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Balance transfer rate for 6 months with 1% balance transfer fee: 0% p.a.
Bonus points: 130,000
Purchase rate: 19.99% p.a.
Reward points per $ spent: 2

Our verdict

Earn up to 130,000 bonus Points, get covered with complimentary travel insurance and save with no foreign transaction fees.

The Bankwest More Platinum Mastercard is a rewards credit card that favours bigger spenders as well as travellers, with key features including 0% foreign transaction fees and complimentary overseas travel insurance. Right now, you'll get up to 130,000 bonus Points (which can be redeemed for up to $290 cashback) when you spend $5,000 on eligible purchases within the first 90 days and keep your card open for 15 months. This card also has a 0% balance transfer for 6 months, with a 1% balance transfer fee.

This card also earns 2 points per $1 spent on eligible purchases, which you can then redeem for gift cards, merchandise, cashback and other items available through the More Rewards program. If you’re looking to earn points to travel, keep in mind you can’t transfer points to frequent flyer programs. However, you could still redeem gift cards for flights, hotel stays or other related travel costs with your points.

Pros

Up to 130,000 bonus Points, redeemable for up to $290 cashback
0% foreign transaction fees on online and overseas purchases.
0% p.a. for 6 months on balance transfers

Cons

Relatively high annual fee of $160 p.a.
Has a one-time 1% balance transfer fee
More Rewards Points cannot be converted to frequent flyer

Details

Product details

Product Name	Bankwest More Platinum Mastercard
Balance transfer rate p.a.	0% for 6 months with 1% balance transfer fee, then 19.99%
Balance transfer limit	95% of available limit
Purchase rate p.a.	Purchase rate p.a.19.99%
Interest-free days	Up to 44 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

Rewards program	Bankwest More Rewards Program
Bonus points	130,000
Rewards points per $ spent	2
Rewards points cap	400,000

Fees

Annual fee	$160
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% of transaction value or $4, whichever is greater
Overseas cash advance fee	3% of transaction value or $4, whichever is greater
Overseas ATM withdrawal fee	$0
Additional cardholder fee	$0
Number of additional cardholders	3

How to apply

If you've compared your options and decided the Bankwest More Platinum Mastercard is a good fit, you can apply for it by filling out a secure online application form. Get started by making sure you meet the following eligibility requirements and have all your documents and details handy.

Eligibility criteria

New customer. To be eligible for the introductory offers, you must not have previously held a Bankwest More Mastercard in the last 24 months.
Eligible balance transfer debt. If you plan to take advantage of a balance transfer offer, you can transfer from $500 up to 95% of your available credit limit from non-Bankwest credit cards.

Residency. You must be an Australian citizen or permanent resident in order to apply online.
Age. You must be at least 18 years old to apply.

Required documents

Personal details. This includes your full name, date of birth, email address, residential address, contact number, marital status and number of dependents. You also need to provide valid forms of identification – including photo ID such as your driver's licence or passport.
Employment information. This covers your current job title, salary and your employer's contact information. You may also be asked to provide details on previous jobs, as well as recent payslips, bank statements or other documents that verify these details.
Financial details. This includes government payments, pensions and any other forms of income, as well as assets, savings, debts and existing cards or loans. You also need to estimate your share of regular household expenses, such as rent, mortgage payments, utility bills and groceries.
Balance transfer details. If you want to take advantage of the balance transfer offer on this card, you will need to provide details of the debt. This includes the total amount of money you want to move to your new card, as well as the account name, number and BSB.

Card benefits

Up to 130,000 bonus Points. Earn 90,000 bonus Points when you spend $5,000 on eligible purchases within the first 90 days and another 40,000 when you keep your account open for 15 months. The 130,000 Points can be redeemed for up to $290.
0% foreign transaction fee. If you're planning to use this card overseas or online with businesses that are based outside Australia, this card offers savings on every transaction with a 0% foreign currency conversion fee.

Bankwest More Rewards. This card offers 2 points for every $1 spent on your card, which you can redeem through Bankwest's More Rewards Program. To give you an idea of the potential value, a $100 Woolworths WISH eGift card would cost 45,000 points (according to details on the More Rewards website from 8 September 2023).
Complimentary overseas travel insurance. As of 9 December 2019, the Bankwest More Platinum card offers complimentary overseas travel insurance for up to 31 consecutive days through Cover-More. All you have to do to get the insurance is have the card open while you're travelling. If you meet the eligibility requirements, you'll be covered for overseas emergency medical & hospital expenses, baggage & personal goods, personal liability and accidental death with the option to upgrade for additional protection.
Complimentary insurance for shopping. This card offers complimentary purchase protection insurance, extended warranty cover and price guarantee cover for eligible items purchased with your Bankwest More Platinum Mastercard.
Balance transfer offer. When you sign up for this card, you can take advantage of an introductory offer of 0% p.a. on balance transfers for the first 6 months, with a 1% balance transfer fee. At the end of the introductory period, an interest rate of 19.99% p.a. will apply to any remaining balance transfer debt.
Digital wallets. This card can be linked to Apple Pay, Samsung Pay or Google Pay, so that you can make contactless payments from a compatible mobile phone or device.

