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75,000 Spend $48,000 in the year
Bankwest More Platinum Mastercard
Bankwest More Platinum Mastercard

Bankwest Credit Cards

Bankwest More Platinum Mastercard

Updated 1 July 2020

The Bankwest More Mastercard is an excellent choice if you want a rewards credit card that gives you more, and now you can get even more. It also offers extensive complimentary travel insurance, and no international transaction fees on overseas purchases in foreign currency, something everyone likes to hear when voyaging the globe or indeed just shopping online outside Australia.

Points Earn Rate (per $1 spent)

2 points

Rewards

Rewards Program

More Rewards

Bonus Points

75,000 pts

Spend $48,000 in the year

0 points over 12 months spend

My monthly card spend

Pros and cons

  • No foreign transaction fees on online and overseas purchases
  • Complimentary international travel insurance for you and your family
  • 0% p.a. on balance transfers for the first 6 months (1% balance transfer fee applies)
  • 75,000 annual bonus points when you spend $48,000 on eligible purchases in the year
  • Earn 2 points per $1 spent on eligible purchases
  • Use rewards points for a wide range of goods or services; shopping or travel or even cash back
  • Pay with your compatible device using Apple Pay & Google Pay™ or Australia’s first payment ring - Bankwest Halo

  • Balance transfer rate reverts to 19.99% p.a. after the introductory period

Creditcard.com.au review

Editor Review

Bankwest More Platinum Mastercard

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Bankwest More Platinum Mastercard

As a platinum card earning points on Bankwest’s More Rewards program, the Bankwest More Platinum Mastercard provides a great earn rate, a high points cap, and 75,000 annual bonus points on meeting a minimum yearly spend. With some nice platinum perks on offer, the card has no foreign transaction fees, and offers a full suite of retail and travel insurance covers.

What we love...

With the Bankwest More Platinum Mastercard, you can earn 2 More Rewards points per $1 spent on eligible purchases. This provides a higher points earn than the Bankwest More Card, and a lower points earn than the Bankwest More World Card.

Points are capped at 400,000 More Rewards points per year on this card, a total that includes any annual bonus points earned. It’s also worth pointing out that your More Rewards points will only be credited to your account once you have spent at least $1,500 on eligible purchases, and your account has been opened for at least two months.

So, what’s the deal with those annual bonus points? As a cardholder, you will be given 75,000 annual bonus points each year you spend a minimum of $48,000 on eligible purchases.

Of course, to know how valuable this offer is – and how good the card’s points-earning potential can be – you need to know what you can redeem those points for. The More Rewards program allows cardholders to redeem their points for the usual range of gift cards, travel and merchandise, with 171,000 points equal to $450 cashback.

In terms of travel, Bankwest has teamed up with Webjet to allow cardholders to book flights and holiday packages using their points, where 30,300 points = $100. If you don’t have enough points for the trip you want, you can choose to make up the difference with cash. Where could you go? Again, giving you an idea of value, you could fly from Perth to Bali return for 241,500 points.

What’s not so great...

As it’s a rewards card, it’s not really a surprise that the Bankwest More Platinum Mastercard has a fairly high purchase rate. However, as long as you clear your balance by the due date each month, you should be able to avoid paying interest on your purchases. This also allows you to take advantage of up to 44 days interest free on purchases.

Why should you choose this card?

The Bankwest More Platinum Mastercard is a platinum rewards card. That means it provides a higher earn rate, a higher points cap and some platinum perks to cardholders who want more than a standard rewards card offers. But, if you want to take advantage of all that, you will have to meet the eligibility requirements, which usually involves having a higher income.

On top of that, you will have to pay a higher annual fee. The annual fee on the Bankwest More Platinum Mastercard is substantial. But, as long as you spend enough on the card, you should be able to make it worth your while. If you spend at least $48,000 on the card each year, you will get those 75,000 annual bonus points.

Converted to cashback, this equates to $200, which more than covers the card’s annual fee. Spending $48,000 would also give you 96,000 More Rewards Points, which, when redeemed for cashback, would give you just under $250. Add to that the various platinum perks on offer, and this card could offer real value to the right cardholder.

