Balance transfer calculator

You could save on interest charges on hire purchases, store cards, or another bank's credit card or personal loan debts with a Westpac credit card account.

$ % p.a.
+ Add another Balance (eg. HP, personal loan, store card)
Please contact us for help with balance transfers over $100,000
How much could you save*? For a limited time we’re offering two great rates:
I carry a balance over each month
I plan to pay off my balance in full each month

Westpac’s Credit Card Products

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hotpoints MasterCard®


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Platinum MasterCard®
x.xx% p.a. p.a. x.xx% p.a.
$65 Annual Fee $32.50 paid every 6 months $44 Annual Fee $125 Annual Fee $62.50 paid every 6 months
Westpac hotpoints Rewards Earn 1 hotpoint per dollar spent Westpac hotpoints Rewards Earn 2 hotpoints per dollar spent
Overseas Travel Insurance for up to 35 days per round trip
Extended Warranty and Purchase Protection Insurances
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Existing Westpac credit card customers

If you already have a Westpac credit card, and would like to transfer debt to it, then please download and complete this balance transfer application form.

Balance Transfer - Things you should know

  • The special rate of 1.00% p.a. applies to successful balance transfer applications to any Westpac credit card received between 23 January to 30 April 2014.
  • The special interest rate of 1.00% p.a. will apply for 12 months from the date the balance(s) are transferred to your Westpac credit card. At the end of the 12 month period any balance remaining will attract the applicable standard purchase interest rate as stated on our website
  • The everyday Credit Card Balance Transfer rate of 5.95% p.a. is current as of 23 April 2014 and subject to change without notice.
  • The everyday Credit Card Balance Transfer rate of 5.95% p.a. will apply to the balance(s) transferred to your Westpac credit card until that transferred balance(s) is paid off.
  • You will need a Westpac credit card for a balance transfer.
  • A credit card balance transfer application form will need to be completed.
  • Balance transfers are subject to Westpac approval.
  • Westpac’s current credit lending criteria apply to all applications and transfers.
  • Credit Card Conditions of Use and Balance Transfer terms and conditions apply. Other fees may also apply. For full details see
  • Your Westpac credit card must remain within its limit.
  • You can apply to transfer balances from other bank’s credit cards or personal loans, hire purchases and store cards.
  • You can't transfer a balance from a Westpac card or loan.
  • You will need to keep making payments on all your transferred accounts until the Balance Transfer is complete and you have confirmation from Westpac that the accounts have been credited.
  • You are responsible for all late payment charges and any other payments on your accounts, including any costs to close those other accounts.
  • Payments made to your Westpac credit card will be applied against balance transfers before all cash advances and other purchases, but after all charges and interest that has been accrued.
  • Other interest rates shown are current at 23 April 2014 and subject to change without notice.
* This calculator provides approximate savings only, for the periods specified applying a monthly payment amount of 3% or $10 whichever is greater. Please note the current Westpac credit card minimum payment requirement is 2% or $5, whichever is greater. This model assumes the balance transfer is made on the first day of the first month and subsequent payments are made on the last day of each following month. Interest is accrued on the daily balance. It assumes no other transactions are made during the 18 month period. Interest charge calculation methodology and rounding may differ slightly from actual credit card account calculations. The calculated savings are provided for illustrative purposes only and are based on the accuracy of the information entered. It does not constitute a quote. hotpoints ® is a registered trade mark of Westpac Banking Corporation. hotpoints terms and conditions apply. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated.