Bankwest Qantas Mastercard

What do you want this card for?
Save money
Earn points
My monthly spend: 
$5,000
 
Offer
Card features
Rewards program
Earn rate
Sign up bonus
Points earned
Bankwest Qantas Mastercard
Earn up to 0.5 pts per $1 spent on eligible purchases.
2.99% p.a. on balance transfers for 9 months.
Free worldwide emergency card replacement.
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
0.5 pts
per $1 spent
-

Pros & cons

What's good?

What's not so good?

Earn up to 0.5 pts per $1 spent on eligible purchases.
2.99% p.a. on balance transfers for 9 months.
Worldwide emergency card replacement.
Up to 44 days interest free on purchases.
Up to 3 additional cardholders for free.
Bankwest has organised for new cardholders to have the Qantas Frequent Flyer membership joining fee to be waived, saving you $82.50.
The annual fee of $100 p.a.
No travel insurances.

Our review

Our review of the Bankwest Qantas MastercardReviewed by Yvonne Taylor

Most credit cards earning Qantas Frequent Flyer points assume that the cardholder will also be interested in complimentary insurance policies, covering travel or major purchases, or in most cases both. These 'free’ policies inevitably find their way into the bank’s cost calculations when it comes to setting the annual fee. But Bankwest have taken a completely different approach with their refreshingly straightforward Bankwest Qantas Mastercard. You can earn Qantas points on everyday purchases for a relatively low annual fee because the card is not encumbered with insurance policies you may never use.

$100 p.a. annual fee and 0.5 pts per $1 spent, capped

There’s no point in pretending that 0.5 pts per $1 spent, capped at 50,000 points per year, is a stellar rate. But you will struggle to find a better combination of reasonable annual fee, moderate earning rate and relatively unrestricted capping. Cards with higher earning rates tend to be weighed down with platinum benefits and a consequently prohibitive annual fee. Cards with an annual fee in the $80-$100 range usually have more restrictive capping and may have an even lower points earning rate.

Annual points cap is more manageable than a monthly one

Many cards with points earning caps express the cap in terms of a monthly restriction, for example a cap of 3,000 points per month, beyond which no further points can be earned until the start of the next billing cycle. But an annual cap, like this Bankwest one, allows you to spread the effect of major purchases, or quarterly bills, over the whole year. So not only is the cap higher than comparable cards with a 3,000 points per month cap, it’s also far less limiting.

Qantas Frequent Flyer joining fee waived

If you have previously been deterred by the prospect of paying $89.50 in order to become a Qantas Frequent Flyer, Bankwest have removed this barrier for you. They will pay the joining fee on your behalf.

Lots of Qantas points redemption options

To get the best value from your Qantas points, you’ll want to use them for award flights and seat upgrades with Qantas, Jetstar, and their partner airlines. Long-haul flights and premium seats deliver a particularly good return on points expenditure. However, there are plenty of other options available at the Qantas online store, including:

  • Homewares, electronics, fashion, wine and food, toys and more, from the merchandise catalogue
  • Hotel accommodation and car hire
  • Travel and entertainment experiences
  • Retail gift vouchers
  • Charity donations

Perth Arena discounts

Although Bankwest is based in WA, you don’t need to be a WA resident to have one of its credit cards since they have branches and ATMs in all states and territories, as well as online banking and a mobile app.

But if you do happen to live in Perth, or visit there regularly, you’ll be able to take advantage of a 10% food and beverage discount at Perth Arena, Backstage Lounge access and ticket competitions and giveaways.

Low-interest balance transfer offer

If you need one more benefit to sway your decision, the low interest balance transfer could help you make up your mind. Although it’s not a 0% offer, the prospect of paying only 2.99% p.a. for nine months on the transferred amount, with no upfront transfer fee, could be tempting.

You’ll need to avoid the high revert interest rate of 20.49% p.a. (the ongoing purchases interest rate) by repaying the debt in full before the expiry of the nine-month introductory offer period.

