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0% Interest for 2 Years on New Samsung Smartphones* Using Your Westpac Credit Card

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0% Interest for 2 Years on New Samsung Smartphones* Using Your Westpac Credit Card
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Lcrono36 on 27/08/2014 - 00:17 info.westpac.com.au (1273 clicks)
Last edited 27/08/2014 - 20:05

Stumbled across this deal if anybody is looking to upgrade and buy outright.

**Anyone interested in this deal should check out this offer too if you havent already have a Westpac credit card here Thanks jlogic

Details below:

To tap and pay for everyday purchases you might need to upgrade your phone. Westpac can help. Here’s how:

  • Visit any Australian retail store before 14th October 2014

  • Spend between $500 and $2,000 on up to 2 new Samsung Galaxy S5, S4 or Note 3 smartphones

  • Use your existing Westpac Credit Card (or apply for a new Westpac Credit Card beforehand here)

  • Call us on 1300 651 089 (7 days a week, between 8am and 8pm) within 15 business days of your purchase quoting the handset serial number

  • Enjoy 0% interest on that purchase for 24 months.

Offer here

Things you should know:
*Offer applies to purchases of Samsung Galaxy S5, S4 or Note 3 (N9005 model) smartphones only. Fees, charges and credit criteria apply. Terms and conditions available on request. Offer valid on purchases from 14 July to 14 October 2014. Limit of 2 smartphones with offer per credit card account.
To have the promotional rate applied, you must contact Westpac on 1300 651 089 within 15 business days of the date of the purchase and quote the handset serial number located on the phone and packaging. The rate will then take up to 10 business days to apply to the purchase amount. Any interest accrued on the phone purchase amount from the transaction date until the date the rate is applied will be refunded. The mobile phone must be purchased outright and not be included in a contract with a telecommunication carrier. The Samsung Galaxy S5, S4 or Note 3 (N9005 model) cannot be purchased from any online bidding or auction websites (including ebay.com.au)

Mobile Credit Card Interest Free

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closed Comments

    • t25 on 27/08/2014 - 00:38
      +1

      somehow doubt it. deals like this rarely happen with apple.

      • lostn on 27/08/2014 - 02:01
        +6

        Deals rarely happen with Apple full stop. Their big black friday once a year sale was a gift card that can only be used at Apple store, and not in the same transaction, meaning you have to come back to get ripped off a second time.

    • scrimshaw on 27/08/2014 - 00:53
      +1

      Apple wants to promote it's Airdrop feature for their devices and iBeacons for retailer use. It's very unlikely they will adopt NFC.

    • Shwayne on 27/08/2014 - 11:29
      +8

      They might do a low rate home loan for the iPhone 6.

    • furythree on 27/08/2014 - 22:39

      herp derp

  • TimeOrMoney on 27/08/2014 - 00:34
    +6

    If you can make the repayment upfront, 28 Degrees MasterCard's Price Protection has a significantly better payoff^. Up to $200, depending on the drop in price of the new phone.

    ^Many conditions apply.

    • snvl on 27/08/2014 - 11:31
      +1

      Even better coles cc price protection for 2 years.

      Edit: 28 degrees is up to $600.

      • TimeOrMoney on 28/08/2014 - 01:30

        Ah yes, $600 is the correct upper limit. The most I've ever claimed was $199 on my Galaxy S3. Good times.

    • squaredonut on 27/08/2014 - 12:42
      +1

      But you need to sign up for price protection which you pay monthly. It's good if you leverage it a lot.

      • Agret on 27/08/2014 - 14:49
        +2

        If you only use the 28deg for online overseas purchases and large ticket aus items that you suspect may drop you can just pay off the value and not pay any fees ever.

        Doesn't make sense to use it for everyday purchases and pay interest when you don't collect reward points on it.

      • [Deactivated] on 27/08/2014 - 16:31
        +1

        Only a % of monthly balance no? SO if you pay off CC on time then it's free.

    • miztadave on 27/08/2014 - 16:32
      +1

      "Lending criteria, terms and conditions, fees, and charges apply and are available on application"

      There's usually a monthly fee for these kind of facilities.

      • tonester on 27/08/2014 - 23:11
        +1

        "Lending criteria, terms and conditions, fees, and charges apply and are available on application"

        standard credit facility disclaimer

        There's usually a monthly fee for these kind of facilities.

        no extra fee here afaik :)

  • lostn on 27/08/2014 - 02:00
    +1

    Can you buy from Kogan? Is there a list of participating retailers?

    Does this mean you don't have to pay it off for 2 years? The amount will appear on your statement though won't it? Do you just ignore it?

