Bankwest Zero Platinum Mastercard
- $0 annual fee
0% foreign transaction fees
Eligibility criteria, terms and conditions, fees and charges apply
Save with a $0 annual fee, complimentary international travel insurance and an introductory balance transfer rate with the Bankwest Zero Platinum Mastercard.
If you're looking to save on credit card costs, the $0 annual fee and balance transfer rate of 2.99% p.a. for 9 months could be valuable features. If you're a frequent traveller, you'll also benefit from the Bankwest Zero Platinum Mastercard's complimentary insurance covers and 0% foreign transaction fees. Compare the features and fees of the card to determine if it is right for you.
| Product Name | Bankwest Zero Platinum 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 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 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. | $6,000 |
| Card Type | Mastercard |
| 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. | 0% of transaction value |
| Complimentary Travel Insurance | Yes |
| 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) 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. | 0% 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
- Consolidate your debt with the 2.99% p.a. for 9 months offer on balance transfers.
- Benefit from 3 free additional cardholders.
- 0% foreign transaction fee make this card an attractive offer for making purchases when travelling overseas, or when purchasing online from overseas websites.
Cons
- No rewards program meaning you won't earn rewards points on your purchases.
Benefits of the Bankwest Zero Platinum Mastercard
- $0 p.a. annual fee. Unlike most platinum cards, the Bankwest Zero Platinum Mastercard doesn't charge an annual fee.
- 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 international credit card travel insurance. Purchase your return travel tickets using the Bankwest Zero Platinum and you and your eligible family members can enjoy complimentary international credit card travel insurance. Cover is automatically provided for a period of up to 6 months, and starts from the date of departure on your return ticket. You’re insured for overseas medical and dental expenses as well as a range of other events. Check the terms and conditions for further information about this complimentary benefit. A minimum spend of $500 on prepaid travel is required and other terms and conditions apply, so make sure you refer to the Complimentary Credit Card Insurance booklet available on the Bankwest website for more information.
- Balance transfer offer. This card offers 2.99% p.a. on balance transfers for the first 9 months. After that, any remaining balance will attract interest at the standard balance transfer rate of 17.99% p.a. Keep in mind that you can only transfer balances from non-Bankwest cards.
- 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.
- 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 Platinum Mastercard
- Interest rate. This card has a standard purchase rate of 17.99% 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 by your closing balance date, including any cash advances and balances. 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 2% of transaction amount or $4 (whichever is greater) is charged when you make a cash advance transaction.
- Free worldwide emergency card replacement. If you've lost your card, you can request an emergency card replacement without a cost. This will especially come in handy if you're travelling with the card overseas.
How to apply for the Bankwest Zero Platinum Mastercard
If you've decided that the Bankwest Zero Platinum Mastercard could work for you, head to the Bankwest site to complete your secure online application. This should take around 15 minutes, and you'll get a response from Bankwest straight away. Before you apply though, make sure you've met the following eligibility requirements and have the necessary documents on hand.
Eligibility criteria checklist
- Age. You must be at least 18 years old.
- Residency. You must be a permanent Australian resident or citizen.
Required documents and information
- 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 contact numbers.
- Financial information. This includes details of your income, expenses, debts and assets.
If you're looking for a credit card that offers savings on annual fees and balance transfers as well as complimentary extras, the Bankwest Zero Platinum Mastercard might be an option for you to consider. Just make sure you compare it to a range of other no annual fee and platinum cards so that you can find the right option for you.
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Regarding Bankwest Zero Mastercard, can you confirm that it is $0 annual fee for the life of the card? Other CBA documentation about the Bankwest Zero card says $0, the $99 after first year.
In the online application for the Zero card how do you indicate income from superannuation? The form says ‘Income, not superannuation’.
Thanks,
Eva
Hi Eva,
Thank you for getting in touch with finder.
This Bankwest Zero Platinum Mastercard has NO annual fee.
Regarding your online application, please note that super is accepted if you are eligible for that type of income. If you need further assistance on your online application, kindly chat with their online representative or call the 13 number at the right top of the application page.
I hope this helps.
Please feel free to reach out to us if you have any other enquiries.
Thank you and have a wonderful day!
Cheers,
Jeni
Does this card cover rental car insurance if the car is paid for with the card, and what is the income requirement for this card as I am self employed?
Hi Don,
Thank you for reaching out to finder.
