Finder Award

Bankwest Zero Platinum Mastercard

The Bankwest Zero Platinum has no annual fee for life and offers 0% p.a. on balance transfers for 34 months, but with a 2% balance transfer fee.

Winner of the 2020 Finder Award for Best Credit Card for Travellers, the Bankwest Zero Platinum gives you a few ways to save on card costs – including 0% foreign transaction fees and no annual fee for life. Right now, it also offers 0% p.a. on balance transfers for 34 months with a one-off 2% balance transfer fee. To give you an idea of the potential cost, a $5,000 balance transfer would attract a $100 balance transfer fee with this offer.

At the end of the introductory period, any remaining balance transfer will attract the card's ongoing 14.99% p.a. balance transfer rate. The Bankwest Zero Platinum also offers complimentary purchase insurance covers and overseas travel insurance (when that opens up again), which makes it competitive with some of the platinum credit cards that do have annual fees.

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Amy Bradney-George

Last Updated Jul 6, 2021

0% p.a.

Balance transfer rate

for 34 months with 2% balance transfer fee

14.99% p.a.

Purchase rate

$0 p.a.

Annual fee

55 days

Interest free period

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Details

Product Name	Bankwest Zero Platinum Mastercard
Balance transfer rate p.a.	0% for 34 months with 2% balance transfer fee
Balance transfer revert rate	Balance Transfer Revert Rate (14.99%)
Balance transfer limit	95% of available limit
Purchase rate p.a.	14.99%
Annual fee	$0
Interest-free period	Up to 55 days on purchases
Cash advance rate	21.99% p.a.
Min credit limit	$6,000
Card type	Mastercard
Foreign currency conversion fee	0%

Available to temporary residents	Yes - Conditions apply
Joint application	No

Pros

0% on balance transfers for 34 months
Complimentary overseas travel insurance
0% foreign transaction fees online and overseas
3 additional cardholders at no extra cost

Cons

Even with a $0 annual fee and 14.99% p.a. purchase rate, you must still be approved for a $6,000 minimum credit limit.
Charges a one-time 2% balance transfer fee

Bonus points	N/A

Annual fee	$0
Minimum monthly repayment	2% of the closing balance or $20, whichever is greater
Late payment fee	$25
Foreign currency conversion fee	0%
Cash advance fee	2% or $4, whichever is greater
Overseas cash advance fee	2% or $4, whichever is greater
Overseas ATM withdrawal fee	$0
Additional cardholder fee	$0
Number of additional cardholders	3

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Bankwest Zero Platinum Mastercard could be a low cost card perfect for your online shopping needs, as well as 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 14.99% p.a. purchase interest rate, which is competitive for a platinum card.

Bankwest credit cards offer the convenience of both Apple Pay and Google Pay, as well as a free digital card to link up and use through the app before your physical card arrives.

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.
New customers. If you want to take advantage of the balance transfer offer on this card, you need to be a new Bankwest Zero Platinum Mastercard customer.

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.
Age. You must be at least 18 years old to apply.

Required documents

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 your employer's contact details.
Financial information. Details of your income, expenses, debts and assets.

Card benefits

$0 annual fee. Unlike many platinum cards, the Bankwest Zero Platinum Mastercard doesn't charge an annual fee.
Balance transfer offer. This card offers 0% p.a. on balance transfers for the first 34 months, which starts on the date your card is opened. A one-time 2% balance transfer fee also applies. At the end of the introductory period, the balance transfer rate reverts to 14.99% p.a. While Bankwest does not have a set date when this offer will end, it is only available for a limited time.

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 overseas travel insurance. The Bankwest Zero Platinum card offers complimentary overseas travel insurance for up to 31 consecutive days through Cover-More. All you have to do to get the insurance is have the card open while you're travelling. If you meet the eligibility requirements, you'll be covered for overseas emergency medical & hospital expenses, baggage & personal goods, personal liability and accidental death with the option to upgrade for additional protection.
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. The purchase price guarantee scheme protects you against price drops on eligible items purchased with the card. It allows you to claim the price difference if you find it available at a lower price within three weeks of purchase; as long as the price difference is greater than $75.
Mobile wallets and contactless payments. This card can be linked to Google Pay, Samsung Pay and Apple Pay, available on compatible Android, Samsung and Apple devices.
Digital cards. Once you've been approved, you can access and activate your new credit card through the Bankwest app. This means you can use your card to shop online or make mobile contactless payments before you receive your physical card.

Rates & fees

Interest rate. This card has a standard purchase rate of 14.99% 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.

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.

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937 Comments

Renee
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?

Reply
- finder Customer Care
  
  Joshua
  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!
  
  Cheers,
  Joshua
  
  Reply
Sal
October 17, 2019

Hi,

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.

Reply
- finder Customer Care
  
  Jeni
  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!
  
  Cheers,
  Jeni
  
  Reply
Thi
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!

Reply
- Nikki
  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!
  
  Best,
  Nikki
  
  Reply
Anonymous
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?

Reply
- finder Customer Care
  
  Jeni
  September 13, 2019
  
  Hi TravellerP,
  
  Thank you for getting in touch with Finder.
  
  If cruising is part of your international trip, yes, it is included. Bankwest complimentary travel insurance is underwritten by Cover-More. You can check our review page to know what insurances you are covered under.
  
  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, you can use your card in over 43 million locations worldwide where Mastercard is accepted.
  
  I hope this helps.
  
  Thank you and have a wonderful day!
  
  Cheers,
  Jeni
  
  Reply
CRaig
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?

Reply
- Nikki
  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!
  
  Best,
  Nikki
  
  Reply

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Bankwest Zero Platinum Mastercard