Bankwest is now offering the Bankwest Qantas World Mastercard to new customers. Earn Qantas points on spend, with no foreign transaction fees, complimentary Starwood Preferred Guest Gold Membership and World Masercard benefits for a $270 annual fee.
- No foreign transaction fees
- Starwood Preferred Guest Gold Membership after one paid stay in a qualifying Starwood Hotel in Asia Pacific
- 0.66 Qantas points earned per $1 on eligible purchases with no points cap.
- Complimentary credit card travel insurance
- Up to 10% off at participating Hertz® car hire locations world-wide
- $270 p.a. annual fee
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Bankwest have made the previously ‘invite-only’ Qantas World MasterCard open to applications for new Bankwest customers, not just existing Platinum cardholders, with a $270 annual fee.
The card suffered some changes from June 2016, when the Qantas Point earn was reduced from 1 Qantas Point per $ to 0.66. This was a significant blow to the utility of a key benefit of the card.
Otherwise the card is issued a ‘World MasterCard’, has the primary benefit of an upgrade to Starwood Preferred Guest gold status after one paid stay at Starwood Hotels and Resorts in Asia Pacific.
Another key benefit is the lack of overseas transaction fees too, like Bankwest’s regular Platinum MasterCard.
There’s no points cap on this card – by comparison the cap is 200,000 Qantas Points annually on the Bankwest Platinum card. This is outlined in the Bankwest Qantas Rewards PDS (pdf).
This card is a decent option for travellers, with these key benefits:
- 10% off participating Hertz car rental
- Upgrade to Starwood Preferred Guest Gold status after one paid stay at Starwood Hotels in Asia Pacific
- No foreign transaction fees
- Three months of Purchase Cover Insurance
- International Travel Insurance
- Interstate Flight Inconvenience Insurance (within Australia)
Summing up – Bankwest Qantas World
The Bankwest World Mastercard has a unique place in the market as the only Qantas Point earning card with no overseas transaction fees. The 0.66 Qantas Points per $ earn rate is not the best out there for a MasterCard, but any signup bonus on offer for this card may increase the appeal to new cardholders.
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