The Low Interest MasterCard credit card from Westpac Bank is the ideal financial instrument for anyone looking for the flexibility a credit card provides while still intent on saving money. Thus, this credit card doesn’t come with any of the perks or exclusive benefits other cards features, such as rewards programs, but it does offer the most important thing and that is a highly attractive interest rate to help you keep your costs down.
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Westpac Bank Low Interest MasterCard Credit Card: An Overview
The Westpac Bank Low Interest MasterCard is the perfect credit card for anyone looking to make an investment in a big-ticket item that they would prefer to pay over a few months. In other words, you get the flexibility of a credit card at rates comparable to many personal loans. Thus, you can pay off your purchase in a few months rather than a year or more and pay a minimal amount in interest charges.
Another advantage the Low Interest MasterCard offers is flexibility in terms of repayments. Unlike a personal loan, you only have to make a minimum payment of of your outstanding balance or $5, whichever is greater. Of course, you can pay off the card in full or pay as much as you like over the minimum and there are no early repayment fees.
Additionally, just to make sure you don’t forget to make your payments on time, you can set up an automatic payment or direct debit. This way, you will save even more money by avoiding late payment fees. If you would prefer to pay manually or just want to pay more than the automatic payment you’ve set up, you can transfer funds via internet or phone banking and even use a Westpac ATM to make the payment.
If you travel frequently, you’ll find this Westpac MasterCard to be ideal because you can use it in over 32 million locations all over the world. You can also withdraw cash from any ATM that displays the MasterCard and Cirrus logos and if you make sure to use an ATM that is part of the Global Alliance Group network, you don’t have to pay the $8 international transaction fee.
How Much Will It Cost You?
The Westpac Bank Low Interest MasterCard features a competitive rate on purchases of per annum. You also get days interest free, meaning you have plenty of time to cover the cost of regular purchases before interest starts accruing. In terms of cash advances, though, you will be paying per annum and interest is charged from the moment you make the withdrawal, meaning that you really should be careful or you could end up with a lot of debt.
You can also save money on other credit card debt by transferring it over to your new Westpac credit card since the rate is only . And the best part? This rate is valid until you pay off your balance transfer, regardless of how long it takes.
The cost of this credit card is only per year and if you want a joint or additional card, it will cost you another .
A Little Something Extra
As a MasterCard cardholder, you also get access to MasterCard applause, which means you’ll be able to get some great deals on tickets for shows, sporting events and more.
The Westpac Bank Low Interest MasterCard credit card is ideal for anyone who is more interested in saving money over rewards and other perks. Thus, if you’re after a card that features a low interest rate and can help you reduce existing high-interest debt, then you need look no further than the Low Interest MasterCard from Westpac.