60 secs response- Pay no annual fee
- 0% on balance transfers for 26 months with 2% balance transfer fee (reverts to 14.99%). New customers only.
- Purchase rate of 14.99% p.a.
- No foreign transaction fees on online and overseas purchases
- Up to 55 days interest free on purchases
- Complimentary international travel insurance, extended warranty, purchase security and price guarantee cover
- Pay with your compatible device using Apple Pay, Samsung Pay, Google Pay, Garmin Pay, & Fitbit Pay or Australia’s first payment ring - Bankwest Halo
Hi, we spend most of our time trying to help people and we will answer your question within a business day.
Bankwest Credit Cards
Bankwest Zero Platinum Mastercard
Updated 7 May 2021
The Bankwest Zero Platinum Mastercard gives you platinum perks with no annual fee. For a limited time, new customers will enjoy 0% p.a. on balance transfers for 26 months, a one-time 2% fee applies. As a cardholder, you will enjoy complimentary overseas travel insurance up to 6 months that includes unlimited medical expenses plus pay no foreign transaction fees, making it ideal when you travel.
New customers only. Other fees, T&Cs apply.
Purchase Rate (p.a)
14.99%
Balance Transfer (p.a)
0% for 26 months 2% balance transfer fee applies.
Reverts to 14.99% p.a.
Annual Fee (p.a)
$0
Pros and cons
- Cash advance rate of 21.99% p.a.
Creditcard.com.au review
Editor Review
Bankwest Zero Platinum Mastercard
Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. Ask Roland a Question about this card.
The Bankwest Zero Platinum Mastercard
Providing a selection of platinum perks with no annual fee, the Bankwest Zero Platinum Mastercard could be the perfect option for cardholders who want more, while paying less. Cardholders can benefit from travel insurance and retail cover on purchases, with no foreign transaction fees to worry about when making purchases overseas. Plus, this card currently offers 0% p.a. on balance transfers for 26 months with a one-time 2% balance transfer fee to new cardholders.
What we love...
It’s not often you come across a platinum card with no annual fee. While some may have introductory offers that reduce the amount you pay in annual fees over an introductory period, or perhaps offer a lower annual fee if you meet a certain yearly spend, the Bankwest Zero Platinum Mastercard is much more appealing than that.
Giving you the opportunity to save on interest and card costs, this card has no annual fee, ever. Plus, as a new cardholder, you can take advantage of the 0% p.a. on balance transfers for 26 months (a 2% balance transfer fee applies) allowing you to clear off your existing balance sooner and save heaps on interest. On top of that, any balance remaining would revert to the card’s purchase rate, instead of the higher cash advance rate.
Regardless of how much you spend – or don’t spend – the Bankwest Zero Platinum Mastercard provides an excellent way to save money and could help keep costs down with its other handy features. Offering interest free shopping, the card gives up to 55 days interest free on purchases to cardholders, which could come in handy on larger items, as well as everyday spending.
It is worth noting that this interest free feature is quite common. What’s not so common, though is this card’s absence of a foreign transaction fee. Whether you’re using the card when travelling overseas, or you’re using it at home to shop online at overseas retailers, this feature could save you some serious cash.
Some credit cards charge up to 4% on foreign currency transactions, which can substantially reduce any savings made when shopping overseas. It can also make travelling much more expensive than it needs to be. With no foreign transaction fees on the Bankwest Zero Platinum Mastercard, transactions can come at no cost (this doesn’t apply to ATM transactions).
What’s not so great...
The Bankwest Zero Platinum Mastercard may be a platinum card, but it’s not overly burdened with platinum features. No annual fee cards tend to offer fewer features, as cardholders are technically not paying for them. However, as long as you are happy with the features that are on offer, you can enjoy them at no cost, as long as you clear your balance by the due date.
Why should you choose this card?
The Bankwest Zero Platinum Mastercard could be the ideal option for anyone who wants to bust credit card debt while saving on interest and fees as well as those who travel overseas, or shop online at international retailers. As we mentioned before, it offers 0% p.a. on balance transfers for 26 months, charges no annual fee, and has no foreign transaction fee so you can potentially save more with this card.
