Bankwest Zero Platinum MasterCard – Rates and Fees

Information verified correct on December 5th, 2016
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Save with no annual fee, complimentary travel insurance and a special low introductory balance transfer rate with the Bankwest Zero Platinum MasterCard.

The Bankwest Zero Platinum MasterCard offers cardholders a number of benefits. If you're looking to save on credit card costs, the $0 annual fee, interest-free days and 9 months low balance transfer period could come in use. If you're a frequent traveller, you'll also benefit from complimentary travel insurances and no foreign transaction fees. Compare the features and fees of the card to determine if this is the right credit card 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
Minimum Monthly Repayment2%
Card TypeMasterCard
Late Payment Fee$25
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
Complimentary Travel Insurance Cover6 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
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
Annual Fee$0 p.a.
Minimum Repayment2%
Late Payment Fee$25
Over Limit Fee$0
Cash Advance FeeGreater of 2% or $4.00
Overseas Cash Advance FeeGreater of 2% or $4.00
Overseas Emergency Replacement$0
Overseas ATM Balance check$0
Overseas ATM Withdrawal Fee$0
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
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders3
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

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 specially designed for frequent travelling, affordable balance transfers and frequent shopping. The international travel cover on the card covers you against baggage loss and delays, car hire emergencies and medical and hospital cover. Customers with the Platinum MasterCard benefit from waivers on online and overseas purchases together with other perks such as cash advances, accident, death or unemployment cover and other lucrative optional extras.

Benefits of the Bankwest Zero Platinum MasterCard

  • Interest-free days. You can take advantage of up to 55 interest-free days on purchases when you pay in full by your closing balance date. This can help give you time to reap the benefits of the card before incurring interest.
  • Annual fees. Unlike most platinum cards, the Bankwest Zero Platinum MasterCard doesn't charge annual fees.
  • No foreign transaction or overseas ATM withdrawal fees. Cardholders won't be charged for foreign transactions or ATM withdrawals made overseas.
  • Complimentary travel insurance. If you spend at least $500 of your prepaid travel costs on your Bankwest credit card, you'll receive automatic complimentary travel insurance through Allianz Insurance. If your spouse or dependent children are travelling with you and have met the eligibility requirements, they'll also receive complimentary cover.
  • 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 is deducted from your card each month.

Features of the Bankwest Zero Platinum MasterCard

  • Balance transfers. Repay your existing debt at a low balance transfer of 2.99% p.a. for up to 9 months. Keep in mind that you can only transfer balances from non-Bankwest cards.
  • Interest rate. This card has a purchase rate of 17.99% p.a.
  • Cash advances. Cash advances, such as ATM withdrawals and gambling transactions, will immediately incur a 21.99% p.a. interest rate.
  • Purchase security. 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.
  • Travel insurance. This card offers you certain travel perks such as car hire insurance excess of up to $3,000, cover against delayed luggage of up to $12,000, medical and hospital cover while overseas and cover against lost, stolen or damaged luggage. International travel insurance on this card can also cover you and your family for up to 6 months if you purchase return tickets or other prepaid costs worth $500 on your card.
  • 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. Before you apply though, make sure you've met the following eligibility requirements and have the necessary documents on hand.

Eligibility criteria checklist

  • A good credit rating
  • Be at least 18 years old
  • Cardholders must be permanent Australian residents

Necessary documents and information

  • Proof of income such as recent payslips and tax return
  • Proof of identity such as your driver’s licence

If you're looking for a credit card that will give you the freedom to travel and transfer your balance while also saving you money on annual fees, the Bankwest Zero Platinum MasterCard might be an option for you to consider. Make sure you see how the Bankwest card compares to others in its category by using comparison tables on finder.com.au so you can find the best* card for you.

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837 Responses to Bankwest Zero Platinum MasterCard – Rates and Fees

  1. Default Gravatar
    Gary | December 2, 2016

    What action do I need to take to activate or advise Bankwest that I wish to utilise their Travel Insurance when travelling. I understand that I need to use my card to purchase $500 of my travel costs, but do I need to advise travel dates or destination in any way ?

    • Staff
      Anndy | December 2, 2016

      Hi Gary,

      Thanks for your question.

      So long as you meet the eligibility criteria to receive the complimentary insurance cover of this card, you do not have to tell Bankwest or Allianz Global
      Assistance that you will be travelling. You are automatically eligible for the complimentary international travel insurance.

      Cheers,
      Anndy

  2. Default Gravatar
    Terry | November 21, 2016

    Hi, I am travelling to south america for christmas and I am wanting a card (debit or credit) that does not charge me transaction fees for eftpos or atm withdrawals. I am wanting to see what fees or charges would be charged, for example currency conversion fee, and if atm withdrawals count as a cash advance with interest to be charged as a result.
    Thanks for your help

  3. Default Gravatar
    | September 22, 2016

    If I keep a credit balance on the BW Zero Platinum card will I have to pay the interest rate on cash advance So?