Rates & fees

Annual fee. This card charges an annual fee of $160.
Interest rates. This card has an interest rate of 19.99% p.a. for purchases and 21.99% p.a. for cash advances. Cash advances are also charged a fee of 3% of the transaction amount or $4 (whichever is greater).

Interest-free days. Enjoy up to 44 days interest-free on purchases when you use your More Platinum Mastercard. Bankwest is a unique provider whereby you can still qualify for interest-free days on purchases if you carry a balance transfer debt.
Complete Home Loan Package. With this option, you can get the Bankwest More Platinum Mastercard, a complete variable or fixed home loan (or a split between both) and an offset transaction account packaged together for a $395 annual fee.

Sources

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Bankwest More Platinum Mastercard information PDF
2. Bankwest More Platinum Mastercard TMD

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Amy Finder

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T P and PF Cross

December 13, 2022

How do I claim reward Points

Ren Finder

December 13, 2022

Hi,

Good question.

Please refer to Clause 4 and 5 of the Bankwest More Rewards terms and conditions for guidance on how to earn points and what restrictions apply to your points. You can also refer to their frequently asked questions for additional readings on how More Rewards works.

I hope this helps.

Kind regards,

Ren

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Neil

November 06, 2017

can i change my existing Bankwest Mastercard to a Bankwest More Platinum Mastercard without proof of income?

Danielle

November 06, 2017

Hi Neil,

Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.

According to Bankwest’s representative, your current Bankwest card needs to have a limit of at least $6000 for them to be able to change the card. From there, all you need to do is contact them directly so that they can arrange it for you.

I hope this helps.

Cheers,

Danielle

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Shaun

September 09, 2017

Am I able to load money on these credits cards as well ?

Rench Finder

September 10, 2017

Hi Shaun,

Thanks for your inquiry. Please note that we are not affiliated with Bankwest or any company we feature on our site and so we can only offer you general advice.

Unfortunately, you cannot load/deposit money to these credit cards. Bankwest will only provide a credit limit that you can use upon your approval.

I suggest contacting Bankwest directly by clicking on the green ‘Go to Site’ button on this page.

Cheers,

Rench

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John

October 19, 2016

Can I get more details on the ‘complimentary travel insurance’ especially age limit and to what extent does it covers on health and emergency requirements expressed in terms of dollars. Does it covers international cruising?

Jason Finder

October 19, 2016

Hi John,

Thank you for your inquiry.

There is no age limit to be covered by Bankwest credit card complimentary travel insurance, although limits apply for pre-existing medical conditions.

Please feel free to check out more details about Bankwest Credit Card Complimentary Insurance through our website. Alternatively, you can also contact Allianz on 1800 785 918 for insurance coverage specifics.

Cheers,

Jason

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Jim

June 28, 2016

Can you please clarify the precise level of insurance coverage offered in respect of Rental cars. If purchase is made on the Platinum More card is the excess reduced to zero.

May Finder

July 01, 2016

Hi Jim,

Thanks for your question.

In the Bankwest Complimentary Credit Card Insurance PDS, though it does not state that if the purchase is made on the Bankwest More Platinum credit card the excess will reduce to zero, it rather outlines the following about the rental vehicle insurance excess:

– page 37. Limit of A$3,000 for Platinum MasterCards

– page 49. Allianz Global Assistance will reimburse you for any insurance excess or deductible which you become legally liable to pay in respect of a claim under the rental vehicle insurance during the rental period provided you met the conditions stated in the PDS.

For your reference, I’ve emailed you the PDS.

I hope this has helped.

Cheers,

May

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Amy is an experienced journalist with over 16 years of experience, contributing to major publications like Money Magazine, The Sydney Morning Herald, and ABC News Australia. Specialising in personal finance, she frequently appeared in media outlets and on radio. Amy holds a Bachelor of Arts in Journalism and Drama from Griffith University and earned RG146 certifications in Tier 1 Generic Knowledge and Tier 2 General Advice Deposit Products, ensuring her expertise is grounded in current financial regulations. Amy was Finder's Senior Writer for Credit Cards from 2016 to 2024. See full profile

Bankwest More Platinum Mastercard

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