Bankwest Zero MasterCard – Details & Application
The award-winning Bankwest Zero MasterCard offers customers the benefit of paying no annual fee as well as accessing the RewardMe instant rewards and discounts program.
Interest Rates, Fees & Charges
| Balance Transfer Rate |  |
4.99% p.a. for 12 months |
|---|---|---|
| Interest Rate on Purchases | |
1% p.a. for 6 months (reverts to 17.99% p.a.) |
| Annual Fee | |
$0 |
| Interest Free Period | |
up to 55 days |
| Cash Advance Rate | |
18.99% p.a. |
| Card Type | |
Standard |
| Minimum Income Requirement | |
$19,000 p.a. |
| Credit Card Type | |
MasterCard |
| Rewards Program | |
No |
Few credit cards offer a $0 annual fee, modest interest rate and 55 days interest free on purchases – the Zero ticks all three boxes.
- Limited Time Offer: 4.99% p.a. for 12 months
- $0 annual fee forever.
- 55 days interest free on purchases
- 1% p.a. for 6 months (reverts to 17.99% p.a.) on purchases.
- Up to 3 additional cardholders – free!
- 24/7 account access via Bankwest Online Banking
- Get online access to your account 24/7.
Bankwest Zero MasterCard Review
The Bankwest Zero MasterCard was awarded Money Magazine’s ‘Best Transactor Credit Card’ when compared to other credit cards available to Australians.
Bankwest Zero MasterCard offers you the flexibility and convenience of a credit card without the added cost of paying an annual fee. When you add the benefits of the RewardMe rewards program, you can benefit in several ways.
There are three types of Zero MasterCard you could qualify for: the Bankwest Zero Classic, Zero Gold or Zero Platinum card. All three have no annual fee charged to the account, but there are subtle differences between them that include extra travel insurance and accident insurance protection, as well as offering up to 12 months extended warranty on purchases made with your card.
Bankwest Zero MasterCard Balance Transfer
For a limited time, Bankwest will give you a special introductory rate of 4.99% p.a. for 12 months on balance transfer amounts. This means you could reduce the amount of interest you’re paying on your outstanding debts by simply rolling your balances over to a Bankwest Zero MasterCard. You’ll pay no annual fee and a great low rate that will really make it easier to reduce your debt quickly.
RewardMe Program
You’ll also be eligible to earn reward points when you use your credit card to make purchases. You can redeem your reward points for great consumer items, gift cards and other things that really make this card stand out from the crowd.
Bankwest Zero MasterCard – Application
Apply for your Bankwest Zero MasterCard online using Bankwest’s secure online application form and you could have your answer immediately.
Before you apply for your credit card, you will need to pass certain eligibility criteria. You’ll need to be over 18 at the time of application and you’ll need to be an Australian Citizen or permanent resident of Australia. You will also need to provide a valid Driver’s Licence number to verify your ID.
You will be asked to fill in your personal details, including address and contact details. Using the secure online application form, your information will always be kept safe, private and completely confidential.
As part of the application, you’ll also be asked to give your employer’s address and contact details, as well as enter an income amount that will need to be verified using pay slips or tax returns. If you’re self-employed, then you may need to enter your accountant’s contact details.
The application form will also ask you to fill in details about your assets, liabilities and expenses. When you’re done with the application form, you’re ready to submit.
Take a few moments to go back over your application to make sure you’ve entered the information correctly. This will speed up the approval process for you. Once you’ve submitted your application, you should receive your conditional approval in a minute or two.
With the release of this no annual fee credit card Bankwest really have outed themselves and launched into a new orbit. What I loved about this card are the features which all speak for themselves.
If you get approved for a Bankwest Zero MasterCard® you could also be eligible for even better deals with the Bankwest Zero Gold or Bankwest Zero Platinum MasterCards.
Extra features of the Bankwest Zero Gold MasterCard:
Bankwest Zero Gold MasterCard
The Bankwest Zero Platinum MasterCard offers everything the Zero Gold offers with more. Enjoy prestige service the Bankwest’s 24/7 concierge service to help you arrange travel, bookings, shopping and medical services.
- $0 annual fee
- 1% p.a. for 6 months (reverts to 17.99% p.a.) on purchases
- 4.99% p.a. for 12 months on balance transfers
- Cash Advance Rate of 18.99% p.a.
- 55 days interest free
- Minimum Income Requirement of $15,000 p.a.
- Comes with built-in airline travel and accident insurance protection, as well as automatic purchase protection on any goods you purchase
Read the Bankwest Zero Platinum MasterCard terms and conditions.
With the Gold version of the Bankwest Zero you will further benefit from:
- Built-in airline travel and accident insurance protection wherever you are in the world.
- Automatic purchase protection on any goods you buy.
- Up to 12 months extra warranty on top of usual manufacturers warranties.
- Zero annual fee gold card.
Extra features of the Bankwest Zero Platinum MasterCard:
As the top of the range Zero card from Bankwest, the Platinum version gives you the most bang for your buck. Besides the obvious no fee deal you’ll also benefit from:
- A 24/7 concierge service. Get help to arrange travel, bookings, shopping and medical services with a convenient toll free number 1800 038 298. It’s like having your very own secretary free of charge.
- Built-in airline travel and accident insurance protection wherever you are in the world.
- Automatic purchase protection on any goods you buy.
- Up to 12 months extra warranty on top of usual manufacturers warranties.
- Zero annual fee platinum card.
