Bankwest Zero Platinum Mastercard | Details & Comparison

Bankwest Zero Platinum Mastercard

Card features
balance transfer
purchase rate
annual fee
Bankwest Zero Platinum Mastercard
No annual fee.
2.99% p.a. for 9 months on balances transferred.
No foreign transaction fees and complimentary international credit card travel insurance.
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?

No annual fee.
2.99% p.a. for 9 months on balances transferred.
Up to 55 days interest free on purchases.
No foreign transaction fees on online and overseas purchases.
Free international travel insurance, extended warranty, purchase security and price guarantee cover.
Interstate flight inconvenience insurance and international vehicle excess insurance.
Free worldwide emergency card replacement.
Enable for Apple Pay, Google Pay or Samsung Pay and Mastercard PayPass. Also enable for Bankwest Halo payment that works just like a contactless card.
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 Platinum MastercardReviewed by Yvonne Taylor

A card with platinum benefits, including the full set of travel insurance and shopper’s insurance policies, for a zero annual fee – not just in the first year, but every year. Is it possible? Yes it is, and it’s called the Bankwest Zero Platinum Mastercard. It even has a promotional low interest rate on balance transfers.

All the insurance provided by competing cards with a three-digit annual fee

You could pay an annual fee of hundreds of dollars to get this much insurance cover with other cards, but in this case it will cost you nothing. Maybe that’s because you’re not interested in rewards or frequent flyer points, since it takes a lot of spending to recover the cost of a sky-high fee. Instead, you can put the cash you save towards paying for your next holiday (covered by free travel insurance) or a new TV (covered by free extended warranty, purchase protection and best price guarantee insurance). Here’s the list of truly free policies:

  • International travel insurance: multi-trip cover for journeys up to six months long, covering emergency medical expenses, luggage, unavoidable cancellation, rental vehicle insurance excess, and more
  • Interstate flight inconvenience insurance: covers flight and luggage delays, personal items loss or damage and unavoidable cancellation, for domestic trips of up to two weeks
  • Transit accident insurance: cash compensation for serious injuries while using public transport overseas
  • Extended warranty: doubling the manufacturer’s warranty, up to a maximum of one extra year
  • Purchase protection insurance: three months’ cover, for major personal items purchased with the card, against loss, theft and accidental damage
  • Price guarantee insurance: if you see your recently-purchased item advertised for sale at a lower price, located at a store within 25 km of the original purchase store, you could get a refund of the price difference (excludes items purchased online)

Activate the insurance by purchasing with your card the items to be covered, or full fares for the interstate flight inconvenience and transit accident cover, and $500 of pre-paid trip expenses for the overseas travel cover.

Introductory 2.99% p.a. on balance transfers

There are lots of balance transfer offers around with a longer term and 0% interest, so this offer of 2.99% p.a. for 9 months will probably only appeal if you are already sold on the card’s other features. But don’t dismiss it too soon, for there are worthwhile savings to be had.

There’s no upfront fee to pay, and if you transfer a $5,000 debt from a card where you are currently paying 20% p.a. on an overdue balance, you would pay $634 less in interest charges during the nine months.

Even if you could afford to repay that $5,000 right now, you could put the cash in your 4% p.a. mortgage offset account instead. You’d save $152 in mortgage interest while paying only $113 in balance transfer interest.

The revert interest rate is not the high 21.99% p.a. cash advance rate but the much lower ongoing purchases interest rate.

Up to 55 interest-free days on purchases

It’s worth remembering that having an unpaid balance transfer on your account will deprive you of the normal interest-free days on purchases (up to 55 on each transaction). But those interest-free days will still be waiting for you when the balance transfer is repaid.

Ongoing purchases interest rate is fairly low for a platinum benefits card

If you sometimes find yourself unable to clear your purchases balance in full and end up paying interest, you won’t be paying the rate of around 21% p.a. often found on platinum cards. This card’s interest rate is a much lower 17.99% p.a.

No fee for foreign transactions

The absence of any foreign transaction or currency conversion fees is a boon for both overseas travellers and online shoppers. Some cards levy a fee of as much as 3.5% on overseas transactions.

No fee for emergency card replacement

In another win for overseas travellers, Bankwest will replace your card absolutely free of charge, wherever you are in the world, if it is lost or stolen. Compare this with other banks who charge $200 and upwards for the same service.

