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Qantas Mastercard

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Basic

Electronic Wallet Service

Important Rates

Rates

Balance Transfer

Overseas spending

Rewards

Eligibility

Earn Rates

RateCard TypeEarnsCondition
0.5 points for $1 spentMastercardUp to $50,000 annuallyeligible transactions
  • Free Supplementary Cards

Features

The Bankwest Qantas Mastercard has high interest rates, a moderately low number of interest-free days, and a moderate annual fee. The card charges a foreign transaction fee and a moderately high late payment fee. This card does not include any complimentary insurance.

This card comes with an associated rewards scheme that allows card holders to earn Qantas Points on eligible purchases. The Bankwest Qantas Mastercard earns 0.5 Qantas Points per $1 spent, and points are deposited directly into your frequent flyer account. Qantas Points can be redeemed for a variety of travel rewards and products at the Qantas Store. Customers who are not already Qantas Frequent Flyer members are also given free membership.

Although the card has high interest rates, new card holders are given a lower promotional interest rate on balance transfers for the first nine months.

Pros
  • Earns Qantas Points
  • Qantas Frequent Flyer membership
  • Balance transfer offer
Cons
  • Charges foreign transaction fee
  • No complimentary insurances
  • High interest rates

 

Who is it good for?

The Bankwest Qantas Mastercard may be a good fit for those who want a classic credit card that will earn them frequent flyer benefits on most purchases. This credit card receives 0.5 Qantas Points per $1 spent, and points are automatically deposited into your Qantas account.

This card may not be a good fit for customers who are not frequent travellers. Potential card holders who want cash back or merchandise rewards may be better off searching for a card with a more general reward program.

Although the Bankwest Qantas Mastercard earns points for travel benefits, the card is not necessarily suited for overseas travel. It charges a foreign transaction fee for purchases made in non-Australian currency as well as a fee for overseas ATM use. Those in search of a credit card for travel would benefit from a card without foreign transaction fees.

What RateCity says

The Bankwest Qantas Mastercard is a practical card for earning frequent flyer benefits. The card earns Qantas Points at a reasonable rate and charges only a moderate annual fee.

However, the Bankwest Qantas Mastercard is less than desirable for budget card holders and customers who don’t often travel. Card holders who struggle to pay their bill in full each month may find the high interest rates and moderately low interest-free period problematic. Budget card holders may be better off finding a credit card with no annual fee and lower interest rates.

Rewards scheme seekers who don’t need travel benefits may be better suited to a card with a more general rewards scheme. Cards with rewards programs that earn points for cash back or vouchers may be more appropriate for non-travellers. 

Applying/eligibility

In order to be eligible for the Bankwest Qantas Mastercard, you must be at least 18 years of age and be an Australian citizen or Australian permanent resident. Bankwest’s secure online application requires photo identification, such as an Australian driver’s licence, as well as employment details. Financial information including income, expenses and assets may also be required. Only one Bankwest Qantas Mastercard account is permitted per customer. Customers can also apply over the phone or in a Bankwest branch.

About Bankwest

Bankwest is a regional Australian financial institution based in Perth. Founded in 1895, the bank, which was then known as the Agricultural Bank of Western Australia, was set up to service the needs of state farmers. Bankwest now serves both consumers and businesses by providing a range of financial services, including bank accounts, home and personal loans, credit cards, investments and a range of insurance options. Bankwest is a division of the Commonwealth Bank of Australia.

FAQs

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.

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