Westpac 55 Day Platinum Credit Card

With a low annual fee, 24/7 worldwide concierge service, and a low interest (3.99% p.a.) on balance transfers up to 6 months, the Westpac 55 Day Platinum credit card caters to individuals from all walks of life. From business travellers to those who are interested in transferring a balance to save money, this card offers many advantages over the competition.

Benefit of the Card’s Best Features?

As you begin to compare the Westpac 55 Day Platinum credit card to others, you soon realise that there are many benefits and features. The global acceptance of Visa at more than 30 million locations around the world is reason enough to consider this credit card.

Let’s start with the annual fee. For the first year, the annual fee is waived. After that, your fee is again waived if you spend more than $20,000 during a given year. If you don’t meet this spending limit, your fee is a reasonable $130.

The 24/7 globally available concierge service is one of the top features of this credit card. If you are the type who travels a lot, either for personal or business reasons, this service is sure to come in handy from time to time. From booking travel tickets, including booking you into a hotel and arranging rental cars, to restaurant reservations, having a personal concierge service at your fingertips is something that you will enjoy and find immensely useful.

Insurance, insurance, and more insurance. When you carry this credit card you are going to receive many types of insurance coverage including: overseas travel insurance, transit accident insurance, rental vehicle insurance excess, purchase security insurance, and extended warranty insurance. You know what they say: you can never be too insured!

Finally, don’t overlook the importance of the 55 day interest free period – an obvious feature given the card’s name. This applies on purchases whereby interest is not charged when your closing balance is paid in full by the statement due date.

Are There Any Drawbacks?

Like all credit cards, the Westpac 55 Day Platinum has some drawbacks that you need to be aware of. Most importantly, you need to focus on the cash advance rate of 21.49% p.a. and 19.59% p.a. variable rate on all purchases that are not paid within the 55 day interest free period. Other credit cards offer a lower rate on cash advances and particularly on purchases. If you plan on carrying a balance from month to month, interest rates should definitely effect your decision.

Also, most platinum level credit cards offer a rewards program of some sort, a feature that’s conspicuously absent on this Westpac 55 Day Platinum card.

Who is Eligible?

To be eligible for the Westpac 55 Day Platinum you must be 18 years of age or older. Along with this, you are required to have an annual minimum income of $65,000.

Who Would be Suited?

If you are over the age of 18 and earn more than $65,000, you should at least consider what the Westpac 55 Day Platinum credit card has to offer. However, there are particular groups of people that are better suited for this card. Frequent travellers will love the Westpac 55 Day Platinum credit card thanks to the 24/7 worldwide concierge service and additional complimentary insurance coverage. Of course, this is also a good choice as an everyday credit card for personal and business use.