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Westpac Low Rate Credit Card full review: reduced interest and rewards

If you need an affordable card, check out this Westpac Low Rate Credit Card review to learn how it works and how much it costs for your pocket.

Westpac Low Rate Credit Card: low interest on purchases and balances

See how this credit card for people with low rates works. Source: The Mister Finance.
See how this credit card for people with low rates works. Source: The Mister Finance.

A card that offers low interest is worthwhile, as this Westpac Low Rate Credit Card review will show. 

To sum up, this Mastercard can be a great tool for those looking to save on interest.

Westpac Low Rate Credit Card

How to apply for the Westpac Low Rate Credit Card?

Check out the eligibility requirements before starting to apply for the Westpac Low Rate Credit Card, and earn cashback as a welcome bonus.

It offers 0% p.a. for 28 months and up to 55 days of free interest.

Credit ScoreAcceptable credit history
APR13.74% p.a. (variable purchase rate)21.49% p.a. (variable cash advance rate)
Annual Fee$59
FeesForeign transaction fee: 3%;Cash advance fee: 3.0% of the value of a transaction;Missed payment fee: $15
Welcome bonusUp to $250 cashback ($50 per month for 5 months when spending at least $1,000 on eligible purchases)
RewardsCashback (through Westpac Lounge on ShopBack)

Not to mention that you can earn cash back when shopping on ShopBack through Westpac Lounge.

How does the Westpac Low Rate Credit Card work?

Westpac Low Rate Credit Card is suitable for low rates seekers. If you are part of this public, this Westpac Low Rate Credit Card is worth reading.

In the first place, the card offers low interest on purchases and balances. In fact, you may love to find out that it provides an introductory period of free interest, as follows:

  • Up to 55 days of free interest on purchases;
  • 0% p.a. for 28 months on balance transfers.

However, it is essential to remember that the low intro interest period needs to be requested at the card application.

After this period, regular and variable rates apply, varying from 13.74% p.a. to 21.49% p.a. on purchases and cash advances, respectively.

Also, a $59 annual fee applies.

You can choose a welcome bonus instead of an intro free interest period. If you choose the bonus, you can get up to $250 cashback after spending at least $1,000 on eligible purchases per month for five months, being $50 cashback monthly.

Additionally, the minimum credit limit is $500, which is reasonable considering the tier of this card and its competitors on the market. Moreover, an additional card can be asked for at no extra cost.

Besides, this Westpac card offers discounts on eligible shopping, fraud protection, and some tools to help you manage your repayments, like SmartPlan, Card Autopay, and SMS payment reminders.

Lastly, it is important to mention the app, which is one of the most complete and powerful among banks.

In summary, you can track cash flow, balances, and spending.

Westpac Low Rate Credit Card benefits

You'll get the deal you need, even with a low credit rate. Source: Canva.
You’ll get the deal you need, even with a low credit rate. Source: Canva.

As shown on this Westpac Low Rate Credit Card review, this Mastercard suits people looking for a reduced interest on purchases and balance transfers.

Although some fees apply, you may love to know you can get rewarded for your spending, including earning cashback as a welcome bonus.

Pros

  • The card offers introductory periods of free interest on balance transfers and purchases;
  • It features rewards and a good welcome bonus (conditions apply);
  • It provides fraud protection and an amazing app full of tools to help you manage your spending;
  • An additional cardholder has no extra cost. 

Cons

  • It charges an annual fee;
  • You must choose an offer (cashback or intro free-interest period).

Pre-approved credit cards for low credit score available now

We analyzed your profile and found some offers that you can apply for today.

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How good does your credit score need to be?

It is fundamental to have an acceptable credit rating to be able to apply for this Mastercard, especially because every application impacts credit.

So, check out your score before applying for it.

How to apply for a Westpac Low Rate Credit Card?

If you want a low-rate card, learn how to apply for the Westpac Low Rate Credit Card.

Westpac Low Rate Credit Card

How to apply for the Westpac Low Rate Credit Card?

Check out the eligibility requirements before starting to apply for the Westpac Low Rate Credit Card, and earn cashback as a welcome bonus.

About the author  /  Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by  /  Aline Barbosa

Senior Editor

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