Bankwest Zero Platinum MasterCard – Details & Application
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The Bankwest Zero Platinum MasterCard offers everything the Zero Gold offers with more.
The award winning Bankwest Zero Platinum credit card is a $0 annual fee credit card with great interest rates to boost.
Current Offer:- Receive a low interest rate of 0% p.a. for 9 months on balance transfers, combined with $0 annual fee.
| Product Name | Bankwest Zero Platinum MasterCard | |
|---|---|---|
| Balance Transfer Rate | 0% p.a. for 9 months | |
| Interest Rate on Purchases | 17.99% p.a. | |
| Annual Fee | $0 p.a. | |
| Interest Free Period | up to 55 days | |
| Interest Rate on Cash Advances | 21.99% p.a. | |
| Minimum 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 Repayment | 2% | |
| Credit Card Type | MasterCard | |
| Late Payment Fee | $25 | |
| Complimentary Travel Insurance | Yes | |
| Available to Temporary Residents | No | |
| Joint Application | No |
You also get a 0% p.a. for 9 months on balance transfers from non-Bankwest credit card balances.
Enjoy prestige service the Bankwest’s 24/7 concierge service to help you arrange travel, bookings, shopping and medical services.
Features of the Bankwest Zero Platinum MasterCard include:
- 0% p.a. for 9 months on balance transfers
- $0 p.a. annual fee forever.
- 55 days interest free on purchases
- 17.99% p.a. on purchases
- Receive built-in airline travel and accident insurance protection wherever you are in the world.
- Automatic purchase protection
- foreign transaction fees for online and overseas purchases
- 12 month warranty extension when you purchase a good which comes with an Australian warranty with your Zero Platinum MasterCard and 24/7 concierge service to help you arrange travel, bookings, shopping and medical services.
- Up to 3 additional cardholders – free!
- 24/7 account access via Bankwest Online Banking
- Be covered with the automatic purchase protection on any goods you buy.
Bankwest Zero Platinum Review
If you always wanted a platinum credit card because of its features and benefits then you should take a look at the Bankwest Zero Platinum. Streamlined charges, great deals and a smooth application process are only the beginning.
A Bankwest Zero Platinum is an option if you are tired of feeling overwhelmed by complicated fees and interest rates on your credit card statement. All too often people get into trouble with credit card debt because they do not realize that different interest rates apply to different types of transactions.
Many credit cards charge an annual fee that can be $50 or more per year just for owning the card. Thankfully at Bankwest these charges have been streamlined to make it easier on consumers record keeping and on their wallets.
Bankwest Zero Platinum Streamlined Services:
- One step application process – To apply for a Bankwest Zero Platinum card all you have to do is to click through to their website and complete the online application. They determine which cards you qualify for and then let you choose the card that works best. The entire process is done quickly and efficiently online.
- No annual fees – Not just for the first year, not just when you spend a specified amount annually, no annual fee ever. If you figure out how much you spend in annual fees, lets say the average is $49 per year on another card, over ten years that is a $490 savings.
In addition to all of the things listed above the Bankwest Zero Platinum card has an introductory offer that gives you a 0% p.a. for 9 months on balance transfers. The low rate and the long term of this deal gives you the chance to get out from under other expensive credit card debt. It is just one more way that you will save money and time with this credit card. Easy to apply for and big savings, this is the card that can really make a difference in your finances.
Read the Bankwest Zero Platinum MasterCard terms and conditions.
| Minimum Age | 18 years of age | |
|---|---|---|
| Available to Temporary Residents | No | |
| Credit Rating Requirement | 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 Repayment | 2% | |
| Late Payment Fee | $25 | |
| Over Limit Fee | $30 | |
| Overseas Emergency Replacement | $2.90 | |
| Overseas ATM Balance check | $5 | |
| Overseas ATM Withdrawal | $5 | |
| Gambling Transactions Allowed | No | |
| Additional Cardholder Fee | $0 | |
| Number of Additional Cardholders | 3 |
Pros
- Awarded 'Credit Card Issuer of the Year' in Money Magazine's Awards for 2012.
- Benefit from 3 free additional cardholders.
- $ foreign exchange fees 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.
Read the Bankwest Zero Platinum MasterCard terms and conditions.
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Hello
What is the maximum credit limit transfer?
Thanks for your question Tim. If you’re looking to transfer a balance, the maximum you can transfer is determined by your credit limit. Lenders will allow you to transfer up to a percentage of your credit limit. Please check this page for maximum balance transfer amounts. Jacob.
I’m holding 457 working visa. Can I apply for this card?
Thanks.
Hi Eddie. Thanks for your question. Please see this page for information about credit cards for temporary residents. Hope this helps. Jacob.
What is the overseas transaction fee for the MasterCard Platinum More card?
Hi Paul. Thanks for your question. The Bankwest Platinum range of cards do not change a cross currency conversion fee. Jacob.
Hi, I have researched and this card looks good as “just in case” credit card to take with me to Europe (I bank with Bankwest already). I am now currently looking at travel insurance, do you have any thoughts on the insurance that is supplied with this card? Also do you think MasterCard is fine rather than Visa?
Thanks, love you site :)
Hi Debbie. Thanks for your question. The insurance policy offered with this card is similar to a number of policies offered by different card providers. There are differences in the size of the initial spend required to activate the policy. For instance, some providers require that you spend more than $500 on tickets and pre-paid travel expenses, while other providers require that you put the full cost of the return ticket on the card. There are small differences between Visa and MasterCard, but these differences are small. Both card schemes are accepted in a similar number of places, merchant acceptance costs are comparable and both card schemes offer exclusive offers and rewards to their cardholders.
I’ve sent a copy of the policy document to your email. Please let me know if there’s anything else you would like to know. Jacob.
Hi, I was just wondering what the interest rate on balance transfers reverts to after the 9 months?
Hi Renee. Thanks for the question. Please see this page for information about balance transfer revert rates. Jacob.
Is the balance transfer only available on application or can I do a balance transfer after getting the card?
Hi Annabel. Thanks for your question. You can elect to carry out a balance transfer after you’ve applied for the card, but the promotional balance transfer period will start when the card is activated. So say you have a six month balance transfer offer, and you wait three months after applying for the card to request a balance transfer, you will only get the promotional rate for the next three months. Jacob.
Hi. My annual income is $45,900. What credit limit can I apply for? Please advise.
Kind Regards.
Kashif.
Hi Kashif. Thanks for your question. Please check the minimum income requirement on the review page for information about the minimum income requirement and minimum credit limits for this card. You may want to consider a low rate credit card as they have lower minimum income requirements. Jacob.
Is the minimum income of $65,000.00 required to apply for a BankWest Zero Platinum Credit card mean gross pay or taxable income?
Hi Patrick. Your before tax income will be used to assess your card application. Thanks.
1) When does the 0% interest free on balance transfers and no annual fees offer expire?
2) How long does it take to get response on application?
Mike
Hi Mike. Thanks for your questions:
1) This is a limited time offer and we don’t know when it’s going to finish. Please keep checking the website to find out when it’s going to end. There will be an end date listed in the picture when we know.
2) Once you complete the application, you’ll get a response very quickly afterwards – usually within a minute. Your application will either be accepted, declined or conditionally approved. Here’s some information on how to check on your credit card application if you don’t get a response from the lender once you’ve completed the application.
Let us know if there’s anything else you would like to know.
Jacob.
Hi can you please send me the terms and conditions regarding the complimentary travel insurance.
HI Karl. No problems. Thanks.
Hi Jeremy,
1, Could you tell what is the Maximum amount you can balance transfer to this card.
2, Once you have paid the amount off can you transfer another amount for the same term
3, Can you balance transfer from a couple of different banks at the same time.
Cheers
Janette
Hi Janette.
1) Check out this page for maximum balance transfer amounts.
