The Bankwest Qantas World Mastercard (previously an invite-only card), is available to new cardholders for a $270 p.a. ongoing annual fee.
The card is issued as a ‘World MasterCard’ and includes all its benefits. Cardholders will also be able to take advantage of no foreign transaction fee for online and overseas purchases.
Earn rate starts at 1 Qantas Point per $1 up to $5,000 on eligible purchases per month and then drops down to 0.5 Qantas Point per $1 thereafter, uncapped.
Digging into the details
The Bankwest Qantas World Mastercard essentially has no points cap but has a soft cap of $5,000 per month for earning 1 Qantas Point per $1 on eligible spend. You will then earn 0.5 Qantas Point per $1 on all succeeding eligible spend beyond the soft cap. This is outlined in the Bankwest Qantas Rewards PDS (pdf).
| Card | Bankwest Qantas World Mastercard |
| Loyalty Program | Qantas Frequent Flyer |
| Points earned from spend | 1 Qantas Point per $1 spent on eligible purchases up to $5,000 per month 0.5 Qantas Point per $1 thereafter |
| Points Cap | None |
| Included insurances | Interstate Flight Inconvenience Insurance (within Australia) Price Guarantee, Purchase Security and Extended Warranty cover |
| Overseas transaction fee | 0% |
| Minimum credit limit | $12,000 |
| Annual fee | $270 p.a. ongoing |
This card is a decent option for travellers, with these key benefits:
- No overseas transaction fees
- Overseas Travel Insurance
- Interstate Flight Inconvenience Insurance (within Australia)
- Price Guarantee, Purchase Security and Extended Warranty cover
Halo Payment Ring
These Bankwest cards are also eligible for the Halo Payment Ring, embedded with a Mastercard Contactless chip.
Apple Pay & Google Pay Support
Bankwest cards support Apple Pay andGoogle Pay, meaning you can use this card on your smartphone for easier payments.
Read the Point Hacks guide to using Apple Pay or for using Google Pay and Samsung Pay, including instructions on how to add your Bankwest card to those services.
With this feature set up, it means you could still use your NFC-enabled phone to make purchases with your Bankwest account, even if your physical card is lost or stolen and pending replacement.
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 1 Qantas Points per $ earn rate is at par with most Qantas Point-earning Visa/Mastercards out there, but do take note of the soft cap in place.
The no foreign transaction fee is a winner for this card with frequent flyer points earned on the side with a great earn rate of 1:1.
I’ve just transferred across at 17k limit and $160 annual fee.
I tried to get one of the sales rep in Bankwest to upgrade my Platinum immediately during the application process however it was declined by the credit team.