Bankwest Zero Gold MasterCard – Rates and Fees

Information verified correct on October 26th, 2016

Save on credit card costs with a $0 annual fee, complimentary travel insurance, purchase cover and a competitive purchase rate with the Bankwest Zero Gold MasterCard.

Bankwest Zero Gold MasterCard comes with zero annual fee which helps to minimise the additional cost on the credit card. As well as no annual fee, this card also offers complimentary travel insurance for 3 months, purchase security cover and purchase price guarantee. If you’re looking to travel overseas, you can also benefit from no fees on ATM withdrawals and $0 emergency card replacement.

If you’re a regular jetsetter, you could benefit from the Platinum version of this card. As well as no annual fees, the Platinum card also waives the regular foreign transaction fee of 2.95% and travel insurance for 6 months.

Bankwest Zero Gold MasterCard review

This card provides a number of benefits to applicants looking for a $0 annual fee card. While these cards are typically associated with no-frills, this card offers a long list of benefits including complimentary travel insurance, purchase protection cover, free additional cardholders and a low purchase rate. Plus, with the competitive balance transfer offer, cardholders can transfer their balance for a low interest rate of 2.99% p.a. for 9 months. Cardholders looking for a rewards program are out of luck with this card though.

Benefits of Bankwest Zero Gold MasterCard

Some of the benefits you can expect from this card include:

  • Annual fee. You could stand to save with a card with no annual fees.
  • Credit card protection. You can opt for an additional cover called St Andrew’s Credit Card Protection. It protects the cardholder during unforeseen circumstances like accidents, illness and unemployment. If you were to pass away, the card also offers protection for your family if a heavy debt remains. The maximum limit of cover is $50,000. The premium is automatically calculated and deducted from the card.
  • Complimentary travel insurance. This card offers comprehensive complimentary travel insurance for 3 months. This includes unlimited medical and hospital cover. Loss/damage/theft cover up to $15,000, delayed baggage cover, and car hire insurance excess.
  • Purchase covers. There are a couple of covers which provide additional protection for goods purchased. This includes Purchase Security Cover, Purchase Extended Warranty, and Purchase Price Guarantee.
  • Overseas benefits. You can save on ATM withdrawal fees and balance checks when travelling overseas with this card. Plus, you can receive an emergency card replacement for free in the case that your card is lost, damaged or stolen.

Features of the Bankwest Zero Gold MasterCard

Some of the main features of this card are:

  • Interest-free days. Pay your balance in full and could take advantage of up to 55 interest-free days.
  • Balance transfer offer. This card comes with a balance transfer option which has an introductory rate of 2.99% p.a. for 9 months. After this, the interest rate reverts to standard balance transfer rate.
  • Interest rates. The purchase interest rate is 17.99% p.a. and the cash advances rate is 21.99% p.a.
  • Foreign transaction fee. The foreign transaction fee is 2.95%. It is waived for platinum cardholders.

How to apply for the Bankwest Zero Gold MasterCard

If this card meets your requirement, you can simply fill in your details on the secure online application form. But before that, make sure you meet the following eligibility requirements before applying.

Eligibility criteria

  • Age. Applicants must be at least 18 years of age.
  • Resident. This card is available for permanent Australian residents only.
  • Income. Applicants must have a permanent regular income.
  • No active credit card application. They should not have an active credit card application that has already been conditionally approved.

Make sure to have the following information on hand at the time of application.

Required documents

  • Contact information. Applicants must provide their contact information including email and residential address.
  • Identification proof. Any two of the following documents are needed as identification proof: Driver’s license, Medicare card, Australian birth certificate or passport.
  • Finances. Information about income, expenses, and assets must be provided.

Bankwest Zero Gold provides a number of benefits for the cost of no annual fee. While it lacks a rewards program, the complimentary travel insurance, purchase protection cover, and balance transfer offer are all features you could take advantage of. As this isn’t the only no annual fee card on the market though, you’ll need to compare your options to find the right card for you.

Frequently asked questions

I am a pensioner getting Centrelink payments. Will I be able to get this zero annual fee card?

Credit card firms generally require supplementary income other than the pension payments. You should contact Bankwest directly and discuss your financial situation to get a thorough answer.

What is the maximum credit limit I can get with this card?

The minimum credit limit on this card is $5,000. For higher limits you will need to specify your requirements in the form. The final credit limit is decided on the basis of your income and assets.

I am planning to go on an extended trip to Europe with my partner. Is this card suitable for me or do I need to go for a more premium card?

The choice of a card would depend on your expenses and the intended purpose for the card. This card provides complimentary travel insurance, zero overseas ATM usage fees and zero emergency card replacement fees which can be beneficial. However, if you are going for an extended trip you can consider Bankwest Zero Platinum Mastercard also. It also has zero annual fees but provides complimentary travel insurance for six months instead of three months with the Gold card. The foreign transaction fee is also waived which will cut costs. Plus, the platinum concierge service could come in handy when booking events, restaurants or during emergency situations.

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73 Responses to Bankwest Zero Gold MasterCard – Rates and Fees

  1. Default Gravatar
    Ana | August 4, 2016

    Do you have to purchase your ticket using the credit card to qualify for the free travel insurance?

    • Staff
      May | August 4, 2016

      Hi Ana,

      Thank you for your inquiry.

      To be automatically covered by the Bankwest complimentary travel insurance, you’ll need to purchase at least $500 of your pre-paid travel expenses using your eligible Bankwest credit card. Prepaid expenses include flights, airport taxes, tour bookings, hotel and hostel bookings. Please find more details about the Bankwest complimentary travel insurance on this page.

