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Bankwest Zero Platinum Mastercard
Bankwest Zero Platinum Mastercard

Bankwest Credit Cards

Bankwest Zero Platinum Mastercard

Updated 1 July 2020

The Bankwest Zero Platinum Mastercard gives you platinum perks with no annual fee. This is a great card if you like to travel or purchase online in other currencies. As a cardholder, you can enjoy complimentary overseas travel insurance up to 6 months that includes unlimited medical expenses. On top of this, it is one of the few cards in the market where you will pay no foreign transaction fees, making it ideal when you travel.

Purchase Rate (p.a)

17.99%

Balance Transfer (p.a)

2.99% for 9 months No BT fee. reverts to 17.99% p.a.

Annual Fee (p.a)

$0

$0 over 9 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • Pay no annual fee
  • 2.99% on balance transfers for first 9 months (reverts to purchase rate)
  • 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 & Google Pay™ or Australia’s first payment ring - Bankwest Halo

  • 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. 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.

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. 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, with perks on the side including travel and retail cover, and no foreign transaction fee.

User reviews

Bankwest Zero Platinum Mastercard ( based on 9 Creditcard.com.au user reviews )

68% rating based on 9 reviews

Rates
Fees
Rewards
Customer Service
Value
72%

Julia

5 November 2019

I 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 card
84%

Creditcard.com.au Visitor

17 May 2013

Great 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 card
92%

Creditcard.com.au Visitor

28 January 2013

A really good value card with lots of good offer and no fees at all.

Recommends this card
87%

Carol-Ann Donnelly

28 January 2013

How 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 card
81%

Peter Ali

28 January 2013

After 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

Rates and fees

Interest rates



Purchase rate 17.99% p.a.

Cash advance rate 21.99% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 2.99% p.a. for 9 months

Balance transfer revert rate 17.99% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

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 $0 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

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 & Google Pay™ or Australia’s first payment ring - Bankwest Halo

Overview

Bankwest Zero Platinum Mastercard

As an introductory offer, you will also only pay 2.99% on balance transfers for the first 9 months (reverts to the purchase rate). 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
  • 2.99% on balance transfers for first 9 months (reverts to purchase rate)
  • 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 & 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.

151 questions (showing the latest 10 Q&As)

Will

Will

11 June 2020
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.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 June 2020
    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.
Carlos

Carlos

11 June 2020
Hello Roland, How would you compare and rank the Bankwest Zero Platinum and the Latitude 28° Global Platinum Mastercard ? Thanks. Regards.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 June 2020
    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.
Aisa

Aisa

17 May 2020
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!
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    18 May 2020
    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.
Tony

Tony

14 May 2020
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.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    15 May 2020
    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
Marilyn

Marilyn

8 April 2020
If we are paying off this card via BPay is there an online handling fee, or any charges?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    9 April 2020
    Hi Marilyn, no there should be no extra fees with Bankwest Zero for paying off via bpay.
G

G

10 February 2020
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?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    11 February 2020
    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.
Christopher STEWART

Christopher STEWART

6 February 2020
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
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    7 February 2020
    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.
Zoe

Zoe

23 January 2020
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?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    28 January 2020
    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.
Chris

Chris

12 January 2020
what are your currency exchange rates for the Euro and GBP? (you can use today's rates)
Alfred Costa

Alfred Costa

2 January 2020
I have an excellent credit rating and want to apply for a credit card I am a pensioner do I qualify?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    6 January 2020
    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.
Payal

Payal

22 November 2019
Hi, how long will it take to receive a new platinum zero card if I apply today?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    22 November 2019
    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.

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