• Rates
  53%
• Fees
  78%
• Rewards
  N/A
• Customer Service
  69%
• Value
  67%

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.

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. It has no annual fee, ever.

Regardless of how much you spend – or don’t spend – the Bankwest Zero Platinum Mastercard has no annual fee, for the life of the card. Providing an excellent way to save money on annual fees, this card could help keep costs down, while offering handy features, such as up to 55 days interest free on purchases.

Giving you the opportunity to save on interest as well as annual fees, this feature is available to cardholders who clear their balance by the due date each month. 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.

Potential cardholders should note that there are no introductory offers to entice them. But, if you happen to have an existing credit card balance, you may choose to transfer it to the Bankwest Zero Platinum Mastercard to enjoy a lower rate of 2.99% p.a. for nine months. It may not be the lowest balance transfer offer in town, but it could still help to save money.

Why should you choose this card?

The Bankwest Zero Platinum Mastercard could be the ideal option for anyone who travels overseas, or shops online at international retailers. As we mentioned before, this card has no foreign transaction fee, so these transactions could be substantially cheaper on the Bankwest Zero Platinum Mastercard than on other cards.

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 $39, 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

Offering cardholders the opportunity to save on annual fees, the Bankwest Zero Platinum Mastercard has no annual fee for the life of the card, with perks on the side including travel and retail cover, and no foreign transaction fee.