Bankwest Zero Platinum MasterCard – Rates and Fees

Information verified correct on January 25th, 2017
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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 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
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% or $20, whichever is greater
Late Payment Fee$25
Over Limit Fee$0
Cash Advance FeeThe greater of 2% or $4.00
Overseas Cash Advance FeeThe greater of 2% or $4.00
Overseas Emergency Replacement$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 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 annual fee for life. It has a standard variable purchase rate of and offers up to 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 on balance transfers for the first months. After that, any remaining balance will attract interest at the standard variable balance transfer rate of 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 .
  • Complimentary international credit card travel insurance. Purchase your return travel tickets using the Bankwest Breeze 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. 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 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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847 Responses to Bankwest Zero Platinum MasterCard – Rates and Fees

    Default Gravatar
    Jennifer | January 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
      May | January 24, 2017

      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

    Default Gravatar
    Jennifer | January 24, 2017

    How do I apply for Pre-existing Medical condition online, I have a Bankwest Zero Platinum card and I am wanting to use the complimentary Travel insurance.

      Staff
      May | January 24, 2017

      Hi Jennifer,

      Thanks for your question.

      The pre-existing medical conditions are not covered by the Bankwest credit card complimentary travel insurance, but you can contact Allianz Global Assistance so you can apply to add them to your policy. AGA’s phone number is listed on this page under ‘How do I make a claim?’ section.

      Cheers,
      May

    Default Gravatar
    Summerneety | January 12, 2017

    Does this card give Qantas Frequent Flyer Points?

      Staff
      Jason | January 12, 2017

      Hi Summerneety,

      Thank you for your enquiry.

      This card does not have a reward program and this does not earn Qantas Frequent Flyer points.

      Kind regards,
      Jason

    Default Gravatar
    | December 12, 2016

    Is there an upper age limit to the travel insurance cover?

      Staff
      May | December 13, 2016

      Hi George,

      Thank you for your question.

      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,
      May

    Default Gravatar
    Andrew | December 9, 2016

    The Bankwest zero platinum card says the overseas cash advance fee is 2% or $4, whichever is greater. If I have prepaid into the card, and still have a credit balance on the card after the withdrawal, what would I be charged for a cash withdrawal overseas?

      Staff
      May | December 9, 2016

      Hi Andrew,

      Thank you for your question.

      Even though you have a positive balance/credit on your Bankwest Zero Platinum MasterCard, you will still be charged cash advance fee of 2% or $4, whichever is greater when withdrawing cash overseas. However, Bankwest will not charge you the cash advance interest rate.

      Cheers,
      May

    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

    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

    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

    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

    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

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