Auswide Bank Platinum Mastercard Review

Not yet rated

Earn 20,000 bonus reward points for every dollar you spend, and pay 0% p.a. on balance transfers for 14 months.

The Auswide Bank Platinum Mastercard is a credit card that rewards spending. It gives cardholders access to a platinum concierge service, it provides a number of complimentary insurance covers, and if you use this card in the right way you can get up to 55 interest free days on purchases.

This card comes with two limited period offers - one on its interest rate and another on its annual fees.

Product NameAuswide Bank Platinum Rewards Mastercard
Rewards ProgramCard Services Rewards Program
Balance transfer rate (p.a.)0% p.a. for 14 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.74% p.a.)
Maximum Balance Transfer Amount80% of approved credit limit
Purchase rate (p.a.)20.24% p.a.
Offer end date30 September 2018
Annual fee$99 p.a. annual fee for the first year ($129 p.a. thereafter)
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.74% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$100,000
Card TypeMastercard
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.4% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$35,000
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$99 p.a. annual fee for the first year ($129 p.a. thereafter)
Late Payment Fee$10
Cash Advance Fee$3.50 (or 3.50% of amount when >= $100) for each cash advance
Overseas Cash Advance Fee$5.00 for each cash advance
Foreign Currency Conversion Fee
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You'll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3.4%
of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0
Number of Additional Cardholders4
Rewards ProgramCard Services Rewards Program
Bonus Points20,000 bonus points
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) CapUncapped

Benefits of the Auswide Bank Platinum Mastercard

  • Interest rate offer. This card allows you to transfer balances from existing cards, and it comes with a promotional rate of 0% p.a. on balance transfers. Use this offer to transfer balances from cards that charge higher rates and save in the form of interest. The purchase rate also stands at 0% p.a. for the first 14 months, meaning you can save when you use the card day-to-day.
  • Rewards program. Enrolment to the Card Services Program is free for platinum cardholders. You earn 1 reward point for every dollar you spend on eligible purchases. You can redeem your points in the form of cashback, to get store or travel vouchers, book flight tickets, or even transfer them to an eligible frequent flyer program account.
  • Complimentary insurances. Complimentary insurance covers that you receive include purchase cover, extended warranty insurance and a guaranteed pricing scheme. For travellers, interstate flight inconvenience insurance, international travel insurance and transit accident insurance will keep you covered on your next trip.
  • Platinum concierge service. This 24/7 global service can help you reserve tables at restaurants, and it can help you book tickets to movies, live shows, and sporting events. You can turn to it to make travel plans, and book flight tickets and hotel rooms and you can also turn to it for an array of business needs.

Features of the Auswide Bank Platinum Mastercard

  • Annual fee. If you apply before 30 September 2018, you'll pay a discounted annual fee of $99 for the first year. Normally, this fee is $129 p.a.
  • Bonus points. Receive 20,000 bonus reward points when you spend $3,000 in the first 3 months. Offer ends on 30 September 2018.
  • Balance transfer offer. Pay 0% p.a. on transferred balances for the first 14 months. At the end of this period, any outstanding balance starts attracting the card’s cash advance rate.
  • Interest-free days. By paying your card’s closing balance completely at the end of each billing cycle, you can get as many as 55 interest-free days on purchases.
  • Rewards. You get multiple options when it comes to redeeming your reward points. Your points don’t expire as long as your account remains in good standing.
  • Insurance covers. Purchases made using this card receive protection through complimentary insurance covers. When you use your card to book travel tickets, you become eligible to receive a bunch of complimentary travel insurances.
  • Platinum concierge service. This round-the-clock concierge service can help you with business, travel, and entertainment-related matters in a number of countries.
  • Additional cards. This card allows you to get up to 4 additional cards, and additional cards linked to platinum cards earn reward points.
  • Mastercard PayPass. This feature allows you to make contactless payments of under $100 at merchants that support this technology.
  • Fraudshield. If there is any suspicious activity on your account, this service notifies you immediately.

How to apply for the Auswide Bank Platinum Mastercard

You can visit any Auswide Bank branch to apply, you can get started over the phone, or you can submit your application online. To complete an online application, simply click on the ‘Go to Site’ button.

Eligibility criteria

  • You are at least 18 years old.
  • You are a permanent resident of Australia.
  • You earn at least $35,000 p.a.
  • You have good credit history.

Required documents

  • Personal details like when you were born, your marital status, how many dependents you have, and your driver’s license number
  • Employment details like your employer’s name and contact details, as well as time spent at current employer
  • Details surrounding your existing financial condition, which include your income, expenses, assets, and liabilities

The 0% p.a. interest rate offer on purchases and balance transfers does make this card a good offer to consider, but remember that other cards come with similar features, so compare a few before applying.

Back to top
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.

Credit Cards Comparison

Rates last updated July 19th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Citi Clear Platinum - Exclusive Offer
14.99% p.a.
0% p.a. for 24 months with 1.5% balance transfer fee
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
finder Exclusive: Receive 0% p.a. for 24 months on balance transfers and a discounted annual fee in the first year. Plus, access to Citi World Privileges.
American Express Westpac Altitude Platinum Bundle - Exclusive Offer
20.24% p.a.
$0 p.a. annual fee for the first year ($199 p.a. thereafter)
$0 first year annual fee & up to 90,000 bonus Altitude Pts when you meet T&C with this Visa (issued by Westpac) & Amex (issued & serviced by Amex).
NAB Low Fee Platinum Card - Exclusive Amazon Offer
19.74% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$90 p.a.
finder Exclusive: 10% cashback with amazon.com.au for 12 months (capped at $25 per month). Plus, 0% p.a. on balance transfers for 24 months.
Qantas Premier Everyday
19.99% p.a.
4.9% p.a. for 24 months
$0 p.a. annual fee for the first year ($49 p.a. thereafter)
Take advantage of up to 40,000 bonus Qantas Points, a $0 first year annual fee plus complimentary overseas travel insurance.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
Go to site