Westpac Low Rate Mastercard Low-Interest Credit Card for Kiwis
A practical low-rate option for Kiwis, offering 13.45% p.a. purchases, up to 55 days interest-free, 5.95% balance transfers and a $25 annual fee
Why Kiwis choose the Westpac Low Rate Mastercard
The Westpac Low Rate Mastercard is a straightforward, budget-friendly credit card built for everyday money management in New Zealand. With a purchase rate of 13.45% p.a. and up to 55 days interest-free on purchases, this card appeals to Kiwis who occasionally carry a balance but want to avoid high interest.
It’s a sensible low rate credit card NZ option for those who prioritise low ongoing costs over rewards. The modest $25 annual fee (paid semi‑annually) keeps card ownership affordable while offering essential features like contactless payments and Mastercard Priceless Cities perks.
Key features that make it practical
The card offers a competitive 5.95% p.a. balance transfer rate for transferred balances, helping users consolidate higher interest debt into one lower-cost account. You can transfer up to 95% of your approved credit limit, which is useful when simplifying finances across multiple cards or loans.
Security and convenience are covered with 24-hour emergency card assistance and no international transaction fees at Global ATM Alliance ATMs. For frequent travellers, the Westpac Low Rate Mastercard reduces overseas cash withdrawal costs and supports quick tap-and-go transactions around NZ and abroad.
Who benefits most from this low rate credit card NZ
This card suits Kiwis who want predictable, low-cost credit without the fuss of points schemes or complex tiers. If you sometimes carry a balance or plan a balance transfer to reduce interest charges, the Westpac Low Rate Mastercard helps lower monthly interest outgoings and speeds up debt reduction.
It’s also a good match for people on a tight budget who still need a reliable card for travel, online purchases, and emergency cover. The simple fee structure and clear interest rates make it easy to compare with other low rate credit cards in the New Zealand market.
Fees, limits and how to apply
The annual fee is NZD $25 and typically split into two semi-annual payments, keeping upfront costs minimal. Standard eligibility includes being 18 or over, NZ citizen or permanent resident, and meeting Westpac’s credit criteria — a straightforward online application process gets you started fast.
When applying, have proof of ID and income ready so Westpac can assess your limit. Keep in mind that maintaining the interest-free period requires paying the full balance each month; otherwise interest may apply. For many Kiwis, the Westpac Low Rate Mastercard provides a clear, low-cost way to manage credit responsibly.