Smart Low-Interest Card for Kiwis, Westpac Low Rate Mastercard
Westpac Low Rate Mastercard for Kiwis, a low‑interest credit card NZ at 13.45% p.a., up to 55 days interest‑free and just $25 a year
Low interest that makes a difference
The Westpac Low Rate Mastercard is a practical choice for Kiwis who want a low interest credit card NZ without fuss. With a purchase rate of 13.45% p.a., this Westpac Low Rate Mastercard helps reduce the cost of carrying a balance compared with higher-rate cards.
For households juggling everyday bills or planning larger purchases, the low-rate feature means interest charges bite less into your budget. That straightforward saving is exactly why many New Zealanders prefer a low-rate credit card over heavy reward-driven alternatives.
Fees, interest-free days and balance transfers
The card charges an affordable $25 a year, typically split into two semi-annual payments, keeping ongoing costs minimal. You also get up to 55 days interest-free on purchases when you pay the statement balance in full each month, which is handy for managing cash flow month-to-month.
Balance transfers are another strong point: 5.95% p.a. for the life of the transferred balance lets you consolidate expensive debt under a single low-rate credit card NZ. You can transfer up to 95% of your approved limit, helping you simplify repayments and tackle high-interest balances faster.
Everyday benefits and travel perks
Despite being a no-frills option, the Westpac Low Rate Mastercard includes modern conveniences like contactless payments for quick tap-and-go transactions. Practical features such as 24-hour emergency card assistance give peace of mind when things go wrong.
If you travel, the card saves on ATM withdrawal costs when you use a Global ATM Alliance ATM, and you can enjoy Mastercard Priceless Cities offers worldwide. These perks make the card useful for both local shopping and overseas trips without piling on fees.
Who should apply and how to get it
This Westpac Low Rate Mastercard suits Kiwis who prioritise low-cost credit and simple terms over reward programs. It’s ideal if you expect to carry a balance sometimes, want to consolidate debt, or simply prefer a straightforward credit option with a low annual fee.
To apply you generally need to be 18 or older, a New Zealand citizen or permanent resident, and have a reasonable credit history. Check your eligibility, compare rates, and apply online through Westpac New Zealand to secure a low interest credit card NZ that fits your finances.