2) When you apply for a card, and it has a balance transfer promotion for 6 months for instance, the promotional balance transfer period starts rom when the card is activated. You can transfer a balance any time to your card, but using the above, if you transfer three months after you activate the card on a 6 month BT offer, you’ll only have three months left on the promotion. Please check the product table for the current rates and features.
3) You can transfer from up to 10 non-Bankwest store, charge and credit cards. Up to 95% of your approved credit limit on your new card if you’re approved.
Thanks for your question. Jacob.
When does the bank west credit card offer expire? – The 0% on balance transfers for 9 months and $0 annual card fee. I need to transfer my balance in August. Will the offer still be available? Thanks
Hi Jessica. Thanks for your question. This is a limited time offer – please keep checking back to see when this offer will end. According to Bankwest however, they may transfer the balance of a credit card, requested by you, at any time: ‘You may at any time request us, and we may agree, to transfer any debit balance of a credit card, store card or charge card account held with another Australian financial institution by you or an Additional Cardholder to the card account’ – so you can apply for this card now and transfer a balance (up to 95% of your approved credit limit) later on. An important consideration though. If you apply for a credit card and the balance transfer offer is six months for instance, and you wait too months, you will only have four months at the balance transfer promotional rate. Let me know if this makes sense. Jacob.
I plan to use this card in Indonesia and pay for our accommodation over the counter when I get there. Taking into consideration that I will be using my own money pre-loaded on the card. It looks like to me there is no international charges using this card, and travel insurance is coveted is that right?
Hi Wendy. Thanks for your question. If you’re using your own money pre-loaded on to this card, you will not incur the applicable rate of interest when you use your card, and you won’t incur cash advance fees if you take money from an ATM. This card does not charge a cross currency conversion fee. Please keep in mind that the exchange rate is set by the card scheme and the card provider. They apply a margin to the interbank rate (the exchange rate you hear on the news). This card does include complimentary international travel insurance as an included benefit, however, you will have to pay for the return ticket on your card to be covered. Let me know if you need more information. Jacob.
If I was to apply and my husband was nominated as an additional cardholder would he be covered for travel insurance also.
Also related to travel insurance
* What needs to purchased throughout your trip on the card for you to be covered
* What are the excesses on each item that is covered
* What is the 24 hour assistance number
* What is the policy number
* Are both travellers covered on the card
* Will they amend the trip for a family member, which members will they cover
Thanking you
Hi Ann. Thanks for your question. Both dependent children and your spouse are covered under this insurance policy provided that the return tickets have been purchased with the card and they are travelling with you for the entire length of the return journey. Excesses can be found in the policy document, which I’ve sent to your email, assistance numbers can also be found in this document, if you contact Zurich (policy underwriter) they can provide your policy number. I don’t believe these policies can be altered to cover a family member, you can include a pre-existing medical condition within the policy, however, if you wish to cover another family member, you may need to take out a separate policy. Please see your email for more information. Jacob.
Do you get free travel insurance if you do not pay for your airfares with your Bankwest Zero MasterCard?
Hi Brett. Thanks for your question. According to the Bankwest International Travel Insurance policy document, ‘International travel insurance is a benefit available to Bankwest cardholders who, by use of the cardholder’s eligible credit card account, purchased their return overseas
travel tickets prior to leaving Australia. It is also available to the cardholder’s spouse and the cardholder’s dependent children (but not children born on the journey), who travel with the cardholder for the entire journey, provided their return overseas travel tickets were also obtained by use of
the cardholder’s eligible credit card account. The cover is available for a period of 3 consecutive months (6 consecutive months for Platinum cardholders) and can not be extended.’ I’ve sent the policy document to you, so please check your email for further information about this insurance policy. Jacob.
what is the maximum amount of a balance transfer that can be applied for?
Hi Kerran. Thanks for your question. Check this page for an answer. Jacob.
Could you tell me if on the Zero bank west credit card if they will balance transfer from a couple of different banks and consolidate these amounts into one of there 9mth zero interest cards, if so what is the maximum that they will transfer. Also if this amount in paid within the first nine months will they allow another transfer after the nine months to this card
Regards
Janette
Hi Janette. Great question. Check this page for maximum balance transfer amounts. Bankwest will let you transfer from up to three credit cards. If you’ve paid off the account, you can transfer again to the card under the promotion if the offer is still available on your card. Jacob.
Hi
Can I transfer balance to a card from a loan account?
Hi Kate. It depends what the loan account is. Citibank and Virgin will allow you to transfer from a line of credit or a personal loan to a credit card. Jacob.
Hi,
Just wondering when this offer ends?
Hi Natalie. Thanks for your question. There is currently no set end date for this offer; however, it can change in a matter of days. Please keep checking back if you’re interested in applying for this card in the future. We will post the offer end date in the card image on the review page when we know when this offer will end. Jacob.
I have a citibank ready credit card and I wish to change. The card is my sons but its under my name. If I change I would like it to be under his name is this possible?
Hi Rose. Thanks for your question. He will have to apply for the card in his own name. He will be assessed as an applicant by the lender. If you wish to change accounts, you can transfer the balance (if you owe money on the card) to another credit card, and then close the account, or you can pay the account out and close the card. Jacob.
If I apply today, how long it would take to balance transfer from my other credit card?
Hi Krunai. Thanks for your question. If you apply for the card today, and you’re accepted today, allow up to two weeks before you get your card (although it can be more like 7 business days). After you get your card you have to activate it, which can be done over the phone. After that, allow up to one more week for the balance transfer to be processed (although this can be as little as two business days). Jacob.
I note that the income required is $65,00, is that a single or combined income.
Hi Hazel. Thanks for your question. The minimum income requirement is for a single income as Bankwest do not allow joint primary income credit card holders. Please check this page for a list of institutions that do. Jacob.
I currently hold a Bankwest Zero Platinum MC. It has zero balance and a credit limit of $13,000. Can I request for a balance transfer using this special 0% for 9 months? If so, please advise what/who to call. Thank you.
Hi Rachel. Thanks for your question. Please watch this video for basic information about balance transfers and this video on what to do afterwards. Balance transfers generally are applied for when you apply for a card and the promotional rate is available to customers who are bringing a balance from a credit card, charge card or store card not related to the institution you’re transferring to. Let me know if you have any further questions. Jacob.
Can I transfer my wife’s credit card debt with Anz to a Bank West card held in my name and obtain the 0% finance for 9 months on this balance transfer?
I will be new customer.
Andrew
Hi Andrew. Great question. Please check this page for list of providers who let you do this. Jacob.
Hi,
Once the balance transfer period ends and you still have money left from the balance transfer, does the interest rate revert to Purchases Interest Rate or Cash Advances Rate?
Hi Phil. Thanks for your question. Please see this page for an answer to your question. Jacob.
I have a bankwest light mastercard now .I want a credit card without a yearly fee. I am interested in the Zero Platinum MasterCard. Can I change to this one?
Hi Mary. Thanks for your question. You can do this by opening the new account and closing the old card once you’ve been approved. You may be able to contact Bankwest to see if they can offer you a deal for existing customers; however, I’m not aware of any such offers. Jacob.
Can I balance transfer from a Commonwealth Mastercard. I understand that Bankwest is wholly owned by Commonwealth Bank, so are they considered to be separate institutions for the purposes of 0% interest on balance transfer,?
Hi Stephen. Thanks for your question. Yes, you’re right. For the purposes of the promotional balance transfer offer, these two institutions are considered to be separate and you can transfer a balance between them. This page may be of interest to you. Jacob.
I am thinking of transferring my credit card balance of approx $8100 to MasterCard Bank West Platinum card. I do not intend to put anything on this credit card I just want it so I can pay off the principal of my debt without having most of my payment go to interest. If I do not finish paying off the balance transferred by the 9 months am I able to transfer this out of the account without incurring any additional fees or can I transfer the balance onto another Bank west credit card?? I just want to get it paid off and stop paying the interest on it and then cut it up!!!!
