Bankwest is now offering the Bankwest Qantas World Mastercard to new customers. Earn Qantas points on spend, with no foreign transaction fees and World Mastercard benefits for a $270 annual fee.
- No foreign transaction fees
- 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
Point Hacks do not earn commissions on this card. More about this →
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 as a ‘World MasterCard’ and includes all its benefits, however, as of 14 July 2017, the Starwood Preferred Guest Gold status after a one night stay benefit is no longer included with this card due to Mastercard removing it as a benefit of World Mastercard.
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
- 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.
Share this article
Point Hacks Credit Card Information
Point Hacks is published by Newformula Media. Newformula PTY LTD (ACN: 609 361 051) is a credit representative (486568) of Eurofinance Corporation Pty Ltd (Australian Credit License: 393845). In some instances, Newformula PTY LTD receives a commission or benefit for referring you to the services of a credit provider. This commission or benefit is disclosed at the point of referral to the credit provider. This website does not provide credit, assist you in obtaining credit, or advise you to apply for any particular product from a provider.
We have not taken into consideration your circumstances or financial situation when providing the information on this website. It is important you read the relevant PDS from the product issuer and seek the independent advice of an appropriately qualified professional before making a decision on a product.
While we invest a great deal of time and energy into ensuring we provide with you with the most up to date and accurate information, we do not warrant the accuracy of statements or information contained on the Website relating to third party goods and services, including credit card information, loyalty schemes and rewards. You acknowledge that such information and materials may contain inaccuracies or errors and we expressly exclude liability arising from any person acting on those statements or information to the fullest extent permitted by law. Where conditions or warranties are implied by law and cannot be excluded, our liability will be limited to the re-supply of information. You should confirm the accuracy of information provided on this Website with the third party product provider before acting on it.