Bankwest Zero MasterCard

• 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 against a credit card of the national average?

		Purchase Rate	Cash Adv Rate	Annual Fee	Bal. Transfer Rate	Bal. Transfer Rate Period
	Bankwest Zero MasterCard	17.99%	21.99%	$0	0%	6 months
	The Average Credit Card	16.84%	21.27%	$89	2.04%	7 months

Methodology: The Scorecard is based on the interest rates and fees from 307 credit cards from 52 banks and credit unions to give a national average on an ongoing basis. Introductory promotional rates are not included in the calculation.

Disclaimer: The data presented in the Scorecard is intended to be a guide. Some factors may affect data accuracy. We try to present accurate and fresh data, but it is possible that our database may not include every credit card on the entire market and that products may change without us being notified.

The BankWest Zero MasterCard is a smart everyday credit card with no annual fees, ever. It 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 (0% 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!