Westpac 55 Day & 55 Day Platinum Credit Card - Free for Life, Save $99/Yr - New Cardholders Only

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mahdi on 07/04/2014 - 09:59 westpac.com.au (1751 clicks)
Last edited 03/03/2015 - 02:26 by 2 other users

Westpac has given another offer similar to (https://www.ozbargain.com.au/node/133157)
The privious offer finished at the end of march.

55 Days Credit Card

Westpac Credit Cards Complimentary Insurance Policy

From the previous post:

Compared with the also free-for-life Citibank Platinum/Signature and Bankwest Zero Mastercard Gold/Platinum, Westpac Platinum provides complimentary insurances including coverage of up to

•4 months purchase cover (vs 3mths)
•2 years extended warranty (vs 1yr)
•$5500 rental vehicle excess insurance in Australia (vs $2250 or none)

Platinum Features:

Interest free days
Up to 55 interest free days on credit purchases when you pay the closing balance in full by the due date shown on your statement.

Complimentary Platinum Concierge Service
Concierge is your own personal assistant, providing emergency assistance worldwide as well as helping you find the perfect party venue, or get tickets to your favourite game. It's all just a phone call away. This service is available 24 hours a day, 7 days a week from anywhere in the world. Read the terms and conditions in Details.

Extended complimentary insurance
A range of complimentary insurance covers come with your cards as set out in the Westpac Credit Cards Complimentary Insurance Policy in the Details.Zurich Australian Insurance Limited ABN 13 000 296 640 AFSL 232507 (Zurich) issues these covers to Westpac Banking Corporation under separate Master Policies and is liable for the risks insured. Terms, conditions, exclusions and limits apply. No Westpac Group company has any liability in connection with the insurance policies. Read the policy in Details.

Overseas travel insurance
For overseas trips up to 6 months, cover includes:

• Specified medical expenses incurred overseas
• Up to $20,000 per person cover for loss or damage to personal property
• Up to $550 per person for loss or damage to travel documents
• Limit of $2.5 million of personal liability cover
• Up to $5,500 rental vehicle excess cover as specified in the policy for loss or damage to rental vehicle.
  You, your spouse and your dependent children could be automatically covered for Complimentary Overseas Travel Insurance cover on your journey, if before you leave you prepay travel costs using your 55 Day Platinum Visa credit card in accordance with the policy.

Transit accident insurance
Up to $500,000 transit accident insurance cover in the event of death or defined injury while travelling outside Australia on plane, bus, train or ferry when you have purchased the tickets for the journey using your 55 Day Platinum Visa credit card before you leave.

Purchase security insurance
4 months cover against loss, theft or accidental damage for most new items purchased in Australia and overseas provided the purchase is charged to your 55 Day Platinum credit card.

Extended warranty insurance
Up to 24 months extended warranty insurance cover (in addition to the manufacturer’s expressed Australian warranty) on most new personal items purchased using your 55 Day Platinum credit card.

Add one additional cardholder (16 years or older) at no extra cost

Contactless technology
For a fast and convenient payment option for purchases under $100 - simply hold your Visa Card against the Visa payWave or PayPass™ terminal wherever you see the contactless symbol - no need to enter a PIN or sign.

Card security
As well as an embedded microchip, take advantage of additional security measures helping defend against fraudulent activity:

• Cardshield™ helps defend against fraudulent activity
• Increased credit card security where your card comes with an embedded microchip
• Extra security when you shop at participating online retailers by registering with Verified by Visa, through the Westpac Added Online Security service
• Falcon® Fraud Protection, 24/7.

**Credit card repayment protection **
Optional credit card repayment protection insurance helps cover your card repayment obligations if you lose your job, or are unfit for work due to sickness, injury, or disease.

update: extended again to 5th january

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Westpac

• 

  lemming on 07/04/2014 - 10:04

  hey this basically looks like an AMEX card?
  anyone got the pro's and possible con's to this?

