Bankwest Zero Mastercard

This no-annual-fee credit card offers 0% p.a. on balance transfers for 34 months, but there's a 2% balance transfer fee.

The Bankwest Zero Mastercard offers straightforward features and includes an introductory balance transfer rate of 0% p.a. for the first 34 months. This offer also has a one-time balance transfer fee worth 2% of the balance (or balances) transferred. For example, with a $5,000 balance transfer, you'd pay a balance transfer fee of $100.

0% p.a.

Balance transfer rate

for 34 months with 2% balance transfer fee

14.99% p.a.

Purchase rate

$0 p.a.

Annual fee

55 days

Interest free period

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Details

Product NameBankwest Zero Mastercard
Balance transfer rate0% p.a. for 34 months with 2% balance transfer fee
Balance transfer revert rateBalance Transfer Revert Rate (14.99%)
Balance transfer limit95% of available limit
Purchase rate14.99% p.a.
Annual fee$0
Interest-free periodUp to 55 days on purchases
Cash advance rate21.99% p.a.
Min credit limit$1,000
Card typeMastercard
Foreign currency conversion fee2.95%
Available to temporary residentsYes - Conditions apply
Joint applicationNo

Pros

  • $0 annual fee for the life of the card
  • 0% p.a. on balance transfers for 34 months

Cons

  • Charges a 2.95% foreign transaction fee
  • Charges a one-time 2% BT fee
Bonus pointsN/A
Annual fee$0
Minimum monthly repayment2% of the closing balance or $20, whichever is greater
Late payment fee$25
Foreign currency conversion fee2.95%
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

Review by


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 Zero Mastercard is a simple credit card with a $0 annual fee that can help you save on credit card costs. If you’re paying off your current card and want to switch to this one, the 0% p.a. balance transfer rate for 34 months also helps you save on interest charges – as long as you're prepared to pay the one-off 2% balance transfer fee.

How to apply

If you've compared credit cards and decided on the Bankwest Zero Mastercard, you can apply online in around 15 minutes. Before you get started, make sure you meet the eligibility requirements and have all the relevant documents and details ready to go.

Eligibility criteria

  • New customer. Bankwest only allows customers to have 1 Zero Mastercard in their name. So if you already have a Bankwest Zero or Bankwest Zero Platinum, you may want to look at other no-annual-fee cards or call Bankwest on 13 17 19 to talk through your options.
  • Eligible balance transfer debt(s). If you're planning to transfer a balance to the Zero Mastercard, Bankwest allows you to transfer from $500 up to 95% of your credit limit from non-Bankwest cards issued in Australia.

Card benefits

  • $0 annual fee. You can enjoy using this card without having to pay an annual fee. In comparison, other credit cards in Australia have annual fees that range from $25 to $500 (or more).
  • Balance transfer offer. If you're paying a high interest rate on your existing credit card balance, you could save with a 0% p.a. balance transfer rate for the first 34 months on this card. A one-time 2% balance transfer fee applies with this offer and the 0% interest period starts from the date your account is opened, regardless of when the balance transfer is processed. At the end of the introductory period, any remaining balance transfer debt will be charged interest at the standard balance transfer rate of 14.99% p.a. While Bankwest does not list a specified date when this offer will end, it is only available for a limited time.

Rates & fees

  • Purchase interest rate. This card charges an interest rate of 14.99% p.a. on purchases.
  • Interest-free days. This card offers up to 55 days interest-free on purchases, with the interest-free period starting at the beginning of each statement period.

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85 Comments

    Default Gravatar
    Richard
    January 16, 2015

    I am so sorry about this I was redirected to this site was not knowing that this is not a Bankwest site.

      Avatarfinder Customer Care
      Jonathan
      January 19, 2015

      Hi Richard,

      Thanks for your inquiry,

      We are an online comparison service and are not directly affiliated with Bankwest. If you are after the Bankwest site a ‘Go to Site’ option is available on the right hand side of the page.

      I hope this helps!

      Cheers,

      Jonathan

    Default Gravatar
    Richard
    January 16, 2015

    Can you please let me know where is the branch that I can go to? I have made a effort to call the number to change my current credit card to a no fee credit card. after verifying all security question that I was redirected to someone else for further questions and inform me that I have to go to a branch to verify myself…

    If you can accept on line applications without seeing the customers why do you need to see me after 13 years to verify myself to you?? I can not even close my account over the phone?? be charging the annual fees?

    Further more where is a branch anyhow?? I am living in Brisbane??

      Avatarfinder Customer Care
      Elizabeth
      January 16, 2015

      Hi Richard,

      Thanks for your question.

      You’ve come through to finder.com.au, as a comparison service we can’t really comment on Bankwest’s requirements for cancelling a credit card/swapping your credit card accounts. I’ve emailed you a link where you can find your nearest branch.

      I hope this will help.

      Thanks,

      Elizabeth

    Default Gravatar
    Jim
    February 27, 2014

    Are there any fees for withdrawing cash in Australia and overseas?

      Avatarfinder Customer Care
      Jacob
      February 27, 2014

      Hi, Jim.

      Bankwest do not currently charge a overseas ATM fee for balance checks and cash withdrawals. Local ATM operator fees will still apply. You may also be charged a cash advance fee is you’re drawing from your available credit.

      Thanks for your question.

    Default Gravatar
    Phillip
    January 15, 2014

    Hi, I sent my bank statement by mail 7 days ago to verify my income, could check if you have received it.
    Thanks, Phillip

      Avatarfinder Customer Care
      Jacob
      January 15, 2014

      Hi Phillip,

      Thanks for your question.

      You will need to contact Bankwest directly to follow-up on your submitted documents. You may also find this guide useful on how to check your credit card application.

      I hope this helps.

      Cheers,
      Jacob

    Default Gravatar
    Phillip
    January 8, 2014

    Hi, my Master card application has been successful,

    Bankwest are asking me for verification two most recent pay slips! but I don`t work I am retired I have age pension goes direct to my bank account.

    Can you help me with this dispute?

    Thanks.

      Avatarfinder Customer Care
      Jacob
      January 8, 2014

      Hi, Phillip.

      Thanks for your question.

      If you are unable to provide pay slips, you can fax in the last three months worth of your bank statements. You can send via fax to this number: 1300 765 515.

      I hope this helps.

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