      I hope this has helped,


  2. Default Gravatar
    phuong | June 27, 2016

    I have credit card Moore, if I applied for my father who is over 80, will it cover for his international insurance?

    • Staff
      May | July 22, 2016

      Hi Phuong,

      Thanks for your inquiry.

      Sorry for the delayed reply. Just to confirm, you’ve come through to we are an Australian financial comparison website and general information service, not actually Bankwest.

      With the Bankwest Credit Card Complimentary Insurance, there is no age limit to be covered for the international travel insurance, however, Allianz does not cover you for any event that arises from, is related to or associated with a pre-existing medical condition.

      You can get the full details of the complimentary travel insurance from the PDS I sent to your email.


  3. Default Gravatar
    Rumenige | April 14, 2016

    I am working for an Airline company and buy tickets trough staff travel website so my question is am I still covered even though I don’t buy tickets through a travel agent?

    • Staff
      Anndy | April 14, 2016

      Hi Rumenige,

      Thanks for you question.

      You will be eligible for the international travel insurance coverage of Bankwest Zero Gold MasterCard, regardless where you book your ticket, as long as you meet the following criteria:
      1. You purchase a return overseas travel ticket before leaving Australia.
      2. Spend at least A$500 of your prepaid travel costs (includes cost of return overseas travel ticket, airport departure taxes, prepaid overseas accommodation and prepaid overseas itinerary items).
      3. Charge at least A$500 of your prepaid travel costs to your credit card and/ or; redeem your Bankwest More Rewards points; and/ or pay with redeemable travel agency flight vouchers obtained by converting your Bankwest More Rewards points.

      I hope this answers your question.


  4. Default Gravatar
    Shannon | January 5, 2016

    Is the travel insurance only good for tickets purchased with the credit card? I have already bought my flight ticket but am looking to get a credit card now and the travel insurance would be beneficial.


    • Staff
      Sally | January 5, 2016

      Hi Shannon,

      Thanks for your question.

      Yes, you can only access the complimentary travel insurance if you’ve used your card to cover at least $500 of the travel costs (per person covered by the insurance). A portion of this $500 must be used towards flights.

      So if you’ve already used another card to pay for your flights, you’ll be unable to take advantage of the complimentary insurance this time.

      I hope this has helped.



  5. Default Gravatar
    | December 8, 2014

    how do I stop pre-filling codes my pan number and security codes come up on there owen

    • Staff
      Elizabeth | December 8, 2014

      Hi John,

      Thanks for your question.

      To stop your PAN being pre-filled, simply deselect remember my PAN and you’ll be required to enter this information on subsequent logins on your online banking account.

      I hope this has helped.



  6. Default Gravatar
    Rita | October 30, 2014

    I currently have a number of accounts with Bankwest. I am looking to get a zero fee credit card along with a debit card.
    When I opened my Retirement Advantage account I declined the debit card offer however I now wish to avail myself of this offer as long as there are no fees attached to that account or card. My current CBA Credit Card has a limit of $17,000 – what limit can I apply for with a zero fee Bankwest Credit Card?

    • Staff
      Elizabeth | October 30, 2014

      Hi Rita,

      Thanks for your question.

      You’re able to request a specific credit limit when you apply, however the actual credit limit you’re approved for will be determined by your individual financial situation.

      I hope this has helped.



  7. Default Gravatar
    Franz | July 16, 2014

    I’m 65 years and receive the government age pension, would I be able to get the Bankwest Zero Gold MasterCard and have a second card for my wife?

    • Staff
      Shirley | July 16, 2014

      Hi Franz,

      Thanks for your question.

      You can’t rely on Centrelink payments solely. You will need a supplementary income as well to meet the minimum requirement.

      If approved, you can add your wife as an additional cardholder.


  8. Default Gravatar
    nick | February 3, 2014

    Hello,I work away and am thinking of getting myself a credit card for my meal and travel work expenses, so I can keep my home finances isolated from work. I would pay the balance monthly as the company reimburses me on a monthly basis fpr my expenditure. Which card or cards would best suit my needs? I would like to avoid an annual fee if possible and I don’t require cash advances.

    • Staff
      Marc | February 4, 2014

      Hi Nick,
      thanks for the question.

      Unfortunately I can’t give you personal advice regarding which specific credit card you should opt for. Generally speaking, paying off a credit card each month will see you avoid interest charges, but it may be more helpful to opt for a card with a high number of interest free days, as this will give you more time to pay off your balance each month. There are many cards available without annual fees, which you can find here.

      I hope this helps,

  9. Default Gravatar
    Bec | December 27, 2013

    Hi – I am looking for a debit card my husband & I can both use when he is in Indonesia for extended periods. He needs to be able to access the account while trying not to incur the foreign exchange rate and currency conversion fees.
    Do you know which would best suit this situation?
    Thanks, Bec

  10. Default Gravatar
    Ken | October 23, 2013

    What do I have to be earning to get a $5000 credit limit? Also where can I pay my monthly account.

    • Staff
      Jacob | October 23, 2013

      Hi Ken.

      Thanks for your question.

      You can elect to receive a specific credit limit, but your credit limit will be decided by the bank. We do not know what you have to earn to get a specific credit limit as there are other factors like expenses, other credit cards / liabilities that factor into this decision.

      You can pay your Bankwest credit card the following ways:

      Online through Bankwest Online banking, by direct payment from a transaction or savings account, BPAY from another online banking facility, by cheque or you can pay your card bill in person at a Bankwest branch or Australia Post.

      I hope this helps.

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