Bankwest Zero Platinum Mastercard

On Bankwest's website

Bankwest Zero Platinum Mastercard

Highlights

  • No annual fee.
  • 0% p.a. for 34 months on balances transferred (2% balance transfer fee applies). Reverts to 14.99% p.a. thereafter.
  • No foreign transaction fees and complimentary international credit card travel insurance.
  • New customers only. Limited time. Other fees and charges, T&Cs apply.

Pros and cons

Pros

  • No annual fee to pay — ever.
  • Very long interest-free balance transfer offer.
  • No fees on purchases in a foreign currency.
  • Complimentary international travel insurance.

Cons

  • There is a 2% fee on balance transfers.
  • You can't earn rewards points.

Overview

The basics

  • Additional cardholders. Up to 3 additional cardholders can be added for free. The account holder will be responsible for keeping up with payments and general account management.
  • Digital wallets. Compatible with popular digital wallets including Apple Pay, Google Pay, and Samsung Pay.
  • Gambling transactions. Gambling transactions are permitted, however, they will attract interest at the cash advance rate.

Rewards and benefits

  • Complimentary travel insurance. This card comes with complimentary travel insurance. For the cover to be active, the card must have been used to the travel before leaving. Cardholders get extended warranty insurance protection and fraud protection insurance as standard.
  • Concierge services. Cardholders do not have access to a concierge service with this card.
  • Lounge access. There is no airport lounge access for cardholders.
  • Rewards points. There is no rewards program associated with the Bankwest Zero Platinum Mastercard.

Rates and fees

  • Annual fee. This card's ongoing annual fee is $0, meaning you can keep the account open without having to pay for it.
  • Balance transfers. 34 months at zero interest is a very competitive offer. Balance transfers attract a 2% fee. Any balance transferred that remains unpaid after the introductory period will revert to the purchase rate of 14.99% p.a.
  • Cash advances. Purchases classified as a cash advance will incur interest at the rate of 21.99% p.a. plus a cash advance fee of 2% of the amount you borrow. Cash advances attract interest immediately from the date of the transaction.
  • Foreign exchange fee. There is no fee for foreign currency transactions made with this card.
  • Interest-free period. Pay no interest for 55 days when you pay off your credit card bill in full and on time, helping to improve your cash flow between paydays.
  • Purchases. With no introductory offer on purchases made with the Bankwest Zero Platinum Mastercard, any purchases will attract interest of 14.99% p.a. This rate is comparatively low for credit cards.
  • Sign up bonus. This card does not have a sign up bonus of credit card points.