Westpac Low Rate Credit Card Looks Like A Great Deal
The Westpac low rate credit card offers a very low rate of only on balance transfers from a non-Westpac card made during the first 6 months after establishing the account. But that’s not all. It also offers a low rate of 13.24% on any new purchases made with the card. This low rate double-combo represents an attractive opportunity to make life more manageable by consolidating credit, gift and store card debt in one place.
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
0% p.a. for 6 months |
|---|---|---|
| Interest Rate on Purchases | |
0% p.a. for 6 months (reverts to 13.49% p.a.) |
| Annual Fee | |
$45 |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
21.49% p.a. |
| Card Type | |
Standard |
| Credit Card Type | |
Visa/MasterCard |
| Rewards Program | |
No |
The low purchase rate of is more important than most people are perhaps aware. The key point to remember with any balance transfer credit card is that all payments into the account will always be first directed at repaying the low rate transferred balance. As long as that balance remains positive, any new purchase made with the card will attract the purchase interest rate.
The low balance transfer rate and the competitive regular regular purchase rate are the card’s main attractions. But they are not the only ones. You will also enjoy a low annual fee of only . And once the transferred balance has been completely cleared, the Westpac low rate credit card allows you to enjoy up to 55 interest free days on purchases made with your credit card provided you manage to pay down your balance each month.
Easy Application Process
Applying for a Westpac low rate credit card is quick and easy. It can all be done online at the Westpac website in a matter of minutes. As is usual, you need to be an Australian citizen, over eighteen years of age and provide some form of photo identification to verify name, date of birth and address.
You may also be requested to provide your employer’s address and contact details. Additionally, Westpac may request you to provide pay statements or tax returns in order to substantiate your income. The bank will also likely conduct a credit check to assess your credit history.
The card is branded as either a Visa card or MasterCard. It features paperless e-statements, protection by CardShield, and card security in the form of an embedded microchip. Extra security is available when the card is used at participating online merchants if the card holder registers with Visa or MasterCard SecureCode.
Read the official terms and conditions
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