Bankwest More Mastercard

19.99% p.a.

0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)

$100

Bankwest More Mastercard Review

Rates and fees information correct as at 17 July 2018.

Review published: 26 April 2013

What's hot:

  • Low $100 annual fee

  • 0% p.a balance transfer rate for 6 months (1% BT fee applies)

  • 19,500 annual bonus points each year (minimum spend applies)

What's not:

  • High 21.99% cash advance rate

Mozo snapshot:

The Bankwest More Mastercard low annual fee, convenient balance transfer term and fantastic and unique rewards program combine to create a card that would put a smile on anyone's face. You can bag 19,500 annual bonus points every year, as long as you spend $24,000 on eligible purchases each year.

Key features:

The Bankwest More Mastercard offers a great rewards program without the hefty annual fee or over the top purchase rate. Customers earn 1.5 rewards points for every dollar spent. Cardholders can score 19,500 points every year (but you'll have to spend $24,000 each year). Points are capped at 150,000 points p.a. and expire after 36 months. 

Points can be redeemed for over 3,000 different products such as cashback and gift cards through Bankwest's More Rewards program.

If you have existing debt from another card, the Bankwest More Mastercard offers customers a 0% balance transfer rate for 6 months (1% BT fee applies). And there's no need to stress - unlike some other cards, after the six months any remaining balance will roll over to the 19.99% purchase rate, and not the super-high cash advance rate. 

Who it's good for:

The Bankwest More Mastercard would suit someone who is looking for a rewards card that won't break the bank. 

Any catches?

Avoid late repayments - they will incur a $25 late fee. To help you, remember to set up Bankwest "Easy Alerts" in your app.

How are Bankwest credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
7.7

Based on 298
Bankwest credit cards reviews

7.1 6.9 7.7 7.8 7.8

Read Bankwest credit card reviews by the Mozo community

Latest reviews of Bankwest More Mastercard

Bankwest

Bankwest More Mastercard credit card review

Overall rating   9 / 10

Bankwest

They are one of the best bank providers because of their efficiency, professionalism, intelligence and their will to help customers

Full review

They are one of the best bank providers because of their efficiency, professionalism, intelligence and their will to help customers

    Price   8 / 10

    Features   7 / 10

    Customer service   10 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Alisha (WA), reviewed 6 months ago

Bankwest

Bankwest More Mastercard credit card review

Overall rating   6 / 10

Average

They are not overly helpful

Full review

They are not overly helpful

    Price   5 / 10

    Features   4 / 10

    Customer service   3 / 10

    Convenience   9 / 10

    Trust   5 / 10

Less

Chris (WA), reviewed over 2 years ago

Bankwest

Bankwest More Mastercard credit card review

Overall rating   10 / 10

Just as good as any of the others say they are!!!!

It is convenient & easy to access. We have had no problems with this bank.

Full review

It is convenient & easy to access. We have had no problems with this bank.

    Price   5 / 10

    Features   5 / 10

    Customer service   9 / 10

    Convenience   10 / 10

    Trust   8 / 10

Less

Christine (WA), reviewed almost 3 years ago

Bankwest

Bankwest More Mastercard credit card review

Overall rating   9 / 10

Good service

Good bank that is easy to deal with.

Full review

Good bank that is easy to deal with.

    Price   9 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

George (WA), reviewed about 3 years ago

Bankwest

Bankwest More Mastercard credit card review

Overall rating   7 / 10

Bankwest bank best.

Credit where credit is due. Bankwest and you bank best.

Full review

Credit where credit is due. Bankwest and you bank best.

    Price   8 / 10

    Features   7 / 10

    Customer service   8 / 10

    Convenience   7 / 10

    Trust   8 / 10

Less

Chris (VIC), reviewed about 3 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

Revealing rewards

How do we do it?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,
  • figure out how many flights or gift cards or cashback credits you could get for those points,
  • work out what that's actually worth to you,
  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
  • Shopping rewards are based on $100 gift cards from a major national department store.
  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Rewards scheme

  • Redeem your points for cashback, travel, gift cards, retail rewards and shopping gift cards.
  • Rewards are redeemed via Flight Centre or Virgin Australia vouchers.
  • Bonus points available from selected partner merchants.
  • See Bankwest site for full Terms and Conditions.

Special offers

  • Earn 19,500 annual bonus points when you spend a minimum of $24,000 on eligible purchases in that year.

Value of rewards points

  • Need to spend $25,333 (Mastercard)

  • Need to spend $24,000 (Mastercard)

  • Need to spend $35,040 (Mastercard)

  • Need to spend $231,000 (Mastercard)

  • at 150,000 points yearly

  • 36 months

Details behind our 'value of rewards' calculations

  • 1.5 points per dollar on Mastercard, up to 150000 points per year

  • 38000 points buys a $100 credit

  • 36000 points buys a Myer $100 Gift Card

  • 50400 points required. 36000 points buys a $100 Flight Centre travel voucher; assumed flight cost is $140

  • 346500 points required. 315000 points buys a $1,000 Flight Centre travel voucher; assumed flight cost is $1100

* How did we do it? Find out...

Rates

  • 19.99% p.a.

  • none

  • 0% p.a. for 6 months and then 19.99% p.a. (1.00% balance transfer fee)

  • no

  • 21.99% p.a.

  • 44

Fees

  • $100.00

  • none

  • none

  • none

  • $25.00

  • 2%, Min $4.00

  • 2.95%

  • $7.50

  • $10.00

  • $0.00

Other financial bits

  • $20.00

  • 2.0

Features

  • 3

  • none

  • none

About Bankwest

Bankwest is the bank best known for Making Banking Easier, an initiative which aims to make banking a more positive experience. Originally from Western Australia, Bankwest has attracted thousands of customers around the country with its competitively priced products such as the Hero Saver. In late 2008 the bank was bought by the Commonwealth Bank, who have promised to retain the Bankwest brand. So if you like the sound of Making Banking Easier, check out Bankwest's range of personal banking products including savings accounts, bank accounts, credit cards, home loans and more.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

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