Bankwest Zero Platinum MasterCard – Rates and Fees

Information verified correct on August 27th, 2016
Bankwest Zero Platinum MasterCard Find out more Go to site

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  • Once approved, you will typically receive your credit card within 1-2 weeks
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Save with no annual fee, complimentary travel insurance and a special low introductory balance transfer rate with the Bankwest Zero Platinum MasterCard.

The Bankwest Zero Platinum MasterCard offers cardholders a number of benefits. If you’re looking to save on credit card costs, the $0 annual fee, interest-free days and 9 months low balance transfer period could come in use. If you’re a frequent traveller, you’ll also 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.
Standard Balance Transfer Revert Rate (17.99% p.a.)
Balance Transfer Limit95% of available credit limit
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 do not 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$0
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.
  • No foreign transaction or overseas ATM withdrawal fees. Cardholders won’t be charged for foreign transactions or ATM withdrawals made overseas.
  • Complimentary travel insurance. If you spend at least $500 of your prepaid travel costs on your Bankwest credit card, you’ll receive automatic complimentary travel insurance through Allianz Insurance. If your spouse or dependent children are travelling with you and have met the eligibility requirements, they’ll also receive complimentary cover.
  • 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.
  • Interest rate. This card has a purchase rate of 17.99% p.a.
  • Cash advances. Cash advances, such as ATM withdrawals and gambling transactions, will immediately incur a 21.99% p.a. interest rate.
  • 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 insurance. 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 or other prepaid costs worth $500 on your card.
  • Free worldwide emergency card replacement. If you’ve lost your card, you can request an emergency card replacement without a cost. This will especially come in handy if you’re travelling with the card overseas.

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 secure online application. Before you apply though, make sure you’ve met the following eligibility requirements and have the necessary documents on hand.

Eligibility criteria checklist

  • A good credit rating
  • Be at least 18 years old
  • Cardholders must be permanent Australian residents

Necessary documents and information

  • Proof of income such as recent payslips and tax return
  • Proof of identity such as 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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823 Responses to Bankwest Zero Platinum MasterCard – Rates and Fees

  1. Default Gravatar
    Jem | August 6, 2016

    Is it possible to list the currency conversion spread in addition to the currency conversion fees? This is important information.

    • Staff
      May | August 8, 2016

      Hi Jem,

      Thanks for your comment and suggestion.

      Just to confirm, you’ve come through to finder.com.au we are an Australian financial comparison website and general information service, not actually Bankwest. We also do not represent any other banks/ credit card companies listed on our site.

      Whilst including the foreign currency conversion spread in our page is good, however, as the exchange rate changes daily and depending on the bank’s “FOREX bid and ask price,” that information may only be obtained straight from the bank. Customers, in general, may need to inquire with the bank directly in order to get the foreign currency conversion spread.

      Again, thank you and cheers,

      May

  2. Default Gravatar
    Fran | August 4, 2016

    I am going on a cruise and have paid using my platinum credit card. Where do I get a written policy from so I can know what I’m covered for?

    • Staff
      May | August 4, 2016

      Hi Fran,

      Thanks for your inquiry.

      I have sent to your email the link to the booklet in PDF format that outlines the full details of the Bankwest complimentary travel insurance policy.

      Cheers,
      May

  3. Default Gravatar
    Yao | July 24, 2016

    Hello, I’m a new customer using Bankwest. My salary is paid into Australian account and I’m in Singapore now. Want a Bankwest Zero Platinum MasterCard to withdrawal money, where should I get the card and which ATM in Singapore should I go without charging me any foreign transition fees?

    thank you

    • Staff
      May | July 28, 2016

      Hi Yao,

      Thanks for your inquiry. You have come through to finder.com.au we are an Australian financial comparison website and general information service and we do not represent any credit card company.

      Unfortunately, the Bankwest Zero Platinum MasterCard is available for Australians and permanent residents only. The same is true for all other credit cards that we feature on our site.

      I’m sorry, I couldn’t be of more help.

      May

  4. Default Gravatar
    Matt | July 22, 2016

    When this card says zero ATM fees does is imply there will be absolutely no charge for withdrawing money? or does the cash advance fee come into it?

    • Staff
      Anndy | July 28, 2016

      Hi Matt,

      Thanks for your question.

      While this card doesn’t charge ATM withdrawal fees, if you withdraw money as a cash advance, you’ll still pay cash advance fee which is greater of 2% or $4.00. Also, if you are withdrawing money from a non-Bankwest Bank, the third party ATM operator may also charge you for using their machine.

      Cheers,
      Anndy

  5. Default Gravatar
    Haq | July 9, 2016

    I’m looking to get a travel credit card. Couldn’t figure out which one to get. which one your recon, Bankwest zero platinum master card or latitude 28 degree platinum card?
    which card give best currency conversion rate?

    • Staff
      Anndy | July 10, 2016

      Hi Haq,

      Thanks for your question.

      Please note that finder.com.au is an online comparison service and is not in a position to recommend specific products to our users.

      I’ve checked Bankwest Zero Platinum MasterCard and 28 Degrees Platinum MasterCard
      and they both don’t charge currency conversion fees. However, they differ in many features such as purchase rate, complimentary travel insurance cover and minimum monthly repayment. You can compare these features to help you decide which card is more suitable for you.

      Cheers,
      Anndy

  6. Default Gravatar
    Fran | June 29, 2016

    What constitutes proof of income for retirees not on a pension?

    • Staff
      May | June 30, 2016

      Hi Fran,

      Thanks for your inquiry.

      Every bank or credit card issuer has their own set of eligibility requirements and that include a proof of income when it comes to applying for a credit card. For retirees, usually, the source of income will be from Centrelink payments or if you are a self-funded retiree, you’ll need to provide a copy of your superannuation statement or information regarding your assets.

      Cheers,
      May

  7. 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.mariano@hiveempire.com | 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

  8. 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

  9. 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

  10. Default Gravatar
    edith | June 10, 2016

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

    • Staff
      ysa.mariano@hiveempire.com | 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

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