If you’re after a no-fuss credit card that won’t cost you a fortune, the Bankwest Zero Platinum Card is a great pick.
With zero annual fees and the bonus of no foreign transaction fees, it’s perfect for frequent travellers or those who shop on international websites.
A limited-time offer for balance transfers is also a draw for new customers looking to clear debts from other credit cards.
Need a card with these features and more? Explore everything the Bankwest Zero Platinum Mastercard has to offer.
Benefits of Bankwest Zero Platinum Card
- No annual fee, regardless of spending: The key benefit is that you pay nothing to have this card, which is rare for platinum cards.
- No foreign transaction fees: If you travel often or buy from overseas sites, this will save you a lot of money.
- 0% p.a. for 6 months on purchases and balance transfers for new customers: You can use up to 95% of your credit limit, with a minimum balance transfer of $500 (while the introductory offer lasts).
- Interest-free period: Up to 55 days, even for those who have a balance transfer, which is not always available with other credit cards.
- Buy now, pay later: Delay your payments with Easy Instalments.
- Contactless payment technology: Secure, fast payments with a tap.
- Management tools: The Bankwest app is user-friendly and helps you track your spending easily, with a handy multi-currency view to check your balance in various foreign currencies whenever you like.
How Easy Instalments Work
This feature is great for those wanting to manage their finances better by spreading the cost of purchases over time instead of paying in full all at once.
Any qualified purchase between $100 and $10,000 can be set up on this plan, and you can choose up to five eligible purchases to split into four monthly payments.
To activate and confirm which purchases qualify, simply head to the Bankwest app and set up your instalment plan.
What Could Be Considered Downsides
If you’re someone who loves racking up points for rewards or cashback, this isn’t the card for you, as it doesn’t have a rewards program.
The interest-free balance transfer offer comes with a one-time 3% fee, so if you’re planning to use it to pay off a debt, make sure to factor in this cost.
Like most credit cards, if you don’t pay your bill on time, the interest can quickly add up. Also, the 55-day interest-free period on purchases is only available if you pay off your balance in full, so aim to avoid missing or delaying payments.
Key Fees of Bankwest Zero Platinum Card
- Annual fee: $0
- Purchase rate after the introductory period: 18.99% p.a.
- Balance transfer rate after the promotional period: 18.99% p.a.
- Cash advance rate: 21.99% p.a.
- Foreign transaction fees: $0
Ideal Applicant Profile
The fee-free perks are best suited to frequent travellers or those who often shop on international e-commerce platforms. After all, not having to pay conversion fees when buying from overseas is a huge relief.
But overall, anyone can benefit from the zero annual fee and the introductory offers on purchases and balance transfers if they’re a new customer.
The only caveat is the income requirement, as the minimum credit limit for the Bankwest Zero Platinum is $6,000, and you’ll need to show good financial capacity to get approved.
Are you interested in this credit card? In addition to meeting the income requirement, check out the other criteria to qualify and how to apply online.