Compare Bankwest Credit Cards

Different types of credit cards may have different eligibility criteria. However, in general, to apply for a Bankwest credit card, you must meet the following criteria:

• at least 18 years old.
• an Australian citizen or permanent resident.
• have a good credit history
• agree to a credit check.

Before you apply, it could be a good idea to check your credit score.

For more information on eligibility requirements, visit the provider’s website.

If eligibility requirements are met, you can apply online, visit your nearest branch or call 13 17 19. Bankwest recommends having the following documentation ready with your application:

• Proof of identity (such as an Australian driver’s licence, Medicare card or passport)
• Proof of income (such as most recent payslips, PAYG summary, or, if you’re self-employed, your most recent superannuation fund statement)

If you’re applying online, Bankwest recommends allowing for at least 15 minutes to fill out the online application form.

Once you receive your bankwest card in the mail, you can activate your credit card using Bankwest’s mobile app or Online Banking. You will have to set a PIN to use your card but you can change it at any time.

For the app, you can activate your card by following the prompts when you go into the ‘Cards’ tab in the menu and choosing your new card from the list.

For Online Banking, you can activate your card by following the prompts when you click into ‘Self service’ and then ‘Manage my cards’ and choosing your new card from the list.

If you do not have access to either method, you can also call 1300 796 844 to activate your Bankwest card.

Bankwest sends your credit card statement every month when there’s activity with your account or an outstanding balance on your card. It shows the activity and balance of your statement period and will advise on the due date of any outstanding payments.

Interest on your Bankwest credit card accrues daily and is calculated at the end of each statement period and debited on the last day of the period. The calculation is applied to the average daily unpaid balance from your previous statement, using the annual percentage rate outlined in your Schedule, which you can find in your Card Contract. In other words, the statement will show the cumulative daily percentage rate (either purchase, cash advance or balance transfer) applied to the outstanding daily balance showing in each day of your previous statement period.

Balance transfers and cash advances are calculated similarly with their own respective annual percentage rate that can be found in your Schedule on your Card Contract. Interest on balance transfers and cash advances are charged from the day the balance transfer or cash advance is completed.

The daily percentage rate for each respective category is calculated by dividing their respective annual percentage rate (as outlined in the Schedule in your Card Contract) by 365 (or 366 if it is a leap year).

Interest-Free Period

If your Bankwest credit card has an interest-free period for purchases (up to 55 days), you will not be charged interest on eligible purchases as long as you pay the total outstanding amount on your card by the outlined due date. If you have a balance transfer but have an interest-free period available to your Bankwest credit card, you will have to pay the closing balance owing on your statement, excluding any promotional or introductory balance transfer amount, by the payment due date.

The credit limit of your Bankwest credit card will depend on the information you provided in your application and the respective Bankwest card’s own conditions.

You can decrease your credit limit at any time using Bankwest’s mobile app or Online Banking.

However, in order to increase your credit limit, you will have to call Bankwest on 13 17 19 or visit your nearest branch. A request to increase your credit limit will be subject to approval.

Bankwest notes in their terms and conditions that they can decrease your credit limit at any time without prior notice but will notify you at the time of reducing your credit limit if they do.

You can close your Bankwest credit card either through Bankwest’s Online Banking website or via their app. You can also call Bankwest on 13 17 19 if you require help with closing your card.

For Online Banking, you can close your credit card by selecting the card in your account list and then clicking ‘see more account details’ and choosing the ‘Close account’ tab.

For the mobile app, you can close your card by going into the ‘Accounts’ tab in the bottom menu, then the ‘Manage’ tab and then choose ‘Close account’.

If you have any outstanding balances on the card, Bankwest will continue sending statements regarding any money owed on the card until they are paid in full. The card account will be closed 30 days after the full outstanding amount is paid. Once closed, Bankwest will send you a letter of confirmation regarding the closure of your credit card.

The number of rewards points you earn on your eligible Bankwest credit card will depend on the type of rewards credit card you have chosen. You can refer to your Card Contract for the exact number of points earned per dollar spent for your Bankwest credit card. The points on eligible purchases will be automatically credited to your Bankwest Rewards account.

Each card will have a points cap for each year unless an unlimited amount is stated for the card.

In order to redeem your Bankwest Rewards points, you must first have spent an initial $1,500 on eligible purchases using your credit card and held the card for at least 60 days.