Bankwest Breeze Platinum Mastercard

Offer
Card features
foreign exchange fee
overseas ATM balance fee
overseas ATM withdrawal fee
Apply
0% p.a. for 13 months on purchases.
Minimum credit limit of $6,000.
0% p.a. for 13 months on balance transfers. (2% balance transfer fee applies).
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$4

Pros & cons

What's good?

What's not so good?

0% p.a. for 13 months on balance transfers. (2% balance transfer fee applies).
No foreign transaction fees on online and overseas purchases.
0% p.a. for 13 months on purchases.
International travel insurance.
Free worldwide emergency card replacement if you ever need it.
Add up to 3 additional cardholders for free.
2% balance transfer fee.
A cash advance rate of 21.99% p.a.

Our review

Our review of the Bankwest Breeze Platinum MastercardReviewed by Yvonne Taylor

For only $20 more per year than the standard Breeze Mastercard, you can have the Bankwest Breeze Platinum Mastercard. You’ll get the same zero-interest introductory offers on balance transfers and purchases and the same low ongoing interest rate, but that extra $20 on the annual fee will buy you a whole lot of valuable insurance cover. And you’ll probably recover more than the $20 by saving on foreign transaction fees. In short, you’ll get platinum benefits at a lower than expected price.

0% p.a. for 13 months on both balance transfers and purchases

The balance transfer offer is far from being the longest currently available, but it has an important accompanying feature that is not matched by cards with zero-interest balance transfers lasting two years or more. This valuable additional benefit is the parallel offer of 0% p.a. for 13 months on purchases.

What this means is that you can use your new card for purchases with no interest penalty – in fact, no interest at all – for 13 months, in spite of the fact that you’re carrying an unpaid balance transfer. With the vast majority of cards, the presence of the balance transfer would wipe out even the normal monthly interest-free days, rendering the card virtually useless for purchases until the transferred balance is repaid in full.

2% balance transfer fee – unfortunate, but not unusual

If you were to balance transfer the sum of $7,000 from a card (or cards) where you were paying 20% p.a. on an overdue debt, at the end of 13 months you would have saved $1,484 in interest charges. Unfortunately, there’s a 2% upfront transfer fee to pay, which would reduce the net saving to $1,344. This kind of transfer fee is not unusual, however. Not every card imposes it, but many do, and it can be as high as 3% of the amount transferred.

Even the revert rate is low, for a credit card

When applying for a balance transfer it’s always best to plan to repay the balance before the end of the promotional period, in order to avoid the high revert rate – the interest rate that will be applied to any balance remaining when the offer has expired.

In many cases a card’s high cash advance interest rate will be used as the revert rate, but with this card Bankwest have chosen to use the much lower ongoing purchase interest rate, instead of the punitive cash advance rate of 21.99% p.a. This will be welcome news to anyone not absolutely certain that they will have the capacity to repay their transferred balance within 13 months..

Low 12.99% p.a. ongoing purchases interest rate

The revert interest rate, and ongoing purchases interest rate, is 12.99% p.a. While this is higher than most personal loan interest rates, it’s definitely very low for a credit card.
It will begin to be applied to any accumulated purchases balance that remains unpaid after the end of 13 months. It will also apply to any new purchases from the 14th month onwards if they are not repaid in full by the monthly payment due date.

Up to 55 days on purchases

In the 14th and subsequent months, interest charges on any new purchases can be avoided by taking full advantage of the up to 55 days interest free allowed for purchase transactions, and then repaying the balance in full by the payment due date. At up to 55 days, the interest-free period is more generous than that allowed by some 44-day cards.

$6,000 minimum credit limit

The $6,000 minimum credit limit is not suitable for anyone who wishes to avoid the temptation to run up a credit card bill they would struggle to repay. If you need a lower limit, apply for the non-platinum Bankwest Breeze Mastercard instead. It has fewer benefits and a lower fee, and a low minimum credit limit of $1,000.

High late payment fee

The $25 fee imposed if you are late with your monthly repayment is seriously unpleasant. It can be avoided by always making at least the 2% monthly repayment required, on or before the due date.

This is not the highest of credit card monthly repayment fees, but it’s higher than that charged by any of the Big Four banks.

