Bankwest Qantas World MasterCard Review

Information verified correct on December 11th, 2016

Earn uncapped Qantas Points for your everyday purchases and enjoy a bonus 50,000 Qantas Points when you meet spending requirements with the Bankwest Qantas World MasterCard.

This premium Bankwest rewards credit card offers value through a range of competitive features and benefits, including Qantas Points for everyday spending, complimentary insurance and a 24/7 concierge service.

Apply for the Bankwest Qantas World MasterCard by 16 January 2017 and you can enjoy a bonus 50,000 Qantas Points when you spend $2,500 within the first 3 months of account opening. You can also take advantage of an introductory balance transfer rate of 2.99% p.a. for the first 9 months. These offers are only available for new customers who apply by 16 January 2017.

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.
Offer end date16 January 2017
Annual fee$270 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.
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
Complimentary Travel Insurance Cover12 months
Available To Temporary ResidentsNo
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
Annual Fee$270 p.a.
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

  • Receive 50,000 bonus points when you spend $2,500 within the first 3 months of opening your account.
  • You'll also earn 0.66 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 no foreign transaction fees on online and overseas purchases.
  • Enjoy access to a 24/7 personal concierge service and 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
Bonus Points on Sign-up50,000
Rewards Points per $ (VISA/MC)0.66
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapUncapped
Points ExpiryNever

Bankwest Qantas World MasterCard review

The Bankwest Qantas World MasterCard is a high-end frequent flyer credit card that earns 0.66 Qantas Points per $1 spent on eligible purchases. There is no cap on the number of points you can earn per year.

As well as rewards, cardholders can enjoy an introductory 2.99% p.a. on balance transfers for the first 9 months (reverts to a standard variable balance transfer rate of 20.49% p.a.), complimentary insurance covers, a concierge service and no foreign transaction fees on overseas and online purchases. In terms of card costs, the Bankwest Qantas World MasterCard has a standard variable purchase rate of 20.49% p.a. and a standard annual fee of $270.

Benefits of the Bankwest Qantas World MasterCard

  • Bonus points offer. Get 50,000 Bonus Qantas Points when you apply for this card by 16 January 2017, are approved and spend $2,500 within the first 3 months of account opening.
  • 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 variable 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.
  • Concierge service. Get access to your own 24/7 personal assistant to help you book hotels, travel or events both locally and overseas.
  • No 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.
  • Contactless payments. This card allows you to “tap-and-go” at the checkout without entering a PIN for purchases under $100. It’s also compatible with Android Pay, which allows you to make payments from your compatible mobile phone or tablet.

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 variable purchase rate of 20.49% p.a. and a cash advance rate of 21.99% p.a. (variable).
  • Interest-free days. If you pay your balance in full by the due date on each statement, you can get up to 44 days interest-free with this card.
  • Cash advance fee. This card charges the greater of 2% or $4.00 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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2 Responses to Bankwest Qantas World MasterCard Review

  1. Default Gravatar
    Kate | March 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?

    • Staff
      Jonathan | March 12, 2015

      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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