Qantas Money Platinum vs Westpac Low Rate Card

Compare Qantas Money Platinum, Westpac Low Rate Card side by side: annual fees, interest rates, rewards and eligibility to find the right card for you.

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Side-by-side comparison of Qantas Money Platinum vs Westpac Low Rate Card.
	Qantas Money Platinum	Westpac Low Rate Card

Card details

CardIQ

How we calculate scores

Overall	42Fair	59Good Highest
55 days interest-free	–	56/100
Airport lounge	34/100	–
Balance transfer	47/100	62/100Highest
Frequent flyer	42/100	–
Low rate	–	59/100
Qantas Points	42/100	–
Rewards	37/100	–
Sign-up bonus	57/100	–
Travel	32/100	–

The basics

Card tier	Platinum	Standard
Card type	Mastercard	Mastercard
Credit rating	Good	Good
Rewards program	Qantas Frequent Flyer	None
Credit limit	$6,000 – $100,000	$500 – $50,000

Eligibility

Minimum age	18 years old	18 years old
Minimum income	$35,000 p.a.	$30,000 p.a.Lowest
Residency	Australian citizen or permanent resident	Australian citizen or permanent resident
Joint application	No	No
Temporary residents	Not eligible	Not eligible
Instant approval	No	Yes (~60 seconds)

Repayments

Interest-free period	Up to 44 days	Up to 55 daysHighest
Minimum repayment	2% of the closing balance or $25, whichever is greater	2% of the closing balance or $10, whichever is greater

How much could you save?

Enter your balance and current rate to see your estimated saving for each card below.

Balance transfers

Promotional rate	0% p.a.	0% p.a.
Period	12 months	20 monthsHighest
Transfer fee	3%	3%
Limit	Up to your available credit limit	Up to your available credit limit
Revert rate	21.99% p.a.	21.99% p.a.
Can't transfer from	Coles, Kogan Money, MyCard, NAB, Qantas Money	Westpac
Estimated saving	$850over 12 mths	$1,517over 20 mthsHighest

Rates & fees

Ongoing interest rates

Purchases	20.99% p.a.	13.74% p.a.Lowest
Cash advances	21.99% p.a.	21.99% p.a.

Fees

Annual fee	$349 p.a.	$84 p.a.Lowest
Monthly fee	—	—
Additional cardholder fee	$50	$0Lowest
Cash advance fee	3% of the amount	3.5% of the amount
Foreign transaction fee	3%	3%
Late payment fee	$30	$20Lowest

Rewards

How many points could you earn?

Enter your monthly spend to see estimated annual points for each card below.

Earn rate

Everyday spend	1 pt per $1 up to $10,000 per statement period	None
Bonus categories	None	None
Other purchases	None	None
Overseas spend	1.5 pts per $1 on overseas spend	None
ATO/government	None	None
Reduced rate above monthly cap	0.5 pts per $1 above $10,000 per statement period	None
Points cap	Uncapped	—
Points expiry	Points don't expire while your account is open and in order.	—
Estimated annual points	156,000 ptsWorth $1,872	–

Sign-up bonus

Sign-up bonus	120,000 points	—
Bonus spend required	—	—

Related comparisons

Sources

Credit Card Compare: How CardIQ scores cards
Government: Product reference data (Consumer Data Right)
Issuers: Qantas MoneyWestpac
Program: Qantas Frequent Flyer