  • 

    mathew42 on 07/04/2014 - 10:19

    It comes with a Visa and an Amex card (two cards).

    What this doesn't appear to have is a rewards program. If you put sufficient money through the card, then rewards can make sense. In most cases if you ring up and threaten to cancel a credit card with fees, the annual fee will be waved.

    • 

      douglasac10 on 07/04/2014 - 15:12

      it only comes with the Visa. No amex.

• 

  EggMan28 on 07/04/2014 - 10:07

  +2

  I just cancelled my Westpac credit card to go with the Citibank Signature with the free free offer - https://www.ozbargain.com.au/node/123330 Happy with it so far.

• 

  PlasticSpaceman on 07/04/2014 - 10:13

  Yeah - looks a lot like the Citibank deal (http://www.citibank.com.au/familyandfriends/ - still available), only without a few things like the points/reward system or bottle of wine at some restaurants. Not a bad deal at all, but the Citibank is probably better.

  • 

    bob19 on 07/04/2014 - 13:10

    Does Citibank card includes •2 years extended warranty which Westpac card includes??? Couldn't find it in the card features.

    • 

      tonester on 09/04/2014 - 17:44

      citibank is 1yr

      2 years extended warranty (vs 1yr)

• 

  lemming on 07/04/2014 - 10:25

  thanks for the info i'll check out the citibank link and see what the dif is

• 

  atlas on 07/04/2014 - 12:54

  Lack of points is what kills the deal. Good perhaps for those with lower incomes that don't want the higher credit limits.

• 

  Candour on 07/04/2014 - 13:01

  platinum neds you to spend $20000 so that next year is free?
  do oz bargainers spend $20000 p.a.?

  • 

    slowmo on 07/04/2014 - 13:05

    where do you get that figure from?

  • 

    Candour on 07/04/2014 - 13:23

    http://www.westpac.com.au/personal-banking/credit-cards/low-…

    …
    Outside of this promotional period, annual fee waived in the first year (currently saving $90 a year) will apply as well as $0 annual fee in subsequent years - when you spend $20,000 or more on purchases in the previous year using your card.
    …

    • 

      MilkDrinker on 07/04/2014 - 13:41

      I think that is for people who AREN'T in the promotional period, ie the big spenders who actually get platinum credit cards and spend lots of money

  • 

    mahdi on 07/04/2014 - 13:46

    It clearly says:

    $0 annual fee for the life of the card when you apply between 1 April 2014 - 22 June 2014.

• 

  [Deactivated] on 07/04/2014 - 13:46

  The travel insurance excesses are excessive, as is their arbitrary calculation regarding the value of certain items. p15,16 of the insurance policy.

• 

  ninjalot on 07/04/2014 - 19:46

  Anyone already with one of these tried taking up this offer?

  I was going to cancel my card, but it looks like I can switch to a platinum card and keep it for free.

  • 

    tonester on 09/04/2014 - 17:45

    +1

    Switches, upgrades, customers accessing employee benefits or packaged cards (unless the package conditions state otherwise) are ineligible for this offer.

• 

  melb-ourne on 30/04/2014 - 09:23

  Annual Fee $0? It is only for the first year

  Dear xxx,
  Good news - your new 55 Day Platinum Visa Card will arrive shortly in the post.
  You will soon enjoy the benefits of up to 55 days interest free, saving $0.00 in your first year with your annual fee being waived, whilst enjoying the great convenience of your credit card being accepted at over 32 million locations worldwide.
  In this email we've included a Financial Table that shows you the important details of your account. You also need to access the following

  In PDS
  No annual fee when you spend $20,000 p.a.
  Your annual fee is not only waived for the first year, but also every
  year when you have made credit purchases of $20,000 or more on
  your 55 Day Platinum Visa Card in the previous year. So putting
  your groceries on your 55 Day Platinum Visa Card each week could
  help save your annual fee each year.