Bankwest Zero Mastercard

This no-annual-fee credit card offers 0% p.a. on balance transfers for 26 months, but there's a 2% balance transfer fee.

The Bankwest Zero Mastercard offers straightforward features and includes an introductory balance transfer rate of 0% p.a. for the first 26 months. This offer also has a one-time balance transfer fee worth 2% of the balance (or balances) transferred. For example, with a $5,000 balance transfer, you'd pay a balance transfer fee of $100.

While the rest of the Bankwest Zero Mastercard's features are relatively basic, it does give you access to a digital version of your card and allows you to make mobile payments through Apple Pay, Google Pay and the Bankwest Halo ring.

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Amy Bradney-George

Last Updated Aug 4, 2021

0% p.a.

Balance transfer rate

for 26 months with 2% balance transfer fee

14.99% p.a.

Purchase rate

$0 p.a.

Annual fee

55 days

Interest free period

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Details

Product Name	Bankwest Zero Mastercard
Balance transfer rate	0% p.a. for 26 months with 2% balance transfer fee
Balance transfer revert rate	Balance Transfer Revert Rate (14.99%)
Balance transfer limit	95% of available limit
Purchase rate	14.99% p.a.
Annual fee	$0
Interest-free period	Up to 55 days on purchases
Cash advance rate	21.99% p.a.
Min credit limit	$1,000
Card type	Mastercard
Foreign currency conversion fee	2.95%

Available to temporary residents	Yes - Conditions apply
Joint application	No

Pros

$0 annual fee for the life of the card
0% p.a. on balance transfers for 26 months

Cons

Charges a 2.95% foreign transaction fee
Charges a one-time 2% BT fee

Bonus points	N/A

Annual fee	$0
Minimum monthly repayment	2% of the closing balance or $20, whichever is greater
Late payment fee	$25
Foreign currency conversion fee	2.95%
Cash advance fee	2% or $4, whichever is greater
Overseas cash advance fee	2% or $4, whichever is greater
Overseas ATM withdrawal fee	$0
Additional cardholder fee	$0
Number of additional cardholders	3

Go to Bankwest's site More info

Review by

Amy Bradney-George

[email protected]

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Bankwest Zero Mastercard is a simple credit card with a $0 annual fee that can help you save on credit card costs. If you’re paying off your current card and want to switch to this one, the 0% p.a. balance transfer rate for 26 months also helps you save on interest charges – as long as you're prepared to pay the one-off 2% balance transfer fee.

Outside of any promotions, the Bankwest Zero Mastercard charges an interest rate of 14.99% p.a. for purchases. It also offers up to 55 days interest-free on purchases each statement period. There are also some handy tech features, including a digital version of the card, compatibility with Google Pay, Apple Pay and the option to use this card with the Bankwest Halo ring, which you can buy separately for $15.

How to apply

If you've compared credit cards and decided on the Bankwest Zero Mastercard, you can apply online in around 15 minutes. Before you get started, make sure you meet the eligibility requirements and have all the relevant documents and details ready to go.

Eligibility criteria

New customer. Bankwest only allows customers to have 1 Zero Mastercard in their name. So if you already have a Bankwest Zero or Bankwest Zero Platinum, you may want to look at other no-annual-fee cards or call Bankwest on 13 17 19 to talk through your options.
Eligible balance transfer debt(s). If you're planning to transfer a balance to the Zero Mastercard, Bankwest allows you to transfer from $500 up to 95% of your credit limit from non-Bankwest cards issued in Australia.

Residency. You must be an Australian citizen or permanent resident in order to apply online.
Age. You must be at least 18 years old to have a credit card in Australia.

Required documents

Personal information. This includes your full name, email address, date of birth, driver's licence number, marital status, number of dependents and contact number.
2 forms of identification. If you're new to Bankwest, you'll need to verify your identity by providing details from at least 2 of the following forms of ID: driver's licence, Medicare card and/or passport.
Balance transfer details. If you want to transfer a balance, you'll need to include your request on the application. This means you'll be asked to provide details of your existing debt and accounts.
Employment information. You'll need to provide your employment status, occupation, employer's name and contact details, as well as your salary. You will also need to show proof of income, such as payslips for the last 45 days or 2 recent Tax Assessment Notices (if you're self-employed).
Financial information. This covers any other forms of income and assets such as savings or shares. You also need to provide details of any debts and existing cards or loans, as well as estimates of your regular household expenses.

