Bankwest Qantas World Mastercard Review

Earn uncapped Qantas Points on eligible purchases and enjoy 0% foreign transaction fees on online and overseas purchases.

This premium Bankwest rewards credit card offers value through a range of competitive features and benefits, including Qantas Points for everyday spending and complimentary insurance.

New customers can also take advantage of an introductory balance transfer rate of 2.99% p.a. for the first 9 months (reverts to a standard balance transfer rate of 20.49% p.a.).

Product NameBankwest Qantas World 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.)
Purchase rate (p.a.)20.49% p.a.
Annual fee$270 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
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
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.
0% of transaction value
Complimentary Travel InsuranceYes
Minimum Age18 years of age
Available To Temporary ResidentsYes
Joint ApplicationNo
Annual fee$270 p.a.
Minimum Monthly Repayment2% or $20, whichever is greater
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
Cash Advance Fee2% of transaction amount or $4 (whichever is greater)
Overseas ATM Withdrawal Fee$0
Additional Cardholder Fee$0
Number of Additional Cardholders3

Pros

  • You'll earn 0.66 Qantas Points for every $1 you spend on eligible purchases, with uncapped reward point earning potential.
  • This card comes with a balance transfer offer of 2.99% p.a. for 9 months.
  • You can request up to 3 additional cardholders at no extra cost.
  • Pay 0% foreign transaction fees on online and overseas purchases.
  • Enjoy a range of complimentary insurance and purchase protection benefits.

Cons

  • This card comes with a high annual fee of $270.
  • You only get up to 44 interest-free days on purchases as compared to other cards with up to 55 interest-free days.
Rewards ProgramQantas Frequent Flyer
Rewards Points per $ spent (VISA/MC)0.66
Rewards Points per $ (VISA/MC) CapUncapped

Benefits of the Bankwest Qantas World Mastercard

  • 2.99% p.a. on balance transfers. Enjoy a low introductory rate of 2.99% p.a. for the first 9 months on balance transfers. After the introductory period, any remaining balance will attract interest at the standard rate, currently 20.49% p.a.
  • Earn Qantas Points for everyday spending. This card offers 0.66 Qantas Points per $1 spent on eligible purchases, with no points cap.
  • Complimentary credit card travel insurance. This card offers complimentary international travel insurance and interstate flight inconvenience insurance to cover any relevant medical costs or cancelled flights on overseas trip.
  • Purchase insurances. This card offers purchase security insurance to help cover the cost of theft, loss or accidental damage for eligible items bought with the card. It also offers price guarantee insurance to ensure you get the lowest price for purchases made with your card, and extended warranty insurance for eligible items that come with an Australian manufacturer’s warranty.
  • 0% foreign transaction fees on overseas and online purchases. You can use the Bankwest Qantas World Mastercard for foreign currency transactions online and overseas and you won't be charged a foreign transaction fee.
  • 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.

Features of the Bankwest Qantas World Mastercard

  • Annual fee. This card has an annual fee of $270.
  • Interest rates. The Bankwest Qantas World Mastercard has a standard purchase rate of 20.49% p.a. and a cash advance rate of 21.99% p.a.
  • Interest-free days. If you pay the closing balance, including any cash advances and balances, you can get up to 44 days interest-free on purchases with this card.
  • Cash advance fee. This card charges the 2% of transaction amount or $4 (whichever is greater) for cash advance transactions.
  • Additional cardholders. You can request up to 3 additional cardholders at no extra charge. This allows you to maximise rewards by sharing the account with a partner or family member, although you’ll 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.

How to apply for the Bankwest Qantas World Mastercard

You can apply for the Bankwest Qantas World Mastercard online in a few minutes. Before you apply, make sure you meet the eligibility criteria and have all your supporting documentation handy.

Eligibility criteria

  • 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.
  • Credit history. You’ll need to have a good credit history to receive approval.

Required documents

  • Personal details. This includes your full name, date of birth, residential address, email address and phone number.
  • Identification. Bankwest requires you to provide at least two forms of the following identification documents: 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. You’re required to provide details of any other sources of income, assets, and regular expenses such as existing loans and household bills.

The Bankwest Qantas World Mastercard enables you to earn Qantas Points for your everyday spending and provides a range of other premium perks. These features could be offset by costs of this card, such as the interest rates and annual fee, though. So make sure you weigh up these details and compare other Qantas credit cards and frequent flyer products to help you find an option that’s right for your circumstances and needs.

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4 Responses

  1. Default Gravatar
    CatherineApril 18, 2018

    What would be the minimum income requirement be for the Bankwest Qantas World MasterCard be?

    • finder Customer Care
      MayApril 18, 2018Staff

      Hi Catherine,

      Thanks fo your inquiry. I’m afraid that Bankwest has not disclosed their income requirements for this card, though you can contact the bank to confirm. Please note though that banks vary in terms of setting their eligibility requirements depending on the type of credit card.

      Cheers,
      May

  2. Default Gravatar
    KateMarch 12, 2015

    I have been a customer of bank west for a few years.. although do not have a credit card with you

    I am interested in the black Qantas world card but read it is by invite only…

    How do I get invited?

    • finder Customer Care
      JonathanMarch 12, 2015Staff

      Hi Kate, thanks for your inquiry!

      Unfortunately since this program is an invite-only the criteria which Bankwest undertake to select members has not been disclosed. It would be best to contact Bankwest directly in regards to this inquiry and make a formal request to join this program.

      I hope this helps.

      Cheers,

      Jonathan

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Rates last updated November 19th, 2018
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