Bankwest Qantas Platinum Mastercard

Last updated: Oct 8, 2020

Earn up to 30,000 bonus Qantas Points with a new Bankwest Qantas Platinum Mastercard.

The Bankwest Qantas Platinum Mastercard gives you a way to earn Qantas Points on your everyday credit card spending. It also offers 20,000 bonus Qantas Points when you spend $3,000 in the first 3 months from card approval, and a bonus 10,000 points if you keep your account open for at least 15 months. While Bankwest has not listed an end date, this promotion is only available for a limited time.

2.99% p.a.

Balance transfer rate

for 9 months

30,000

Bonus points

20.49% p.a.

Purchase rate

0.75

Reward points

Per $ spent

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Details

Product Name	Bankwest Qantas Platinum Mastercard
Rewards program	Qantas Frequent Flyer
Balance transfer rate	2.99% p.a. for 9 months
Balance transfer revert rate	Balance Transfer Revert Rate (20.49%)
Balance transfer limit	95% of available limit
Purchase rate	20.49% p.a.
Annual fee	$160
Interest-free period	Up to 44 days on purchases
Cash advance rate	21.99% p.a.
Min credit limit	$3,000
Card type	Mastercard
Foreign currency conversion fee	0%

Available to temporary residents	Yes
Joint application	No

Pros

Up to 30,000 bonus Qantas Points offer
0% foreign transaction fees
Complimentary overseas credit card travel insurance

Cons

Relatively high ongoing annual fee of $160 and purchase rate of 20.49% p.a.
Earn rate per $1 spent is low compared to other Qantas cards

Rewards program	Qantas Frequent Flyer
Bonus points	30,000
Rewards points per $ spent	0.75
Rewards points cap	Uncapped

Annual fee	$160
Minimum monthly repayment	2% of the closing balance or $20, whichever is greater
Late payment fee	$25
Foreign currency conversion fee	0%
Cash advance fee	2% or $4, whichever is greater
Overseas cash advance fee	2% or $4, whichever is greater
Overseas ATM withdrawal fee	$0
Additional cardholder fee	$0
Number of additional cardholders	3

Expert review

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Bankwest Qantas Platinum Mastercard rewards your eligible spending with 0.75 Qantas Points per $1 spent up to $2,500 per month. After that, you'll earn 0.3 per $1 spent, uncapped. It also offers up to 30,000 bonus points to new cardholders. Both the earn rates and bonus points are not the most competitive options on the market, but most cards that offer more Qantas Points also charge higher annual fees.

The Bankwest Qantas Platinum also offers you no foreign transaction fees for online and overseas purchases, as well as complimentary overseas travel insurance.

How to apply

You can apply for the Bankwest Qantas Platinum Mastercard online in around 10 minutes and receive a response instantly. Before you get started, make sure you meet the eligibility requirements and have the necessary information ready to complete the application.

Eligibility criteria

Eligible balance transfer. If you plan to take advantage of the balance transfer offer, you can transfer from $500 up to 95% of your credit limit from cards not issued by Bankwest.
Residency. You must be a permanent Australian resident or citizen in order to apply online.

Age. You must be at least 18 years old.

Required documents

Personal information. You'll need to list your full name and will be asked to provide your contact details including your residential address, email address and a phone number.
Proof of identification. You'll need to provide two forms of identification. This could include your Australian driver's licence, Medicare card or passport.
Employment. This includes your length of employment and your employer's contact details.
Finances. You'll be asked to include details regarding your income, expenses and assets.
Frequent flyer number. If you're already a Qantas Frequent Flyer, you'll need to include your frequent flyer number so your points can be credited to your account.
Balance transfer details. If you're conducting a balance transfer, you'll need to provide information about the debt(s) including how much you're transferring and where from.

Card benefits

Up to 30,000 bonus Qantas Points. Earn 20,000 bonus Qantas Points when you spend $3,000 on eligible purchases within the first 3 months. If you keep your account open for 15 months, you will receive an additional 10,000 Qantas Points. To give you an idea of the potential value of these bonus points, you could use them to redeem a return economy flight between Sydney and Adelaide (24,000 Qantas Points) or $125 worth of Woolworths digital gift cards (24,750 points for one $100 gift card and one $25 gift card). Note that this offer is only available to new Bankwest Qantas Platinum Mastercard customers. To be eligible, you need to apply during the promotional period. Your account must also remain open for the bonus points to be transferred.
Qantas Points per $1 spent. You'll earn 0.75 Qantas Points per $1 spent on eligible purchases, up to $2,500 per month and 0.3 points per $1 spent thereafter. Please note that you won't earn points on balance transfers. If you're not already a Qantas Frequent Flyer, the $99.50 membership fee is waived if you join while applying for this card.

