The Balance Transfer Card by Westpac helps you to take advantage of their balance transfer offer so you can reduce all that interest you’re paying. Carrying a balance on your card means you are paying more interest than you are paying for the things you bought.
With the world shifting gears from offline to online banking, the use of credit cards is on the rise. Moreover, with perks like banking on the go and supportive 24/7 customer service, you get the freedom to solve your banking queries in a jiffy.
So if you are looking to grab the opportunity of a Westpac credit card, then you are in the right place. In this article, we will deep dive and unravel all the details about the credit card including its benefits, fees, interest rates, and a lot more. Read on to learn more about the Low Rate Card.
Features of the Balance Transfer Card
The Westpac Balance Transfer Card is a great option for every cardholder who wishes to take advantage of the balance transfer offer. This offer lets you transfer old balances to a new Low Rate credit card. This card offers cardholders a chance to use the Smart plan repayment planner.
It helps you to stay on top of your finances by breaking down your balances and large purchases into small and regular installments.
The online banking app of the Westpac bank helps you to track your spending. Besides, users can also set up Autopay or payment reminders to track expenditure and repayment cycle.
Additionally, the Westpac’s extras provide you with a wide range of perks. It includes amazing cashback offers that can be used on top of any other discounts. Lastly, this card can also be linked with Apple Pay to easily and safely, anywhere using your Apple device.
How to Apply
Cardholders can easily apply for the balance transfer card and complete the application process in just 10 minutes by visiting the official Westpac Bank website.
Plus, you can also save your application for up to 14 days, if you ever want to retrieve information or complete it later. All applicants have to share their details, income, and employment details to get the Balance transfer card.
The application process is secure and safeguards your personal details. To increase your chances of approval, the secured system will identify you and your financial details in minutes.
Also, applicants should keep in mind, Westpac bank takes some time to check your credit report and background to estimate your creditworthiness. Don’t apply multiple times, as it could flag your identity and lower reduce your chances of approval.
To apply for this Westpac card, the applicant must make sure that they fulfill all the eligibility requirements. Here are the required eligibility criteria.
- Applicant should be at least 18 years or over.
- Applicant should be an Australian citizen. If not, he should have a permanent residency visa.
- Applicants must have regular, verifiable income flow when they apply.
- Applicant should have a residential address in Australia.
Applicable Fees and Interest Rates
- The annual rate of this card is as low as AUD 59
- This card offers a low variable rate of 13.74% rate per annum on every purchase that you make.
- A Cardholder is charged a whopping 21.49% rate per annum for withdrawing cash or cash advance.
- This card also offers no interest rate for 24 months on balance transfers as an introductory offer.
- If users pay the closing balance within the due date, then they can enjoy up to 55 days of interest-free on purchases.
To get in touch with the bank, call 1300 655 505 or (+61 2) 9155 7700 from overseas.
Westpac’s head office address is 275 Kent Street, Sydney, NSW 2000, Australia.
The Bottom Line
The Westpac Balance Transfer Card is a good solution if you want to consolidate some debt from your old credit cards and pay for it all in one place.
However, remember that is an opportunity to clean up your finances, so don’t fill up your old cards with more debt when you transfer your balance to this one. Get started applying online today!
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.