Lots of complimentary insurance cover

Platinum cardholders expect platinum insurance cover, and this card will not disappoint. It has the full suite of complimentary policies, including:

  • Overseas travel insurance: annual multi-trip cover for journeys up to six months long
  • Interstate flight inconvenience insurance: covers flight and luggage delays, personal items loss or damage and unavoidable travel cancellation, for domestic trips of up to 14 days
  • Transit accident insurance for overseas travel: providing cash compensation for serious injury sustained on public transport
  • Extended warranty insurance: doubles the manufacturer’s Australian warranty, up to a maximum of 12 additional months
  • Purchase protection insurance: three months’ cover against loss, theft or accidental damage, for major personal items purchased
  • Price guarantee insurance: refunds a price difference of between $75 and $1,000 if you see your recently-purchased item advertised for sale at a lower price, located at a store within 25 km of the original purchase store (excluding online purchases)

In order to be covered by these policies, you must use your Bankwest Breeze Platinum Mastercard to purchase the items concerned. In the case of the interstate flight inconvenience insurance, this means the return airfares, and for overseas travel insurance it means at least $500 of the trip’s prepaid expenses.

No foreign transaction charges

There’s some really good news for anyone travelling overseas or making online purchases from a merchant not located in Australia. All your purchases will be absolutely free of foreign transaction charges and currency conversion fees. Other cards can charge a fee of up to 3.5% on these transactions.

Perth Arena benefits

You can have a Bankwest credit card wherever you live in Australia, but if you live in Perth (or are just visiting) you can take advantage of a 10% discount on food and beverages at Perth Arena, access to the Backstage Lounge, and event ticket giveaways and discounts.

Annual fee lower than expected

It all adds up to a tidy platinum package: all these benefits for a very reasonable annual fee of $99 p.a., only $20 more than the Bankwest Breeze Mastercard (which has no insurance cover and no freedom from overseas transaction fees).

Compare other platinum cards before you decide

One of the reasons for the lower than anticipated annual fee is the absence of rewards points with this card. Many applicants for a platinum card will expect rewards points on their purchases.

But there are lots of different types of platinum cards available in Australia. If the card discussed here doesn’t exactly meet your needs, take a look at other platinum cards listed on our Platinum Credit Cards page. (Click 'Features’ at top right, then 'All features’. Scroll down to 'Rewards Credit Cards’ and choose 'Platinum Credit Cards’.)

A card for the savvy traveller

There’s no doubt that this is a card for the reasonably regular traveller with a shrewd eye for economy. The travel insurance and fee-free foreign purchases can add up to substantial savings.

Back home, it will also appeal to anyone likely to make major retail purchases, with the potential to be covered by the extended warranty, purchase protection and price guarantee policies, as well as fee savings on online overseas purchases.

User reviews

4.1 out of 5.0 based on 8 reviews88% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Quick service for balance transfer

Reviewed and recommended by Sandra on 15 Oct 2016

I obtained this card though a balance transfer from another card. I received excellent service and they were very quick to transfer funds to pay off my existing card — within three days. There’s always minimal delay in customer service and minimal wait time on the phone, which is really frustrating with other banks, etc.

The yearly fee is one of the lowest on the market, from what I’ve researched.

Earlier payment due dates, fewer rewards

Reviewed and not recommended by Sarah on 30 Sep 2016

What started out to be a great credit card is slowly starting to turn into a nightmare. Our due dates for payments are becoming earlier and earlier, to the point where it now skips a pay cycle for me, which is making it harder to pay off.

Not only this, but rewards that used to be great are getting more and more expensive, requiring larger amounts of points to be accrued for smaller benefits.

I would definitely steer clear of this credit card and we are definitely considering a new one soon.

A good, easy to manage, everyday card

Reviewed and recommended by Lawrence on 22 Oct 2013

This card is easy to use and has a reward scheme that offers cash back. I much prefer this and It is great to see money returned to my account. It is very easy to manage with a comprehensive and very user friendly website where you can quickly see all your accounts and transfer efficiently between accounts when necessary.

Great for emergencies

Reviewed and recommended by John on 16 Jul 2016

I got this card to pay out another credit card on no interest. I do like the bank but am considering going to a lesser card.

