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Bankwest Zero Platinum Mastercard

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Save with a $0 annual fee, 0% foreign transaction fees and complimentary insurance covers with the Bankwest Zero Platinum.

Winner of the 2020 Finder Award for Best Credit Card for Travellers, the Bankwest Zero Platinum enables you to cut costs when spending overseas and online. The card charges no annual fee, no foreign transaction fees and offers up to 55 interest-free days on purchases.

2.99% p.a.

Balance transfer rate

for 9 months

17.99% p.a.

Purchase rate

$0 p.a.

Annual fee

55 days

Interest free period

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Product NameBankwest Zero Platinum Mastercard
Balance transfer rate2.99% p.a. for 9 months
Balance transfer revert rateBalance Transfer Revert Rate (17.99%)
Balance transfer limit95% of available limit
Purchase rate17.99% p.a.
Annual fee$0
Interest-free period55 days
Cash advance rate21.99% p.a.
Min credit limit$6,000
Card typeMastercard
Foreign currency conversion fee0%
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • Complimentary overseas travel insurance
  • 0% foreign transaction fees online and overseas
  • 3 additional cardholders at no extra cost


  • Even with a $0 annual fee and 17.99% p.a. purchase rate, you must still be approved for a $6,000 minimum credit limit.
Annual fee$0
Minimum monthly repayment2% of the closing balance or $20, whichever is greater
Late payment fee$25
Foreign currency conversion fee0%
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

Expert review

Sally McMullen

Review by

Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Bankwest Zero Platinum Mastercard could be a low cost card perfect for your online shopping needs, as well any any overseas travel. It’s one of the few cards that offers both $0 annual fee and no foreign transaction fees, so it won’t burn a hole in your pocket if you’re paying your balance in full each month.

It offers complimentary purchase insurance against faulty and damaged personal goods, extended warranty cover for up to 12 months and a price guarantee scheme. On your purchases, you'll receive up to 55 interest-free days, and if you do carry a balance, will be charged the 17.99% p.a. purchase interest rate, which is competitive for a platinum card.

How to apply

You can apply for the Bankwest Zero Platinum Mastercard and complete the online application in around 15 minutes. You should receive a response from Bankwest immediately. Before you apply, make sure you've met the eligibility requirements and have the necessary documents to include:

Eligibility criteria

  • Residency. You must be an Australian citizen or permanent resident.
  • Eligible balance transfer debt. If you plan to take advantage of the balance transfer offer, you can transfer from $500 up to 95% of your credit limit from cards not issued by Bankwest.

Card benefits

  • $0 annual fee. Unlike many 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.

Rates & fees

  • 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 (excluding any balance transfers) by the due date. This can help give you time to reap the benefits of the card before incurring interest.

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  1. Default Gravatar
    October 26, 2019

    If we are booking and paying for travel on a standby basis (airline employee) on this credit card – does the travel insurance still apply?

    • Avatarfinder Customer Care
      October 27, 2019

      Hi Renee,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      The answer to your question is yes as long as you use the Bankwest Zero Platinum to pay for at least $500 of your prepaid travel costs. If you need to confirm, you may also get in touch with the customer support of Bankwest.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


  2. Default Gravatar
    October 17, 2019


    In regards to the Bankwest Zero Platinum credit card travel insurance, it states that you are eligible for up to 6 months of travel insurance. However, if I plan to buy flights in November for travel in August and September how does that work as there is more than 6 months between purchase date and travel date? Also once you have made a purchase, will you automatically be given a certificate of insurance or do you have to apply for one?

    Thank you.

    • Avatarfinder Customer Care
      October 19, 2019

      Hi Sal,

      Thank you for getting in touch with Finder.

      Please note that when you meet the eligibility requirements for the Bankwest complimentary travel insurance, your cover will start from the date of departure that’s listed on your return travel ticket and ends when you get home or the cover period finishes. It doesn’t start from the date you purchase your flight. Cover-More underwrites their complimentary travel insurance. You may reach them out if you need clarification on this matter.

      I hope this helps.

      Thank you and have a wonderful day!


  3. Default Gravatar
    September 25, 2019

    Due to the change of my priority. I stopped to work in June, 2019. I am now is carer for my mum. I currently receive $1058.50 fortnightly. Am I eligible to apply for Bankwest Zero Platinum Mastercard? I can provide the tax summary for this year and bank statement if require. Thanks!

    • Default Gravatar
      September 26, 2019

      Hi Thi Tran,

      Thanks for getting in touch! It’s great to hear you decided to be a carer for your mom. As mentioned in the eligibility criteria of the card found above, you would need to submit the details of your income, expenses, debts, and assets. The final decision will come from Bankwest so make sure to check the eligibility requirements of the card before proceeding with your application. Also, read about its features and benefits and see how it fits your financial needs. Additionally, it’s helpful to review the PDS and Terms & Conditions of the card before fully committing to the card. You may also reach out to the bank if you have any clarifications.

      Hope this helps!


  4. Default Gravatar
    September 12, 2019

    1. Does the travel insurance include cruises? The link you gave in other questions doesn’t say.
    2. How do you find Bankwest ATMs overseas? Are they common or rare?

    • Avatarfinder Customer Care
      September 13, 2019

      Hi TravellerP,

      Thank you for getting in touch with Finder.

      If cruise is part of your international trip, yes, it is included. Bankwest complimentary travel insurance is underwritten by Cover-More. For more info on Bankwest complimentary travel insurance, please check out this PAGE.

