More World Mastercard
Virgin Australia Velocity Flyer Card
20.74%
44
Basic
Electronic Wallet Service
Important Rates
Rates
Balance Transfer
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 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
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.
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