Westpac Low Rate Card Review (2026)
Westpac Low Rate Card Review (2026)Rates and details verified 21 June 2026
Rates can change without notice. Last verified: 21 June 2026 (AEST). Please confirm details on the bank’s official page.
Purchase rate
13.74%
p.a. variable
Annual fee
$59
no monthly fee
Interest-free days
55
when balance paid in full
How the Westpac Low Rate Card Works
The Westpac Low Rate Card is Westpac's entry-level low-interest credit card, charging 13.74% p.a. on purchases. It shares the same rate as the ANZ Low Rate card, with an annual fee of $59 — $1 more than ANZ's $58.
There are no rewards points, no sign-up bonuses, and the card is straightforward by design. It suits existing Westpac customers who want to consolidate their banking or carry an occasional balance at a lower rate than a standard rewards card.
Key Rates and Fees
| Feature | Detail |
|---|---|
| Purchase rate | 13.74% p.a. variable |
| Annual fee | $59/year |
| Interest-free days | Up to 55 days on purchases |
| Balance transfer | Check Westpac's website for current offer |
| Rewards | None |
Rates as at 21 June 2026. Check Westpac's website for the latest rates and any current balance transfer offers.
Pros and Cons
Pros
- ✓ Up to 55 interest-free days
- ✓ Major bank — Westpac app, branches, and customer service
- ✓ Straightforward — no conditions or terms to track
- ✓ Good option for existing Westpac customers
Cons
- ✗ 13.74% p.a. — higher than CommBank (from 10.99%), Bankwest (12.99%), and NAB (13.49%)
- ✗ $59/year — marginally more expensive than ANZ ($58) for the same rate
- ✗ No rewards, cashback, or travel benefits
How It Compares
At the same 13.74% rate as ANZ but $1 more per year, the Westpac Low Rate Card is best suited to existing Westpac customers who prefer to consolidate within one bank. For most others, Bankwest's 12.99% rate and $49 fee is a better deal.
- CommBank Low Rate Credit Card10.99–15.99% — (personalised), $72/year
- Bankwest Breeze Classic Mastercard12.99% — (fixed), $49/year — 0% BT 24 months
- NAB Low Rate Card13.49% — (fixed), $99/year (waived yr1)
- ANZ Low Rate13.74% — (fixed), $58/year
- Westpac Low Rate CardReviewed here13.74% — (fixed), $59/year
Related guides
FAQs
What is the purchase rate?
13.74% p.a. variable — Westpac's lowest rate credit card.
What is the annual fee?
$59 per year. No monthly fee.
Are there interest-free days?
Yes — up to 55 days on purchases when you pay your closing balance in full by the due date each month.
Information is general in nature and may change without notice. Details verified 21 June 2026. Confirm current rates, fees, and eligibility on Westpac's website before applying. This is not financial advice.