Bankwest has recently decided to offer their Qantas World Mastercard to new customers, and in return have eliminated the Qantas Gold Mastercard from their Qantas cards range.

We will take a look into the details of both the Qantas Classic and Platinum Mastercard in this guide. The Platinum MasterCard is packed with similar benefits as the World Mastercard version and comes with a standard $160 annual fee which can also be bundled with your Bankwest home loan, if you have one.

Bankwest Qantas Platinum MasterCard

Earning Qantas Points from Spend

Bankwest has downgraded the earn rate of the Platinum card in June 2016 from 0.75 Qantas point to 0.5 Qantas point per $1 on day to day spend with a cap of 200,000 points per year. There are no overseas or Qantas spend bonuses.

The Classic card also earns 0.5 Qantas Points per $1 on spend but with an annual cap 50,000 point and limited benefits.

Other Benefits of the Bankwest Qantas Platinum Mastercard

The best benefit of the Platinum card over the Classic in my opinion is the waived foreign transaction fees, with this card being one of the few cards on the market together with the Bankwest World Mastercard which offers this waiver while still allowing you to earn points.

Given there is usually a 2.95% surcharge on your overseas spend with Bankwest’s other cards, this is a substantial saving, and covers online and in-person transactions.

The Bankwest Qantas Platinum card also offers travel insurance with up to 6 months per trip coverage and $3,000 of car hire insurance excess. There are more details on the included insurances here.

This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.

Card Details 
CardBankwest Qantas Platinum MasterCard
Loyalty programQantas Frequent Flyer
Points earned from spend0.5 Qantas Points per $ spent
Points cap200,000 points annually
Travel benefitsWaived foreign transaction fees
Included insurancesDomestic and international travel insurance, purchase security insurance (PDS)
Overseas transaction fee0% for online and overseas purchases
Annual fee$160

Comparing Bankwest Platinum to Classic

With the same earn rate on both cards, the primary differences in benefits between the two are the points capping and the foreign transaction fee waiver.

The annual fee for the Classic is $100. Given the Platinum card is only $160, Iā€™d suggest going for the Platinum card, specially since it comes with complimentary insurances while the Classic does not.

Card Details 
CardBankwest Qantas Classic MasterCard
Loyalty programQantas Frequent Flyer
Points earned from spend0.5 Qantas Points per $1 spent
Points cap50,000 points annually
Travel benefitsn/a
Included insurancesn/a
Overseas transaction fee2.95% of the converted amount
Annual fee$100

Halo Payment Ring

These Bankwest cards are also eligible for the Halo Payment Ring, embedded with a Mastercard Contactless chip.

Summary – Bankwest Qantas MasterCard range

The earn rate for both Classic and Platinum cards are not the best in the market, however, if there’s a decent sign up bonus on offer and you spend a considerable amount on overseas transactions and prefer saving cash to earning more points, then the Platinum card is a decent option.

Otherwise, there are Qantas Cards out there with higher earn rates on spend which you could probably consider instead.

Guide to Bankwest Qantas Classic & Platinum credit cards was last modified: July 20th, 2020 by Daniel Sciberras