Qantas World Mastercard

Basic

Card Level
Card Level
Premium
Interest Free Days
Interest Free Days
44
Maximum credit limit
Maximum credit limit
No set max
Minimum credit limit
Minimum credit limit
$12,000
Minimum repayment dollars
Minimum repayment dollars
$20
Minimum repayment percent
Minimum repayment percent
Number free supplementary
Number free supplementary
3
Annual Fee
Annual Fee
$270
Late Payment Fee
Late Payment Fee
$25
Over limit fee
Over limit fee
$30
Duplicate statement fee
Duplicate statement fee
$8
Supplementary card annual fee
Supplementary card annual fee
$0
Card Level
Card Level
Premium
Interest Free Days
Interest Free Days
44
Maximum credit limit
Maximum credit limit
No set max
Minimum credit limit
Minimum credit limit
$12,000
Minimum repayment dollars
Minimum repayment dollars
$20
Minimum repayment percent
Minimum repayment percent
Number free supplementary
Number free supplementary
3
Annual Fee
Annual Fee
$270
Late Payment Fee
Late Payment Fee
$25
Over limit fee
Over limit fee
$30
Duplicate statement fee
Duplicate statement fee
$8
Supplementary card annual fee
Supplementary card annual fee
$0

Rates

Purchase Rate
Purchase Rate
20.49%
Cash advance rate
Cash advance rate
21.99%
Purchase Rate
Purchase Rate
20.49%
Cash advance rate
Cash advance rate
21.99%

Balance Transfer

Balance Transfer Rate
Balance Transfer Rate
2.99%for 9 months then 20.49%
Transfer Limit
Transfer Limit
95%of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$0
Balance Transfer Rate
Balance Transfer Rate
2.99%for 9 months then 20.49%
Transfer Limit
Transfer Limit
95%of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$0

Overseas spending

Foreign Exchange Fee
Foreign Exchange Fee
Overseas charges
Overseas charges
$5
Estimated ATM Cost
Estimated ATM Cost
Foreign Exchange Fee
Foreign Exchange Fee
Overseas charges
Overseas charges
$5
Estimated ATM Cost
Estimated ATM Cost

Rewards

Program name
Program name
Qantas Frequent Flyer
Rewards Available
Rewards Available
Gift Card, Domestic Flights, International Flights
Points Per $1 Spend
Points Per $1 Spend
0.66uncapped
Program name
Program name
Qantas Frequent Flyer
Rewards Available
Rewards Available
Gift Card, Domestic Flights, International Flights
Points Per $1 Spend
Points Per $1 Spend
0.66uncapped

Eligibility

Minimum age
Minimum age
18
Minimum income
Minimum income
Eligibility conditions
Eligibility conditions
Minimum age
Minimum age
18
Minimum income
Minimum income
Eligibility conditions
Eligibility conditions

Perks

  • Concierge
  • Extended WarrantyWarranty is extended for the same duration as the original warranty up to 1 year.
  • Free Domestic Travel Insurance
  • Free International Travel Insurance
  • Free Travel Insurance Days
  • Price GuaranteeIf you purchase personal goods in Australia and then find the same product advertised later in a printed catalogue at a cheaper price within 21 days of purchase, from a store within 25km of the store where the item was purchased, you can claim back the difference if it is more than $75 and less than $1000.
  • Purchase ProtectionCovers up to $125,000 per year
  • Free Supplementary Cards

Features

The Bankwest Qantas World Mastercard has a high interest rate on purchases and a very high annual fee. Although it comes at a cost, this credit card also provides a number of perks and benefits to cardholders.

As the name implies, customers who choose the Bankwest Qantas World Mastercard can earn Qantas Frequent Flyer points on eligible purchases. If you are not already a member, the fee to join the Qantas Frequent Flyer program will also be waived when choosing this credit card.

Cardholders can also enjoy access to the Bankwest Lounge and discounted food and drinks at the Perth Arena, as well a complimentary international travel insurance. Travelling with this credit card is also made a little easier with international transaction fees being waived. Bankwest are also offering free emergency card replacement worldwide.

Pros
  • Earn Qantas Frequent Flyer points
  • Complimentary travel insurance
  • Balance transfer offer
Cons
  • High interest rate
  • Very high annual fee
  • Moderately high minimum credit limit

Who is it good for?

The Bankwest Qantas World Mastercard offers benefits and extras that work in favour of frequent flyers. The ability to earn Qantas Frequent Flyer points to bolster a new or existing travel rewards membership, as well as complimentary travel insurance and no international transaction fees, all make this credit card easy to travel with.

However, the high interest rate, very high annual fee and moderately low number of interest-free days mean that this credit card could quickly become unaffordable. Unless you can afford the interest rate, or you are very savvy with your credit card repayments, this credit card may not be suitable for you.

That said, consumers who choose this card can also take advantage of the nine-month balance transfer offer at a very low interest rate, so it could be suitable for customers with a modest amount of credit card debt. 

What RateCity says

The Bankwest Qantas World Mastercard is a credit card for those looking to travel regularly and experience the VIP treatment.

This card has a very high annual fee and the typical high interest rate on rewards credit cards, so its complimentary services do come at a cost of sorts. This credit card provides so many perks and benefits that it is easy to forget about the fees and charges.

The Bankwest Qantas World Mastercard also has a moderately high minimum credit limit, which could prove tempting for bigger purchases that may not be affordable in the long run, especially when you start paying interest.

Despite the multiple complimentary insurances offered with this card, it’s important to read the fine print to make sure these products will actually benefit you. There are also other credit cards available with more generous frequent flyer earning schemes and lower balance transfer interest rates.

Applying/eligibility

To apply for the Bankwest Qantas World Mastercard, you must be at least 18 years old and an Australian citizen or permanent resident, and not already have a Bankwest Qantas Mastercard account. To start your online application, make sure that you have your Australian passport or driver’s licence on hand, as well as your employment and financial details, including your income, assets and regular expenses. You can apply online in just six steps. 

About the lender

Bankwest is an Australian bank based in Perth that as originally established in 1895 as the Bank of Western Australia. Bankwest has been a subsidiary of Commonwealth Bank since 2008 and today has branches throughout Western Australia, as well as offices in Brisbane, Sydney, Canberra, Melbourne and Adelaide. Customers can contact Bankwest for personal and business banking enquiries during standard and extended business hours, and 24/7 for lost or stolen cards.

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