How to apply for the Westpac Low Rate Credit Card

Before we dive into how to apply for the Westpac Low Rate Credit Card, let’s quickly recap why it’s such a great payment tool.

Firstly, you’re in charge of deciding which benefit makes the most sense for you. It’s great to have the option to choose between two amazing introductory offers: up to $350 cashback or a balance transfer with no interest for up to 26 months.

Plus, there’s a hidden perk for existing Westpac customers: your first year will be free from the annual fee!

But if you’re a new customer, don’t worry. The annual fee is still low, at just $59 a year.

Now, let’s check out the list of requirements and documents you’ll need to successfully apply for this card.

To apply, you must:

Be 18 years or older
Prove your ability to pay with a regular income: You’ll need to show that you have financial stability with a regular income of at least $30,000 per year
Be an Australian citizen or permanent resident
Have a fixed residential address in Australia that can be verified

Additionally, people who are up to date with regular payments like loans, rent, and other financial commitments are more likely to get approved.

Essential documents and information to complete the application:

Use at least two forms of ID to increase verification security: Australian driver’s licence, Medicare card, passport, or Australian birth certificate
Proof of income: The last 3 payslips, government statements, or rental income proof, for example
What you need if self-employed: recent business bank statements and previous ATO Notice of Assessment
Proof of address: Recent utility bills like water, electricity, and others

What’s the credit limit for the Westpac Low Rate Credit Card?

Each customer can receive a different offer based on their income and credit rating. However, the company states that the minimum limit starts at $500.

Even if this seems like a small amount, remember that the priority of this card is to be a cost-effective tool. Cardholders may receive updates on the limit as they show responsible card usage.

In short, make regular payments and avoid paying just the minimum to improve your chances of getting a limit increase.

Is it safe to apply online?

Absolutely! The platform is equipped with multiple layers of security to protect your data.

Plus, your information will be used solely for credit assessment.

Transaction protection is the company’s priority from the application phase to card usage after approval.

Firstly, they use technology to monitor activity and detect any potential fraud.

Lastly, you’ll be in a secure online environment, but you can contact customer service anytime if needed.