Westpac Low Rate Card

Discover a great no-frills credit card in the Westpac Low Rate Card. Choose from either Visa and MasterCard and know that both will bag you a low rate on purchases and balance transfers.

There are two Westpac Low Rate cards available – one from Visa and one from MasterCard. Whichever one you choose, you will be getting the same great low regular purchase rate of just 1.9% p.a. for 9 months (reverts to 13.49% p.a.), and another low rate on balance transfers of 3.99% p.a. for 6 months from the date the account is opened.

Benefits of the Westpac Low Rate Card

Times have been tough economically for a while now, and many people continue to suffer from bills they struggle to pay, and debts that keep attracting interest month after month. The Westpac Low Rate Card provides an answer to both of these problems.

Firstly, if you’ve had to put purchases on your credit card you ordinarily would have covered with cash, a purchase rate of 1.9% p.a. for 9 months (reverts to 13.49% p.a.) ensures that you will not be hit too hard by interest charges should you be unable to clear your balance in full the odd month.

Secondly, if you are carrying a debt on a non-Westpac credit card that is adding insult to injury with its high interest charges, you can take advantage of the Westpac Low Rate card’s balance transfer offer. Imagine dropping your current rate – which could easily be in the mid to high teens – to just 3.99% p.a. for 6 months. Think of the relief of knowing that the majority of the interest you were paying can now go to reducing the actual bulk of the debt. It could make all the difference in how you view your finances.

Key features of the Westpac Low Rate Visa & MasterCard

• Enjoy 3.99% p.a. for 6 months on balance transfers
• Regular purchase interest rate of 1.9% p.a. for 9 months (reverts to 13.49% p.a.) p.a.
• $0 annual fee for the first year ($45 thereafter) annual fee
• Cash advance interest rate of 21.49% p.a. p.a.
• Up to 55 days interest-free on purchases, provided you pay your closing balance (including any promotional amount) in full by the statement due date
• Paperless eStatements available
• Choose either Visa or MasterCard
• Protected by CardShield
• Better card security with an embedded microchip
• Accepted at over 28 million locations worldwide
• Extra security when you shop at participating online merchants by registering with MasterCard SecureCode or Verified by Visa

If you’re thinking that the Westpac Low Rate card isn’t terribly exciting, then you’re missing the point. This is a no-frills credit card that is designed to save you money. There isn’t a rewards program because some people use them as an excuse to spend unnecessarily to accumulate points, and that sort of behaviour goes against the whole reason for carrying the Westpac Low Rate card.

Read the official terms and conditions