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 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. | $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 | No |
| Joint Application | No |
| Annual fee | $0 p.a. |
|---|---|
| Minimum Monthly Repayment | 2% or $20, whichever is greater |
| Late Payment Fee | $25 |
| 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 |
| 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. | 0% of transaction value |
| Gambling Transactions Allowed | No |
| Additional Cardholder Fee | $0 |
| Number of Additional Cardholders | 3 |
Pros
- Awarded 'Credit Card Issuer of the Year' in Money Magazine's Awards for 2013
- 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 variable 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.
- 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 Platinum Mastercard
- Interest rate. This card has a standard variable 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. 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.
- Optional credit card protection. You have the option of taking out Credit Card Protection with St. Andrew’s that will cover you in case of an accident, illness or unemployment makes you unable to pay off your credit card. Cover is available up to $50,000 and your premium of 55c per $100 that you owe on your statement is deducted from your card each month.
- 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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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
This is not a question but a compliment! I recently returned from an overseas trip and while I was away, I had to have an operation, for which I had taken out pre-existing condition cover (just in case!) Allianz Insurance was absolutely FANTASTIC. Their team were in constant contact with me, they settled the bills timeously and all in all, I was bowled over by their caring and efficiency. Thank you to the entire Allianz team – I cannot praise you enough.
I will load up this card with credit, can I transfer money from this card to another account please and can I top it up from another account as well?
Hi Mick,
Thank you for getting in touch with finder.
Yes you can load it up or transfer money from another account to make it positive balance however you can’t directly transfer money from your credit card to another account. What you can do is to transfer through a money transfer company then fund your transfer using your credit card.
As a friendly reminder, while we do not represent any company we feature on our pages, we can offer you general advice.
I still suggest that you contact Bankwest directly regarding this matter for further info/help/assistance.
I hope this helps.
Have a great day!
Cheers,
Jeni
Hi, I am looking at applying for a BankWest Zero Platinum Mastercard. Does it have a monthly service fee? Also is the second cardholder free? Does it have a cost if I cancel my card?
Hi Lena,
Thank you for getting in touch with finder.
This card has no monthly service fee, no additional cardholder fee and no cost upon cancelling unless you have an outstanding balance.
In addition, this card has no annual fee and you can have up to 3 additional cardholders.
I hope this helps.
Have a great day!
Cheers,
Jeni
Do you need to an existing client of Bank West to qualify for this credit card?
Hi Kim!
Thanks for your questions and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?
You don’t need to be an existing client of Bank West to qualify for the card.
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.
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.
Hope this information helps!
Thanks and best regards,
Nikki
If I have a Zero Platinum Mastercard and do a cash advance in the US while on Holidays, can I avoid the 21.99% interest by already having the account balance in the positive for greater than the amount advanced
Hi Stewart,
Thanks for your question.
You can have a positive balance on your Bankwest Zero Platinum Mastercard. If it does, you may access the funds in addition to your credit limit, without incurring cash advance interest rate (21.99% p.a.). However, for this transaction, you may still incur ATM withdrawal fee and cash advance fee.
I hope this helps.
Cheers,
Anndy