2Westpac Low Rate

Westpac Low Rate

2Westpac Low Rate
3.6

61 reviews

PositivevsNegative
61%20%20%

Transparency
4.0
Customer Service
4.1
Rates and Fees
3.7
Rewards
3.4
Online Experience
4.2
Application Process
4.2
$400 Cashback with $1,000 minimum spend within 90 days of card approval
Low $59 Annual Fee & Low Interest Rate of 13.74% p.a. on purchases
One additional cardholder at no extra cost
0% p.a on Balance Transfers for 28 months
3% Foreign Transaction Fee
1% Balance Transfer Fee
Brand Manager for Westpac? Claim your listing.

Details

CategoryLow Rate Credit Cards and Balance Transfer Credit Cards
Card TypeMastercard
BenefitsCashback Offer
Minimum Credit Limit $500
Maximum Credit Limit $25,000
Minimum Income $15,000
Additional Cardholders 1
Additional Cardholder Fee $0 p.a.
Minimum Repayments2%
Contactless PaymentsFitbit Pay, Garmin Pay, Google Pay and Samsung Pay
Rates & Fees
Purchase Rate13.74% p.a.
Cash Advance Fee2%
Late Payment Fee$15
Annual Fee$59 p.a.
Foreign Transaction Fee 3%
Overseas ATM Withdrawal Fee$2.50
Interest Free Period 55 days
Cash Advance Rate21.49% p.a.
Introductory Offers
Introductory Offers

$400 Cashback with $1,000 minimum spend in the first 4 months from card approval

Balance Transfer Rates
Balance Transfer Period 24 months
Balance Transfer Rate 0% p.a.
Balance Transfer Fee 1%
Release date
Visit official website

Reviews

61 reviews
Azadeh S.
Azadeh S.Greater Melbourne (Metropolitan), VIC2 posts
 

I won’t apply for their credit card ever again!

Be careful applying for Westpac credit cards! I do have both my residential and my investment home loan, I had credit card with hsbc for many years with no issue, yes rate was a bit high, but I found them pretty safe and secure, decided to close my hsbc credit card and get one from Westpac that all my salary and rental income and others go into and my total income is not low at all, believe it or not bank rejected my application even for 3k, my credit score was excellent, with no specific reason! Which ruined my credit score :( not happy with credit team at all!
robins60
robins60ADELAIDE98 posts
 
Transparency
Customer Service
Rates and Fees
Online Experience
Amanda
AmandaCentral Highlands and Goldfields, VIC5 posts
 

Rates are bit high

I have this card for a while now. No issues with the card while shopping. The only thing is the rates are on the higher side which can become an issue while you fail with your payments Show details
Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Henri
HenriMid North Coast, NSW8 posts
 

High interest rates

I have a Credit Card and its handy but I try really hard not to use it to much as the interest rates are so very high and because of the convienence you can overcommit so easily before you know it especially at Xmas time, then your paying off this debt with high interest as well for the rest of the year only to start all over again next Xmas. I try to keep my credit card Very very low so I know I can pay it off without suffering the rest of the year. Show details
Rates and Fees
Rewards
Online Experience
Adrian
AdrianPerth, WA14 posts
  Verified

So far so good

Signed up a few weeks ago for this card on the back of their spend $800, get $250 cashback promotion. The only hiccup was I didn't receive the card, so I had to call to cancel. But within a few days the new one arrived and I have started spending. I will probably only use it to make the spend amount so I can get the cashback as I don't really need another credit card and as far as I'm aware this one doesn't earn points. But for the cashback it's definitely worth it if you think you can meet the spend criteria within the timeframe (90 days I believe). Show details
Rates and Fees
Mon
MonSydney, NSW2 posts
  Verified

Hassle free application process

I applied for this card because of $250 cashback on $800 spend back in August, still worth it after all the annual fees. Application process is hassle free and quick, which is very important in making the whole experience. Show details
Rates and Fees
Kelsi
Kelsi
 

Low Rate Suits Needs

I wish it didn't have fees but the low rate has been good to do a balance transfer and cut the interest rate that I was paying. Happy with the service. Show details
Rates and Fees
drek s.
drek s.Greater Melbourne (Outer), VIC3 posts
  Fair Incentive

Best cashback

This card i applied for cashback purpose. Though there is fees but still cashback is very good i.e. 250 aud on 800 spent. and if we less 59 aud fees then it would be around 190 aud i.e. really good amount. Show details
Mr. Sir
Mr. Sir4 posts
 

Gets the job done

Signed up for a cashback program and received the cashback in the time frame specified.
The sign up process was simple enough.
This card gets the job done, allowing you to make purchases online and instore. Also supports paywave.
There are better cards out there though as this one has an annual fee.
In summary, if there wasn't a cashback program to offset the annual fee, I wouldn't have signed up. Show details
Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Sam
SamSouth East Queensland, QLD3 posts
  Fair Incentive

Good value and make use of Westpac benefits but has annual fees

It's good value card but has annual fees. Some bank like commbank low rate waive fees when used more than $1000. I found Westpac has rigorous security and they block my card when I entered wrong password multiple times. It's bit annoying to visit branch to unblock the card. Show details
Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Kieana.B
Kieana.BPeel, WA8 posts
  Verified

Awesome card

Great credit card as my first one. Use it for pretty much everything and then pay it off each fortnight. I love that I don’t have to worry about bills or transferring from savings. Overall great card with basic features so it doesn’t tempt me to spend for rewards etc Show details
Darciejo
DarciejoHunter Region, NSW8 posts
  Verified

Ok for a first credit card

This card was very basic, low rate, low fees, but that's about the only things it had to offer. I was approved at 18 with a low income so it's more a first time credit card. Show details
Transparency
Customer Service
Rates and Fees
Online Experience
Application Process
Corky
CorkyBlackwater15 posts
 

Very easy and quick application

Very pleased with this credit card, so easy to apply and fast approval and quick card delivery. Website very easy to navigate, the incentive of the $250 cash back was very appealing. Show details
Marcel B.
Marcel B.Peel, WA12 posts
 

Great Card to start off with

It’s a low rate credit card that is an entry level to cards with Westpac. It’s very basic so it doesn’t have any reward points attached to it, however it does have cash back offers. They run promotions with other stores where if you spend x amount they credit your card with a certain amount back for your purchase.

Overall my experience has been great, it’s very easy to transfer to via BPAY or usual online transfer. I’ve used it in Indonesia and didn’t notice any international fees however they do charge a 3% fee when paying to an overseas store. Happy to have my card through westpac Show details

Online Experience
Bruce
BruceSouth East Queensland, QLD15 posts
 

Grab it with a promo

A basic card with basic features, but the sign-on cashback bonus makes it worthwhile. Otherwise, what do you get for the annual fee...? nothing really.
Plenty of other (better) $0 cards out there once you've cashed in on the cash-back especially given 3% Foreign Currency fee, no rewards, no apple pay, no insurances.
As a current Westpac customer sign up (and cancellation) processes very easy - great app. Show details
Transparency
Customer Service
Rates and Fees
Rewards
Online Experience
Application Process

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