Westpac Low Rate Credit Card: 0% Balance Transfers for 28 Months, Low $59 Annual Fee and SmartPlan Repayments for Aussies
Westpac Low Rate Credit Card: 28 months of 0% balance transfers, $59 annual fee and SmartPlan instalments to help Aussies cut interest and repay debt smarter
The Westpac Low Rate Credit Card is a no-frills option many Aussies choose when they want to cut interest and get debt under control. With a 0% balance transfer introductory rate for 28 months, a $59 annual fee and SmartPlan instalments, this card is pitched at people who value low ongoing costs and simple, practical features. Below we break down what matters for everyday Australian cardholders.
Key features of the Westpac Low Rate Credit Card
The Westpac Low Rate Credit Card offers a competitive purchase rate of 13.74% p.a. and an interest-free period on purchases up to 55 days, making everyday spending cheaper than many standard cards. It is a Mastercard, supports tap-and-go contactless payments and works with Apple Pay, Google Pay, Samsung Pay, Fitbit Pay and Garmin Pay for mobile payments.
Cardholders can add one additional cardholder at no extra cost and enjoy a credit limit range that suits most needs, from smaller limits up to higher limits depending on income and credit history. The product is designed for Australians and temporary residents who meet eligibility criteria.
How the 0% balance transfer works
The headline benefit is the 0% p.a. balance transfer rate for 28 months, useful if you want to move existing credit card balances and avoid interest while you pay them down. A one-time 2% balance transfer fee applies to transferred amounts, so calculate the break-even point to make sure the move saves you money.
After the introductory period, any remaining balance transfer debt reverts to the standard rate for balance transfers, currently 21.49% p.a., so the aim is to clear the transferred balance within those 28 months. Use the Westpac Low Rate Credit Card to consolidate higher-interest balances and pay them off faster.
SmartPlan, repayments and mobile pay
SmartPlan instalments let you split eligible purchases into manageable repayments with a set schedule, which can be handy for bigger buys like appliances or repairs. This feature complements the Westpac Low Rate Credit Card’s low purchase rate, helping you budget without resorting to buy-now-pay-later plans that may add fees.
Mobile payment compatibility makes day-to-day use simple for busy Aussies—tap your phone or wearable and go. Security features like fraud protection, card on hold and Westpac’s dispute support give extra peace of mind when using contactless or online transactions.
Fees, eligibility and application tips
The card charges a $59 annual fee, a 2% balance transfer fee, a 3% cash advance and foreign currency conversion fee, and you should expect the purchase rate of 13.74% p.a. on ongoing balances. Compare these figures to other cards if you travel frequently or need rewards, because this card focuses on low cost rather than perks.
To apply you’ll typically need to be 18+ and meet minimum income requirements (commonly around $30,000 p.a.), provide proof of identity, employment and income. If you’re serious about paying down debt, the Westpac Low Rate Credit Card can be a practical tool for Australians looking to reduce interest and regain control of their finances.