Low Rate Mastercard®

Keep it simple with a low interest rate credit card. If you're not paying your balance off in full each month, it’s a great card to keep your interest costs down.

Special offer:

0% p.a. for 12 months on balances transferred from hire purchases, store cards, another bank's credit card or a personal loan to a Westpac credit card*. We also call these debt transfers. Find out more.

✓ low 13.45% p.a. interest rate on purchases
✓ low half-yearly fee of $12.50
✓ up to 55 days interest-free on purchases^
✓ accepted at over 35 million locations worldwide

Highlights

	Monitor your card spend in real time with CashNav - our money management app. Find out more.

	Contactless technology for fast and convenient payments (of under $80) on the go with Mastercard Tap & Go™.
	Pay no international transaction fee (usually $2) when withdrawing money from a Global ATM Alliance ATM¹. See 'Rates and Fees' for more details.
	Westpac CardGuard® protects you 24/7 from fraudulent activity². Misplaced your card? Temporarily block or unblock your card with Card Blocker.
	Link your other Westpac accounts to your credit card, so you can access them at the checkout and ATMs.
	24-hour emergency credit card assistance.
	Head to Mastercard Priceless Cities for special offers on a broad range of local and global experiences.

Rates, fees & more

Minimum credit limit

Low Rate Mastercard has a minimum credit limit of $500

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)³. View payment options here.

Rates

Card	Interest rates
Low Rate Mastercard® - Interest rates
Purchases (and other fees & charges)	13.45% 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	0.00% p.a.*special rate on the balance transferred for 12 months from date of transfer 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
Low Rate Mastercard - Fees
Fees on this page are current as at 16 July 2019 and are subject to change. Some overseas banks may charge an extra fee for a cash advance.
Annual account fee		$25 per year Paid in two 6-monthly instalments of $12.50.
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.
Joint/additional card		$5 per year
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		2.5% of NZD converted value of foreign currency transaction amount When you use your Westpac credit card to make an overseas transaction, you'll pay a foreign currency fee. This is currently 2.5% of the New Zealand dollar converted value of the foreign currency transaction amount. A foreign currency conversion fee is applied to purchases, cash withdrawals and any fees and charges in a foreign currency incurred by you from the overseas merchant or merchant bank for that transaction.

View Terms and Conditions

*Offer ends 10 September 2019, subject to any further extension or withdrawal at Westpac’s discretion without further notice. After 12 months the standard purchase interest rate at that date (which may be higher than the current rate) will apply to transferred balances. You can transfer up to 95% of your available credit card limit. All applications are subject to Westpac approval. Balance Transfer Terms and Conditions and lending criteria apply. You cannot transfer a balance from a Westpac card or loan. Balances cannot be transferred to a Mastercard® BusinessCard/Purchasing Card. Balance transfers do not earn Airpoints Dollars™ or hotpoints®. 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. If you have multiple balance transfer rates, payments will first be applied to the balance transferred on the highest interest rate. 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. 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.

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.

^#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 16 July 2019 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. Balances cannot be transferred to a Mastercard® BusinessCard/Purchasing Card. Balance transfers do not earn Airpoints Dollars™ or hotpoints®.

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

^Interest free days do not apply when you have taken up one of our balance transfer offers and have not paid off the balance transferred in full during the statement period.

¹The 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 – refer to the Transaction and Service fees brochure details. Global ATM Alliance banks and their details are subject to change.

²Provided you notify us as soon as possible, have not acted fraudulently or negligently and have complied with the card’s Conditions of Use.

³If 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.

Mastercard is a registered trade mark and the circles design is a trade mark of Mastercard International Incorporated.