Offers a low interest rate and no foreign transaction fees, with a $9 monthly fee.
The Westpac Lite Credit Card is designed for those seeking a straightforward, low-rate option with the added benefit of no foreign transaction fees, whether you're traveling abroad or shopping online. Many other credit and debit cards impose a foreign transaction fee of about 3%, which can accumulate significantly.
Additionally, the Westpac Lite offers up to 45 interest-free days on purchases if you pay your balance in full each month. Unlike most credit cards, it charges monthly fees rather than an annual fee. The total annual cost for these monthly fees amounts to $108, so it's important to factor this into your comparison with other cards.
Pros | Cons |
|---|---|
0% foreign transaction fees | Only offers up to 45 days interest-free on purchases as opposed to other cards that offer up to 55 days |
$0 fee for missed payments | No rewards points or complimentary insurances |
Low purchase interest rate of 9.9% p.a. | |
1 additional cardholder at no extra cost |
The Westpac Lite Card is ideal for those seeking straightforward, low-cost credit card features. It boasts a 9.9% p.a. interest rate on purchases, which is among the lowest ongoing rates offered by the Big Four banks in Australia.
Additionally, the card provides 0% foreign transaction fees, $0 late payment fees, and access to cashback offers through Westpac Extras with popular retailers, travel services, and more.
Details of Westpac Lite Card
Product Name | Westpac Lite Card |
Purchase rate p.a. | Purchase rate p.a. 9.9% |
Interest-free period | Up to 45 days on purchases |
Min credit limit | $1,000 |
Max credit limit | $20,000 |
Card type | Mastercard |
Eligibility
Available to temporary residents | Yes - Conditions apply |
Minimum income | $30,000 |
Joint application | No |
Rewards
Bonus points | N/A |
Fee
Annual fee | Annual fee $108 |
Minimum monthly repayment | 2% of the closing balance or $10, whichever is greater |
Late payment fee | $0 |
Foreign currency conversion fee | Foreign currency conversion fee 0% |
Additional cardholder fee | $0 |
Number of additional cardholders | 1 |
How to Apply
You can apply for the Westpac Lite Card online in 10 minutes and receive a response in 60 seconds.
Eligibility Criteria
Residency: You can apply if you are an Australian or New Zealand citizen or have permanent residency in either country. If you are not a permanent resident, you must hold a valid visa with at least one year remaining before it expires.
Income: You must have a regular, verifiable taxable income from an Australian source.
Required Documents
Age: You must be at least 18 years old to apply.
Personal details: This includes your full name, date of birth, residential address, email address, and phone number. You'll also need to provide your relationship status and details of any dependents.
Proof of identification: Acceptable forms of ID include your Australian driver's licence, Medicare card, or Australian passport.
Employment: Provide details of your current job, including your role, salary, length of employment, and your employer’s contact information. Recent payslips or other proof of regular income will also be required.
Finances: You’ll need to confirm your income and provide recent bank statements or payslips. Additionally, include information about any assets (such as savings or investments), existing loans and debts, and an estimate of your monthly personal expenses.
This straightforward application process is designed to accommodate Australians searching for an effective credit card solution that manages existing debt efficiently while offering new purchasing power.
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