Westpac Cashback on Low Rate Card

[GSP]

Westpac have a $250 cashback on a Low Rate card offer. (Link below). Has a fee of $59 so effectively $191 when spend $800. I've done a few of these (CBA many times, Bendigo bank), and if you're quick (and the bank is on the rebate), you can get in and out before the fee is charged.

It is only around $200 with a bit of mucking around (not worried about credit enquiry) but there is that satisfaction of playing the banks!

Low Rate Card

Our Low Rate card has a low ongoing purchase rate, low annual card fee & up to 55 days interest-free on purchases. Check our current offers.

www.westpac.com.au

 

[TripleB]

Thanks OP.
Also minimum credit limit only $500 so will hopefully be easy enough to get approved for. I'm going to give this a go in parallel to my current active Bankwest churn.

 

[GSP]

A CBA account I opened earlier in the year.
Trans 1: Rates Payment
Trans 2: $250 Rebate
Trans 3: Rates Payment - $250 repayment to bank

Closed. All in 10 days. Made no difference to my credit score and was listed in the accounts opened and closed.