Hi Sharon. Thanks for your question. You’re free to transfer out of the account at the end of the balance transfer promotional period to another card with a balance transfer promotion, provided that it’s not another Bankwest credit card. There are no fees for doing this other than the annual fee on the new card you’re transferring to (if applicable). For some general information about balance transfers, check this video. To find out what to do after a balance transfer, check this video. Jacob.
Can I do a balance transfer from a Westpac Mastercard to this card? (This is also a Mastercard)
thanks.
Hi James. Thanks for your question. Yes, you can transfer a balance between these two cards. You can’t transfer a balance from a Bankwest card to a Bankwest Card, however, you can do this if the institutions are not related. You can transfer between two Visa cards offered by different institutions as with MasterCard. Check this video for information on how a balance transfer works, and this video for information on what you need to do once you have carried out a balance transfer. Let me know if you need more information about this topic. Jacob.
Hi, I am new to Perth and am looking at transferring all of my banking to Bankwest.
In regards to the minimum income being $65,000… My “salary” is $56,500, however 50% of my income is tax tree, so technically I’m earning more than $65,000… am I eligible?
Hi Sam. Thanks for your question. If you want to apply for this card, you can list your income and assets etc. in the appropriate fields – you may be asked to verify this after the application by sending in income documents or payslips – you may have better luck speaking to a Bankwest rep directly and explaining your situation to them. Jacob.
Hi,
Does the 0% interest on balance transfers for 9 months begin from receiving the credit card or from transferring balance? Could I get the card, wait three months before transferring balance and still receive 9 months at 0%?
Thanks!
Hi Baz. Thanks for your question. Check this video – it deals with what you need to do when you carry out a balance transfer, including when the promotional period begins. Basically, the promotional period starts when you first activate the card. You can apply for a balance transfer at any time with a Bankwest Credit Card; however, you may not receive the promotional rate that is advertised on this site – you will need to check with a Bankwest representative to confirm the offer before doing this. Jacob.
Hi
Two questions:
1. I am on a 64k package excluding super and i also get an additional payment of 160$ every fortnight. Am I eligible to apply for this credit card?
2. Say I got the credit card approved today 29/04/13, and I apply for a balance transfer on 29/05/13. Will it still have 9 months interest free starting from 29/05/13 or will it start from when my card is first issued (29/04/13)?
Thanks in advance for replying
Ricky
Hi Ricky. Please refer to the application requirements at the bottom of the card’s review and application page for the minimum eligibility requirements. Your total annual income is used to assess your eligibility – this includes all forms legitimate income. The balance transfer period will begin with the card is activated. Jacob.
Hi,
Is it possible to transfer balances from a personal loan to this card?
Hi Chloe. Thanks for your question. Citibank allow you to do this.
Interest rate on purchases of 17.99%. What does that mean?
Regards
Rudi
Hi Rudi. Thanks for the question. This refers to the interest you will be charged when you make a purchase using this card. For information on credit card basics, please check this page. Jacob.
Can i transfer balances from 3 separate credit cards?
Hi Glen. I sent an answer through earlier. In case you missed it, here it is again, “Yes, you can transfer from up to three credit cards, provided that the total amount you wish to transfer is up to 95% of your approved credit limit on your Bankwest credit card. Please see this page for information about maximum balance transfer amounts. Jacob.”
Hi Jacob,
Few questions:
1. it says limited time for the 0%9mth offer, do you know when is the end time for the offer?
2. what is the maximum ratio of the credit limit for balance transfer?
3. Is there a balance transfer handling fee? There used to be about 2% extra handling fee for Bankwest Balance transfer, not sure whether it is applied for this 0% promotional offer.
3. One previous reply is : The promotional period begins when you activate the credit card. But the terms on Bankwest says: Introductory rate on purchases and balance transfers takes effect from the date the card is opened regardless of when any purchase transaction or balance transfer is processed by us. It appears the 9 mths starts from card issue date not activation date nor balance transfer transaction date, right?
By the way, the 0%9mth 0annul fee seems not just platinum but also to classic and gold, which may have less income requirement, right?
Thanks a lot for your time.
Hi Adam. Here we go.
1)
There is no end date set, but these offers change from time to time, sometimes with little notice and sometimes we post the offer end date on the review and application page. As this is an exclusive offer between CreditCardFinder and Bankwest, we don’t know when it will end – it’s up to Bankwest. Update: this offer is now expired and no longer available2) 95% from up to three credit cards – for more information on this – see this page.
3) this fee has been removed. Currently, no providers on our site charge a balance transfer processing fee.
4) Correct, the terms and conditions does say, ‘Introductory rate on balance transfers is available to new credit card customers only. Introductory rate of 0% p.a. on balance transfers for 6 months applies from the date the card is opened regardless of when any balance transfer or purchase is processed by us’; however, opened = activated – same thing. They say this because there is a delay in processing a balance transfer. When you activate the card, the new bank sends a request to your old bank asking them to transfer the funds and a transaction between banks takes place. Typically, this takes a few days, but it can take longer. The terms and conditions say that the balance transfer promotional period begins from when the card is activated (opened) to let people know that their special rate has started and that it does not begin from when they balance transfer amount appears in your account.
5) Yes, the $0 annual fee applies to all Bankwest Zero MasterCards – and the lower tier cards have lower annual income requirements. You can compare these cards here.
P.S – this video may help you. It deals with what you have to do after you request a balance transfer.
Adam. I hope this has helped. Please let me know if there’s anything else you would like to know.
Jacob.
Hi Jacob,
Thanks a lot for your detailed replies. Very helpful info.
The link of the BT ratio is very handy too, thanks. Can’t help noticing the ANZ one: 95% of the approved credit limit or $30,000 whichever is lower. Just for your information, not long ago, ANZ help desk told me there is only 95% threshold depending on limit granted and there is no any amount ceiling. So are you sure there is a ceiling of 30K or it is just product specific? Thanks.
Hi Adam. Thanks for pointing this out to me. You’re right – it’s 95% with no ceiling. I’d like to say thanks for this. Check your email for more information. Jacob.
Hello, just wandering if you could please pass on your phone number to call you for an application. Thanks
Hi Glen. Thanks for your question. We are not associated with various lenders so we can’t provide with the means to apply for a card over the phone. You can however, apply for a credit card through our site. Please contact the lender directly if you wish to apply over the phone. Jacob.
CAn you answer my question please. Is it possible to merge three accounts into this one credit card?
Hi Glenn. Yes, you can transfer from up to three credit cards, provided that the total amount you wish to transfer is up to 95% of your approved credit limit on your Bankwest credit card. Please see this page for information about maximum balance transfer amounts. Jacob.
is there a fee for cash withdrawals overseas at atms.
Hi Karen. Yes, you will be charged a fee when you do this. Please refer to the fees and charges table at the bottom of the review and application page for more information. Jacob.
I would like to avail myself of your balance transfer offer.
However I do not wish to apply on-line.
Can you offer an alternative application process?
Thank you
Hi Elizabeth. Thanks for your question. If you do not wish to apply online, you can apply at any Bankwest branch.
HI, I currently have a credit card with Commonwealth with an outstanding debit of $4000. Could I please transfer this debit to this new card? as I wish to cancel all dealing I have with commonwealth and also after a long search I prefer this card amongst all others.
Hi Samantha. Thanks for your question. Once you’ve found the card you would like to apply for and transfer a balance to, please apply through the review and application page. If you would like to transfer a balance, you can elect to do this when you apply for the card. Simply enter the card number you would like to transfer from, and the amount you would like to transfer, and the request will be processed if you’re approved and activate the card. Jacob.
do you have to use the credit card? would like to transfer anz debt across and pay off the debt within the 9 months period without using the card
Hi Sue, Thanks for the question. You’re under no obligation to use the card once you get it. If you want to get the card for the purposes of a balance transfer and not use it, you can do this. Here’s a video on the basics of balance transfer if you would like more information. Jacob.