Another reason why the Bankwest Zero Platinum Mastercard may work well for keen travellers is its range of overseas travel insurances. Cardholders can take advantage of cover on overseas travel, as well as interstate flight inconvenience insurance and transit accident insurance. Retail purchases benefit from cover on extended warranty, price guarantee, and purchase security.
One additional feature that’s worth a mention is the card’s compatibility with Bankwest’s Halo payment ring. For a one-off fee of $15, this ring provides contactless payment technology linked to your card, allowing you to tap-and-go at the checkout. No app or charging required, the ring is sized for you, is wearable pretty much everywhere, and is waterproof up to 50m.
Overall Rating
Providing cardholders the opportunity to save on interest and annual fees, the Bankwest Zero Platinum Mastercard offers a longer balance transfer intro offer with perks on the side including travel and retail cover plus, it has no annual fee and no foreign transaction fee.
User reviews
Rates and fees
Interest rates
Purchase rate 14.99% p.a.
Cash advance rate 21.99% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 0% p.a. for 26 months
Balance transfer revert rate 14.99% p.a.
Balance transfer from personal loan No
Balance transfer fee 2% one off
Balance transfer limit 95% of approved credit limit
Banks you can't balance transfer from Bankwest
Credit limits
Minimum credit limit $6,000
Maximum credit limit N/A
Fees & repayments
Annual fee $0 p.a.
Additional card holder fee Up to 3 at no extra cost
Foreign transaction fee 0%
Minimum repayment 2% or $20 (whichever is greater)
Cash advance fee 2% or $4 (whichever is greater)
Late payment fee $25
Additional features
Complimentary insurance
International Travel Insurance Yes - up to 6 months
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, Samsung Pay, Google Pay, Garmin Pay, & Fitbit Pay or Australia’s first payment ring - Bankwest Halo
Overview
Bankwest Zero Platinum Mastercard
As an introductory offer, new customers can save on interest payments for existing debt with 0% p.a. on balance transfers for the first 26 months (a one-time 2% fee will apply), reverts to 14.99% p.a. Cardholders can also take advantage of up to 55 days interest free on purchases, 24/7 online account access, Mastercard PayPass, 3 free additional cardholders, 24/7 Personal Concierge, 3 months protection against loss, theft or accidental damage for goods purchased on the card, and extended warranty.
Key features
- Pay no annual fee
- 0% on balance transfers for 26 months with 2% balance transfer fee (reverts to 14.99%). New customers only.
- Purchase rate of 14.99% p.a.
- No foreign transaction fees on online and overseas purchases
- Up to 55 days interest free on purchases
- Complimentary international travel insurance, extended warranty, purchase security and price guarantee cover
- Pay with your compatible device using Apple Pay, Samsung Pay, Google Pay, Garmin Pay, & Fitbit 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.
You have your personal details ready to complete the online application
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.
Ask a question160 questions (showing the latest 10 Q&As)
can i have a direct debit transaction set on this account? e.g. i want to set a fortnightly derive debit to pay down a loan but i don’t want the cash advance fees. i’m not sure i can achieve this without incurring the 21% cash advance fee.
Hi Glenn, You can set up direct debits on this card, however, paying off a loan would be considered a cash advance transaction and would therefore be subject to the cash advance rate of 21.99% p.a. and the 2% cash advance fee. If you need to pay off a loan and want to use a credit card, Citigroup (Citi, Coles, Virgin Money, Qantas Money) allow you to balance transfer personal loan debt onto a credit card. This means you could effectively pay 0% interest on your loan for an introductory period and pay it off using the credit card. Just make sure to check your eligibility before applying for any new credit card.
Does the Bankwest Zero platinum mastercard have a true exchange rate or is it the usual 4c to the dollar on foreign transactions? Thanks
Hi Jason, it should use the standard mastercard exchange rate. https://www.mastercard.us/en-us/personal/get-support/convert-currency.html. I hear you that most banks charge on top of this with foreign fees.
