Westpac 55 Day Gold Credit Card

• A range of complimentary insurance covers
• 3.99% p.a. on balance transfers for up to 6 months
• Low annual fee: $90 (waived for the first year)
• Annual fee waived in subsequent years when you spend $15,000 or more on purchases in the previous year using your card
• Up to 55 interest free days on purchases as long as you pay your closing balance (including any promotional amount) in full by the statement due date each month
• For a fast and convenient payment option for everyday purchases of under $100, simply hold your MasterCard ® or Visa ® Card against the contactless terminal wherever you see your card’s logo and the contactless symbol - no need to enter a PIN or sign
• Interest rates (variable): 19.59% p.a. on purchases; 21.49% p.a. on cash advances
• Paperless eStatements available
• Read the terms and conditions

• Low $90 p.a. fee for a gold card (waived for first year)
• A range of complementary insurance
• Choose from either Mastercard or Visa
• 19.59% p.a. is an average purchase rate
• No rewards program available
• Standard 55 day credit card is cheaper if insurance isn’t needed

How does the Westpac 55 Day Gold Credit Card compare for rates and fees against an average credit card? Based on the data from our website this credit card comparison scorecard shows:

		Purchase Rate	Cash Adv Rate	Annual Fee	Bal. Transfer Rate	Bal. Transfer Rate Period
	Westpac 55 Day Gold Credit Card	19.59%	21.49%	$0	3.99%	6 months
	The Average Credit Card	17.17%	21.04%	$95	3.04%	7 months

You can transfer from:



• ANZ
• Aussie
• Bank of Melbourne
• Bank of Queensland
• Bank SA
• Bankwest
• Citibank
• Coles
• Commonwealth Bank
• HSBC
• NAB
• St.George
• Suncorp
• Virgin
• Woolworths

You cannot transfer from:



• Westpac

The Westpac 55 day Gold credit card is the next level up from the standard 55 Day card. Not only does is offer a fantastic interest free period of, yes you guessed it, 55 days, but also offers a superb range of complimentary insurance cover.

Pros

If you’re looking to buy now and pay later, then the Westpac 55 Day Gold credit card is ideal. With a 55 day interest free period on all purchases, you have plenty of time to pay off your debts without incurring any interest charges.

The 55 Day Gold account does come with an annual management fee of $90 p.a., but this is waived for the first year and can also be ignored in subsequent years so long as you spend $15,000 or more on your card every 12 months. Essentially you could end up paying no annual fee for the credit card.

You may be wondering what sets the Gold version ahead of the standard 55 day account? Apart from the Priority Service Line, which offers Gold members access to 24/7 customer services, the 55 Day Gold card also comes with a host of free insurance cover.

Westpac offers cardholders complimentary overseas travel insurance. This includes unlimited medical expenses cover, up to $15,000 cover for loss or damage to personal items, up to $2.5m legal liability cover and $5,000 rental vehicle collision damage and theft cover.

The 55 Day Gold account also comes with a range of insurance to give you peace of mind that you are purchases are fully protected. This includes complimentary purchase security cover, which offers 3 months cover against theft, accidental damage and loss for any new items purchased using the card. There’s also extended warranty insurance that adds an extra 1 year onto the manufacturer’s warranty.
You can use the 55 Day Gold card worldwide wherever Visa is accepted, which is practically everywhere. It also comes with PayPass contactless technology, allowing you to buy low-cost items by simply tapping your card on the merchant’s credit card terminal. With PayPass there is no need to enter a PIN, which saves you time and is ideal if you’re in a rush.
Westpac’s 55 Day Gold credit card uses state-of-the-art security technology to protect cardholders from fraud. Cardholders can also register their account with Verified by Visa, free-of-charge. This service further boosts the card’s security by requesting a pin code every time a transaction is carried out online at participating retailers.

Cons

Despite a fantastic 55 day interest free period, Westpac offer a fairly average purchase rate of 19.59% p.a., with no introductory period. The balance transfer is a similar state of affairs, with Westpac offering a comparatively lowly 3.99% p.a. for 6 months. If your main concern is to save as much money as possible by transferring your balances, there are much better offers on the market.

Conclusion

The Westpac 55 Day Gold credit card is ideal if you plan to take advantage of the free insurance cover or want the added peace of mind that the purchase protection cover gives. However, if this isn’t the case then consider then standard 55 day account, which offers the same rates with a smaller annual fee.