Westpac Student Visa
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Moneybuddy says
Visa from Westpac designed specifically for full-time students with highly flexible qualification rules (compared to most credit cards), allowing for regular changes of address and lack of full-time employment. The interest rate is high but the annual fee is waived in the first year and the card offers the benefit of worldwide Visa acceptance.
The Basics
Card class Visa
Card type Credit card
Purchase rate p.a. -
Balance transfer rate p.a. -
Annual fee -
The cool stuff: features
Reward program -
Reward program name -
Reward program details -
Reward program terms -
Additional card holder No
Add. card holder details -
Purchase security -
Extended warranty -
International travel insurance -
Online access No
Phone access No
The Facts & Figures
Purchase rate p.a. -
Cash advance rate p.a. -
Introductory purchase rate p.a. -
Introductory purchase rate period -
Introductory balance transfer period -
Balance transfer rate p.a. -
Introductory balance transfer rate p.a. -
Interest free days -
Minimum repayment -
Min. credit -
Max. credit -
Cash advance limit -
Cash advance limit period -
The ugly stuff: fees
Reward program fee -
Late payment fee -
Atm fee -
Foreign exchange fees -
* Important note: All product information comes from the product provider or an affiliate and to the best of our knowledge is correct at time of publishing.
Westpac says
The Student Visa is designed especially for full-time tertiary students studying at a recognised tertiary institution. It takes into account the fact that you could be regularly changing address and may not be working full time - things you would normally need to qualify for a credit card.
Annual fee: $** (waived for the first year), Up to ** days interest free on credit purchases, Interest rate: **.**% pa
Key features
- Approval based on income received from your casual job
- part-time job or Austudy
- Choice of a $*** or $*** or $*** credit limit
- Competitive variable interest rate
- Low annual fee of $**
- waived in your first year
- Worldwide acceptance at over ** million places around the globe
- Easy access ATM and EFTPOS
- ** hours a day
- * days a week
- Security when shopping online
- Emergency card replacement
- ** hour phone assistance
- Optional - Credit Card Repayment Protection
Pros
- Much easier to qualify for than other cards
- Annual fee waived first year
- $*** or $*** or $*** credit limit
Cons
- High interest rate
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