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
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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 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 overseas 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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