What you're applying for
Let’s recap on your choice of a Low Rate card
Low Rate Card
Our credit card that provides access to a revolving credit facility to make payments with a lower purchase interest rate
The important numbers
The following standard credit card interest rates, annual card fees and credit limits apply for the new card:
- Minimum credit limit of $500
- Annual card fee of $59
- Variable purchase rate of 13.74% p.a. and variable cash advance rate of 21.99% p.a.
Up to $350 cashback
★ Get rewarded when you spend
Up to $350 cashback – $50 cashback for each month you spend $1k or more on eligible purchases in the first 7 months from card approval<.
Offer not available if you’ve held a Westpac credit card in the last 24 months. New cards only. Credit criteria and T&Cs apply. Month is based on your credit card statement.
Eligibility and what you'll need
Considerations
- A higher interest rate on purchases than our Lite card
- A higher annual card fee than our Low Fee card
- No rewards points or complimentary insurances
Other options:
Credit cards are a secure payment method for short-term borrowing needs such as everyday purchases or unplanned expenses, with some cards offering additional features like rewards. However, there are instances where it might be worth considering another form of credit:
- You have a longer-term or specific borrowing need, like a car or home renovations. In this case, view our Personal loans
- You want a repayment schedule with fixed repayments and a defined loan end-date. In this case, view our Personal loans
- You need ongoing help with short-term cashflow (and if applying online, already have a Westpac Home Loan, or paid your income into one of our transaction or savings accounts for over six months). In this case, view our Flexi Loan.
Things you should know
Credit criteria, fees and charges apply. Credit Card Product Switches, upgrades or Westpac group staff are ineligible.
This promotion may be varied or withdrawn at any time and is not available in conjunction with any other promotion.
<Low Rate Cashback promotion: the up to $350 cashback offer is available when you apply and are approved for a new Low Rate credit card between 31st October 2024 and 30th April 2025. $50 cashback will be awarded for every month (statement period) $1k or more is spent on eligible purchases for the first 7 statement periods from card approval. Eligible purchases made in one statement period do not contribute to subsequent statement period offer eligibility. Eligible purchases do not include interest, fees, charges, cash or ATM cash advances, cash equivalent transactions, gambling transactions, a purchase from or payment to a local, state or federal government or government related agency, BPAY or similar transactions (such as Post Billpay), refunds and balance transfers debited to the card account. Cashback is only available on one credit card account per customer. $50 cashback will be paid as a statement credit to your Low Rate credit card account within 60 days of meeting the minimum spend criteria. Current Westpac credit card customers or customers who have held a Westpac credit card in the last 24 months are not eligible for this offer. This promotional offer is not available if you apply under the Westpac Premier Advantage Package.