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Our verdict

This no-annual-fee credit card offers 0% p.a. on balance transfers for 28 months, but there's a 3% balance transfer fee.

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 28 months also helps you save on interest charges, as long as you're prepared to pay the 3% balance transfer fee. As an example, if you transferred a $5,000 balance, you would be charged a $100 balance transfer fee.

The Bankwest Zero Mastercard also has an 14.99% p.a. interest rate for purchases, which is lower than the average standard credit card interest rate of 19.94% p.a. There are also some handy tech features, including a digital version of the card and mobile payments with Google Pay, Apple Pay and Samsung Pay.

Pros

$0 annual fee for the life of the card
0% p.a. on balance transfers for 28 months

Cons

Charges a 2.95% foreign transaction fee
Charges a 3% BT fee

The Bankwest Zero Mastercard has straightforward features and includes an introductory balance transfer rate of 0% p.a. for the first 28 months. This is one of the longer balance transfer offers on the market but also has a 3% balance transfer fee. Its other features are relatively basic and suited to people who want simple access to credit without an annual fee.

Details

Product details

Product Name	Bankwest Zero 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	$1,000
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	2.95%
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

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.

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 have a credit card in Australia.

Required documents

Personal information. This includes your full name, email address, date of birth, driver's licence number, marital status, number of dependents and contact number.
2 forms of identification. If you're new to Bankwest, you'll need to verify your identity by providing details from at least 2 of the following forms of ID: driver's licence, Medicare card and/or passport.
Balance transfer details. If you want to transfer a balance from another non-Bankwest credit card (or cards), you'll be asked to provide details of your existing account and the amount you want to transfer.
Employment information. This includes your employment status, occupation, employer's name and contact details, as well as your salary. You will also need to show proof of income, such as payslips for the last 45 days or 2 recent Tax Assessment Notices (if you're self-employed).
Financial information. This covers any other forms of income and assets such as savings or shares. You also need to provide details of any debts, credit cards and loans, as well as estimates of your regular household expenses.

Card benefits

$0 annual fee. The Bankwest Zero Mastercard doesn't charge an annual fee. In comparison, other personal credit cards in Australia have annual fees that range from $25 to $500 (or more).
Balance transfer offer. This card offers 0% p.a. interest on balance transfers for the first 28 months, with a 3% balance transfer fee. You can request a balance transfer after being approved for this card but keep in mind that 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.

Mobile payments. You can add your Bankwest Zero Mastercard to Apple Pay, Google Pay and Samsung Pay to make payments directly from your phone (or other compatible device).
Free digital card. Once your application is approved, you can set up a digital card in the Bankwest app and start using it before your plastic card arrives in the mail.

Rates & fees

Purchase rate. This card has a 14.99% p.a. interest rate for purchases, which is competitive for a no annual fee credit card.
Interest-free days. If you pay the required closing balance listed in your statement by the due date, you'll get up to 55 interest-free days on purchases made with this card.

Cash advances. If you use this card to withdraw cash, or for any other cash advance transactions, an interest rate of 21.99% p.a. will apply from the time of the transaction. You'll also pay a 3% of transaction amount or $4 (whichever is greater) cash advance fee.
Foreign transaction fees. A 2.95% fee applies for each transaction made or processed outside of Australia. This includes when you're travelling overseas, as well as shopping online from Australia or overseas with international merchants.

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Amy Finder

Editor

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Renae

August 29, 2023

I applied for a balance transfer and rejected. I’ve 94% credit rating from your score. Not sure if I put income and expenses figures in wrong as can’t go back and check once submitted. Could it have possibly be as I entered that I would keep the credit card I’m transferring off? I’m happy to close it if that’s the case. I just get it free with home loan and had to put card repairs on credit card.

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Amy Bradney-George Finder

September 01, 2023

Hi Renae,

It can be hard to tell why a credit card application is declined, as there are many factors to consider – Finder has a whole guide on declined credit card applications. You may want to call Bankwest on 13 17 19 to discuss your application in further detail. I hope this helps.

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June 19, 2023

Can Citibank RediCredit balances be transferred to the Breeze card via the balance transfer deal?

Amy Bradney-George Finder

June 20, 2023

Hi BR,

Only non-Bankwest-branded credit cards can be balance transferred with this offer and unfortunately Citi Redi Credit is typically considered a personal loan product (as per the Citi website). But you could contact Bankwest on 13 17 19 to discuss your options. I hope this helps.

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.

Jonathan Finder

January 18, 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

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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??

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Elizabeth Barry Finder

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

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Jim

February 27, 2014

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

Jacob Joseph Finder

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.

Bankwest Zero Mastercard

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Cons

How to apply

Eligibility criteria

Required documents

Card benefits

Rates & fees

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