More Platinum Mastercard

Compare

Basic

Card Level
Card Level
Platinum
Interest Free Days
Interest Free Days
44
Maximum credit limit
Maximum credit limit
No set max
Minimum credit limit
Minimum credit limit
$6,000
Minimum repayment dollars
Minimum repayment dollars
$20
Minimum repayment percent
Minimum repayment percent
2
Number free supplementary
Number free supplementary
3
Annual Fee
Annual Fee
$160
Late Payment Fee
Late Payment Fee
$25
Over limit fee
Over limit fee
$30
Duplicate statement fee
Duplicate statement fee
$8
Supplementary card annual fee
Supplementary card annual fee
$0
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available
Card Level
Card Level
Platinum
Interest Free Days
Interest Free Days
44
Maximum credit limit
Maximum credit limit
No set max
Minimum credit limit
Minimum credit limit
$6,000
Minimum repayment dollars
Minimum repayment dollars
$20
Minimum repayment percent
Minimum repayment percent
2
Number free supplementary
Number free supplementary
3
Annual Fee
Annual Fee
$160
Late Payment Fee
Late Payment Fee
$25
Over limit fee
Over limit fee
$30
Duplicate statement fee
Duplicate statement fee
$8
Supplementary card annual fee
Supplementary card annual fee
$0
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available

Rates

Purchase Rate
Purchase Rate
19.99%
Cash advance rate
Cash advance rate
21.99%
Purchase Rate
Purchase Rate
19.99%
Cash advance rate
Cash advance rate
21.99%

Balance Transfer

Balance Transfer Rate
Balance Transfer Rate
0%
for 6 months then 19.99%
Transfer Limit
Transfer Limit
95%
of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$50
Balance Transfer Rate
Balance Transfer Rate
0%
for 6 months then 19.99%
Transfer Limit
Transfer Limit
95%
of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$50

Overseas spending

Foreign Exchange Fee
Foreign Exchange Fee
Overseas charges
Overseas charges
$5
Estimated ATM Cost
Estimated ATM Cost
Foreign Exchange Fee
Foreign Exchange Fee
Overseas charges
Overseas charges
$5
Estimated ATM Cost
Estimated ATM Cost

Rewards

Program name
Program name
Bankwest More Rewards
Rewards Available
Rewards Available
Gift Card, Cash Back
Program name
Program name
Bankwest More Rewards
Rewards Available
Rewards Available
Gift Card, Cash Back

Eligibility

Minimum age
Minimum age
18
Minimum income
Minimum income
Eligibility conditions
Eligibility conditions
Minimum age
Minimum age
18
Minimum income
Minimum income
Eligibility conditions
Eligibility conditions

Earn Rates

RateCard TypeEarnsCondition
2 points for $1 spentMasterCardUp to $400,000 annuallyeligible transactions

Perks

  • Concierge
  • Extended WarrantyWarranty is extended for the same duration as the original warranty up to 1 year.
  • Free Domestic Travel Insurance
  • Free International Travel Insurance
  • Free Travel Insurance Days
  • Price GuaranteeIf you purchase personal goods in Australia and then find the same product advertised later in a printed catalogue at a cheaper price within 21 days of purchase, from a store within 25km of the store where the item was purchased, you can claim back the difference if it is more than $75 and less than $1000.
  • Purchase ProtectionCovers up to $125,000 per year
  • Free Supplementary Cards
Other Restrictions
Annual bonus points are for new More Mastercard customers only

Features

The Bankwest More Platinum Mastercard is a rewards card that lets you turn everyday purchases into rewards points. Offering a range of complimentary travel insurances and no foreign transaction fees make the Bankwest More Platinum Mastercard an appealing option for frequent flyers looking to turn their spending into rewards.

Bankwest's More Platinum Mastercard offers cardholders a 0 per cent introductory balance transfer rate for the first six months. Once the introductory period expires, the card will revert to a moderately high interest rate and annual fee, which is not uncommon for reward cards. This card offers a moderately low amount of interest-free days and a moderately high late payment fee.

Customers can get 75,000 bonus points by spending $48,000 each year on eligible purchases. Every dollar spent will earn two rewards points. There is an annual cap of 400,000 points which expire after 36 months.

Pros
  • Rewards program
  • Complimentary insurance
  • No foreign transaction fees
Cons
  • Annual fee charged
  • Late payment fee charged
  • High interest rate

Who is it good for?

Cardholders who regularly spend on their card will get the most value out of their Bankwest More Platinum Mastercard. Much like other rewards cards, the interest rate is on the high side, meaning this card is best suited to those who pay their balance in full each month.

Frequent flyers may benefit from the complimentary credit card travel insurance, which covers the cardholder's family, free worldwide emergency card replacement and fee-free foreign currency conversion fees.

Bankwest More Platinum Mastercard offers a wide range of complimentary insurances like purchase protection, extended warranty, guaranteed pricing scheme, interstate flight inconvenience insurance and a concierge service.

Cardholders who spend over $48,000 each year stand to gain an additional 75,000 bonus points. It’s worth noting that there is an annual cap of 400,000 points, which expire after 36 months.

This card is not ideal for those looking to consolidate debt.

What RateCity says

If you’re a regular traveller and you’re in the habit of paying your card balance in full, the Bankwest More Platinum Mastercard rewards program might offer value. While this card is packed with features, there are some caveats to consider. To access the 75,000 bonus points, you need to spend over $48,000 each year. At 2 points per $1 spent, points can accrue quickly, but there is an annual cap of 400,000 points which expire after 36 months.

Compared to other cards, the Bankwest More Platinum Mastercard offers a moderately low amount of interest-free days. There is a 0 per cent balance transfer option for six months, although the standard rate is on the high side and there is a 1 per cent balance transfer fee.

If you’re regular with your repayments and looking for a card that offers rewards, this card might be worth exploring. 

Applying/eligibility

To be eligible for Bankwest More Platinum Mastercard you need to be 18 years or older and be a permanent Australian resident. In addition to providing at least two forms of identification, you will need to provide proof of employment, income and financial information, including expenses and assets. Applications can be made online through the Bankwest website. The process takes a few minutes, and you’ll get an instant response at the time of application.

About Bankwest

BankWest was first established in 1895 by the government of Western Australia. Known back then as the Agricultural Bank of Western Australia, it was launched to assist in developing the state’s agricultural industry. In 2008, BankWest joined the Commonwealth Bank Group. Bankwest offers a wide range of personal and business banking products, such as credit cards, which include low rate, no annual fee, rewards and frequent flyer cards. Bankwest also offers home loans, personal loans and car loans.

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