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 2 |
| 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 |
| Apple Pay available | Apple Pay available |
| Google Pay available | Google Pay available |
| Samsung Pay available | Samsung Pay available |
| 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 2 |
| 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 |
| Apple Pay available | Apple Pay available |
| Google Pay available | Google Pay available |
| Samsung Pay available | Samsung Pay available |
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 |
| Program name | Program name Qantas Frequent Flyer |
|---|
| Rewards Available | Rewards Available Gift Card, Domestic Flights, International Flights |
|---|
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 |
|---|
Earn Rates
| Rate | Card Type | Earns | Condition |
|---|---|---|---|
| 0.66 points for $1 spent | MasterCard | uncapped | eligible transactions |
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
Similar credit 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.
