Westpac Low Fee Platinum Credit Card

Westpac Low Fee Platinum Credit Card

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My annual fee: 
Price of my purchase: 
Card features
balance transfer
purchase rate
annual fee
Money saved
Westpac Low Fee Platinum Credit Card
Apply by 15 oct 19
16 reviews
Westpac Low Fee Platinum Credit Card
0% p.a. on purchases for up to 9 months from card approval.
Cheap credit card from Westpac with no annual fee to pay for the first year (a $90 saving).
Up to 55 days on purchases.
Add to comparison
9 months
0% p.a.
then 20.09%
1st year
then $90

Pros & cons

What's good?

What's not so good?

0% p.a. on purchases for up to 9 months from card approval.
$0 p.a. annual fee for the first year, and $0 p.a. in subsequent years when you spend $10,000 or more on purchases in the previous year using your card (saving $90).
Up to 55 days on purchases.
Tap & go™ quickly and easily using your Mastercard® for a faster transaction.
Free personal concierge service.
Free insurance covers for travel and shopping.
No introductory balance transfer offer.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Disclaimer (2): Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

Our review

Our review of the Westpac Low Fee Platinum Credit CardReviewed by Yvonne Taylor

It’s a low-annual-fee card, and it has the potential to be an ongoing ‘no annual fee’ card, even though it has quality platinum benefits and an introductory 0% p.a. interest rate on purchases. It’s the Westpac Low Fee Platinum Credit Card and if used wisely it will cost you nothing to keep in your wallet.

Already low annual fee is waived in the first year

The $90 annual fee is waived altogether in the first year, so it will cost you nothing to try out the card for 12 months. And in subsequent years the fee will continue to be waived if you spend at least $10,000 using the card during the preceding 12 months. That’s an average spend of just $833 per month, so all you really need to do is to pull out your card, instead of cash, for all your everyday expenses – however small, because they all contribute to the total. During a month most people will have no trouble spending $400 on groceries, $200 on travel, $150 on utilities, $50 on phone/internet and $33 on a takeaway meal and a few coffees. The result? A free credit card.

There’s also no fee charged for an additional cardholder on the account.

0% p.a. on purchases for the first nine months

Although there’s no introductory balance transfer offer, there is an introductory interest rate on purchases, allowing you to make only the 2% minimum repayment for the first nine months, without being charged any interest on the remaining purchases balance.

You can use this period to get your finances in order (maybe pay off the balance owing on your existing card as quickly as possible), but try to avoid the temptation to spend too much on your new card just because you don’t have to repay it for a while. It would be a good idea to deposit in a savings account an amount equal to your monthly purchases, to make sure that you’ll have enough cash on hand after nine months to cover what will be, by then, a sizeable repayment – probably at least $9,000.

The revert interest rate, if you can’t repay the purchases balance after nine months, is 20.09% p.a. You’ll want to avoid paying this, because it could be the starting point for a debt that takes months, if not years, to clear.

Up to 55 days interest free once the introductory offer expires

Smart credit card users will take advantage of the card’s normal interest-free days on purchases, which kick in after nine months when the introductory interest rate offer has expired. It means that if you make a purchase right at the beginning of the billing cycle, you won’t have to pay for it until 55 days later, and you won’t be charged any interest provided you pay for all your purchases on or before the payment due date. Purchases made at the very end of the billing cycle still don’t have to be paid for until about 25 days later.

This is a good deal compared with some other cards which offer only up to 44 interest-free days. Your repayment cash can stay in your savings account for 11 days longer each month, an extra 132 days a year for it to earn interest. Although savings account interest rates are very low, earning a little interest is better than nothing.

