Westpac has a new interest-free credit card - Flex

westpac bank signage from the street as you enter to apply for a credit card

Do you sometimes feel overwhelmed by all the complicated fees and extras associated with your credit card? Well, there’s a new card that has streamlined everything.

Today, major bank Westpac has announced a new credit card: the Flex Card.

Coming to customers later this year, Flex is not like your usual credit card - it is interest-free.

Operating more like a buy now pay later platform than a traditional credit card, the new digital-only Flex Card will give you a $1,000 credit limit with no interest on purchases, no late payment fees, and no foreign currency fees.

Similar to the NAB Straight Up card, Flex Card customers will be charged a flat $10 monthly fee; however that fee will not be charged if they pay the amount owing for the previous month on time.

Westpac has simplified every part of the credit card process, including applications. Those interested in the Flex Card will be able to apply via Westpac mobile banking or online and, if their application is approved, a digital card will be issued and ready to use within minutes via their banking app or mobile wallet.

Card spend, repayments, and reminders will be managed through online banking, and customers will be able to choose the cycle their repayments fall on, whether it’s twice a month or monthly.

Although it’s streamlined, Westpac has also introduced new levels of credit card security, so you can shop wherever Mastercard is accepted worry-free. The Card Verification Code (CVC) will automatically change every 24 hours for added peace of mind.

Westpac hopes to reach a younger generation of credit card customers who are turning away from standard credit cards. According to Westpac research, around half of the younger generations of Australians (Gen Z 53%, Millennials 48%) believe traditional credit cards are no longer as relevant.

“Flex caters for the ‘on-demand’ generation who want convenience and control, without the complexity,” said Westpac chief executive consumer and business banking, Chris de Bruin.

“We’re giving customers a new way to pay which is simple, flexible and fast, as well as a completely digital experience from start to finish.”

Are you in the market for a new credit card? Head to the Mozo credit card hub for comparisons and guides, and find the card that fits your budget and lifestyle.

Looking for to save on interest? Check out some top interest-free credit cards below:

Low rate credit cards - last updated 29 November 2021

Search promoted credit cards below or do a full Mozo database search. Advertiser disclosure
  • Apply By 28 Feb 2022
    Bendigo Bank Low Rate Credit Card

    0% p.a. on purchases for up to 18 months (Reverts to 11.99% p.a). Low annual fee of $45 and no fees for additional cardholders.

    Balance transfer rate
    Purchase rate
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    0% p.a. for 18 months then 11.99% p.a.
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  • St.George No Annual Fee

    0% p.a. for 12 months on APR requested at card application. The special promotional purchase rate applies from card approval, after the promotional period, the rate will switch to the variable purchase rate. New cards only, Eligibility criteria and T&Cs apply. Offer ends February 24th 2022.

    Balance transfer rate
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    2.99% p.a. for 15 months and then 21.49% p.a.
    0% p.a. for 12 months then 20.74% p.a.
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  • BankSA No Annual Fee

    0% p.a. for 12 months on APR requested at card application. The special promotional purchase rate applies from card approval, after the promotional period, the rate will switch to the variable purchase rate. New cards only, Eligibility criteria and T&Cs apply. Offer ends February 24th 2022.

    Balance transfer rate
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    Annual fee
    2.99% p.a. for 15 months and then 21.49% p.a.
    0% p.a. for 12 months then 20.74% p.a.
    $0
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    David Jones American Express Card

    Earn 50,000 Membership Rewards Points or 25,000 Qantas Points when you apply online by 9 February 2022, are approved and spend $1,500 at locations excluding David Jones on your new Card within the first three months. Plus, enjoy 0% p.a. on purchases for 12 months. Available to new David Jones American Express Card Members only.

    Balance transfer rate
    Purchase rate
    Annual fee
    No current offer
    0% p.a. for 12 months then 20.74% p.a.
    $99
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  • NAB StraightUp Card

    Pay no interest and no late payment fees, just a $10 monthly fee for a $1,000 credit limit. Plus, if you don't make any purchases and have an outstanding balance of $0 during the whole statement period, the monthly fee will be reversed. Also pay no foreign currency fees when you shop online or overseas. Mozo Experts Choice Credit Card Innovation Winner 2020^.

    Balance transfer rate
    Purchase rate
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    0% p.a.
    $120 $10/month - waived if no spend & no balance owing
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  • Apply By 9 Feb 2022
    David Jones American Express Card

    Receive 25,000 Qantas Points or 50,000 Membership Rewards Points when you apply online by 9 February 2022, are approved and spend $1,500 at locations excluding David Jones on your new Card within the first three months. Available to new David Jones American Express Card Members only.

    Balance transfer rate
    Purchase rate
    Annual fee
    No current offer
    0% p.a. for 12 months then 20.74% p.a.
    $99
    Details
  • NAB StraightUp Card

    No interest and no late payment fees, just a $15 monthly fee for a $2,000 credit limit. If you don't make any purchases and have an outstanding balance of $0 during the whole statement period, the monthly fee will be reversed.

    Balance transfer rate
    Purchase rate
    Annual fee
    No current offer
    0% p.a.
    $180 $15/month - waived if no spend & no balance owing
    Details
  • Apply By 9 Feb 2022
    David Jones American Express Platinum Card

    Earn 70,000 Membership Reward Points or 35,000 Qantas Points when you apply online by 9 February 2022, are approved and spend $1,500 at locations excluding David Jones on your new Card within the first three months. Available to new David Jones American Express Platinum Card Members only.

    Balance transfer rate
    Purchase rate
    Annual fee
    No current offer
    0% p.a. for 12 months then 20.74% p.a.
    $295
    Details
  • Mozo Expert Choice Badge
    American Express Low Rate Credit Card

    Competitive low rate with $0 Annual Fee. Offers purchase and refund protection. Customers need an annual income of $50,000 or more.

    Balance transfer rate
    Purchase rate
    Annual fee
    No current offer
    8.99% p.a.
    $0
    Details
  • NAB StraightUp Card

    Pay no interest and no late payment fees, just a $20 monthly fee for a $3,000 credit limit. If you don't make any purchases and have an outstanding balance of $0 during the whole statement period, the monthly fee will be reversed. Pay no foreign currency fees when you buy online or overseas. Mozo Experts Choice Credit Card Innovation Winner 2020^.

    Balance transfer rate
    Purchase rate
    Annual fee
    No current offer
    0% p.a.
    $240 $20/month - waived if no spend & no balance owing
    Details

^See information about the Mozo Experts Choice Credit Card Awards

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