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Our verdict

The Bankwest Zero Platinum has no annual fee for life and offers 0% p.a. on balance transfers for 28 months, but with a 3% balance transfer fee.

Finder Awards winner

The Bankwest Zero Platinum Mastercard is one of the few cards that offers a $0 annual fee, no foreign transaction fees and complimentary overseas travel insurance. This gives you a way to save on some key credit card and travel costs.

This card's 14.99% p.a. purchase interest rate is also relatively low for a no annual fee, platinum card. Its other features are relatively simple and include mobile payments with Apple Pay, Samsung Pay and Google Pay. But unlike many other cards, it does offer digital card which you can use through the app before your physical card arrives.

Pros

0% p.a. on balance transfers for 28 months
Complimentary overseas travel insurance
0% foreign transaction fees online and overseas
3 additional cardholders at no extra cost

Cons

Even with a $0 annual fee and 14.99% p.a. purchase rate, you must still be approved for a $6,000 minimum credit limit.
Charges a one-time 3% balance transfer fee

Winner of the 2024 Finder Award for Best Travel Credit Card, the Bankwest Zero Platinum gives you a few ways to save on card costs – including 0% foreign transaction fees and no annual fee ever. Right now, it also offers 0% p.a. on balance transfers for 28 months with a 3% balance transfer fee.

At the end of the introductory period, any remaining balance transfer amount will attract the card's ongoing 14.99% p.a. balance transfer rate. The Bankwest Zero Platinum also offers complimentary overseas travel insurance and purchase insurance covers, which makes it competitive with some of the platinum credit cards that do have annual fees.

Details

Product details

Product Name	Bankwest Zero Platinum Mastercard
Balance transfer rate p.a.	0% for 28 months with 3% balance transfer fee, then 14.99%
Balance transfer limit	95% of available limit
Purchase rate p.a.	14.99%
Interest-free period	Up to 55 days on purchases
Cash advance rate p.a.	21.99%
Min credit limit	$6,000
Card type	Mastercard

Eligibility

Available to temporary residents	No
Joint application	No

Rewards

Bonus points

N/A

Fees

Annual fee	$0
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	3% or $4, whichever is greater
Overseas cash advance fee	3% or $4, whichever is greater
Overseas ATM withdrawal fee	$0
Additional cardholder fee	$0
Number of additional cardholders	3

❮ ❯

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Best Travel Credit Card

The Bankwest Zero Platinum Mastercard has been recognised as the Best Travel Credit Card for every year Finder has included this category in the awards program. It offers the valuable combination of no foreign transaction fees, comprehensive overseas travel insurance and no annual fee. Its 14.99% interest rate for purchases also scored highly and offers another potential way for people to save overseas or in Australia.

Full list of 2024 winners

Best Balance Transfer Credit Card finalist

This Bankwest credit card scored highly for the length of its 0% balance transfer offer and for its revert rate, currently 14.99%. Its ongoing $0 annual fee also gives people a way to save on account costs. But there was also a balance transfer fee during the period of analysis, which influenced the scoring.

Full list of 2024 winners

How to apply

You can apply for the Bankwest Zero Platinum Mastercard and complete the online application in around 15 minutes. You should receive a response from Bankwest immediately. Before you apply, make sure you've met the eligibility requirements and have the necessary documents to include:

Eligibility criteria

Residency. You must be a permanent resident of Australia.
New customers. If you want to take advantage of the balance transfer offer on this card, you need to be a new Bankwest Zero Platinum Mastercard customer.

Eligible balance transfer debt. If you plan to take advantage of the balance transfer offer, you can transfer from $500 up to 95% of your credit limit from cards not issued by Bankwest.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, date of birth, residential address, email address and contact number.
Identification. You're required to submit details of at least two forms of the following identification: driver's licence, Medicare card, or passport.
Employment details. This includes details of your position, length of employment and your employer's contact details.
Financial information. This covers any other forms of your income, expenses, debts and assets.

