Bankwest Breeze Mastercard

My rate: 
17%
 
My annual fee: 
$90
 
Transfer: 
$5,000
 
From: 
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Offer
Card features
balance transfer
purchase rate
annual fee
Money saved
0% p.a. for 13 months on purchases.
Minimum credit limit of $1,000
0% p.a. for 13 months on balance transfers. (2% balance transfer fee applies).
Add to comparison
13 months
0% p.a.
then 12.99%
with a 2% fee
13 months
0% p.a.
then 12.99%
$79
ongoing

Pros & cons

What's good?

What's not so good?

0% p.a. for 13 months on purchases.
0% p.a. for 13 months on balance transfers. (2% balance transfer fee applies).
Minimum credit limit of $1,000
Get up to 3 additional cardholders at no added cost.
Free worldwide emergency card replacement.
2% balance transfer fee.
No rewards program.

Our review

Our review of the Bankwest Breeze MastercardReviewed by Yvonne Taylor

Get the best of both worlds with combined zero-interest offers on balance transfers and purchases when you apply for the Bankwest Breeze Mastercard. The card’s two offers mean that you can still use the card for purchases while you have an unpaid balance transfer.

Also, unlike many cards with a revert interest rate of around 21 percent, the revert interest rate is the card’s low ongoing purchase interest rate, not its high cash advance rate.

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

Lots of cards now have introductory 0% p.a. interest on balance transfers, but surprisingly few combine this with a parallel 0% p.a. offer on purchases. Without an introductory 0% p.a. offer on purchases, you would end up paying interest from each purchase transaction date at the ongoing purchases interest rate. An unpaid balance transfer cancels the normal Up to 55 days on purchases, but with this card you don’t need to worry because you won’t be charged any interest at all for 13 months. You can potentially make big savings if you deposit your repayment cash in a savings or mortgage offset account instead, and then withdraw the lump sum to clear your balances after 13 months.

You will, however, need to exercise some financial discipline. At the end of 13 months the revert interest rate will be applied immediately to any unpaid balance transfer and new purchases balance. The revert interest rate may be lower than that of many other cards, but it’s still relatively painful.

2% upfront fee on balance transfers

The 2% fee, payable on the amount of any transferred balance, takes some of the shine away from the offer. A $5,000 transfer from a card charging 20 percent in interest, for example, would see you saving $1,060 in interest charges over a 13 months period, but the $100 transfer fee would reduce your net saving to a still gratifying $960.

12.99% p.a. is both the revert rate and the low ongoing purchases interest rate

When the introductory interest rates expire, you’ll still have a card which charges interest at the lower end of the scale. Having a low-rate credit card in your wallet can be very useful if your finances are unpredictable. Paying 12.99% p.a. for a short period is much more manageable than paying the 20 percent, or more, charged by some cards.

21.99% p.a. cash advance rate is among the highest

However, since this card’s cash advance interest rate is 21.99% p.a., Bankwest are certainly not encouraging you to take cash advances, and that’s not a bad thing. Credit card cash advances are a really dangerous way to manage your finances, because there are never any interest-free days on cash advances. You’ll be slugged with high interest charges from the day you take your advance until the day you repay it.

Low credit limits available

This card has a low minimum credit limit of $1,000, which means that you can reduce the exposure to temptation that comes with a higher limit you may not need or want. In fact, if you’re approved for a limit of $6,000 or more, you’re likely to be steered towards the more expensive Bankwest Platinum Breeze Mastercard. So if you just want a low limit, make your preference clear when you apply, and stick to your guns.

Special benefit for Perth residents and visitor

You don’t need to be a resident of Western Australia to benefit from owning a Bankwest Breeze Mastercard. Bankwest is a subsidiary of Commonwealth Bank and it has many branches and ATMs in other states, as well as online banking and a mobile app.

However, if you live in Perth or are just visiting, you can take advantage of a 10% discount on food and beverages at the Perth Arena when you pay with your card. There’s also the opportunity to win tickets to events or buy them at a discounted price, as well as gaining access to Bankwest’s Backstage Lounge at the venue.

Free emergency card replacement, worldwide

This may not sound like a big deal, but when you consider that other banks charge up to $100, and possibly more, to replace a card lost or stolen overseas, this fee-free service could turn out to be a real boon for anyone travelling outside Australia.

Moderate annual fee

The annual fee of $79 p.a. is not unreasonable for a fuss-free card which still promises a low interest rate on purchases when the introductory offers expire.

Competing low interest rate cards

It’s not too easy to find another card with this combination of a low ongoing interest rate, moderate annual fee and fairly long-lasting introductory rates on both balance transfers and purchases. But if you browse the low interest credit cards in our ‘Features’ section you’ll probably want to spend some time looking at the NAB Low Rate Card and the Virgin Money Low Rate Credit Card, as well as other cards which have at least some of the features you’re looking for.

