- $0 annual fee in the first year - save $90
- Annual fee waived subsequent years if spend is $10,000+ p.a.
- Credit limits from $6,000
- Overseas Travel Insurance cover for up to six months on return trips
- Purchase security insurance cover protects against loss, theft or accidental damage over a wide range of new personal goods for up to four months
- Extended warranty insurance, extending the Australian manufacturer's warranty on new personal goods by up to 24 months
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Discontinued: Westpac Low Fee Platinum Credit Card
Updated 22 November 2024
This card is no longer available for application. This information has been left for those who still have the card or were previously interested
Pay $0 annual fee in the first year - save $90 and get one free additional card holder. You can avoid paying an annual fee every year after, when you spend $10,000 or more on purchases each year. Complimentary Overseas Travel Insurance cover for up to six months on return trips. T&Cs apply.
Purchase Rate (p.a)
20.09%
Balance Transfer (p.a)
6.99% for 12 months
No balance transfer fee.
Reverts to 21.49% p.a.
Annual Fee (p.a)
$0 first year. Then $90 p.a.
Pros and cons
- High standard interest rates
Creditcard.com.au review
Editor Review
Discontinued: Westpac Low Fee Platinum Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
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The Westpac Low Fee Platinum credit card
Trust us, we know credit cards. We know that some people simply need a low cost card with minimal features, just as we know that for some folks, only platinum will do.
If you love platinum plastic with plenty of prestige features, the Westpac Low Fee Platinum Credit Card may well be worth a second look. Not only does it currently have a no annual fee offer, it also provides a dizzying array of features and extras designed to tickle your platinum-loving fancy.
Want to find out more? Let’s take a closer look to see if this platinum offering from Westpac is indeed for you.
What we love...
When it comes to platinum cards, you expect a few platinum extras. Happily, this card is packed with them. You have access to a full suite of complimentary insurances on offer. These include overseas travel insurance, purchase security insurance and extended warranty insurance, plus some other extras that we’ll get to a bit later.
With all that, you’d expect to pay big in annual fees. Not so with this card. In fact, if you apply now, you will pay no annual fee in the first year, saving you $90. While $90 is certainly acceptable within the platinum card range, it’s nice to know that you can have it waived when you spend $10,000 or more on purchases each year.
What’s not so great...
Some cardholders may also not be too enamoured with the card’s purchase rate, but this can be avoided by paying off the balance in full each month.
Why should you choose this card?
The main reasons for choosing the Westpac Low Fee Platinum Credit Card would have to be its introductory offer on annual fee, plus its host of platinum features.
But, if you’re not quite sold yet, here’s what else is on offer. As a cardholder, you can enjoy up to 55 days interest free on purchases, one free additional card holder, and a high maximum credit limit of $50,000, subject to eligibility.
Overall Rating
A platinum card with impressive features, currently offering no annual fee for the first year.
User reviews
Rates and fees
Interest rates
Purchase rate 20.09% p.a.
Cash advance rate 21.49% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 6.99% p.a. for 12 months
Balance transfer revert rate 21.49% p.a.
Balance transfer from personal loan No
Balance transfer fee No fee
Balance transfer limit 80% of approved credit limit
Brands you can't balance transfer from Westpac
Credit limits
Minimum credit limit $6,000
Maximum credit limit $50,000
Fees & repayments
Annual fee $90 p.a.
Additional cardholder fee $0 p.a.
Foreign transaction fee 3%
Minimum repayment
Annual fee the first year $0
Cash advance fee N/A
Late payment fee $15
Additional features
Complimentary insurance
International Travel Insurance Yes - up to 6 months
Flight Inconvenience Insurance Yes
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance Yes
Extras
Annual fee waived subsequent years if spend is $10,000+ p.a.
Overview
Discontinued: Westpac Low Fee Platinum Credit Card
Disclaimer: The interest free period is the maximum number of days during which interest is not charged on new purchases. If your account has an interest free period for purchases, to be entitled to that interest free period, you need to pay off the “monthly payment balance” listed on your statement of account (not the full closing balance) by the relevant payment due date.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
Key features
- Purchase rate of 20.09% p.a.
- $0 annual fee in the first year - save $90. And no annual fee every year after, when you spend $10,000 or more on purchases each year. Standard $90 annual fee.
- Minimum credit limit of $6,000
- Up to 55 days interest free each month
- Overseas Travel Insurance cover for up to six months on return trips
- Purchase security insurance cover protects against loss, theft or accidental damage over a wide range of new personal goods for up to four months
- Extended warranty insurance, extending the Australian manufacturer's warranty on new personal goods by up to 24 months
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Resident or citizen of Australia
-
Minimum income of $30,000 p.a.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question93 questions (showing the latest 10 Q&As)
I have an Ignite credit card and I nrecieved a renewal card for a mastercaed low fee credit card. I want to keep my Ignite master card which expires in 01/23 and has no fees ever so why should Ichange
Hi Arthur, sorry to be the bearer of bad news but the Westpac Ignite card has been discontinued. Perhaps Westpac were just getting a head start of your card expiry so you're not without a credit card.
If you’re not interested in your Westpac options, you can start comparing no annual fee credit cards. If you don’t want to pay any fees ever, make sure you watch out for cards that have an annual fee after the first year. Let us know how you go!
Hello Team,
I understand that our credit cards have been cancelled on the 20th of September and the new Master Cards been posted to my address. However as we are stuck in Europe due to Covid 19 and not sure when we will return to Australia my son has posted them to us about 4 weeks ago registered but due to Covid 19 we have learned that the cards are still at the Post Office depot at the airport.