A deal is a deal with Bankwest Zero MasterCard credit cards!
Since you probably like the idea of using a fee free credit card with so many useful features the hardest decision to make is which of the three cards you want to apply for. Please read the disclosure statement of each card application before going ahead but generally speaking you should be able to use this powerful trio (or parts of it) if you have a regular income, a good credit standing and no massive credit card debt.
Read the official terms and conditions
| Minimum Income | $19,000 | Minimum Age | 18 years of age |
| Residency | Permanent Australian Resident | Credit Rating Requirement | Good |
| Min Credit Limit | Max Credit Limit |
| Annual Fee | Balance Transfer Fee | ||
| Minimum Repayment | 2% | Interest Charged From | Purchase Date |
| Late Payment Fee | $35 | Over Limit Fee | $30 |
| Overseas Emergency Replacement | $0 | Overseas ATM Balance check | $0 |
| Overseas ATM Withdrawal | $4 | Foreign Currency Conversion Fee | 2.95% |
If I get a Bankwest Zero MasterCard, can I log onto internet to view balance and transactions?
Can I get a credit limit of $8,000?
Please make sure the Bankwest Zero MasterCard can earn point. i checked the Bankwest website, it says the card can not earn point.
Thanks
Doug
Hi Doug
Thanks for your comment
You are correct – there is no rewards program as such, however, there are special offers and incentives through the Bankwest RewardMe program which offers instant discounts and savings when you make purchases with your Bankwest MasterCard.
Cheers
Jeremy
Are there any monthly fees or any other hidden fees
Hi Dinah
Thanks for your comment
Here is a sample of some of the other fees on the Bankwest Zero MasterCard (current as of 16/06/2011)
Foreign Transaction Fee: 2.95%
Cash Advance Fee: Greater of 2% or $4.00
Over the Limit Fee: $30
Late Payment Fee: $35
Dishonour Fee: $10
Any other fees and charges are outlined in the terms and conditions or the Bankwest credit card schedule of fees.
Cheers
Jeremy
reward me program, is it that I do not get a choice of what and when I can use my loyalty points, or is it like junk mail in the post, most of the time trees are killed for no reason because there is no info to compare what one rewards can be
Hi Tom
Thanks for your comment!
Yes you certainly get a choice of what you which offers you would like to go with.
It is more of a loyalty program. When you use your Bankwest MasterCard, you have the opportunity to receive discounts on things like travel, accommodation, gifts, dining and entertainment.
Cheers
Jeremy
Hi Tom
I just followed up with Bankwest regarding this request, and unfortunately the Bankwest RewardMe program is no longer available
Cheers
Jeremy
Hi
I am a UK citizen but live here and have been sponsored on a 457 visa for five years.
Would this mean I could qualify for the card or not?
Thank you
Hi Katie
Thanks for your comment
It is possible in some cases to get a credit card on a 457 Visa, however, you would not be able to apply through the online application for Bankwest.
With this query, it is best to organise an appointment with Bankwest at one of their branches, where you will need to present your 457 Visa for their review.
Cheers
Jeremy
Would my application & my details be processed in Australia or does it go off shore
Why have they left the minimum income blank? Why is there no information on the minimum income required?
Hi Margaret
Thanks for your question.
Your application would be processed here in Australia.
Cheers
Jeremy
Hi Jenny
Thanks for leaving a comment.
That’s a great pick-up. We can confirm the that minimum income for the Bankwest Zero MasterCard is $19,000 per annum.
Cheers
Jeremy
what are the ATM transaction fees thanks
Hi Joseph
Thanks for your question.
Cash withdrawals from an ATM will be charged at the cash advance interest rate
Cheers
Jeremy
Living in regional SA how do you pay for this account when it becomes due. Thank you.
Can I set up automatic payment before the due date from, say, ANZ bank a/c
Max Ferguson
Hi Max
Most credit cards have direct debit functionality. It is best to ensure that you pay the card off and in full to avoid interest charges
Cheers
Jeremy
Can I get Qantas Frequent Flyer points by using any one of these three cards. If not – do you offer any cards that can earn Qantas Frequent Flyer points with no annual fees
Does this card have international fees in USA? I am Australian travelling to America and would like to know the rate of using my card in America for purchases and cash advances?
So is there no foreign currency conversion fee?
Hi Christian
Thanks for your comment
There is a foreign transaction fee of 2.95% payable for each transaction occurring outside Australia, whether in foreign currency or Australian dollars.
Cheers
Jeremy
if i applied for this card to use for a balance transfer would this close my previous card with another institution as i want to keep this open as well as getting new card
If I apply for this credit card and get approval, how do I transfer funds from a different credit card over and if I was to close this credit card in the future once paid off, what is the process? Do I have to go into a branch or can it be done over the phone or online?
Hi Katie,
If you were to get approved for this card, to transfer funds across is a relatively simple procedure. It is possible to transferring the outstanding amount through the balance transfer option at a low rate of interest. Please have a look at our article on balance transfers if you have any questions – http://www.creditcardfinder.com.au/how-does-a-balance-transfer-help-save-money.html – Once the balance transfer is complete closing the account is an easy process and can be done over the phone or in person at a Bankwest branch. Thanks for the question, hope this helps.
Cheers
Jeremy
Hi,
Thanks for the question. You do have the option of keeping the account open once the balance transfer has been applied for and processed. Please contact your financial institution for further information. Cheers.
Jeremy