0% foreign transaction fee. You can shop online or overseas and save with no foreign transaction fees. Cash advance fees will still apply if you use the card for overseas ATM withdrawals or cash-equivalent transactions.
Complimentary overseas travel insurance. As of 9 December 2019, the Bankwest Qantas Platinum card offers complimentary overseas travel insurance for up to 31 consecutive days through Cover-More. All you have to do to get the insurance is have the card open while you're travelling. If you meet the eligibility requirements, you'll be covered for overseas emergency medical & hospital expenses, baggage & personal goods, personal liability and accidental death with the option to upgrade for additional protection.
Purchase covers. Complimentary purchase security cover provides protection from loss, theft or accidental damage of your purchases made anywhere in the world for 3 months from the date of purchase, for up to $125,000 a year. The extended warranty cover adds 12 months to any Australian manufacturer's warranty that comes with your goods. The purchase price guarantee scheme allows you to claim the difference on a purchased item if you find it available at a lower price (at least $75) within three weeks of the transaction.
Mobile wallet and contactless payments. You can link this card to Google Pay, Samsung Pay and Apple Pay, available on compatible Android, Samsung and Apple 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 $15, is secure, waterproof and doesn't require an app or charging.
Balance transfer offer. This card offers 2.99% p.a. on balance transfers for the first 9 months. Any unpaid balance left at the end of the introductory period will revert to the standard rate of 20.49% p.a.

Rates & fees

Annual fee. This card attracts an annual fee of $160.
Purchase rate. This card has a standard purchase interest rate of 20.49% p.a.

Cash advance fee and rates. If you use the Bankwest Qantas Platinum Mastercard to withdraw cash or for any other cash advance transactions, you will have to pay a fee of 2% of transaction amount or $4 (whichever is greater). These transactions will immediately attract interest at the cash advance rate of 21.99% p.a.
Interest-free days. If you pay your closing balance, excluding any balance transfers, in full by the statement due date, you can take advantage of up to 44 interest-free days on purchases.
Minimum credit limit. The credit limit on this card starts at $3,000.
Additional cards. You are allowed up to 3 additional cardholders under one account. There is a $0 annual fee for supplementary cards.

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161 Comments

John
September 27, 2019

Hi,

Will I receive Qantas FF points when paying utilities such as electricity, water, gas, council rates and Foxtel with my Qantas platinum credit card?

Cheers,
John

finder Customer Care

Jeni
September 28, 2019

Hi John,

Thank you for getting in touch with Finder.

You may earn QFF points on paying utilities with your Bankwest Qantas Platinum Mastercard so long that you’re not processing the payment via BPay. BPAY payments like bill payments and other payments made through the BPAY are exmpeted to earn Qantas Frequent Flyer points.

I hope this helps.

Thank you and have a wonderful day!

Cheers,
Jeni

james
March 15, 2018

When buying a return overs airline tick, can the costs of the required minimum of $500 using the bankwest qantas platinum card be shared using another non bank west card?

Nikki
March 22, 2018

Hi James!

Thanks for your message.

Since the minimum cost is under the terms and conditions of Bankwest Qantas Platinum card, the cost cannot be shared by a non-Bankwest card.

Hope this helps!

Best regards,

Nikki

Declan
March 14, 2018

Hi
With regards to the Qantas platinum rewards card do you receive bonus points as a new customer??

finder Customer Care

Jeni
March 14, 2018

Hi Declan,

Thanks for getting in touch with finder.
No you don’t receive bonus points as a new customer but you receive points on every dollar ($) spent using your Qantas Platinum card. If you have a Bankwest Qantas Platinum Mastercard, you can earn up to 200,000 reward points which is the maximum number of points that can be accumulated per year.

In addition, if you are interested to take advantage of Qantas Frequent Flyer Credit Card Offer where you can get 100,000 bonus Qantas points when you spend $4,000 on everyday purchases within the first 60 days of account opening. This offer ends on 17 June 2018.

Please see link for your reference https://www.finder.com.au/credit-cards/qantas-frequent-flyer-credit-cards

I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!

Cheers,
Jeni

Patrick
February 7, 2017

Hi, re overseas transactions I presume the rate of the day as per Mastercard Conversion calculator is used to convert to Aust $

Regards

Pat Sengos

finder Customer Care

Dee
February 8, 2017

Hi Patrick,

Thanks for your question.

