Bankwest Zero Mastercard
- $0 annual fee for life
Eligibility criteria, terms and conditions, fees and charges apply
Enjoy a $0 p.a. annual fee for life and up to 55 interest-free days on purchases.
The Bankwest Zero Mastercard offers a number of features and benefits that can help keep your credit card costs low. As well as a $0 p.a. annual fee, the card also offers a competitive balance transfer rate to help repay your existing debts faster and cheaper. You can also avoid paying interest on purchases with up to 55 interest-free days. This card could be the ideal companion if you're looking for a no-frills card that'll keep your card costs to a minimum.
| Product Name | Bankwest Zero Mastercard |
|---|---|
| Balance transfer rate | 2.99% p.a. for 9 months |
| Balance transfer revert rate The interest rate that will apply to any remaining balance after the balance transfer term ends. | Standard Balance Transfer Revert Rate (17.99% p.a.) |
| Balance Transfer Limit | 95% of available credit limit |
| Purchase rate (p.a.) | 17.99% p.a. |
| Annual fee | $0 p.a. |
| Interest Free Period The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date. | Up to 55 days on purchases |
| Cash advance rate (p.a.) | 21.99% p.a. |
| Min credit limit This is the lowest credit limit you can be granted. It is possible to request a higher credit limit but not a lower one than this figure. | $1,000 |
| Card Type | Mastercard |
| Foreign Currency Conversion Fee (MC) Charged when you make a transaction that is converted by Mastercard 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. | 2.95% of transaction value |
| Complimentary Travel Insurance | No |
| Minimum Age | 18 years of age |
|---|---|
| Available To Temporary Residents | Yes |
| Joint Application | No |
| Annual fee | $0 p.a. |
|---|---|
| Minimum Monthly Repayment | 2% or $20, whichever is greater |
| Late Payment Fee | $25 |
| Foreign Currency Conversion Fee (MC) Charged when you make a transaction that is converted by Mastercard 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. | 2.95% of transaction value |
| Cash Advance Fee | 2% of transaction amount or $4 (whichever is greater) |
| Overseas Cash Advance Fee | 2% of transaction amount or $4 (whichever is greater) |
| Overseas ATM Withdrawal Fee | $0 |
| Gambling Transactions Allowed | No |
| Additional Cardholder Fee | $0 |
| Number of Additional Cardholders | 3 |
Pros
- Save with a $0 annual fee for the life of the card.
- This card features 2.99% p.a. for 9 months on balance transfers.
- Request up to 3 additional cardholders for $0 p.a.
Cons
- There is no rewards program with this card.
- Once the interest-free period on balance transfers has ended, any balance remaining will be charged at the standard revert rate of 17.99% p.a.
Benefits of using a Bankwest Zero Mastercard
There may not be an abundance of extra frills with the Bankwest Zero Mastercard, but it still has benefits that are worth looking into:
- $0 p.a. annual fee. You can enjoy using this card without having to pay an annual fee.
- Balance transfers. If you are paying high interest rates on your other credit card balances, you can benefit with the 2.99% p.a. balance transfer offer with this card. That rate is applied for 9 months, at which point any unpaid balance will be charged at the standard balance transfer rate, currently 17.99% p.a. You will have to transfer a minimum of $500 in order to be eligible for this offer.
- Simplicity. This is a simple credit card with the important features needed to make it ideal for your day to day purchases.
- Technological Extras. This card can be linked to Google Pay, available on compatible Android devices. 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 $39, is secure, waterproof and doesn't require an app or charging.
Features of the Bankwest Zero Mastercard
With any credit card you are going to want to compare its features with others to see with which one you are getting the most value:
- Purchase interest rate. If you are charged interest on your purchases, it will be at a rate of 17.99% p.a.
- Cash advance interest rate. If you use the credit card to withdraw cash, that portion of your balance will be charged at 21.99% p.a.
- Interest-free period. Pay no interest on your purchases for up to 55 days so long as the closing balance is paid in full. This includes any balance transfers or cash advances.
- Foreign transaction fees. Any transaction that requires the conversion of currency back to the Australian dollar will be charged 2.95% of that amount. This includes spending overseas as well as shopping online with international merchants.
- Minimum credit limit. Your available credit, if approved, for this card will be a minimum of $1,000.
How to apply for the Bankwest Zero Mastercard
If you want to apply for the Bankwest Zero Mastercard, you can fill out a secure application form online. Before continuing, you should first confirm that you are eligible.
Eligibility criteria
- Age. This card is available to anyone aged 18 years or older.
- Residency. You must be a permanent Australian resident if you wish to apply for this card.
- Income. You will need to show proof of a regular and permanent income.
Required documents
Some of the information you will need to provide as a part of the application includes:
- Contact information. This will include your email and residential address.
- Two forms of identification. If you are new to Bankwest, they will require that you verify your identity with at least two of the following documents; driver’s licence, Medicare card, passport, Australian birth certificate.
- Financial details. This will include your income, expenses and assets.
- Consolidation information. If you intend to take advantage of the balance transfer offer, the details of each account including the institution name, account number and amount will be needed.
A credit card that provides you with money saving features like no annual fee, interest-free days and a competitive interest rate for purchases is worth delving into deeper. When making comparisons between various cards, ensure that you are taking all of these features and benefits into consideration.
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I am so sorry about this I was redirected to this site was not knowing that this is not a Bankwest site.
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
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??
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
Are there any fees for withdrawing cash in Australia and overseas?
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.
Hi, I sent my bank statement by mail 7 days ago to verify my income, could check if you have received it.
Thanks, Phillip
Hi, Phillip.
You will need to contact the lender directly. You can find more information on this page.
I hope this helps.
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.
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.
Any information on the income requirements for the Bankwest Zero Gold and Platinum MasterCard?
Hi Louis.
If there is no minimum income requirement listed for a particular product, you will be assessed on your ability to service the minimum credit limit.
Thanks for your question.
Just wondering this offer is not showing on Bankwest website.Is this still a legit offer from the bank .Hope there is no compromise on my information.
thanks .
Ash
Hi Ash.
This is an exclusive offer to finder.com.au. If you would like to confirm the offer, please click through to the application page to check the terms. The fist page of the application will list the balance transfer promotional rate as well as any other promotions. I hope this has helped.
Thanks for your question.
Jacob.
Could u please tell me if there is any fee on balance transfer, during balance transfer period like 9 months does 55 day interest fee period still apply?can application for a bank west card be approved within 2 weeks or so as when I get the credit card bill 2 weeks before due date (if balance transfer cannot be settled before due date, I will have to pay interest on amount owing to my bank.
During the 9 months of balance transfer, how many % do I have to repay? What is the annual income to qualify for the $0 annual fee,0% balance transfer for 9 months Bank west zero mastercard? Any establishment fee involved?
Please email me those answer. Thanks
Hi Dave,
Thanks for your comment.
I’ve emailed you regarding your query.
Cheers,
Shirley
Hi,
I’m an existing Bankwest customer.
What is the balance transfer rate for existing customer?
Thanks,
Henry
Hi Henry. Thanks for your question. Please contact Bankwest directly for this information. Jacob.
Hi Jacob, please disregard this query about not seeing your reply dated 3 June as I had internet issues and did see your original reply. Apologies for my oversight. Thanks for your assistance and reply. Tina