Bankwest Zero Platinum MasterCard – Rates & Fees

Information verified correct on June 25th, 2016
Bankwest Zero Platinum MasterCard Find out more Go to site

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  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
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Enjoy no annual fee and a special low introductory balance transfer rate with the Bankwest Zero Platinum MasterCard.

The Bankwest Platinum MasterCard offers cardholders a number of benefits. If you’re looking to save on credit card costs, the $0 annual fee and 9 months low balance transfer period could come in use. If you’re a frequent traveller, you’ll benefit from complimentary travel insurances and no foreign transaction fees. Compare the features and fees of the card to determine if this is the right credit card 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.
Purchase Rate (17.99% p.a.)
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 dont 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%
Card TypeMasterCard
Late Payment Fee$25
Foreign Currency Conversion Fee (MC)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%
Late Payment Fee$25
Over Limit Fee$30
Cash Advance FeeGreater of 2% or $4.00
Overseas Cash Advance FeeGreater of 2% or $4.00
Overseas Emergency Replacement$2.90
Overseas ATM Balance check$0
Overseas ATM Withdrawal Fee$0
Foreign Currency Conversion Fee (MC)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 specially designed for frequent travelling, affordable balance transfers and frequent shopping. The international travel cover on the card covers you against baggage loss and delays, car hire emergencies and medical and hospital cover. Customers with the Platinum MasterCard benefit from waivers on online and overseas purchases together with other perks such as cash advances, accident, death or unemployment cover and other lucrative optional extras.

Benefits of the Bankwest Zero Platinum MasterCard

  • Interest-free days. You can take advantage of up to 55 interest-free days on purchases when you pay in full by your closing balance date. This can help give you time to reap the benefits of the card before incurring interest.
  • Annual fees. Unlike most platinum cards, the Bankwest Zero Platinum MasterCard doesn’t charge annual fees.
  • Overseas spending perks. Cardholders won’t be charged for foreign transactions or ATM withdrawals made overseas.
  • Optional credit card protection. You have the option of taking out Credit Card Protection with St. Andrew’s that will cover you in case 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.

Features of the Bankwest Zero Platinum MasterCard

  • Balance transfers. Repay your existing debt at a low balance transfer of 2.99% p.a. for up to 9 months. Keep in mind that you can only transfer balances from non-Bankwest cards.
  • Purchase security. 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.
  • Travel perks. This card offers you certain travel perks such as car hire insurance excess of up to $3,000, cover against delayed luggage of up to $12,000, medical and hospital cover while overseas and cover against lost, stolen or damaged luggage. International travel insurance on this card can also cover you and your family for up to 6 months if you purchase return tickets.
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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 application.

Eligibility criteria:

  • A good credit rating
  • Be at least 18 years old and a permanent Australian resident

You’ll need to provide the following documents to be approved for the card.

Required documents:

  • Proof of income
  • Your driver’s licence

If you’re looking for a credit card that will give you the freedom to travel and transfer your balance while also saving you money on annual fees, the Bankwest Zero Platinum MasterCard might be an option for you to consider. Make sure you see how the Bankwest card compares to others in its category by using comparison tables on finder.com.au so you can find the best card for you.

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809 Responses to Bankwest Zero Platinum MasterCard – Rates & Fees

  1. Default Gravatar
    Linda | June 22, 2016

    Does your card have any foreign transaction fees at all? I note that it has no currency conversion fees.

    • Staff
      Ysa | June 22, 2016

      Hi Linda,

      Thanks for your question.

      Please note that you have come through finder.com.au, an online comparison service does not represent any card issuer, such as Bankwest.

      However, we can confirm that there are no foreign transaction fees associated with the Bankwest Zero Platinum MasterCard. Therefore, you will not be charged for any purchases made using other currencies.

      I hope this helps.

      Cheers,
      Ysa

  2. Default Gravatar
    Isabel | June 10, 2016

    I am travelling to the United States on June 25th. If I apply for a card now will I have it in time for travel. Thanks.

    • Staff
      Anndy | June 13, 2016

      Hi Isabel,

      Thanks for your comment.

      For Bankwest Zero Platinum MasterCard, the application process just takes several minutes. Once approved, you will normally receive your credit card within 1 or 2 weeks.

      Cheers,
      Anndy

  3. Default Gravatar
    Coco | June 10, 2016

    Hi,

    I was just wondering what is the actual conversion rate for when you use the card overseas?

    • Staff
      May | June 10, 2016

      Hi Coco,

      Thanks for your question.

      The actual currency conversion rate depends on the FOREX rate on the transaction date. You may refer to the MasterCard Currency Conversion Tool I’ve sent to your email.

      Cheers,
      May

  4. Default Gravatar
    edith | June 10, 2016

    i am retired. what is the minimum income requirement to apply for the platinum master card

    • Staff
      Ysa | June 10, 2016

      Hi Edith,

      Thanks for your question.

      While there is no minimum income requirement for the Zero Platinum MasterCard, Bankwest still needs to assess the application as this will depend on the individual’s income, number of assets and liabilities and financial commitments.