With Zero Platinum Mastercard, does the no foreign transaction fee mean no foreign transaction fee and no foreign currency conversion fee? Thanks,
Hi Helen, no foreign transaction or foreign conversion fees.
I am an Australian living in France at the moment, is it possible to get this card sent to France?
Hi JJ, this is no go. To apply for an Australian credit card you need to be residing/working in Australia with an Australian address.
1. What is you interest rate per month? 2. How often do I need to use the card per month to keep it active? 3. Do I need a bank account? 4. Is there an annual fee on the card?
Hi Gayle, purchase rate is 17.99% p.a. That works out as at around 1.5% per month. You do not need to use the card to keep it active. You do not need a Bankwest bank account. There is no annual fee.
Hi, how do I apply for this credit card ?
Hi Karen, you can apply directly on the Bankwest website - https://www.bankwest.com.au/personal/credit-cards/lp/no-annual-fee/zero-platinum
Hi, I am interested in applying for the Bankwest Zero Platinum Mastercard. My concern is i don't have a permanent job and earn less than $60,000 [used to earn that much but not now]. At present, I work in retail as a casual for nearly 4 years. My average earning is about $2500 a month after tax. I have a good credit history. I own a credit card and recently paid it all off and now clean and comfortable. I just would like to know what is the likelihood of my applying at this time and get approved? Your expert opinion in this matter is greatly appreciated. Regards Lindsay
Hi Lindsay, you need to the meet the minimum requirements to apply. If not, you will be automatically declined. If you are really keen on the card. Wait until your income is back to where its required.
Is currency conversion fee charged if this card is used overseas.... Thank you
Hi Gurtej, no, the Bankwest Zero Platinum has no currency conversion fee.
Hi Rolan, Can you advise if the Bankwest zero platinum card has a rewards cashback facility linked to it? I'm looking for a credit card with no annual fee but with a cashback rewards option. Much appreciated, Jess
Hi Jess, there is no rewards program with this card. I do not know any no annual fee visa or mastercard that has cashback rewards. I would have a look at the AMEX range. They may have some ability for gift cards from the reward points. They have a few no annual fee options.
In case people feel that the $65,000 earnings criteria rules them out, that actually no longer applies. Use the online chat to double-check current eligibility criteria.
Hi Will, they removed guidance on minimum income requirements. Though in the past it had been around these levels. Many banks have done this on cards for legal reasons. This allows them to be flexible on that requirement also. You need to make sure you can get approved for the card you are looking to apply for. If you are declined or are offered a lower card based on income (than you want). Then this can affect future applications. As long as you know that you could be either declined or offered one of the 3 versions of the card based on Bankwest criteria. I have had a number of people that wanted the Platinum. Though they received the standard. If you apply, please let me know how you go. Credit approval has certainly tightened in these current economic times.
Hello Roland, How would you compare and rank the Bankwest Zero Platinum and the Latitude 28° Global Platinum Mastercard ? Thanks. Regards.
Hi Carlos, I think the Bankwest Zero Platinum is better. Based on the fact that its Bankwest and you can use other features such as the Halo ring. Also the additional travel insurance feature. Issue though is that Bankwest use 1 form application for all 3 versions of the card. To get the Platinum version, as a guide, you need at least 65k minimum income. Once you complete the application, and get approved. Then Bankwest will decide which version of the card you will get. Many are being offered the standard Bankwest Zero. I have the 28 Degrees card myself and just use it for the no foreign fees feature.
Hi guys, I'm a sole trader who imports probably $1k worth of goods overseas into Australia every 2 weeks. Could you advise what the best card would be for me? Especially to avoid international transaction fees. Thanks!
Hi Aisa, this Bankwest Zero Platinum is a good card. Though to get the platinum you need to have high income. As a guide minimum 65k. They can offer you the lower stardand or gold versions which have lower requirements. Though have a look at this Macquarie Bank credit card, https://www.creditcard.com.au/macquarie-black-qantas-rewards-credit-card/. It again requires high income at 70k minimum a year. Though the benefit is you get no foreign fees plus earn reward points.
