Bankwest Zero Platinum Mastercard – Rates and Fees

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Save with no annual fee, complimentary international credit card 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 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 complimentary insurance covers and no 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
Minimum Monthly Repayment2% or $20, whichever is greater
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
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% or $20, whichever is greater
Late Payment Fee$25
Over Limit Fee$0
Cash Advance FeeThe greater of 2% or $4
Overseas Cash Advance FeeThe greater of 2% or $4
Overseas Emergency Replacement$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
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 designed for frequent travelling, affordable balance transfers and frequent shopping. 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

  • No annual fee. Unlike most platinum cards, the Bankwest Zero Platinum Mastercard doesn't charge an annual fee.
  • 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.
  • 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.
  • 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 Android Pay. The Android 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 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 The greater of 2% or $4 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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865 Responses

  1. 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

  2. Default Gravatar
    watjudSeptember 1, 2017

    For travel insurance with this card is there any maximum age limit eg.70 years or over. Also is there any minimum spend to keep this card at $0.00 annual fee.

    • Staff
      JoanneSeptember 1, 2017Staff

      Hi watjud,

      Thanks for contacting finder.
      Bankwest has NO annual fee. Unlike most platinum cards, the Bankwest Zero Platinum Mastercard doesn’t charge an annual fee.

      For travel insurance, BankWest does offer a Comlimentary Travel Insurance and the explanation can be found on this link:
      https://www.finder.com.au/bankwest-zero-platinum-mastercard-details-application
      For a more comprehensive explanation regarding the age limit for travel insurance please click on the GO TO SITE button or contact BankWest directly at this num: 13 17 19

      Hope this helps,
      Joanne

  3. Default Gravatar
    LotteJuly 28, 2017

    Hi, at what age does the complimentary travel insurance stop? I am 65 years old now.

    • Staff
      RenchJuly 29, 2017Staff

      Hi Lotte,

      Thanks for your reaching out to us.

      There is no age limit to be covered by the Bankwest Complimentary travel insurance, but please note that limits apply to the pre-existing medical conditions. Please refer to this page for more information about the Bankwest Complimentary travel insurance.

      Cheers,
      Rench

  4. Default Gravatar
    GillJuly 21, 2017

    Does your travel insurance cover cancellation of overseas travel if we are unable to go after purchasing tickets?

    • Staff
      RenchJuly 22, 2017Staff

      Hi Gill,

      Thanks for your inquiry.

      Bankwest’s complimentary international credit card travel insurance also covers unexpected cancellation of travel plan. Travel agent’s cancellation fee is capped at the lesser of 15% the value of the fee or $1,000. The excess fee for this is $250.

      This benefit gives you cover if things out of your control send your travel plans into a spin. Natural disasters, political unrest and terrorism are some of the reasons flights and travel may be delayed. This benefit also provides compensation if your travelling companion becomes ill or dies.

      You can get more info on this page about Bankwest Credit Card Complimentary Insurance. Please contact Bankwest directly for further inquiry.

      Cheers,
      Rench

  5. Default Gravatar
    HughMay 12, 2017

    Does this card earn any frequent flyer points with Virgin Australia or any other carrier?

    • Staff
      HaroldMay 12, 2017Staff

      Hi Hugh,

      Thank you for your inquiry.

      Unfortunately, this card does not have a reward program and this does not earn any Frequent Flyer points.

      I hope this information has helped.

      Cheers,
      Harold

  6. Default Gravatar
    JohnApril 28, 2017

    I am interested in Bankwest Zero Platinum MasterCard for when i travel South America in July for 4 months. would you recommend this card? how does the $0 over seas ATM fee’s work? do i need to keep the card topped up for this?

    • Staff
      AnndyApril 30, 2017Staff

      Hi John,

      Thanks for your question.

      Kindly note that as a comparison website, we are unable to recommend specific products to our users.

