Bankwest More Platinum Mastercard

Last updated: Feb 10, 2021

Earn points per $1 spent and collect 75,000 bonus points each year when you spend at least $48,000 on eligible purchases.

The Bankwest More Platinum Mastercard earns 2 rewards points per $1 spent on eligible purchases that can be redeemed for gift cards, experiences, travel, merchandise and more.

It also comes with a generous annual bonus points offer, complimentary overseas travel and purchase insurances, 0% foreign transaction fees and an introductory balance transfer offer.

0% p.a.

Balance transfer rate

for 6 months with 1% balance transfer fee

75,000

Bonus points

19.99% p.a.

Purchase rate

Reward points

Per $ spent

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Details

Product Name	Bankwest More Platinum Mastercard
Rewards program	Bankwest More Rewards Program
Balance transfer rate	0% p.a. for 6 months with 1% balance transfer fee
Balance transfer revert rate	Balance Transfer Revert Rate (19.99%)
Balance transfer limit	95% of available limit
Purchase rate	19.99% p.a.
Annual fee	$160
Interest-free period	Up to 44 days on purchases
Cash advance rate	21.99% p.a.
Min credit limit	$6,000
Card type	Mastercard
Foreign currency conversion fee	0%

Available to temporary residents	Yes
Joint application	No

Pros

75,000 annual bonus points when you spend at least $48,000 per year
0% foreign transaction fees on online and overseas purchases.
Up to 3 additional cardholders at no extra cost

Cons

Relatively high annual fee of $160
More Rewards Points cannot be converted to frequent flyer

Rewards program	Bankwest More Rewards Program
Bonus points	75,000
Rewards points per $ spent	2
Rewards points cap	400,000

Annual fee	$160
Minimum monthly repayment	2% of the closing balance or $20, whichever is greater
Late payment fee	$25
Foreign currency conversion fee	0%
Cash advance fee	2% or $4, whichever is greater
Overseas cash advance fee	2% or $4, whichever is greater
Overseas ATM withdrawal fee	$0
Additional cardholder fee	$0
Number of additional cardholders	3

Expert review

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Bankwest More Platinum Mastercard is a rewards credit card that favours bigger spenders as well as travellers, with key features including a large bonus points offer, 0% foreign transaction fees and complimentary overseas travel insurance. While most bonus point offers typically apply for the first few months you have a card, the Bankwest More Platinum Mastercard favours loyalty by offering 75,000 bonus points each year when you meet the $48,000 yearly spend requirement.

If you do meet this requirement, you’ll collect bonus points in addition to a competitive earn rate of 2 points per $1 spent. You can then redeem these points for gift cards, merchandise, cash back and other items available through the More Rewards program. If you want rewards for travel, keep in mind that there are no frequent flyer point transfer options – although you could still use points to get gift cards for flights, hotel stays or other related travel costs.

How to apply

If you've compared your options and decided the Bankwest More Platinum Mastercard is a good fit, you can apply for it by filling out a secure online application form. Get started by making sure you meet the following eligibility requirements and have all your documents and details handy.

Eligibility criteria

New Bankwest More Platinum Mastercard customer. The annual bonus points and balance transfer offers are only available if you don't already have a Bankwest More Mastercard account in your name. This includes Bankwest More Classic and World Mastercard accounts.
Eligible balance transfer debt. If you plan to take advantage of a balance transfer offer, you can transfer from $500 up to 95% of your available credit limit from non-Bankwest credit cards.

Residency. You must be an Australian citizen or permanent resident in order to apply online.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, date of birth, email address, residential address, contact number, marital status and number of dependents. You also need to provide valid forms of identification – including photo ID such as your driver's licence or passport.
Employment information. This covers your current job title, salary and your employer's contact information. You may also be asked to provide details on previous jobs, as well as recent payslips, bank statements or other documents that verify these details.
Financial details. This includes government payments, pensions and any other forms of income, as well as assets, savings, debts and existing cards or loans. You also need to estimate your share of regular household expenses, such as rent, mortgage payments, utility bills and groceries.
Balance transfer details. If you want to take advantage of the balance transfer offer on this card, you will need to provide details of the debt. This includes the total amount of money you want to move to your new card, as well as the account name, number and BSB.

