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Purchase rate: 9.9% p.a.
Annual fee: $108 p.a.
Interest-free on purchases: Up to 45 days

Our verdict

Offers a low interest rate and no foreign transaction fees, with a $9 monthly fee.

The Westpac Lite is a simple, low rate credit card that also offers no foreign transaction fees when you're overseas or shopping online. In comparison, some credit cards (and debit cards) charge a fee worth around 3% of each transaction you make in a foreign currency – which can add up.

The Westpac Lite also offers up to 45 interest-free days on purchases when you pay your monthly balance in full. Unlike most credit cards in Australia, it charges monthly fees rather than an annual fee. The cost of these monthly fees adds up to $108 per year. So keep that in mind when you're comparing other cards.

Pros

0% foreign transaction fees
$0 fee for missed payments
Low purchase interest rate of 9.9% p.a.
1 additional cardholder at no extra cost

Cons

Only offers up to 45 days interest-free on purchases as opposed to other cards that offer up to 55 days
No rewards points or complimentary insurances

The Westpac Lite Card is suited to people who want simple, low-cost features. It has a 9.9% p.a. interest rate for purchases, which is one of the lowest ongoing purchase interest rates for credit cards issued by the Big Four banks in Australia.

This card also offers 0% foreign transaction fees, $0 late payment fees and cashback offers from Westpac Extras with popular retail brands, travel services and more.

Details

Product details

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

Fees

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 a citizen or have permanent residency in Australia or New Zealand. If you're not a permanent resident, you need to hold an acceptable visa with at least 1 year left before expiry.
Income. You must have a regular Australian taxable income that Westpac can verify.

Required documents

Age. You must be at least 18 years old to apply.
Personal details. This includes your full name, date of birth, street address, email address and phone number. You'll also need to include your relationship status and details of any dependants.
Proof of identification. Your Australian driver's licence, Medicare card or Australian passport.
Employment. Includes your current job, salary, length of employment and your employer's contact details. You also need to provide recent payslips or other proof of regular income.
Finances. You'll need to confirm your income and provide copies of recent bank statements or payslips. You'll also need to include information regarding any assets (such as savings or shares), existing loans and debts as well as an estimate of your monthly personal expenses.

Go to Westpac's site More info

Card benefits

0% foreign transaction fees. If you use the Westpac Lite overseas or online with an international retailer, you won't have to pay a foreign transaction fee. This can save you around 2-3% compared to cards that charge a foreign transaction fee.
Westpac Extras. This perk gives you access to personalised cashback offers by email. Just shop as usual and Westpac will credit your account when you meet an offer's requirements.

Contactless payments. You can tap and pay with this card for payments under $100. You can also make payments from a supported mobile device through Westpac's Mobile and Tablet Banking apps. You can also link your account with Fitbit Pay, Garmin Pay, Apple Pay, Google Pay or Samsung Pay to make contactless payments with your eligible device.
Security features. Westpac offers real-time checks to help spot suspicious transactions, a Fraud Money Back Guarantee and Westpac Added Online Security at participating stores online. You can also get a Westpac Digital Card through the app, with a CVC security number that changes every 24 hours to help protect your card against fraud.

Rates & fees

Purchase interest rate. This card has a low variable interest rate of 9.9% p.a. for purchases.
Interest-free days. This card offers up to 45 interest-free days interest-free on new purchases when you pay your monthly payment balance in full by the payment due date. This amount excludes current balance transfers but includes the monthly card fee and is listed on your statement. Note that interest-free days are separate from any longer-term interest rate promotions.

Monthly fee. This card charges a $9 monthly fee.
Additional cardholders. You can request 1 additional cardholder (aged 16 or over) at no extra cost.
Minimum payments. To keep this account in good standing, you must pay at least 2% of your outstanding balance by the due date on each statement. If your balance is less than $10, you must pay the full balance for that statement.

Go to Westpac's site More info

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Amy Finder

Editor

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Stephen

July 17, 2024

What do self-funded retirees need to do to get a credit card?

Sarah Megginson Finder

July 17, 2024

Hi Stephen,

The bank will want to see evidence of your income in order to ascertain that you have capacity to repay the debt. This might be in the form of rental statements from real estate agents if you have investment properties; distribution statements showing money being paid from funds and allocated pensions; bank statements showing interest etc.

Hope this helps!

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Wilfred

February 09, 2024

Can you get cash advances?

Sarah Megginson Finder

February 15, 2024

Hi Wilfred, Cash advances are not available with this card.

Peter

July 26, 2023

Can the Westpac Lite Card be loaded onto a phone?

Richard Whitten Finder

July 27, 2023

You can add it to your Westpac mobile wallet.

Margaret

April 06, 2023

I only want a card for when I travel overseas can I cancel the card when I return as I don’t want the card anymore

Amy Bradney-George Finder

April 13, 2023

Hi Margaret,

Yes you can cancel a credit card at any time. Just keep in mind that applying for a credit card will add to your credit history and could affect your credit score. If you only want a card for a short amount of time, you could consider different travel money options, such as prepaid travel money cards. I hope that helps.

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Jess

February 08, 2020

Hi, to be eligible for the Westpac lite card, is there a minimum amount that I have to earn a year? And does having ongoing Afterpay instalments affect my credit rating/my chances of getting a credit card?

Ash

February 08, 2020

Hi Jess,

Thank you for contacting Finder.

There is no specific annual income required to be able to apply for the Westpac Lite Credit Card though you need to provide documents to prove your employment information such as current job and salary.

Regarding your Afterpay Instalments, if you are not missing any repayments, it should not negatively affect your credit rating. As part of the card’s requirements, you need to declare your debt/s and your estimated monthly expenses.

A friendly reminder that before submitting your final application for the above Credit Card, make sure that you have read and understood its PDS as well as the Terms and Conditions.

I hope this helps.

Cheers,

Ash

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Westpac Lite Card

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Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

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