Bankwest Zero Platinum Mastercard – Rates and Fees

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 NameBankwest 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 Limit95% 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 TypeMastercard
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 InsuranceYes
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$0 p.a.
Minimum Monthly Repayment2% or $20, whichever is greater
Late Payment Fee$25
Cash Advance Fee2% of transaction amount or $4 (whichever is greater)
Overseas Cash Advance Fee2% 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 AllowedNo
Additional Cardholder Fee$0
Number of Additional Cardholders3

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.

Bankwest Zero Platinum Mastercard review

The Bankwest Zero Platinum Mastercard is designed for frequent travelling with superior perks. This card offers complimentary international credit card travel insurance that covers you against baggage loss and delays, car hire emergencies and medical and hospital cover. It also waives foreign transaction fees for spending both overseas and online with international retailers.

In addition to these benefits, the Bankwest Zero Platinum has a $0 annual fee for life. It has a standard variable purchase rate of 17.99% p.a. and offers up to 55 days interest-free when you pay your balance in full by the due date on each statement.

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.
  • 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.
  • 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.
  • 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, click "Go to 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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882 Responses

  1. Default Gravatar
    May 4, 2018

    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?

    • Staff
      JeniMay 4, 2018Staff

      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

  2. Default Gravatar
    MarionApril 17, 2018

    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.

  3. Default Gravatar
    MickApril 16, 2018

    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?

    • Staff
      JeniApril 16, 2018Staff

      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

  4. Default Gravatar
    LenaApril 9, 2018

    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?

    • Staff
      JeniApril 9, 2018Staff

      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

  5. Default Gravatar
    KimApril 2, 2018

    Do you need to an existing client of Bank West to qualify for this credit card?

    • Staff
      NikkiApril 2, 2018Staff

      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

  6. Default Gravatar
    StewartMarch 23, 2018

    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

    • Staff
      LouMarch 28, 2018Staff

      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

  7. Default Gravatar
    March 19, 2018

    Hello,

    I was wondering if I am going on a trip for just over 6 months (eg 183 days), will I be covered for the first 6 months with this travel insurance, or not covered at all as I will not return to Australia within 6 months?

    Regards,

    • Staff
      LiezlMarch 22, 2018Staff

      Thanks for your question, Zara.

      You will still get cover for the first 6 months of your trip. Beyond that period you will no longer be covered unless your return to Australia is delayed because of events beyond your control or those circumstances covered under this policy. In that case, your insurance will automatically be extended for a period of up to 4 weeks or until you return to your home in Australia, whichever occurs first. We have a guide here on Bankwest Credit Card Complimentary Insurance that you can refer to for more information.

      I hope this helps.

      Cheers,
      Liezl

  8. Default Gravatar
    DavidMarch 6, 2018

    Question 1:
    When I make oversea purchase. does Bankwest use its own foreign exchange rate or Australia’s standard foreign exchange rate of the day?

    Question 2:
    55 days interest free on purchase mean 55 days from the actual day for purchase which include statement payment due date or exclude statement payment due date?

    Regards,

    • Staff
      NikkiMarch 9, 2018Staff

      Hi there!

      Thank you for your questions.

      Here below are the answers to your queries.

      Question 1: When I make overseas purchase. does Bankwest use its own foreign exchange rate or Australia’s standard foreign exchange rate of the day?

      Bankwest Platinum and World credit cards don’t charge any overseas transaction fee. If you’re a frequent traveler or often shop online, you could take advantage of the 0% international transaction fees available with a Bankwest Platinum or World credit card.

      Question 2: 55 days interest-free on purchase mean 55 days from the actual day for purchase which includes statement payment due date or excludes statement payment due date?

      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.

      Hope this helps!

      Best Regards,

      Nikki

  9. Default Gravatar
    SueFebruary 16, 2018

    If my BankWest platinum MasterCard is in credit will I incur costs if I withdraw cash

    • Staff
      JhezelynFebruary 24, 2018Staff

      Hi Sue,

      Thank you for your comment.

      There is no cost to withdrawing the credit balance. You may access your credit balance in addition to your credit limit. Withdrawing the credit balance will first reduce that credit balance.

      You can confirm this with Bankwest. I have also sent the PDS to your email address separately.

      Regards,
      Jhezelyn

  10. Default Gravatar
    DickySeptember 15, 2017

    How much minimum salary to apply this card ?

    • Staff
      HaroldSeptember 15, 2017Staff

      Hi Dicky,

      Thank you for your inquiry.

      There isn’t a specific amount that is required for some cards. They look at your income to expense ratio and decide based on that

      I hope this information has helped.

      Cheers,
      Harold

Credit Cards Comparison

Rates last updated May 28th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Westpac Low Rate - Online Offer
13.49% p.a.
0% p.a. for 26 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Take advantage of 0% p.a. for 26 months on balance transfers with a one-time 2% balance transfer fee and a $0 first year annual fee.
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($129 p.a. thereafter)
Offers a 0% p.a. for 22 months balance transfer, $0 annual fee for the first year and an annual fee refund each year when you spend $6,000.
NAB Low Fee Card
19.74% p.a.
0% p.a. for 18 months with 2% balance transfer fee
$30 p.a.
Receive complimentary purchase protection insurance, a 18 month balance transfer offer and special offers from Visa Entertainment.
Citi Platinum Credit Card - 100k Bonus Points
20.99% p.a.
0% p.a. for 15 months with 1% balance transfer fee
$49 p.a. annual fee for the first year ($149 p.a. thereafter)
Earn 100,000 reward Points, enjoy a long-term balance transfer offer, a discounted first year annual fee and complimentary travel insurance.

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