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Bankwest More Platinum Mastercard

Amy Bradney-George
Amy Bradney-George
Last updated:  

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.

0% p.a.

Balance transfer rate

for 6 months with 1% balance transfer fee

75,000

Bonus points

19.99% p.a.

Purchase rate

2

Reward points

Per $ spent (Visa/Mastercard)

Details

Product NameBankwest More Platinum Mastercard
Rewards ProgramBankwest More Rewards Program
Balance Transfer Rate0% p.a. for 6 months with 1% balance transfer fee
Balance Transfer Revert RateBalance Transfer Revert Rate (19.99%)
Balance Transfer Limit95% of available balance
Purchase Rate19.99% p.a.
Annual Fee$160
Interest Free Period44 days
Cash Advance Rate21.99% p.a.
Minimum Credit Limit$6,000
Card TypeMastercard
Foreign Currency Conversion Fee (Visa/Mastercard)0%
Complimentary Travel InsuranceYes
Minimum Age18 years of age
Available to Temporary ResidentsYes
Joint ApplicationNo

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 ProgramBankwest More Rewards Program
Bonus Points75,000 bonus points
Rewards Points per $ spent (Visa/Mastercard)2
Rewards Points per $ Cap (Visa/Mastercard)400,000
Annual Fee$160
Minimum Monthly Repayment2% of the closing balance or $20, whichever is greater
Late Payment Fee$25
Foreign Currency Conversion Fee (Visa/Mastercard)0%
Cash Advance Fee2% or $4, whichever is greater
Overseas Cash Advance Fee2% or $4, whichever is greater
Overseas ATM Withdrawal Fee$0
Additional Cardholder Fee$0
Number of Additional Cardholders3

Expert review

Amy Bradney-George

Review by

Amy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

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 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.

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.

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 currency conversion 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.

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).

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67 Comments

  1. Default Gravatar
    Neil
    November 7, 2017

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

    Reply
    • Default Gravatar
      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

      Reply
  2. Default Gravatar
    Shaun
    September 10, 2017

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

    Reply
    • AvatarStaff
      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

      Reply
  3. Default Gravatar
    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?

    Reply
    • AvatarStaff
      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 check out this link for more information about Bankwest Credit Card Complimentary Insurance. Alternatively, you can also contact Allianz on 1800 785 918 for insurance coverage specifics.

      Cheers,
      Jason

      Reply
  4. Default Gravatar
    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.

    Reply
    • AvatarStaff
      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

      Reply
  5. Default Gravatar
    frank
    January 5, 2016

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

    Reply
    • AvatarStaff
      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

      Reply
  6. Default Gravatar
    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.

    Reply
    • AvatarStaff
      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

      Reply
  7. Default Gravatar
    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?

    Reply
    • AvatarStaff
      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

      Reply
  8. Default Gravatar
    mdfer3
    September 15, 2015

    Can rewards points be obtained on international transactions?

    Reply
    • AvatarStaff
      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

      Reply
    • Default Gravatar
      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.

      Reply
    • AvatarStaff
      Jonathan
      September 17, 2015

      Hi mdfer3, thanks for your response.

      Foreign exchange purchases are the act of buying foreign currencies.

      Cheers,

      Jonathan

      Reply
  9. Default Gravatar
    Caroline
    April 7, 2015

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

    Reply
    • AvatarStaff
      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

      Reply
  10. Default Gravatar
    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?

    Reply
    • AvatarStaff
      Jonathan
      March 30, 2015

      Hi James, thanks for your inquiry!

      Unfortunately this card does not come with Qantas Frequent Flyers points earnings. Please see the following link for a list of Qantas Frequent Flyers credit cards.

      Cheers,

      Jonathan

      Reply
    • Default Gravatar
      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?

      Reply
    • AvatarStaff
      Jonathan
      April 28, 2015

      Hi Martin, thanks for your inquiry!

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

      Cheers,

      Jonathan

      Reply
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