Bankwest - More Platinum Mastercard
The More Platinum credit card from bankwest is a rewards card that earns points on everyday purchases. It earns 2 points per dollar spent on eligible purchases. It has an initial balance transfer rate of 0% for 6 months, where a balance transfer fee of 1% applies. After 6 months the rate reverts to 19.99% p.a..
There is a purchase rate of 19.99% p.a. and up to 44 days interest-free on those purchases. The international transaction fee is 0%.
An introductory balance transfer rate of 0% for 6 months, reverts to 19.99% p.a..
Annual Fee
$160 per year
Balance Transfer
0% for 6 months reverts to 19.99% p.a.
1% BT fee applies.
1% BT fee applies.
Purchase Rate
19.99% p.a.
Interest Free Period
up to 44 days
Details
Card Type
Mastercard
Minimum Repayment
2% or $20
per statement, whichever is greater
Interest Free Period
up to 44
days
Minimum Credit Limit
$6,000
Fees
Annual Fee
$160
per year
Late Payment Fee
$25
per statement
Cash Advance Fee
3% or $4
per transaction, whichever is greater
Additional Card Holder Fee
$0
Additional Card Holder Cap
up to 3
additional holders
Rates
Purchase Rate
19.99% p.a.
Cash Advance Rate
21.99% p.a.
Balance Transfer
Balance Transfer
0% for 6 months
reverts to 19.99% p.a.
1% BT fee applies.
1% BT fee applies.
Balance Transfer Limit
95%
of credit limit
Balance Transfer Fee
1%
per transaction
Overseas Spending
Foreign Currency Conversion Fee
0%
per transaction
Eligibility
Minimum Age
18
years old
Temporary Residents
No
Rewards
Program
Bankwest More Rewards
Types
Gift Card, Cashback
Reward Rates
Rewards Rate One
2 point(s) per AUD$1
On eligible purchases up to 400,000 point(s) per year
Perks
Complimentary Travel Insurance
Yes
Airport Lounge Access
No
Who is the product designed for?
These customers are likely to have the following objectives, needs, financial situation and must meet the eligibility criteria for this product:
Objectives and Needs
- Require a revolving credit facility with a convenient way to make payments and access cash by using the card attached to the facility
- Ability to earn rewards points when spending on their card
- Access to complimentary travel insurance and upgraded benefits
- Waiving of foreign transaction fees
- Access to interest free days
- Access to promotional offers
Financial Situation
- meet Bankwest's credit assessment criteria which includes demonstrating the capacity to make the required repayments without substantial hardship
- choose a credit limit typically above $6,000
- will pay a higher interest rate when required under the card contract (compared to some other Bankwest credit cards)
- will pay a higher annual fee (than some other Bankwest credit cards) if criteria are not met for a fee waiver
Eligibility Criteria
- be an individual 18 years or older
- be living in Australia as an Australian citizen or Australian permanent resident (exceptions may apply)
- Meet Bankwest's credit assessment criteria which includes demonstrating the capacity to service the credit facility
Visit Bankwest to view Target Market Determination Effective From: 2024-09-27.