My question is; when we receive the cards eventually (if ever) can we still activate them or do we have a time frame since they have been issued?
Thanking you, Jose'
Hi Jose, sorry to hear you are stuck in Europe. I think it could be a concern on the timeframe. Though you would need to see how it goes when you actually get them. I would wait until you receive. Then see how it goes when you try to activate, it could be all good. Then from there you can reach out to Westpac credit card customer service if any issue.
Hello Team, I see your cancelling our present credit card to Low Fee Platinum Mastercard account. Although the new MasterCard has the catchy "Low Fee" attached to it, I see there is nothing changes between the present card I have and the new MasterCard. Rates and charges on change slightly and with this Nes card I now see you intend to charge me an annual fee of $90 after the first twelve months. Again we see the banks up to their old tricks of trying to "mask" what they offer by slightly changing the label. I did not see anywhere in your 'sell" of the Low Fee Mater Card where it says as a pensioner you will NOT be charging us the $90 annual fee after twelve months. I don't pay it now under the present card. Be assured I would expect better rates al round as a pensioner and unless I have a guarantee of better rates in writing, be assured, I will have no hesitation is changing backs, selling all my Wespac shares and going to another bank.
Hi Maurie, banks are businesses. They are out for shareholder profits. You always need to shop around to get the best deal for you. Though as a pensioner it can be harder to get approved for credit. Especially with the current COVID-19 situation. Before you cancel your Westpac card. I suggest you reach out to them and see if they can waive the annual fee for you. Additionally I would apply for any new credit card first. Just to make sure you get it before cancelling.
Des the Westpac Low Fee Platinum Mastercard. have pay wave?
Hi, this is a Mastercard, therefore it comes with paypass technology - more about it is here - https://www.mastercard.com.au/en-au/consumers/features-benefits/contactless.html
cost of a second card for my wife
Hi M, you get one free additional card holder with this Westpac Low Fee Platinum
when we travel around in australia we cover the insure
Hi Clotilde, there is some limited cover when traveling domestically. Have a review of this PDF - https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/pb/credit-cards/WBC_Consumer_Credit_Card_Comp_Insurance_Allianz.pdf. It outlines the insurance with this card. Reach out to the insurer directly with any questions you have.
I am 1 day late paying off last months full outstanding balance on my Westpac platinum credit card, what will I be charged?
Hi Ingrid, if they charge you a late payment fee, it is $15 with this card.
Can you balance transfers to the Westpac Low Fee Platinum credit card
Hi Aveen, the Westpac Low Fee Platinum does not currently have a balance transfer offer. How much debt are you looking to transfer and from what card(s)?
I an going to the US for a three month holiday. I have a Platinum Visa card. Will the complimentary Travel Insurance be sufficient coverage.
Hi Warren, it should be as the insurance is good with this product and will cover that length of time. Have a review of this information I found on the Westpac site. https://www.westpac.com.au/personal-banking/credit-cards/manage/travelling-overseas-insurance/travel-insurance/. It explains eligibility and what is covered. Review and see if its right for you.
I have a 55 day platinum reward cresot card with westpac and am traveling overseas to Sri Lanka next week. I just want to confirm that I will have full free travel insurance for this trip l?
Many thanks,
Abbie Murray
Hi Abbie, you need to meet the eligibility requirements to be covered. I found this page on the Westpac site that provides some good information. https://www.westpac.com.au/personal-banking/credit-cards/manage/travelling-overseas-insurance/travel-insurance/. This should give you all the information you need.
Does the travel insurance include the cost of return to home city in case of medical emergency?
Hi Ernest, I have found a PDF on the Westpac site that details the insurance with the 55 Day Platinum credit card - https://www.westpac.com.au/docs/pdf/pb/credit-cards/consumercards_complimentaryinsurancepolicy.pdf. I have checked through and expenses for emergency evacuation to Australia or another country, if the local medical services are inadequate or not available. The evacuation must be authorised and arranged by Allianz Global Assistance (refer to ‘Emergency and medical services whilst overseas’ in this
document for contact details). I would confirm with Allianz to see whether you are happy with the level of insurance.
Thank you ,Roland for you reply to our question re age limits for the Westpac 55day Platimum credit card. What would be the situation for a couple of 78 years and 81years. We have held a regular westpac 55day Altitude VisaPlatinum card for many,many,many years
Hi Clifford, if all other eligibility is met. I would think that the 78 year old could be covered. Whilst the 81 year old would not. I would reach out to the insurer directly. There may be a small fee possible to get covered. They also may not cover people over 80 full stop. Though I think its worth confirming.
are there age limits with travel insurance when using this card overseas or domestically/
Hi Cliff, yes there is. Westpac credit card overseas travel insurance is for persons up to and including 80 years of age. Here are full details of the insurance with this credit card. https://www.westpac.com.au/content/dam/public/wbc/documents/pdf/pb/credit-cards/WBC_Consumer_Credit_Card_Comp_Insurance_Allianz.pdf
Creditcard.com.au Visitor
11 September 2016allthough first year fees is 0, the subsequent years fees will be zero if you spend 10k more than previous year.. expenses will not increase by 10k for any customer year on...so this is one of the tricky way to get people to pay for fees...(my estimate is only 5-10% people will be eligible for 0 fees for next year...although they will have to pay year after that)
Does not recommend this cardBruce Langham
28 January 2013For a platinum card the westpac 55 day platinum is actually quite cheap. The annual fee is reasonable, and if you spend over a certain amount its free. It has a good purchase offer, but the balance transfer is maybe not so good. You can earn points in most places and the online rewards site is easy to use.
Recommends this card