      I’m afraid that looking for a Bankwest ATM overseas would be a challenge since Bankwest is an Australian bank. Since your Bankwest card has a Mastercard logo, that can be used in over 43 million locations worldwide (wherever you see the logo).

      I hope this helps.

      Thank you and have a wonderful day!


  5. Default Gravatar
    September 4, 2019

    Supplementary qn to one above about loading the card up with your own money so that you can withdraw cash without the cash advance fee. The fee quoted for this is $4 (as opposed to a withdrawal from the credit limit which is the greater of $4 or 2% of the transaction).

    Does this mean that the fee for cash withdrawals using your own funds is a flat $4 regardless of the size of the withdfrawal?

    • Default Gravatar
      September 5, 2019

      Hi Craig,

      Thanks for getting in touch! It’s helpful to know that withdrawing funds that you deposit as an overpayment towards your credit card account doesn’t and will not incur any fees. This means, when you withdraw locally or overseas in a Bankwest ATM, you will not be charged. Otherwise, withdrawing from other ATMs other than Bankwest will incur ATM withdrawal fee or overseas ATM withdrawal fee and the charge/s is dependent on the other bank’s fees.

      Hope this clarifies!


  6. Default Gravatar
    August 20, 2019

    Could you please explain how the 21.99% pa cash advance rate works for overseas ATM withdrawals? For example, if we withdrew $500 on our forthcoming holiday, we would be charged 2% overseas cash advance fee of $10 then the interest, which I don’t know exactly how to calculate. We pay off our card each month within the interest free period but I understand a cash advance starts attracting interest instantly, so I’d just like to know roughly how much this will be?

    • Avatarfinder Customer Care
      August 22, 2019

      Hi Edward,

      Thank you for getting in touch with Finder.

      For the formula and explanation on computing the cash advance interest, please check out this page. You may also use that page as a guide on understanding cash advance interest.

      Below is the simple breakdown of the cash interest computation, as your example, you take $500 in notes out of an ATM, the cash advance rate is 21.99 percent, let’s say you pay the full amount back in 18 days and you are charged with a $10 cash advance fee.

      21.99 percent / 365 days = 0.06024
      0.06024 x $500 = $30.12
      $30.12 x 18 days = $542.22
      $542.22 / 100 percent = $5.42
      $5.42 + $10 = $9.42

      This means you will pay $15.42 to borrow $500 for 18 days.

      I hope this helps.

      Thank you and have a wonderful day!


  7. Default Gravatar
    August 15, 2019

    Hi. I’m a bit confused by the response to Nicole’s question of July 6, 2019. If a card has $1000 credit on it, and a $500 cash withdrawal is made, is there any fee applied?

    • Default Gravatar
      August 16, 2019

      Hi John,

      Thanks for getting in touch! Sorry for the confusion. Since this is a credit card, when you withdraw funds, you are withdrawing from the credit limit, which is called a Cash Advance, therefore, there are fees corresponding to the transaction.

      1. Cash Advance Fee: 2% or $4, whichever is greater
      2. Overseas Cash Advance Fee: 2% or $4, whichever is greater
      3. Cash Advance Rate: 21.99% p.a.

      No overseas ATM Withdrawal Fee is charged by Bankwest, however, you may be charged ATM withdrawal fees when you draw funds from a different bank.

      Hope this clarifies. Feel free to reach out to us again for further assistance.


  8. Default Gravatar
    August 10, 2019

    Does this card cover rental car accident damage and if so what are the limits

    • Default Gravatar
      August 12, 2019

      Hi Brian,

      Thanks for your inquiry.

      Generally, the Bankwest Platinum Credit card covers Rental vehicle cover of $3000 and $250 for excess. For further information regarding Bankwest Zero Platinum complimentary travel insurance, please click this PAGE.

      I hope this helps.

      Kind regards,

  9. Default Gravatar
    July 27, 2019

    I have the bankwest platinum card which l intend to load up with my own funds to use overseas, if the card is lost or stolen & used am l fully covered?

    • Default Gravatar
      July 27, 2019

      Hi Lawrence,

      Thanks for getting in touch! Bankwest offers a free worldwide emergency card replacement service, so you won’t be stranded without funds if your card is lost, stolen or damaged while you’re travelling.

      It’s helpful to know that you can put a temporary lock on the card through online banking or the Bankwest App.

      To lock your card through online banking, simply log in, and select ‘Manage my cards’ from the self-service menu on the left-hand side. Select the card you want to manage, and select ‘Lock card’ under the ‘temporary card lock’ section.

      To lock your card in the Bankwest App, select your debit or credit card account, select the ‘Manage’ tab to view your account details and enable the ‘temporary card lock’.

      Call the bank immediately after the card has a temporary lock on it. Once you’ve reported your card, please allow 5-10 working days for your new card to arrive. If you find your old card after you’ve had it cancelled, please note it can’t be reactivated, so please destroy it.

      Hope this helps!


  10. Default Gravatar
    July 6, 2019

    Can I load my Bankwest Zero Platinum Mastercard in credit to avoid being charged the cash advance interest rate?

    • Default Gravatar
      July 6, 2019

      Hi Nicole,

      Thanks for your question.

      Yes, you can deposit funds so that the card in is credit of your own money. While no cash advance interest is charged when you do this, we do charge a cash advance fee of $4 (If the card is not in credit and the withdrawal takes funds from the credit limit it would be $4 or 2% of the total amount of the transaction- whichever is the greater amount).

      Hope this helps! For any further questions, feel free to reach out to us again, we’re here to help.


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