How to Apply for Your Bankwest Zero Platinum Mastercard

Discover the benefits of the Bankwest Zero Platinum Mastercard, including no annual fees, zero foreign transaction fees, 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 international travel. The Zero Platinum Mastercard is crafted to provide users with maximum value, particularly through its zero foreign transaction fees and flexible instalment options.

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.

Zero Foreign Transaction Fees

One of the standout features of the Bankwest Zero Platinum Mastercard is the 0% foreign transaction fee. This makes it an exceptionally cost-effective card for Australians who frequently travel overseas or make purchases online from international retailers, allowing you to avoid the standard ~3% conversion fees charged by many other cards.

Up to 55 Days Interest-Free

Cardholders can take advantage of an interest-free period of up to 55 days on eligible purchases, provided the closing balance on the monthly statement is paid in full by the due date. This gives you financial flexibility to manage day-to-day cash flow without incurring interest charges.

No Annual Fee for Life

Unlike many premium or Platinum cards that charge substantial recurring costs, the Zero Platinum Mastercard comes with a $0 annual fee, allowing you to access higher credit limits and premium payment features without an ongoing price tag.

Flexible Payment Options and Balance Transfers

The Zero Platinum Mastercard offers flexible payment solutions through its Easy Instalments program. This allows cardholders to spread the cost of eligible purchases (between $100 and $10,000) over four manageable monthly instalments at 0% p.a. interest. It is a practical tool for handling larger, unexpected expenses without incurring ongoing interest charges.

Balance Transfer Facility

For new customers looking to consolidate existing credit card debt, the card provides an introductory balance transfer offer of 0% p.a. for 6 months.

• Introductory Rate: 0% p.a. for 6 months
• Balance Transfer Fee: 3% of the transferred amount
• Ongoing Rate: 18.99% p.a. after the 6-month period ends

Note: Balance transfers are only accepted from non-Bankwest credit cards, and a minimum transfer amount of $500 applies.

Eligibility for the Bankwest Zero Platinum Mastercard

To apply for the Bankwest Zero Platinum Mastercard, prospective applicants must meet the following criteria:

• Be at least 18 years of age.
• Be an Australian citizen, permanent resident, or temporary resident holding an eligible visa.
• Meet Bankwest’s credit assessment criteria, including a good credit history and sufficient income to support a minimum credit limit.
• Minimum Credit Limit: Approval for the Zero Platinum tier requires a minimum credit limit of $6,000 AUD.
• Account Limit: Customers are allowed a maximum of one Bankwest Zero Mastercard.

Interest Rates and Fees Summary

• Annual Fee: $0
• Ongoing Purchase Rate: 18.99% p.a.
• Ongoing Balance Transfer Rate: 18.99% p.a. (after the 6-month intro period)
• Cash Advance Rate: 21.99% p.a.
• Foreign Transaction Fee: 0% (Exclusive to the Platinum tier)
• Balance Transfer Fee: 3% of the transferred balance
• Cash Advance Fee: 3% of the transaction amount or $4 (whichever is greater)
• Late Payment Admin Fee: $25 per statement period
• Paper Statement Fee: $1.25 per statement (waived if opting for eStatements)

How to Apply

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.

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 is an excellent choice for budget-conscious Australians and frequent overseas travelers. By combining a $0 annual fee with 0% foreign transaction fees, it offers real, ongoing savings for both everyday domestic spending and international travel.

However, because it focuses entirely on minimizing fees, it skips traditional premium perks like rewards points or complimentary travel insurance.

Pros and Cons

Pros:

• $0 Annual Fee: No recurring annual costs for the lifetime of the card.
• Zero Foreign Transaction Fees: Save around 3% on overseas purchases and international online shopping.
• Up to 55 Days Interest-Free: Flexibility to manage everyday cash flow.
• Easy Instalments: Option to split eligible purchases into 4 monthly payments at 0% interest.

Cons:

• No Rewards Program: You will not earn points, cashback, or frequent flyer miles.
• No Complimentary Insurances: Unlike typical Platinum cards, it does not include travel or purchase protection insurance.
• High Minimum Credit Limit: Requires a minimum credit limit approval of $6,000 AUD.
• High Cash Advance Costs: Standard high interest rate (21.99% p.a.) plus a 3% cash advance fee.

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.

DOWNLOAD THE APP FOR ANDROID

DOWNLOAD THE APP FOR 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.