To obtain travel insurance for entire family, do I need to pay for all the flights on credit card ? or can I just say pay deposit ?
Hi Jane. Thanks for your question. According to the Bankwest Credit Cards Platinum and Gold Credit Card Complimentary Insurance and Price Guarantee Cover document (I’ve sent it your email for further reference), ‘International travel insurance is a benefit available to Bankwest cardholders who, by use of the cardholder’s eligible credit card account, purchased their return overseas travel tickets prior to leaving Australia. It is also available to the cardholder’s spouse and the cardholder’s dependent children (but not children born on the journey), who travel with the cardholder for the entire journey, provided their return overseas travel tickets were also obtained by use of the cardholder’s eligible credit card account’. Let me know if you have further questions. Jacob.
I have already purchased my airline tickets – does the card still have travel insurance attached to the card if this is the case?
thanks,
Hi Michelle. Thanks for the question. The answer is no. According to the policy document, ‘International travel insurance is a benefit available to Bankwest cardholders who, by use of the cardholder’s eligible credit card account, purchased their return overseas travel tickets prior to leaving Australia.’ I’ve sent more information about the policy to your email. Jacob.
My only income is my aged pension. Can I still apply for this card? I have a Comm.Bank Mastercard with a $4,000 limit. I don’t owe any money to the credit card. I am thinking of going oversees next year, hence my interest in your card. Thank you in advance for your answer.
Hello Marja,
thanks for the question.
Those receiving an aged pension are still eligible to apply for this card; however, whether or not you’d be approved would be up to a range of factors, such as whether or not this income is enough to service the card, your other debts and liabilities including other credit cards and loans, your savings history and also your credit history.
I hope this helps,
Marc.
Interest rate on cash advance (22.99%), What is this means?
Income 65000 per month or year?
Hi Maria. A cash advance is when you use your credit card to withdraw money from your available credit limit at an ATM. Here’s some information about cash advance interest rates. Thanks.
I am an Australian citizen currently living in Manila, Philippines retired but with a reasonably high asset base, all based in Australia. I currently have an ANZ Visa card with a fairly high limit and always pay off the balance each month. Am I allowed to take advantage of the Bankwest Zero Platinum Mastercard, to take advantage of the zero foreign currency charges?
Hello Richard,
thanks for the question.
It may be useful to call Bankwest directly regarding this. They may be able to give you more information into what their specific requirements are and if you fulfil them.
I hope this helps,
Marc.
I bought a return air ticket to Singapore with my Bankwest Platinum card. When in Singapore, I join a tour group to Japan. The Japan trip is not paid with my Bankwest Platinum card. Am I covered for travel insurance for the Japanese trip? After my Japan trip, I go back to Singapore and later back to Australia. Please let me know as soon as possible. I will appreciate an early response as I am leaving for Singapore soon. Thank you.
Hello Noni,
thanks for the question!
According to Zurich- the provider of this insurance policy, as long as at least 75% of the return airfares from Australia to Singapore are purchased using the card, then travel insurance will apply to the whole trip, provided it’s under the maximum journey time of 6 months. For more information it might be a good idea to contact Zurich.
I hope this helps,
Marc.
I just read the application requirements above for Bankwest Zero Platinum card. Therefore I do not understand why I was rejected. I am a professional (university degree) earn $65,000 plus overtime, australian resident, over 21 years of age, no debt, single, own my car and furnishings, good savings, never had a credit card before nor any other loans. Paid cash car/furniture. Never defaulted on anything. Lived 2 years in the same place and worked 5 years in the same job. So was shocked when my online application was rejected. It is a shame that Bankwest will not tell the customer why their applications are refused. I met every criteria you have listed above. Only thing would be my credit rating could be non existent as I have never taken out any credit. Why should I be penalised for this, if this is the case, not sure. But I do recall buying some furniture from Harvey Norman who told me my credit rating was good (they must have rung up). Now I am at a lost what to do really. It is Bankwest loss as I am a good saver, stable in my professional well paid work and living environment, have assets all paid for and have no debt, no independents. I consider myself to be a good credit risk for any loan or credit card. Very disappointed with the Bank. I will look elsewhere and avoid Bankwest in the future and forewarn others not to apply. If they get rejected it will go on their credit rating. Thank you Kind regards Nicole
Hi Nicole. Thanks for your question. I wrote this article after Bankwest rejected my credit card application last year — I tried to answer your exact question; however, as you state, they (and other lenders) do not offer much information as to why people get declined. It may be that this is your first credit card, but that shouldn’t really be any reason to decline an application. Perhaps try a low rate credit card? They have lower entry requirements. After you have carried one of these cards for a time, you may like to apply for a Platinum Credit Card again. Sorry I couldn’t be of more help with this question. It’s difficult to answer.
I applied online for the credit card but got rejected. My annual income is around 80K, I have a good credit history, I am a permanent resident and have never defaulted on any commitments. I am clueless
I really wanted it for the No Annual fee + the International travel privileges provided. At the moment I have a ANZ Platinum Card . The reason stated is “you currently do not qualify for this product”.
Hi Iffy. Thanks for your question. I wrote this article after Bankwest rejected my credit card application last year — I tried to answer your exact question; however, as you state, they (and other lenders) do not offer much information as to why people get declined. I’m sorry I can’t be of more help, this is a difficult question to answer. Jacob.
I would like to receive information regarding the travel insurance that is included in this card. How is it activated and is it available to me if i would be travelling for a year?
Hi Oliver. Thanks for your question.
Here’s a video on general information on travel insurance.
If you’re travelling for a year, you may not be able to get covered. This policy provides cover for a period of 6 consecutive months for Platinum cardholders. Hope this helps.
Hi Jacob Is this card linked to any rewards program thanks Vicki
Hello Vicki,
thanks for the question!
This card is not linked to a rewards program. The only Bankwest cards which are linked to a rewards program is the Qantas Frequent Flyer Card and the More MasterCard.
I hope this helps,
Marc.
hi there,
If overseas ATM machines charge an ATM owners fee on withdrawals, is this fee in addition to the bankwest overseas ATM withdrawal fee of $4.00 ?
Hi Helen. Yes this is correct. For more information / stories on international ATM withdrawal fees, check our traveller’s guide to using money overseas. Also check our travel money comparison page for a list and comparison of the options available to you when accessing your money overseas.
when does the promotional period commence
Hi Carol. Thanks for your question. The promotional period begins when you activate the credit card. Cheers.
does the interest free start from the 1st purchase or from the date of application. How long is this offer available
Hi Carol. Thanks for your question. The promotional periods begin when a card is first activated. There is currently no end date for this offer. Cheers.
Is the interest rate of 17.99% pa only payable after the promotional period is up?
thanks carol
Hello Carol,
thanks for the question.
This is correct. After the promotional period the rate will revert to the usual purchase rate you mentioned.
I hope this helps,
Marc.
What are the requirements to qualify for this card?
Hello B,
thanks for the question.
The requirements to qualify for this card is a minimum age of 18, a good credit rating and to be a permanent Australian resident.
I hope this helps,
Marc.
Hey Jeremy,
Just read your replies, and I think you need to go back to banking school…In your reply to Cassie of Feb 12 2012, you said you will get 55 days interest free on your purchase. We both know it is not the case and your answer just adds to people’s confusion on the matter. UP TO 55 DAYS is very different from 55 DAYS.
Hi Jen
Thank you so much for alerting me to this. We’ve answered 1,000′s of comments for users on our site, so there is always bound to be an opportunity for us to improve on our replies.
Your point is very valid, I’ve edited Cassies reply and sent her an e-mail to flag that the comment has been adjusted.
