Westpac Low Rate Credit Card with no-fuss 0% balance transfers for 28 months and $59 annual fee

Core features and everyday rates

The Westpac Low Rate Credit Card is a straightforward, no-nonsense option for Australians after low-cost plastic. It offers a competitive purchase rate of 13.74% p.a. variable and comes as a Mastercard, so it works widely across stores and online.

You’ll pay a modest $59 annual fee and enjoy up to 55 days interest-free on purchases when you pay the balance on time. Contactless payments and mobile wallets are supported, including Apple Pay, Google Pay and Samsung Pay for everyday convenience.

Balance transfers and SmartPlan flexibility

One of the headline perks is 0% balance transfers for 28 months, ideal if you want to consolidate higher-rate debt. A one-off balance transfer fee of 2% applies, so do the sums to see how much you’ll save during that interest-free intro period.

If you prefer to split big purchases, the card’s SmartPlan instalment feature helps you set up manageable repayments on eligible transactions. Remember the balance transfer rate becomes 21.49% p.a. after the introductory term, so plan to clear transferred debt within the 28 months if possible.

Fees, overseas use and extra charges

Beyond the $59 annual fee, standard charges include a foreign currency conversion fee of 3% and a cash advance fee of 3% for ATM or cash-like withdrawals. Those fees make this card better suited to domestic use or travellers who stick to debit for cash withdrawals.

Additional cardholders can be added at no extra cost, which is handy for partners or family members sharing household expenses. Keep in mind the features are transactional rather than rewards-focused, so if you chase frequent-flyer perks you might want a rewards card instead.

Who’s eligible and how to apply

The Westpac Low Rate Credit Card is available to permanent and temporary residents of Australia, with a typical minimum income threshold around $30,000. You’ll need ID, proof of income and basic personal details when you apply, and Westpac assesses applications to set an appropriate credit limit.

It’s a practical option if you want a reliable card with transparent rates and SmartPlan options. With support for Fitbit Pay and Garmin Pay as well as mainstream wallets, this card suits tech-savvy Aussies who value predictability and low ongoing interest costs.