When is interest charged on my credit card?

Westpac credit cards offer interest free credit for either 44 or 55 days. Interest free days give you access to interest free credit if you pay off your balance in full by the payment due date.

If you only pay off part of your outstanding balance by the payment due date, you’ll pay interest on your purchases from the day you made them. To enjoy interest free days on your purchases, you’ll need to pay off the full balance (excluding balance transfers) by the payment due date in a future statement month.

Interest free days are not available on cash advances, balance transfers or interest and fees.

If your last card statement closing balance is not paid in full by the due date:

• Interest will accrue daily on your last card statement opening balance and be charged on your next statement
• Interest will accrue daily on new purchases from their transaction date, including purchases already made in the current statement cycle.

Here's a guide to help you understand how credit card interest works.

Conditions of Use for the applicable card apply. Rates, transaction and services fees apply - available here.