Thanks for your feedback Jen – your help has not got unnoticed by our team, and the users of our site! I’ll be in touch shortly on e-mail :)
Cheers!
17.99% purchase – is it for the first purchase or for every purchase?
Hi Pak,
thanks for the question.
The Bankwest Zero Platinum MasterCard gives successful applicants 17.99% from the date the card is opened.
I hope this helps,
Marc.
Hi, It seems that Bankwest will not honour the 3.99% balance transfer for 9 months. I was pre-approved for this card however the T&Cs say nothing about the 3.99%. Has anyone had a similar experience?
Hi John,
This is a great question.
After speaking with Bankwest, they’ve said that while the key facts sheet doesn’t mention the 3.99% p.a balance transfer for 9 months offer, it will be in the paperwork received in the mail after a successful application.
I hope this helps,
Marc.
Hi this offer sounds great but is it easy to cancel. thanks
Is it necessary to purchase our return air tickets with this Zero platinum card to be eligible for your ‘complimentary’ travel insurance.
Hi Adele. Thanks for your question. As the terms and conditions state:
“journey means after the purchase of your return overseas travel tickets by use of the cardholder’s eligible credit card account the journey starts:
• on the departure date (from Australia) shown on the return overseas travel ticket; or
• once you leave your home, if you travel directly from your home in Australia to the Australian air or sea terminal that is the departure point for your trip.
The journey ends when the first of the following occurs:
• at midnight on the date when your scheduled transport (as shown on your return overseas travel ticket) is due to arrive in Australia; or
• when you return to your home in Australia, provided you travel directly there from the air or sea terminal where you landed in Australia; or
• when you cancel your return overseas travel ticket.”
So to be eligible for the travel insurance you must purchase a return ticket from Australia and complete the return journey.
Hope this helps.
How common are Bankwest ATM’s in Queensland? Where are the locations on the Sunshine Coast?
Hi Chris,
this is a great question.
There are two Bankwest ATMs each in Noosa Heads, Maroochydore and Mooloolaba to give you a rough idea of the ATM locations on the Sunshine Coast. You can also find many more using the Bankwest ATM locator. If you’re a Bankwest customer you’ll also get free access to over 3000 Commonwealth Bank ATMs.
I hope this answers your question.
Marc.
in the ad above, it says “lowest interest rate debt they have will always get paid off first”, hasn’t that been changed in july 2012, where the balance incurring the higher interest rate gets paid first?
HI Tee. Thanks for submitting a question to our site. The review was written prior to the July 2012 credit and banking reforms and has since been updated. Thanks for pointing this out, Jacob.
How many Frequent Flyers points do you get with each transaction? Is it with Qantas? Is there a cap on how many points you can earn each month please?
Hi Lesley. Thanks for your question. You may want to consider these credit cards from Bankwest, they let you earn Qantas Frequent Flyer Points: Bankwest Qantas Classic, Gold and Platinum MasterCard. Hope this helps.
Hi,
On this card can you repay the amount borrowed as soon as you like or are there limits on repayments?
Thanks
Hi Shaun. Thanks for your question. You can repay as much, and as often, as you like. Cheers.
Can I load this card up with my own money so that it is in credit and spend my own money before I start to use credit?
Hi Lisa. Thanks for your question. If you load the card up with your money, you won’t be charged interest when you make a purchase or perform a cash advance. Cash advance fees may still apply if you withdraw cash from the ATM.
When you say free travel insurance is that full cover eg: medical, loss of money or goods accommodation or only whats stated above.if used overseas is there any charges
Hi Geraldine. The complimentary insurance is a comprehensive cover. You still may have to pay an excess when you claim. These fees are listed in the terms and conditions of the insurance policy. Thanks.
Hi Jacob, I just called Bankwest, they told me they did not
know about this offer. Could you explain this exclusive offer
please? Is it a offer just from Credit Card Finder Website? How can
we know Bankwest accept this offer? Cheers
Hi Richard. This is an exclusive arrangement between Bankwest and CreditCardFinder.com.au. The deal you see on our website is the deal you will receive when you apply for this card. Thanks.
Update: This offer is now expired and no longer available
I am going to Europe in April May and want to know if the no foreign bank charges applies to any purchases i make o/s. Also can i load this account with say $10,000 to be spent o/s and not have any fees apply?
Hi Adele. This card has no cross currency conversion fee, which is a charge of 2-3% when the lender converts Australian dollars to a foreign currency to complete a purchase. You will be charged overseas ATM fees and cash advance fees if you use your card to withdraw cash at an overseas ATM. If you load your card up with cash, you can use it as your day to day source of funds – you won’t pay the cash advance rate of interest, but cash advance fees may still apply.
Do we need to purchase our airline tickets on this card to be eligible for travel insurance?
Hi Angelo. According to the Bankwest Gold and Platinum Travel Insurance Terms and Conditions: ‘at least 75% of the total value (i.e. including but not limited to money and/or Bankwest More Rewards points and/or staff discounts) of the return overseas travel ticket (but not taxes or airport or travel agent charges)’ must be charged to the credit card to be eligible for the insurance. Hope this helps.
Is it possible to prepay Bank West Zero Platinum card and than withdraw cash in overseas ATM without being charge cash advance fee, conversion fee or standard ATM fee?
Hi Mei. Thanks for your question. If you load money onto your card and then withdraw it from an ATM using your Bankwest Zero Platinum MasterCard, you will be charged a cash advance fee, but you won’t incur the cash advance interest rate on the funds you withdraw. Bankwest do not charge a cross currency conversion fee on their Platinum range of cards, but you will still incur a local ATM operator fee when you withdraw cash. Cheers.
Am I eligible for a card. I am a self funded retiree on an allocated pension and part centrelink pension. My income is in excess of $15000 but I do not have to lodge a tax return.
Hi Jennifer,
thanks for the question.
In your case it’s probably best if you call Bankwest and speak with a credit card representative regarding your eligibility and income.
I hope this helps,
Marc.
Hi
What charges apply on international purchases?
Regards
Hi Alan. Thanks for your question. This card does not charge a foreign currency conversion fee. The industry average is a 3% charge of the total value of an overseas purchase made with your card. The exchange rates are set by MasterCard and Visa, and there may be a premium applied to the exchange rate. Overseas ATM charges still apply. Hope this helps.
Does the zero platinum Mastercard still offer zero international transaction fees? Do any of your cards offer this?
Hi James. The Platinum range of Bankwest credit cards do not offer an international transaction fee when you make a purchase overseas. Cheers.
I have a commonwealth diamond credit card where can I find the Travel card insurance copy of conditions and rules.
Hi Hans. You can find the insurance PDF on the Commonwealth Bank Diamond Awards webpage under the features tab. Cheers.
Hi, I recently applied for a platinum fee free card which was provisionally approved and sent proof of income by email to support the approval. I have not yet had any response, when is this likely to occur?
Also, is there insurance cover included for domestic travel such as hire car excess in event of an accident as long as hire is purchased with the card?
Thanks, rob b.
Hi Rob. Thanks for your question. Please refer to our article, checking on your credit card application for information on this topic. The insurance polices cover international travel arrangements only. Cheers.
How long does it take to receive the card from application to arrival in the post. I ask this because I am travelling overseas shortly.
regards, jamie
Hi Jamie. Please allow up to two weeks before you receive your card. Thanks for your question.
How does the qualification for free travel insurance work.
Hi Nathan. Thanks for your question. According to the Bankwest terms and conditions: ‘International travel insurance is a benefit available to Bankwest cardholders who, by use of the cardholder’s eligible credit card account, purchased their return overseas travel tickets prior to leaving Australia. It is also available to the cardholder’s spouse and the cardholder’s dependent children (but not children born on the journey), who travel with the cardholder for the entire journey, provided their return overseas travel tickets were also obtained by use of the cardholder’s eligible credit card account.’ Hope this helps.
