Bankwest Qantas MasterCard – Rates and Fees

Information verified correct on December 8th, 2016
Bankwest Qantas MasterCard Find out more Go to site

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The Bankwest Qantas MasterCard lets you earn Qantas Points and enjoy interest-free days with a classic credit card designed for everyday use.

Earn Qantas Points for every $1 you spend on eligible purchases with the Bankwest Qantas MasterCard. This card also features a lower credit limit of which may suit cardholders who are managing their expenses on a monthly basis.

Bankwest offers a platinum version of the Bankwest Qantas MasterCard which allows you to earn rewards points per $1 spent.

Product NameBankwest Qantas MasterCard
Rewards ProgramQantas Frequent Flyer
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 (20.49% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)20.49% p.a.
Annual fee$100 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.
$1,000
Minimum Monthly Repayment2% of the closing balance or $20.00
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.
2.95% of transaction value
Complimentary Travel InsuranceNo
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.
$1,000
Annual Fee$100 p.a.
Minimum Repayment2% of the closing balance or $20.00
Late Payment Fee$25
Over Limit Fee$0
Cash Advance FeeGreater of 2% or $4.00
Overseas Cash Advance FeeGreater of 2% or $4.00
Overseas Emergency Replacement$0
Overseas ATM Withdrawal Fee$0
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.
2.95% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$0 p.a.
Number of Additional Cardholders3
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Cons

  • There is a relatively high annual fee of $100.
  • You only get 0.5 Qantas Frequent Flyer Point per $1 spent, which is considerably lower than other rewards packages.
Overall
Maximise your Qantas Points balance and let your spending reward you with 0.5 Qantas Points for every dollar you spend.
Rewards ProgramQantas Frequent Flyer
Rewards Points per $ (VISA/MC)0.5
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) Cap50,000
Rewards Points per $ (AMEX) CapN/A
Points Expiry36 months

Bankwest Qantas MasterCard review

The Bankwest Qantas MasterCard offers cardholders with a classic card that earns 0.5 Qantas Point for every $1 spent on eligible purchases. This card offer also provides savings on interest costs with a low balance transfer interest rate for the first 9 months and interest-free days on purchases.

Benefits of Bankwest Qantas MasterCard

  • Complimentary Qantas Frequent Flyer membership. Save $89.50 if you are a new member to the Qantas Frequent Flyer program. All you need to do is apply for a Bankwest Qantas MasterCard and your new Qantas Frequent Flyer membership number will be sent instantly to your email upon completing the online application.
  • Rewards. Receive Qantas Points on everyday transactions, with an earn rate of 0.5 Qantas Point for every $1 spent on eligible purchases. Points earned will automatically go into your Qantas Frequent Flyer account, which you can use to redeem flight rewards with Qantas and its partners as well as products from the Qantas store.
  • Interest-free days. Enjoy paying no interest on your purchases for up to 44 days when you pay your previous balance in full.
  • Balance transfers offer. Consolidate your debts with a low, introductory balance transfer rate of 2.99% p.a. for 9 months. This low rate will revert to 20.49% p.a. after the promotional period has ended.

Bankwest Qantas MasterCard features

Here are some of the other features you should consider when comparing the Bankwest Qantas MasterCard:

  • Interest rate. For your purchases made with the Bankwest Qantas MasterCard from Bankwest, you will be charged a 20.49% p.a. interest rate.
  • Cash advances. The cash withdrawn from an ATM or banking institution using the card will be subjected to a 21.99% p.a. rate.
  • Rewards program. You can earn up to 50,000 Qantas Points annually. In addition, you will need to be a member of the Qantas Frequent Flyer program to earn and redeem your points. If you aren’t already a Qantas Frequent Flyer member, new Bankwest Qantas MasterCard holders are eligible to receive a complimentary Qantas Frequent Flyer membership.
  • Annual fee. Your account will be charged $100 each year to be active.
  • Credit limit. The minimum credit limit afforded with this card is $1,000.
  • Foreign transaction fees. If you use this card overseas, you'll be charged a 2.95% foreign transaction fee.
  • Eligible for Android Pay. The Android Pay feature allows Bankwest cardholders to tap and go at the checkout with their Android device.

How to apply for the Bankwest Qantas MasterCard

Before considering applying for this credit card, make sure that you meet the eligibility requirements.

Eligibility criteria

  • You will have to be at least 18 years of age to apply for this credit card.
  • Only applications from Australian permanent residents will be reviewed.
  • You must read and accept the Bankwest privacy and consent forms. This will allow Bankwest to verify your credit history as well as your identity through electronic means.
  • You will also be asked to supply an email address for a Bankwest representative to contact you at.

If you agree to these terms, proceed to the application by clicking ‘Go to site’. Have the following documentation handy for quick reference.

Required documents

  • You will need your Australian driver’s license along with either a passport, Medicare card or Australian birth certificate. If a driver’s license is not available, any combination of two of the other IDs mentioned will be accepted.
  • You’ll require the details of your current employment, including contact information.
  • You need to provide complete disclosure of your income along with a list of your expenses and assets.

If you like to earn rewards with purchases, then this could be a card to consider. Take note that there are not many extra features when you compare those of this card with others.

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2 Responses to Bankwest Qantas MasterCard – Rates and Fees

  1. Default Gravatar
    saurin | April 24, 2013

    Hi
    I have recently refinanced my home loan through bankwest
    1) If i apply for Qantas frequent flyer card and add a additional card for my wife do i get charges $80 annually or $160 for 2 cards
    2)Do you have any special for account holder for these cards

    regards

    Saurin

    • Staff
      Jacob | April 24, 2013

      HI Saurin. Thanks for your question. There is no charge for adding an additional cardholder to this account. You can have up to three additional cardholders on this account. I’m not sure I understand your second question, can you please rephrase this question. Jacob.

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Rates last updated December 8th, 2016
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