Bankwest Credit Cards

Bankwest is a provider of credit cards, bank accounts, home loans, personal loans, insurance, and financial advice.

“Making banking easier.” (Bankwest)

Types of Bankwest credit cards

There are 4 different types of Bankwest credit cards:

 

Bankwest credit cards

Bankwest Qantas MasterCard
More MasterCard
Bankwest Breeze MasterCard (Low Rate)
Zero MasterCard (Low Fee)

Within each of these 4 types of card, there are 3 levels for each type: Classic, Gold, or Platinum. Your financial details will determine which level of card you are eligible for. For the purposes of comparison, we have provided more detail below about the Platinum level for each card type.

At the time of writing, sign-up bonuses apply to certain cards. For example, the Bankwest Qantas MasterCard offers 50,000 bonus points for new customers signing up to Bankwest who make the minimum spend.

All Bankwest credit cards offer the following benefits:

  • Additional cardholders: Option to have up to 3 additional cardholders.
  • Online: Cards can be managed using 24/7 online banking or the mobile app.
  • Emergency card replacement: Worldwide emergency card replacement available at no cost.
  • Easy Alerts: Set up customised alerts for low balance (to prevent overspending), or to warn of possible unauthorised international transactions. (We’ve written more about this app function, which won our 2016 Innovation Excellence Award, on our website.)

Source: Bankwest

The inclusions mentioned represent a selection of what is covered at the time of writing. Additional terms and conditions may apply to different features. Additional fees may apply to the product. CANSTAR is not making any suggestion or recommendation to you about this product. Please ensure that you read the product disclosure statement to determine all the current options and inclusions for the product you are considering.

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Bankwest Qantas MasterCard (Platinum)

Bankwest QANTAS Platinum

Features

  • Card type: MasterCard
  • Minimum credit limit: $6,000
  • Maximum credit limit: Unlimited
  • Rewards program:
    • Qantas Frequent Flyer Rewards: Earn 1 Qantas Frequent Flyer point for every $2 spent on eligible purchases. Points are redeemable for flights on Qantas or Jetstar, or merchandise, experiences, and gift cards from Qantas Frequent Flyer online store.
    • Concierge: 24/7 personal concierge available worldwide.
  • Insurance (complimentary) – applies to Gold and Platinum levels:
    • Overseas Travel Insurance for the family when you purchase return tickets on the card, for trips up to 6 months for Platinum cardholders and 3 months for Gold cardholders, with unlimited medical and hospital cover.
    • Purchase Security Cover for loss, theft, or accidental damage of new personal goods for 3 months from purchase.
    • Purchase Extended Warranty of up to 12 months on top of manufacturer’s warranty.
    • Purchase Price Guarantee for the difference (if more than $75) if you find the same item for a cheaper price in a catalogue within 21 days of purchase.
  • Home loan package: Platinum level card is available as part of the Complete Home Loan Package.

Rates and Fees

  • Interest rate on purchases: 49% p.a.
  • Interest free days: Up to 44 days on purchases only, if balance paid in full every month
  • Cash advance rate: 99% p.a.
  • Cash advance fee: Greater of 2% or $4
  • Balance transfer rate: 99% for 9 months (afterwards reverts to 20.49% p.a.)
  • Balance transfer fee: No balance transfer fee
  • Annual fee: $160/year
  • Minimum monthly repayment: Greater of 2% of balance or $20
  • Payment handling fee: $0
  • International fees: The Platinum level Bankwest Qantas MasterCard offers no foreign transaction fees on online shopping or overseas purchases. For Classic and Gold level cards, foreign transaction fee of 2.95% applies.
  • Paper statement fee: $7.50/statement
  • Late fee for overdue minimum payment: $25
  • Over-the-limit fee: $30
  • Dishonour fee: $10

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Bankwest More MasterCard (Platinum)

