Westpac credit card cash advance interest rate
As you will find with most platinum rewards cards, the interest charged on the Westpac Altitude Platinum Credit Card is not low. With both the purchase rate and cash advance rate being relatively high, it’s best to avoid cash advances and to clear your balance month-to-month. Featuring Westpac’s lowest rate on credit card purchases of 9.90% p.a., the Westpac Lite Mastercard also comes with no foreign transaction fees or late payment fees. The credit card limit is between $500 to $4,000 and it charges a monthly fee of $9 which is $108 annually. Business credit & debit card fees Interest rates and fees are current as at 17 March 2020 and are subject to change without notice. Some overseas banks may charge an extra fee for a cash advance. Fee description Westpac’s current credit card lending criteria apply to all applications and transfers. Cash advances typically have higher interest rates than standard credit card purchases, with most APRs ranging from 19% to 22%. They also attract a fee worth 3% to 5% of the transaction and are often not eligible for features such as a 0% intro APR period or reward points. draw cash from the Westpac Classic Visa Credit Card or Westpac Business Visa Card using an automatic teller machine or at a financial institution; or receive from a Merchant a cash substitute (including, but not limited to, using the Westpac Classic Visa Credit Card or Westpac Business Visa Card to purchase tokens, traveller’s
9 Feb 2020 We look at some hacks that might help you manage credit card debt. Westpac. 244,908 Followers · Financial Service
The variable cash advance rate will almost always be higher than the purchase rate and interest free days do not apply. Balance transfer rate The balance transfer rate is usually a low rate offered to customers transferring balances from an existing non-Westpac store or credit card to a new Westpac credit card. Credit cards Interest rates are current as at 17 March 2020 and are subject to change without notice. Other credit card rates; Cash advance rate: Westpac’s current credit card lending criteria apply to all applications and transfers. Cash advances also commonly have fees, which typically range from $2 to $10 or a percentage of the amount you withdraw (for example, between 2% and 5%), whichever is greater. The interest is charged from the day of your cash advance, as there’s no interest-free period like there is on purchases. How to calculate credit card interest Credit cards can be used to help you manage short term cash flow. Perhaps most importantly though, they allow you to make purchases without using your own money, and so allow you to “buy now, pay later”. Transfer balances from another bank’s credit card, overdraft, personal loan, or hire purchase agreement to a Westpac credit card. > More on balance transfers: 5.95% p.a. on the balance transferred for the life of the balance. Cash advance rate Cash advances on all Westpac credit cards, excluding those on Portfolio pricing. 22.95% p.a.
Cash advances. If you use your card to make a cash advance (such as an ATM withdrawal), you'll immediately attract the 21.49% p.a. cash advance interest rate and will be charged a cash advance fee
The variable cash advance rate will almost always be higher than the purchase rate and interest free days do not apply. Balance transfer rate The balance transfer rate is usually a low rate offered to customers transferring balances from an existing non-Westpac store or credit card to a new Westpac credit card. Credit cards Interest rates are current as at 17 March 2020 and are subject to change without notice. Other credit card rates; Cash advance rate: Westpac’s current credit card lending criteria apply to all applications and transfers. Cash advances also commonly have fees, which typically range from $2 to $10 or a percentage of the amount you withdraw (for example, between 2% and 5%), whichever is greater. The interest is charged from the day of your cash advance, as there’s no interest-free period like there is on purchases.
23 Oct 2019 Instead of paying exorbitant interest rates and fees on a cash advance, have you considered using a credit card with cash back rewards?
+Cash back promotion: The cash back offer is available when you apply and are approved for a new Low Rate credit card from 1st August 2019 and midnight 15th October 2019 and spend $800 on eligible purchases within 90 days of card approval. Eligible purchases do not include fees, cash, cash equivalent transactions, Low Rate Mastercard® - Interest rates: Card Interest rates; Purchases (and other fees & charges) 13.45% p.a. Balance transfer rate # Transfer balances from another bank’s credit card, overdraft, personal loan, or hire purchase agreement to a Westpac credit card. > More on balance transfers: 5.95% p.a. on the balance transferred for the life of the balance. Cash advance rate: 22.95% p.a. For example, if your credit card had a cash advance rate of 21.99% p.a. and you made a cash advance transaction worth $1,030 (with a 3% cash advance fee), you would be charged $18.64 for the first Payments will be applied to charges and accrued interest, then to cash advances and purchases, followed by balance transfers. If you have multiple balance transfer rates, payments will first be applied to the balances transferred at the highest interest rate. Westpac’s current credit card lending criteria will apply for credit cards. What you need to know about cash advance interest rates A credit card cash advance gives you quick access to money but it often comes at a high cost. If you are holding a Westpac 55 Day Credit Cash advances. If you use your card to make a cash advance (such as an ATM withdrawal), you'll immediately attract the 21.49% p.a. cash advance interest rate and will be charged a cash advance fee
Find out more about the Westpac Low Rate and rewards credit cards. Pay no interest for 16 months on balance transfers requested at card application. 21.49% p.a. variable cash advance rate; Pay no interest on purchases for up to 55
Cash advances. If you use your card to make a cash advance (such as an ATM withdrawal), you'll immediately attract the 21.49% p.a. cash advance interest rate and will be charged a cash advance fee
Cash advances. If you use your card to make a cash advance (such as an ATM withdrawal), you'll immediately attract the 21.49% p.a. cash advance interest rate and will be charged a cash advance fee Cash advance. A cash advance refers to a funds transfer made from your credit card. There is no interest free period for cash advances. Interest is calculated daily from the date of the transaction until the balance owing on your card is paid off in full.