      Please also note that for retired applicants, you’ll be required to supply proof of income to support the application.

      I hope this helps.

      Cheers,
      Ysa

  5. Default Gravatar
    Lorry | June 8, 2016

    Hey

    I will be making a large purchase of 15k over in Dubai, will this be a problem with this card? Happy to load it up into credit, will there be any fees that you know of? Also, can you send me the MC foreign exchange tool to me via email?

    Thanks

    • Staff
      May | June 9, 2016

      Hi Lorry,

      Thanks for your inquiry.

      There will be no problem even if you spend as much as 15,000 or over using your card so long that that amount will not exceed your credit limit to avoid credit card over limit fees.

      Meantime, if you will load your credit card with funds to make it in a positive balance and if you will just use your own money for cash advances and purchases, there will be no fees / interest charged to your account. Possible fees will be ATM withdrawal operator fees if you will use non-Bankwest ATMs.

      Please see your email where I sent the link to the MasterCard foreign exchange tool.

      I hope this helps.

      Cheers,
      May

  6. Default Gravatar
    Jennifer | June 3, 2016

    If this card is lost or stolen while I am overseas – what is the method of replacement, activation, and any charges?

    • Staff
      Anndy | June 3, 2016

      Hi Jennifer,

      Thanks for your question.

      In case of lost or stolen Bankwest Zero Platinum MasterCard overseas, you have to directly call Bankwest on the contact details I’ve sent in your email. After contacting them, they’ll talk you through what to do next, including putting a hold on your card and ordering a new card and PIN.

      I hope this helps.

      Cheers,
      Anndy

  7. Default Gravatar
    Donna | May 27, 2016

    Information about Zero Platinum MasterCard states that overseas cash advance fee is greater of 2% or $4.00, then it states that cardholders will not be charged for ATM withdrawals overseas. How do you withdraw with it not being a cash advance?

    • Staff
      May | May 31, 2016

      Hi Donna, thanks for your question!

      If you will take out “cash” from your credit limit, that will be considered as a cash advance. It is charged accordingly with $4 cash advance or 2% of the transaction amount you withdraw from ATMs. Cash advance interest also attracts. Other forms of cash advance that can be charged to your account also include paying a bill using a non-BPAY registered service, buying travellers cheques or foreign currency with your credit card, or using it at a casino.

      Meanwhile, if you will load your card with cash (while your card does not have any outstanding balance), this will make your account in positive balance or in credit. So if you withdraw you own money, you will not be charged with a CA fee and interest. Let say, you have a credit limit of $8,000 and you load $2,000 onto your card, you now have $10,000. So, if you withdraw the $2,000 from your account, you won’t be charged, in excess to that amount, an interest will automatically be charged.

      As for the ATM withdrawal fees, Bankwest does not charge you with ATM withdrawal fees but the overseas ATM operator where you’re withdrawing funds from may charge you with a fee.

      I hope this helps.

      Cheers,
      May

  8. Default Gravatar
    Ray | May 27, 2016

    Is there an interest-free period on cash advances? Do I commence paying interest on Cash Advances immediately, even if the account may be in Credit?

    • Staff
      May | May 31, 2016

      Hi Ray J,

      Thanks for your question.

      Unfortunately, there is no interest-free period on cash advances. The interest-free period is offered for balance transfers and purchases only. The fees and interests for CAs are usually charged immediately – right after you make the transaction – and this will reflect on your billing statement.

      If ever your account in is a positive balance or in credit, when you withdraw your own money, you won’t be charged with interest and CA fee. You’ll only be charged with ATM withdrawal fees if you’re withdrawing your money from non-Bankwest ATMs. Just be careful of not withdrawing funds from your credit limit as CA fees and interest will be charged immediately to your account.

      Cheers,
      May

  9. Default Gravatar
    Carol | May 23, 2016

    If I make a purchase from an international supplier where I am charged in a foreign currency – over the internet… so while I am in Australia, is there any foreign currency transaction fee charged by Bankwest.
    Thanks

    • Staff
      Anndy | May 23, 2016

      Hi Carol,

      Thanks for your question.

      Bankwest Zero Platinum MasterCard has $0 foreign transaction fee, making this card an attractive offer when travelling overseas or when purchasing from overseas websites.

      Cheers,
      Anndy

  10. Default Gravatar
    Kerrie | May 12, 2016

    Hi,

    What if there are no Bankwest ATM or branch overseas to take advantage of the overseas spending perks? Does this perk also apply to CBA overseas since Bankwest and CBA here can use each other with no withdrawal fees.

    Thank you

    • Staff
      Anndy | May 12, 2016

      Hi Kerrie,

      Thanks for your comment.

      When you are overseas, you should be able to use your Bankwest credit card wherever you see the MasterCard logo. That allows you to make hassle-free payments and access your funds from many locations. The same is true for CBA credit cards with MasterCard logo.

      Cheers,
      Anndy

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