Bankwest Zero Platinum Mastercard has Rental vehicle insurance excess under the Overseas travel insurance provided by the card. There is no minimum income requirement for this card but based on your annual income, this may be the basis for the credit limit that would be provided to you in the future. Hope this helps!
Cheers,
Reggie
Thinking about applying for Bankwest Zero Platinum MasterCard to use for overseas travel card.
1. This includes paying for cruise liner accounts for purchases etc – where the cruise swipes your card without a PIN system, something our current debit card doesn’t allow and cause untold problems in paying an account.
2. Do we need to have a savings account or similar to apply for the platinum card?
Hi Paul and Gail,
Thank you for getting in touch with finder.
You do not have to have an existing account to apply for a Bankwest Zero Platinum MasterCard credit card. However it may be a good a idea to set up a free transaction account to pay off your credit card balance instantly.
I hope this helps.
Please feel free to reach out to us if you have any other enquiries.
Thank you and have a wonderful day!
Cheers,
Jeni
Hi,
If I use my credit card to make a purchase, will I be charged extra for this by BankWest? Last time I paid for a holiday, around $10 was added to the credit. Was this by BankWest?
Thanks,
Monique
Hi Monique,
Thank you for getting in touch with finder.
You will not be charged extra for using this card to make a purchase even when you purchase items overseas or via overseas websites. If you used a Zero Platinum MasterCard, the $10 would not have been a foreign transaction fee. It is best to check your statement and if you can’t understand or remember being charged extra $10, please speak directly with Bankwest and make sure to have your credit card statement handy.
I hope this helps.
Please feel free to reach out to us if you have any other enquiries.
Thank you and have a wonderful day!
Cheers,
Jeni
What do you mean by 24/7 concierge service?
Hi John,
Thanks for leaving a question on finder.
It simply means that they will be available to answer your requests 24/7. This makes sense for people who travel and use concierge service to make all the necessary arrangements so you will not have to worry about time difference if you are in a different time zone and need your concierge to make any changes ASAP. Always make sure that you ask about the specific terms and conditions. Sometimes, it just means that you will have a 24h Concierge service with a X hour(s) response time.
Cheers,
Joel
What information is required when applying for the 3 additional cardholders?
Hello Wing,
Thank you for your comment.
Additional Cardholders should be 16 years or over nominated by you and authorised by Bankwest to operate your Card Account alone. The information you need to provide is found on the Additional Cardholder(s) Request Form on the bank’s website.
Please visit their website to view the ID requirements for the additional cardholder. You may also contact Bankwest so they can walk you through the process.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
Where do I find a direct debit form?
Hello Tanya,
Thank you for your comment.
You can find the direct debit request form from the Bankwest website or on the Bankwest’s form page.
Regards,
Jhezelyn
Can I apply if I’m on a pension
Hi Lynn,
Thank you for contacting finder.
Yes, you may apply for the Bankwest Zero Platinum Mastercard though you may need to submit an income statement from Centrelink and meet their other eligibility requirements such as:
*You should at least be 18 years old
*You should be a permanent Australian resident or citizen
You may also read this page to know more about the Banks that offer Credit Cards to Pensioners and Retirees as well as their eligibility requirements.
I hope this helps.
Let us know if there is anything else that we may assist you with.
Cheers,
Ash
Hi Team,
Can you please confirm if there is a balance transfer fee? I can see the balance transfer rate, but not commentary on if there is a balance transfer fee.
Hi Fergus,
Thanks for contacting finder.
Usually, the BT Rate is how much interest you will be charged on purchases for a limited Balance transfer offer period. The Balance Transfer fee is usually a % of the amount you are transferring as an upfront, one off, fee.
There is no BT fee on this card, only a BT rate of 2.99% p.a. for 9 months. After 9 months it will go up to 17.99%.
Hope this clarifies!
Regards,
Nikki
It says there is no foreign transaction charges. Are there any other charges when you makes a transaction overseas i.e. a currency conversion charge or anything like that?
Hi Lyn,
Thank you for getting in touch with finder.
Upon checking, in this page if you click on Fees and Repayments tab, it says “Foreign Currency Conversion Fee – 0% of transaction value”. You will only see charges if you do cash advance abroad and that is 2% of the transaction amount or $4 (whichever is greater).
I hope this helps.
Have a great day!
Cheers,
Jeni