Do you want the prestige of owning a platinum level credit card without having to pay sky-high charges and fees? Well look no further than the Bankwest Zero Platinum MasterCard, a credit card offering a fantastic purchase rate as well as no annual management fees. If you’re looking to save money on your credit card bills then read on for our impartial review.

Benefit of the Card’s Best Features?

The Bankwest Zero Platinum has won numerous awards including Money Magazine’s ‘Best Transactor Credit Card’ in 2011. It has a fantastic purchase rate of just 1% p.a. for the first 6 months, it then goes up to a very respectable 17.99% p.a., which is still extremely competitive when you compare it to other credit cards on the market and platinum cards in particular. The Zero Platinum card also comes with no annual management fees, which saves you even more money!

Not only is this credit card great value for money, but it also comes with a comprehensive level of purchase protection. Enjoy 3 months free protection against theft, loss or damage on all items purchased using the credit card. Bankwest also offer all accountholders a 12 month extended warranty on all purchases.

The Platinum card also comes with a 24/7 concierge service to help you arrange travel and entertainment experiences, all at the click of a button. What’s more all accountholders receive automatic travel and transit accident insurance when using the Bankwest credit card to purchase tickets.

Card technology is also second-to-none, featuring MasterCard’s excellent PayPass system that allows cardholders to pay for low cost items without having to enter a PIN – you simply have to swipe your card across the reader and away you go – perfect if you’re in a hurry.

Are There Any Drawbacks?

The Zero Platinum credit card doesn’t have the best balance transfer deal around, even when compared with other platinum cards. Currently the offer is for 4.99% p.a. for 12 months, reverting to 17.99% p.a. after the introductory period expires. This may put off those of you looking to take advantage of a low rate in order to get relief from interest charges.

Unlike many other top platinum cards, the Zero MasterCard lacks a rewards program where you can build rewards based on your monthly spend. However, it is this lack of rewards that makes the card so cheap to own.

Who Would be Suited?

The Bankwest Zero Platinum would suit anyone looking for a low cost credit card. If you spend occasionally then the card would be perfect as there are no annual management fees to worry about. Similarly, if you spend regularly, then the low payment charges may attract you to the card.

Who is Eligible?

If you want to get your paws on this card then you will need to be 18 years (or older), be a permanent Australian resident and be earn at least $20,000 per annum in taxable income.

Conclusion

The Bankwest Zero Platinum MasterCard is the perfect credit card for anyone who wants a low cost account that still comes with plenty of benefits and features. Not only is it free to have an account, but it comes with plenty of additional insurances for peace of mind.