Does travel insurance cover – flight cancelations and medical cover to the USA? Do you have brochure on travel insurance?
Hi DeeDee. Thanks for your question. The complimentary insurance offered by Bankwest does cover things like medical cover and flight cancellations as well as loss and damage to personal property, travel delay and resumption of journey to name a few. You’re covered for a period of three months after you leave Australia. Please refer to the Bankwest Complimentary Insurance Cover Terms and Conditions for further information. Thanks.
If I pay my repayments in full monthly is there any fees for the transfer. I am with HSBC & I’ve had so much trouble. Will I understand the call centre operator? Is there a points system?
Hi Joanne. Thanks for your question. Currently, there is no fee for processing a balance transfer – the only cost you will incur for carrying out a balance transfer is the 3.99% for 6 months promotional interest rate. For information about balance transfers, please read our comparison page. The Bankwest Zero Platinum MasterCard currently does not offer a rewards program, for a comparison of cards that do, please refer to our rewards comparison page. Cheers.
So as soon as I get my card everything I purchase in the first 55 days will revert to up to 55 days interest free is that correct?
Hi Christine. That is correct. Thanks for your question.
Hi,
I am traveling to Europe in a few weeks. I am going for 3 months and was wanting to use a credit card for the whole time I was there. If I pay the minimum monthly repayment of 2% will I be charged anything else? I don’t quite understand the difference between the ’55 days interest free on purchases’. Do I have to pay back what Ive spent after 55 days or can I spend what I need to and start paying if off when I come back after 3 months of having the card?
Thank you
Hi Kim. Thanks for your question. You will get up to 55 days interest free on purchases made with your credit card if you have paid your balance in full for two consecutive months. So, keep your account paid in full (which is more than the 2% minimum repayment) and you will get 55 days interest free on purchases. Cheers
Hi,
I notice that travel insurance with the Platinum Card is for 6 consecutive months providing 75% of the return journey is paid by this card. Does the 6 months start from the time of purchasing the fare or from the date of departure overseas?
Judy
Hi Judy. The cover starts from when you leave your home on your way to go to the airport on the date of departure as shown on your return ticket. Thanks.
Does this card earn rewards for every dollar you spent ?
Hi Arpit. Thanks for your question. You can no earn rewards points with this card. For a list of rewards and credit cards, check our rewards credit card comparison page. Thanks.
I want to know more about the free travel insurance – is there a site that I can look up so that I can see what is covered – many thanks Penny
Hi Penny. Thanks for your question. We’re currently working on putting together a guide on this very topic. In the mean time, please refer to the Bankwest Platinum and Gold Card Complimentary Travel Insurance Terms and Conditions, which should have all the information you need about the policy. Hope this helps.
I am wondering if this credit card would be approved to someone on the single parenting payment as their only form of income? My credit history is not a problem.
Hi Shannon. It all depends on whether you’re able to meet the minimum income requirement for this card. Thanks for your question.
what is the surcharge on overseas exchange rates? i am travelling to Fiji next month and need a card that doesn’t charge to exchange.
Hi Garrett. Thanks for your question. Card providers will usually charge a fee of 2 – 3% of the total value of a credit card transaction when making a purchase overseas. The Bankwest Platinum range of credit cards waive this fee. For more information on travel money options, check out our travel money comparison page. Cheers.
What are th conditions of the travel insurance? How do you activate it and how much of the trip do you have to pay for on the card?
Hi Izzy. The following is taken from the Bankwest Gold and Platinum Card Insurance Policy Terms and Conditions: ‘International travel insurance is a benefit available to Bankwest cardholders who, by use of the cardholder’s eligible credit card account, purchased their return overseas travel tickets prior to leaving Australia. It is also available to the cardholder’s spouse and the cardholder’s dependent children (but not children born on the journey), who travel with the cardholder for the entire journey, provided their return overseas travel tickets were also obtained by use of the cardholder’s eligible credit card account. The cover is available for a period of 3 consecutive months (6 consecutive months for Platinum cardholders) and can not be extended. However, if your return to Australia is delayed because of events covered under this policy, or your scheduled transport back to Australia is delayed for reasons beyond your control, the period of insurance will automatically be extended for a period of up to 4 weeks or until you return to your home in Australia, whichever occurs first.’
The travel insurance cover is automatic after you pay for, ‘at least 75% of the total value (i.e. including but not limited to money and/or Bankwest More Rewards points and/or staff discounts) of the return overseas travel ticket (but not taxes or airport or travel agent charges) is paid for by one or a combination of the following payment methods:
• charged to the cardholder’s eligible credit card account;
and/or
• paid for by the redemption of the cardholder’s Bankwest More Rewards points, this excludes points redeemed for Frequent Flyer Programs; and/or
• paid for by redeemable travel agency flight vouchers that were obtained from the conversion of Bankwest More Rewards points.’
Thanks for your question.
Thanks Jacob. that helps. I think I’m gonna give this one a miss. If only those banks told you why your application was rejected. don’t need credit after all. Not worth damaging the credit file.
Thank you for your help.
When does the interest offer start? Is it from the day you sign up or make your first purchase date?
Hi Steve. Thanks for your question. The interest on purchase starts from when the card is ordered. Cheers.
This is the worst credit card we’ve ever have. Its fine if you intend to balance transfer and then not use the card at all. We balance transferred $15000 to this card and pays off any additional purchases each month. But we get charged interest on the balance transfer and purchases as any payments we make gets applied to the lowest interest first. This has never been done on any other balance transfer credit card we’ve ever had and it is totally misleading as this is not even pointed out to us. We have had numerous arguments with bankwest about this. We have cancelled the card but can’t get any of the ridiculous fees back and will be taking further steps to make sure that this does not happen to anyone else. My question is why isn’t this made clear on the features above? My advice to anyone thinking about this card is to not get it at all.
Hi Anne. Thanks for taking the time to write to us about this. The Gillard Government recently passed a series of banking and credit card reforms that amended the way repayments are allocated to your credit card. Prior to the July 1 reforms, repayments were applied to the low interest balances like balance transfer first, while higher interest charges like cash advances and purchases were left to accrue interest for longer. This order was reversed under the credit and banking reforms, and now the charges that attract high interest charges are paid off first and balance transfers and interest free promotions are left till last. For people who have a variety of charges on their card, this will end up saving them money and cutting back the time it takes them to pay the card off. This applies to all credit card contracts approved after the 1st of July 2012. Information about how Bankwest apply payments on your credit card can be found on page 18 of their Credit Card Conditions of Use pdf. and further information on the banking reforms can be found in our guide on the topic. Thanks for your question.
Hi. I am a bit confused. I need to know if I can get this credit card. I earn $1,464/fortnight after tax. I have no defaults on d&b and Veda. I have a car loan worth $17,000 out of which I have paid off nearly $9500.min pmt is $380/month. My other expenses are worth about $900/month. But I have been rejected by citibank for a credit card. Should I apply for this one and risk another enquiry on my credit file?
Hi Vats. Thanks for your question. Please refer to our article on why credit card applications get declined for more information. Hope this helps.
Hi,
Does “purchases” include money orders from the post office?
Thanks,
Carley
Hello Carley,
thanks for the question!
A money order wouldn’t be classified as a purchase in this regard, and so would be calculated using the cash advance rate.
I hope this answers your question.
Marc.
when Using your Bankwest zero platinum mastercard overseas (New Zealand) what fees will I be charged on all my purchases
Hi Mohini. Thanks for your question. For further information on credit cards and there fees overseas check out our article on the topic. The Bankwest Platinum range of credit cards have no foreign transaction fees, this fee applies to each transaction occurring outside Australia. You will also be charged when you make an ATM withdrawal. Hope this has helped.