Free travel and shopper’s insurance policies

Everyone can use insurance protection, especially if it’s free – truly free if you can avoid paying the annual fee from the second year onwards by spending $10,000 per year using the card. Westpac identifies this card as a ‘Platinum A’ card, which means you’ll access top-tier cover and claims limits. The policies you’ll receive are:

  • An annual multi-trip overseas travel policy covering trips of up to six month’s duration, for cardholders and their immediate family, including emergency medical expenses, luggage, unavoidable trip delay and cancellation, rental vehicle insurance excess waiver, and more
  • Interstate flight inconvenience cover offering similar protection (minus the emergency medical expenses) for domestic air travel, covering trips of up to 14 days
  • Transit accident cover providing compensation for serious injuries sustained following accidents on public transport
  • Purchase protection cover, providing four months’ protection against theft, loss and accidental damage, rather than just the three months offered by most platinum cards
  • Extended warranty cover, allowing up to two years’ extra warranty instead of just one
  • Price guarantee cover, which lets you shop with confidence, knowing you’ll get the difference refunded if the price drops locally within a short time frame
  • Rental vehicle insurance excess waiver in Australia, not just when travelling overseas

The overseas travel insurance will be activated when you use the card to pay for at least $500 of the trip’s prepaid expenses (flights, accommodation, tours, car hire, &c). For the other travel policies, you’ll be covered when you pay your fares with the card. For the purchase, warranty and price guarantee policies, use the card to purchase the item to be insured.

Complimentary personal concierge service

Get the feel of a platinum card without the normal price tag by using the card’s free concierge service. Whether you’re travelling or in your home town, the service is just a phone call away, and can assist with recommendations and bookings for travel, accommodation, dining, entertainment and event planning.

SmartPlan repayments

If you need to make a major purchase (such as technology, white goods, furniture, an overseas trip) that you’d rather pay for in instalments, you can access Westpac’s SmartPlan repayment program. Provided you commit to (and stick to) repaying in equal monthly instalments (over three, six or 12 months, depending on the initial purchase amount) you will be charged a lower interest rate (currently 0% p.a.) on the balance outstanding. There is an upfront loan establishment fee to pay: 1% of the purchase amount for a three month plan, 2% for six months and 4% for 12 months.

One of the really good features of SmartPlan is that you will still keep your monthly interest-free days for your ongoing purchases, even though there’s a balance owing on your card beyond the end of the billing cycle.

You can also use SmartPlan to pay off a balance of $200 or more that you may have accumulated on your card, not just an individual large purchase over $500. The entire SmartPlan process can be set up online.

Nothing special about the interest rates

Don’t choose this card, however, if you don’t want to commit to SmartPlan repayments and are looking for a low ongoing interest rate on credit card debt. The interest rates are typical of a platinum credit card – 20.09% p.a. for overdue purchases payments and 21.49% p.a. immediately for cash advances.

The latest payment technology

You’ll expect Tap & Go for PIN-free purchases under $100, and you’ll get it. But you can also choose to pay using your mobile smart device, using Google Pay, Samsung Pay or Fitbit Pay.

Just to be sure, check out competing cards

Even if this card sounds like just what you are looking for, it’s worth making a quick comparison with other no-fee or low-fee cards with platinum benefits. Check out the Citi Clear Platinum Credit Card, the Qantas American Express Discovery Credit Card and the ANZ Platinum Credit Card.

The potential for zero cost and platinum benefits

The major appeal of this card is that it offers the kind of top-tier platinum benefits that are usually associated with a high annual fee, and you can get away with paying no annual fee at all, year after year. You’ll have to be prepared to sacrifice the possibility of earning rewards points, but that is balanced out by the benefit of the low-cost longer term credit offered by the SmartPlan repayments program.

Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

3.8 out of 5.0 based on 16 reviews81% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

High rate but good insurance and security

Reviewed and recommended by Catherine on 20 Oct 2016

While the interest rate is high, I have found that Westpac’s credit card insurance is good.

They provide alerts when a charge is atypical and they promptly investigated when I told them that a thief had placed certain charges against my card. Much to my relief, they investigated the dodgy business, reported it to the police who also investigated the matter, and removed the incorrectly charged amounts on my credit card.

Platinum benefits at no extra cost

Reviewed and recommended by Ann on 21 Sep 2016

I have had the Westpac 55 Day Platinum Visa Card for about five years now and have no complaints whatsoever. It wasn’t always the platinum card but I received an offer from Westpac not long ago to upgrade to platinum at no cost to me. Of course I accepted.