Card benefits

Annual bonus points. Earn 75,000 bonus points each year when you spend at least $48,000 on eligible purchases over the course of the year. This is on top of the 2 points per $1 spent you'll earn for eligible purchases. Points are capped at 400,000 per year (including bonus points).
0% foreign transaction fee. If you're planning to use this card overseas or online with businesses that are based outside Australia, this card offers savings on every transaction with a 0% foreign currency conversion fee.

Complimentary overseas travel insurance. As of 9 December 2019, the Bankwest More Platinum card offers complimentary overseas travel insurance for up to 31 consecutive days through Cover-More. All you have to do to get the insurance is have the card open while you're travelling. If you meet the eligibility requirements, you'll be covered for overseas emergency medical & hospital expenses, baggage & personal goods, personal liability and accidental death with the option to upgrade for additional protection.
Complimentary insurance for shopping. This card offers complimentary purchase protection insurance, extended warranty cover and price guarantee cover for eligible items purchased with your Bankwest More Platinum Mastercard.
Reward program. This card offers 2 points for every $1 spent on your card, which you can redeem through Bankwest's More Rewards Program. To give you an idea of the potential value, a $250 Woolworths WISH eGift card would cost 87,500 points (according to details on the More Rewards website from 17 April 2019).
Balance transfer offer. When you sign up for this card, you can take advantage of an introductory offer of 0% p.a. on balance transfers for the first 6 months, with a one-time 1% balance transfer fee. At the end of the introductory period, an interest rate of 19.99% p.a. will apply to any remaining balance transfer debt.
Technological Extras. This card can be linked to Apple Pay, Samsung Pay or Google Pay, so that you can make contactless payments from a compatible mobile phone or device. You can also purchase a Bankwest Halo payment ring and use it to tap and go at any contactless payment terminal. Available in black or white, the ring costs $15, is secure, waterproof and doesn't require an app or charging.

Rates & fees

Annual fee. This card charges an annual fee of $160.
Interest rates. This card has an interest rate of 19.99% p.a. for purchases and 21.99% p.a. for cash advances. Cash advances are also charged a fee of 2% of the transaction amount or $4 (whichever is greater).

Interest-free days. Enjoy up to 44 days interest-free on purchases when you use your More Platinum Mastercard. Bankwest is a unique provider whereby you can still qualify for interest-free days on purchases if you carry a balance transfer debt.
Complete Home Loan Package. With this option, you can get the Bankwest More Platinum Mastercard, a complete variable or fixed home loan (or a split between both) and an offset transaction account packaged together for a $395 annual fee.

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67 Comments

Neil
November 7, 2017

can i change my existing Bankwest Mastercard to a Bankwest More Platinum Mastercard without proof of income?

Danielle
November 7, 2017

Hi Neil,

Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

According to Bankwest’s representative, your current Bankwest card needs to have a limit of at least $6000 for them to be able to change the card. From there, all you need to do is contact them directly so that they can arrange it for you.

I hope this helps.

Cheers,
Danielle

Shaun
September 10, 2017

Am I able to load money on these credits cards as well ?

finder Customer Care

Rench
September 10, 2017

Hi Shaun,

Thanks for your inquiry. Please note that we are not affiliated with Bankwest or any company we feature on our site and so we can only offer you general advice.

Unfortunately, you cannot load/deposit money to these credit cards. Bankwest will only provide a credit limit that you can use upon your approval.

I suggest contacting Bankwest directly by clicking on the green ‘Go to Site’ button on this page.

Cheers,
Rench

john
October 19, 2016

Can I get more details on the ‘complimentary travel insurance’ especially age limit and to what extent does it covers on health and emergency requirements expressed in terms of dollars. Does it covers international cruising?

finder Customer Care

Jason
October 19, 2016

Hi John,

Thank you for your inquiry.

There is no age limit to be covered by Bankwest credit card complimentary travel insurance, although limits apply for pre-existing medical conditions.

Please feel free to check out more details about Bankwest Credit Card Complimentary Insurance through our website. Alternatively, you can also contact Allianz on 1800 785 918 for insurance coverage specifics.

Cheers,
Jason

Jim
June 28, 2016

Can you please clarify the precise level of insurance coverage offered in respect of Rental cars. If purchase is made on the Platinum More card is the excess reduced to zero.

finder Customer Care

May
July 1, 2016

Hi Jim,

Thanks for your question.

