product logo

Lite Card

Compare

Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

Compare and review credit cards with similar features

Easy Street Financial Services

Easy Low Rate Visa Credit Card

Basic
Interest Free Days
Interest Free Days
55
Interest Free Days
44
Interest Free Days
55
Interest Free Days
55
Maximum credit limit
Maximum credit limit
No set max
Maximum credit limit
$30,000
Maximum credit limit
No set max
Maximum credit limit
$15,000
Minimum credit limit
Minimum credit limit
$500
Minimum credit limit
$6,000
Minimum credit limit
$1,000
Minimum credit limit
$1,000
Minimum repayment dollars
Minimum repayment dollars
$10
Minimum repayment dollars
$30
Minimum repayment dollars
$25
Minimum repayment dollars
$20
Minimum repayment percent
Minimum repayment percent
3
Minimum repayment percent
2
Minimum repayment percent
2
Minimum repayment percent
3
Number free supplementary
Number free supplementary
1
Number free supplementary
4
Number free supplementary
3
Number free supplementary
1
Annual Fee
Annual Fee
$45
Annual Fee
$49
Annual Fee
$58
Annual Fee
$40
Late Payment Fee
Late Payment Fee
$15
Late Payment Fee
$10
Late Payment Fee
$20
Late Payment Fee
$25
Over limit fee
Over limit fee
$0
Over limit fee
$40
Over limit fee
$20
Over limit fee
Duplicate statement fee
Duplicate statement fee
$0
Duplicate statement fee
$7
Duplicate statement fee
$0
Duplicate statement fee
Supplementary card annual fee
Supplementary card annual fee
$0
Supplementary card annual fee
$29
Supplementary card annual fee
$0
Supplementary card annual fee
$0
Rates
Purchase Rate
Purchase Rate
11.99%
Purchase Rate
11.99%
Purchase Rate
12.49%
Purchase Rate
8.99%
Cash advance rate
Cash advance rate
13.99%
Cash advance rate
21.69%
Cash advance rate
21.74%
Cash advance rate
8.99%
Balance Transfer
Balance Transfer Rate
Balance Transfer Rate
Balance Transfer Rate
0%
for 14 months then 21.69%
Balance Transfer Rate
0%
for 15 months then 21.74%
Balance Transfer Rate
Transfer Limit
Transfer Limit
100%
of the chosen credit limit
Transfer Limit
80%
of the chosen credit limit
Transfer Limit
95%
of the chosen credit limit
Transfer Limit
$15,000
max card limit
Overseas spending
Foreign Exchange Fee
Foreign Exchange Fee
3% on Mastercard
Foreign Exchange Fee
3.3% on Visa
Foreign Exchange Fee
3% on Visa
Foreign Exchange Fee
3% on Visa
Overseas charges
Overseas charges
$5
Overseas charges
$5
Overseas charges
$6
Overseas charges
$5
Estimated ATM Cost
Estimated ATM Cost
Estimated ATM Cost
$14.9
for AU $300 withdrawal
Estimated ATM Cost
$15
for AU $300 withdrawal
Estimated ATM Cost
$14
for AU $300 withdrawal
Rewards
Points Per $1 Spend
Points Per $1 Spend
Points Per $1 Spend
Points Per $1 Spend
Points Per $1 Spend
Eligibility
Minimum income
Minimum income
Minimum income
$35,000
Minimum income
$15,000
Minimum income
Go to siteGo to siteGo to siteRead More

Features

The Westpac Lite credit card offers customers a very low interest rate, a moderate number of interest-free days, and fewer fees. The card charges no late payment fee or foreign transaction fee, although the card does charge a monthly fee. The Westpac Lite card does not have an associated reward scheme, and cash advances are not available.

This card allows one additional card holder (16 years or over) at no extra cost. It also offers an online banking experience that lets card holders tap and pay with their Mobile Wallet, temporarily lock their card, and set up Card Autopay.

The Westpac Lite credit card delivers security and peace of mind with their Fraud Money Back Guarantee, Westpac Added Online Security, and a built-in microchip that increases convenience and purchase safety.

Pros
  • Very low interest rates
  • Free additional cardholder
  • No foreign transaction fees
Cons
  • Application fee charged
  • Discharge fee at end of loan
  • Legal fee charged
  • Settlement fee charged

 

Who is it good for?

The Westpac Lite credit card is well suited to budget card holders. The card offers fewer fees with no late payment fees and no foreign transaction fees. However, the card does charge a monthly fee in order to take advantage of interest-free days. This card is a good fit for customers who struggle to pay their bill in full each month. Westpac offers the option to set up a repayment plan using SmartPlan.

This card may not be a good fit for customers who want to be rewarded for their spending. With no associated rewards scheme, your purchases do not earn points or cash back. Card holders looking for product, voucher or airline rewards should browse the market for cards that are more suited to their preferences. Plus, the moderate credit limit may be problematic for customers who spend high amounts on their card each month.

What RateCity says

The Westpac Lite credit card is a reasonable low-rate card, particular for those who regularly make late payments or spend money overseas. However, the card does charge a monthly fee, which may not benefit customers looking for a card with no monthly or annual fee. There are other cards on the market that do not charge monthly or annual fees, though there may be a cost for late payments or foreign transactions.

For customers who already bank with Westpac, the Westpac Lite card may be a suitable choice. Those who do not already bank with Westpac may ask their current bank for a low-rate offering.

The Westpac Lite card does not offer a rewards program, so card holders in search of rewards on eligible purchases may be better off looking elsewhere. There are other cards that will earn points on eligible purchases, as well as provide benefits like complimentary insurances.

Applying/eligibility

Customers who want to apply for the Westpac Lite credit card must be at least 18 years old and be an Australian citizen or permanent resident. Permanent residents must be currently in Australia. Applicants will need to provide personal details and identification such as an Australian driver’s licence. The application may also ask for proof of income and expenses such as payslips and bank statements, as well as employment details. 

About Westpac

Westpac is an Australian bank that offers a range of solutions to both businesses and individuals. Headquartered in Sydney, Westpac is Australia’s first and oldest bank and was established in 1817. Westpac now provides financial services such as credit cards, bank accounts, home loans, car loans, insurance and wealth management. Westpac merged with St. George Bank Limited in 2008, with St. George Bank becoming a division within the Westpac Group.

Compare your product with the big 4 banks, or add more products to compare
As seen on