Some fees are high but avoidable

It’s not all good news in the fee department. The $25 late payment fee is much higher than average, and there’s a $1.25 monthly charge for paper statements. But there’s no need to pay either of these fees if you are in control of your finances: just pay at least the 2% monthly minimum repayment on time, and view your statements online.

Perth Arena discounts

The 10% discount on food and beverages at the Perth Arena, plus ticket giveaways and competitions, will probably only interest Perth residents and frequent visitors. But you don’t need to live in WA to get lots of real value from this card, and you can manage your card online or via the Bankwest mobile app. Bankwest also has branches and ATMs in all other states and territories.

Compare other non-rewards platinum benefits cards

A potentially fee-free card with platinum insurance benefits and other perks is a rare offering with few competitors. You’ll probably struggle to find one with the full suite of insurance policies including overseas travel cover, but you can check out the competition on the 'No annual fee’ page in our 'Features’ section at the top right of this page.

Your card, if you like getting lots and paying nothing

This one is for you if you like the idea of platinum insurance benefits at zero cost. While some people may question the value of credit card complimentary insurance, those who have made successful claims know that it is worthwhile. And in this case the card costs you nothing to keep in your wallet until you need it for emergencies, or to activate that valuable insurance cover.

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

3.5 out of 5.0 based on 8 reviews88% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

No annual fee, free inclusions, great service

Reviewed and recommended by Ocea on 28 Apr 2017

I’m 100% happy: no annual fees, an average interest rate (but I pay in full monthly so there’s no cost), and awesome free inclusions like travel insurance. If I book flights or accommodation using the card, it’s all covered by insurance.

I missed a connecting flight home from China and had fraudulent activity which was no fault of my own. The bank was amazing at a very difficult time.

A card for all my foreign currency transactions

Reviewed and recommended by Gigi on 05 Dec 2016

This is my go-to card for all of my foreign currency transactions. With no annual fee, it doesn’t cost me anything to keep it in my wallet and it saves me heaps of foreign currency transaction fees when I shop online or travel overseas.

The only drawback is that I don’t get any reward points for spending on this card. That’s a small price to pay for the amount of money it saves me.

Good for regular travellers, but no reward points

Reviewed and recommended by Indra on 05 Dec 2016

This card is suitable for people who like to travel regularly. It comes with free travel insurance and no foreign exchange fee.

Statements are delivered electronically unless you opt-in for paper-based statements, for a fee.

There’s no annual fee on the card, but there are no reward points either. I have had this card for many years simply because there is no annual fee, but I hardly use this card due to the fact that it is not earning points. So I just keep it as a rainy-day card.

Perfect card for travellers

Reviewed and recommended by Jessica on 05 Dec 2016

We decided to go with this credit card for the purpose of international travel. There are no fees, and best of all no currency conversion fees. This means it’s not only good for travelling, but international online purchases too.

The setup was easy, and we haven’t had to deal with Bankwest much, which is a good thing! I have no complaints about service.

Great for travel

Reviewed and recommended by Christina on 10 Aug 2016

It is a great card for travel and convenience and I would recommend it to anyone who travels overseas on work or for leisure. Also you do not get charged an annual fee, and travel insurance is included when you purchase your ticket for travelling via the credit card.

Worth it

Reviewed and recommended by E on 02 Jul 2016

This card saved me lots of money. There are no annual or application fees ever, low interest and only 2% cash withdrawal fees—that’s low when compared to other cards which are generally 3%. On top of that, there’s no international transaction fees, making this an excellent choice for overseas traveller. You will also get free insurance on overseas purchases. Highly recommended.

Pay on time and get late fees

Reviewed and not recommended by Doug on 01 Dec 2015

Generally this card is excellent but Bankwest really sucks. I always pay on time with BPAY and last bill they charged me late fees saying BPAY processing time varies. That is their problem not mine. I don’t get mobile service at my house, so I can’t use their online banking because they need you to have a mobile phone or they restrict you to the point that online banking becomes useless. Can’t change the PIN or set up new payments. I always pay on the due date, but I am cancelling this card because of this.


Reviewed and recommended by Chennedy on 15 Jul 2015

This is a very flexible card. It is accepted everywhere I need. I appreciate the free travel insurance and the overseas purchases conversion fee waiver is most appreciated as I buy overseas a lot. I also found the dispute resolution team invaluable and extremely helpful and fair minded. They helped me out of a deep hole. Highly recommended.

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 Platinum 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 $65,000 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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