More World Mastercard
Bonus Points
Receive 115,000 Annual Bonus Points if new customer and have a $3,000 minimum credit limit when you spend a minimum of $84,000 on eligible purchases in that year.- Last updated on 15 Jul 2020
Heritage Bank Gold Low Rate
An ongoing low variable interest rate, plus lots of features, makes this one of our most popular credit cards.
Purchase Rate
10.80%
Annual Fee
$0
Purchase Rate
19.99%
Balance Transfer Rate
0%
for 6 months then 19.99%
Annual Fee
$270
Max Free Days
44
$25
Pros
- Balance Transfers Available
- Free domestic travel insurance
- Free international travel insurance
- Free supplementary cards
- Purchase protection insurance
- Price guarantee
- Extended warranty
- Airport lounge
Card Level Platinum | Number free supplementary 3 |
Interest Free Days Interest Free Days 44 | Annual Fee Annual Fee $270 |
Maximum credit limit No set max | Late Payment Fee $25 |
Minimum credit limit $12k | Over limit fee $30 |
Minimum repayment dollars $20 | Duplicate statement fee $7.5 |
Minimum repayment percent 2% | Supplementary card annual fee $0 |
Purchase Rate Purchase Rate 19.99% |
Cash advance rate 21.99% |
Balance Transfer Rate Balance Transfer Rate 0% for 6 months then 19.99% |
Transfer Limit 95% of the approved credit limit |
Balance Transfer Fee $50 |
Foreign Exchange Fee |
Overseas charges Overseas charges $5 |
Estimated ATM Cost - |
Program name Bankwest More Rewards |
Rewards Available Gift Card, Cash Back |
Minimum age 18 |
Minimum income $0 |
Eligibility conditions |
Residency |
Earn Rates
| Rate | Card Type | Earns | Condition |
|---|---|---|---|
| 2.5 points for $1 spent | Mastercard | uncapped | eligible transactions |
Perks
- FREE DOMESTIC TRAVEL INSURANCE
- FREE INTERNATIONAL TRAVEL INSURANCE Cover lasts for 365 days per year
- FREE SUPPLEMENTARY CARDS
- PURCHASE PROTECTION INSURANCE Covers up to $125,000 per year
- PRICE GUARANTEE If 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.
- EXTENDED WARRANTY Warranty is extended for the same duration as the original warranty up to 1 year.
- AIRPORT LOUNGE Cover lasts for 10 days per year
- Bonus PointsBalance Transfer Receive 115,000 Annual Bonus Points if new customer and have a $3,000 minimum credit limit when you spend a minimum of $84,000 on eligible purchases in that year.Earn bonus points when you spend a minimum of $84,000 on eligible purchases in that year. 0% p.a. on balance transfers applies for 6 months.
No foreign transaction fees
Annual bonus points are for new More Mastercard customers with a minimum credit limit of $3000 only.
Compare and review credit cards with similar features
Bankwest is a full-service bank headquartered in Perth. It was first established in 1895 as the Agricultural Bank of Western Australia. It has gone through a series of name changes since its inception, embracing the trading name Bankwest in 1994. Bankwest is Western Australia’s leading bank, serving 1.2 million customers in WA and across Australia.
Bankwest operates bank branches across the country, with 85 branches in Western Australia and 45 branches nationally. Bankwest’s call centres are located in Australia.
Features
The Bankwest More World Mastercard offers a moderately high interest rate, a moderately low number of interest-free days and has a high annual fee.
Bankwest More World Mastercard customers are eligible for unlimited complimentary airport lounge visits with accompanying guests (in participating lounges).
And the rewards scheme for this credit card allows uncapped point earning potential, as well as annual bonus points (a minimum spend applies).
New applicants can take advantage of 0 per cent on balance transfers for the first six months. However, a 1 per cent balance transfer fee applies at the time of transfer.
Bankwest More World Mastercard cardholders are able to access the Bankwest Lounge and get entertainment discounts at Perth Arena.
This card also provides exclusive Mastercard travel offers.
Pros
- No foreign transaction fees
- Complimentary insurance
- Unlimited airport lounge access
Cons
- High minimum credit limit
- High annual fee
- No additional cardholders
Who is it good for?
The Bankwest More World Mastercard is best suited to residents of Western Australia, as many of the features associated with the card can only be redeemed in this state.
If you live in WA and want a credit card with a high credit limit, this would be an option. Along with the higher limit is the opportunity to cash-in on the points program.
The Bankwest More World Mastercard rewards scheme offers Bankwest’s highest uncapped points-earning potential.
This card has definitely been designed with big spenders in mind. As a cardholder you could earn 115,000 annual bonus points if you meet the minimum spend.
And if you’re a West Australian who likes to travel, the Bankwest More World Mastercard offers a range of travel-related benefits.
These include unlimited airport lounge access (at participating lounges) and complimentary credit card and travel insurance.
What RateCity says
If you don’t live in Western Australia, are not a heavy credit card user and don’t travel much, this card would be of little benefit.
The Bankwest More World Mastercard is a premium product. As such, the associated rates and fees are generally higher than many other credit cards.
A major feature of this credit card is the rewards scheme, which offers uncapped points potential and annual points bonuses.
There is a minimum spend required to achieve the annual points bonus.
Other fringe benefits of the card’s use include complimentary credit card and travel (domestic and international) insurance.
The credit card insurance provides extended warranties on goods purchased and covers those goods against loss, theft or accidental damage.
If you do like to travel, you could benefit from being covered for overseas medical emergencies, interstate flight delays and rental vehicle excess through this card.
Applying/eligibility
To be eligible for a Bankwest More World Mastercard, you must be 18 years old and a permanent Australian resident. You must also have a regular income of over $76,000 a year. To apply online, you need two forms of identification (Australian driver's licence, Medicare card or passport). To apply in a branch, you need one original form of photographic identification, such as a passport, Australian driver’s licence or photo card. You also need employment details and financial information on-hand.
About Bankwest
Bankwest, previously known as the Bank of Western Australia, started life in 1895 as the Agricultural Bank of Western Australia. It was established by the WA Government to meet the financial needs of the state’s farmers. In 2008, Bankwest became a division of Commonwealth Bank of Australia in 2008. And in 2017, Bankwest was named Money magazine’s Bank of the Year. Bankwest offers customers easy banking solutions online, in branches and via expert advice.
Nick Bendel
Property Personal Finance Writer
A property and personal finance writer, Nick Bendel covers property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.
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FAQs
CVV stands for ‘card verification value’, and is also sometimes referred to as a CVC or card verification code.
A CVV code is usually needed when the card is used online or over the phone as an anti-fraud measure. Without the cardholder being physically present to sign or verify the purchase, the CVV provides an extra layer of protection.
If you’re using Mastercard or Visa, the CVV is the three digits located on the back of the card. If you’re using an American Express, the CVV is usually four digits and is on the front of the card.
The numbers on your credit card actually follow a universal standard which is used to identify specific functions. Each credit card has a different amount of numbers. Visa and Mastercard have 16, American Express has 15 and Diner’s Club has 14.
The first number on a credit card always identifies what type of credit card it is. Visa cards start with a 4, whereas Mastercard starts with a 5 and American Express with a 3. The remainder of the digits represent the account number, including the last number which is used to verify that your credit card is actually valid.
Credit cards also have additional verification numbers, which are mainly used when the card isn’t present for phone and online purchases. These are the three-digit numbers on the back of Visa and MasterCard or the four-digit numbers on the front of an American Express card.