- No foreign transaction fees on online and overseas purchases
- 0% p.a. on balance transfers for the first 6 months (1% balance transfer fee applies)
- Earn 2 points per $1 spent on eligible purchases
- Use rewards points for a wide range of goods or services; shopping or travel or even cash back
- Complimentary international travel insurance for you and your family
- Pay with your compatible device using Apple Pay, Samsung Pay, & Google Pay&trade
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Bankwest Credit Cards
Bankwest More Platinum Mastercard
Updated 19 September 2024
Save with 0% p.a. on balance transfers for the first 6 months (1% balance transfer fee applies) and $0 international transaction fees on overseas purchases in foreign currency. You'll be able to access extensive complimentary travel insurance for you and your family for up to 12 months, plus earn points and redeem them on digital gift cards, cashback and more.
T&Cs apply.
Points Earn Rate (per $1 spent)
2 points
RewardsRewards Program
More Rewards
Bonus Points
N/A
Pros and cons
- Balance transfer rate reverts to 19.99% p.a. after the introductory period
Creditcard.com.au review
Editor Review
Bankwest More Platinum Mastercard
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Bankwest More Platinum Mastercard
As a platinum card earning points on Bankwest’s More Rewards program, the Bankwest More Platinum Mastercard provides a high points cap. With some nice platinum perks on offer, the card has no foreign transaction fees, and offers a full suite of retail and travel insurance covers.
What we love...
With the Bankwest More Platinum Mastercard, you can earn 2 More Rewards points per $1 spent on eligible purchases. This provides a higher points earn than the Bankwest More Mastercard, and a lower points earn than the Bankwest More World Mastercard.
Of course, to know how valuable this offer is – and how good the card’s points-earning potential can be – you need to know what you can redeem those points for. The More Rewards program allows cardholders to redeem their points for the usual range of gift cards, travel and merchandise, with 171,000 points equal to $400 cashback.
In terms of travel, Bankwest has teamed up with Webjet to allow cardholders to book flights and holiday packages using their points, where 41,667 points = $100. If you don’t have enough points for the trip you want, you can choose to make up the difference with cash. Point calculations are accurate but may be subject to change without notice.
What’s not so great...
As it’s a rewards card, it’s not really a surprise that the Bankwest More Platinum Mastercard has a fairly high purchase rate. However, as long as you clear your balance by the due date each month, you should be able to avoid paying interest on your purchases. This also allows you to take advantage of up to 44 days interest free on purchases.
Why should you choose this card?
The Bankwest More Platinum Mastercard is a platinum rewards card. That means it provides a higher earn rate, a higher points cap and some platinum perks to cardholders who want more than a standard rewards card offers. But, if you want to take advantage of all that, you will have to meet the eligibility requirements, which usually involves having a higher income.
On top of that, you will have to pay a higher annual fee. The annual fee on the Bankwest More Platinum Mastercard is substantial. But, as long as you spend enough on the card, you should be able to make it worth your while.
Converted to cashback, this equates to $150, which almost covers the card’s annual fee. Add to that the various platinum perks on offer, and this card could offer real value to the right cardholder.
And those extras are? With the Bankwest More Platinum Mastercard, you will pay no foreign transaction fees, making it a great choice for cardholders who travel overseas frequently, or anyone who shops online at international retailers.
On top of that, you can benefit from the card’s range of insurance covers, including overseas travel insurance, interstate flight inconvenience insurance and transit accident insurance, as well as price guarantee, extended warranty and purchase security insurance. There is also 0% p.a. on balance transfers for six months with a 1% balance transfer fee.
Overall Rating
A platinum rewards card that offers value to higher spenders, the Bankwest More Platinum Mastercard provides insurance cover and no foreign transaction fee.
User reviews
Rates and fees
Interest rates
Purchase rate 19.99% p.a.
Cash advance rate 21.99% p.a.
Interest free period on purchases up to 44 days
Balance transfer
Balance transfer rate 0% p.a. for 6 months
Balance transfer revert rate 19.99% p.a.
