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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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 2025 winner
Pros
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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
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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 days | 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 | $0 |
| Minimum monthly repayment | 2% of the closing balance or $20, whichever is greater |
| Late payment fee | $25 |
| 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 won Best No FX fees Credit Card in the 2025 Finder Awards.
Full list of 2025 winnersYour reviews
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Amy Finder
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Raymond Rodwell
January 12, 2025
Do you do credit cards for pensions
Angus Kidman Finder
January 13, 2025
Hi Raymond, Check out our detailed guide to credit cards for pensioners for options available to pension holders.
graham
November 14, 2024
Hi Amy,
My wife and I are both self funded retirees and have grandchildren living in Singapore. We visit, sometimes more than once a year. We had a 28 degrees Mastercard for years, but now they want $8/Mth for not using it !!! We’re not self funded retirees by accident, we don’t pay fees for Nothing !!! Is it possible to walk into a branch, and chat with someone from Bankwest about this Zero Platinum Mastercard or must it all be done Online ???
Thanks for listening
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Sarah Megginson Finder
November 15, 2024
Hi Graham,
That does sound frustrating! Unfortunately earlier this year, Bankwest made the decision to close their branch network. You can call them on 13 17 19 for more information about the Zero Platinum Mastercard, but note that Bankwest are moving towards becoming a digital-first bank. They have a call centre that operates 24/7, but their processes and systems are set up to encourage customers to solve problems through digital chat or online in the first instance. This may be frustrating for you, so it’s worth considering if this would suit your needs longer term?
You can review other options for credit cards with no fees on foreign transactions here. Best of luck!
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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
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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Richard Whitten Finder
March 04, 2025
Hi Moira,
We can’t give you a clear answer on this one, unfortunately. Only Bankwest can.
The card doesn’t list a minimum income requirement but the minimum credit limit is $6,000. That means that card is for people who are bigger spenders. From the Bankwest website it also states you need to provide proof of employment and income.
You could call Bankwest and ask if the bank accepts, for example, income from super or investments as a form of income.
I hope this helps.
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