Bankwest MORE Platinum

Features

  • Card type: MasterCard
  • Minimum credit limit: $6,000
  • Maximum credit limit: $100,000
  • Rewards program:
    • Bankwest More Rewards: Earn 2 points for every dollar spent on eligible purchases. Points are redeemable for Webjet flights, gift cards from major retailers, or cashback.
    • Concierge: 24/7 personal concierge available worldwide.
  • Insurance (complimentary) – applies to Gold and Platinum levels:
    • Overseas Travel Insurance for the family when you purchase return tickets on the card, for trips up to 6 months for Platinum cardholders and 3 months for Gold cardholders, with unlimited medical and hospital cover.
    • Purchase Security Cover for loss, theft, or accidental damage of new personal goods for 3 months from purchase.
    • Purchase Extended Warranty of up to 12 months on top of manufacturer’s warranty.
    • Purchase Price Guarantee for the difference (if more than $75) if you find the same item for a cheaper price in a catalogue within 21 days of purchase.
  • Home loan package: Platinum level card is available as part of the Complete Home Loan Package.

Rates and Fees

  • Interest rate on purchases: 99% p.a.
  • Interest free days: Up to 44 days on purchases only, if balance paid in full every month
  • Cash advance rate: 99% p.a.
  • Cash advance fee: Greater of 2% or $4
  • Balance transfer rate: 99% for 9 months (afterwards reverts to 19.99% p.a.)
  • Balance transfer fee: No balance transfer fee
  • Annual fee: $130/year
  • Minimum monthly repayment: Greater of 2% of balance or $20
  • Payment handling fee: $0
  • International fees: The Platinum level Bankwest Qantas MasterCard offers no foreign transaction fees on online shopping or overseas purchases. For Classic and Gold level cards, foreign transaction fee of 2.95% applies.
  • Paper statement fee: $7.50/statement
  • Late fee for overdue minimum payment: $25
  • Over-the-limit fee: $30
  • Dishonour fee: $10

Compare Rewards Credit Cards

Bankwest Breeze MasterCard (Platinum) (Low Rate)

Bankwest BREEZE Platinum

Features

  • Card type: MasterCard
  • Minimum credit limit: $6,000
  • Maximum credit limit: Unlimited
  • Concierge: 24/7 personal concierge available worldwide.
  • Insurance (complimentary) – applies to Gold and Platinum levels:
    • Overseas Travel Insurance for the family when you purchase return tickets on the card, for trips up to 6 months for Platinum cardholders and 3 months for Gold cardholders, with unlimited medical and hospital cover.
    • Purchase Security Cover for loss, theft, or accidental damage of new personal goods for 3 months from purchase.
    • Purchase Extended Warranty of up to 12 months on top of manufacturer’s warranty.
    • Purchase Price Guarantee for the difference (if more than $75) if you find the same item for a cheaper price in a catalogue within 21 days of purchase.

Rates and Fees

  • Interest rate on purchases: 99% p.a.
  • Interest free days: Up to 55 days on purchases only, if balance paid in full every month
  • Cash advance rate: 99% p.a.
  • Cash advance fee: Greater of 2% or $4
  • Balance transfer rate: 99% for 9 months (afterwards reverts to 8.99% p.a.)
  • Balance transfer fee: No balance transfer fee
  • Annual fee: $0 for first year, afterwards $99/year
  • Minimum monthly repayment: Greater of 2% of balance or $20
  • Payment handling fee: $0
  • International fees: The Platinum level Bankwest Qantas MasterCard offers no foreign transaction fees on online shopping or overseas purchases. For Classic and Gold level cards, foreign transaction fee of 2.95% applies.
  • Paper statement fee: $7.50/statement
  • Late fee for overdue minimum payment: $25
  • Over-the-limit fee: $30
  • Dishonour fee: $10

Compare Low Rate Credit Cards

Bankwest Zero MasterCard (Platinum) (Low Fee)