Balance transfer from personal loan No
Balance transfer fee 1% one off
Balance transfer limit 95% of approved credit limit
Brands you can't balance transfer from Bankwest
Credit limits
Minimum credit limit $6,000
Maximum credit limit N/A
Fees & repayments
Annual fee $160 p.a.
Additional cardholder fee Up to 3 at no extra cost
Foreign transaction fee 0%
Minimum repayment 2% or $20 (whichever is greater; closing balance applies if less than $20)
Cash advance fee 3% or $4 (whichever is greater)
Late payment fee $25
Rewards and points
Rewards program
Rewards Program
More Rewards
Bonus points N/A
Annual points cap 400,000
Bonus points spend criteria N/A
Earning points with this card
Rewards Rewards points 2 points per $1 spent
Points cap per month N/A
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes
Flight Inconvenience Insurance Yes
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance No
Extras
Travel insurance underwritten by CoverMore Insurance
Price Guarantee Insurance
Overview
Bankwest More Platinum Mastercard
When it comes to perks you get them in spades with this card. From WebJet vouchers and travel accident insurance to shopping vouchers and discounts from one of the Bankwest partner retailers you get the benefits that suit the traveller or non-traveller. This gives the advantage of being able to cash in points whenever you like for things you might need, including cashback.
Key features
- No foreign transaction fees on online and overseas purchases
- Use rewards points for a wide range of goods or services; shopping or travel or even cash back
- 0% p.a. on balance transfers for the first 6 months (1% balance transfer fee applies)
- Earn 2 points per $1 spent on eligible purchases
- Complimentary international travel insurance for you and your family
- Purchase security cover. Three months of free insurance against loss, theft or accidental damage on personal goods purchased anywhere in the world.
- Pay with your compatible device using Apple Pay, Samsung Pay, & Google Pay&trade
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
You must be an Australian permanent resident.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question25 questions (showing the latest 10 Q&As)
I just read platinum credit card allows airport lounge entry is this true of the Bankwest plat
Inum card ?
Hi Bernadine, thanks for your message. I looked into this however the Bankwest More Platinum card does not have a lounge pass feature included. Some other Bankwest cards like Bankwest More World Mastercard have this included. Alternatively, you can check other credit cards with the airport lounge access feature for options.
Is there insurance cover for Bankwest platinum card holders to cover any remainig or standing amounts apon death?
Hi John, the international insurance with this card covers accidental death and expenses such as returning remains or the funeral, but it's important to read the PDS to see exactly what's covered and what's paid out (and what events make you ineligible for a death claim). Insurance is very nuanced!
Can the More rewards points be used to redeem Qantas frequent flyer points?
Hi Charles, I checked this for you and found that you can redeem your More Rewards points for digital gift cards or cashback. The wording on the Bankwest site is rather vague, but you can check a range of rewards options on their rewards website.
We have both Platinum and World Bank west credit cards.
Can you confirm travel insurance is covered even though not all of the holiday is on credit cards.
Also how we get lounge tickets for airports.
Hi there, that’s a great question! I looked into this for you and the complimentary insurance included on both your Bankwest Platinum and Bankwest World credit cards is automatically activated. You just need to make sure that you are the primary cardholder of the card, will travel to an overseas destination from Australia, and hold an eligible credit card at the time that’s not cancelled or suspended. Have a great trip!
I applied for a Bankwest Qantas Mastercard (as I want to cancel 2 of my other cards with a Frequent Flyer I no longer use). I would like to know why my application was rejected.
Hi Yvonne, you will need to speak to Bankwest directly to find out the reasons. Have a read through our credit card application tips. It would make sense to cancel at least 1 of your current cards before applying again.
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Creditcard.com.au Visitor
28 January 2013Good purchase offer and about standard reversion rate for a platinum card. Also gives you good bonus points when you first get the card. Don’t get charged fees for using the card overseas and you get some nice travel rewards. Pretty low annual fee too.
Recommends this cardNora Becker
28 January 2013Nice purchase offer – 0% for 6 months. Good if you want to buy something big and not worry about interest for a while. The perks on the card are good too. Some free insurances that are handy for travelling, and you can get flight centre vouchers as well. Make sure the rewards are what you need though cos the annual fee is kind of steep.
Recommends this card