The Bankwest Qantas Platinum Mastercard has a high interest rate, a moderately high annual fee and a moderately low number of interest-free days. It also comes with a moderately high late payment fee and a moderate minimum credit limit.
This card is associated with the Qantas Frequent Flyer program, through which cardholders can earn points for spending and redeem points for flight discounts, upgrades, gift cards and other rewards with Qantas and their partner airlines.
The card also comes with an introductory balance transfer rate for those wanting to carry over and pay off existing debt from another card.
Bankwest Breeze Platinum Mastercard customers are covered by complimentary international credit card travel insurance and extended warranty insurance. Three additional cards (aged 16 years and over) are also allowed at no extra cost.
- Qantas Frequent Flyer program
- Complimentary insurance
- Three free additional cardholders
- High interest rate
- Moderately high annual fee
- Moderately low interest-free days
Who is it good for?
The Bankwest Qantas Platinum Mastercard is especially suited to people who like to travel frequently and can use their credit card regularly while paying it off in full each month. For these customers, this card offers potential to earn frequent flyer rewards and save on the cost of travel insurance.
Those who want to carry over and pay off existing debt would also benefit from this card’s balance transfer deal. However, it’s worth noting there are cards on the market with lower balance transfer rates which may be more suitable.
Additionally, families and people looking to share a credit card could take advantage of this card’s allowance for up to three additional cardholders.
On the other hand, this card isn’t particularly appropriate for people on a tight budget, as it comes with a high interest rate, as well as a moderately high annual fee and late fee.
What RateCity says
The Bankwest Qantas Platinum Mastercard is a good all-round frequent flyer credit card that offers a number of advantages, such as points-earning potential, insurance and free additional cardholders.
The balance transfer offer is also a nice incentive; however, it isn’t the lowest on the market so it probably wouldn’t be the sole drawcard for most customers.
As with most rewards cards, the Bankwest Qantas Platinum Mastercard comes with a high interest rate and a moderately high annual fee, so it’s worth considering whether these costs are worth the potential benefits.
If you find that you can’t always pay your bill on time, you might be better off shopping around to find a card that offers better value for money. And if you’d like the ability to earn rewards other than frequent flyer points, also consider looking for a card with a more varied rewards program.
To be eligible for the Bankwest Qantas Platinum Mastercard, you must be at least 18 years of age, an Australian permanent resident and meet the bank’s serviceability criteria. You can apply online at the Bankwest website or at a branch if preferred, and usually will receive an instant response. When you apply, you will need to provide photo identification and employment details, and disclose information about your income, expenses and assets.
Bankwest (formerly known as the Bank of Western Australia) is owned by Commonwealth Bank and headquartered in Perth. The bank also has branches in Adelaide, Brisbane, Sydney, Melbourne and Canberra. Bankwest provides personal finance products to customers such as bank accounts, credit cards, home loans and personal loans, as well as business banking products. Customers can manage their finances online at the Bankwest website, via the mobile app or in-branch.