Bankwest Zero MasterCard | Comparison & Application

Bankwest Zero Mastercard

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balance transfer
purchase rate
annual fee
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Bankwest Zero Mastercard
Pay no annual fee as long as you hold the card.
2.99% p.a. for 9 months on balances transferred.
Up to 55 days interest free on purchases.
Add to comparison
9 months
2.99% p.a.
then 17.99%
with a 0% fee
17.99% p.a.

Pros & cons

What's good?

What's not so good?

Pay no annual fee as long as you hold the card.
2.99% p.a. for 9 months on balance transfers for new customers.
Up to 55 days interest free on purchases.
Add up to 3 additional cards at no extra cost.
Free worldwide emergency card replacement.
Pay faster using Mastercard PayPass.Google Pay.
Enable for Apple Pay, Google Pay or Samsung Pay.
There is a cash advance rate of 21.99% p.a.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

Our review

Our review of the Bankwest Zero MastercardReviewed by Yvonne Taylor

No upfront fee on balance transfers. No fee for emergency card replacement, worldwide. No messing about with 'complimentary’ rewards points and insurance policies you ultimately have to pay for. No charge for additional cardholders. In fact, no annual fee at all, ever. The Bankwest Zero Mastercard adds up to a whole lot of zeroes, in all the right places.

Fee-free balance transfer at a low 2.99% p.a. for 9 months

Are you sick of paying around 20% p.a. on your credit card debt, and making no headway with your repayments because they do little more than cover the interest charges? Well now you can transfer your debt to a new Bankwest card, pay only 2.99% p.a. on the debt for 9 months (that’s far lower than a debt consolidation personal loan rate), and watch your repayments significantly reduce the debt principal because the interest charges are low.

Best of all, there’s no upfront balance transfer fee to pay (some cards charge as much as 3% of the transferred amount), so your debt doesn’t increase when it’s transferred.

Revert interest rate is the lower purchases rate, not the high cash advance rate

Promotional interest rates on balance transfers can be very worthwhile, unless you fail to fully repay the debt during the promotional period. Once the introductory offer expires, the revert interest rate can be punitive. It’s often the card’s extremely high cash advance interest rate.

But not in this case. Although the Bankwest Zero Mastercard’s cash advance rate is very high 21.99% p.a., the revert interest rate is the ongoing purchases interest rate of 17.99% p.a. It’s a rate you’ll still want to avoid, by clearing your debt within nine months if possible, but paying 17.99% less painful than facing the 21% p.a. or 22% p.a. imposed by some cards as a
revert rate.

Up to 55 days interest free after you repay your balance transfer

If you don’t plan to transfer a balance, you can immediately take advantage of up to 55 days interest free on your purchases every month, provided you always pay off your purchases balance in full, on or before the due date.

For those planning to transfer a balance, those interest-free days will still be waiting for you after you have completely repaid the debt. Meanwhile, try to use cash or another card for your purchases during the next nine months, otherwise you’ll be paying 17.99% p.a. on all your purchases, from the transaction date until the purchases balance repayment date.

Choose a low credit limit to keep your spending in check

One of the helpful features of this card is that it doesn’t force you to have a high credit limit you are not comfortable with. You can choose a manageable limit as low as $1,000, if that suits your spending pattern and capacity to repay.

High late payment fee

You must make an on-time repayment of at least 2% of your total balance every month in order to avoid the very high $25 late payment fee. This is not the highest late payment fee around, but it’s near the top of the scale.

Your minimum repayment amount and due date will be shown on your monthly statement.

No charge for emergency card replacement

The late payment fee may be high, but here’s another one of the pleasing zeroes: no charge for emergency replacement if your card is lost or stolen, wherever in the world you are at the time. It’s not unusual to be charged $200 or more for a card replacement overseas, so this is a definite bonus.

Perth Arena benefits

Perth residents and visitors can enjoy a 10% discount on food and beverage purchases at the Perth Arena, plus access to the Backstage Lounge, event ticket giveaways and competitions.

But anyone in Australia can have a Bankwest credit card. Bankwest has branches and ATMs in all states, as well as online banking and a mobile app.

The best annual fee – zero

Here’s where the card truly earns its name. There’s no annual fee, ever, so you can afford to keep it in your wallet just for emergencies if that’s the only reason you carry a credit card.

Check out other 'no annual fee’ cards

Other cards free of annual fees can be viewed on our 'No annual fee’ page in the 'Features’ section. There you’ll find the ME frank credit card, the Citi Simplicity Card, the 28 Degrees Platinum Mastercard and several American Express cards. Compare their features with this Bankwest card to find out which card suits you best.

A good starter or student card

If you’re on a tight budget and just starting to find your way in the world of credit cards, this could be a good starting point. With a combination of zero annual fee and a purchases interest rate that’s lower than many other cards, it could be your friend in need when your finances don’t turn out quite as you’d expected.

Equally, for anyone wanting to move on from their existing card, the low-interest balance transfer offer could be just the incentive you’re looking for.

Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

3.3 out of 5.0 based on 12 reviews92% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

No frills - just what I want

Reviewed and recommended by Mel on 16 Nov 2016

Like the title states, I want a credit card with no frills.
So no annual fees — tick.
Low interest rate — tick.
No cumbersome rewards program — tick.

I use my credit card to pay bills and other essentials without having to keep track of spending to gain points — just what I need in these leaner times. It makes for much easier decision-making as I only purchase what I need.

I haven't saved a lot with this card

Reviewed and not recommended by Justin on 21 Oct 2016

I have used Bankwest for a number of years. When I first opened my account and got my card I was drawn by the high savings account interest rates as opposed to any other bank. But in time things change, and the rates are no longer the highest.

However, I do find their customer service excellent, and the convenience is great for making deposits outside business hours as I can visit the machine 24 hours a day and cash a cheque or deposit money.

Have I saved as much as I wanted with my MasterCard? No. I haven’t met my goal and will probably sacrifice convenience and customer service for a card that offers more rewards with a bank that offers higher interest.

Locked interest rate

Reviewed and recommended by Haley on 15 Oct 2016

I find this card helpful and use for most of my everyday activities. I trust this bank and I have a locked interest rate which is great because I have a house to maintain and bills that I don’t need inflated in rates creeping up on me.

The fees are higher than most if you do nothing towards keeping your bill down.

It's handy, with minimal fees

Reviewed and recommended by Peter on 09 Oct 2016

It is handy for direct payments with minimal fees.

The bank is handy with good customer service. Any problems they have fixed with no fuss and with the card they have very good safety measures in place that make you feel safe and secure with them. I trust this bank with my banking.

Cheap card, no hidden fees

Reviewed and recommended by Darren on 23 Sep 2016

Good, all-purpose card, with excellent customer service if needed. I have had it for a number of years and am yet to have any problems with it.

I would like the interest rate to drop in line with the Reserve Bank rate, but I can’t see any bank doing this.

There are no hidden fees, and everything is spelled out clearly.

Excessive security

Reviewed and recommended by Sarah on 21 Sep 2016

I chose this credit card because it has no annual fee and I am still very happy with that feature.

The interest rate is high (21%) and there are no rewards whatsoever.

Bankwest’s security is excessive. Twice I have had my card cancelled without any warning or communication, leaving me with no card for some days. They claim they are cancelling it because my card was used to purchase something at a business, within the last five years, that has since been linked to possible hacking problems. I’m sick of having my card cancelled without any discussion with me. I think I should have a say in whether I want my card to be cancelled or not, depending on what actually happened to trigger the call to me.

Competitive interest rate makes up for no rewards

Reviewed and recommended by Trish on 17 Jul 2016

I have had the BankWest Zero MasterCard for eight years now. It is handy and convenient, and its interest charges switch to a competitive 11.99% p.a. after the first year of zero interest charges.

Whilst it does not have any reward partners (e.g. airlines) that is OK because of its low rates.

Pretty happy overall

Reviewed and recommended by Alira on 02 Jul 2016

I have been pretty happy with this card. I don’t have anything negative to say about it at this stage. The sixty day interest-free period is very beneficial to us. I originally got this card when I opened a home loan account with Bankwest. We have retained the card since then because we are very good at paying the balance on time, and it helps us to make online purchases and pay bills. We have been able to increase the limit a few times. We don’t have reason to change cards or providers at this stage.

Basic no frills credit card

Reviewed and recommended by Sara on 01 Jul 2016

The Bankwest Zero MasterCard has no fees. I really like the online banking setup. It’s very easy to navigate and to see my day-to-day use. It does not offer any rewards, which is a negative, but all in all this is a great no frills, cheap MasterCard.

Good credit card for basic use

Reviewed and recommended by Hayley on 01 Jul 2016

I applied for this card to cover sudden expenses. I don’t need to use it very often, but their customer service is very good and when you do need to use it, it’s easy.

I would definitely recommend Bankwest and this card to anybody. Having recently transferred from Commonwealth and ING to Bankwest, I’m glad I made the transfer. A++ from me.

Show 2 more reviews
Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers2.99% p.a.9 months0%95% of credit limit17.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
First statement
Balance transfer from personal loan
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
95% of credit limit
Available to existing customers

Banks you can't balance transfer from

You can't balance transfer to the Bankwest Zero Mastercard at the promotional balance transfer rate from:

  • Bankwest

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers2.99% p.a.9 months0%95% of credit limit 17.99% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

Cash advances 1.83% 21.99% p.a.
Purchases 1.50% 17.99% p.a.


Annual fee
$0 p.a.
Cash advance fee
whichever is greater, $4 or 2%
Dishonour fee
Duplicate statement fee
Foreign exchange fee
Late payment fee
Over limit fee
Overseas ATM balance fee
Overseas ATM withdrawal fee
Overseas emergency card replacement fee
Transaction verification fee

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $20,000 per year
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Temporary residents are eligible
Age Pension is acceptable.
Joint applications are not allowed
Disability Pension, Overseas Pension, Veteran's Pension and Widower's Pension are not acceptable.
Income from pensions is not allowed
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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