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Westpac

0% interest rate for 26 months on balance transfers, with 2% balance transfer fee

Westpac Low Rate Card (balance transfer offer)

Balance transfer

0% for 26 months

Purchase rate

13.74%

Annual fee

$59 per year

Low annual card fee of $59, a relatively competitive 13.74% p.a. purchase rate, and up to 55 interest-free days. 0% p.a. for 26 months on balance transfers requested at card application, 2% balance transfer fee applies. After 26 months, the rate reverts to the variable cash advance rate 21.99% p.a.

HIGHLIGHTS

The Low Rate Card is a straightforward option for anyone looking to manage their spending without complex reward schemes or hidden costs. A low $500 minimum limit. 0% balance transfer rate for 26 months, purchase rate of 13.74% p.a and interest free period of up to 55 days helps to keep your spending (and fee paying) under control, with complimentary additional card holder.

Main features

Rate type

Rate %

Duration

Purchases

13.74% p.a.

Fees

Fee type	Fee %	Min fee $
Cash advances	3%	-

Fixed Fees

Fixed fees	Fee $	Fee amount
Annual fee	$59	per year
Monthly fee	-	-

MORE INFORMATION

$59 annual fee

0% balance transfer rate for the first 26 months (then reverts to the cash advance rate of 21.99%)

Up to 55 days interest free on retail purchases

13.74% p.a purchase rate

21.99% p.a cash advance rate

$500 - $50000 credit limit

TERMS & CONDITIONS

This offer is available when you apply for a new Low Rate credit card between 1st August 2024 and 30th April 2025 and request at card application to transfer balance(s) from up to 3 non-Westpac Australian issued credit or store cards. Your current credit card issuer must accept BPAY payments to be eligible, you can check your credit card statement for payment options. The promotional rate will apply to balance(s) transferred (min $200 up to 80% of your approved available credit limit) for the promotional period. Activating your card triggers the processing of the balance transfer. A balance transfer fee of 2% of the transferred balance(s) will apply to balance(s) transferred to the Westpac Low Rate credit card. The balance transfer fee will be charged to the card account on the same day the balance(s) are debited to the account. The applicable variable cash advance rate will apply to any unpaid balance transfer amount remaining at the end of the promotional period unless the amount is paid off earlier. Westpac will not be responsible for any delays that may occur in processing payment to your other card account(s) and will not close the account(s). If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the 'Monthly Payment Balance' listed on your statement of account (not the full closing balance) by the relevant payment due date. These promotional offers are not available if you apply under the Westpac Premier Advantage Package. Credit Card Product Switches, upgrades or Westpac group staff are ineligible for this offer.

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