In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask an expert
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Bankwest Zero Platinum Mastercard

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Bankwest Zero Platinum Mastercard
Terms and conditions apply
Balance transfer rate for 28 months with 3% balance transfer fee
0% p.a.
Purchase rate
14.99% p.a.
Annual fee
$0 p.a.
Interest-free on purchases
Up to 55 days

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.

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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.

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

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask an expert

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.

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.

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.

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.

Your reviews

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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 ?


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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?


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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?


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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)


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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?


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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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