Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Westpac Adds New Balance Transfer For Life Option

28 December 2005
For immediate release

Westpac Adds New Balance Transfer For Life Option

Westpac has revamped its Low Interest MasterCard to include a highly competitive balance transfer offer that is not available on any other Visa or MasterCard in New Zealand.

As of 1 January people can transfer the money they owe on other credit cards or hire purchase agreements with higher interest rates to Westpac’s Low Interest MasterCard and pay only 9.9% per annum on the amount transferred until it has been paid off in full.

Westpac’s Head of Cards Ross Jackson says “Westpac is the first New Zealand bank to offer such a low balance transfer rate for the life of the balance transferred. All other banks’ Visa and MasterCard balance transfer offers default to the cards’ higher interest rate after a time period – usually just three or six months.”

“This coupled with Westpac’s low every day rate of 13.95% makes the card a very competitive option for people wanting to lower their credit card or hire purchase interest repayments or wishing to consolidate multiple lines of credit into a single low interest rate pool.”

“Transferring money to Westpac’s Low Interest MasterCard will reduce the interest costs paid on most standard credit cards and store finance plans by at least half. This card now also includes up to 55 days interest free for existing and new customers,”
he says.

The Low Interest MasterCard is accepted at over 28 million locations around the globe and worldwide 24-hour emergency assistance is available. The annual account fee is $65 split out over two payments of $32.50. Westpac’s normal credit criteria apply.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>