Westpac Airpoints Mastercard

The basics

• Additional cardholders. Add additional cardholders for $15 p.a. with two instalments of $7.50.
• Digital wallets. Westpac credit cards in New Zealand support Google Pay and Apple Pay, but no other digital wallets.
• Gambling transactions. Westpac allows gambling transactions but treats them as cash advances.

Rewards and benefits

• Complimentary travel insurance. The Westpac Airpoints Mastercard does not offer complimentary international travel insurance.
• Concierge services. The card does not get you access to concierge services.
• Insurances. This card does not offer extended warranty or purchase protection covers.
• Rewards points. Earn uncapped Airpoints Dollars at the rate of 1 Airpoints Dollar per $150 spent up to $3,500 and then 1 Airpoint Dollar per $300 of qualified spending.
• Sign up bonus. There is no sign up bonus offer for new customers.

Rates and fees

• Annual fee. Westpac charges an annual fee of $70 p.a. for this card, which must be paid in advance in 2 six-monthly instalments of $35 each.
• Balance transfers. This card offers a 5.95% p.a. balance transfer offer for life. This offer is quite in contrast with how most banks treat balance transfers, which typically have an introductory rate for a few months that reverts to a much higher cash advance or purchase rate.
• Cash advances. Cash advances will be charged interest at 22.95% p.a., with interest beginning to accrue immediately. There are no cash advance fees, which is uncommon.
• Foreign exchange fee. This card charges a 1.95% foreign exchange fee for purchases made in a foreign currency, either overseas or online.
• Interest-free period. Take advantage of up to 55 days interest-free on purchases (excluding cash advances) when you have paid your previous balance in full by the due date.
• Purchases. There is currently no introductory offer on purchases. Cardholders will be charged the ongoing rate of 20.95% p.a. for purchases.