In the Bankwest Complimentary Credit Card Insurance PDS, though it does not state that if the purchase is made on the Bankwest More Platinum credit card the excess will reduce to zero, it rather outlines the following about the rental vehicle insurance excess:

– page 37. Limit of A$3,000 for Platinum MasterCards

– page 49. Allianz Global Assistance will reimburse you for any insurance excess or deductible which you become legally liable to pay in respect of a claim under the rental vehicle insurance during the rental period provided you met the conditions stated in the PDS.

For your reference, I’ve emailed you the PDS.

I hope this has helped.

Cheers,
May

frank
January 5, 2016

What airlines can reward points be used on?
What is the exchange rate for BW points to KrisFlyer for example?

finder Customer Care

Sally
January 6, 2016

Hi Frank,

Thanks for your question.

You can’t directly transfer your Bankwest Rewards points to a specific airline. Instead, you can use your Bankwest Rewards to book flights through Webjet or redeem your points for gift vouchers with Virgin Australia, Accor and Flight Centre. Unfortunately, there aren’t any vouchers available for Singapore Airlines or KrisFlyer at the moment.

I’ve emailed you a link to the Bankwest Rewards page so you can browse your options in further detail.

I hope this has helped.

Cheers,

Sally

Eileen
November 20, 2015

What does the travel insurance cover and who is it with , how much does it cover and who do we call when something goes wrong.

finder Customer Care

Jonathan
November 22, 2015

Hi Eileen, thanks for your inquiry!

Allianz Global Assistance is the underwriter of this insurance policy with Bankwest. The emergency contact number is +61 7 3305 7499. You can find the full details of cover on this page.

Cheers,

Jonathan

Jacob
October 15, 2015

Could you share more information about the redeem of reward points, e.g. how many reward points are needed to book a international flight in Webjet? Where can I find these information?

finder Customer Care

Sally
October 16, 2015

Hi Jacob,

Thanks for your question.

The amount of points you’ll need for a flight will depend on where you’re travelling and the status of your flight.

I’ve emailed you a link to Bankwest’s online rewards calculator for your perusal.

I hope this has helped.

Thanks,

Sally

mdfer3
September 15, 2015

Can rewards points be obtained on international transactions?

finder Customer Care

Jonathan
September 16, 2015

Hi mdfer3,

Thanks for your inquiry.

Yes, you can continue to earn Reward Points from eligible purchases made overseas. The same points earn rate will apply as when you are in Australia.

For future references, you may also refer to the PDF file (page 6) that I sent to your email for the list of restrictions where earning Reward Points will not apply.

I hope this has helped.

Cheers,

Jonathan

mdfer3
September 17, 2015

Hi Jonathon,

Thank you very much for the email and supplying the pdf.

I have read through it and was hoping you could also provide clarification of what a foreign exchange purchase (pg6) is, as the pdf advises that these transaction will be except from earning points, thank you.

finder Customer Care

Jonathan
September 17, 2015

Hi mdfer3, thanks for your response.

Foreign exchange purchases are the act of buying foreign currencies.

Cheers,

Jonathan

Caroline
April 7, 2015

How do I earn the 50,000 reward points for this Bankwest More Platinum MasterCard?

finder Customer Care

Jonathan
April 8, 2015

Hi Caroline, thanks for your inquiry!

To be eligible for this bonus points offer you need to spend at least $2,500 on eligible purchases within 3 months from account opening.

Cheers,

Jonathan

james
March 30, 2015

How many qantas frequent flyer points do i earn per dollar spent? Is there a cap and a expiry date on points?

finder Customer Care

Jonathan
March 30, 2015

Hi James,

Thanks for your inquiry.

The Bankwest More Platinum Mastercard does not come with the Qantas Frequent Flyers points earnings. Please see the following link for a list of Qantas Frequent Flyers credit cards.

Cheers,
Jonathan

Martin
April 26, 2015

If I was to use the Bankwest more Platinum MasterCard to pay utility bills etc will these also accumulate points? paying over the phone not using Bpay?

finder Customer Care

Jonathan
April 28, 2015

Hi Martin, thanks for your inquiry!

Unfortunately rewards points are not eligible with bill payments/ utility payments etc.

Cheers,

Jonathan

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