The Bankwest Qantas Platinum Mastercard has up to 30,000 bonus Qantas Points on offer for new cardholders.

A minimum spend of $3,000 within the first 90 days of approval is required to receive 20,000 bonus Qantas Points and get an additional 10,000 bonus Qantas Points if you keep your card account open for at least 15 months.

Bankwest now only offer the Qantas Platinum Mastercard and Qantas World Mastercard to new customers in their Qantas cards range.

We will take a look into the details of the 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.

Earning Qantas Points from Spend

The Bankwest Qantas Platinum card earns 0.75 Qantas Point per $1 on day to day spend up to $2,500 per month and 0.30 Qantas Point per $1 thereafter, unlimited. There are no overseas or Qantas spend bonuses.

For those who still have the Classic card, it earns 0.30 Qantas Points per $1 on spend with no points cap and with limited benefits.

Other Benefits of the Bankwest Qantas Platinum Mastercard

The best benefit of the Platinum card, in my opinion, is the waived foreign transaction fees for online and overseas purchases, 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 spend0.75 Qantas Points per $1 spend up to $2,500 per month and 0.30 Qantas Points per $1 thereafter, uncapped
Points capno hard cap
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 the Bankwest Qantas Platinum to the Classic

The primary differences in benefits between the two are the points earn rate 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, especially since it comes with complimentary insurances while the Classic does not.

Card Details 
CardBankwest Qantas Classic MasterCard
Loyalty programQantas Frequent Flyer
Points earned from spend0.3 Qantas Points per $1 spent
Points capno points cap
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.

Up to 30,000 bonus Qantas Points with the Bankwest Qantas Platinum Mastercard was last modified: October 18th, 2021 by Daniel Sciberras