Bankwest Zero Platinum Mastercard

Balance transfer offer. This is a limited-time offer that’s one of the best in the market in terms of length. You can transfer debt from an existing credit card to your Bankwest Zero Platinum card and pay 0% p.a. for 28 months while you pay off the debt.

Let me detail some of the fine print. The balance transfer offer is only available if it’s your first time being approved for the Bankwest Zero Platinum card. You’ll be charged 3% of the amount you’re transferring, which is added to your balance. The 28 months starts from the date of card approval, not the day the transfer takes place, and you can’t transfer from other Bankwest cards. And lastly, you can transfer up to 95% of your credit limit (which is a very high amount compared to some other cards) with a $500 minimum.

If you have a balance left after the 28 months, you’ll be charged a balance transfer interest rate of 14.99% rather than the cash advance rate. That’s a significantly lower rate than other cards charge on leftover debt. Of course, the goal is to pay off your debt in full before the interest-free period ends.

No foreign fees. You won’t be charged foreign transaction fees on purchases when you’re travelling overseas or buying something from an international merchant online. That also includes withdrawing from an overseas ATM, but remember you might be charged a 3rd-party fee for using the machine.

Complimentary travel insurance. You, your spouse and dependent children who are accompanying you on the trip can use the international travel insurance. Insurance is available for trips up to 31 days, but you can apply for longer coverage if needed.

Under the policy, you may be covered for overseas emergency medical expenses, rental vehicle insurance, travel delay expenses and transit accident insurance. Within Australia, you may be able to use the Interstate Flight Inconvenience insurance if your flight is delayed by 4 hours or more, or your belongings are damaged.

Interest-free period: If you don’t have an active balance transfer, you’ll get 55 days interest-free on new purchases as long as you pay the closing balance each month.

Easy Instalments repayment plans: Bankwest lets you spread the cost of up to 5 purchases between $100 and $10,000 over 4 monthly instalments. You won’t pay interest on the instalment amounts, which can help you pay off your purchase faster. Easy Instalments can be set up and managed via the Bankwest app.

Purchase security: 90 days of cover from the date of purchase if your purchase is lost, stolen or damaged, as long as the purchase was made on your card.

Extended warranty: An extension of the manufacturer’s written Australian warranty on personal goods that were charged to your card.

Price guarantee: a refund of the difference in price of an item purchased where you find it cheaper elsewhere within 21 days and within 25km of the original purchase location.