Bankwest Qantas World MasterCard

My monthly spend: 
$5,000
 
Offer
Card features
Rewards program
Earn rate
Sign up bonus
Points earned
Up to 12 months complimentary credit card travel insurance, conditions apply.
Up to 44 days on purchases.
No foreign transaction fees on overseas and online purchases
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
0.66 pts
per $1 spent^
-

Pros & cons

What's good?

What's not so good?

Up to 12 months complimentary credit card travel insurance, conditions apply.
Up to 44 days on purchases.
International travel insurance for the family when you purchase return tickets.
Up to 3 additional cardholders for free.
Worldwide emergency card replacement.
Bankwest has organised for new cardholders to have the Qantas Frequent Flyer membership joining fee to be waived, saving you $82.50.
The annual fee of $270 p.a.
The earn rate of 0.66 pts per $1 spent^ on eligible purchases is less than 1 pt per $1 spent.

Q&As about the Bankwest Qantas World MasterCard

Q: What are the Terms & Conditions ^* ?

You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points. A joining fee usually applies. However, complimentary membership is available from Bankwest if you join at qantas.com/joinffbankwest. Membership and the earning and redemption of points are subject to the terms and conditions of the Qantas Frequent Flyer program. Qantas Points are earned in accordance with and subject to the Bankwest Qantas Rewards Terms and Conditions. Qantas Points are earned on eligible purchases only, see Bankwest Qantas Rewards Terms and Conditions (PDF). Exclusions, limitations and points caps apply. The total Qantas Points (including any bonus points) that can be earned in each year are: 50,000 Qantas Points if your Card is a Bankwest Qantas Classic MasterCard; 66,667 Qantas Points if your Card is a Bankwest Qantas Gold MasterCard and 200,000 Qantas Points if your Card is a Bankwest Qantas Platinum MasterCard. Qantas Points, including any bonus points on your Qantas Gold or Qantas Classic MasterCard, will only be transferred to your Qantas Frequent Flyer Account at the end of the 2 month period from account opening and once you have spent at least $1,500 on eligible purchases.

One Bankwest Qantas MasterCard account per customer.

We reserve at all times the right to apply your payments to any amounts debited to your Card Account in any order permitted by law. Usually, payments are applied as follows:

for Old Payment Order Accounts, payments are first applied to the amounts which attract the lowest annual percentage rate and then in ascending order up to the amounts which attract the highest annual percentage rate;
for New Payment Order Accounts payments are first applied to the last statement’s closing balance starting with transactions which attract the highest annual percentage rate as at the statement date and then in descending order down to the amounts which attract the lowest annual percentage rate, until the closing balance is paid in full. Payments are then applied to repayable amounts from the current statement period. New Payment Order Accounts are all Card Accounts opened after 1 July 12 and any other Card Account which you request be nominated as a New Payment Order Account after 1 July 12. Old Payment Order Accounts are all other Card Accounts.

User reviews

4.9 out of 5.0 based on 1 review100% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

A great product with perfect service

Reviewed and recommended by Bek_em on 20 Sep 2016

There are no hidden fees and it’s a great product. Bankwest are great to deal with and the customer service is perfect.

Qantas points have accumulated steadily and they offer a wide range of products available to redeem points. Items are sent and received quickly.

The interest rate is competitive and low enough to maintain, as the card is only used occasionally.

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
World
Card type
MasterCard
Card use
Personal
Credit rating
N/A
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
Qantas Frequent Flyer
Temporary residents
Yes

Cardholders

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

Credit limits

Minimum credit limit
$12,000
Maximum credit limit
$25,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 44 days on purchases
Minimum repayment
2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers2.99 % p.a.9 months0%95% of credit limit20.49% 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
95% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the Bankwest Qantas World MasterCard at the promotional balance transfer rate from:

  • Aussie
  • Bankwest
  • Commonwealth Bank

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers2.99 % p.a.9 months0%95% of credit limit 20.49% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.83% 21.99% p.a.
Purchases 1.71% 20.49% p.a.

Fees

Annual fee
$270 p.a.
Cash advance fee
2%
Dishonour fee
$10
Duplicate statement fee
$7.50
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
$12

Rewards & points

Cool stuff you can get with your points

Disclaimer: Does not include taxes, fees, or charges. Accurate as of 25th January 2016.

Rewards program basics

First purchase bonus
N/A
Reward points expiry
No expiry as long as you keep your account active (earn or redeem points within a 18 month period)
Rewards program
Qantas Frequent Flyer
Sign up bonus
N/A
Spend required for bonus points
N/A

Earning points with this card

Frequent flyer points
0.66 pts per $1 spent^
Overseas earn rate
Same as standard earn rate
Points cap per month
N/A
Points cap per year
unlimited
Points earned on ATO payments
N/A
Reward points
0.66 pts per $1 spent

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
Yes

Benefits

This card comes with benefits worth an estimated $1,359

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
Waived Qantas Frequent Flyer joining fee
Valuation based on $89.50 Qantas Frequent Flyer joining fee spread over 5 years.
$18
Total estimated value$1,359
Annual fee$270
Net customer value$1,089
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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