hotpoints® World Mastercard®

Welcome to the Westpac World Mastercard, New Zealand's premier credit card account designed exclusively for our clients. To create this card, we've carefully collated a special collection of features and benefits, which perfectly complement the demands of a successful lifestyle.

Benefits

	Earn 3 hotpoints for every $1 spent on your card¹. You can redeem your hotpoints for anything, anywhere Mastercard is accepted*, using hotpoints Pay®, or via the hotpoints website. Browse our range of rewards here.
	Airport lounge access². Escape the chaos of international travel with Priority Pass lounge access, giving you entry to over 1000 airport lounges around the world.
	Overseas travel insurance for up to 120 days per round trip, with no limit to the number of trips you can take each year³. (See 'more details' tab for more information)
	Purchase Protection insurance cover³ and extended warranty insurance for your purchases. See 'more details' tab for more information.
	Mastercard Travel and Lifestyle Services⁴. Visit www.travel.mastercard.com to access to a wide range of travel experiences and privileges with Mastercard Travel and Lifestyle Services. Hotel, Flights and card programs especially curated for you by Mastercard.
	Westpac CardGuard® protects you 24/7 from fraudulent activity. Misplaced your card? Temporarily block or unblock your card with Card Blocker.
	Apply to transfer your balance to a Westpac credit card and you could pay only 5.95% p.a. for the life of the balance transferred⁵.
	Monitor your card spend in real time with CashNav - our money management app. Find out more.

Other features:

Contactless technology for fast and convenient payments (under the local country limit*) on the go with Mastercard® contactless.
Link your other Westpac accounts to your Mastercard, so you can access them at the checkout and ATMs.
Up to 44 days interest free credit on your retail purchases. Conditions apply^{^}
Pay no international transaction fee (usually $2) when withdrawing money overseas from an ATM within the Global ATM Alliance⁶. See 'rates, fees & more' for more details.

More details

hotpoints® rewards

With a hotpoints World Mastercard, you’ll earn 3 hotpoints on every dollar you spend on your card¹, and redeem them for our wide range of rewards.

	hotpoints rewards You can use your hotpoints on just about anything. With hotpoints Pay you can use your hotpoints for purchases at millions of local, international and online retailers, anywhere Mastercard is accepted. There’s also a wide range of rewards you can redeem for via the hotpoints website, so take a look at what your points could get you.
	How to earn hotpoints Here's how to earn hotpoints with your Westpac hotpoints credit card.
	How to redeem your hotpoints It's simple to turn your hotpoints into great rewards.

Find out more at hotpoints.co.nz to see how you could reward yourself with a Westpac hotpoints credit card.

Overseas Travel Insurance

You could be covered for up to 120 days per round trip, when you travel overseas and use your credit card for your prepaid travel costs³. A minimum spend applies for different travel regions. Family members travelling with you may also be covered when a minimum amount is pre-paid on the card.

Before you travel, make sure you’re covered and check out the policy document for full information. You can download a copy here or get a copy from any Westpac Branch or call AIG on 0800 465 322.

Rates, fees & more

Minimum credit limit

hotpoints World Mastercard has a minimum credit limit of $18,000

Repayment options

Pay your card off in full or make any payment above the monthly minimum (either 2% or $5 of the balance owing - whichever is greater)⁷. View payment options here.

Rates

Card	Interest rates
World Mastercard - Interest rates
Purchases (and other fees & charges)	16.95% p.a.
Balance transfer rate Transfer balances from another bank’s credit card, overdraft, personal loan, or hire purchase agreement to a Westpac credit card. > More on balance transfers	5.95% p.a. on the balance transferred for the life of the balance.
Cash advance rate	22.95% p.a.

Fees

Fee type		Fee amount
World Mastercard - Fees
Fees on this page are current as at 21 January 2021 and are subject to change. Some overseas banks may charge an extra fee for a cash advance.
Annual account fee		$390 per year Paid in two 6-monthly instalments of $195. Spend $50,000 or more in the 6-month period between your fee charges and we'll waive your next 6 monthly fee.
Joint/additional card		Your first joint or additional card is free. Supplementary cards are $100 per year ($50 every 6 months)
Cash advance in NZ	using an ATM	Free per transaction
	at other bank ATMs	Free per transaction
	Westpac branch teller	$3 per transaction
Cash advance overseas	using Global ATM Alliance ATMs	Free Transaction fees do not apply when using ATMs within the Global ATM Alliance in the respective country shown. Institutions participating in the Global ATM Alliance are subject to change but currently include Deutsche Bank (Germany), Bank of America (United States), Scotiabank (Canada), Barclays Bank (United Kingdom), BNP Paribas (France), Westpac (Australia) and Westpac (New Zealand).The NZ$2 for credit card and NZ$3 for debit card international transaction fee saving applies to Westpac customers only, and is subject to change. All other international and standard fees apply including foreign currency conversion fees apply – see the <a href="https://www.westpac.co.nz/assets/Personal/Your-Money-and-Tailored-Packs/Brochures/transaction_service_fees.pdf" target="_blank">Transaction and Service Fees brochure</a> or <a href="https://www.westpac.co.nz/assets/Personal/Your-Money-and-Tailored-Packs/Brochures/business_transaction_and_service_fees.pdf" target="_blank">Business Transaction and Service Fees brochure</a> for details.
Cash advance overseas	using other ATMs or at bank branches	NZ$2 per transaction Note: An ATM service fee may be charged by the ATM provider.
Late payment fee		$8 per late payment
Card over limit Applies where you exceed your account credit limit during any statement period.		$1
Replacement card where original card is lost, damaged or stolen		$10 per card
Courier delivery in NZ/overseas		Courier costs where applicable
Foreign currency fee		1.4% of transaction amount A foreign currency fee is charged when you make a purchase or cash withdrawal in a foreign currency, and also applies to any fees and charges charged by the overseas bank or vendor in relation to the transaction. This fee is also charged when you make online purchases in a foreign currency.

