Westpac Low Rate Credit Card
For a bare-bones, knock-about-town credit card, the Westpac Low Rate MasterCard or Visa offers a low annual fee, no frills, and one of the lowest interest rates around. It’s perfect for those who can’t be fussed over a rewards scheme or frequent flyer miles. The Westpac Low Rate strips away all those expensive extras, leaving a credit card that makes good financial sense.
Looking for all-around low rates?
The Westpac Low Rate credit card offers an incredibly low 11.74% p.a. rate on purchases and 19.98% p.a. on cash advances. That’s one of the lowest rates in Australia—and the cash advance rate is lower than some banks’ purchases rate! The annual fee is only $45, less than half that of some competing credit cards. So if all you need is a card for knocking around, there’s simply no reason to pay more.
Looking to escape other cards’ high interest rates?
Tired of paying high rates on your credit cards with balances over $200? Transfer those balances from your other bank cards to the Westpac Low Rate and save a bundle. The Westpac Low Rate credit card offers 3.99% p.a. for the first six months on balances transferred from competing banks’ accounts at the time the application is made, giving you a good shot at paying that down without having to fight high interest charges.
Looking for lots of interest free days?
If you pay off your balance in full each month, including transferred balances, then Westpac gives you up to 55 interest free days on purchases. Some competing cards only offer up to 44 days, which gives you additional time to pay off that balance before interest is accrued.
Worried about repayments if something goes wrong?
Nobody likes to think about it, but accidents happen, and so do job losses and illnesses. Westpac offers additional, optional insurance for your credit card at equally low rates, to cover your repayment obligations if you can’t for job- or health-related reasons. It’s peace of mind for pennies, available for those working fulltime or part-time greater than 15 hours per week.
Where can I get one?
Click on the Credit Card Application link on our homepage for a quick and easy way to browse through our website. Or, alternatively click on the apply now button next to the credit card of your choice and submit your application online today.