The card comes with all the extra benefits you expect from platinum, such as complimentary travel insurance.

I love my Westpac Platinum Visa and would not consider changing for anything.

Great for travelling

Reviewed and recommended by Judith on 20 Sep 2016

I travelled to the Mediterranean for a holiday and I ended up in hospital with a mild stroke. The travel insurance I got with my card would have come in handy for my expenses, but fortunately Malta has an agreement with Australia. For the first six months in the country, medical care is free. But QBE insurance company were going to support me all the way if needed.

Points cap

Reviewed and not recommended by Kym on 15 Jul 2016

The points on this card are capped at 7500. I have one credit card with a limit of $3100. I will be deleting this card soon as the debt (even with full balance available) is seen as a liability, and it outweighs any rewards. If the rewards were higher, I would consider keeping it.

Simply the best!

Reviewed and recommended by Ann on 02 Jul 2016

This is my very favourite Visa card. I use it all the time as my major credit card and have all my direct debit payments made from this card. Their consumer support is second to none and the very few problems I have had have been sorted very quickly by courteous and knowledgeable staff.

I particularly like the complimentary travel insurance too. Some of the other cards have this insurance, but only for international travel. My card covers me for inter-state travel and I use it a lot. Great card!

Not a bad card

Reviewed and recommended by Anthony on 01 Jul 2016

For what it is, there are no frills, but there are no extras to pay for either. There is a basic annual fee, there’s the added security of insurance, and there’s the 55 day interest-free period. There is no rewards package, but that is all made very apparent in the documentation from the bank. Very useful.

No annual fees!

Reviewed and recommended by Jessica on 24 Jun 2016

This card has no annual fees and payWave. I’ve never had an issue with it. I always pay back within the 55 days, so it costs me nothing! What more can I ask for?

I don’t really care for rewards, but they are offered. If I was more proactive I could probably get even more value from this card.

Yes I saved money

Reviewed and recommended by Pankaj on 23 Jun 2016

It’s a good card. 55 days interest-free really helps me. There are no fees for me because I have my home loan with them. Service is good and it does what I need it to. I’m doing lot of interest-free shopping—quite happy with that. Thanks, awesome!

Fast easy cash - so satisfied with this card

Reviewed and recommended by Linda Smith on 04 Aug 2015

Well it’s the lightest purse to go shopping with – just slip it in my back pocket and off I go. The greatest thing about it is that I can use it anywhere and everywhere, and later when I get home I can log on to my mobile banking app to check my daily use of the card that day for any incorrect charges or surcharges that aren’t right. It’s much better than cash, coins, and wasted time at checkouts. It’s also great for online shopping, booking concerts, etc.

I have this card cause it makes my life simpler.

Happy with Qantas Frequent Flyers points

Reviewed and recommended by Andrea Wallen on 13 Jun 2015

I use the card in a smart way as I pay onto it straight away to avoid the fees. This card comes with a Visa and an American Express, which I must admit is a little annoying as that means I now have two cards.

The American Express card earns higher qantas points (1 point per $1) than the Visa (0.5 points per $1), which is annoying as this comes with a surcharge and not always accepted everywhere. Other than that I am very happy with this credit card

Show 6 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfersN/AN/AN/AN/A N/A
Purchases0% p.a.9 monthsN/AN/A 20.09% p.a.

Ongoing interest rates

Cash advances 1.79% 21.49% p.a.
Purchases 1.67% 20.09% p.a.


Annual fee
$0 p.a.
Annual fee 2nd year
$90 p.a.
Cash advance fee
whichever is greater, $2.50 or 2%
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $30,000 per year
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Temporary residents are eligible
Age Pension, Disability Pension, Veteran's Pension and Widower's Pension are acceptable.
Austudy, Child Support Payments, Family Tax Benefits and Parenting Payments, Foster Care Allowance and Youth Allowance are acceptable.
Joint applications are not allowed
Overseas Pension is not acceptable.
Carer's Allowance is not acceptable.
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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