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Our verdict

The Bankwest Zero Platinum has no annual fee for life and offers 0% p.a. on balance transfers for 28 months, but with a 3% balance transfer fee.

Finder Awards winner

The Bankwest Zero Platinum Mastercard is one of the few cards that offers a $0 annual fee, no foreign transaction fees and complimentary overseas travel insurance. This gives you a way to save on some key credit card and travel costs.

This card's 14.99% p.a. purchase interest rate is also relatively low for a no annual fee, platinum card. Its other features are relatively simple and include mobile payments with Apple Pay and Google Pay. But unlike many other cards, it does offer digital card you can use through the app before your physical card arrives.

Pros

0% p.a. on balance transfers for 28 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 3% balance transfer fee

Winner of the 2023 Finder Award for Best Travel Credit Card, the Bankwest Zero Platinum gives you a few ways to save on card costs – including 0% foreign transaction fees and no annual fee ever. Right now, it also offers 0% p.a. on balance transfers for 28 months with a 3% balance transfer fee.

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 overseas travel insurance and purchase insurance covers, which makes it competitive with some of the platinum credit cards that do have annual fees.

Details

Product details

Product Name	Bankwest Zero Platinum 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	$6,000
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	0%
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

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 a permanent resident of Australia.
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 28 months, which starts on the date your card is opened. A 3% 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 3% of transaction amount or $4 (whichever is greater) is charged when you make a cash advance transaction.

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Amy Finder

Editor

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dar2302

November 19, 2023

If I book car hire in Australia with my Platinum card, will I receive complimentary insurance cover for the hire period ?

Amy Bradney-George Finder

November 19, 2023

Hi Dar,

There’s no rental vehicle insurance available when you’re travelling in Australia with this card but it does offer interstate flight inconvenience insurance for eligible domestic trips, and the option of rental vehicle excess insurance overseas with an upgraded policy. If you have more questions about the insurance on this card, you could contact Bankwest. Finder also has a guide to credit cards with rental car insurance if you specifically want a card that offers this cover – including some that offer it for eligible trips in Australia. I hope this helps.

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Scott

November 07, 2023

What is the international fee for purchases?

Amy Bradney-George Finder

November 10, 2023

Hi Scott,

The Bankwest Zero Platinum Mastercard does not charge an international transaction fee. Purchases are just converted to Australian dollars based on an exchange rate that’s set by Mastercard International Incorporated, according to the Bankwest Credit Cards Conditions of Use. I hope that helps.

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Ray

October 21, 2023

Can I apply for this offer if I am self employed?

What proof would be required for my income?

Amy Bradney-George Finder

October 22, 2023

Hi Ray,

Yes, providing you meet the other eligibility requirements you can apply for this card when you are self-employed. Please keep in mind that Finder is an independent website and does not issue this card, so you would need to apply through Bankwest. You would need to provide your 2 most recent Tax Assessment Notices from the Australian Taxation Office (ATO). Bankwest may also request copies of your taxation and financial reports from your accountant, dated within the past 18 months. I hope this helps.

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Lucas

October 12, 2023

If I load up the card in advance with AUD, can I withdraw cash from the ATM in a foreign country without being charged Cash advance fee? (I’d prefer not, but sometimes cash is still needed here and there)

Amy Bradney-George Finder

October 23, 2023

Hi Lucas,

Unfortunately, ATM withdrawals made with a credit card would still typically be processed as cash advances and attract the cash advance fee. Banks also have different policies around carrying a balance above your credit limit, so you may want to contact Bankwest to discuss your specific plans. You could also consider ordering foreign currency before you leave, or getting a debit card with no foreign transaction fees or a pre-loadable travel money card. I hope this helps.

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Trevor

September 29, 2023

Can I transfer debt from my spouse’s credit card to a new Bankwest Zero Platinum Mastercard in my name?

Amy Bradney-George Finder

October 03, 2023

Hi Trevor,

According to Bankwest’s balance transfer terms and conditions, you can request a balance transfer from a non-Bankwest Australian credit card, store card or charge card that’s held by you or an additional cardholder on your account. So if your spouse is an additional cardholder it would be possible to request a balance transfer. I hope this helps.

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Bankwest Zero Platinum Mastercard

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Required documents

Card benefits

Rates & fees

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