Bankwest Zero Credit Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt Ask Pauline a Question about this card.

The Bankwest Zero Credit Card

As the name suggests, the Bankwest Zero Credit Card has zero annual fees. That means for the life of the card, cardholders pay no annual fee, helping to keep ongoing costs down. As a fairly basic no annual fee card, it keeps things simple in terms of features, providing up to 55 days interest free on purchases, and free worldwide emergency card replacement. This card also includes a special offer on balance transfers - 0% p.a. on for the first 34 months with a one-time 2% balance transfer fee.

What we love...

One of the things we love about the Bankwest Zero Credit Card is its simplicity. This is a card that keeps it simple, which can make it a great choice for cardholders who don’t need – and don’t want to pay for – lots of added extras. As a nice no frills option, this card has no annual fee, and to be honest, not much else.

While some cards may allow cardholders to earn rewards on their card spending, and other cards may provide extravagant extras such as airport limo service and VIP lounge access, the Bankwest Zero Credit Card has none of that. Instead, it focuses on providing cardholders access to credit, while charging them nothing in annual fees.

But, the savings don’t stop there. New customers can also take advantage of the 0% interest on balance transfers for 34 months (with a one-off 2% balance transfer fee) introductory offer. This will give you ample time to repay your transferred balance and save money on interest costs. What makes this offer even better is that after the intro period, the balance transfer rate reverts to the Standard Balance Transfer Rate of 14.99% instead of the higher cash advance rate.

Another money-saving feature this card offers is interest free days on purchases. That means, as long as you clear your balance each month by the due date, you can benefit from interest free shopping, with up to 55 days to pay.

What’s not so great...

While it may help to keep costs low with no annual fee, the Bankwest Zero Credit Card is not a low rate card. Its purchase rate is about average, but it’s not one you’d want to carry a balance on. If you want to make the most of those annual fee savings, you may also want to make sure you clear your balance by the due date to avoid interest accruing.

Why should you choose this card?

There are plenty of reasons why you may choose a no annual fee card, such as the Bankwest Zero Credit Card. A no annual fee can be a great card to keep in your wallet for emergencies. You’re not paying anything to keep it there – as long as you clear your balance – so it can simply act as a backup, should you need access to credit in the future.

Of course, you may also choose a no annual fee card because you want to save money. If you’re not bothered about features and rewards, this card could give you everything you need, while allowing you to keep costs as low as possible. It has a low $1,000 minimum credit limit, and also provides free worldwide emergency card replacement.

Overall Rating

A basic option that sells itself on its simplicity, the Bankwest Zero Credit Card has no annual fee ever, with up to 55 days interest free on purchases, free worldwide emergency card replacement, and compatibility with Apple Pay and Google Pay™.