Bankwest - Zero Platinum Mastercard
The Zero Platinum credit card has a $0 annual fee and an introductory balance transfer rate of 0% for 6 months. It has an international transaction fee of 0% and up to 55 days interest-free on purchases.
Annual Fee
Balance Transfer
3% BT fee applies.
Purchase Rate
Interest Free Period
Details
Fees
Rates
Balance Transfer
3% BT fee applies.
Overseas Spending
Eligibility
Perks
Who is the product designed for?
The customers of this target market are likely to have the following objectives, needs, financial situation and 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
- No annual fee
- Waiving of foreign transaction fees
- Access to interest free days
- Access to promotional offers
Financial Situation
The Financial Situation of the Target Market are customers that:
- 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).
Bankwest views that its processes in place, including assessing the customer’s ability to service the facility, will mean that the product will likely be consistent with the financial situation of the target market.
Eligibility Criteria
To hold this product, customers will need to satisfy certain eligibility criteria, including that customers must:
- 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.