    • Staff
      May | September 23, 2016

      Hi Des,

      Thanks for your question.

      No, you won’t be charged cash advance interest given that your account is in credit balance. However, Bankwest will still charge you a cash advance fee.

      Cheers,
      Mat

  4. Default Gravatar
    | September 20, 2016

    Hi can you tell me how I can find out what I am covered for in the complimentary travel insurance that I am eligible for with the BankWest zero platinum credit card

    Thanks

    • Staff
      Sally | September 20, 2016

      Hi Diane,

      Thanks for your question.

      Unfortunately, as a comparison service, we’re unable to confirm whether you’re eligible for the complimentary travel insurance with the Bankwest Zero Platinum credit card.

      However, you can use our guide on Bankwest complimentary credit card travel insurance to see whether you’re eligible for the insurance and what is covered and excluded under the policy.

      For further information, please see Bankwest’s Complimentary Credit Card Insurance policy document for further information.

      I hope this has helped.

      Cheers,

      Sally

  5. Default Gravatar
    | September 17, 2016

    We are frequent travellers and also pensioners with good credit rating will be qualify

    • Staff
      Sally | September 20, 2016

      Hi C,

      Thanks for your question.

      As a financial comparison service, we’re unable to confirm whether you will be approved or rejected when you apply for a credit card.

      If you’re on a pension though, there will be specific documents that you will need to provide to improve your chances of approval. You can find out more about this using our guide on credit cards for pensioners and retirees.

      As long as you meet the card’s eligibility requirements (including minimum income, residential status and good credit history) and provide the necessary documents (such as your total superannuation balance, recent Centrelink statement etc), this should improve your chances of approval.

      I hope this has helped.

      Cheers,

      Sally

  6. Default Gravatar
    Maureen | September 2, 2016

    Is there a fee involved for paying your account by BPay?

    • Staff
      May | September 2, 2016

      Hi Maureen,

      Thanks for your question.

      No, Bankwest does not charge a fee when receiving payments through BPay.

      Cheers,
      May

  7. Default Gravatar
    mike | August 18, 2016

    what is the limit for purchase overseas using eftpos?
    can i preload with foreign currency?

    • Staff
      May | August 31, 2016

      Hi Mike,

      Thank you for your inquiry.

      Sorry for the delay. Since Bankwest Zero Platinum MasterCard is a credit card, you can use up to your card’s approved credit limit for your overseas and domestic purchases.

      Unfortunately, you may not be allowed to load foreign currencies on to this card.

      Cheers,
      May

  8. Default Gravatar
    Jem | August 6, 2016

    Is it possible to list the currency conversion spread in addition to the currency conversion fees? This is important information.

    • Staff
      May | August 8, 2016

      Hi Jem,

      Thanks for your comment and suggestion.

      Just to confirm, you’ve come through to finder.com.au we are an Australian financial comparison website and general information service, not actually Bankwest. We also do not represent any other banks/ credit card companies listed on our site.

      Whilst including the foreign currency conversion spread in our page is good, however, as the exchange rate changes daily and depending on the bank’s “FOREX bid and ask price,” that information may only be obtained straight from the bank. Customers, in general, may need to inquire with the bank directly in order to get the foreign currency conversion spread.

      Again, thank you and cheers,

      May

  9. Default Gravatar
    Fran | August 4, 2016

    I am going on a cruise and have paid using my platinum credit card. Where do I get a written policy from so I can know what I’m covered for?

    • Staff
      May | August 4, 2016

      Hi Fran,

      Thanks for your inquiry.

      I have sent to your email the link to the booklet in PDF format that outlines the full details of the Bankwest complimentary travel insurance policy.

      Cheers,
      May

  10. Default Gravatar
    Yao | July 24, 2016

    Hello, I’m a new customer using Bankwest. My salary is paid into Australian account and I’m in Singapore now. Want a Bankwest Zero Platinum MasterCard to withdrawal money, where should I get the card and which ATM in Singapore should I go without charging me any foreign transition fees?

    thank you

    • Staff
      May | July 28, 2016

      Hi Yao,

      Thanks for your inquiry. You have come through to finder.com.au we are an Australian financial comparison website and general information service and we do not represent any credit card company.

      Unfortunately, the Bankwest Zero Platinum MasterCard is available for Australians and permanent residents only. The same is true for all other credit cards that we feature on our site.

      I’m sorry, I couldn’t be of more help.

      May

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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