Winner of the 2024 Finder Award for Best Travel Credit Card, the Bankwest Zero Platinum gives you a few ways to save on card costs – including 0% foreign transaction fees and no annual fee ever. Right now, it also offers 0% p.a. on purchases and balance transfers for 6 months with a 3% balance transfer fee.
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🏆 Finder award
Bankwest Zero Platinum Mastercard
Terms and conditions apply
- Balance transfer rate for 6 months with 3% balance transfer fee
- 0% p.a.
- Purchase rate for the first 6 months (reverts to 18.99%)
- 0% p.a.
- Annual fee
- $0 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
The Bankwest Zero Platinum has no annual fee for life and offers 0% p.a. on purchases and balance transfers for 6 months, but with a 3% balance transfer fee.
Finder Awards winner
Pros
-
0% p.a. on purchases for 6 months
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0% p.a. on balance transfers for 6 months
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0% foreign transaction fees online and overseas
-
3 additional cardholders at no extra cost
Cons
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Even with a $0 annual fee and 18.99% p.a. purchase rate, you must still be approved for a $6,000 minimum credit limit.
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Charges a 3% balance transfer fee
Details
Product details
| Product Name | Bankwest Zero Platinum Mastercard |
| Balance transfer rate p.a. | 0% for 6 months with 3% balance transfer fee, then 18.99% |
| Balance transfer limit | 95% of available limit |
| Purchase rate p.a. | Purchase rate p.a. 0% for 6 months, then 18.99% |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate p.a. | 21.99% |
| Min credit limit | $6,000 |
| Card type | Mastercard |
Eligibility
| Available to temporary residents | No |
| Joint application | No |
Rewards
| Bonus points | N/A |
Fees
| Annual fee | Annual fee $0 |
| Minimum monthly repayment | 2% of the closing balance or $20, whichever is greater |
| Late payment fee | $25 |
| Foreign currency conversion fee | Foreign currency conversion fee 0% |
| Cash advance fee | 3% or $4, whichever is greater |
| Overseas cash advance fee | 3% or $4, whichever is greater |
| Overseas ATM withdrawal fee | $0 |
| Additional cardholder fee | $0 |
| Number of additional cardholders | 3 |
Congratulations, Bankwest!
The Bankwest Zero Platinum Mastercard received the following awards in the 2024 Product Awards.
- 'Travel Credit Card' - Winner
- 'Balance Transfer Credit Card' - Highly Commended
How to apply
You can apply for the Bankwest Zero Platinum Mastercard and complete the online application in around 15 minutes. You should receive a response from Bankwest immediately. Before you apply, make sure you've met the eligibility requirements and have the necessary documents to include:
Eligibility criteria
- Residency. You must be a permanent resident of Australia.
- New customers. If you want to take advantage of the introductory offers on this card, you need to be a new Bankwest Zero Platinum Mastercard customer.
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Amy Finder
Editor
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Richard Whitten Finder
November 10, 2024
Hello Narelle,
Once the 6 month 0% period is over, you will pay 18.99% on any current or future unpaid balance on your card. But you still have the 55 days interest free. This means as long as you pay off your balance each month before the interest charges kick in, you can still avoid getting charged interest.
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Lynda
November 08, 2024
What is a balance transfer fee? Transferring money from another source and putting your account in credit ? Taking money out of your account and transferring it to another account?
Richard Whitten Finder
November 10, 2024
Hi Lynda,
A balance transfer is when you move an unpaid card balance from an old card onto a new card. Let’s say you have $3,000 on a card with a high interest rate. You could transfer that $3,000 balance to a new card with a 0% balance transfer offer. This would give you months/years to pay it off with no interest charges.
But with a balance transfer offer there is also a balance transfer fee. It’s a one-off fee of around 1-3% of the amount you transfer. So with the $3,000 example, a 3% balance transfer fee would be $90.
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Lynda
November 08, 2024
If we travel overseas and have our balance in credit on the card, what do we get charged for making purchases with our card? And withdrawing cash from an overseas atm?
Richard Whitten Finder
November 10, 2024
Hello Lynda,
With this card you don’t get charged foreign transaction fees. So you won’t pay that fee when spending overseas. Any unpaid balance on your card will incur interest at the normal purchase rate, whether you are overseas or not (after the 55 days interest free period).
But withdrawing cash from ATMs is different. You’ll pay a cash advance fee of 3% of the transaction amount (or $4, whichever is greater). And withdrawing cash from an ATM with a credit card is quite expensive because you get charged interest at a higher rate (the cash advance rate). And there are no interest free days for cash withdrawals, so you get charged interest right away.
And then the local ATM operator may charge a fee as well. Consider using a travel money card for ATM withdrawals: https://www.finder.com.au/travel-money
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Hayley
October 17, 2024
When does the 0% purchase rate offer end? I’m looking for a travel credit card with low rates for travel in April 2025, so want to get it as close as possible to the travel date to take advantage of the 6 months at 0%
Angus Kidman Finder
October 18, 2024
Hi Hayley, The 0% offer runs for 6 months from when the card is issued. If you want a few months at 0 interest after your April trip you’d likely want to apply in January or February – you wouldn’t want to wait until the last minute, as you need to allow time for the card to be issued and also need to have time to apply for something else if you don’t meet the income requirements. Hope this helps.
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Nicky
September 20, 2024
How long does the application process take?
Angus Kidman Finder
September 22, 2024
Hi Nicky, Filling out the form doesn’t take too long, provided you have the relevant details to hand (proof of identity and income being the key ones). You can pause and save the application during the process.
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Narelle
November 10, 2024
On bankwest zero platinum with 0% purchase fee for 6 months, if I pay the total monthly balance each month after the 6 months period will the interest revert to the stated % or will I still not pay interest on my purchases? Thank you