About Westpac

Westpac is one of the most respected banks in Australia. Established in 1817 as the Bank of New South Wales it is also one of the first banks of the nation. Over the years they have grown through mergers and acquisitions to become the Westpac of today. Legally Westpac was formed in the year 1983 after the acquisition of the Commercial Bank of Australia.

Recently they have merged with another great financial institution, the St.George bank. In total this multi-brand corporation serves the needs of over 10 million customers in Australia and New Zealand. Among their range of financial products are included a full line of credit cards. These credit cards span the whole range from the very basic card with decent rates to privilege cards that are also much more expensive to maintain.

About the Card

The Westpac No Annual Fee credit card is a great way to get introduced to the banking services of Westpac, assuming you are not already a customer of the bank. As an entry level credit card, the features and benefits are intentionally geared toward minimising costs. This card is aimed squarely at the budget-conscious customer who simply needs a bare-bones, no-frills card which offers strong protection against scams and frauds. If that is your goal in seeking a new credit card then the Westpac No Annual Fee credit card would be an ideal choice for you. Here are some of the major benefits offered by this card:

  • $0 Annual Fee – the no annual fee feature is not a special promotional deal, but valid for the life of the card.
  • Low rate balance transfers – new applicants of this card can transfer an existing credit card balance (from a non-Westpac group bank) at a very competitive rate of 3.99% p.a. for 6 months.
  • The interest rate on purchases is 19.99% p.a., while cash advances are charged interest at 21.49% p.a. (these are the current rates in effect, they might change any time in response to economic conditions)
  • Greater security – the embedded microchip offers an added layer of protection, and the MasterCard SecureCode feature gives an extra level of security in online usage.
  • Convenience in shopping – like all MasterCards this card is accepted at over 28 million retail outlets worldwide, giving you maximum flexibility in shopping options.

You will notice that the Westpac No Annual Fee credit card does not feature any reward program or interest free days. By removing most of the fluff Westpac has succeeded in packaging a credit card product that is perfect for the minimalist consumer who likes to keep shopping alternatives open while eliminating the administrative costs of owning a credit card.