Bankwest Zero MasterCard

If you want a new credit card, but don’t fancy paying for the privilege, then consider the Bankwest Zero MasterCard. The award winning card comes with no annual management fee, and has an impressive purchase rate, making it the perfect credit card for first timers, as well as those of you who spend regularly and wish to take advantage of the low interest charges.

Benefit of the Card’s Best Features?

If you are fed up with paying extortionate interest charges, then consider switching across to the Bankwest Zero where you will be charged just 0% p.a. for the first 6 months and then just 17.99% p.a. thereafter.

You can add up to 3 cardholders absolutely for $0 p.a. each and there’s no annual management fee to pay, making the Bankwest Zero MasterCard extremely good value.

Not only is the price good, but the card itself is secure and features the latest technology including MasterCard’s acclaimed, PayPass technology which allows cardholders to pay for low cost items by simply swiping their card on the merchants reader – ideal if you’re always on the go and every minute counts!

Bankwest also offer a number of optional extras including cover to protect the accountholder should they fall behind with repayments.

Are There Any Drawbacks?

If you’re looking to carry out a balance transfer from another credit card to avoid paying interest charges, then the Zero MasterCard from Bankwest may not be the one for you as the interest rate for transfers stands at 4.99% p.a. for the first 9 months. This deal isn’t as competitive as other cards on the market that offer anything as low as 0% on balance transfers.

Who Would be Suited?

The Bankwest Zero MasterCard is perfect for first timers looking to build up a credit history, as the credit card is low-cost and great value for money. It would also suit those of you spend frequently on credit as the ongoing interest rate is so low. All-in-all, the credit card is a strong all-rounder that would suit a variety of people.

Who is Eligible?

In order to be considered for an account, you’ll need to be earning $19,000 or more and be over the age of 18. You will also need to be a resident of Australia and have a good credit rating.

Conclusion

Awarded 'Best Transactor Credit Card’ by Money magazine in 2011, the Bankwest Zero MasterCard is a no-brainer for anyone looking for a cheap credit card. With no annual management fee, low purchase rates and state-of-the-art technology thrown in for good measure, the Zero MasterCard is a great card that will not only suit first timers, but is also ideal for consumers who like to splash the cash.