How to Apply for Your Bankwest Zero Platinum Mastercard

Discover the benefits of the Bankwest Zero Platinum Mastercard, including no annual fees, exclusive offers, and flexible payment options. Learn more here!

In today’s fast-paced financial landscape, the Bankwest Zero Platinum Mastercard stands out as a versatile and appealing option for many Australian consumers. This credit card offers a blend of features designed to enhance convenience and affordability.

With its $0 annual fee and a host of other benefits, it caters to those who seek a cost-effective solution for both everyday spending and travel. The Zero Platinum Mastercard is crafted to provide users with maximum value, particularly through its unique reward structure and lack of foreign transaction fees.

History of Bankwest

Bankwest, an established player in the Australian banking sector, has a rich history dating back to its inception in 1895. Originally known as the Bank of Western Australia, it was established to serve the growing financial needs of the western region.

Over the years, the bank evolved, expanding its services and geographical footprint. In 2008, Bankwest became a division of the Commonwealth Bank of Australia, a move that bolstered its resources and service capabilities. Today, Bankwest continues to be a significant entity in Australian finance, known for its innovative products and customer-centric approach.

Benefits of the Bankwest Zero Platinum Mastercard

Reward Points and Exclusive Offers

The Bankwest Zero Platinum Mastercard excels in providing value through its rewards and offers. While this card does not have a traditional reward points system, it compensates with other attractive features.

Cardholders benefit from an interest-free period of up to 55 days on purchases if the closing balance is paid in full by the due date. This can significantly reduce the cost of borrowing.

Moreover, the Zero Platinum Mastercard offers exclusive promotions and deals. These may include discounts on travel, dining, and shopping. The absence of foreign transaction fees is particularly advantageous for those who frequently travel abroad or shop online from international retailers.

Purchase Protection and Coverage

Another key benefit of the Zero Platinum Mastercard is its comprehensive purchase protection. This feature ensures that eligible purchases are covered against damage or theft for up to 90 days from the date of purchase.

This adds a layer of security and peace of mind, especially for significant or high-value transactions.

Loan Options and Instalment Program

Flexibility in Payment

The Zero Platinum Mastercard offers flexible payment options through its Easy Instalments program. This allows cardholders to spread the cost of eligible purchases over four manageable monthly instalments at 0% interest. This feature is particularly useful for larger purchases, making it easier to manage finances without incurring additional interest charges.

Balance Transfer Facility

Additionally, the card provides a balance transfer option with an introductory 0% p.a. rate for six months on transferred balances. After the introductory period, the ongoing balance transfer rate is 18.99% p.a. This can be an effective way to consolidate existing credit card debt, offering temporary relief from high-interest rates.

Eligibility for the Bankwest Zero Platinum Mastercard

Application Criteria

To apply for the Bankwest Zero Platinum Mastercard, prospective applicants must meet several criteria. Firstly, applicants must be Australian permanent residents aged 18 years or older. Additionally, they should have a good credit history and sufficient income to support their credit limit.

Interest Rates and Fees

The ongoing purchase interest rate is 18.99% p.a., while the balance transfer rate, post-introductory period, is also 18.99% p.a. For cash advances, the rate is 21.99% p.a. The card has a $0 annual fee and no foreign transaction fees, though a balance transfer fee of 3% applies.

Late payment fees are $25 per statement period, and there is a cash advance fee of 3% of the transaction amount or $4, whichever is greater.

How to Apply

Online Application Process

Applying for the Bankwest Zero Platinum Mastercard is designed to be a seamless and user-friendly experience. Follow these step-by-step instructions to complete your application:

1. Visit the Bankwest Website:
   • Open your web browser and go to the Bankwest official website.
2. Navigate to the Credit Card Section:
   • Locate the “Credit Cards” tab or section on the homepage. This will direct you to various credit card options available.
3. Select the Zero Platinum Mastercard:
   • Find the Bankwest Zero Platinum Mastercard in the list of credit card options and click on it to view detailed information about the card.
4. Start Your Application:
   • Click the “Apply Now” button, which will take you to the online application form.
5. Fill Out the Application Form:
   • Enter your basic personal information, including your name, contact details, and address.
   • Provide your employment details, including your current job title, employer’s name, and length of employment.
   • Input your financial information, such as income, expenses, assets, and existing credit obligations.
6. Review and Submit:
   • Double-check all the information you have entered for accuracy.
   • Once verified, submit the application form online.

Required Documentation

To ensure a smooth application process, prepare the following documentation:

1. Photo Identification:
   • Have a valid form of photo identification ready. This can be an Australian driver’s license or passport. If you don’t have these, check for other acceptable forms of ID on the Bankwest website.
2. Proof of Income:
   • Provide recent payslips or other documents that verify your income. This helps Bankwest assess your ability to manage credit.
3. Details of Expenses:
   • Prepare a list of your regular monthly expenses, such as rent or mortgage, utilities, and any other financial commitments.
4. Information on Assets:
   • Document your assets, including savings, investments, and property ownership, if applicable.
5. Existing Credit Obligations:
   • List any current credit cards, loans, or other credit accounts you hold, including their balances and monthly payments.

Submitting Your Application

After completing the application form and gathering the required documentation, follow these steps to submit your application:

1. Complete the Form:
   • Ensure all required fields in the application form are filled out correctly. Review your details to avoid any errors.
2. Attach Documentation:
   • If the online form requests uploads of your identification and financial documents, attach the required files. Follow any specific instructions provided for uploading documents.
3. Submit Your Application:
   • Click the “Submit” button to send your application to Bankwest for review. You will receive a confirmation message indicating that your application has been received.
4. Monitor Your Application Status:
   • After submission, you can track your application status via email or through your Bankwest online banking account if you are an existing customer.
5. Receive Your Card:
   • If your application is approved, you will receive your Bankwest Zero Platinum Mastercard in the mail. Follow any instructions included with the card to activate it.
6. Existing Customers:
   • If you are already a Bankwest customer, you might benefit from a faster application process by applying through your online banking platform. Log in to your online banking account, locate the credit card application section, and follow the prompts to apply.

By following these steps, you can efficiently apply for the Bankwest Zero Platinum Mastercard and start enjoying its benefits.

VISIT THE BANK'S OFFICIAL WEBSITE TO REQUEST YOUR CARD

Opinion and Additional Tips

The Bankwest Zero Platinum Mastercard offers significant benefits, particularly for those who value low-cost options and travel frequently. The lack of annual and foreign transaction fees adds substantial value, making it an excellent choice for managing both domestic and international expenses.

Pros and Cons

Pros:

• No annual fee
• No foreign transaction fees
• Interest-free period of up to 55 days
• Easy Instalments program for large purchases

Cons:

• Higher cash advance fee
• Limited rewards program compared to some competitors

Environmental Impact

In terms of environmental impact, the Zero Platinum Mastercard, like many financial products, does not directly address sustainability. However, the digital nature of the application process and account management via the Bankwest App helps reduce paper usage, aligning with more eco-friendly practices.

Customer Service

Bankwest offers multiple channels for customer service:

• Phone: Contact Bankwest Customer Service for direct assistance: 13 17 19.
• Website: Visit the Bankwest website for more resources.
• Bankwest App: Manage your account and access support through the Bankwest App available for Android and iOS.

The Bankwest Zero Platinum Mastercard provides a valuable credit card option for Australian residents, particularly those who want to avoid annual fees and foreign transaction charges. Its benefits, including purchase protection and flexible payment options, cater to a variety of financial needs.

Enjoyed this guide? Explore more credit card options for Australians on our site.