$0 Annual Fee
No Foreign Transaction Fees
Complimentary Overseas Travel Insurance
2.99% p.a. on Balance Transfers for the first 9 months
No attached rewards program
Perfect card for travelling
I have had this card for over 3 years. I have been using this card for overseas traveling in APAC, Europe and NA, the obvious advantage is that you can check transactions from mobile app instantly. And the conversation rate is quite good as well.
Simple credit card for overseas transactions
It is a simple card without annual fee and reward / big signup bonus. I have this credit card for a couple of years as a backup credit card. Only reason I have it is for overseas transactions where I do not an alternative option. Purchases in overseas has been great without any issues (especially where my other cards were rejected). Any overseas transactions will be displayed in almost real time through their online banking account or banking app with the original amount in foreign currency and the converted Australia dollars amount - which is ...very transparent. The card also has basic complementary overseas travel insurance. It is a very good feature for a credit card without annual fee. But I will not recommend to use it for that purpose if you have an option to cover it with other higher class credit cards that normally come with an annual fee. If you look at the terms of the travel insurance, it unsurprisingly covers less than other higher class credit cards.
Perfect card for travellers
zero annual fee
free complimentary travel insurance
Application process is simple
Balance transfer available
No proper payment system...
Great for overseas use with no foreign transaction fees
The title says it all, this no-annual-fee card comes with the added bonus that foreign transaction fees are waived. Whenever I travel or shop online from overseas sellers this is my go-to card.
Unfortunately no points/rewards program, so domestically I prefer to use other cards. If you are like me and don't mind choosing a card for a purpose, then having this one is a good idea.
Great for overseas travel
Legitimately only applied for the card to travel overseas.
Setting up was relatively easy, filled in the form and answered the questionnaire / phone interview. ID docs then sent emailed to me and filed with Auspost.
As for the card, used it to travel to the USA. Worked a charm as:
- no transaction fee
- no international conversion fee
- no issues using it OVERSEAS (USA only)
- worked everywhere (I had slight issues with other cards not working e.g. Citibank debit didn't work at some stores like CVS or Target, but Bankwest did).
- bankwest app could use some work (it is clunky and not intuitive, and needs to act morr like the CBA app with alerts on every spend, just for peace of mind). ...
No annual fee + free international travel insurance (updated review)
Below is what my previous review was. I had rated this as a 5-star card as it clearly was. However, BankWest made some changes to the travel insurance in Dec 2019. The free insurance is limited to only 31 consecutive days overseas (previously it was 6 months I believe). Furthermore, the coverage has been weakened so things like cancellation costs, rental car excess and others are no longer free. You can pay to upgrade your coverage, but on last looking, BankWest hasn't stated how much this will cost. If your overseas trip is more than 31...days, you can pay to extend the coverage as well. Again, no details of approximately how much this will cost. There still is no annual fee, and no overseas transaction fees. Several cards have this though. If you feel like you only need minimal travel insurance (medical, baggage, liability, and death), then this card would work well for you. The unknown is how much extra the increased coverage or increase of days (beyond 31) will cost. Old review before the changes: This has to be the best card that combines no annual fee with free travel insurance. Oh, and add to that no overseas transaction fees. The spending requirement for the free travel insurance (for overseas) is prepaying $500 in travel costs before flying overseas, which means that if you purchase a ticket with points, you just have to charge some overseas hotel, activity, etc. costs with the Bankwest Platinum card to qualify for the free travel insurance. The rules changed in the last few years and it used to be solely about the overseas airfare, but they relaxed it to just $500 of "prepaid travel costs". The zero transaction fees is another big benefit, and while you can get that with other zero-annual-fee cards, the other benefits make this one perfect.
Good solid no-frills card but bit outdated...
I got this card a few years for overseas travel. No annual fee and no fees for overseas purchases were exactly what I wanted. However although I have had it for a while now I only ever use it for this, and now it's even my back-up o/s card as many other cards, including my go-to card ,the coles reward mastercard, now offer no transaction fees on overseas purchases. I would say it was good when I got it but others have used there game. It also had no online way of cancelling the card when I lost my purse and the over-the-phone experience was frustrating as all the security check questions related to other 'cards' in my purse such as my drivers licence... Finally got there but a little stressful.
One of the very best, especially for travellers
This card has two major benefits. Firstly, it has no annual fees. And secondly, it has no fees on foreign purchases. I was sceptical about the latter as it is well known that many "no commission" foreign exchange deals involve hidden commissions in the form of a lower exchange rate. On every trip overseas I make spot checks on on the rate I am getting on the card. To Bankwest's credit it is always highly competitive.
The only negative to this card is the free travel insurance which also included. I find the policy is not up to scratch when com...
Only Fantastic for International Transactions
Only great if you use alot in overseas transactions. No Overseas Transaction fees make this card work like treat. Also No annual fees add up to the value. I have never seen any bank giving straight XE rates without even charging any transaction fees. Complimentary travel insurance etc all big bonuses.
Downside: High interest rate and High minimum credit limit ($6k Minm)
Good for overseas purchase
I always use this card when I travel overseas as there is no foreign currency transaction fee charged and the exchange rate is usually better than currency rate. Also, there is a travel insurance cover if I charge my travel booking to the card but there are some terms and conditions to be complied with in order to enjoy this cover, e.g. the travelling cost charge must be above a certain amount. There isn't reward point program but I am happy with that as I enjoy free annual fee forever. Will keep this card forever!
Good backup credit card
I have had this credit card for nearly 2 years and used it overseas without any issues. It is easy and quick to apply. I do not use this card often as I have another credit card with rewards. So this is just for backup or using it overseas as it has no international fee. I use the other card's complimentary travel insurance so cannot comment on this aspect.
No annual Fee, No international transaction fees
I have found this card to be worth having. There is no annual fee and no fees for international transactions so I always use the card if I am travelling overseas. It also comes with free travel insurance but I have never had to try that out. You don't get any points for using the card but I find the advantages outweigh that.
Questions & Answers
Is this card better than GE Money 28 Degree Mastercard which also offers Zero international transaction fee and Mastercard exchange rates?
My intension to get this credit card is only for online purchases(USD/GBP) and overseas travel.
Bankwest customer service/call centre is in Australia, and are easier to deal with than 28 degrees call centre in India. Travel insurance is complimentary too, unlike the 28 degrees card where you have to pay extra for this benefit.
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