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Westpac Low Rate Credit Card

The Westpac Low Rate Credit Card offers 0% p.a. for 28 months on balance transfers, or $350 cashback. Ongoing benefits include a low ongoing interest rate.


Updated 3 April 2024


Fact checked and verified. Updated 3 April 2024
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Expert Review

As the name suggests, the Westpac Low Rate credit card is one of Westpac's low interest rate products. Featuring a competitive Purchase interest rate of 13.74% p.a., and including up to 55 interest free days, this product is great for minimising interest and managing cash-flow, if you want flexibility with your monthly repayment. Of the 200+ credit cards reviewed by Stay or Go, this card ranks among the best 25% lowest purchase rates. Further, the product has a $59 annual fee. As a result, this card ranks among the lowest 25% annual fee products.

Considering its key features, this card is most suitable to someone who wants the peace of mind that if they do need to pay interest from time to time, the rate will be competitive. Other benefits include no additional cardholder fees.

This Westpac Low Rate credit card currently features a choice of two introductory offers.

Offer 1: Balance Transfer.
For a limited time the Westpac Low Rate credit card has a special 0% p.a. Balance Transfer offer for 28 months. Of note, there is also no Balance Transfer fee which is a significant benefit. To get this offer, there will be certain eligibility criteria that you should be aware of before you apply.
Offer 2: $350 cashback.
For a limited time the Westpac Low Rate credit card has a $350 cashback offer. To get this offer, there will be certain eligibility criteria that you should be aware of before you apply.

Product Details
Our Low Rate Card provides a low interest purchase rate plus a low annual card fee to help trim your credit card costs."
- Westpac
Rewards

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No rewards program

Fees
Account Fees

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$59 annual account fee

Additional Cardholder Fees

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No additional cardholder fee

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Up to 1 additional cardholder

Transaction Fees

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3.00% international transaction fee

Other fees may apply.

Rates

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13.74% p.a. variable purchase rate

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21.49% p.a. variable cash advance rate

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Up to 55 interest free days on purchases

Offers
Balance Transfer Offer

0% for 28 monthson balance transfers, reverts to 21.49% p.a.

Cash Back Offer

$350cashback

Receive up to $350 cashback. $50 cashback for each month you spend $1k+ on eligible purchases in the first 7 months from card approval
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TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the Westpac website.

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