Bankwest Zero Platinum Review — Is it worth it?

Introduction

The Bankwest Zero Platinum Mastercard is a no-annual-fee credit card that provides specific perks to the cost-conscious Australian consumer, particularly those who frequently travel overseas. With zero annual fee and no foreign transaction fees, it offers an approach well-suited to international travellers seeking value through fee savings rather than reward points. As of 2026, the card offers various features, including a 0% p.a. interest rate on purchases and balance transfers for the first six months, albeit with a 3% balance transfer fee [1][2]. This review aims to provide an informed perspective on whether this card is a worthwhile choice for Australian consumers. (Last verified: 2026-07-24)

Top Picks

Card/Product	Key Feature	Rate/Fee	Verdict
Bankwest Zero Platinum	$0 annual fee, no foreign transaction fees	0% p.a. for 6 months on purchases and balance transfers (with 3% BT fee)	Solid travel choice

Pros and Cons

Pros

$0 Annual Fee: The absence of an annual fee makes the Bankwest Zero Platinum an attractive option for those looking to minimise ongoing costs [1][2].
No Foreign Transaction Fees: Ideal for international use, enabling cardholders to save on overseas purchases by avoiding typical transaction charges that can be as high as 3% with other cards [1][2].
Introductory Offer: The card's 0% p.a. interest rate on purchases and balance transfers for six months is attractive for those looking to manage short-term expenditures or consolidate debt [1][2].

Cons

Balance Transfer Fee: A 3% fee on balance transfers may deter those looking for cost-effective debt consolidation options [1][2].
No Rewards Program: The absence of a rewards scheme means that frequent spenders won’t earn points or cashback on their purchases [1][2].
Higher Interest Rate: Post-introductory offers, the interest rate reverts to 18.99% p.a., which is relatively high compared to some other credit cards [1][2].

Frequently Asked Questions

What are the main benefits of the Bankwest Zero Platinum Mastercard?

The main benefits include zero annual fee, no foreign transaction fees, and a six-month introductory interest rate of 0% p.a. on both purchases and balance transfers. These features are particularly advantageous for international travellers looking to save on fees [1][2].

Does the card offer a rewards program?

No, the Bankwest Zero Platinum does not offer a rewards program. The card focuses on delivering value through fee savings rather than rewards points or cashback schemes [1][2].

Is there a fee for balance transfers?

Yes, balance transfers incur a 3% fee, which may add up depending on the amount transferred. It's important to calculate the total cost, particularly if considering this card primarily for debt consolidation [1][2].

How does the card fare in comparison to other travel cards?

This card is competitive with its $0 annual fee and no foreign transaction fees, making it particularly suitable for frequent travellers. However, those seeking additional perks or a rewards program may consider alternatives [1][2][3].

What happens after the introductory period for purchases and balance transfers?

After the introductory six-month period, the standard purchase and balance transfer rate of 18.99% p.a. applies, which is higher than some alternatives available in the market [1][2].

Verdict

The Bankwest Zero Platinum Mastercard proves to be a competent option for Australians prioritising travel or simplicity in their credit card use. With no annual fee and no foreign transaction charges, it offers solid benefits for frequent travellers. However, the lack of a rewards program and the balance transfer fee might be drawbacks for some users. The introductory offer provides short-term relief on purchases and balance transfers, though careful management is required to prevent high interest once standard rates apply. As always, potential applicants should check the current terms with Bankwest before proceeding, as rates and features are subject to change.