The Westpac Lite Mastercard is a financial instrument intended to provide cardholders looking for basic features and low fees with ease and affordability. This tutorial aims to thoroughly review the Westpac Lite Mastercard, emphasizing its main features, cost breakdown, and usage advice. The Westpac Lite Mastercard might be the best option for your regular banking requirements, whether you are trying to lower your debt or better control your spending.
Continue reading to learn all you should know to make the most of this budget-friendly credit card.
Key Features of Westpac Lite Mastercard
There are many key features why you must choose Westpac Lite Mastercard over others:
Lowest Card Purchase Rate
You may save money on interest costs in the months when you don’t return the entire balance by taking advantage of their lowest credit card interest rate on purchases.
No Foreign Transaction Fee
Most credit cards offer benefits when someone is traveling to an international destination. However, with Westpac Lite Mastercard, you do not have to travel to avail the benefits, you can also get it while you shop online with an international merchant.
Discounts and Cashbacks
In addition to discounts and incentives from various retailers, in-store and online, a Westpac credit card entitles you to personalized Westpac Lite Mastercard cashback offers from Westpac Extras. You can also get Westpac bonus Cashback when you buy via the Westpac Lounge on ShopBack.
The cashback offers are directly mailed to eligible cardholders, or they can be checked through online banking by going to the rewards and offers section. These offers are from the most popular and well-known brands, such as supermarkets, departmental stores, travel partners, petrol stations, and more. These cashback offers are over and above the in-store discounts and offers.
Digital Card
Westpac customers do not need a physical card to make transactions. Like Samsung Pay, Apple Pay, or Google Pay, customers can activate and use their instant digital card when the account is opened, and there is no need to wait for the physical card to arrive.
Complimentary Insurance
Westpac has a tie-up with Allianz Australia Insurance Limited, which offers complimentary insurance to eligible cardholders. Before planning your next holiday, check out the Westpac Lite Mastercard travel insurance plan and avail these benefits.
Different cover types include international travel insurance, purchase protection insurance, extended warranty insurance, rental vehicle excess insurance, interstate flight inconvenience insurance, and overseas transit accident insurance.
Fraud Money Back Guarantee
If a customer faces fraud or sees any unauthorized transaction on their statement, they can raise it with the bank as soon as possible. The bank guarantees to reimburse any unauthorized amount under its fraud money-back feature. However, remember that some terms and conditions are applied to it.
Pros and Cons of Westpac Lite Mastercard
| Pros | Cons |
| Low purchase charges or a rate of 9.90 per annum | Monthly fee of $9 |
| No foreign transaction fees | – |
| Tap and pay option with Samsung Pay, Google Pay, and Apple Pay | – |
| No late payment charges | – |
| Fraud protection | – |
| No extra charges for additional cardholders | – |
Fee & Payments Associated with Westpac Lite Mastercard
| Features | Amount |
| Monthly card fee | $9 |
| Annual card fee | $108 |
| Foreign transaction fee | 0% |
| Minimum monthly payments | $10 or 2% of the closing amount, whichever is greater |
| Foreign currency conversion fee | Nil |
How to Apply for Westpac Lite Mastercard?
This card can be applied by an Australian or New Zealand citizen or permanent residency holder. If you are not, you must have an acceptable visa with at least one year to expiry. In addition, there should be a regular Australian income that can be verified. Follow the below steps to apply:
- Visit Westpac’s official website.
- On the homepage, click on low-rate credit cards under the credit cards section.
- Click on the Westpac Lite Card
- Click on Apply now
- Fill out the application form and the required details.
- Submit the application.
Documents required are:
- Age proof – 18 years and above
- Full name, address, phone number, email address, marital status, and other personal information.
- ID proof – medicare card, driving license, or Australian passport
- Employment – current job details
- Bank statements
Final Thoughts
Westpac Lite Mastercard has many excellent features that can be useful. For a few of these, there are no late or international transaction penalties to be concerned about. Additionally, clients may benefit from an interest-free period of nearly 45 days on their purchases. These features make this card an excellent option, especially for people who shop online with foreign merchants or first-time credit card users.