Bankwest Lite Platinum Mastercard

Find out how you can save money on interest charges with the Bankwest Lite Platinum MasterCard. Enjoy a spectacular 10.75% regular purchase interest rate and all the usual platinum perks for an annual fee of just $120.

The Bankwest Lite Platinum MasterCard possesses all the grandeur of a regular platinum credit card but does not treat the cardholder as though their surname is Rothschild; the same fantastic rates and offers that are available on the regular Bankwest Lite MasterCard also apply to the gold and platinum versions.

Bankwest Lite Platinum MasterCard key features

The Bankwest Lite Platinum MasterCard has an introductory balance transfer offer of an unbelievable 1.99% p.a. for 9 months, provided that the debt is being transferred from a non-Bankwest credit card. This shows that Bankwest is not assuming that its platinum customers are not all happily debt-free. The Bankwest Lite Platinum MasterCard is therefore a real-world platinum card that is geared to the reality of the current economic climate, and Bankwest should be applauded for this.

1.99% p.a. for 9 months on your debt is an effective remedy for cutting your existing interest charges right back to a minimum, as your existing rate is likely to be in the low to mid teens, and maybe even by knocking 20% if it’s being carried on another platinum credit card from a different provider. 1.99% will clearly save you hundreds of dollars, maybe more depending on the size of your debt. This offer is also available on the standard Bankwest Lite MasterCard and the Bankwest Lite Gold MasterCard.

It gets better. The regular purchase interest rate on the Bankwest Lite Platinum MasterCard is the same as on the standard and gold versions: a paltry 10.75%. You can try to find lower if you want, but it will be a fruitless search. This low rate means that a failure to completely clear your transferred debt within the year will not cause you to be punished by a frightening revert-to interest rate. It also means that the Bankwest Lite Platinum MasterCard is a great card for regular purchases once your debt has been cleared. Some balance transfer credit cards have such unattractive rates beyond the initial offer that they are never used again.

The annual fee is $120, which for any platinum credit card is low, but for one with such great features is an absolute steal. And you also benefit from the usual 55 days interest-free on purchases, provided you have cleared your balance from the previous month.

Extra benefits of the Bankwest Lite Platinum MasterCard

Naturally, the Bankwest Lite Platinum MasterCard boasts all the platinum perks you would expect, such as complimentary international travel insurance and accident insurance, purchase protection on goods bought with the card, a price guarantee, up to 12 months extra warranty on top of the usual manufacturer’s warranty, and a 24/7 concierge service to help you arrange travel, bookings, shopping and medical services.

Key features checklist

• 1.99% p.a. for 9 months on balance transfers from non-Bankwest credit cards
• Amazingly low 10.75% regular purchase rate
• Comparatively low $120 annual fee
• 55 days interest-free on purchases
• Free travel and accident insurance
• Free extended warranties
• 90-day purchase protection
• Price guarantee
• 24/7 concierge service

With all these great features, you’d have to think very hard to find a reason not to apply for the Bankwest Lite Platinum MasterCard.