View Terms and Conditions

*Eligible purchases exclude gambling chips or gambling transactions (including online gambling), cash advances, interest charges, or transactions on any nominated account(s) linked to your credit card or account, or any other purchase that Westpac deems ineligible for hotpoints Pay. Only purchases made with a hotpoints Mastercard can be used for hotpoints Pay. For local country limit amount visit westpac.co.nz/contactlesslimit

^If you have paid your last statement period closing balance in full, you will start your current statement period with a $0 balance owing. When you start your current statement period with a $0 balance owing, do not have a transferred balance on your credit card and pay your statement closing balance in full by its due date, you will get up to 44 days interest-free on your purchases. Cash advances are not purchases and have no interest free days. See credit card interest-free period page for how it works.

¹ Eligible purchases exclude cash advances, charges, interest, cash substitutes, business expenditure (excluding transactions made on a BusinessPLUS Mastercard), balance transfers, transactions on your nominated account(s) linked to your credit card, any transaction that is reversed, refunded or charged back.

² Use of your Priority Pass card and access to Priority Pass airport lounges are subject to the Priority Pass Terms and Conditions. Airline, airport and other travel industry employees or contractors may not be eligible for access.

³Terms, conditions, exclusions and eligibility criteria apply to insurance cover. Please see the World Mastercard Insurance policy document for details. The availability of any insurance cover is subject to the acceptance and approval of a complete application. Any payment is subject to your claim being accepted. Westpac World Mastercard Overseas Travel, Extended Warranty and Purchase Protection Insurances are arranged by Westpac New Zealand Limited and are underwritten by AIG Insurance Limited (AIG). Westpac does not guarantee the obligations of, or any products issued by AIG.

⁴Any costs incurred by using Mastercard Travel and Lifestyle Services are at the card holder’s expense.

⁵ Rate will apply to balance(s) transferred until that balance(s) is paid off. Balance Transfer Terms and Conditions and lending criteria apply. All applications are subject to Westpac approval. You cannot transfer a balance from a Westpac card or loan. Payments made to your Westpac credit card will first be applied to charges and interest accrued, then to cash advances and purchases, followed by balance transfers. Interest rates and fees are current as at 21 January 2021 and are subject to change without notice. All new purchases, cash advances and any unpaid interest or fees will incur interest at the standard interest rate in accordance with the card's Conditions of Use. You can transfer up to 95% of your available credit card limit. Your card must remain within its credit limit after the balance has been transferred. Balances cannot be transferred to a Mastercard® BusinessCard/Purchasing Card. Balance transfers do not earn Airpoints Dollars™ or hotpoints®. You must close any facilities indicated in this application as being repaid by the Balance Transfer.

⁶ The NZ$2 for credit card and NZ$3 for debit card international transaction fee saving applies if you use your Westpac Mastercard at an ATM belonging to a member of the Global ATM Alliance, and is subject to change. Global ATM Alliance member banks are subject to change. All other international and standard fees apply, including foreign currency conversion fees – refer to the Transaction and Service Fees brochure for details.

⁷ If you only make the minimum payment each month, you will pay more interest and it will take you longer to pay off the unpaid balance.

The following purchases and transactions do not earn hotpoints (see the Westpac Credit Card Conditions of Use for the applicable card for full details): fees and interest; balance transfers; credit card repayment insurance; gambling chips or gambling transactions (including online gambling); cash advances or withdrawals made from ATMs or over the counter at a bank; money orders, travellers cheques and foreign currencies in cash; any transaction that is reversed, refunded or charged back; transactions on any nominated account(s) linked to your Westpac hotpoints credit card; and business-related purchases made with a Westpac hotpoints credit card other than a Westpac hotpoints Business Mastercard.

Payments will be applied to charges and accrued interest, then to cash advances and purchases, followed by balance transfers. If you have multiple balance transfer rates, payments will first be applied to the balances transferred at the highest interest rate.

Westpac’s credit card lending criteria applies to all applications and transfers. Westpac’s Credit Card Conditions of Use will apply.

Any service benefits associated with the use of your card which are provided by a third party supplier may be withdrawn by Westpac at any time. Westpac will not be responsible for the quality or suitability of any goods or services provided.

This material on this page is provided for information purposes only, without taking your particular financial situation or goals into account.

World Mastercard Conditions of Use and Balance Transfer Terms and Conditions will apply. Hotpoints terms and conditions apply. Westpac is not the supplier of the goods and services that can be redeemed with hotpoints and does not guarantee the obligations of the supplier or any goods and services supplied. Any goods or services that are provided by a third party supplier may be withdrawn at any time. Westpac is not responsible for the quality or suitability of any such goods or services. hotpoints® and hotpoints Pay® are registered trade marks of Westpac Banking Corporation. Mastercard is a registered trade mark and the circles design is a trade mark of Mastercard International Incorporated. Westpac New Zealand Limited.