Experience financial freedom with the Westpac Low Fee Credit Card—offering low fees and great benefits tailored for savvy spenders.
What you need to know about this credit card:
- Minimum Income: $30,000 per annum required.
- Minimum Credit Limit: Starts from $500.
- Annual Card Fee: $0 first year; $30 ongoing, waived if you spend $5k annually.
- Purchase Interest Rate: Variable rate of 20.99% p.a.
Pros
- Cashback Offers: Up to $200 cashback when spending criteria are met in the first four months.
- No Annual Fee First Year: Enjoy $0 card fee for the first year.
- Fee Waiver Opportunity: Ongoing annual fee waived with $5k annual spend.
- Interest-Free Days: Up to 55 days interest-free on purchases.
- Low Credit Limit Option: Accessible starting limit of $500 suits various budgets.
Cons
- High Purchase Interest Rate: Variable rate of 20.99% p.a. can accumulate if balances aren’t paid in full.
- Foreign Transaction Fee: A 3% fee applies to overseas transactions.
Why Choose Westpac for your credit card?
Compared to Commonwealth Bank, Westpac offers more generous cashback incentives for new cardholders.
While NAB provides low-fee cards, Westpac’s annual fee waiver with $5k spend is a standout feature.
ANZ’s similar cards may lack the combination of cashback and fee waivers that Westpac offers.
Macquarie Bank’s credit cards often have higher income requirements than Westpac’s $30k minimum.
HSBC may not provide the same level of interest-free days as Westpac’s up to 55 days on purchases.
Westpac Low Fee Credit Card: let’s get to know it a little better
How to apply for your Westpac Low Fee Credit Card
Unlock the benefits of the Westpac Low Fee Credit Card today—click below to explore all the details and take the first step toward smarter spending.