In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Bankwest More Platinum Mastercard

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Bankwest More Platinum Mastercard
Terms and conditions apply
Balance transfer rate for 6 months with 1% balance transfer fee
0% p.a.
Purchase rate
19.99% p.a.
Reward points per $ spent
2
Annual fee
$160 p.a.

Our verdict

Earn 2 points per $1 spent, 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.

Pros

  • Earn 2 points per $1 spent
  • 0% foreign transaction fees on online and overseas purchases.
  • Up to 3 additional cardholders at no extra cost
  • 0% p.a. for 6 months on balance transfers
  • Complimentary overseas travel insurance

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

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The Bankwest More Platinum Mastercard earns 2 rewards points per $1 spent on eligible purchases that can be redeemed for gift cards, experiences, travel, merchandise and more.

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. 19.99%
Interest-free period 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 N/A
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% or $4, whichever is greater
Overseas cash advance fee 3% 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 Bankwest More Platinum Mastercard customer. The balance transfer offer is only available if you don't already have a Bankwest More Mastercard account in your name. This includes Bankwest More Classic and World Mastercard accounts.
  • 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.

Card benefits

  • 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).
  • 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.

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).

Your reviews

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Amy Finder

Editor

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T P and PF Cross

December 13, 2022

How do I claim reward Points


Avatar

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?


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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 ?


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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?


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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.


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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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