With the “no foreign exchange fees” is this for a limited time to attract customers or is this an ongoing item of this card
Hi Peter. Thanks for your question. The no foreign currency conversion fee has always been a feature of the Bankwest Platinum range of credit cards. To the best of our knowledge, this is not a limited offer. Cheers.
if i travel overseas and purchase using the Bank West Zero Platinum Master card, will I be charged any overseas transaction fees?
Hi Antra. Thanks for your question. The Bankwest range of platinum cards does not charge a foreign currency conversion fee for international purchases. This is a fee of 2-3% charged when Australian dollars are converted into the local currency to make a purchase. For a list of cards and their foreign currency conversion fees, please refer to our guide on the topic. Cheers.
Hi I’m confused now. Interest free for 55 days on purchases yet I also read interest charged from Purchase date. Which one
Hi Sally. Thanks for your question. The up to 55 days interest free on purchases applies if you have paid your balance in full for more than two consecutive months. If you have done this when you make a purchase on your card you will receive up to 55 days interest free. If you have not paid your balance in full, then you will not receive any interest free days, and interest will be charged from the purchase date. Cheers, hope this helps.
Hi
Do you charge a ‘foreign currency transaction fee’ on all FX purchases? Westpac do, something like 3%. This is over and above the FX gains that somebody is making.
Also I like travelling ad hoc, is the purchase of a return ticket compulsory to be eligible for the insurance?
Cheers
Brendon
Hi Brendon. Thanks for your question.
The Bankwest Platinum cards do not charge a foreign currency conversion fee, which is about 3% of the transaction value, when you make a purchase with your card overseas.
According to the Bankwest Gold and Platinum Travel Insurance Terms and Conditions: ‘at least 75% of the total value (i.e. including but not limited to money and/or Bankwest More Rewards points and/or staff discounts) of the return overseas travel ticket (but not taxes or airport or travel agent charges)’ must be charged to the credit card. Hope this helps.
how long is this offer on for (0 fee and 0% interest on purchases for 6 months)?
Can i apply for this credit card in November 2012?
Hi Kara. Thanks for your question. This has been a consistent offer for some time now; however, there’s no telling whether the offer will be the same in months to come. Best to keep checking the site for latest updates on this product. Cheers.
hi,
Im looking for a credit card that i can travel through the usa with. just wondering if this card will charge me any fees for using it while in the USA or booking accommodation etc. from australia before i go?
Cheers,
Jo
Hi Joanne. Thanks for your question. You will not be charged a cross currency conversion fee of approx. 3% of the total value of the transaction with any of the Bankwest Platinum Credit Cards. There may be other fees in the form of credit card surcharges, which can add up, but that will depend on the places where you use your card. Cheers.
How much they charge, if i go oversees and use this card for purchases in another currency. like shopping etc
Hi Nikul. Thanks for your question. The Bankwest Platinum Cards do not charge a foreign currency conversion fee. This is a fee of 2% or 3% every time you use your card to make a purchase in a foreign country. You will still be charged interest at the cash advance or purchase rate of interest depending on the transaction and ATM fees may apply. Cheers.
I travel OS a great deal and I am advised that this card has no FX fees, is the exchange rate set as per Master wholesale rate
Hi Martin, thanks for your question. The exchange rate used by your lender is set by card issuers Visa, MasterCard and American Express. MasterCard state on their website that, ‘The displayed rates are derived from the buy and sell rates included in the MasterCard daily rate setting process and do not include any charges or markups applied by the Issuer.’ Hope this helps.
what fees are their for buying goods when on holidays overseas
Hi Colin. Thanks for the question. The types of fees you’re likely to incur overseas are things like cross currency conversion fees, and local and international ATM fees. Please visit our travel money comparison page for further information. Cheers.
Is there an interest free period on purchases? It says up to 55 days interest free, but then it also states interest charged from purchase date. So which of these is correct?
HI Lauren. The up to 55 days interest free applies when you have paid your statement in full for the past two consecutive months. Interest free days do not apply if you have a balance transfer promotion on your card. Thanks for your question.
I understand there is no fee on foreign currency exchanges. But is there a fee for international transactions.
Hi Caitlin. Thanks for your question. There is no international fee if you’re making a purchase. If you decide to withdraw cash from an ATM, you will be charged: cash advance fee, cash advance interest rate, international ATM fee and local ATM fee. Thanks.
I would like to use the Bankwest Zero Platinum MasterCard to make a cash advance withdrawal from an ATM while overseas. If I place funds on the card before I leave, so that it is in credit, will I still be charged the 2% or $4 cash advance fee? Eg if I place $1000 on the card to put it into credit and then I make an overseas ATM withdrawal of $1000 what will I pay? $20 (4%), or $4 or nothing?
Hi Chris. Thanks for your question. If you load funds onto the card and make a withdrawal from an ATM, you will incur a $5 international ATM fee and a local ATM fee. You will not be charged the cash advance rate of interest or the cash advance fee.
Hello! Does this card have no overseas transaction fees? I am going to Europe & the UK soon and am looking for a suitable credit card for purchases while I’m away.
Hi Melissa. For further information on credit cards and there fees overseas check out our article on the topic The Bankwest Platinum range of credit cards have no foreign transaction fees, this fee applies to each transaction occurring outside Australia (whether in a foreign currency or Australian dollars). For more information on what types of money to use overseas, refer to our guide on travel money. Hope this has helped.
What is the interest free period on purchases? It says “55 days interest free on purchases” and then
“17.99% p.a.on purchases”
I see in a previous question about this but that is for 1% for 6 months. How long is the offer running for?
Thanks
Hi Damien. The offers begins when you activate the card. Once that period has expired, cardholders will receive up to 55 days interest free on purchases provided there isn’t an outstanding balance carried over from month to month. Thanks for your question.
If I use this card oversea ie:in USA will I be charged a fee for the overseas transaction/conversion….I am thinking about changing my mastercard account to another provider and wondering if you will charge a fee for using the card in USA dollars..
Hello Sheila,
thanks for the comment.
The Bankwest Zero Platinum waives overseas transaction fees, so these wouldn’t be payable. Using the card to withdraw cash from an ATM while overseas however would still attract fees.
Cheers,
Marc.
Hi there,
is it really 3.99% for 9 months? it’s not on Bankwest website.
Thank you
Hi Patrick. The offer is correct. Thanks.
The Platinum card has no international transaction fees. Does Bankwest gaurantee that this will be the case for the life of the card? (as it does for annual fee). At what exchange rate are international purchases processed?
Hi Tony. I can’t comment on whether or not Bankwest guarantees no foreign currency conversion fee for the life of the card; however, I will say that it is one of the card’s strongest selling points. The exchange rate is set by Visa and MasterCard. Thanks.
Hi, I am having difficulty finding what the Foreign Transaction Fee is. The policy documents refer me to a ‘Schedule’ which I cannot find? Is the Complimentary Travel Insurance the same for the Gold and Platinum card? Last question.. Can you please direct me to the Travel Insurance policy wording.
Thanks
Hi Kristy. Thanks for your question. The Bankwest Platinum range of credit cards do not charge a foreign transaction fee. The international insurance policy is the same for the Gold and Platinum Credit Cards. I will send the terms and conditions for the Bankwest complimentary international travel insurance policy in an email. Thanks.
Hi,
I understand that there is no currency conversion fees for international transactions. Is there any international transactions fee when making purchase overseas for this card?
I also notice there is a similar card called 28 degrees. Would you be able to advise which one is better/cheaper in terms of overseas transactions please?
Thank you.
Cheers,
Jan
Hi Jan. When making a purchase overseas with the Bankwest Platinum Credit Cards, there is no fee for the international transaction. The 28 Degrees MasterCard offers the same benefit to international shoppers in addition to no international ATM fee. Please refer to our travel money comparison tables for further information about travel friendly credit cards. Thanks and apologies for the delay. Jacob.
