Bankwest More World MasterCard Review

Information verified correct on February 27th, 2017
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Enjoy two complimentary airport lounge visits per year, complimentary credit card travel insurance and a wide range of other perks with a new Bankwest More World MasterCard.

The Bankwest More World MasterCard is a premium card that provides a range of ongoing rewards and benefits for everyday spending.

If you are looking to consolidate debts from other bank credit cards, this card also provides a balance transfer offer of 2.99% p.a. for the first 9 months.

Product NameBankwest More World MasterCard
Rewards ProgramBankwest More Rewards Program
Balance transfer rate (p.a.)2.99% p.a. for 9 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Standard Balance Transfer Revert Rate (19.99% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)19.99% p.a.
Annual fee$240 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 44 days on purchases
Cash advance rate (p.a.)21.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$12,000
Minimum Monthly Repayment2% or $20, whichever is greater
Card TypeMasterCard
Late Payment Fee$25
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover12 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$12,000
Annual Fee$240 p.a.
Minimum Repayment2% or $20, whichever is greater
Late Payment Fee$25
Over Limit Fee$30
Cash Advance Feegreater of 2% or $4.00
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
0% of transaction value
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders3

Pros

  • Pay no foreign transaction fees on online or overseas purchases.
  • Benefit from a low introductory rate of 2.99% p.a. for 9 months on balance transfers.
  • Earn 2.5 Reward Points per dollar spent on eligible purchases, with uncapped earnings potential.
  • Enjoy two complimentary airport lounge access per year.
  • You can add up to 3 extra cardholders for free.

Cons

  • There is only up to 44 days interest free when you make a purchase on your card.
Rewards ProgramBankwest More Rewards Program
Rewards Points per $ (VISA/MC)2.5
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapUncapped
Points Expiry36 months

Bankwest More World MasterCard review

This top-tier credit card is designed to provide value through a range of premium and competitive features. It offers 2.5 points per $1 spent on eligible purchases and has no points cap. When you have earned enough points, you can redeem them for a wide range of rewards including flights, gift cards, merchandise and experiences.

As well as rewards, cardholders can enjoy two complimentary airport lounge visits per year, complimentary insurance covers, a concierge service and no foreign transaction fees on overseas and online purchases. The Bankwest More World MasterCard has a standard variable purchase rate of 19.99% p.a. and a standard annual fee of $240.

Benefits of the Bankwest More World MasterCard

  • No foreign transaction fees on overseas and online purchases. While most credit cards charge a fee of 2-4% for transactions made in a foreign currency, the Bankwest More World MasterCard waives this cost.
  • Balance transfer rate. This card has an introductory balance transfer rate of 2.99% p.a. for the first 9 months. Any outstanding balance remaining after the introductory period will be charged interest at the standard balance transfer rate, currently 19.99% p.a. (variable).
  • Bankwest More Rewards. This card earns 2.5 points per $1 spent on eligible purchases, has no points cap and boasts a wide range of redemption options through the Bankwest More Rewards program.
  • Complimentary airport lounge visits. The Bankwest More World MasterCard offers two complimentary airport lounge visits per year through Priority Pass. To take advantage of this perk, you must enrol at prioritypass.com/MoreWORLD. Once you enrol you will have access to more than 950 participating airport lounges worldwide.
  • Complimentary credit card travel insurance. This card comes with complimentary international travel insurance and interstate flight inconvenience insurance to give you peace of mind when you travel.
  • Complimentary purchase insurance options. The Bankwest More World MasterCard provides purchase protection insurance to help protect eligible items against theft or damage, price guarantee insurance to get the lowest price on your purchases, and extended warranty coverage for eligible purchases with an Australian manufacturer’s warranty.
  • Concierge service. Access your own 24/7 personal assistant that can help you book hotels, travel or events, both locally and overseas.

Features of the Bankwest More World Mastercard

  • Annual fee. The Bankwest More World MasterCard has an annual fee of $240.
  • Interest rates. This card charges a standard variable purchase rate of 19.99% p.a. and a cash advance rate of 21.99% p.a.
  • Interest-free days. Cardholders can take advantage of up to 44 days interest-free if you pay your account balance in full by the due date on each statement.
  • Cash advance fee. This card charges the greater of greater of 2% or $4.00.
  • Additional cardholders. You can request up to 3 additional cardholders at no extra cost. This allows you to share your account with a partner of family members to help earn more rewards. Note that you will still be responsible for keeping the account in good standing.
  • Mobile banking. You can check your balance, set up alerts and get payment reminders through the Bankwest mobile banking app.
  • Contactless payments. This card allows “tap-and-go” payments through the MasterCard contactless network and is also compatible with Android Pay mobile payments.

How to apply for the Bankwest More World MasterCard

Applying for the Bankwest More World MasterCard is simple and can be done online in minutes. Before you start, make sure you meet the eligibility requirements and have all your supporting documents on hand.

Eligibility requirements

  • Age. You must be at least 18 years of age.
  • Residency. You must be a permanent Australian resident with a valid address. You must be able to prove your residency in order to be eligible for this credit card.

Required documents

  • Personal details. You’ll need to provide personal details including your full name, residential address, email address and phone number.
  • Identification. You’re required to provide at least two forms of identification, such as your driver's licence, Medicare details, passport or Australian Birth Certificate.
  • Employment details. This includes your employer’s name and contact details, the length of employment and your salary.
  • Financial details. This includes details of any other sources of income, assets, and regular expenses such as existing loans and household bills.

The Bankwest More World MasterCard is a high-end product that offers competitive rewards and benefits, with a standard annual fee of $240. As there are many other rewards cards in the market, make sure you compare a range of options before choosing a card that’s right for you.

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2 Responses to Bankwest More World MasterCard Review

  1. Default Gravatar
    Daniel | January 9, 2017

    do you pay annual fee at beginning or end of the year, is the bonus 80,000 include current bankwest clients, i am considering changing credit cards, currently have bankwest platinum but if i can swap with this offer then wont leave bankwest for better card will apply for this one. thanks

    • Staff
      Anndy | January 9, 2017

      Hi Daniel,

      Thanks for your questions.

      The annual fee is normally charged upon account activation and is payable by the first credit card bill.

      The 80,000 introductory bonus offer is only available to new Bankwest More MasterCard customers, subject to other eligibility criteria. You are not eligible for this offer if:
      (1) you are upgrading or changing your existing Bankwest credit card to a Bankwest World MasterCard
      (2) you already have a Bankwest More MasterCard credit card

      I hope this helps.

      Cheers,
      Anndy

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