Bankwest ZERO Platinum

Features

  • Card type: MasterCard
  • Minimum credit limit: $6,000
  • Maximum credit limit: Unlimited
  • Concierge: 24/7 personal concierge available worldwide.
  • Insurance (complimentary) – applies to Gold and Platinum levels:
    • Overseas Travel Insurance for the family when you purchase return tickets on the card, for trips up to 6 months for Platinum cardholders and 3 months for Gold cardholders, with unlimited medical and hospital cover.
    • Purchase Security Cover for loss, theft, or accidental damage of new personal goods for 3 months from purchase.
    • Purchase Extended Warranty of up to 12 months on top of manufacturer’s warranty.
    • Purchase Price Guarantee for the difference (if more than $75) if you find the same item for a cheaper price in a catalogue within 21 days of purchase.

Rates and Fees

  • Interest rate on purchases: 99% p.a.
  • Interest free days: Up to 55 days on purchases only, if balance paid in full every month
  • Cash advance rate: 99% p.a.
  • Cash advance fee: Greater of 2% or $4
  • Balance transfer rate: 99% for 9 months (afterwards reverts to 17.99% p.a.)
  • Balance transfer fee: No balance transfer fee
  • Annual fee: $0/year
  • Minimum monthly repayment: Greater of 2% of balance or $20
  • Payment handling fee: $0
  • International fees: The Platinum level Bankwest Qantas MasterCard offers no foreign transaction fees on online shopping or overseas purchases. For Classic and Gold level cards, foreign transaction fee of 2.95% applies.
  • Paper statement fee: $7.50/statement
  • Late fee for overdue minimum payment: $25
  • Over-the-limit fee: $30
  • Dishonour fee: $10

Compare Low Fee Credit Cards

Eligibility to apply for a Bankwest Credit Card

To apply for any of the Bankwest credit cards, you must be able to satisfy the following criteria:

  • At least 18 years old.
  • Permanent Australian resident.
  • Good credit history.

CANSTAR provides an information service. It is not a credit provider, and in giving you information about credit products CANSTAR is not making any suggestion or recommendation to you about a particular credit product.

If you decide to apply for a credit card you will deal directly with the financial institution, and not with CANSTAR. Rates and product information should be confirmed with the relevant financial institution. For more information, read our detailed disclosure, important notes, and additional information.

About Bankwest

Bankwest was founded in 1895 by the state government to provide for farmers, under the name Agricultural Bank of Western Australia. In a mission to serve customers across the wide and relatively empty state of WA, Bankwest staff would hit the road and travel for miles between farms, sleeping on the side of the road. In 2008, Bankwest joined the Commonwealth Bank Group.

Bankwest was responsible for a number of banking “firsts” in Australia – they launched blue light signature verification units, drive-through bank branches, WA’s first after-hours cash dispenser (the pre-cursor to the ATM), and were Australia’s first bank to fully implement electronic data processing. They were also the first bank in WA to give women jobs as bank tellers.

Source: Bankwest

Bankwest demonstrate a strong level of commitment to supporting the Australian community. In 2013, they established the Bankwest Foundation to improve the well-being of WA communities and Australians around the country, providing grants of $1 million per year. So far Bankwest has provided Easy Grants to over 1,300 community groups.

Bankwest is proud to sponsor worthy causes such as Telethon fundraising for children, the West Australian Ballet, Teen Challenge WA, the Committee for Economic Development of Australia (CEDA), and the West Coast Eagles AFL Club. They also support the arts through the Bankwest Art Prize and the Bankwest Art Collection, among other initiatives. Bankwest also gives employees time to volunteering for the charitable causes they care about.

As for protecting the environment, Bankwest has done well. Parent company the Commonwealth Bank’s 2015 sustainability report shows that Bankwest has reduced their emissions by far more than their targets (63% over 45% target for scope 1, 39% over 30% target for scope 2).

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Written by: TJ Ryan