      If you topped up your account and put your balance into credit, you won’t incur cash advance interest but the cash advance fee (greater of 2% or $4.00) still applies. Third party ATM operators may also charge you a fee for using their machine.

      You may want to check this page to compare other travel cards to South America.

      Cheers,
      Anndy

  7. Default Gravatar
    ChrisApril 13, 2017

    Can I apply for a Bankwest zero platinum card if I am retired?

    • Staff
      AnndyApril 13, 2017Staff

      Hi Chris,

      Thanks for your question.

      Yes, Bankwest considers retired applicants. As long as you meet the minimum income requirement and have a good credit rating, you are eligible to apply.

      You can also check this page to compare other credit card providers that consider retired applicants.

      Cheers,
      Anndy

  8. Default Gravatar
    GlennFebruary 15, 2017

    Hi I have 2 questions regarding this card
    1. If I have $5,000 credit in my account do I still incur a cash advance fee at ATM’s ?

    2. If I pay for overseas travel with my credit card through PayPal am I eligible for the complimentary Overseas insurance?

    • Staff
      MayFebruary 15, 2017Staff

      Hi Glenn,

      Thanks for your inquiry.

      1. If I have $5,000 credit in my account do I still incur a cash advance fee at ATM’s?
      Yes, a fee normally applies for the cash withdrawal (even your balance is in credit), although you will not be charged interest on the cash advance. You may also be charged standard ATM fees, depending on which ATM you use and whether you are in Australia or overseas.

      2. If I pay for overseas travel with my credit card through PayPal am I eligible for the complimentary Overseas insurance?
      As stated in the PDS, you would be eligible for the complimentary travel insurance attached to your eligible Bankwest credit card when:

      1. You are travelling to an overseas destination; and
      2. You purchase a return overseas travel ticket before leaving Australia; and
      3. You spend at least A$500 on your prepaid travel (i.e. the cardholder’s travel costs that you pay for before leaving Australia, which includes the cost of your return overseas travel ticket; and/or airport/ departure taxes; and/or your prepaid overseas accommodation/travel; and/or any other of their prepaid overseas itinerary items); and
      4. You pay these costs by one (or a combination) of the following methods:
      • by charging to your eligible credit card account; and/or
      • by redeeming your Bankwest More Rewards points (excluding any points redeemed for Frequent Flyer programs); and/or
      • by paying with redeemable travel agency flight vouchers that were obtained by converting their Bankwest More Rewards points.

      You may want to confirm with Allianz Global Assistance (AGA) directly if paying through Paypal would be considered.

      Cheers,
      May

  9. Default Gravatar
    DAVIDJanuary 29, 2017

    Can you explain the cover of the complimentary travel insurance for Bankwest card?

    • Staff
      JasonJanuary 29, 2017Staff

      Hi David,

      Thank you for your enquiry.

      Please check out this link for the details of Bankwest’s complimentary travel insurance for eligible Bankwest credit cards.

      Kind regards,
      Jason

  10. Default Gravatar
    JenniferJanuary 24, 2017

    If I purchase my return ticket on my Bankwest Platinum card before leaving Australia and the cost of the return ticket is over $500 do I need to spend an additional $500 on overseas travel or is just spending the $500 on the airfare enough to be eligible for the complimentary travel insurance.

    • Staff
      MayJanuary 24, 2017Staff

      Hi Jennifer,

      Thank you for your inquiry.

      You’re automatically eligible for the complimentary travel insurance attached to your Bankwest Platinum card if you meet the following criteria:

      1. You are travelling to an overseas destination.
      2. You purchase a return travel ticket before leaving Australia.
      3. You spend at least $500 of your prepaid travel expenses with an eligible Bankwest credit card. Prepaid expenses include flights, airport taxes, tour bookings, hotel and hostel bookings.

      So if you’ve used your Bankwest Platinum card to purchase your return ticket and have spent more than $500 for the airfare, then you have met the condition stated in item #3. If you need more information regarding complimentary travel insurance, please feel free to check this page.

      Cheers,
      May

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