Go to Bankwest's site More info

Card benefits

$0 annual fee. You can enjoy using this card without having to pay an annual fee. In comparison, other credit cards in Australia have annual fees that range from $25 to $500 (or more).
Balance transfer offer. If you're paying a high interest rate on your existing credit card balance, you could save with a 0% p.a. balance transfer rate for the first 26 months on this card. A one-time 2% balance transfer fee applies with this offer and the 0% interest period starts from the date your account is opened, regardless of when the balance transfer is processed. At the end of the introductory period, any remaining balance transfer debt will be charged interest at the standard balance transfer rate of 14.99% p.a. While Bankwest does not list a specified date when this offer will end, it is only available for a limited time.

Mobile payments. If you have a compatible Android or Apple device, you can add your Bankwest Zero Mastercard to the Google Pay, Samsung Pay or Apple Pay wallet and make payments directly from your phone (or other device).
Bankwest Halo wearable device. Bankwest Halo is a ring that allows you to make tap-and-go payments without ever pulling out your wallet. This handy, popular device is an optional extra that costs $15 and comes in a custom size so you can choose which finger to wear it on. It also offers the same security as other contactless payment options, doesn't need an app or charging, and is waterproof. You can even choose between a black or white ring.
Free digital card. 24 hours after you've been approved, you can log into the Bankwest app to activate and start to use your card digitally before your physical card arrives in the mail.

Rates & fees

Purchase interest rate. This card charges an interest rate of 14.99% p.a. on purchases.
Interest-free days. This card offers up to 55 days interest-free on purchases, with the interest-free period starting at the beginning of each statement period.

Cash advances. If you use this card to withdraw cash, or for any other cash advance transaction, an interest rate of 21.99% p.a. will apply from the time of the transaction. You'll also pay a cash advance fee worth 2% of transaction amount or $4 (whichever is greater).
Foreign transaction fees. Transactions made or processed outside of Australia will be charged 2.95% of that amount. This includes spending overseas, as well as shopping online from Australia or overseas with international merchants.

Go to Bankwest's site More info

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85 Comments

Richard
January 16, 2015

I am so sorry about this I was redirected to this site was not knowing that this is not a Bankwest site.

finder Customer Care

Jonathan
January 19, 2015

Hi Richard,

Thanks for your inquiry,

We are an online comparison service and are not directly affiliated with Bankwest. If you are after the Bankwest site a ‘Go to Site’ option is available on the right hand side of the page.

I hope this helps!

Cheers,

Jonathan

Richard
January 16, 2015

Can you please let me know where is the branch that I can go to? I have made a effort to call the number to change my current credit card to a no fee credit card. after verifying all security question that I was redirected to someone else for further questions and inform me that I have to go to a branch to verify myself…

If you can accept on line applications without seeing the customers why do you need to see me after 13 years to verify myself to you?? I can not even close my account over the phone?? be charging the annual fees?

Further more where is a branch anyhow?? I am living in Brisbane??

finder Customer Care

Elizabeth
January 16, 2015

Hi Richard,

Thanks for your question.

You’ve come through to finder.com.au, as a comparison service we can’t really comment on Bankwest’s requirements for cancelling a credit card/swapping your credit card accounts. I’ve emailed you a link where you can find your nearest branch.

I hope this will help.

Thanks,

Elizabeth

Jim
February 27, 2014

Are there any fees for withdrawing cash in Australia and overseas?

finder Customer Care

Jacob
February 27, 2014

Hi, Jim.

Bankwest do not currently charge a overseas ATM fee for balance checks and cash withdrawals. Local ATM operator fees will still apply. You may also be charged a cash advance fee is you’re drawing from your available credit.

Thanks for your question.

Phillip
January 15, 2014

Hi, I sent my bank statement by mail 7 days ago to verify my income, could check if you have received it.
Thanks, Phillip

finder Customer Care

Jacob
January 15, 2014

Hi Phillip,

Thanks for your question.

You will need to contact Bankwest directly to follow-up on your submitted documents. You may also find this guide useful on how to check your credit card application.

I hope this helps.

Cheers,
Jacob

Phillip
January 8, 2014

Hi, my Master card application has been successful,

Bankwest are asking me for verification two most recent pay slips! but I don`t work I am retired I have age pension goes direct to my bank account.

Can you help me with this dispute?

Thanks.

finder Customer Care

Jacob
January 8, 2014

Hi, Phillip.

Thanks for your question.

If you are unable to provide pay slips, you can fax in the last three months worth of your bank statements. You can send via fax to this number: 1300 765 515.

I hope this helps.

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Bankwest Zero Mastercard