Bankwest's More Platinum Mastercard offers a luxury rewards program without the hefty price-tag. The relatively competitive $160 annual fee puts this card well within the realm of the affordable. Yet there is no compromise on rewards quality as new customers can earn 75,000 bonus points every year (min spend applies).
This card is a winner of an award in the 2022 Mozo Experts Choice Travel Money Award in the Platinum Travel Credit Card category.
The Bankwest More Platinum Mastercard makes luxury affordable. Customers can gain access to a stellar rewards program without being weighed down by hefty annual fees and purchase rates. New customers earn 75,000 bonus points every year if they manage a $48,000 annual spend on eligible purchases.
Every dollar spent is worth 2 rewards points, which can be redeemed for over 3,000 different products. Smart watches and new phones, cashback, flights and hot air balloon rides are all up for grabs - this rewards program truly does offer "more". But be sure to keep an eye on your points balance and your calendar, as points are capped at 400,000 points p.a. and expire after 36 months.
The More Platinum also comes with complimentary overseas travel insurance to cover the basics, interstate flight inconvenience insurance and purchase protection - what a package!
For those customers with existing credit card balances, the More Platinum Mastercard offers a 0% balance transfer rate for 6 months (+1% BT fee). After the 6 months is up, any remaining balance will roll over to the purchase rate, not the cash advance rate, which is great news for any wallet.
Bankwest is also allowing customers to pay off purchases with their easy installment purchase plan.
The Bankwest More Platinum Mastercard is ideal for anyone who is after a unique and extensive rewards program, travel perks and fair rates without hefty fees.
Late payments will cop a $25 late fee - watch out! Make sure to set up "Easy Alerts" in your Bankwest App to remind you.
Fly Sydney to London return
640,000 points
Fly Sydney to Melbourne one-way
58,400 points
$100 Giftcard
40,000 points
$100 Cash
40,000 points
2 points per dollar on Mastercard, up to 400000 points per year
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.
Earn 75,000 annual bonus points when you spend a minimum of $48,000 on eligible purchases in that year.
Spend $20,000 (Mastercard)
Spend $20,000 (Mastercard)
Spend $29,200 (Mastercard)
Spend $320,000 (Mastercard)
at 400,000 points yearly
36 months
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.
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 |
$160.00 |
|
none |
|
none |
|
none |
|
$25.00 |
|
2%, Min $4.00 |
|
0% |
|
$2.50 |
|
$0.00 |
|
$0.00 |
$20.00 |
|
2.0 |
|
3 |
|
none |
Apple Pay, Google Pay
Extended Warranty,
Purchase Protection,
Overseas Travel Insurance
Set up Easy Instalments purchase plans to spread the cost of up to 5 eligible purchases over 4 monthly instalments at 0% p.a.
Issues are not easily resolved. Very few branches still left to ask questions
Read full reviewIssues are not easily resolved. Very few branches still left to ask questions
Bankwest is available to take calls 24/7 and are always courteous when I have needed to talk to them.
Read full reviewBankwest is available to take calls 24/7 and are always courteous when I have needed to talk to them.
Great credit card with no fees.
Read full reviewGreat credit card with no fees.
I like my credit card as it is accepted everywhere without question. I pay my balance each month so as not to incur any extra interest charges. If I have a problem they are quick to act and sort the problem out.
Read full reviewI like my credit card as it is accepted everywhere without question. I pay my balance each month so as not to incur any extra interest charges. If I have a problem they are quick to act and sort the problem out.
The ‘more rewards’ program is great. The bank will send a prompt to trade the points for cash back. The credit card provides free travel insurance too which is handy.
Read full reviewThe ‘more rewards’ program is great. The bank will send a prompt to trade the points for cash back. The credit card provides free travel insurance too which is handy.
Westpac
Low Rate
13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Virgin Money
No Annual Fee Card
0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
$0
American Express
Qantas Ultimate Card
20.74% p.a.
No current offer
$450
Qantas Frequent Flyer
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 28 months and then 20.99% p.a.
$129 $0 in the first year
Velocity Frequent Flyer
St.George
Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
American Express
Platinum Edge Credit Card
20.74% p.a.
No current offer
$195
Membership Rewards
American Express
Cashback Credit Card
20.74% p.a.
No current offer
$120 First year monthly fees waived for online applications, new card members only., $0 in the first year
Cashback Rewards
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a.
$59 $0 in the first year
American Express
Qantas Ultimate Card
Qantas Frequent Flyer
$450
100,000
1.25 points uncapped
Westpac
Altitude Platinum
Qantas Frequent Flyer
$200 $99 in the first year
70,000
0.5 points up to $100,000/year
American Express
Platinum Edge Credit Card
Membership Rewards
$195
30,000
1 point uncapped
St.George
Amplify Rewards Platinum
Qantas Frequent Flyer
$99
60,000
0.5 points up to $100,000/year
NAB
Qantas Rewards Premium Card
Qantas Frequent Flyer
$250 $150 in the first year
70,000
0.66 points up to $3,000/month, then
0.33 points up to $6,000/month
St.George
Amplify Rewards Platinum
Rewards
$99 $29 in the first year
100,000
1 point uncapped
HSBC
Platinum Credit Card
0% p.a. for 36 months and then 21.99% p.a.
19.99% p.a.
$129 $29 in the first year
Rewards Plus
St.George
Vertigo
0% p.a. for 32 months and then 21.49% p.a.
13.99% p.a.
$55 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
0% p.a. for 28 months and then 20.99% p.a.
20.74% p.a.
$129 $0 in the first year
Velocity Frequent Flyer
St.George
Amplify Rewards Platinum
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
19.49% p.a.
$99
Qantas Frequent Flyer
St.George
Amplify Rewards Signature
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
19.49% p.a.
$279
Qantas Frequent Flyer
Westpac
Low Rate
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
13.74% p.a.
$59
Virgin Money
No Annual Fee Card
0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
$0
Westpac
Low Rate
13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
St.George
Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 28 months and then 20.99% p.a.
$129 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a.
$59 $0 in the first year
Virgin Money
Virgin Australia Velocity Flyer Card - Bonus Points Offer
20.74% p.a.
0% p.a. for 18 months and then 20.99% p.a.
$129 $64 in the first year
Westpac
Low Rate
13.74% p.a.
6.99% p.a. for 12 months and then 21.49% p.a. (1.00% balance transfer fee)
$59
Virgin Money
No Annual Fee Card
0% p.a. for 12 months then 18.99% p.a.
0% p.a. for 12 months and then 20.99% p.a.
$0
St.George
Vertigo
13.99% p.a.
0% p.a. for 32 months and then 21.49% p.a.
$55 $0 in the first year
NAB
Low Rate Card
12.99% p.a.
0% p.a. for 32 months and then 21.74% p.a.
$59 $0 in the first year
St.George
Amplify Rewards Platinum
19.49% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$99
St.George
Amplify Rewards Platinum
19.49% p.a.
0% p.a. for 24 months and then 21.49% p.a. (1.00% balance transfer fee)
$99 $29 in the first year