Yes, as for Bankwest Qantas Platinum MasterCard, since it has the Mastercard logo, it uses the daily conversion rate per Mastercard Conversion Calculator.

Cheers,
Anndy

Tarmi
December 13, 2016

I have a new Bankwest Qantas Platinum MasterCard. I am interested in the travel insurance in particular for the excess cover when hiring a vehicle. Can you please confirm that this insurance policy covers me not just when I am overseas but whilst I am travelling within Australia.

Regards

finder Customer Care

May
December 13, 2016

Hi Tarmi,

Thank you for your question.

Under the “Rental Vehicle Insurance excess” section of the PDS, it says: Allianz Global Assistance will reimburse you for any insurance excess or deductible which you become legally liable to pay in respect of a claim under the rental vehicle insurance during the rental period provided:

1. the rental vehicle must be rented overseas from a licensed rental agency; and
2. as part of the rental agreement you have taken rental vehicle insurance; and
3. you have complied with all requirements of the rental organisation under the hiring agreement and of the rental vehicle insurer.

Given that condition, the rental vehicle insurance excess does not cover your trip within Australia.

Cheers,
May

daniel
August 22, 2016

Hi,
I am an existing Bankwest customer, if i apply for the Qantas platinum MasterCard will i receive the 50,000 points on eligible purchases?

Cheers

finder Customer Care

May
August 22, 2016

Hi Daniel,

Thank you for your question.

The 50,000 bonus Qantas Points promotion is only available for new Bankwest Qantas MasterCard customers who apply for a Bankwest Qantas Platinum MasterCard credit card between 01 August and 30 September 2016, are approved and spend at least $2,500 on eligible purchases within 3 months from account opening.

Cheers,
May

Debbie
August 11, 2016

What is the minimum spend and what is the time frame that this minimum spend needs to be achieved in?

finder Customer Care

May
August 11, 2016

Hi Debbie,

Thank you for your question.

You will receive the 50,000 bonus Qantas Points if you apply for the card between 01 August and 30 September 2016, are approved and spend at least $2,500 on eligible purchases within 3 months from account opening.

Cheers,
May

Roy
June 3, 2016

How can Bankwest give clients a card with 55 days free and 0.75 points per dollar spent take your money for the yearly subscription and after a few months change to 44 days free and 0.5 points? I signed and paid for one year at the higher rewards and now want my yearly money back as have not received what I paid for.

finder Customer Care

May
June 7, 2016

Hi Roy,

Thanks for your comment.

Unfortunately, Bankwest is one of the credit card issuers who made changes to their reward programs in 2016, which I understand have resulted in less value for cardholders. Actually, more banks will also make updates to their rewards cards in the coming days.

With Bankwest, their Qantas Platinum MasterCard and Qantas World MasterCard were affected by these changes. Effective 4 July 2016, the rewards system and the interest-free days will be:

Qantas Platinum MasterCard

Reduced earn rate from 0.75 points to 0.5 points per $1.
Interest-free days are cut from 55 days to 44 days.

Qantas World MasterCard

Reduced earn rate from 1 point to 0.66 points per $1.
Interest-free days are cut from 55 days to 44 days.

You may want to read more information about credit card reward program changes.

By the way, in case you’d like to enquire if you can get back what you have paid for the annual fee, a customer service from Bankwest could give you the best advice. I’ve sent their contact details to your email.

Cheers,
May

Sandra
March 29, 2016

Hi there, are the cash advance fee and cash advance rate also charged if the card account has a positive balance, ie if money is deposited onto the card to take it into ‘credit’?

finder Customer Care

Debbie
April 5, 2016

Hi Sandra,

Thanks for your inquiry.

The fees for cash advance and interest rates may still be charged when you do cash advance on your credit card though with a positive balance. Normally, a positive balance on a credit card could cover future purchases, or the credit card provider will send you a check or make a deposit into your bank account.

You may find a useful reference to understanding what cash advance interest rates areand alternatives to cash advances.

I hope this helps.

Cheers,
Debbie

marc
February 20, 2016

can you please advise if the bankwest platinum master card allow payments to bpay and the ATO and receives points for theses transactions

finder Customer Care

Jonathan
February 22, 2016

Hi Marc,

Thanks for your inquiry!

Credit card payments to BPAY are accepted with this credit card, although ATO payments do not qualify for rewards points. To earn points on your payments to the ATO, you may compare credit cards that earn points for ATO payments and know the points per $1 spent for government charges.

Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

Cheers,

Jonathan

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