The Westpac Low Rate credit card is simple to manage and straightforward, offering great benefits for those who prioritise low maintenance costs.
First of all, this review is for you to discover why it’s so economical and to understand how the special offers work.
Right off the bat, you have a big choice to make: earn up to $350 in cashback or solve credit card debt issues with a balance transfer at 0% interest for 26 months.
Additionally, the Westpac credit card is designed to keep your finances in order thanks to its affordable rates.
With an annual fee of only $59 and up to 55 days interest-free on purchases, it offers a practical way to manage your payments without worrying about big extra costs.
Let’s explore each of its benefits and the most relevant information to help you decide if it’s the best option to carry in your wallet!
What to Expect from the Westpac Low Rate Credit Card
- Low annual fee: Just $59 per year.
- One of the lowest purchase rates we’ve seen on the market: 13.74% p.a.
- Up to 55 days interest-free on purchases: This time period to pay for your purchases without the pressure of accumulated interest is perfect for keeping your finances in order.
- Consistently low costs: The best condition for those who pay off the full balance each month.
- Access to digital tools: Manage your card through the Westpac app with real-time transaction monitoring and security features like locking and unlocking whenever you need.
- Option to add one additional cardholder (16 years or older) at no extra cost.
- Instant activation after approval: You don’t have to wait for the physical card to arrive to start using it, as it’s compatible with digital wallets like Apple Pay, Samsung Pay, and Google Pay
- Personalised Introductory Offers: Cashback or Balance Transfer with 0% Interest
Earn up to $350 Cashback on Your New Card
This is the first offer for new applicants. If you like the idea of earning cashback based on your spending, this is a must-have offer.
When you apply for the Westpac Low Rate Credit Card, you can earn up to $350 in cashback over your first year of use.
There’s no big secret to getting it: for each month you spend $1,000 or more on eligible purchases during the first seven months, you’ll receive $50 cashback.
In other words, you can earn a reward just for using your credit card—something you were going to do anyway—with no extra effort.
With a limit of up to $350 in returns, this is an easy way to cut down your expenses during the first year with the card.
The Westpac Low Rate Credit Card is a Solution for Consolidating Debt Through Balance Transfer:
Secondly, customers can opt for the balance transfer offer with 0% interest for 26 months.
This is the ideal condition for consolidating debts from other credit cards into one place, without the stress of high interest for a comfortable period.
If you want to take up this offer, remember to select it during the application process.
Initially, you’ll pay only a 2% fee, but after 26 months, the interest rate will revert to the variable cash advance rate, so it’s important to pay off the balance within the time frame.
Key Fees
Before applying for any credit card, it’s essential to be aware of the fees it carries.
- Annual fee: $59
- Purchase interest rate: 13.74% p.a.
- Cash advance rate: 21.49% p.a.
- Balance transfer fee: 2% of the amount transferred
- International transaction fee: 3% of the transaction amount
These fees are competitive compared to other cards available in the Australian market, especially for those looking for an economical and practical option for everyday use.
So, Is It Worth Applying for This Credit Card?
Do you like to keep your finances under control and want a basic and efficient card? Well, this is a smart choice!
As long as you don’t forget important details, like the balance transfer rate reverting to the cash advance rate after the promotional period, and consider your financial needs, you’ll likely be very happy with this card.
Plus, the application process is fast and secure in an online and accessible process.
So, if you don’t want to waste time and want a quick response and immediate use after approval, you can check out the requirements to apply now!