Bankwest Qantas Platinum Mastercard | Comparison & Review

Bankwest Qantas Platinum 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 Platinum Mastercard
Uncapped points-earning potential.
Up to 12 months of extended warranty insurance and 3 months purchase security insurance (conditions apply).
Enjoy complimentary insurances along with this card including overseas travel insurance for you and family members travelling with you.
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
0.75 pts
per $1 spent
up to $2,500
then 0.3 pts
per statement period
More info
-

Pros & cons

What's good?

What's not so good?

Uncapped points-earning potential.
Up to 12 months of extended warranty insurance and 3 months purchase security insurance (conditions apply).
Enjoy complimentary insurances along with this card including overseas travel insurance for you and family members travelling with you.
2.99% p.a. on balance transfers for 9 months.
Bankwest has organised for new cardholders to have the Qantas Frequent Flyer membership joining fee to be waived, saving you $99.50.
No foreign transaction fees on online and overseas purchases.
Up to 3 additional cardholders for free.
Enable for Apple Pay, Google Pay or Samsung Pay.
0.75 points per dollar up to $2500 per month on eligible purchases and 0.3 points per dollar thereafter.

A cash advance fee will apply to any withdrawals made through an ATM overseas or in Australia. A withdrawal fee of $4 applies if after the transaction, your Credit Card Account has a credit (positive) balance. If before the transaction, your Credit Card Account has a debit (negative) balance, the greater of $4 or 2% of the transaction amount will apply and if before the transaction, your card account has a credit (positive) balance, but the final balance after the transaction is in debit (negative), the greater of 4% or 2% if the amount in debit.

Disclaimer (2): Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

4.0 out of 5.0 based on 4 reviews100% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

Good rewards for a non-AmEx card, dispute problems

Reviewed and recommended by Mark on 04 May 2017

It’s an average card with a medium fee. The benefits of travel insurance and no overseas transaction fees are also a plus.

As with all non-American Express cards, the points earning rate is not great, but better than nothing if you pay the card off in full.

The circa 20-day repayment period is also very short, so be prepared to settle your card quickly every month.

The online banking is good and interfaces nicely with your other Bankwest accounts.

The major downside was that the application process was laborious, time-consuming and arbitrary as to who gets approved. Also another real bugbear is disputing transactions. This requires paperwork, and quite significant amounts of it. This has to get faxed or posted to a back office department which takes quite a long time to acknowledge the claim. Refunds take even longer – sometimes up to four weeks. They require you to pay the amount rather than marking the amount as disputed, to be resolved later. There are also fees if your claim is rejected. The staff at branches are not able to do much and always refer you to a back office team or email address.

I am only recommending this card for its reward program. The other aspects are very poor indeed.

Great for travelling

Reviewed and recommended by Yvette on 19 Sep 2016

I originally got this card for the 'no foreign transaction fees’, which is great, but since they have reduced the interest-free days and also the amount of QFF points redeemed, i am considering a change.

Love the customer service — always very helpful and convenient, as it is a MasterCard.

Great for overseas trips

Reviewed and recommended by Robert on 22 Jun 2016

The Bankwest Platinum Qantas card is great for overseas trips and purchasing goods and services online from overseas as there are no foreign transaction fees. At $150 p.a. it also comes with travel insurance and is linked to my Qantas Frequent Flyer account. I received 50,000 miles when I opened the account, but the rules have changed so it is harder to earn points. I am also not sure if the foreign transaction fee—which is waived—is recovered via a lower exchange rate, which is hard to compare. It is easy to use and access online. Providing fees don’t go up too much, it appears to be good value.

Best Qantas FF rewards card

Reviewed and recommended by Krythe on 01 Sep 2013

It’s a MasterCard, so it is accepted in more places than Amex, and it has no international transaction fees, which is great for online shopping and going overseas. This makes it well worth the price for the moderate spender who wants a Qantas FF card (if you want it cheaper, consider the qantas Am Express Discovery Card, but it doesn’t have the above features).

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
Platinum
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
$3,000
Maximum credit limit
$50,000

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 Platinum 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
$160 p.a.
Cash advance fee
whichever is greater, $4 or 2%
Dishonour fee
$10
Duplicate statement fee
$10
Foreign exchange fee
0%
Late payment fee
$25
Over limit fee
$10
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$0
Overseas emergency card replacement fee
$0
Transaction verification fee
$10

Rewards & points

Cool stuff you can get with your points

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

Earn rates

Spend typeSpend
Everyday spend
Up to $2,500
0.75 pts per $1 spent
per statement period
0.3 pts per $1 spent
Airline spend
Up to $2,500
0.75 pts per $1 spent
per statement period
0.3 pts per $1 spent
ResetN/A
Points capUnlimited

Rewards program basics

Reward points expiry
Never as long as you keep your account active (earn or redeem points within an 18-month period)
Rewards program
Qantas Frequent Flyer
Sign up bonus
N/A
Spend required for bonus points

Earning points with this card

Frequent flyer points
0.75 pts per $1 spent up to $2,500 then 0.3 pts per $1 spent per statement period
Overseas earn rate
Same as standard earn rate
Points cap per month
Unlimited
Points cap per year
Unlimited
Points earned on ATO payments
N/A
Reward points
0.75 pts per $1 spent up to $2,500 then 0.3 pts per $1 spent per statement period

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
No

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
Temporary residents are eligible
Age Pension is acceptable.
Joint applications are not allowed
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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People are happy
Rated 4.8 out of 5 for customer satisfaction.
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