Hi Roland, What is the best card with minimal fee or no fee but has some points for money spent. Including one free additional card for my partner. No amex.
Hi Tony, its tough outside of AMEX to get a no annual fee points earning card. Have a look at the Qantas Everyday which is my pic. Additional card holder fee is $25 p.a
If we are paying off this card via BPay is there an online handling fee, or any charges?
Hi Marilyn, no there should be no extra fees with Bankwest Zero for paying off via bpay.
Hey Roland -- I just moved back to Oz from overseas. I have excellent credit but no income right now. Still worth applying or absolutely no point?
Hi G, welcome home. Nice on the good credit. Wait to apply for a card once you have income. Without income right now there is no chance for approval. It would be good to wait at least 3 months post income before applying. I would say most banks would like to see 6 months.
Hi I have a BankWest Platinum credit card. If I get a Halo ring can that be used for credit or is it a just for a debit card. Also can it be used overseas
Hi Christopher, yes you can link it to your Bankwest credit card as well. Yes it can be used overseas. Anyway that PayPass is enabled within the eftpos terminal. Some countries / merchants may not have this feature but so many do.
I would like to apply for a credit card for my travels to London in 2 weeks. I've never had a credit card, so I'm a bit confused but my friend recommended this card. Could you please help me?
Hi Zoe, this is a great card and definitely recommended for travel. Through you would need at least 65k income as guide to get the Platinum version. They have 3 versions of the card with 1 application form. Depending on your situation you are offered one of the 3. Hopefully you have applied already as it takes typically 5-10 working days to get the card.
what are your currency exchange rates for the Euro and GBP? (you can use today's rates)
Hi Chris, You can check on the Mastercard site - https://www.mastercard.us/en-us/consumers/get-support/convert-currency.html
I have an excellent credit rating and want to apply for a credit card I am a pensioner do I qualify?
Hi Alfred, this card itself is difficult to get approved for. A guide income of 65k is required for the Platinum version. Many people are just offered the standard card. Its one application form for all 3 versions of the card. Then the bank decides. Now it could be possible to get approved. Though I would say you would need income outside of the pension. If you are putting away money every month this would be a good sign to the bank that you have excess funds. Bankwest can be flexible for pensioners.
Hi, how long will it take to receive a new platinum zero card if I apply today?
Hi Payal, there is no set time that it would take. Typically 5-10 working days is a level of time to get the card from application. The Bankwest Zero range has just one application. The bank then decides post this whether you get the standard, gold or platinum version. In the past the guidance for getting the Platinum is a minimum income of 65k.
Featured Credit Cards
Apply by 30 Jun 21
Citi Rewards Credit Card – Balance Transfer Offer
Transfer Personal Loans, Store and Credit Cards
$0 saved over 30 months
Julia
5 November 2019I have had this card for a year and I have no complaints. This card is the perfect travel companion! While you do not get any rewards, all of the other features make up for it (i.e. no annual fees, waived international fees etc.). Service from the Bankwest staff was also impeccable - I had only a week before my holiday and they kept me updated throughout the entire process, and got the card to me super fast!
Recommends this cardCreditcard.com.au Visitor
17 May 2013Great card , no annual fee, no foreign exchange fees and true exchange rate plus free travel insurance . This card suits me better than anything on the market. I don't even bother looking at interest rates as I don't use any card as a loan. Never had an account to with bankwest until I got this card a couple years ago. I now have an online savings account too.
Recommends this cardCreditcard.com.au Visitor
28 January 2013A really good value card with lots of good offer and no fees at all.
Recommends this cardCarol-Ann Donnelly
28 January 2013How often do you find a platinum card with no annual fee?? You get a personal concierge and a whole heap of other perks like different insurances and no foreign exchange fee when you buy stuff overseas. Great if you travel a lot or shop a lot online.
Recommends this cardPeter Ali
28 January 2013After opening a bank account with Bankwest I decided to look into their credit cards as well as they seemed to be offering good deals. This one has some good perks but I got it mainly for the purchase offer. Think it will be good in long term as well though.
Recommends this card