Bankwest More Platinum Review: Rewards, Benefits & Full Guide for Australians
The Bankwest More Platinum is a rewards-focused credit card designed for Australians who want strong points-earning potential, everyday perks, and useful travel benefits.
Its primary purpose is to help cardholders earn rewards on daily spending while enjoying premium insurance coverage and flexible redemption options.
This card targets consumers who value rewards points, travel perks, and added protections, but who still prefer a mid-tier card with a reasonable annual fee.
It suits frequent shoppers, travellers, and families interested in earning points without dealing with complex premium-card costs.
While it is not a cashback card, it excels in reward flexibility and convenience, making it attractive to those who want value from their monthly spending.
Main Benefits and Rewards
The Bankwest More Platinum offers a strong rewards program that delivers excellent value for everyday purchases.
Cardholders earn Bankwest More Rewards Points on eligible transactions, and the system is known for its simplicity and wide redemption flexibility.
Rewards Structure
- 2 points per $1 spent on eligible purchases within Australia
- 1 point per $1 spent on international transactions
- Redeemable for gift cards, merchandise, travel bookings, and cash-style rewards
This card does not offer cashback directly, but the reward options can be used to offset expenses in practical ways.
Welcome Bonus
Bankwest frequently offers large introductory points bonuses for new cardholders who meet the minimum spend requirement in the first few months.
These bonuses can often be redeemed for significant travel or shopping rewards, increasing the card’s overall early value.
Additional Benefits
The Bankwest More Platinum includes several premium perks:
- Complimentary international travel insurance
- Extended warranty insurance
- Purchase protection
- Fraud and security protection tools through the Bankwest app
- Mobile wallet compatibility with Apple Pay, Google Pay, and Samsung Pay
Why It Is Competitive
Compared to other mid-range rewards cards in Australia, the Bankwest More Platinum stands out due to:
- Strong points earning on daily purchases
- A practical, easy-to-understand rewards program
- Travel insurance without requiring a high annual fee
- No foreign transaction fee when using the companion Zero Mastercard (optional pairing)
Annual Fee and Overall Costs
The Bankwest More Platinum charges an annual fee that reflects its mid-tier benefits.
- Annual fee: Usually around $160
- First-year waiver: Not commonly offered, but promotions may appear occasionally
The fee is worth it for cardholders who:
- Spend consistently throughout the year
- Use travel insurance benefits
- Redeem rewards strategically for high-value items or travel
Other Costs
- Replacement card fees
- Late payment fees
- Potential interest charges if you do not pay the balance in full
For consumers who take advantage of the included insurances and rewards program, the annual fee can offer excellent overall value.
Rates and Fees
Understanding the fee structure is essential for Australian cardholders comparing options.
- Purchase interest rate: Typically around 19.99% p.a.
- Cash advance rate: Often above 20.99% p.a.
- Balance transfer rate: Varies by promotion, often 0% p.a. for a limited period with no BT fee
- International transaction fee: Usually 0% when using certain Bankwest card setups (depending on product pairing)
The card is suitable for overseas use, especially when paired with Bankwest’s zero-foreign-fee cards. However, interest charges apply if balances are not paid by the due date.
Approval Requirements
The [Bankwest More Platinum] typically requires:
- A good to excellent credit score based on Australian reporting systems
- Demonstrated stable income
- A low-to-moderate debt load
- A clean credit history with minimal recent applications
Overall approval difficulty is medium. It is easier to obtain than premium or black-tier cards but more selective than basic low-rate options.
Pros and Cons of the Bankwest More Platinum
Pros
- Strong points earning on everyday purchases
- Flexible rewards redemption options
- Complimentary international travel insurance
- Extended warranty and purchase protection
- Mobile wallet support
Cons
- Moderate annual fee
- Not ideal for cashback seekers
- Lower international points earning rate
- Higher interest rates if carrying a balance
- No premium airport lounge access
Who Should Apply for the Bankwest More Platinum?
This card is ideal for:
- Frequent shoppers who want points on daily spending
- Travelers looking for built-in insurance
- Families wanting rewards for household purchases
- Professionals who prefer a mid-tier card with solid features
It is less suited for students or minimal spenders who cannot maximise the value of rewards.
Competitor Comparison
Compared to the ANZ Platinum Credit Card
- ANZ Platinum offers stronger travel coverage but fewer reward flexibility options.
- Choose Bankwest More Platinum if you want simpler rewards and consistent point earning.
Compared to the Westpac Altitude Platinum
- Westpac provides broader airline and hotel partnerships.
- Choose Bankwest if you value straightforward rewards and an easy-to-navigate system.
Final Thoughts on the Bankwest More Platinum
The Bankwest More Platinum is a compelling option for Australians seeking a balanced rewards card with useful travel insurance and strong point-earning potential.
It delivers good value for medium to high spenders and offers flexible rewards suitable for various lifestyles.
For consumers who consistently use credit cards for everyday spending and want extra perks without premium-card pricing, the Bankwest More Platinum is well worth considering.
Disclaimer
This article is for informational purposes only. We are not affiliated with banks, card issuers, or financial institutions.
All fees, rates, and benefit details may change at any time. Always check the official website of the card issuer for the most accurate and updated information before applying.