Reward points do not interest me. I just need it for emergencies. The only other thing that annoys me with credit cards is the interest rates.

Market low interest rate

Reviewed and recommended by Michael on 21 Sep 2016

Switched to this card to reduce my repayments. It saved me a lot of money with 8.99% interest rate instead of the standard 22%.

Unfortunately no rewards are offered, so not ideal for customers who pay off their credit cards on time every month. Would recommend for people struggling with paying off debt.

Better internet banking and customer service

Reviewed and recommended by Mark on 05 Nov 2013

Was with Virgin but now I have all my cards together with Bankwest and the service is so much better to be able to access everything on the one Internet site. The customer service is also very helpful and they speak good English which is very helpful in this day and age.

Best card for overseas purchases

Reviewed and recommended by Rachel on 22 Jun 2016

There are no international transaction fees, which is excellent for someone who travels overseas regularly for business. The complimentary travel insurance on purchases is helpful when bringing home new purchases from overseas. I save interest by paying off purchases within the interest-free period. There is no annual fee or rewards program, but you have easy online banking experience and access to Commonwealth Bank ATMs.

Easy access

Reviewed and recommended by Ian on 04 Jul 2016

I love the ease of access, the website, the backup service, the customer helpline, online help, the ease of contacting them either in Australia or when traveling overseas, and especially the travel insurance as a benefit. I use the travel insurance on a regular basis and never have problems with claims.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Single
Card tier
Platinum
Card type
MasterCard
Card use
Personal
Credit rating
Any
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
N/A
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
None
Temporary residents
Yes

Cardholders

Additional cardholders
3
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$6,000
Maximum credit limit
$25,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.13 months2%$500 up to 95% of credit limit12.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
$500 up to 95% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the Bankwest Breeze Platinum Mastercard at the promotional balance transfer rate from:

  • Aussie
  • Bankwest
  • Commonwealth Bank

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.13 months2%$500 up to 95% of credit limit 12.99% p.a.
Purchases0% p.a.13 monthsN/AN/A 12.99% p.a.

Ongoing interest rates

MonthlyAnnually
Cash advances 1.83% 21.99% p.a.
Purchases 1.08% 12.99% p.a.

Fees

Annual fee
$99 p.a.
Cash advance fee
2%
Dishonour fee
$10
Duplicate statement fee
$1.25
Foreign exchange fee
0%
Late payment fee
$25
Over limit fee
$30
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$4
Overseas emergency card replacement fee
$0
Transaction verification fee
$10

Benefits

This card comes with benefits worth an estimated $1,341

ShoppingEstimated value
Extended warranty
Valuation based on the assumption of making a $250 claim once every 5 years. There is no retail market for all-encompassing extended warranty insurance covering more than one item, so no premium saving.
$50
Guaranteed pricing / price protection insurance
Valuation based on the assumption of making a $100 claim once every 10 years. Extensive conditions apply. There is no retail market for this type of insurance, so no premium saving.
$10
Purchase protection
Valuation based on the assumption of making a $200 claim once every 5 years. There is no retail market for this type of insurance, so no premium saving.
$40
Travel
Interstate flight inconvenience insurance
Valuation based on similar domestic travel insurance policies available online that include interstate flight inconvenience.
$290
Overseas travel insurance
Valuation based on similar annual travel insurance policies available online for trips of up to 60 days.
$801
Transit accident insurance
Valuation based on similar global transit accident insurance policies available online.
$150
Total estimated value$1,341
Annual fee$99
Net customer value$1,242
Disclaimer: Details of who, what, and where coverage applies to, as well as its duration and any coverage limitations will be listed in the credit card insurance product disclosure statement (PDS) on the card issuer's website. The names/labels of complimentary insurance products may differ from one issuer to another. Terms and conditions apply. Always check the insurance PDS when considering a financial product. Accurate as of 31st October 2015.

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Temporary residents are eligible
Age Pension is acceptable.
Disability Pension, Overseas Pension, Veteran's Pension and Widower's Pension are not acceptable.
Income from pensions is not allowed
Disclaimer: The minimum criteria pointers are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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