Westpac hotpoints Mastercard Review

Earn rewards for using your card on everyday purchases.

The Westpac hotpoints Mastercard rewards you for spending while keeping annual account fees low. hotpoints is Westpac’s credit card reward programme, giving you access to a range of products that you can redeem your hotpoints for.

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20.95% p.a.

Purchase Rate

$44 p.a.

Annual Fee


Minimum Income


Product NameWestpac hotpoints Mastercard
Balance Transfer Limit95%
Purchase Rate20.95% p.a.
Interest Free PeriodUp to 55 days on purchases
Min credit limit$500
Minimum Monthly Repayment2% of transaction value or $5, whichever is greater
Minimum Income$15,000
Card TypeMastercard
Late Payment Fee$8
Complimentary Travel Insurance CoverN/A
Joint ApplicationYes

Benefits of the Westpac hotpoints Mastercard

  • Earn rewards. For every $1 you spend on your Westpac hotpoints Mastercard you earn 1 hotpoint. Hotpoints can be redeemed for rewards such as merchandise, travel and vouchers. You can even donate hotpoints to the Westpac Rescue Helicopters. Use the hotpoints calculator on the Westpac website to find out how many hotpoints you can earn based on your average monthly spend.
  • hotpoints Pay. With hotpoints Pay, if you have accrued enough hotpoints, you can use them to make a purchase wherever Mastercard is accepted. You can even use your hotpoints to pay for a purchase up to 90 days after you make it.
  • Mastercard Priceless. Enjoy unique local and global offers on dining, entertainment, shopping and travel with the Mastercard Priceless programme.
  • Interest-free days. Get up to 55 interest-free days when you pay off your statement balance in full each month.
  • Balance transfer. If you have an outstanding balance on a credit card from another provider, you can apply to transfer it to your new card. If successful, you pay only 5.95% p.a. for the life of that balance.
  • No international ATM fee. You won’t pay the usual $2 transaction fee when you use your Westpac hotpoints Mastercard at an ATM in the Global ATM Alliance.

Features of the Westpac hotpoints Mastercard

  • Interest rate. Standard purchases are subject to an interest rate of 20.95% p.a. An interest rate of 22.95% p.a. applies to cash advances.
  • Account fee. The Westpac hotpoints Mastercard has an annual account fee of $44.
  • Link your accounts. Link your other Westpac accounts to your credit card, so you only need to carry one card with you when you head out and about.
  • CashNav. Monitor your spending with Westpac’s money management app, which lets you check in real-time.
  • Contactless payments. In-store payments are faster and more convenient with Mastercard Tap & Go. You only need to enter your PIN if the transaction is $200 or higher.
  • Westpac CardGuard. Stay protected from fraudulent activity 24/7 with Westpac CardGuard.
  • Card Blocker. If you temporarily misplace your card or believe it has been lost or stolen, you can put a block on it using Card Blocker.
  • Globally accepted. Use your Westpac hotpoints Mastercard at over 35 million locations around the world.

How to apply

If you’re ready to apply for the Westpac hotpoints Mastercard, make sure that you meet the eligibility criteria and have the required documents outlined below. You can either pop into a branch to fill in an application form, or you can submit a form on the Westpac website.

Eligibility criteria

  • Be at least 18 years of age
  • Be a New Zealand citizen or permanent resident
  • Receive an annual income of at least $15,000 per year

Required documents

For Westpac to approve your application, you need to prove your identity, income and address. You can expect Westpac to ask for the following documents, so make sure to have these ready before applying.

  • Proof of identity: A New Zealand passport or driver’s licence
  • Proof of address: A recent utility bill, bank statement or government letter
  • Proof of expenses and income: Three months worth of bank statements for your main transaction account where your income is credited.

The bottom line

The Westpac hotpoints Mastercard has the lowest annual fee of all Westpac’s hotpoints cards but still attracts a substantial purchase interest rate of 20.95 % p.a. However, if you wish to transfer a balance from another credit card provider, you pay only 5.95% p.a. for the life of this balance, which can be helpful if you wish to pay off significant debt.

Compare other credit cards

Name Product Purchase Rate Annual fee Balance Transfer Rate
The Co-operative Bank Fair Rate Credit Card
12.95% p.a.
0% p.a. for 6 months
0% p.a. on balance transfers for 6 months, plus benefit from a low rate of 12.95% on both purchases and cash advances.
American Express Airpoints Card
0% for 6 months (reverts to 19.95% p.a.)
Be rewarded with 50 bonus Airpoints Dollars. Simply apply, be approved, and spend $750 on your new Card in the first 3 months of membership. This offer is available to new Card Members only.
American Express Airpoints Platinum Card
19.95% p.a.
Limited time offer: Be rewarded with 500 bonus Airpoints Dollars when you apply online by 27 September 2021 are approved, and spend $1,500 on your new Card within the first 3 months. This offer is available to new Card Members only. Ts&Cs apply. You will also earn 1 Airpoints Dollar for every $59 you spend on your card.
American Express Platinum Edge Credit Card
2.99% for 6 months (reverts to 19.95% p.a.)
Enjoy a low rate on purchases and earn 20,000 Membership Rewards Bonus Points if you apply, are approved and spend $750 in the first 3 months of Card membership. This offer is available to new Card Members only.

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