    Let's say the phone costs $800. It appears as Galaxy S5 - $800 on your next statement, for a total amount due of $2000. Do you just pay $1200, and always every month after that (for 2 years) pay $800 less than the amount payable?

    • crazym0nkey on 27/08/2014 - 09:15

      I think all the interest free terms work the same,

      Bare minimum;
      you pay the minimum monthly which could be like a percentage.
      Then, pay any remaining at(or before) the end of term.

      Or what I did (for easy book keeping);
      Divide the total by the available term. And pay monthly (which is when the statement arrives)
      But its the same amount every month, so you know where your money is going.

      This is assuming you are using the card only for that purchase, other purchases increase your minimum repayment, plus interest if you dont pay off the extra purchase (ir: fuel, groceries) that month (or 50 days or whatever it is on that card).

    • rekuhs on 27/08/2014 - 11:17

      It does say 'any Australian retail store' so not sure if that includes online - it does also specify that online auction sites (like ebay.com.au) are excluded.

      So, don't know whether Kogan is ok or not…

    • Moby58 on 27/08/2014 - 11:52
      +2

      Doubt it. Westpac want you to use paypass by your phone. I have an S5 and you need specific hardware and firmware. It will only work on the Australian version of the phone. Kogan's is an import

      • rekuhs on 27/08/2014 - 12:41

        So does that mean you can't use paypass with a custom ROM? if that's the case then I'm not interested…

  • Jared17 on 27/08/2014 - 02:20

    This is tempting as I have a Westpac card. I was originally going to get the free HTC one m7 for contract with Voda. Now just have to find good offer for the s5 or s4

    • lostn on 27/08/2014 - 03:09
      +8

      Free is better than needing to pay it back in 2 years time.

      • Jared17 on 27/08/2014 - 06:28

        Good point

  • hj0809 on 27/08/2014 - 05:29

    Nfc payments?

    • Japius on 27/08/2014 - 06:38

      Yeah this is why Westpac are doingthe deal, their NFC payments are only with those samsung phones. I guess they want to try and get more people using them. Personally I would rather they spent their time and effort undoing the exclusivity deal with samsung and roll out NFC payments to any phone like CUA.

  • abpdroid on 27/08/2014 - 08:29

    Will note 4 be out by Oct 14th?

    • ben1680 on 27/08/2014 - 09:33

      It will be announced on 3 September. Not sure when it will be landed in Australia though…

  • megadeth on 27/08/2014 - 10:24

    Does ignite cards (issued by Westpac) qualify?

    • tight-ass on 27/08/2014 - 11:17
      +1

      I've just phoned Westpac as I have one of the Ignite cards. The guy I spoke with (Sam) said yes, Ignite cards are eligible as well.

      I also queried whether or not the purchase could be made through an Australian on-line store as they advise "Visit any Australian retail store before 14th October 2014" He said that is also fine (physical store or on-line) providing it's not an auction site (Ebay) and providing the web address has .com.au at the end

      I intend on buying a couple of the Galaxy S5's that are compaitble with the new 700Mhz Telstra 4G frequency from here - http://www.dwidigitalcameras.com.au/astore/Samsung-Galaxy-S5…

  • jlogic on 27/08/2014 - 11:06

    OP might want to put this in the post as well…

    https://www.ozbargain.com.au/node/158126

    No annual fee credit card. 2 years you might get stung an annual fee for the credit card so get the free one for truly fee free.

  • Shwayne on 27/08/2014 - 11:30

    The only issue here is that you need to buy the phone from an Australian retailer.

  • Max999 on 27/08/2014 - 11:39
    +2

    other than maybe $20 savings in interest over 2 years, what's the benefit of buying something you can't afford?

    its not like the cash flow ($2000 max) u gain from this will be a life saver… if it is, then you shouldn't spend this money on a phone.

    • damoo on 27/08/2014 - 12:35
      +1

      if you were to buy an $800 phone on your credit card you'd be paying out a lot more than $20 in interest.
      couple of hundred bucks at very least over 2 years.

  • PoorStudent on 27/08/2014 - 11:52

    Use your existing Westpac Credit Card (or apply for a new Westpac Credit Card beforehand here)

    When I click "here", nothing loads…

  • squaredonut on 27/08/2014 - 12:52
    -2

    Someone want to explain why this is enticing?

    This only enables you to repay the phone monthly, without interest.

    But what's so different to signing up to a contract for 24 months?

    Looking at a normal retailer, a Galaxy S5 cost $896.

    A vodafone plan with calls and 3gb of data cost $75 a month.

    If you buy the phone outright it cost about $37.3 a month.