Manageable low credit limit available

Some credit cards have high minimum credit limits, exposing you to more spending temptation than you are comfortable with. But with this card you can opt for a limit as low as $1,000.

Only 44 interest-free days

'Only’ is a relative term in this context, since up to 44 interest-free days on purchases is clearly a great cost-free way to postpone payment. It’s just that it’s not quite as generous as some cards with up to 55 interest-free days on purchases. Those missing 11 days add up to paying 132 days earlier every year.

Remember that you won’t qualify for any interest-free days at all if you have an outstanding purchases balance or balance transfer.

Compare other Qantas Frequent Flyer points cards

Our dedicated Qantas cards comparison page is a great way to evaluate the features of the available QFF cards. Simply go to our 'Features’ section and select 'Qantas’ under 'Earn points’.

When comparing cards, don’t forget to check the points earning rate against the annual fee and any points cap or threshold that applies.

Low-cost way to get started as a QFF points collector

This card’s low annual fee combined with a moderate earning rate, generous points cap (allowing annual card spending of $100,000 before any points potential is forfeited) and waived QFF joining fee, makes it an ideal way to begin collecting Qantas Frequent Flyer points.

User reviews

4.6 out of 5.0 based on 3 reviews100% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Simple, straightforward card

Reviewed and recommended by Bill on 01 Oct 2016

I have never had any trouble with this card, and when you want to dispute a payment, or get a return for goods or services not being what they should be, the process is reasonably good.

There are no fees, no interest and no rewards. It’s a simple, straightforward card and you know what you’re getting.

Extremely happy with this credit card

Reviewed and recommended by Gary on 01 Jul 2016

I have been a customer of Bankwest for almost a year now and could not be more impressed. Whenever I visit a branch, the staff are always willing to offer their assistance and are very prompt to get what I need done. The features and benefits of this credit card far surpass that of other credit cards in its class. One of the best things I like about it is the fact that I am a Qantas Frequent Flyer member. Being able to benefit from QFF points as well as using my credit card is why I continue my business.

I earn good flybuys points

Reviewed and recommended by Anon on 20 Jun 2015

I changed from my previous card because it was of no benefit and with this card I at least earn points as I use it nearly every day, can use it everywhere, and because it has PayPass it’s really easy to use. I like the colour of the card – it makes it easy to see in my wallet.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Single
Card tier
Standard
Card type
Mastercard
Card use
Personal
Credit rating
N/A
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
N/A
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
Qantas Frequent Flyer
Temporary residents
Yes

Cardholders

Additional cardholders
3
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$1,000
Maximum credit limit
$25,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 44 days on purchases
Minimum repayment
2%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers2.99% p.a.9 months0%95% of credit limit20.49% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
95% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the Bankwest Qantas Mastercard at the promotional balance transfer rate from:

  • Bankwest

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers2.99% p.a.9 months0%95% of credit limit 20.49% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.83% 21.99% p.a.
Purchases 1.71% 20.49% p.a.

Fees

Annual fee
$100 p.a.
Cash advance fee
2%
Dishonour fee
$10
Duplicate statement fee
$1.25
Foreign exchange fee
2.95%
Late payment fee
$25
Over limit fee
$30
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$4
Overseas emergency card replacement fee
$0
Transaction verification fee
$12

Rewards & points

Cool stuff you can get with your points

Disclaimer: Points required accurate as of the 31st March 2018.

Rewards program basics

First purchase bonus
N/A
Reward points expiry
No expiry as long as you keep your account active (earn or redeem points within a 18 month period)
Rewards program
Qantas Frequent Flyer
Sign up bonus
N/A
Spend required for bonus points
N/A

Earning points with this card

Frequent flyer points
0.5 pts per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
N/A
Points cap per year
50,000
Points earned on ATO payments
N/A
Reward points
0.5 pts per $1 spent

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
N/A

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Joint applications are not allowed
Temporary residents are eligible
Age Pension is acceptable.
Disability Pension, Overseas Pension, Veteran's Pension and Widower's Pension are not acceptable.
Income from pensions is not allowed
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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