Look beyond the introductory interest rates

Introductory interest rates don’t last forever, and the ones offered with this card are relatively short-term by current standards. But if you need some temporary wriggle room to sort out your debts, you can be confident that this card’s ongoing low interest rate may also prove very useful if you find yourself in a similar situation in future.

User reviews

3.9 out of 5.0 based on 13 reviews85% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

I would use this card most days

Reviewed and not recommended by Abbey on 20 Sep 2016

I am not sure if I would really recommend it, but you get it. It would be nice to have lower interest rates. If it had lower rates then I would probably recommend it. As it is, I might only give it a few more stars than it is worth.

Bankwest is just one of those banks that is average at everything it does.

Easy to set up, great service

Reviewed and recommended by Tina on 29 Nov 2016

I think this bank is one of the best out here in Australia, It was easy setting up and getting started — the process was simple. I’m still with this bank now. The customer service is great. I would most definitely recommend everyone to choose them — they’re great!

We really like this card

Reviewed and recommended by Happy on 30 Aug 2013

We really like this card because of the interest rate which is very low and have been very happy with the fees. When we have contacted the bank, customer service have always been friendly and helpful. Like the convenience of the card as its accepted everywhere in store and online. We would recommend it.

Never lets me down

Reviewed and recommended by Josh on 13 Aug 2016

Bankwest is the best bank, offering the best cards and customer service. The Breeze MasterCard is easy to apply for at any Bankwest branch. The card is also accepted at every store I have ever bought from. I lost my card outside the vet clinic one day and it took less than three days to receive my new one in the mail. Amazing.

No-frills, low bills, not for dills

Reviewed and recommended by Simone on 24 Sep 2016

This product consistently delivers a considerably lower interest rate on purchases, year after year. I have had the product for approximately 7 years.

The annual fee is fair, but nearing what I would deem unacceptable for a basic credit card facility with no rewards scheme.

I’ve titled that this card is “not for dills”,as to operate it without grief you must be organised to get your monthly payment (minimum or higher) to Bankwest on time, with payment being via BPAY only for those outside Western Australia with no access to branch payment. Bank@Post isn’t available. Similarly, when you need to do something out of the everyday, like changing a PIN (done only in select full service ATM’s), it can be difficult if you reside outside the Bankwest branch network.

Internet Banking facilities are good, and you are able to message their customer service team via secure messages with a good turnaround time to receive a real-person response.

Unlike other institutions I’ve experienced, Bankwest charge a late payment fee immediately — not a single day’s grace — and the fee is high at $25.

A good tool if used correctly

Reviewed and recommended by Charmars on 20 Oct 2013

Since I never experience late fees for I use my card only where I cannot use cash or E.F.P.O.S. and clear card as soon as I use it, or before the end of the month. In this way I don’t incur any charges at all, so I am well pleased with my MasterCard.

Very happy with it

Reviewed and recommended by Lauren on 09 Oct 2014

I am very happy with this credit card. Not sure if I get rewards for using it – if I do that will make it even better. Was easy to apply for and customer service has always been really great – friendly & helpful. Would definitely recommend this credit card to anyone else.

Balance transfer promo was a great start!

Reviewed and recommended by Candice on 09 Jun 2016

I wanted a low rate balance transfer card for a small debt. It was quick to apply, the staff were fantastic, and the fees excellent. From my dealings with BankWest so far, I am now thinking of transferring all of my accounts across to them. I can access my account through all Commonwealth banks and online banking is easy. I would recommend this balance transfer card to anyone.

Overdue fees are ridiculously high

Reviewed and not recommended by LB on 01 Aug 2013

The overdue fees are ridiculously high. I rarely use the credit card and always try to make sure that I am in credit. On the rare occasions when I have owed money on the card and have been late in paying the amount due, the late fee has been exorbitant. eg Have owed a payment of $20 and the late fee was $30. So much for rewarding a good customer. I have the card, with a low credit limit, for convenience in paying certain household bills

Great service and very low interest

Reviewed and recommended by Jacqueline on 30 Apr 2017

The card is bright and easy to find in my wallet. The interest rates are low. The service is always great. I have never had any problems with this card or with this bank.

My card was hacked. They knew before did, and rang me straight away. Bankwest all the way!

Show 3 more reviews
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
Standard
Card type
Mastercard
Card use
Personal
Credit rating
Any
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$20,000
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
$1,000
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%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
55 days
Maximum balance transfer
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 Mastercard at the promotional balance transfer rate from:

  • Bankwest

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.13 months2%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
$79 p.a.
Cash advance fee
2%
Dishonour fee
$10
Duplicate statement fee
$1.25
Foreign exchange fee
2.95%
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

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $20,000 per year
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 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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