Card benefits

$0 annual fee. Unlike many platinum cards, the Bankwest Zero Platinum Mastercard doesn't charge an annual fee.
Balance transfer offer. This card offers 0% p.a. on balance transfers for the first 28 months, which starts on the date your card is opened. A 3% balance transfer fee also applies. At the end of the introductory period, the balance transfer rate reverts to 14.99% p.a. While Bankwest does not have a set date when this offer will end, it is only available for a limited time.

No foreign transaction fees. While most cards charge a fee of 1-4% for international transactions, the Bankwest Zero Platinum charges 0%. This could help you save significantly if you regularly travel overseas or frequently shop online with international merchants.
Complimentary overseas travel insurance. The Bankwest Zero 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.
Purchase insurance covers. This card offers you protection against faulty and damaged personal goods bought anywhere in the world with the card, with a maximum cap of $125,000 on claims. You also get extended warranty on purchases for up to 12 months. The purchase price guarantee scheme protects you against price drops on eligible items purchased with the card. It allows you to claim the price difference if you find it available at a lower price within three weeks of purchase; as long as the price difference is greater than $75.
Mobile wallets and contactless payments. This card can be linked to Google Pay, Samsung Pay and Apple Pay, available on compatible Android, Samsung and Apple devices.
Digital cards. Once you've been approved, you can access and activate your new credit card through the Bankwest app. This means you can use your card to shop online or make mobile contactless payments before you receive your physical card.

Rates & fees

Interest rate. This card has a standard purchase rate of 14.99% p.a.
Interest-free days. You can take advantage of up to 55 interest-free days on purchases when you pay your balance in full (excluding any balance transfers) by the due date. This can help give you time to reap the benefits of the card before incurring interest.

Cash advance rate. Cash advances, such as ATM withdrawals and gambling transactions, will immediately attract a 21.99% p.a. interest rate.
Cash advance fee. As well as the cash advance interest rate, a fee of 3% of transaction amount or $4 (whichever is greater) is charged when you make a cash advance transaction.

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Amy Finder

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Debra

January 29, 2024

Does this card charge fees for currency conversion please as it says 0%

Amy Bradney-George Finder

January 31, 2024

Hi Debra,

There is no foreign transaction fee on this card. So transactions made in a foreign currency will just be converted to Australian dollars at a wholesale exchange rate (which is selected by Mastercard on the processing date), without the 2-4% foreign transaction fees charged by some other cards. I hope this helps.

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Greg

January 09, 2024

What is your international exchange rate as of 10/01/24?

Sarah Megginson Finder

January 10, 2024

Hi Greg,

We’re a comparison site, so we can’t provide this information. You can contact Bankwest on 13 7000 for customer service.

Michelle Stewart

January 05, 2024

I’m looking to transfer the balance of my existing credit card over from ANZ to a card that is linked to qantas frequent flyer points

Thank you

Sarah Megginson Finder

January 05, 2024

Hi Michelle,

Finder is a comparison site. You can review a range of different cards that offer Qantas points (including many with bonus offers) here: https://www.finder.com.au/credit-cards/qantas-frequent-flyer-credit-cards

If you are interested in this credit card, you can contact Bankwest on 13 17 19.

I hope that helps.

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Michelle Stewart

January 05, 2024

Does this card get qantas frequent flyer points?

I’m looking to transfer the balance of my existing credit card over from ANZ to a card that is linked to qantas frequent flyer points

Thank you

Sarah Megginson Finder

January 05, 2024

No, this card does not earn Qantas points or any reward points.

Andres

January 02, 2024

i want to use this credit card, for balance transfer or cash advance, to pay for my loan and benefit on the 0% interest for 28 month, is this possible for a pesonal loan i have

Richard Whitten Finder

January 09, 2024

Hi Andres,

Some card providers let you balance transfer personal loan debts. I suggest contacting Bankwest and asking them directly.

Bankwest Zero Platinum Mastercard

Pros

Cons

Best Travel Credit Card

Best Balance Transfer Credit Card finalist

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

Sources

Your reviews

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