Bankwest Zero MasterCard

• 0% p.a. intro purchase rate for 6 months - Apply by 31 May 2012
• No Annual Fee, ever!
• Awarded ‘Best Transactor Credit Card’ by Money magazine every year for the last 5 years!
• Save more with 4.99% p.a. for the first 9 months on non-Bankwest credit card balance transfers
• Up to 55 days interest free
• 24/7 account access via Bankwest Online Banking
• Plus, if you qualify for Platinum you can enjoy waived foreign transaction fees and complimentary travel insurance with unlimited medical expenses and up to $30,000 cover for loss/damage/theft^ at no extra cost
• Up to 3 additional cardholders - free!
• Read the terms and conditions

• Pay no annual fee for life.
• Add up to 3 additional cards at no extra cost.
• Balance transfer offers with lower interest rates are available.

How does the Bankwest Zero MasterCard compare for rates and fees against an average credit card? Based on the data from our website this credit card comparison scorecard shows:

		Purchase Rate	Cash Adv Rate	Annual Fee	Bal. Transfer Rate	Bal. Transfer Rate Period
	Bankwest Zero MasterCard	17.99%	18.99%	$0	4.99%	9 months
	The Average Credit Card	17.17%	21.04%	$95	3.04%	7 months

You can transfer from:



• ANZ
• Aussie
• Bank of Melbourne
• Bank of Queensland
• Bank SA
• Citibank
• Coles
• Commonwealth Bank
• HSBC
• NAB
• St.George
• Suncorp
• Virgin
• Westpac
• Woolworths

You cannot transfer from:



• Bankwest

The BankWest Zero MasterCard is a smart everyday credit card with no annual fees, ever. It was awarded the 2010 'Best Transactor Credit Card’ by Money magazine and is well worth a look at if you’re looking for a cheap, rewarding card.

Pros

The card offers a good deal on balance transfer (4.99% p.a.) and purchase rates (17.99% p.a.) for an introductory period and a low ongoing rate on purchases. You get the standard 55 days interest free on purchases and access to ‘RewardMe’ instant rewards and discounts meaning every dollar you spend goes further.

You can use the card just about anywhere at over 29 million outlets worldwide. You get 24/7 account access via BankWest Online Banking and up to 3 additional card holders for free.

Last but not least, the zero annual fee feature is perhaps the biggest draw! It means there is no minimum income and you can benefit from the card without the burden of fees.

Cons

Like with any card, making your monthly repayments is the only way to avoid having the card cost you. No matter how low the rates are, you’ll still pay if you’re sloppy and slow to pay the bill. As soon as you get behind, any benefits you’re enjoying by having the card are slipping through your fingers.

Conclusion

If you’re a low to mid income earner looking for a smart, everyday card that will cost you the bare minimum (nothing if you are on top of repayments), this card would be well worth your consideration. It’s basic, but still offers a rewards program. You very rarely get a card with rewards but no annual fee!