I want to use this for travel. Do you charge an exchange rate on overseas transactions or can I load Euro currency on this before I go? I am leaving in 13 days. will you process this in time?
Hi Sybil. Thanks for your question. Due to the time it’s taken to reply, I’m not sure if this is still relevant; however, only Australian dollars can be loaded onto this card. Jacob.
Hi ‘
Can I get this card WITHOUT built in pay pass or pay wave feature ??
Thank you Ava
Hi Ava,
Thanks for your question. No, unfortunately all Bankwest cards now have the paywave feature built in and can’t be removed. Cheers.
Jeremy
just want verification about travel insurance with your card – I’m 61- are their age limits, what is the actual travel cover and I assume one buys flights with the card to qualify?
Hi Bridget. Sorry for the delayed response. There are age limits to the travel insurance; however, restrictions don’t kick in till 70 or 80. I’m going to send the travel insurance policy to your email for you to have a look over. Jacob.
Hi, For the Platinum card, it says foreign transaction fee is waived. Is it only for overseas purchased or including the cash out from the credit card when overseas?What other fees are associated with international transactions? Can you please confirm fees/charges if buying a goods overseas? Also, am i able to put cash into the credit card so I can withdraw from an overseas ATM? If yes, what are the fees? Is it still treated as cash advance?Please clarify all fees/charges involved for a purchase and if I take out my own cash of $100 that I put into the Platinum card if I get one.
Thanks.
Hi Rachel. Awesome question and sorry about the delay in getting this answer back to you.
So, the Bankwest Platinum range of credit cards waives the foreign currency conversion fee – this applies for over-the-counter transactions and when getting cash out of the ATM. To break it down:
- Using the banks money (your available credit): cash advance fee, cash advance interest rate, international ATM fee and local ATM operator fee.
- Using your own money to withdraw cash from an ATM (credit card is in a positive balance): international ATM fee and local ATM operator fee.
- Making a purchase: purchase rate of interest (putting aside interest free days).
Jacob.
I’m interested in the feature that suggests I can use this credit card overseas without being charged a currency conversion rate. Can you please give me more details regarding this feature?
Hi Vee. For a comparison of travel money cards, check our comparison page. The foreign currency conversion fee is a fee charged by your lender when you use your card, which is linked to your Australian bank account with Australia dollars, to make a purchase in a foreign country in a foreign currency. This is a fee of 3% of the total transaction.
what is a min. credit limit? There is also a discrepancy between the $8000 listed and the $1000 in your answer.
Hi,
The minimum credit limit is the smallest amount of credit issued on this card. The minimum credit limit for this card is $8,000. Thanks for your question.
Cheers
Jeremy
Does the complementary travel insurance only apply to return airline tickets? what about overseas cruises?
Hi,
Thanks for the question. The complimentary international travel insurance applies to journeys made by air and sea. Provided that the return trip is purchased on the card.
Cheers
Jeremy
Hi
We are heading overseas for 2 weeks in September and I notice your card has no Foreign Transaction/Currency fee… is this right? So if we use the card for everything in the US, we will just receive on our statement what we actually purchased? When you are converting them, are you staying inline with what the $ is on the day? Also, what is the maximum limit of this card?
Thanks
Hi Anita. Thanks for your question and sorry for the delay in this response. Not sure if this answer is still relevant; however, for the reference of anyone else who may be interested.
So, the Bankwest Platinum range of credit cards waives the foreign currency conversion fee – this applies for over-the-counter transactions and when getting cash out of the ATM. To break it down:
- When you make a purchase: purchase rate of interest (putting aside interest free days).
- When you use the banks money (your available credit): cash advance fee, cash advance interest rate, international ATM fee and local ATM operator fee.
- When you use your own money to withdraw cash from an ATM (credit card is in a positive balance): international ATM fee and local ATM operator fee.
The exchange rates are set by the card scheme (Visa / MasterCard or American Express) and are similar to the figure you hear quoted on the evening news – the card scheme applies a small margin to this figure.
The maximum limit for this card (I assume you mean maximum credit limit) is variable – it’s set based on the financial information you provide during the application. Jacob.
Jacob.
I am classed as a permanent resident for Australian Tax Purposes and have a employer sponsorship visa. Would I be eligible for your card. I have an account with NAB and would take their gold card but they have an annual fee of 90 dollars.
Hi Michael,
When it comes to applying for a credit card with special residency situations, it is always best to speak to a branch directly. Cheers.
Jeremy
Hi there,
What is the minimum income required to apply for this card?
Hi,
Thanks for your question. Kindly visit Bankwest website to see eligibility criteria. Cheers.
Jeremy
I am on $30.000 per annum can I apply for a card?
Errol. Thanks for your question. Please check the minimum income requirement for this card listed at the bottom of the review and application page. Jacob.
Can the outstanding balance on this credit card be paid through online banking from other banks apart from Bankwest? Is there a fee for paying this way?
Hi Pal,
There are a number of ways to pay the outstanding balance on a credit card from a 3rd party online source. The easiest way is to set up the credit card in question with your BPAY account or add the credit card into the list of payees in your internet banking account. All you have to do is deposit funds on to the card and the outstanding balance owed will be reduced by the amount you have payed. Please note that it may take a number of business days for a transaction to be processed between lenders. Thanks for your question. Cheers.
Jeremy
Just wondering about the travel insurance? What are the terms?
Hi Laura,
For a detailed list of the terms and conditions please refer to the Bank West Zero Platinum Mastercard PDS http://www.bankwest.com.au/library/pdf/PDS_20060801-154923.pdf – To summarise some of the more common points that people enquire about: children are covered if they are unmarried, under 18 and live at home or are 18 to 21 and are studying and still live at home or live at home when not studying. There are exclusions to the policy and you are also required to pay an excess for some claims, please see the PDS for further information. Thanks for your question, hope this helps.
Cheers
Jeremy
What does “1% p.a. for 6 months (reverts to 17.99% p.a.)on it purchases” actually mean? I’m sorry I don’t understand why have a 1% if it’s going to “revert” to a higher percentage, when does “revert” etc. This particular line on all the credit card offers stumps me.
Hi Cassie,
Thanks for your question. The Bankwest Zero Platinum MasterCard offers up to 55 days interest free days on purchases in addition to a 1% interest rate on purchases for 6 months.
What this means is you will not receive any interest charges for up to 55 days from the date of your purchase up until the payment due date. After this period, you will incur a charge of 1% interest on the outstanding balance for the next 4 or so months. Both the (up to) 55 day interest free period and 1% interest on purchases for 6 month offer start from the date of the purchase. After the 6 month period the 1% interest rate will ‘revert’ or go back to the normal (and much higher) standard variable rate of interest for purchases. “Note: The interest rates and offer details mentioned in this comment were current as of 09/02/2012″Hope this has made things clearer for you. Cheers.
Jeremy
I have just applied for this card.
There is no rewards program !!!
What is the rewards system. please
Hi Robert. This card does not offer the opportunity to earn rewards. Please refer to our rewards card comparison page or check Bankwest’s other cards which let you earn rewards. Thanks and sorry for the delay. Jacob.
Does this card have a reward system?
Hi Rudi. No this card does not; however, Bankwest do offer a card with rewards. Alternatively, you can compare rewards cards here. Jacob.
Am I able to pay this credit card via internet from other accounts I hold with other banks??:?
Is it possible to add medical cover to the free international travel insurance – and if so what would be the cost?
Hi Ray. Certain things like pre-existing medical conditions can be added to the policy. The complimentary international travel insurance provides cover for medical and hospital expenses. I’m going to send the policy document to your email if you would like further information. Jacob.
Hi,
So you cleared up the 1st question i had which was the minimum. So in that case does this have a rewards program? and also if so, how much does it cost?
What is the minimum credit limit for this card?
Hi Michael
Thanks for your comment
The minimum credit limit for this card is $8,000.
Cheers
Jeremy