Bankwest Zero Mastercard – Rates and Fees

Pay no annual fee and enjoy 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 no annual fee, the card also offers a competitive balance transfer rate to help repay your 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 NameBankwest Zero Mastercard
Balance transfer rate (p.a.)2.99% p.a. for 9 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Standard Balance Transfer Revert Rate (17.99% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)17.99% p.a.
Annual fee$0 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
Card TypeMastercard
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, 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 InsuranceNo
Minimum Age18 years of age
Available To Temporary ResidentsNo
Credit Rating RequirementGood
Joint ApplicationNo
Annual fee$0 p.a.
Minimum Monthly Repayment2% or $20, whichever is greater
Late Payment Fee$25
Cash Advance Fee2% of transaction amount or $4 (whichever is greater)
Overseas Cash Advance Fee2% of transaction amount or $4 (whichever is greater)
Overseas ATM Withdrawal Fee$0
Foreign Currency Conversion Fee
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, 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.
of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0
Number of Additional Cardholders3


  • There is a $0 annual fee with this card.
  • 2.99% p.a. for 9 months on balance transfers.
  • This card offers up to 55 days interest-free on purchases.
  • Request up to 3 additional cardholders for $0 p.a.


  • 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.

Bankwest Zero Mastercard credit card review

If you have a debt that is collecting high interest, transferring your balance to Bankwest Zero Mastercard could result in significant savings. With this offer you pay 2.99% p.a. on the balance for 9 months. This card does not charge an annual fee and you can avoid paying interest on purchases with up to 55 interest-free days when you pay your balance in full. As a Mastercard user, you'll have no trouble accessing your funds anywhere in Australia, overseas and online.

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:

  • No 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.
  • Interest-free period. Pay no interest on your purchases for up to 55 days so long as the balance is paid in full. This includes any balance transfers or cash advances.
  • Simplicity. This is a simple credit card with the important features needed to make it ideal for your day to day purchases.
  • Eligible for Google Pay. The Google Pay feature allows Bankwest cardholders to tap and go at the checkout with their Android device.

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. When 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.
  • Foreign transaction fees. Any transaction that requires the conversion of currency back to the Australian dollar will be charged 2.95% of that amount.
  • Minimum credit limit. Your available credit, if approved, for this card will be a minimum of $1,000.
  • Card type. With a Mastercard, you can shop with confidence knowing that it is one of the world’s most recognised credit card logos.

How to apply for the Bankwest Zero Mastercard

If the simplicity, low rate and no fee of this card is what you had in mind, you can start applying by completing the secure application form. 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.
  • Credit card applications. Bankwest will need to verify that you do not have any other credit card applications were you have been conditionally approved.

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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85 Responses

  1. Default Gravatar
    RichardJanuary 16, 2015

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

    • Staff
      JonathanJanuary 19, 2015Staff

      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!



  2. Default Gravatar
    RichardJanuary 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??

    • Staff
      ElizabethJanuary 16, 2015Staff

      Hi Richard,

      Thanks for your question.

      You’ve come through to, 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.



  3. Default Gravatar
    JimFebruary 27, 2014

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

    • Staff
      JacobFebruary 27, 2014Staff

      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.

  4. Default Gravatar
    PhillipJanuary 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

  5. Default Gravatar
    PhillipJanuary 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?


    • Staff
      JacobJanuary 8, 2014Staff

      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.

  6. Default Gravatar
    LouisDecember 7, 2013

    Any information on the income requirements for the Bankwest Zero Gold and Platinum MasterCard?

    • Staff
      JacobDecember 9, 2013Staff

      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.

  7. Default Gravatar
    AshAugust 14, 2013

    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 .


    • Staff
      JacobAugust 14, 2013Staff

      Hi Ash.

      This is an exclusive offer to 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.


  8. Default Gravatar
    DaveAugust 6, 2013

    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

    • Staff
      ShirleyAugust 6, 2013Staff

      Hi Dave,

      Thanks for your comment.

      I’ve emailed you regarding your query.


  9. Default Gravatar
    July 29, 2013


    I’m an existing Bankwest customer.

    What is the balance transfer rate for existing customer?



    • Staff
      JacobJuly 29, 2013Staff

      Hi Henry. Thanks for your question. Please contact Bankwest directly for this information. Jacob.

  10. Default Gravatar
    TinaJune 12, 2013

    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

Credit Cards Comparison

Rates last updated February 22nd, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
American Express Velocity Escape Card
20.74% p.a.
0% p.a. for 12 months with 1% balance transfer fee
$0 p.a.
Receive a bonus 12,500 Velocity Points, pay a $0 annual fee for life and take advantage of a 0% p.a. for 12 months balance transfer offer.
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 25 months
$90 p.a.
Exclusive to, enjoy a 0% BT fee, 0% balance transfer offer for 25 months and seven complimentary insurance covers.
St.George Vertigo Platinum - Online Offer
12.74% p.a.
0% p.a. for 24 months
$99 p.a.
Platinum card benefits including complimentary insurance, plus 0% p.a. for 24 months on balance transfers (with no BT fee). Ends 28 February 2018.
Westpac Low Rate - Online Offer
13.49% p.a.
0% p.a. for 30 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Take advantage of 0% p.a. for 30 months on balance transfers with a 2% balance transfer fee when you apply online by 28 February 2018.

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* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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