  • Start with a credit limit as low as $500, helping you manage your spending.
  • Supports Apple Pay, Google Pay, and Samsung Pay.

Cons

  • No rewards program although there is a cashback offer.
  • No complimentary travel insurance, which is typical for a low-rate card.

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    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. 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. This card doesn’t include a balance transfer offer, but the Westpac Low Rate Credit Card (Balance transfer offer) might be a good option for balance transfers.
    • 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.

    Nilooka Dissanayake

    Reviewed by Nilooka Dissanayake

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