And those extras are? With the Bankwest More Platinum Mastercard, you will pay no foreign transaction fees, making it a great choice for cardholders who travel overseas frequently, or anyone who shops online at international retailers.

On top of that, you can benefit from the card’s range of insurance covers, including overseas travel insurance, interstate flight inconvenience insurance and transit accident insurance, as well as price guarantee, extended warranty and purchase security insurance. There is also 0% p.a. on balance transfers for six months with a 1% balance transfer fee.

Overall Rating

A platinum rewards card that offers value to higher spenders, the Bankwest More Platinum Mastercard provides a great everyday earn rate, 75,000 annual bonus points after a minimum yearly spend, plus insurance cover and no foreign transaction fee.

User reviews

Bankwest More Platinum Mastercard ( based on 4 Creditcard.com.au user reviews )

75% rating based on 4 reviews

Rates
Fees
Rewards
Customer Service
Value
82%

Creditcard.com.au Visitor

28 January 2013

Good purchase offer and about standard reversion rate for a platinum card. Also gives you good bonus points when you first get the card. Don’t get charged fees for using the card overseas and you get some nice travel rewards. Pretty low annual fee too.

Recommends this card
71%

Nora Becker

28 January 2013

Nice purchase offer – 0% for 6 months. Good if you want to buy something big and not worry about interest for a while. The perks on the card are good too. Some free insurances that are handy for travelling, and you can get flight centre vouchers as well. Make sure the rewards are what you need though cos the annual fee is kind of steep.

Recommends this card

Rates and fees

Interest rates



Purchase rate 19.99% p.a.

Cash advance rate 21.99% p.a.

Interest free period on purchases up to 44 days

Balance transfer

Balance transfer rate 0% p.a. for 6 months

Balance transfer revert rate 19.99% p.a.

Balance transfer from personal loan No

Balance transfer fee 1% one off

Balance transfer limit 95% of approved credit limit

Banks you can't balance transfer from Bankwest

Credit limits

Minimum credit limt $6,000

Maximum credit limit $50,000

Fees & repayments

Annual fee $160 p.a.

Additional card holder fee Up to 3 at no extra cost

Foreign transaction fee 0%

Minimum repayment 2%

Cash advance fee 2%

Late payment fee $25

Rewards and points

Rewards program

Rewards Program More Rewards More Rewards

Bonus points 75,000 points

Annual points cap 400,000

Bonus points spend criteria Spend $48,000 in the year

Earning points with this card

Rewards Rewards points 2 points per $1 spent

Points cap per month N/A

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance Yes

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance No

Extras

Pay with your compatible device using Apple Pay & Google Pay™ or Australia’s first payment ring - Bankwest Halo

Overview

Bankwest More Platinum Mastercard

When it comes to perks you get them in spades with this card. From WebJet vouchers and travel accident insurance to shopping vouchers and bonus points and discounts from one of the Bankwest partner retailers you get the benefits that suit the traveller or non-traveller. This gives the advantage of being able to cash in points whenever you like for things you might need, or saving points for flights or hotels.

Key features

  • No foreign transaction fees on online and overseas purchases
  • Complimentary international travel insurance for you and your family
  • 0% p.a. on balance transfers for the first 6 months (1% balance transfer fee applies)
  • Earn 2 points per $1 spent on eligible purchases
  • 75,000 annual bonus points when you spend $48,000 on eligible purchases in the year
  • Use rewards points for a wide range of goods or services; shopping or travel or even cash back
  • Purchase security cover. 3 months of free insurance against loss, theft or accidental damage on personal goods purchased anywhere in the world.
  • Pay with your compatible device using Apple Pay & Google Pay™ or Australia’s first payment ring - Bankwest Halo

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia. Temporary residents are eligible.

  • Minimum income of $65,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

21 questions (showing the latest 10 Q&As)

Yvonne K Chang

Yvonne K Chang

5 August 2019
I applied for a Bankwest Qantas Mastercard (as I want to cancel 2 of my other cards with a Frequent Flyer I no longer use). I would like to know why my application was rejected.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 August 2019
    Hi Yvonne, you will need to speak to Bankwest directly to find out the reasons. Have a read through our credit card application tips. It would make sense to cancel at least 1 of your current cards before applying again.

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