Bankwest Qantas Mastercard – Rates and Fees

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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 0.5 Qantas Points for every $1 you spend on eligible purchases with the Bankwest Qantas Mastercard. With a low promotional balance transfer rate and interest-free days, you can save on standard interest costs with this card. This card also features a lower credit limit of $1,000 to help keep your spending in control

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
Card TypeMastercard
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
Minimum Age18 years of age
Available To Temporary ResidentsYes
Joint ApplicationNo
Annual fee$100 p.a.
Minimum Monthly Repayment2% of the closing balance or $20.00
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
Cash Advance FeeGreater of 2% or $4.00
Overseas Cash Advance FeeGreater of 2% or $4.00
Overseas ATM Withdrawal Fee$0
Gambling Transactions AllowedNo
Additional Cardholder Fee$0
Number of Additional Cardholders3

Pros

  • Enjoy Bankwest's offer of 2.99% p.a. for 9 months on balance transfers.
  • Waived fee of $89.50 if you apply for a new membership on Qantas Frequent Flyer program.

Cons

  • There is a relatively a high annual fee of $100.
  • You only get 0.5 Qantas Frequent Flyer Points per $1 spent, which is considerably lower than other rewards packages.
  • This card comes with a short duration of 44 days interest free on purchases, as opposed to most cards with 55 days.
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 $ spent (VISA/MC)0.5
Rewards Points per $ (VISA/MC) Cap50,000

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 Points 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 use your Qantas Mastercard. You must pay the closing balance, including any cash advances and balances, to qualify for interest-free days.
  • 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.
  • Technological Extras. This card can be linked to Google Pay, available on compatible Android devices. You can also purchase a Bankwest Halo payment ring and use it to tap and go at any contactless payment terminal. Available in black or white, the ring costs $39, is secure, waterproof and doesn't require an app or charging.

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 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. You'll need to join the Qantas program through the Bankwest website and send Bankwest your new Qantas Frequent Flyer membership number before you can start earning points.
  • 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.

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

  1. Default Gravatar
    saurinApril 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

    • finder Customer Care
      JacobApril 24, 2013Staff

      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.

Credit Cards Comparison

Rates last updated September 20th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. for 14 months balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.
Westpac Altitude Platinum Card - Qantas
20.24% p.a.
$50 p.a. annual fee for the first year ($200 p.a. thereafter)
Earn 60,000 bonus Qantas Points when you spend $3,000 within 90 days of card approval. Plus, a $50 first year annual fee.
St.George Vertigo Visa
13.74% p.a.
0% p.a. for 16 months
$55 p.a.
Get 0% p.a. interest for up to 16 months on balance transfers with no BT fee. Plus, a competitively low annual fee and purchase rate.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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