    So you would be paying $38 more a month on calls and data which you would be doing normally anyways, unless you're the ultra frugal types, then you wouldn't be owning a a phone at this range in the first place. Aldi packs cost $30 a month already for something decent. TPG is shit now which would also cost you at least $30 for anything decent. Unless you buy $10 packs which has no data, then… you should be getting a phone that's not reliant on data then.

    Don't see how enticing this can be.

    If this is their way to promote their bank facilities fine, but if it's to lure sign ups, that isn't that great.

    • damoo on 27/08/2014 - 13:24
      +1

      That's a whole lot of assumptions about people and plans you are making there.
      Even though they bumped up the price and lowered the data, I'm still happy enough on my $17/ month on TPG.
      which is a long way off your assumption of $30 per month for anything decent.

      you seem offended by this deal for some reason?

      either you're offended by the deal, or the prepostorious notion that people buy phones outright?

      "But what's so different to signing up to a contract for 24 months?"
      carrier flexibility for one.

  • coolsteps on 27/08/2014 - 13:02

    does anyone know if a business credit card qualifies?

  • eneloop on 27/08/2014 - 14:23
    -2

    Can I buy a Korean 32gb off eBay

    • damoo on 27/08/2014 - 14:44
      +4

      I don't think you're allowed to buy ANYBODY off ebay- regardless of their origin or memory.

  • Charity on 27/08/2014 - 14:57

    Excludes ebay because buying the phone from ebay will save more money than this deal.

    • Utopian on 01/09/2014 - 08:11

      …because they're almost entirely grey imports.

  • Slippy on 27/08/2014 - 15:06

    is there any chance it may work with st george because they own westpac ?

    • snappy1234 on 27/08/2014 - 17:56
      +2

      @Slippy

      I think Westpac own St G. not the other way.

    • Utopian on 30/08/2014 - 08:19

      Other way around.

      St.George, Bank Of Melbourne & BankSA are all part of Westpac.

  • bs-a on 27/08/2014 - 18:20

    Do I still have to pay it off every month? Or can I just pay the whole amount on the 23rd month?

    I have 3 Westpac credit card does that mean I can buy 6 phones?

    • crono36 on 27/08/2014 - 20:16

      Yes you will still need to pay off the phone each month which is either 2% of the closing balance or $10.

      Doesnt say anything about a limit per customer only per credit card accounts so I guess you can? But what are you going to do with 6 phones in the first place?

      • bs-a on 27/08/2014 - 21:00

        I will pay off all the rest of the monthly spending on the CC except the balance of the phone ;-)

        How do they know which part I am paying off? Let's just say bought 2 phones costing $1000, my regular other monthly spending another $1500 and I only pay $1500 on statement every month - which means the balance of $1000 for the phones gets carried forward for 23 months. Will I still incur interest for the $1000 (phones)??

        As to the question of 6 phones, just curious, thats all.

        • crono36 on 27/08/2014 - 22:18

          Not too sure about that. Best thing to do is to ring Westpac and find out the exact terms and conditions

        • forumninja on 28/08/2014 - 07:58
          +2

          Typically any payment made is against the credit with the highest interest rate.

          Unfortunately, by not paying off all of the balance, you typically will lose some interest free days.
          For example:
          1st month: You bought 2 phones costing $1000. Your regular spending is $1500. You pay $1500 - your balance is $1000, at 0%.
          2nd month: You spend $1500. The $1500 starts accruing interest after the statement is issued because you don't fall under interest free days anymore. Therefore, you must pay your normal spend BEFORE the statement is issued. Otherwise, you will be paying $1500*0.2/365 = 82 cents a day.

          Essentially, you really don't want to be using the card for anything else unless you are vigilant in maintaining a balance of the cost of the phones on your account, especially around the time of when your statement is being issued.

          See PDS:
          When do the “further interest free days” conditions apply?
          A purchase and Purchase Fee will have “further interest free days” only if:
          • You have paid the closing balance in full by the due date shown on the statement preceding the purchase and the debiting of the Purchase Fee (i.e. the “initial interest free days” condition has been met); and
          • You pay the closing balance in full for the due date shown on the statement recording that purchase and the debiting of the Purchase Fee

        • lostn on 28/08/2014 - 13:59

          @forumninja: That's what I suspected. This is going to complicate things.

  • ozgriff on 27/08/2014 - 19:06

    Last time I tried to use a Westpac deal, the cut my interest free period short by about 66%.

    Took this to my bank rep. and never heard anything back about the overcharged interest. Decided to just let it go and close the card.

  • b-radicool on 27/08/2014 - 19:30

    What a ducking weird promotion.

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